Wiz hopes to hit $1B in ARR in 2025 before an IPO, after turning down Google's $23B
Wiz co-founder and VP of R&D Roy Reznik told CNBC last week that the company has hit $500 million in annual recurring revenue, and plans to double that in 2025 to $1 billion. He also reiterated that the $1 billion-mark is a prerequisite for the IPO that Wiz promised employees when it walked away from acquisition talks with Google last summer at a $23 billion price tag.
Key Factors to Know Ahead of ARMOUR Residential REIT's Q3 Earnings
ARR's third-quarter 2024 results are likely to reflect the impacts of high funding costs. High prepayment speed is expected to have supported.
AI cloud firm Nebius Group expects up to $1 bln in ARR in 2025
AI infrastructure firm Nebius Group expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension.
All You Need to Know About Armour Residential REIT (ARR) Rating Upgrade to Buy
Armour Residential REIT (ARR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Armour Residential Preferred C: On The Path To Par
The Fed's rate cuts and economic data suggest a favorable environment for high-yield REIT preferred stocks like Armour Residential REIT 7.0% Series C Preferred. ARR.PR.C offers a 7.5% yield and potential capital appreciation, making it attractive in a declining yield environment. Money market funds' massive balances may shift to riskier options like REIT preferreds if yields drop, boosting demand and prices.
7.72% Preferred Share From Armour Residential
ARR-C preferred shares offer a low-risk investment with a fixed-rate and monthly dividends, making them suitable for buy-and-hold investors. The current price is slightly high, but the strong common equity to preferred liquidation ratio provides additional security. With a stripped yield of 7.72%, ARR-C is a solid option if interest rates decline, though not a buy at current prices.
Rubrik: Riding the AI Wave in the Cybersecurity Boom
Rubrik Inc. NYSE: RBRK is a leading cybersecurity company specializing in data protection and recovery, and it is quickly becoming a key player in the rapidly expanding cybersecurity sector. Since its initial public offering (IPO) in April, Rubrik has demonstrated strong financial performance, highlighted by significant growth in Subscription Annual Recurring Revenue (ARR) and cloud ARR.
Rubrik: Lots To Love
Rubrik has demonstrated strong growth, with subscription ARR up 40% and total revenue increasing 35% year-over-year, despite trading near IPO lows. The company benefits from heightened demand for cyber resilience, highlighted by the recent CrowdStrike outage, which underscores the need for robust data recovery systems. With a market cap of $5.6 billion and ARR forecasted to top $1 billion, Rubrik's stock is an attractive buy at 5x forward EV/S targets.
Armour Residential: Backing Out Before Prepayment Risk Emerges (Downgrade)
Armour Residential REIT Inc.'s year-to-date performance is commendable, but lower mortgage rates have introduced headwinds. Lower mortgage rates may lead to higher prepayment rates, lower asset valuations, and enhanced systematic risk. The REIT can mitigate risks by shorting pay-fixed swaps. However, I'm unsure to what extent a better liability-level structure will protect Armour Residential's assets from lower mortgage rates.
ARMOUR Residential: Book Value To Rise As Mortgage Spreads Decline (Rating Upgrade)
From late 2020 to last year, I had a bearish outlook on most agency MBS mortgage REITs, given their leveraged exposure to devaluing assets. The spread between mortgage and Treasury rates appears to have peaked, with a significant decline potentially around the corner. Should a recession cause the Federal Reserve to end its MBS selling pattern or renew its MBS QE program, mortgage spreads may fall by 1-2% back to normal.
Best Income Stocks to Buy for August 6th
ARR, SOI and KBH made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 6, 2024.
Armour Residential REIT (ARR) Beats Q2 Earnings Estimates
Armour Residential REIT (ARR) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.15 per share a year ago.
