In today’s briefing:
- Who Is Lina Khan? Why Should Investors Bother?
- Tesla Cuts Prices of Top Models After Deliveries Fall
- RingCentral Inc: How $330 Million ARR is Changing the UCaaS + CCaaS Game! – Major Drivers
- Plug Power Inc.: Unveiling Powerful Partnerships Yielding Extraordinary Results! – Major Drivers
- Digital Turbine Inc.: Partnership Expansion Alert! New Deals with Google Cloud & SADA! – Major Drivers
- Levi Strauss & Co.: Defying Odds with Double-Digit Growth in Direct-to-Consumer Business! – Major Drivers
- Sunrun Inc.: Rising Solar Giant With A Thriving Subscription Model! – Major Drivers
- Lumentum Holdings Inc.: The Game-Changing Role of VCSELs in Tomorrow’s AI & ML Technologies! – Major Drivers
- FedEx Corporation: Navigating Through Demand Fluctuations! – Major Drivers
- Broadridge Financial Solutions: Unveiling Fiscal 2024 Predictions – Organic Growth & More! – Major Drivers
Who Is Lina Khan? Why Should Investors Bother?
- If you’re an investor in any firm with some form of dominance in US markets, then you need to know who Ms Lina Khan is.
- Corporate misbehavior is a topic of her interest. She shows zero tolerance towards large corporations who wield outsized market power.
- FTC along with 17 US states filed a lawsuit against Amazon for illegally maintaining monopoly power. How will Amazon be impacted?
Tesla Cuts Prices of Top Models After Deliveries Fall
- Tesla Inc. will have to sell a record number of cars in the fourth quarter to reach its goal for the year after third-quarter deliveries declined.
- The electric-car maker produced 430,488 vehicles in the third quarter, down 10% from the second, and delivered 435,059 units, down 6.7%, Tesla said Monday.
- The drop in deliveries resulted from production stoppages at its factory in Fremont, California. Tesla CEO Elon Musk said in July that production facilities would be closed at various times in the third quarter to perform plant upgrades.
RingCentral Inc: How $330 Million ARR is Changing the UCaaS + CCaaS Game! – Major Drivers
- RingCentral Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.
- The profit increase also resulted in another quarter of significant free cash flow.
- Revenue from subscriptions increased 11% year over year to $514 million.
Plug Power Inc.: Unveiling Powerful Partnerships Yielding Extraordinary Results! – Major Drivers
- Plug Power Inc. delivered a mixed set of results for the quarter, with revenues above the analyst consensus.
- Plug’s second quarter results show significant growth in a number of its recently introduced goods, especially in its cryogenic industry, which generated $69 million in revenue in the quarter, more than a threefold increase over the same period last year.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Digital Turbine Inc.: Partnership Expansion Alert! New Deals with Google Cloud & SADA! – Major Drivers
- Digital Turbine, Inc. delivered mixed results for the previous quarter, with revenues above the analyst consensus.
- With $146.4 million in revenue, $27 million in EBITDA, and non-GAAP earnings per share of $0.18, the company demonstrated significant improvement compared to the previous quarter.
- Continuing the multi-year partnership will enhance Digital Turbine’s rate of innovation and expand its scale to a greater extent.
Levi Strauss & Co.: Defying Odds with Double-Digit Growth in Direct-to-Consumer Business! – Major Drivers
- Levi Strauss & Co. delivered a mixed set of results for the quarter, with revenues well below analyst expectations but managed earnings beat.
- Despite facing headwinds, reported revenues remained steady compared to the previous year and decreased by 2% on a constant currency basis.
- Their Brands segment, consisting of Dockers and Beyond Yoga, is performing impressively, generating nearly $0.5 billion in annual revenue.
Sunrun Inc.: Rising Solar Giant With A Thriving Subscription Model! – Major Drivers
- Sunrun Inc. delivered mixed results in the quarter, with revenues below analysts’ anticipations but above-par earnings.
- In Q2, Sunrun added more than 100 megawatt hours of storage capacity, up 35% over the same quarter last year.
- With a net subscriber value of $12,321 in the quarter, subscriber value was roughly 44,700, and creation cost was approximately $32,400.
Lumentum Holdings Inc.: The Game-Changing Role of VCSELs in Tomorrow’s AI & ML Technologies! – Major Drivers
- Lumentum Holdings Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.
- Despite inventory challenges in the second half of fiscal year ’23, the company achieved a 3% increase in full-year revenue from fiscal year ’22.
- While fiscal 2024 3D sensing revenue is projected to be lower than fiscal ’23 due to market dynamics and competition, the company achieved sequential growth in Commercial lasers revenue, driven by applications in solar cell processing.
FedEx Corporation: Navigating Through Demand Fluctuations! – Major Drivers
- FedEx Corporation delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.
- The company’s transformation efforts are already reaping the rewards, notably in the Ground segment, which saw increased revenue due to higher yields and exceptional operational performance.
- The transformative DRIVE initiative is progressing as planned, with substantial cost reductions achieved across the network.
Broadridge Financial Solutions: Unveiling Fiscal 2024 Predictions – Organic Growth & More! – Major Drivers
- Broadridge delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations, but managed an earnings beat.
- The company reported an 8% growth in recurring revenue, with impressive earnings growth of 21%.
- The company’s guidance for fiscal ’24 predicts organic recurring revenue growth of 6% to 9%, adjusted EPS growth of 8% to 12%, and an approximate 100% free cash flow conversion.
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