Shares of research and advisory firm Gartner (NYSE:IT) fell 27.3% in the morning session after the company lowered its full-year revenue forecast, which overshadowed a better-than-expected second-quarter earnings report. The company trimmed its full-year revenue projection to at least $6.45 billion, down from a previous forecast of around $6.54 billion. This revised outlook fell short of analyst expectations. While Gartner's second-quarter revenue of $1.69 billion and adjusted earnings per share of $3.53 both beat estimates, investors focused on the disappointing guidance for the remainder of the year. The firm also guided its full-year adjusted profit to $11.75 per share, which was below the market's consensus estimate.
The Caviar Cruise strategy identifies high-quality stocks like Accenture (ACN) with steady growth, strong ROIC, low debt, and reliable cash flow—ideal for long-term investors.
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential.
However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
Microsoft (NASDAQ: MSFT) stands as a titan of the technology world, a company whose innovations have profoundly shaped the digital landscape and permeated nearly every aspect of modern life. From its humble beginnings developing programming languages to its current status as a diversified technology conglomerate, Microsoft has consistently been at
Digital infrastructure provider Applied Digital (NASDAQ:APLD) will be announcing earnings results this Wednesday after market hours. Here’s what to expect.
