Mercury Systems reported strong Q3 fiscal 2026 results with record bookings of $348 million, a 73.7% increase year-over-year, and a book-to-bill ratio of 1.48. Revenue rose 11.5% organically to $236 million, while adjusted EBITDA increased 46.2% to $36 million. Despite a GAAP net loss of $3 million, the company’s backlog reached a record $1.6 billion, signaling robust demand and solid execution. Management highlighted better-than-expected growth and margin expansion, with a positive outlook supported by strong bookings and backlog.
Warner Bros. Discovery's stock fell 4% following a court decision to pause the $110 billion merger deal between Paramount and Skydance. The judge's intervention raises uncertainty about the future of this major entertainment industry consolidation. I...
Crypto markets saw $26.3 million in liquidations over 24 hours, dominated by $18 million in short position liquidations as Bitcoin and Ethereum prices rose modestly. This indicates a short squeeze, where bearish traders are forced to close positions ...
Tower Semiconductor is benefiting from strong AI-driven demand, with silicon-photonics revenue tripling and robust wafer commitments enhancing earnings visibility. However, its valuation is high, trading at 70 times projected 2026 earnings per share ...
Conagra Brands, a major consumer staples company, has cut its dividend payout by 50% to improve financial stability and support a new growth strategy under CEO John Brase. The dividend cut lowers the payout ratio from 80% to about 50%, making the div...
SS&C Technologies is trading at a significant discount due to concerns over its high $7.3 billion net debt and refinancing risks. However, the company reported strong Q2 results with 10% adjusted revenue growth, 18% EPS growth, and a 39.5% adjusted E...
