In today’s briefing:
- PayPal Holdings Inc.: Can Stablecoin Become The Future of Digital Payments? – Major Drivers
- Qualcomm Incorporated: Collaboration With Sony & Other Major Developments
- IMMR: Gains Affirm Value
- Shopify Inc.: 5 Details Behind Their Improving Revenues! – Key Drivers
- Fidelity National Information Services Inc.: 3 Catalysts Behind Its Surprising Growth! – Financial Forecasts
- Cognizant Technology Solutions: Launch Of Cognizant Ocean & Other Major Drivers
- Small-Caps with Torque to Infrastructure Spending
PayPal Holdings Inc.: Can Stablecoin Become The Future of Digital Payments? – Major Drivers
- PayPal managed to surpass the revenue and earnings expectations of Wall Street.
- The company’s strategic priorities, including branded checkout, merchant solutions, and digital wallets, drive innovation and growth, supported by AI and data utilization investments.
- In addition, PayPal introduced the development of a stablecoin pegged to the U.S. dollar called PayPal USD.
Qualcomm Incorporated: Collaboration With Sony & Other Major Developments
- Qualcomm delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.
- Its chipset and licensing business’s strong performance supported the company’s revenues.
- Qualcomm’s success in delivering premium mobile experiences, advancing 5G adoption, and expanding its presence in areas like automotive and IoT underscores its commitment to innovation and market leadership.
IMMR: Gains Affirm Value
- IMMR reported second quarter results where the income from the Company’s securities portfolio led to earnings exceeding our expectations.
- IMMR’s revenue declined more than expected as softer unit volumes resulted in lower royalty revenue. We would expect a recovery in smartphone units to result in higher revenue in 2024
- The utilization of haptics within automobiles remains the most promising source of revenue growth for IMMR. The market is broadening to lower priced models
Shopify Inc.: 5 Details Behind Their Improving Revenues! – Key Drivers
- Shopify Inc. managed to exceed analyst expectations in terms of revenue as well as earnings with strong financial results.
- The company’s focus on improving the merchant experience, including pricing changes and innovative product offerings, contributed to strong top-line growth and attachment rates across the Merchant Solutions product suite.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Fidelity National Information Services Inc.: 3 Catalysts Behind Its Surprising Growth! – Financial Forecasts
- Fidelity National Information Services exceeded Wall Street’s revenue and earnings expectations in the last quarter.
- In the quarter, revenue, adjusted EBITDA, and adjusted EPS exceeded expectations, driven by strong execution across their three business divisions and a continued emphasis on expenditure restraint.
- Fidelity National Information is seeing strong traction, with increased penetration in atypical sectors like large corporates, insurance, and auto loan organizations.
Cognizant Technology Solutions: Launch Of Cognizant Ocean & Other Major Drivers
- Cognizant Technology Solutions managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.
- The company exceeded expectations in the second quarter for adjusted operating margins and revenue at the high end of its target range.
- We give Cognizant Technology Solutions Corporation a ‘Hold’ rating with a revised target price.
Small-Caps with Torque to Infrastructure Spending
- Due to decades of underinvestment, North American infrastructure has aged and deteriorated significantly to a point where governments are beginning to rapidly increase spending in the sector.
- The declining stability of the electrical grid as well as electrification trends only exacerbate the issues at hand.
- This report highlights five small-cap Canadian equities with torque to thematic trends in infrastructure spending.
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