PowerFleet (AIOT) is rated a Buy at $4 due to its growth from recent mergers and acquisitions, including MiX and Fleet Complete, which have expanded its scale and ability to secure large enterprise deals. The company now generates over 80% of its revenue from recurring, high-margin services, with gross margins at 56.5% and improving operating leverage. For fiscal year 2027, PowerFleet projects revenue of $485M–$490M, adjusted EBITDA of $122M–$125M, and free cash flow of $30M–$35M, with leverage expected below 2x. The integration risks have lessened, and the stock's modest valuation alongside potential share buybacks make it an attractive investment opportunity.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
