Latest news with #CantorFitzgerald
Yahoo
12 hours ago
- Business
- Yahoo
Why Centene (CNC) Stock Is Down Today
What Happened? Shares of health coverage company Centene (NYSE:CNC) fell 3% in the morning session after the company was downgraded by Cantor Fitzgerald, which also lowered its price target on the stock. The downgrade from Cantor Fitzgerald analyst Sarah James added to a period of negative sentiment surrounding the health insurer. The negative outlook stemmed from Centene's recent withdrawal of its 2025 financial guidance. The company pulled its forecast after an independent report revealed that its Affordable Care Act (ACA) marketplace plans had slower-than-expected membership growth and higher-than-anticipated morbidity, which is the rate of disease or illness. This resulted in a significant $1.8 billion downward revision in expected revenue. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Centene? Access our full analysis report here, it's free. What Is The Market Telling Us Centene's shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 3 days ago when the stock gained 5.9% on the news that the company reported second-quarter results that missed earnings estimates, but the stock rallied as investors looked past the disappointment. Centene posted its first quarterly earnings miss in four years, swinging to an adjusted loss per share of $0.16, a stark contrast to the profit recorded in the same quarter last year. The company also set its 2025 earnings guidance significantly below analyst expectations, citing worse-than-expected cost trends in its Affordable Care Act (ACA) Marketplace business. Despite the profitability issues, total revenues for the quarter came in strong at $48.7 billion, handily beating expectations. While the stock initially dropped sharply in pre-market trading on the earnings miss, it reversed course and rallied during the company's earnings call. This turnaround suggested investors may have gained confidence from management's commentary and their stated plan to address the cost issues and restore profitability. Centene is down 54.4% since the beginning of the year, and at $27.59 per share, it is trading 65.6% below its 52-week high of $80.23 from September 2024. Investors who bought $1,000 worth of Centene's shares 5 years ago would now be looking at an investment worth $429.47. 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
NDTV
14 hours ago
- Business
- NDTV
Global Brokerage Firm Recommends Buying Adani Ports Stocks, Sets Target At...
Global financial company Cantor Fitzgerald has started tracking and giving investment advice on Adani Ports and Special Economic Zone Ltd (ADSEZ). The brokerage firm has given it an "Overweight" rating, which means it recommends buying the stock. It believes the share price could reach Rs 1,780 within the next 12 months. Adani Ports has grown three times faster than the rest of the port industry over the last 10 years. Cantor called the company a "one-stop bet on India's growth." Today, Adani Ports handles 27% of all cargo in India and 45.5% of all container traffic, making it the largest private port and logistics company in the country. Cantor also praised the leadership of Chairman Gautam Adani and CEO Ashwani Gupta. Mr Gupta has worked with global companies like Nissan, Mitsubishi, and Renault, and Cantor believes his experience will help Adani Ports grow further. The company is also expanding to other countries like Israel, Tanzania, Sri Lanka, and Australia. By 2030, 15% of its cargo could come from outside India. Cantor Fitzgerald expects Adani Ports' revenue, profit (EBITDA), and cash flow to grow by around 13-17% (called "mid-teens") each year until 2029. They also say this prediction makes sense because the company has already proven itself; in the last five years, its income, profit, and cash flow have been growing steadily at about 20% per year on average. The report said, "India's underpenetrated trade infrastructure, combined with ADSEZ's integrated shore-to-door model and strategic partnerships, creates a formidable competitive moat." In simple terms, this means the company has a strong system and partnerships that give it an advantage over others. Cantor also said that future gains could come from a US-India trade deal, stronger business performance in FY26, and even special dividends in FY27. Cantor Fitzgerald has shared a preview of Adani Ports' first-quarter FY26 earnings, set to be announced on August 5. As per recently released volume data, the company handled 120.6 million metric tonnes (MMT) of domestic cargo, reflecting an 11% year-on-year increase, driven mainly by a 19% growth in container volumes.
Yahoo
3 days ago
- Business
- Yahoo
Cantor Reaffirms Buy on Snowflake (SNOW), Cites Strong Summit and Growth Outlook
Snowflake Inc. (NYSE:SNOW) ranks among the . Cantor Fitzgerald reaffirmed its Overweight rating and $242 price target for Snowflake Inc. (NYSE:SNOW) on June 9. Cantor's Thomas Blakey emphasized the company's solid positioning after the Snowflake Summit 2025 in San Francisco. At the event, Snowflake Inc. (NYSE:SNOW) demonstrated its significance in enterprise data stacks. Although the effects of AI now appear to be minor, discussions have raised the possibility of short-term adjustments. One strategic step to expand Snowflake's product line is the acquisition of Crunchy Data, a PostgreSQL-focused business. Snowflake's go-to-market approach, which now seems more targeted, also impressed analysts. The company's shares seem to be valued at a premium due to its ongoing pace in growing its core cloud data warehouse and its potential in additional product areas, which are still in their infancy. Snowflake Inc. (NYSE:SNOW) is an American cloud-based data storage company that operates a platform built on Amazon Web Services, Microsoft Azure, and Google Cloud. It also provides Snowflake Cortex with a set of AI capabilities that employ large language models to analyze unstructured data. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. 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
Globe and Mail
4 days ago
- Business
- Globe and Mail
BitMine Expands Equity Offering to $4.5 Billion
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. BitMine Immersion Technologies ( (BMNR)) has shared an announcement. On July 9, 2025, BitMine Immersion Technologies entered into a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and ThinkEquity LLC to sell shares of its common stock through an at-the-market offering. The company increased the potential sale amount to $4.5 billion on July 24, 2025, indicating a significant expansion in their fundraising efforts. The most recent analyst rating on (BMNR) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on BitMine Immersion Technologies stock, see the BMNR Stock Forecast page. More about BitMine Immersion Technologies BitMine Immersion Technologies operates in the technology industry, focusing on offering solutions related to the sale of common stock through market offerings. Average Trading Volume: 8,900,789 Technical Sentiment Signal: Buy Current Market Cap: $2.03B For detailed information about BMNR stock, go to TipRanks' Stock Analysis page. Disclaimer & Disclosure Report an Issue
Yahoo
4 days ago
- Automotive
- Yahoo
Tesla's (TSLA) Robotaxi Vision Could Drive Scalable Revenue, Says Analyst
Tesla, Inc. (NASDAQ:) is one of the . On July 21, Cantor Fitzgerald analyst Andres Sheppard reiterated an 'Overweight' rating on the stock with a $355.00 price target. The firm is positive on the stock, particularly owing to its potential in the autonomous vehicle market. 'Overall, we continue see Tesla's Robotaxi segment as a software-as-a-service, high-margin model, and we expect TSLA to have the ability to rapidly scale following commercialization. We continue to believe that TSLA will capture a significant share of the autonomous driving and ride-sharing industries.' Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. 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
