Latest news with #investoroptimism
Yahoo
6 days ago
- Business
- Yahoo
TEGNA (TGNA) Stock Trades Up, Here Is Why
What Happened? Shares of broadcasting and digital media company TEGNA (NYSE:TGNA) jumped 3.4% in the afternoon session after the United States and Japan reached a new trade agreement. The television broadcasting company's stock rose in the absence of any specific company news or press releases. Instead, the upward move appeared tied to positive sentiment across the wider market. Investor optimism was fueled by the announcement of a new trade deal between the U.S. and Japan, which spurred a rally across major U.S. equity indexes, including the S&P 500 and the Dow Jones Industrial Average. This favorable macroeconomic backdrop often lifts individual stocks as overall market risk appetite increases. After the initial pop the shares cooled down to $17.20, up 3.3% from previous close. Is now the time to buy TEGNA? Access our full analysis report here, it's free. What Is The Market Telling Us TEGNA's shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. TEGNA is down 8.4% since the beginning of the year, and at $17.20 per share, it is trading 11% below its 52-week high of $19.32 from November 2024. Investors who bought $1,000 worth of TEGNA's shares 5 years ago would now be looking at an investment worth $1,469. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. 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
22-07-2025
- Business
- Yahoo
Why Is Medpace (MEDP) Stock Rocketing Higher Today
What Happened? Shares of clinical research company Medpace Holdings (NASDAQ:MEDP) jumped 49.3% in the morning session after the company reported strong second-quarter financial results and raised its full-year guidance. The company announced its second-quarter results, revealing revenue of $603.3 million, a 14.2% increase from the prior-year period. Earnings per share also grew, coming in at $3.10. Following the strong performance, Medpace raised its full-year 2025 revenue forecast to a range of $2.42 billion to $2.52 billion. It also increased its earnings per share guidance for the year to a range of $13.76 to $14.53. This positive outlook, which surpassed previous forecasts, appeared to fuel significant investor optimism. Medpace, which provides services for all phases of clinical drug development, was scheduled to host a conference call to discuss the results. Is now the time to buy Medpace? Access our full analysis report here, it's free. What Is The Market Telling Us Medpace's shares are quite volatile and have had 17 moves greater than 5% over the last year. But moves this big are rare even for Medpace and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 3 months ago when the stock dropped 11.2% on the news that the company reported first-quarter 2025 earnings with high expectations heading into the quarter, dampening the otherwise decent results. A key concern was the 19% decline in net new bookings. Also, the drop in the book-to-bill ratio to 0.90x further suggested future bookings were slowing, which might explain why investors didn't cheer louder. On a positive note, Medpace blew past analysts' organic revenue and EPS expectations and it lifted its full-year revenue guidance. Zooming out, we think this quarter featured some important positives. However, the market seemed to be hoping for more. Medpace is up 42.1% since the beginning of the year, and at $475.57 per share, has set a new 52-week high. Investors who bought $1,000 worth of Medpace's shares 5 years ago would now be looking at an investment worth $4,315. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
Reuters
22-07-2025
- Business
- Reuters
Avalara confidentially files for US IPO, eyes return to public markets
July 21 (Reuters) - Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 but was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. The filing underscores the broadening of the U.S. IPO market — from originally venture capital-backed deals focused on growth to private equity-backed offerings where the IPO acts as a catalyst for capital structure changes, said IPOX CEO Josef Schuster. In April, tax firm Andersen had also filed confidentially for a U.S. listing. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The Seattle-based company counts Adidas, Crocs (CROX.O), opens new tab and Reebok among its customers. Companies often file for IPOs confidentially to keep details about their financial and strategic plans private, while engaging with regulators and potential investors.
CNA
21-07-2025
- Business
- CNA
Avalara confidentially files for US IPO, eyes return to public markets
Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 but was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. The filing underscores the broadening of the U.S. IPO market — from originally venture capital-backed deals focused on growth to private equity-backed offerings where the IPO acts as a catalyst for capital structure changes, said IPOX CEO Josef Schuster. In April, tax firm Andersen had also filed confidentially for a U.S. listing. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The Seattle-based company counts Adidas, Crocs and Reebok among its customers.
Yahoo
21-07-2025
- Business
- Yahoo
Tax software company Avalara confidentially files for US IPO
(Reuters) -Tax software company Avalara disclosed on Monday it had confidentially filed for a U.S. initial public offering, as investor optimism for new listings grows. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 and was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The terms of the offering were not disclosed. 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
