2 Software Stocks in Focus After Earnings
Schaeffers Investment Research· 2024-11-27 23:45
Workday Inc (NASDAQ:WDAY) and Autodesk Inc (NASDAQ:ADSK) are fresh out of the earnings confessional. Both software companies beat third-quarter earnings and revenue expectations, but their fiscal fourth-quarter guidance came in below estimates. The latter also revealed Janesh Moorjani will take over as its chief financial officer, effective Dec. 16.WDAY was last seen 9.1% lower to trade at $245.51, on track for its worst single-day percentage loss since May, as well as its third loss in the last four sessi ...
Autodesk Stock Sinks as Solid Results Offset by CFO Change
Investopedia· 2024-11-27 23:41
Key TakeawaysAutodesk reported better-than-expected adjusted profit and sales, but shares fell as the design software maker announced a CFO change.Interim CFO Betsy Rafael will be replaced by Janesh Moorjani at the end of the fiscal year.Rafael moved into the post in May following an audit committee report about the company's accounting practices. Autodesk (ADSK) shares fell 6% Wednesday, a day after the design software maker's solid results were overshadowed by questions about the effect of a Chief Financi ...
Guidewire Stock Surges 88% Year to Date: Is It Still a Buy?
ZACKS· 2024-11-27 23:40
Guidewire Software’s (GWRE) shares have been performing well on the trading front with a gain of 87.5% year to date (“YTD”) compared with the S&P 500 composite and the sub-industry’s growth of 26.5% and 24%, respectively.YTD Price PerformanceImage Source: Zacks Investment ResearchGuidewire is a provider of software solutions for P&C insurers. Its cloud platform boasts a trusted infrastructure with modular and interconnected cloud services to aid insurers in upgrading their core operations. The platform also ...
Here's Why Investors Should Retain Ryder Stock Right Now
ZACKS· 2024-11-27 23:40
Ryder’s (R) top line is bolstered by its recent acquisitions of Cardinal and IFS, boosting the company’s performance. The shareholder-friendly approach is encouraging. However, R is grappling with weak liquidity and escalated operating expenses.Factors Favoring RRyder's long-standing commitment to sustainability through initiatives like fleet upgrades, reducing truck idling, and improving route efficiency is commendable. A SmartWay partner since 2006, Ryder has earned the Excellence Award six times, demonst ...
New Alliances to Support STERIS Stock Despite Macro Issues
ZACKS· 2024-11-27 23:40
STERIS (STE) continues to gain from a strong rebound in procedure volumes in the United States within the Healthcare business. New acquisitions and partnerships should strengthen its product offerings. Yet macroeconomic challenges continue to dampen growth. The stock carries a Zacks Rank #3 (Hold) currently.Factors Driving STERIS' GrowthSTERIS’ Healthcare segment is gaining from the successful market adoption of its comprehensive offerings, including infection prevention consumables and capital equipment. F ...
Are Basic Materials Stocks Lagging Coeur Mining (CDE) This Year?
ZACKS· 2024-11-27 23:40
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Coeur Mining (CDE) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Coeur Mining is a member of the Basic Materials sector. This group includes 233 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank includes 16 different gro ...
Here's Why Conmed (CNMD) is a Strong Value Stock
ZACKS· 2024-11-27 23:40
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores a ...
Are Investors Undervaluing SunCoke Energy (SXC) Right Now?
ZACKS· 2024-11-27 23:40
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional va ...
Should Value Investors Buy Matthews International (MATW) Stock?
ZACKS· 2024-11-27 23:40
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...
Is CarMax (KMX) Stock Undervalued Right Now?
ZACKS· 2024-11-27 23:40
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the ...