JPMorgan Asset CEO Warns of Private Credit Froth, Touts High-Yield Debt
That's part of the pitch behind the new JPMorgan Active High Yield ETF (JPHY), which begins trading on Wednesday. The actively managed fund will dedicate at least 80% of its portfolio to junk-rated bonds and launches with a $2 billion anchor investment, according to a press release.
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Q1 Earnings Review: Video Conferencing Stocks Led by Five9 (NASDAQ:FIVN)
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the video conferencing stocks, including Five9 (NASDAQ:FIVN) and its peers. Work is becoming more distributed, both across geographies and devices. In order for businesses to keep functioning efficiently, they need to be able to communicate as well as they did when the teams were co-located, which drives the demand for integrated communication platforms. The 4 video conferencing stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 0.8% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 8.3% on average since the latest earnings results. Started in 2001, Five9 (NASDAQ: FIVN) offers software-as-a-service that makes it easier for companies to set up and efficiently run call centers to offer more tailored customer support. Five9 reported revenues of $279.7 million, up 13.2% year on year. This print exceeded analysts' expectations by 2.6%. Overall, it was a very strong quarter for the company with EPS guidance for next quarter exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. Five9 pulled off the biggest analyst estimates beat and fastest revenue growth of the whole group. Unsurprisingly, the stock is up 10.4% since reporting and currently trades at $27.71. Is now the time to buy Five9? Access our full analysis of the earnings results here, it's free. Started by Eric Yuan who once ran engineering for Cisco's video conferencing business, Zoom (NASDAQ:ZM) offers an easy to use, cloud-based platform for video conferencing, audio conferencing and screen sharing. Zoom reported revenues of $1.17 billion, up 2.9% year on year, outperforming analysts' expectations by 0.8%. The business had a strong quarter with full-year EPS guidance exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. Zoom scored the highest full-year guidance raise among its peers. The company added 104 enterprise customers paying more than $100,000 annually to reach a total of 4,192. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 4.6% since reporting. It currently trades at $78.29. Is now the time to buy Zoom? Access our full analysis of the earnings results here, it's free. Founded in 1987, 8x8 (NYSE:EGHT) provides software for organizations to efficiently communicate and collaborate with their customers, employees, and partners. 8x8 reported revenues of $177 million, down 1.3% year on year, in line with analysts' expectations. It was a slower quarter as it posted a slight miss of analysts' EBITDA estimates and billings in line with analysts' estimates. 8x8 delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. Interestingly, the stock is up 15.6% since the results and currently trades at $2.07. Read our full analysis of 8x8's results here. Founded in 1999 during the dot-com era, RingCentral (NYSE:RNG) provides software as a service that unifies phone, text, fax, video calls and chat in one platform. RingCentral reported revenues of $612.1 million, up 4.8% year on year. This print met analysts' expectations. More broadly, it was a mixed quarter as it also produced a decent beat of analysts' EBITDA estimates but a miss of analysts' billings estimates. The stock is up 11.9% since reporting and currently trades at $29.87. Read our full, actionable report on RingCentral here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
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12 minutes ago
- Yahoo
5 Must-Read Analyst Questions From Xponential Fitness's Q1 Earnings Call
Xponential Fitness's first quarter was marked by a decline in sales and a negative market reaction, as the company reported a 3.5% year-over-year revenue drop and a non-GAAP loss that fell short of Wall Street expectations. Management attributed the subdued performance to a higher-than-anticipated studio closure rate, particularly within the CycleBar and StretchLab brands, and a temporary pause in franchise license terminations as the company reorganized its operations. CEO Mark King described the business as 'in the middle of a transformation,' emphasizing a shift from aggressive sales tactics to a focus on operational efficiency and franchisee support. Is now the time to buy XPOF? Find out in our full research report (it's free). Revenue: $76.88 million vs analyst estimates of $76.09 million (3.5% year-on-year decline, 1% beat) Adjusted EPS: -$0.20 vs analyst estimates of $0.15 (significant miss) Adjusted EBITDA: $27.33 million vs analyst estimates of $28.86 million (35.5% margin, 5.3% miss) The company reconfirmed its revenue guidance for the full year of $320 million at the midpoint EBITDA guidance for the full year is $122.5 million at the midpoint, in line with analyst expectations Operating Margin: 12.6%, up from 10% in the same quarter last year Market Capitalization: $352.8 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Randy Konik (Jefferies) pressed for the main theme of the company's transformation, to which CEO Mark King responded that Xponential is shifting from aggressive sales to operational efficiency and franchisor support for long-term growth. Joe Altobello (Raymond James) asked about the spike in closures, with CFO John Meloun attributing most to CycleBar and StretchLab, and confirming the company expects this pattern to persist in the near term. John Heinbockel (Guggenheim) questioned the effectiveness and immediate impact of the new field operations team. King and Meloun replied that hands-on support should help new and struggling franchisees quickly, starting with the weakest performers. Chris O'Cull (Stifel) inquired about underinvestment in StretchLab marketing and potential for new membership models. King confirmed increased marketing spend and the exploration of monthly memberships to improve the brand's outlook. Korinne Wolfmeyer (Piper Sandler) sought clarification on tariff exposure and consumer demand assumptions. King emphasized minimal direct tariff impact and resilience in consumer demand, with no notable change in visitation or member growth. In future quarters, our team will monitor (1) the rollout and impact of the expanded field operations team on studio performance, (2) progress on StretchLab's turnaround plan and results of new membership models, and (3) the pace of international expansion and Club Pilates openings. The effectiveness of franchisee license management and adjustments to cost pressures will also be key markers of execution. Xponential Fitness currently trades at $10.10, up from $8.72 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 minutes ago
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The Top 5 Analyst Questions From 3D Systems's Q1 Earnings Call
3D Systems' first quarter results fell short of Wall Street's expectations, with management attributing the underperformance to weakened customer capital spending and heightened uncertainty around global tariffs. CEO Jeffrey Graves noted that outside of healthcare and defense, most customers paused or delayed capital expenditures, significantly impacting sales, especially in materials for dental and orthodontic applications. He described the environment as "anemic" and outlined that logistics cost pressures and shifting inventory management strategies among key customers contributed to revenue volatility. As a result, the company began more aggressive cost reduction initiatives to align with the reduced demand. Is now the time to buy DDD? Find out in our full research report (it's free). Revenue: $94.54 million vs analyst estimates of $98.31 million (8.1% year-on-year decline, 3.8% miss) Adjusted EPS: -$0.21 vs analyst expectations of -$0.15 (44.8% miss) Adjusted EBITDA: -$22.79 million vs analyst estimates of -$12.36 million (-24.1% margin, 84.3% miss) Operating Margin: -38.9%, in line with the same quarter last year Market Capitalization: $234.6 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Troy Jensen (Cantor Fitzgerald): Asked about aligner market inventory swings. CEO Jeffrey Graves explained that customers are moving to just-in-time inventory, making quarter-to-quarter demand less predictable but not fundamentally altering long-term growth. Greg Palm (Craig Hallum): Questioned the cause of the revenue miss late in the quarter. Graves cited last-minute customer purchase order delays and logistical challenges, especially in materials and equipment shipments, as main factors. Brian Drab (William Blair): Inquired about options for managing the upcoming debt maturity. Graves said the company is evaluating paying down debt, refinancing, or retaining more cash, and will decide after assessing the post-divestiture cash position. Brian Drab (William Blair): Asked whether incremental cost cuts would hurt growth. Graves emphasized that R&D investments are being maintained for core platforms, but efforts in less proven markets are being reduced or paused to preserve growth in key areas. Alek Valero (Loop Capital Markets): Requested more detail on the role of 3D printing in AI infrastructure. Graves discussed three areas: semiconductor manufacturing equipment, data center cooling via copper printing, and energy generation components. In future quarters, the StockStory team will be watching (1) whether cost savings initiatives translate into sustainable profitability at current revenue levels, (2) adoption and commercial traction of new metal and polymer printing platforms—particularly in healthcare and industrial applications, and (3) stabilization in dental materials demand as major customers adjust their inventory strategies. Execution on these fronts will be key to 3D Systems' ability to navigate ongoing market uncertainty. 3D Systems currently trades at $1.72, down from $2.58 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
