
Securities Fraud Investigation Into Centene Corporation (CNC) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
IF YOU ARE AN INVESTOR WHO LOST MONEY ON CENTENE CORPORATION (CNC), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On July 1, 2025, Centene announced that it was withdrawing its previous 2025 financial guidance following analysis of data from the Affordable Care Act marketplace that showed a significant revenue decline from a risk-sharing mechanism.
On this news, Centene's stock price fell as much as 40% during intraday trading on July 2, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Centene securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
37 minutes ago
- Globe and Mail
Five9 (FIVN) Q2 Revenue Jumps 12%
Key Points GAAP revenue rose 12% year over year to $283.3 million in Q2 2025, surpassing analyst estimates by $8.1 million. Non-GAAP earnings per share reached $0.76, beating expectations by $0.14 (non-GAAP) and up from $0.52 per diluted share (non-GAAP) in Q2 2024. Enterprise AI revenue grew 42% year-over-year, now accounting for 10% of enterprise subscription revenue. These 10 stocks could mint the next wave of millionaires › Five9 (NASDAQ:FIVN), a provider of cloud-based contact center software, released its second quarter earnings for fiscal 2025 on July 31, 2025. Five9 posted GAAP revenue of $283.3 million for Q2 2025, up 12% from the prior year period. , coming in $8.1 million ahead of analyst expectations. Non-GAAP earnings per share were $0.76, well above the $0.62 analyst forecast (non-GAAP). Five9 highlighted accelerated growth in its Enterprise AI segment, with Enterprise AI revenue increasing 42% year-over-year, achieving a record adjusted EBITDA margin and improved operating cash flow, despite some macroeconomic caution and a sequential dip in its key net retention metric, with LTM dollar-based retention rate at 107% versus 108% in the prior quarter. Overall, the quarter showed broad-based improvement and momentum in both financial and operational metrics. Metric Q2 2025 Q2 2025 Estimate Q2 2024 Y/Y Change EPS (Non-GAAP) $0.76 $0.62 $0.52 46.2% Revenue $283.3 million $275.2 million $252.1 million 12.4% Gross Margin 54.9% 53.0% 1.9 pp Gross Margin (Non-GAAP) 63.0% 60.5% 2.5 pp Adjusted EBITDA Margin 24.0% 16.6% 7.4 pp Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Business Overview and Strategic Focus Five9 operates in the software-as-a-service space, specifically providing cloud-based call center platforms for businesses shifting away from traditional, on-premises systems. Its main product allows organizations to manage phone, chat, email, and other customer interactions in a single platform. The system is designed to replace legacy hardware with scalable, flexible solutions that enable remote work and seamless customer engagement across digital channels. In recent years, Five9's key areas of focus have included driving adoption of its cloud solutions, accelerating advancements in Artificial Intelligence, supporting digital transformation for clients, and extending its partner ecosystem. These strategies are vital for capturing market share as companies modernize their customer-facing operations. Enterprise migration to the cloud, integration of advanced AI features, and deeper relationships with global partners have become central to Five9's growth and ongoing relevance in a rapidly changing market. Quarter Highlights and Notable Developments During Q2 2025, Five9 substantially outperformed its financial guidance and market estimates, with non-GAAP EPS of $0.76 exceeding the analyst estimate of $0.62 and GAAP revenue of $283.3 million surpassing the analyst estimate of $275.17 million. It reported a significant revenue increase, a record high in adjusted EBITDA margin (24.0% non-GAAP), and stronger free cash flow. Non-GAAP earnings were higher than expected, reflecting improved operating efficiency and a favorable revenue mix shift toward subscription and AI-driven services. These results marked the company's best quarter yet for both operating and free cash flow. AI revenue in the enterprise market rose 42% year-over-year and now accounts for 10% of enterprise subscription revenue. Management reported that Enterprise AI bookings more than tripled year-over-year, and more than 20% of new large enterprise deals included AI solutions in Q1 2025. Product launches this quarter included new Agentic AI Agents and Trust & Governance tools, both part of the Genius AI suite. These products use machine learning and generative AI to improve call handling and oversight, offering customers real savings and operational improvements. Subscription revenue -- the portion of revenue tied to ongoing platform usage -- grew by 16% year-over-year. This growth, combined with strong uptake of AI and multi-channel capabilities, improved both GAAP and non-GAAP gross margins and overall profitability. Five9 attributed much of the margin expansion in Q1 2025 to this revenue mix shift and to disciplined cost controls, including a workforce reduction earlier in the year that is expected to save $20–$25 million in annual compensation-related non-GAAP expense. These savings are now being reinvested in high-priority areas such as AI development and go-to-market (sales and marketing) initiatives. The company's partnerships and channel strategies played a significant role in the quarter. Integrations with enterprise software providers such as Salesforce, Microsoft, ServiceNow, and IBM are expanding Five9's reach and enabling joint sales wins, especially in financial services, healthcare, and vehicle mobility. Management noted some resistance to U.S. vendors in international regions during the Q1 2025 earnings call and took a conservative view on international growth for the remainder of 2025. Regarding specific products, Five9's Agentic AI Agents are virtual representatives powered by artificial intelligence, designed to automate both self-service and assist live agents. The Genius AI suite includes applications for speech recognition, automated insights, and conversation summaries. Five9 Fusion, its integration for Salesforce users, enables enterprise clients to use Five9's voice services alongside CRM data in a unified workflow, further enhancing digital transformation. Looking Ahead: Guidance and Watch Points Management's guidance for Q3 2025 is revenue between $283.0 million and $286.0 million, essentially flat from Q2 2025. Full-year 2025 revenue guidance remains $1.1435 billion to $1.1495 billion, reflecting a prudent approach given current economic conditions and some lengthening of large deal sales cycles. For earnings, the company projects GAAP diluted EPS of $0.06 to $0.12 for Q3 2025 and $0.23 to $0.30 for the full year; Non-GAAP EPS guidance is $0.72 to $0.74 for Q3 2025 and $2.86 to $2.90 for FY2025. Management cited high visibility into the installed customer base as supporting the stability of these forecasts. About 93% of incremental recurring revenue expected in the 2025 outlook is planned to come from existing clients, not new wins. There is also some risk noted on international deals and go-to-market execution, as well as a significant drop in cash and marketable investments from $362.5 million and $643.4 million as of December 31, 2024, to $205.5 million and $430.4 million as of June 30, 2025, following debt repayment. Continued success in AI product adoption and further penetration of new and existing enterprise clients will be important to monitor. Five9 does not currently pay a dividend. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,036%* — a market-crushing outperformance compared to 181% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of July 29, 2025


Globe and Mail
37 minutes ago
- Globe and Mail
Coinbase (COIN) Q2 Revenue Up 3%
Key Points GAAP revenue for fiscal Q2 2025 missed analyst expectations at $1,497.2 million, GAAP revenue was approximately 3.3% higher than fiscal Q2 2024 but was 5.7% below estimates. GAAP net income reached $1.43 billion, driven by one-off investment gains rather than ongoing operating profits, as fiscal Q2 2025 net income included a $1.5 billion gain on strategic investments and a $362 million gain from the crypto investment portfolio. A one-time $308 million expense related to a data breach impacted operating expenses and signals security challenges. These 10 stocks could mint the next wave of millionaires › Coinbase (NASDAQ:COIN), a leading cryptocurrency exchange and platform, released results for fiscal Q2 2025 (ended June 30, 2025) on July 31, 2025. The most important news from this earnings release was a significant miss on analyst revenue and earnings expectations, with GAAP revenue of $1,497.2 million—$90.1 million (5.7%) below the analyst consensus estimate of $1,587.3 million. GAAP revenue totaled $1.50 billion, below the $1.587 billion GAAP consensus, and non-GAAP diluted earnings per share (EPS) was $0.12. GAAP net income surged to $1.43 billion due to large unrealized investment gains rather than core business operations. At the same time, adjusted earnings and core operational profits declined, while operating expenses grew mostly because of a $308 million charge tied to a major data breach. Overall, the quarter showed setbacks in key financial metrics, but also showcased progress in regulatory compliance and product initiatives amid a challenging environment for crypto trading activity. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Business overview and recent focus Coinbase operates a platform for buying, selling, transacting, and storing a wide range of digital assets such as Bitcoin, Ethereum, and other cryptocurrencies. It serves both retail and institutional customers, providing core services like crypto trading, wallet storage, custody for large clients, and digital payment tools. Recently, Coinbase has concentrated on five areas: compliance with global regulations, strengthening platform security, diversifying its product offerings, staying competitive in the crypto space, and driving technological innovation. Compliance is important as governments define rules for digital money. Security is vital for protecting customer assets and trust. Diversifying with new products and services helps the company reduce reliance on trading revenue. The crypto market remains competitive, requiring frequent innovation to remain relevant and attract a broad range of customers. Quarterly highlights and notable developments The period was notable for transaction revenue, which comes from customer trading, dropping to $764 million, down 39% sequentially, as volatility and trading activity declined throughout the market. Subscription and services revenue, reflecting stablecoin earnings, custody fees, and financing, declined 6% quarter-over-quarter but proved more resilient relative to trading, as subscription and services revenue grew 9% quarter-over-quarter to $698 million in fiscal Q1 2025. Stablecoin revenue rose 12% quarter-over-quarter to $332 million, with average USDC stablecoin balances reaching $13.8 billion, up 13% quarter-over-quarter. This indicates that alternative revenue streams cushioned the company as trading volumes shrank. GAAP net income reached $1.43 billion, but this jump is not reflective of ongoing business performance. The bulk was due to one-time unrealized investment gains, including a mark-up on Coinbase's stake in Circle and a gain from its crypto investment portfolio. Without these, adjusted net income (non-GAAP) fell sharply to $33 million, signaling much weaker underlying profitability. Operating expenses saw a large increase, rising to $1.52 billion (GAAP). Operating expenses rose 37.6% year over year. The main driver was a $308 million non-recurring charge for cybersecurity remediation following a data breach in May. The event, in which hackers accessed customer data, did not result in lost customer passwords, but marked a substantial hit to trust and required high-cost remediation efforts. Excluding this, general operating expenses were controlled, with the company noting a slight decline in core expense categories. Coinbase made significant progress in regulatory compliance. Lawmakers passed the GENIUS Act, the first U.S. digital assets law, in July 2025, and the CLARITY Act, which creates a U.S. market structure framework for digital currencies and stablecoins. Internationally, Coinbase secured a MiCA license in Luxembourg in June 2025, enabling operations across 30 European countries. These regulatory steps will likely enable further growth and open opportunities for new business lines with both individual and institutional clients. Product innovation also continued with new launches such as the Coinbase One Card (a payments card), the Base App (with over 700,000 users on the waitlist), and continued international expansion in derivatives trading. The company also reported all-time high assets under custody at $245.7 billion and record institutional lending balances in Prime Financing, reflecting growing demand from corporate and institutional customers. Looking ahead and financial guidance Coinbase management provided specific guidance for fiscal Q3 2025, including expected subscription and services revenue of $665 million–$745 million, transaction expenses in the mid-teens as a percentage of net revenue, technology and development plus general and administrative expenses of $800 million–$850 million, and sales and marketing expenses of $190 million–$290 million. It expects July 2025 transaction revenue of approximately $360 million, signaling a subdued start as trading activity continues to soften. For subscription and services, management forecasts subscription and services revenue between $665 million and $745 million, expecting this to benefit from stronger crypto asset prices as July began. Total core operating expenses are projected to remain elevated, with technology and development plus general and administrative outlays set for $800 million to $850 million, and sales and marketing spending between $190 million and $290 million. While management pointed to new regulatory clarity and product launches as positive, it also warned that many key metrics remain tied to external crypto market valuations and volatility. Expense growth was mainly due to a one-time security incident, raising pressure on profitability should revenue not rebound. COIN does not currently pay a dividend. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,036%* — a market-crushing outperformance compared to 181% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of July 29, 2025


Globe and Mail
37 minutes ago
- Globe and Mail
Icf (ICFI) Q2 Revenue Falls 7%
Key Points Revenue (GAAP) fell 7.0% in Q2 2025 compared to Q2 2024 and missed estimates, totaling $476.2 million, driven by continued weakness in federal government work. Non-GAAP earnings per share beat expectations at $1.66, supported by higher margins and lower costs. Commercial segment revenue rose 25.2% year-over-year, reflecting strong growth in energy advisory services, now nearly one-third of total revenue (32.9%). These 10 stocks could mint the next wave of millionaires › Icf International (NASDAQ:ICFI), a global consulting and technology services company known for its work with government and commercial clients, reported financial results on July 31, 2025. The major headline was Revenue (GAAP) fell 7.0% in Q2 2025 compared to Q2 2024, coming in at $476.2 million and missing analyst expectations of $482.8 million (GAAP). However, non-GAAP earnings per share was $1.66, beating expectations, compared with the analyst consensus of $1.57 (Non-GAAP), thanks to improved margins and careful cost management. The quarter showed resilience in commercial energy and advisory work but highlighted persistent challenges in federal government contracting, resulting in overall revenue contraction. Source: Analyst estimates for the quarter provided by FactSet. Understanding Icf International's Business and Recent Focus Icf International helps governments, utilities, and businesses navigate complex issues in energy, environment, disaster recovery, public health, and IT modernization. It provides consulting, project management, and technology solutions, and is especially active in energy efficiency, electrification, and digital transformation projects. The company's recent business focus is on expanding commercial work, especially in energy advisory for utilities and clients seeking to transition to lower emissions and more resilient systems. Technology is another focus area, with ongoing investments in analytics and artificial intelligence projects that help clients modernize operations. Portfolio balance across commercial and government clients is a key success factor, as is maintaining long-term customer relationships in a regulated industry. Quarterly Highlights: Segment Shifts, Margins, and Key Developments This quarter, the most notable development was the shift in revenue mix. The commercial segment delivered a 25.2% increase in revenue year-over-year, driven by a 27.4% year-over-year gain in energy markets revenue. Energy, environment, infrastructure, and disaster recovery projects made up 52% of total revenue, an increase from the prior period. Management credited successful wins and contract renewals across both energy efficiency and digital modernization offerings, including almost $1.1 billion in new contracts year-to-date. Despite strong results in the commercial business, government work -- especially from U.S. federal agencies -- declined sharply. Federal revenue dropped 25.1% year-over-year, which management attributed to ongoing delays in government contract funding and new project awards. Overall, government clients accounted for 67% of revenue, down from 76% in Q2 2024. State and local government work and international contracts both remained steady or up slightly, helping stabilize the business. Margin performance improved versus the prior year, with the company's operating margin at 8.4%, up slightly despite lower overall revenue. Gross margin expanded, benefiting from a higher mix of fixed-price and time-and-materials contracts.—which are types of agreements that can improve profitability when managed well—and a decline in costs paid to subcontractors and other direct expenses. This was helped further by a lower tax rate during the period. The company booked a quarterly book-to-bill ratio of 1.30, signaling healthy demand in the pipeline. The business development pipeline stood at $9.2 billion. No changes were made to the quarterly dividend, which held steady at $0.14 per share for another consecutive period. Looking Ahead: Management Guidance and Future Considerations Management maintained its full-year 2025 guidance range, signaling that it does not expect full-year revenue to fall by as much as 10% compared to FY2024, which was previously seen as the "floor." Adjusted EBITDA margin is projected to hold steady near last year's level, and reported Non-GAAP earnings per share are tracking toward the higher end of the guidance range given the first-half results. Expected operating cash flow for FY2025 is $150 million. The outlook for 2026 points to a potential return to total revenue and earnings growth, but the exact timing depends on both market conditions and federal government funding cycles. Though the period saw no new large-scale acquisitions, the ability to build on its current client base and secure new energy and technology contracts will be critical for future growth. The quarterly dividend remains unchanged at $0.14 per share. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,036%* — a market-crushing outperformance compared to 181% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of July 29, 2025