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Circle Internet Group stock falls after first downgrade
Circle Internet Group stock falls after first downgrade

Yahoo

timea day ago

  • Business
  • Yahoo

Circle Internet Group stock falls after first downgrade

-- Circle Internet Group (NYSE:CRCL) stock declined over 3% Tuesday after receiving its first downgrade since its June IPO, with shares that initially priced at $31 now trading above $200. Compass Point analyst Ed Engel downgraded CRCL from Neutral to Sell with a price target of $130, down from $205, citing concerns about the company's long-term economics relative to its $53 billion valuation. The downgrade comes after U.S. stablecoin legislation passed last week. "We still believe USDC can be an integral part of the financial system; however, we're more cautious towards CRCL's long-term economics than its $53bn valuation implies," Engel wrote in his note to investors. The analyst expects Circle to expand its distribution network in coming months while sharing a greater percentage of interest income. He also anticipates traditional banks and fintech companies will announce competing stablecoin products in the second half of 2025, potentially pressuring CRCL's premium valuation. According to Engel, CRCL's current market capitalization implies expectations of approximately 25% market share and 30% EBITDA margins long-term. His reduced price target assumes 15% long-term market share and 20% EBITDA margins, representing a 60x multiple on 2026 estimated EBITDA versus the current 106x. The analyst also pointed to crypto's history of "sell the news" events, suggesting CRCL may retrace some of its recent rally following the GENIUS Act being signed into law on July 18. At least three analysts now rate the stock as a sell, including JP Morgan, which maintains an $80 price target on CRCL. Related articles Circle Internet Group stock falls after first downgrade Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett After soaring 149%, this stock is back in our AI's favor - & already +25% in July 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

2025 Generali Open: Seyboth Wild [133rd] vs. Engel [228th] Prediction, Odds and Match Preview
2025 Generali Open: Seyboth Wild [133rd] vs. Engel [228th] Prediction, Odds and Match Preview

USA Today

time4 days ago

  • Sport
  • USA Today

2025 Generali Open: Seyboth Wild [133rd] vs. Engel [228th] Prediction, Odds and Match Preview

In the Generali Open Round of 32 on Monday, we have a matchup featuring No. 228-ranked Justin Engel versus No. 133 Thiago Seyboth Wild. Seyboth Wild is the favorite (-200) in this match compared to the underdog Engel (+154). Tennis odds courtesy of BetMGM Sportsbook. Odds updated Saturday at 2:35 PM ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Thiago Seyboth Wild vs. Justin Engel matchup info Watch the Tennis Channel and more sports on Fubo! Seyboth Wild vs. Engel Prediction Based on the implied probility from the moneyline, Seyboth Wild has a 66.7% to win. Seyboth Wild vs. Engel Betting Odds Seyboth Wild vs. Engel matchup performance & stats

Dor Engel: A Trade Show Strategy Expert Helping Businesses Stand Out with Engaging Booth Experiences
Dor Engel: A Trade Show Strategy Expert Helping Businesses Stand Out with Engaging Booth Experiences

Int'l Business Times

time27-06-2025

  • Business
  • Int'l Business Times

Dor Engel: A Trade Show Strategy Expert Helping Businesses Stand Out with Engaging Booth Experiences

Trade shows are typically seen as a high-hope area for tech companies seeking to scale, launch, or gain critical exposure in a crowded market. The promise is alluring. Imagine thousands of industry professionals walking the show floor, scouting for innovation, comparing solutions, and making decisions with real budget authority. The potential return from just one meaningful connection can justify the cost of attending, at least in theory. Dor Engel , a trade show strategy expert, states that the reality is different. Companies can spend tens of thousands just for the floor space. That doesn't even include booth design, logistics, staffing, travel, branded giveaways, or the time investment from the sales and marketing teams. "By the time the booth goes up, companies can already be hundreds of thousands of dollars in. That means every lead that comes through that space carries a high price tag, sometimes hundreds of dollars per contact," Engel says. Yet, despite the high stakes, the majority of companies continue to rely on the same cookie-cutter strategies. "They arrive with a sleek booth, some colorful swag, a canned demo, and a gaming console raffle, hoping that foot traffic does the rest," adds Engel. Dor Engel at Google Cloud Day. Tel Aviv 2024 This is the paradox of trade shows. Companies keep investing because they believe the leads are high quality. In reality, not all visitors to a trade show floor are invested; many show up to the shows to engage in raffles, see new tech, and have an interesting day out of work. Those who do have the purchasing power are the crowd who don't usually engage. Engel emphasizes that trade shows are worth it, but only when the engagement strategy works. Engel rethinks the booth as a living, breathing experience. He understands that a trade show isn't just a marketing checkpoint. It's the brand's story being compressed into 60 seconds or less. Engel has a background in cybersecurity and over seven years of experience in the tech industry. He understands complex software and enterprise systems in depth. Speaking the language, acronyms, and architecture, he's a rare asset in the field. Interestingly, Engel didn't hone this expertise through traditional sales or marketing. His roots are in live, interactive, and engaging performances. A professional entertainer by training, he spent years mastering the art of holding attention, commanding a crowd, and delivering complex messages with clarity, humor, and surprise. "I immerse myself in the product. I dissect it until I understand what it does and why it matters," he shares. Essentially, Engel crafts narratives tailored to the brand and customized for the audience, combining storytelling, magic, mentalism, and live crowd work without compromising the technical substance. This unusual fusion of technical fluency and performance artistry defines Engel's approach to trade shows. He doesn't just support tech companies at events. Instead, he becomes the living face of the booth. Moreover, Engel can converse with potential leads about the product, as opposed to only memorizing a script or repeating a rehearsed pitch. What's the result? A booth that buzzes. Attendees who usually just glance and move on stop, listen, laugh, and ask questions. Most importantly, they remember. While Engel is performing, he's also doing something else most companies overlook: real-time lead qualification. Through clever interactive prompts, he identifies who in the audience actually holds purchasing power, who fits the ICP (ideal customer profile), and who is simply there for the show. This approach saves the sales team time and effort, allowing them to follow up with high-intent leads the moment the performance ends. Dor Engel at AWS Summit. Tel Aviv 2025 Engel sees every detail as an opportunity to maximize impact. For instance, his giveaways serve as conversation starters designed to travel back into offices and keep the brand top-of-mind. He collaborates with marketing teams before the event, advising on booth architecture, branding, messaging, and pre-show team briefings. Post-event, Engel delivers detailed breakdowns of what worked and what could be improved. Every piece of the experience is crafted to slash lead costs by increasing meaningful engagement. The impact of Engel's approach can be seen in multiple conferences. He was invited to recent tech summits in Tel Aviv, such as the major industry events attended by top-tier cloud infrastructure providers. Organizations seek his service as they see him as a strategic partner who can move between marketing and product, entertainment and education, lead generation, and qualification. After building a strong foundation in Israel's tech scene, Engel is now expanding his presence to the United States market, where the scale and competitiveness of trade shows present more opportunities for transformation. His focus remains on B2B SaaS companies. However, Engel's approach is versatile enough to translate across industries, from cybersecurity and cloud platforms to emerging tech and beyond. For companies tired of paying premiums for average results, Dor Engel offers a way to turn the trade show booth into a magnet, the presentation into a memory, and the show into a pipeline accelerator.

5 Revealing Analyst Questions From WESCO's Q1 Earnings Call
5 Revealing Analyst Questions From WESCO's Q1 Earnings Call

Yahoo

time26-06-2025

  • Business
  • Yahoo

5 Revealing Analyst Questions From WESCO's Q1 Earnings Call

WESCO's first quarter results came in with revenue above Wall Street's expectations, but non-GAAP earnings per share fell short of analyst forecasts. Management pointed to robust demand in the data center segment, which saw a 70% year-over-year increase, as a primary growth driver. High single-digit gains in the OEM and broadband businesses also contributed, while continued weakness in the utility segment—driven by customer inventory destocking—acted as a drag. CEO John Engel highlighted ongoing operational improvements and a stable gross margin, noting, 'Gross margin was relatively stable on a sequential basis versus the fourth quarter and improved sequentially in CSS also as we expected.' Is now the time to buy WCC? Find out in our full research report (it's free). Revenue: $5.34 billion vs analyst estimates of $5.25 billion (flat year on year, 1.8% beat) Adjusted EPS: $2.21 vs analyst expectations of $2.32 (4.7% miss) Adjusted EBITDA: $310.7 million vs analyst estimates of $323 million (5.8% margin, 3.8% miss) Operating Margin: 4.5%, in line with the same quarter last year Organic Revenue rose 5.6% year on year (-3.2% in the same quarter last year) Market Capitalization: $8.89 billion 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. Stephen Volkmann (Jefferies) asked whether tariff-related price increases are included in guidance; CFO Dave Schulz clarified that these are not yet reflected due to a typical two-quarter delay before impacting revenue. Nigel Coe (Wolfe Research) pressed for details on supplier price increases and surcharges; CEO John Engel explained recent increases are more pronounced in Q2 and vary by supplier, with WESCO generally seeking to incorporate surcharges into overall price increases for transparency. Deane Dray (RBC Capital Markets) questioned the sustainability of data center growth and mix of products versus services; Engel described expanding scope of supply and integration of acquisitions, noting strong customer demand and growing backlog. Sam Darkatsh (Raymond James) asked if prospective pricing impacts are uniform across business units; Engel and Schulz responded that price increases are more concentrated in EES and utility, while CSS sees less pricing benefit due to differing supplier bases. Patrick Baumann (JPMorgan) inquired about margin expectations and performance in Canada; Schulz indicated gross margin is expected to decline versus last year, while Engel reported strong Canadian results and market share gains across all verticals. Going forward, the StockStory team will be monitoring (1) the pace and profitability of data center growth, including how well WESCO converts backlog into revenue, (2) the effects of tariff-driven price increases on demand and gross margin, and (3) progress on utility segment recovery as customers finish destocking and project activity returns. Execution on supply chain adjustments and margin management will also be important signposts. WESCO currently trades at $182.13, up from $162.57 just before the earnings. At this price, is it a buy or sell? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio 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

ExpressVPN reasserts its privacy claims with third no-logs audit
ExpressVPN reasserts its privacy claims with third no-logs audit

Tom's Guide

time26-06-2025

  • Business
  • Tom's Guide

ExpressVPN reasserts its privacy claims with third no-logs audit

ExpressVPN has completed a third audit of its no-logs policy and TrustedServer system. The provider, one of the best VPNs, is known for its privacy credentials and these were proven in this audit. KPMG LLP examined ExpressVPN's privacy policy and TrustedServer technology and "reasonable assurance" was provided that ExpressVPN does not collect activity or connection logs. A verified no-logs policy is a must-have for the most private VPNs and Windscribe's recent court case proved just how important they are. ExpressVPN says its "technology is engineered so that activity logs and connection logs are never retained." KPMG assessed these claims by examining ExpressVPN's TrustedServer technology and its privacy policy. The assessment was conducted under the globally recognized International Standards on Assurance Engagements (ISAE) (UK) 3000 Type 1. TrustedServer's design means it prevents log collection. No-logging is built into the technology and the process is constantly reviewed. The servers regularly reboot, and any accumulated data is forgotten. KPMG confirmed that no personally identifiable information, such as a user's IP address, is logged on the server, or exported from the server in any way. The firm provided "reasonable assurance" that TrustedServer "does not collect logs of users' activity, including no logging of browsing history, traffic destination, data content, DNS queries, or specific connection logs." No issues were identified. KPMG confirmed the results aligned with ExpressVPN's no-logs policy and users were protected. These claims were true as of 28 February 2025 and KPMG's full assessment report is available to read. ExpressVPN says it makes continuous efforts to validate its privacy promises and regular independent audits are essential for this. "Independent assurance isn't just a checkbox for us – it's fundamental in our efforts towards trust and transparency," said Aaron Engel, Chief Information Security Officer at ExpressVPN. "Having KPMG evaluate our technologies and assess our privacy protections again demonstrates our unwavering commitment to maintaining the highest standards of user privacy protection." Engel added that "by subjecting our systems to rigorous third-party scrutiny, we're not just verifying our current protections – we're establishing a standard for accountability that we hope will raise the bar across the entire VPN industry." ExpressVPN has published 23 third-party audits and it recently commissioned two assessments of its Lightway protocol. Lightway has been remade in Rust to make it even faster and more secure. Cure53 and Praetorian completed the assessments and positive results were found – low-risk findings were immediately addressed by ExpressVPN. The Lightway protocol also fully supports post-quantum encryption, meaning ExpressVPN users can protect their devices with the highest standards of security. We test and review VPN services in the context of legal recreational uses. For example: 1. Accessing a service from another country (subject to the terms and conditions of that service). 2. Protecting your online security and strengthening your online privacy when abroad. We do not support or condone the illegal or malicious use of VPN services. Consuming pirated content that is paid-for is neither endorsed nor approved by Future Publishing.

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