- Autodesk (ADSK) Stock Falls Amid Market Uptick: What Investors Need to Know
May 11, 2026
In the latest close session, Autodesk (ADSK) was down 3.45% at $236.07. The stock trailed the S&P 500, which registered a daily gain of 0.19%. Elsewhere, the Dow gained 0.19%, while the tech-heavy Nasdaq added 0.1%.
Coming into today, shares of the design software company had gained 11.93% in the past month. In that same time, the Computer and Technology sector gained 19.09%, while the S&P 500 gained 9.13%.
The investment community will be paying close attention to the earnings performance of Autodesk in its upcoming release. The company is slated to reveal its earnings on May 28, 2026. The company's earnings per share (EPS) are projected to be $2.84, reflecting a 24.02% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.89 billion, up 16.02% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.38 per share and revenue of $8.15 billion, which would represent changes of +18.7% and +13.04%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Autodesk. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Autodesk is currently a Zacks Rank #3 (Hold).
Investors should also note Autodesk's current valuation metrics, including its Forward P/E ratio of 19.75. This indicates a premium in contrast to its industry's Forward P/E of 19.26.
We can additionally observe that ADSK currently boasts a PEG ratio of 1.22. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Internet - Software stocks are, on average, holding a PEG ratio of 1.07 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 33% of all industries, numbering over 250.
Story Continues
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Autodesk, Inc. (ADSK) : Free Stock Analysis Report
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- Autodesk (ADSK) Stock Falls Amid Market Uptick: What Investors Need to Know
May 11, 2026 · zacks.com
Autodesk (ADSK) reached $236.07 at the closing of the latest trading day, reflecting a -3.45% change compared to its last close.
- Is Autodesk (ADSK) Using Small-Business Flex Pricing To Quietly Redefine Its Competitive Moat?
May 9, 2026
Earlier this month, Autodesk Inc. launched “Autodesk for Small Business,” introducing a Small Business Hub, product refinements across AutoCAD, Revit, Fusion, and Flow Studio, plus more flexible Autodesk Flex token and pricing options in the US and UK. The initiative materially lowers onboarding complexity and upfront commitment for small firms, potentially broadening Autodesk’s customer base while giving these users a clearer feedback channel into future product development. Next, we’ll examine how Autodesk’s more flexible Flex token purchasing and small-business-focused offering reshape the company’s existing investment narrative.
Find 51 companies with promising cash flow potential yet trading below their fair value.
Autodesk Investment Narrative Recap
To own Autodesk, you have to believe its Design and Make platform can stay central to how AEC, manufacturing, and media firms run critical workflows, even as cheaper and open-source tools circle the edges. The biggest near term swing factor remains how customers adapt to Autodesk’s evolving transaction and usage models, while a key risk is faster moving AI competitors. The Autodesk for Small Business launch supports adoption at the smaller end of the market, but does not materially change these core issues in the short term.
Among recent announcements, the completed acquisition of Rhumbix stands out here. Rhumbix brings real time jobsite data into Autodesk’s construction stack, tying field activity more closely to financial and project controls. That tighter link reinforces Autodesk Construction Cloud as projects grow more complex, which matters for both the bullish catalyst of deeper cloud adoption and the risk that alternative, more agile construction platforms could sidestep Autodesk’s tools.
Yet, while these growth efforts are encouraging, investors also need to watch how much friction remains in Autodesk’s new transaction model and whether that slows...
Read the full narrative on Autodesk (it's free!)
Autodesk's narrative projects $10.0 billion revenue and $2.4 billion earnings by 2029. This requires 11.4% yearly revenue growth and about a $1.3 billion earnings increase from $1.1 billion today.
Uncover how Autodesk's forecasts yield a $325.55 fair value, a 30% upside to its current price.
Exploring Other PerspectivesADSK 1-Year Stock Price Chart
Compared with the consensus story, the most cautious analysts already assumed Autodesk’s earnings might need to climb to about US$2.4 billion by 2029, yet still see risks around slower cloud and AI monetization and customer pushback on usage based pricing, so this small business pivot could still shift how you weigh those more pessimistic expectations.
Story Continues
Explore 6 other fair value estimates on Autodesk - why the stock might be worth as much as 55% more than the current price!
Reach Your Own Conclusion
Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
A great starting point for your Autodesk research is our analysis highlighting 4 key rewards that could impact your investment decision. Our free Autodesk research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Autodesk's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ADSK.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Stocks Finish Higher on Solid Earnings and a Resilient Labor Market
May 8, 2026
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.35%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +2.37%.
Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks led the overall market higher on Friday, offsetting concerns about the Iran war. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks on Friday weighed on the Dow Jones Industrial Average.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks rallied on Friday despite a larger-than-expected decline in US consumer sentiment to a record low.
US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations.
US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y.
The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5.
The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%.
In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other military assets in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. The US is awaiting a response from Iran on a proposed deal to reopen the strait, and President Trump has threatened intense strikes if Iran refuses the deal.
WTI crude oil prices (CLM26) moved higher on Friday amid a report that Iran seized an oil tanker in the Strait of Hormuz for “violations.” Crude also has support from a report that said the US is looking to restart military operations as soon as next week to guide commercial ships through the Strait of Hormuz with naval and air support. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 6% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Friday, 83% of the 446 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled lower on Friday. The Euro Stoxx 50 closed down -1.02%. China's Shanghai Composite fell from a 2-month high and closed unchanged. Japan's Nikkei Stock Average closed down by -0.19%.
Interest Rates
June 10-year T-notes (ZNM6) on Friday closed up +7.5 ticks. The 10-year T-note yield fell -2.1 bp to 4.365%. T-notes moved higher on Friday amid an increase in safe-haven demand after Iran seized an oil tanker in the Strait of Hormuz and US forces attacked missile and drone launch sites in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. T-notes added to their gains on Friday after US consumer sentiment fell more than expected to a record low, and inflation expectations eased.
Friday’s US unemployment report was mixed for T-notes. Weaker-than-expected April hourly earnings suggested slack wage pressures and were supportive of T-notes. However, gains in T-notes were limited after April nonfarm payrolls rose more than expected.
European government bond yields are lower today. The 10-year German Bund yield rose +0.2 bp to 3.005%. The 10-year UK gilt yield fell to a 2-week low of 4.864% and finished down -3.6 bp to 4.912%.
German Mar industrial production unexpectedly fell by -0.7% m/m, weaker than expectations of a +0.4% m/m increase.
German trade news was better than expected, with Mar exports rising +0.5% m/m versus expectations of -1.5% m/m. Also, Mar imports rose +5.1% m/m, stronger than expectations of +0.5% m/m and the biggest increase in 2.75 years.
ECB Vice President Luis de Guindos said the most important determinant for interest rates at the ECB's June meeting will be "whether Hormuz is reopened or not."
ECB Executive Board member Isabel Schnabel said, "If the energy-price shock broadens, monetary policy will need to tighten to contain the risk of second-round effects threatening medium-term price stability."
ECB Governing Council member and Bundesbank President Joachim Nagel said the ECB is "highly vigilant" about rising inflation risks from the Iran war and will act as needed to prevent higher energy costs from spilling over into broader prices.
Swaps are discounting a 79% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks moved higher on Friday to lift the overall market. Sandisk (SNDK) closed up more than +15% to lead gainers in the Nasdaq 100, and Micron Technology (MU) closed up more than +14%. Also, Intel (INTC) closed up more than +13%, and Advanced Micro Devices (AMD) closed up more than +10%. In addition, Qualcomm (QCOM) closed up more than +8%, and Applied Materials (AMAT), KLA Corp (KLAC), and Marvell Technology (MRVL) closed up more than +5%. Finally, ASML Holding NV (ASML) closed up more than +4%, and Lam Research (LRCX), Broadcom (AVGO), and Western Digital (WDC) closed up more than +2%.
Mining stocks moved higher on Friday as gold, silver, and copper prices rallied. Anglogold Ashanti (AU) closed up more than +7%, and Southern Copper (SCCO) and Barrick Mining (B) closed up more than +3%. Also, Coeur Mining (CDE), Hecla Mining (HL), and Newmont Corp (NEM) closed up more than +2%, and Freeport McMoRan (FCX) closed up more than +1%.
Software stocks were on the defensive on Friday, limiting gains in the broader market. Salesforce (CRM), Autodesk (ADSK), Workday (WDAY), ServiceNow (NOW), and Intuit (INTU) closed down more than -2%. Also, Adobe (ADBE) and Microsoft (MSFT) closed down more than -1%.
Fluence Energy (FLNC) closed up more than +27% after Roth Capital Partners upgraded the stock to buy from neutral with a price target of $26.
Akamai Technologies (AKAM) closed up more than +26% to lead gainers in the S&P 500 after raising its full-year revenue forecast to $4.45 billion to $4.55 billion, the midpoint above the consensus of $4.47 billion, and announcing that an AI model provider had committed $1.8 billion over seven years for its Cloud Infrastructure Services.
Monster Beverage (MNST) closed up more than +13% after reporting Q1 net sales of $2.35 billion, better than the consensus of $2.15 billion.
Corpay (CPAY) closed up more than +12% after reporting Q1 revenue of $1.26 billion, above the consensus of $1.21 billion, and raising its full-year revenue estimate to $5.25 billion to $5.33 billion from a previous estimate of %5.22 billion to $5.32 billion.
Iren Ltd (IREN) closed up more than +8% after announcing that it signed a five-year $3.4 billion AI Cloud contract with Nvidia.
Block (XYZ) closed up more than +7% after reporting a Q1 adjusted EPS of 85 cents, stronger than the consensus of 67 cents, and raising its full-year profit forecast to $12.33 billion from a previous estimate of $12.20 billion, above the consensus of $12.15 billion.
Wendy’s (WEN) closed up more than +5% after reporting Q1 revenue of $540.6 million, stronger than the consensus of $517.7.
Cloudflare (NET) closed down more than -23% after it forecast Q2 revenue of $664 million to $665 million, below the consensus of $666.1 million.
HubSpot (HUBS) closed down more than -18% after forecasting Q2 revenue of $897 million to $898 million, weaker than the consensus of $899.4 million.
Mettler-Toledo International (MTD) closed down more than -14% to lead losers in the S&P 500 after forecasting Q2 adjusted EPS of $10.70 to $10.84, below the consensus of $10.94.
MercadoLibre (MELI) closed down more than -12% to lead losers in the Nasdaq 100 after reporting Q1 EPS of $8.23, weaker than the consensus of $8.51.
CoreWeave (CRWV) closed down more than -11% after reporting a Q1 loss per share of -$1.40, wider than the consensus of -$1.20 pe share.
Expedia Group (EXPE) closed down more than -9% after forecasting Q2 gross bookings of $32.5 billion to $33.1 billion, the midpoint below the consensus of $33.0 billion.
Fidelity National Information (FIS) closed down more than -7% after forecasting Q2 adjusted EPS of $1.45 to $1.49, the midpoint below the consensus of $1.49.
Earnings Reports(5/11/2026)
AECOM (ACM), Amentum Holdings Inc (AMTM), AST SpaceMobile Inc (ASTS), Certara Inc (CERT), Circle Internet Group Inc (CRCL), Constellation Energy Corp (CEG), Figure Technology Solutions Inc (FIGR), Fox Corp (FOXA), Halozyme Therapeutics Inc (HALO), Mosaic Co/The (MOS), Ovintiv Inc (OVV), Simon Property Group Inc (SPG), STERIS PLC (STE), ZoomInfo Technologies Inc (GTM).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Globant S.A. (GLOB) A Small Cap Value Stock Capitalizing on Soaring IT Spending
May 8, 2026
Globant S.A. (NYSE: GLOB) is one of the best small-cap value stocks to buy. On April 9, analysts at Wedbush initiated coverage of Globant S.A. (NYSE: GLOB) with an Outperform rating and a $61 price target. According to the research firm, IT services continue to play an integral part in cloud computing.Globant S.A. (GLOB) A Small Cap Value Stock Capitalizing on Soaring IT Spending
Copyright: gmast3r / 123RF Stock Photo
The research firm remains bullish about Globant’s prospects, as the use of AI technologies remains a key enabler of the next stage of operational advancement. It also expects the company to benefit as spending on IT projects begins to recover after slowing during the pandemic. The improvement would come as global enterprises pursue AI-driven strategies.
The sentiments come as the company has been named as an Autodesk Tandem Digital Twin Solution Provider, expanding a 15-year collaboration with Autodesk. Consequently, the company is to deliver implementation services, enterprise system integrations, and operational data enablement. It is also expected to accelerate the implementation of digital twins across airports, smart buildings, and logistics environments.
Globant S.A. (NYSE:GLOB) is a digitally native IT and software development company focused on digital transformation and AI-driven solutions. It helps organizations reinvent their businesses through services such as AI integration, software development, and experiential marketing across media, finance, healthcare, and gaming.
While we acknowledge the potential of GLOB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Most Oversold Canadian Stocks to Invest In and 10 Best Stocks to Buy in 2026 According to Billionaire George Soros.
Disclosure: None. Follow Insider Monkey on Google News.
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- Stocks Finish Higher on Solid Earnings and a Resilient Labor Market
May 8, 2026
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.35%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +2.37%.
Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks led the overall market higher on Friday, offsetting concerns about the Iran war. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks on Friday weighed on the Dow Jones Industrial Average.
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Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks rallied on Friday despite a larger-than-expected decline in US consumer sentiment to a record low.
US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations.
US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y.
The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5.
The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%.
In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other military assets in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. The US is awaiting a response from Iran on a proposed deal to reopen the strait, and President Trump has threatened intense strikes if Iran refuses the deal.
Story Continues
WTI crude oil prices (CLM26) moved higher on Friday amid a report that Iran seized an oil tanker in the Strait of Hormuz for “violations.” Crude also has support from a report that said the US is looking to restart military operations as soon as next week to guide commercial ships through the Strait of Hormuz with naval and air support. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 6% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Friday, 83% of the 446 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled lower on Friday. The Euro Stoxx 50 closed down -1.02%. China's Shanghai Composite fell from a 2-month high and closed unchanged. Japan's Nikkei Stock Average closed down by -0.19%.
Interest Rates
June 10-year T-notes (ZNM6) on Friday closed up +7.5 ticks. The 10-year T-note yield fell -2.1 bp to 4.365%. T-notes moved higher on Friday amid an increase in safe-haven demand after Iran seized an oil tanker in the Strait of Hormuz and US forces attacked missile and drone launch sites in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. T-notes added to their gains on Friday after US consumer sentiment fell more than expected to a record low, and inflation expectations eased.
Friday’s US unemployment report was mixed for T-notes. Weaker-than-expected April hourly earnings suggested slack wage pressures and were supportive of T-notes. However, gains in T-notes were limited after April nonfarm payrolls rose more than expected.
European government bond yields are lower today. The 10-year German Bund yield rose +0.2 bp to 3.005%. The 10-year UK gilt yield fell to a 2-week low of 4.864% and finished down -3.6 bp to 4.912%.
German Mar industrial production unexpectedly fell by -0.7% m/m, weaker than expectations of a +0.4% m/m increase.
German trade news was better than expected, with Mar exports rising +0.5% m/m versus expectations of -1.5% m/m. Also, Mar imports rose +5.1% m/m, stronger than expectations of +0.5% m/m and the biggest increase in 2.75 years.
ECB Vice President Luis de Guindos said the most important determinant for interest rates at the ECB's June meeting will be "whether Hormuz is reopened or not."
ECB Executive Board member Isabel Schnabel said, "If the energy-price shock broadens, monetary policy will need to tighten to contain the risk of second-round effects threatening medium-term price stability."
ECB Governing Council member and Bundesbank President Joachim Nagel said the ECB is "highly vigilant" about rising inflation risks from the Iran war and will act as needed to prevent higher energy costs from spilling over into broader prices.
Swaps are discounting a 79% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks moved higher on Friday to lift the overall market. Sandisk (SNDK) closed up more than +15% to lead gainers in the Nasdaq 100, and Micron Technology (MU) closed up more than +14%. Also, Intel (INTC) closed up more than +13%, and Advanced Micro Devices (AMD) closed up more than +10%. In addition, Qualcomm (QCOM) closed up more than +8%, and Applied Materials (AMAT), KLA Corp (KLAC), and Marvell Technology (MRVL) closed up more than +5%. Finally, ASML Holding NV (ASML) closed up more than +4%, and Lam Research (LRCX), Broadcom (AVGO), and Western Digital (WDC) closed up more than +2%.
Mining stocks moved higher on Friday as gold, silver, and copper prices rallied. Anglogold Ashanti (AU) closed up more than +7%, and Southern Copper (SCCO) and Barrick Mining (B) closed up more than +3%. Also, Coeur Mining (CDE), Hecla Mining (HL), and Newmont Corp (NEM) closed up more than +2%, and Freeport McMoRan (FCX) closed up more than +1%.
Software stocks were on the defensive on Friday, limiting gains in the broader market. Salesforce (CRM), Autodesk (ADSK), Workday (WDAY), ServiceNow (NOW), and Intuit (INTU) closed down more than -2%. Also, Adobe (ADBE) and Microsoft (MSFT) closed down more than -1%.
Fluence Energy (FLNC) closed up more than +27% after Roth Capital Partners upgraded the stock to buy from neutral with a price target of $26.
Akamai Technologies (AKAM) closed up more than +26% to lead gainers in the S&P 500 after raising its full-year revenue forecast to $4.45 billion to $4.55 billion, the midpoint above the consensus of $4.47 billion, and announcing that an AI model provider had committed $1.8 billion over seven years for its Cloud Infrastructure Services.
Monster Beverage (MNST) closed up more than +13% after reporting Q1 net sales of $2.35 billion, better than the consensus of $2.15 billion.
Corpay (CPAY) closed up more than +12% after reporting Q1 revenue of $1.26 billion, above the consensus of $1.21 billion, and raising its full-year revenue estimate to $5.25 billion to $5.33 billion from a previous estimate of %5.22 billion to $5.32 billion.
Iren Ltd (IREN) closed up more than +8% after announcing that it signed a five-year $3.4 billion AI Cloud contract with Nvidia.
Block (XYZ) closed up more than +7% after reporting a Q1 adjusted EPS of 85 cents, stronger than the consensus of 67 cents, and raising its full-year profit forecast to $12.33 billion from a previous estimate of $12.20 billion, above the consensus of $12.15 billion.
Wendy’s (WEN) closed up more than +5% after reporting Q1 revenue of $540.6 million, stronger than the consensus of $517.7.
Cloudflare (NET) closed down more than -23% after it forecast Q2 revenue of $664 million to $665 million, below the consensus of $666.1 million.
HubSpot (HUBS) closed down more than -18% after forecasting Q2 revenue of $897 million to $898 million, weaker than the consensus of $899.4 million.
Mettler-Toledo International (MTD) closed down more than -14% to lead losers in the S&P 500 after forecasting Q2 adjusted EPS of $10.70 to $10.84, below the consensus of $10.94.
MercadoLibre (MELI) closed down more than -12% to lead losers in the Nasdaq 100 after reporting Q1 EPS of $8.23, weaker than the consensus of $8.51.
CoreWeave (CRWV) closed down more than -11% after reporting a Q1 loss per share of -$1.40, wider than the consensus of -$1.20 pe share.
Expedia Group (EXPE) closed down more than -9% after forecasting Q2 gross bookings of $32.5 billion to $33.1 billion, the midpoint below the consensus of $33.0 billion.
Fidelity National Information (FIS) closed down more than -7% after forecasting Q2 adjusted EPS of $1.45 to $1.49, the midpoint below the consensus of $1.49.
Earnings Reports(5/11/2026)
AECOM (ACM), Amentum Holdings Inc (AMTM), AST SpaceMobile Inc (ASTS), Certara Inc (CERT), Circle Internet Group Inc (CRCL), Constellation Energy Corp (CEG), Figure Technology Solutions Inc (FIGR), Fox Corp (FOXA), Halozyme Therapeutics Inc (HALO), Mosaic Co/The (MOS), Ovintiv Inc (OVV), Simon Property Group Inc (SPG), STERIS PLC (STE), ZoomInfo Technologies Inc (GTM).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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- Earnings Strength Lifts S&P 500 and Nasdaq 100 to Record Highs
May 8, 2026
The S&P 500 Index ($SPX) (SPY) today is up +0.79%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.74%. June E-mini S&P futures (ESM26) are up +0.77%, and June E-mini Nasdaq futures (NQM26) are up +1.72%.
Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks are leading the overall market higher today, offsetting Iran war concerns. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks is limiting gains in the Dow Jones Industrial Average.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks are climbing today despite a larger-than-expected decline in US consumer sentiment to a record low.
US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations.
US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y.
The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5.
The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%.
In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker today in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other military assets in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. The US is awaiting a response from Iran on a proposed deal to reopen the strait, and President Trump has threatened intense strikes if Iran refuses the deal.
WTI crude oil prices (CLM26) are up slightly today amid a report that Iran seized an oil tanker in the Strait of Hormuz for “violations.” Crude also has support from a report that said the US is looking to restart military operations as soon as next week to guide commercial ships through the Strait of Hormuz with naval and air support. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 6% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 84% of the 425 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are lower today. The Euro Stoxx 50 is down -0.81%. China's Shanghai Composite fell from a 2-month high and closed unchanged. Japan's Nikkei Stock Average closed down by -0.19%.
Interest Rates
June 10-year T-notes (ZNM6) today are up +9 ticks. The 10-year T-note yield is down -3.3 bp to 4.353%. T-notes are moving higher today on an increase in safe-haven demand after Iran seized an oil tanker today in the Strait of Hormuz and US forces attacked missile and drone launch sites and other military assets in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. T-notes added to their gains today after US consumer sentiment fell more than expected to a record low, and inflation expectations eased.
Today’s US unemployment report was mixed for T-notes. Weaker-than-expected April hourly earnings suggested slack wage pressures and were supportive of T-notes. However, gains in T-notes were limited after April nonfarm payrolls rose more than expected.
European government bond yields are lower today. The 10-year German Bund yield is down -0.7 bp to 2.996%. The 10-year UK gilt yield fell to a 2-week low of 4.864% and is down -6.0 bp to 4.888%.
German Mar industrial production unexpectedly fell by -0.7% m/m, weaker than expectations of a +0.4% m/m increase.
German trade news was better than expected, with Mar exports rising +0.5% m/m versus expectations of -1.5% m/m. Also, Mar imports rose +5.1% m/m, stronger than expectations of +0.5% m/m and the biggest increase in 2.75 years.
ECB Vice President Luis de Guindos said the most important determinant for interest rates at the ECB's June meeting will be "whether Hormuz is reopened or not."
ECB Executive Board member Isabel Schnabel said, "If the energy-price shock broadens, monetary policy will need to tighten to contain the risk of second-round effects threatening medium-term price stability."
Swaps are discounting a 78% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks are climbing today to lift the overall market. Micron Technology (MU) and Sandisk (SNDK) are up more than +9%, and Qualcomm (QCOM) is up more than +8%. Also, Advanced Micro Devices (AMD) is up more than +6%, and KLA Corp (KLAC) and Intel (INTC) are up more than +5%. In addition, Applied Materials (AMAT) and Seagate Technology Holdings Plc (STX) are up more than +4%, and Marvell Technology (MRVL) and Western Digital (WDC) are up more than +3%. Finally, ASML Holding NV (ASML), Lam Research (LRCX), Broadcom (AVGO), and Analog Devices (ADI) are up more than +2%.
Mining stocks are moving higher today as gold, silver, and copper prices climb. Anglogold Ashanti (AU) is up more than +6%, and Coeur Mining (CDE) and Southern Copper (SCCO) are up more than +3%. Also, Barrick Mining (B), Hecla Mining (HL), and Newmont Corp (NEM) are up more than +2%, and Freeport McMoRan (FCX) is up more than +1%.
Software stocks are on the defensive today, limiting gains in the broader market. Atlassian (TEAM) is down more than -7%, and Salesforce (CRM) is down more than -4% to lead losers in the Dow Jones industrials. Also, Workday (WDAY), ServiceNow (NOW), and Intuit (INTU) are down more than -4%, and Adobe (ADBE) and Autodesk (ADSK) are down more than -2%. In addition, Microsoft (MSFT) is down more than -1%.
Fluence Energy (FLNC) is up more than +31% after Roth Capital Partners upgraded the stock to buy from neutral with a price target of $26.
Akamai Technologies (AKAM) is up more than +20% to lead gainers in the S&P 500 after raising its full-year revenue forecast to $4.45 billion to $4.55 billion, the midpoint above the consensus of $4.47 billion, and announcing that an AI model provider had committed $1.8 billion over seven years for its Cloud Infrastructure Services.
Monster Beverage (MNST) is up more than +13% to lead gainers in the Nasdaq 100 after reporting Q1 net sales of $2.35 billion, better than the consensus of $2.15 billion.
Corpay (CPAY) is up more than +10% after reporting Q1 revenue of $1.26 billion, above the consensus of $1.21 billion, and raising its full-year revenue estimate to $5.25 billion to $5.33 billion from a previous estimate of %5.22 billion to $5.32 billion.
Iren Ltd (IREN) is up more than +9% after announcing that it signed a five-year $3.4 billion AI Cloud contract with Nvidia.
Block (XYZ) is up more than +6% after reporting a Q1 adjusted EPS of 85 cents, stronger than the consensus of 67 cents, and raising its full-year profit forecast to $12.33 billion from a previous estimate of $12.20 billion, above the consensus of $12.15 billion.
Wendy’s (WEN) is up more than +5% after reporting Q1 revenue of $540.6 million, stronger than the consensus of $517.7.
Cloudflare (NET) is down more than -23% after it forecast Q2 revenue of $664 million to $665 million, below the consensus of $666.1 million.
HubSpot (HUBS) is down more than -22% after forecasting Q2 revenue of $897 million to $898 million, weaker than the consensus of $899.4 million.
Mettler-Toledo International (MTD) is down more than -12% to lead losers in the S&P 500 after forecasting Q2 adjusted EPS of $10.70 to $10.84, below the consensus of $10.94.
CoreWeave (CRWV) is down more than -11% after reporting a Q1 loss per share of -$1.40, wider than the consensus of -$1.20 pe share.
MercadoLibre (MELI) is down more than -10% to lead losers in the Nasdaq 100 after reporting Q1 EPS of $8.23, weaker than the consensus of $8.51.
Expedia Group (EXPE) is down more than -7% after forecasting Q2 gross bookings of $32.5 billion to $33.1 billion, the midpoint below the consensus of $33.0 billion.
Trade Desk (TTD) is down more than -6% after reporting Q1 adjusted EPS of 28 cents, weaker than the consensus of 32 cents.
Earnings Reports(5/8/2026)
Anglogold Ashanti Plc (AU), Brookfield Asset Management Ltd (BAM), EchoStar Corp (SATS), Fidelity National Information (FIS), Janus Henderson Group PLC (JHG), Madison Square Garden Sports Corp (MSGS), Oshkosh Corp (OSK), PPL Corp (PPL), QXO Inc (QXO), Starwood Property Trust Inc (STWD), Trump Media & Technology Group (DJT), Ubiquiti Inc (UI), Wendy's Co/The (WEN). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Stocks Climb on Solid Tech Earnings and US Labor Market Strength
May 8, 2026
The S&P 500 Index ($SPX) (SPY) today is up +0.62%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.32%. June E-mini S&P futures (ESM26) are up +0.61%, and June E-mini Nasdaq futures (NQM26) are up +1.35%.
Stock indexes are moving higher today, with the Nasdaq 100 posting a new record high. Chipmakers and AI-infrastructure stocks are leading the overall market higher today, offsetting Iran war concerns. Stronger-than-expected corporate earnings are also pushing stocks higher.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward.
US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations.
US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y.
In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker today in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other military assets in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. The US is awaiting a response from Iran on a proposed deal to reopen the strait, and President Trump has threatened intense strikes if Iran refuses the deal.
WTI crude oil prices (CLM26) are up slightly today amid a report that Iran seized an oil tanker in the Strait of Hormuz for “violations.” Crude also has support from a report that said the US is looking to restart military operations as soon as next week to guide commercial ships through the Strait of Hormuz with naval and air support. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 6% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 84% of the 425 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are lower today. The Euro Stoxx 50 is down -0.95%. China's Shanghai Composite fell from a 2-month high and closed unchanged. Japan's Nikkei Stock Average closed down by -0.19%.
Interest Rates
June 10-year T-notes (ZNM6) today are up +7 ticks. The 10-year T-note yield is down -3.5 bp to 4.351%. T-notes are moving higher today on an increase in safe-haven demand after Iran seized an oil tanker today in the Strait of Hormuz and US forces attacked missile and drone launch sites and other military assets in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz.
Today’s US payroll report was mixed for T-notes. Weaker-than-expected April hourly earnings suggested slack wage pressures and were supportive of T-notes. However, gains in T-notes are limited after April nonfarm payrolls rose more than expected.
European government bond yields are mixed today. The 10-year German Bund yield is down -0.1 bp to 3.002%. The 10-year UK gilt yield fell to a 2-week low of 4.881% and is down -6.3 bp to 4.885%.
German Mar industrial production unexpectedly fell by -0.7% m/m, weaker than expectations of a +0.4% m/m increase.
German trade news was better than expected, with Mar exports rising +0.5% m/m versus expectations of -1.5% m/m. Also, Mar imports rose +5.1% m/m, stronger than expectations of +0.5% m/m and the biggest increase in 2.75 years.
ECB Vice President Luis de Guindos said the most important determinant for interest rates at the ECB's June meeting will be "whether Hormuz is reopened or not."
ECB Executive Board member Isabel Schnabel said, "If the energy-price shock broadens, monetary policy will need to tighten to contain the risk of second-round effects threatening medium-term price stability."
Swaps are discounting an 78% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks are climbing today to lift the overall market. Micron Technology (MU) is up more than +7%, and Sandisk (SNDK) is up more than +6%. Also, Advanced Micro Devices (AMD), KLA Corp (KLAC), Intel (INTC), and Qualcomm (QCOM) are up more than +5%, and Applied Materials (AMAT) is up more than +4%. In addition, Marvell Technology (MRVL) is up more than +3%, and ARM Holdings Plc (ARM), ASML Holding NV (ASML), Western Digital (WDC), Seagate Technology Holdings Plc (STX), Lam Research (LRCX), Broadcom (AVGO), and Analog Devices (ADI) are up more than +2%.
Software stocks are on the defensive today, limiting gains in the broader market. Atlassian (TEAM) is down more than -6%, and Salesforce (CRM) is down more than -4% to lead losers in the Dow Jones industrials. Also, Workday (WDAY), ServiceNow (NOW), and Intuit (INTU) are down more than -4%, and Adobe (ADBE) is down more than -3%. In addition, Autodesk (ADSK) is down more than -2%, and Microsoft (MSFT) and Oracle (ORCL) are down more than -1%.
Cybersecurity stocks are under pressure today, led by a -21% plunge in Cloudflare (NET) after it forecasted Q2 revenue of $664 million to $665 million, below the consensus of $666.1 million.
Also, Zscaler (ZS) is down more than -4%, and Okta (OKTA) is down more than -2%. In addition, CrowdStrike Holdings (CRWD) and Palo Alto Networks (PANW) are down more than -1%, and Fortinet (FTNT) is down -0.85%.
Fluence Energy (FLNC) is up more than +39% after Roth Capital Partners upgraded the stock to buy from neutral with a price target of $26.
Akamai Technologies (AKAM) is up more than +23% to lead gainers in the S&P 500 after raising its full-year revenue forecast to $4.45 billion to $4.55 billion, the midpoint above the consensus of $4.47 billion, and announcing that an AI model provider had committed $1.8 billion over seven years for its Cloud Infrastructure Services.
Monster Beverage (MNST) is up more than +12% to lead gainers in the Nasdaq 100 after reporting Q1 net sales of $2.35 billion, better than the consensus of $2.15 billion.
Iren Ltd (IREN) is up more than +12% after announcing that it signed a five-year $3.4 billion AI Cloud contract with Nvidia.
Block (XYZ) is up more than +9% after reporting a Q1 adjusted EPS of 85 cents, stronger than the consensus of 67 cents, and raising its full-year profit forecast to $12.33 billion from a previous estimate of $12.20 billion, above the consensus of $12.15 billion.
Wendy’s (WEN) is up more than +4% after reporting Q1 revenue of $540.6 million, stronger than the consensus of $517.7.
HubSpot (HUBS) is down more than -22% after forecasting Q2 revenue of $897 million to $898 million, weaker than the consensus of $899.4 million.
CoreWeave (CRWV) is down more than -13% after reporting a Q1 loss per share of -$1.40, wider than the consensus of -$1.20 pe share.
Trade Desk (TTD) is down more than -9% after reporting Q1 adjusted EPS of 28 cents, weaker than the consensus of 32 cents.
Expedia Group (EXPE) is down more than -8% after forecasting Q2 gross bookings of $32.5 billion to $33.1 billion, the midpoint below the consensus of $33.0 billion.
Earnings Reports(5/8/2026)
Anglogold Ashanti Plc (AU), Brookfield Asset Management Ltd (BAM), EchoStar Corp (SATS), Fidelity National Information (FIS), Janus Henderson Group PLC (JHG), Madison Square Garden Sports Corp (MSGS), Oshkosh Corp (OSK), PPL Corp (PPL), QXO Inc (QXO), Starwood Property Trust Inc (STWD), Trump Media & Technology Group (DJT), Ubiquiti Inc (UI), Wendy's Co/The (WEN). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
S&P Futures Climb With All Eyes on Key U.S. Jobs ReportStocks Steady Before the Open as Investors Await U.S.-Iran Updates; Earnings and Economic Data on TapNasdaq Futures Rally on Upbeat AMD Earnings and U.S.-Iran Peace Deal OptimismAXT's Explosive Run Proves Photonics Is Where the AI Boom Is Heading Next
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Inseego (INSG) Reports Q1 Loss, Lags Revenue Estimates
May 7, 2026
Inseego (INSG) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to a loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +60.00%. A quarter ago, it was expected that this holding company would post earnings of $0.07 per share when it actually produced earnings of $0.12, delivering a surprise of +71.43%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Inseego, which belongs to the Zacks Internet - Software industry, posted revenues of $34.34 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.47%. This compares to year-ago revenues of $31.67 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Inseego shares have added about 85.2% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for Inseego?
While Inseego has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Inseego was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.03 on $45.5 million in revenues for the coming quarter and $0.28 on $188.8 million in revenues for the current fiscal year.
Story Continues
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Autodesk (ADSK), is yet to report results for the quarter ended April 2026. The results are expected to be released on May 28.
This design software company is expected to post quarterly earnings of $2.84 per share in its upcoming report, which represents a year-over-year change of +24%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Autodesk's revenues are expected to be $1.89 billion, up 16% from the year-ago quarter.
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- Stocks Fall on Doubts About an Imminent US-Iran Peace Deal
May 7, 2026
The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.63%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.12%. June E-mini S&P futures (ESM26) fell -0.42%, and June E-mini Nasdaq futures (NQM26) fell -0.18%.
Stock indexes gave up early gains on Thursday and settled lower amid doubts about an imminent US-Iran peace deal. Stocks retreated as crude oil prices recovered from sharp losses and pushed bond yields higher on a report that said the Trump administration is looking to restart its plan to guide stranded ships through the Strait of Hormuz after pausing it earlier this week.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stocks initially moved higher on Thursday, with the S&P 500 and Nasdaq 100 posting new all-time highs, and the Dow Jones Industrial Average posting a 2.75-month high. Better-than-expected corporate earnings results lifted stocks, powered by tech earnings and high expectations for artificial intelligence. Strength in software stocks boosted the broader market after Datadog surged by more than 30% on blowout earnings. However, chipmakers and AI-infrastructure stocks turned lower on Thursday afternoon and weighed on the overall market.
Stocks also found support from Thursday’s better-than-expected US economic news on weekly jobless claims, Q1 productivity and labor costs, construction spending, and consumer credit.
US weekly initial unemployment claims rose +10,000 to 200,00, showing a stronger labor market than expectations of 205,000. Weekly continuing claims unexpectedly fell -10,000 to a 2.25-year low of 1.766 million, showing a stronger labor market than expectations of an increase to 1.800 million.
US Q1 nonfarm productivity rose +0.8%, stronger than expectations of +0.6%. Q1 unit labor costs rose by +2.3%, weaker than expectations of +2.5%.
US Mar construction spending rose +0.6% m/m, stronger than expectations of +0.3% m/m.
US Mar consumer credit rose by +$24.855 billion, stronger than expectations of +$13.720 billion and the largest increase in 3.25 years.
Fed comments on Thursday were slightly hawkish and negative for stocks and bonds. Boston Fed President Susan Collins said interest rates should stay at current "mildly restrictive" levels, but “if the inflation trajectory looked like it was significantly moving in the wrong direction," policymakers would "need to reassess what the appropriate policy would be." Also, Cleveland Fed President Beth Hammack said the FOMC's signal that the next rate move will be a cut is misleading, and her baseline is that interest rates will be on hold for a long period.
The markets are awaiting further updates after the US presented a proposal to Iran that would gradually reopen the Strait of Hormuz and lift the US blockade on Iranian ports. Negotiations over Iran's nuclear program would come later in the process. Iran is expected to respond via Pakistan in the next few days.
WTI crude oil prices (CLM26) recovered from a -4% decline on Thursday and settled little changed. Crude prices found support on a report that said the US is looking to restart military operations as soon as next week to guide commercial ships with naval and air support through the Strait of Hormuz. The Wall Street Journal reported that Saudi Arabia and Kuwait have lifted restrictions on the US military's use of their bases and airspace when Iran launched missiles and drones at the UAE in response to the US effort to open the strait. Saudi Arabia and Kuwait had blocked the US military's use of their bases and airspace after senior US officials downplayed Iranian attacks on the Persian Gulf in reaction to opening the strait. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 4% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings results thus far in this reporting season have been supportive of stocks. As of Thursday, 84% of the 425 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled mixed on Thursday. The Euro Stoxx 50 fell from a 2.5-week high and closed down -0.90%. China's Shanghai Composite rallied to a 2-month high and closed up +0.08%. Japan's Nikkei Stock Average soared to a record high, finishing sharply higher by +5.58%.
Interest Rates
June 10-year T-notes (ZNM6) on Thursday closed down -9 ticks. The 10-year T-note yield rose +4.0 bp to 4.389%. Jun T-notes fell from a 1-week high on Thursday and settled lower, and the 10-year T-note yield recovered from a 1.5-week low of 4.319% and moved higher. T-notes fell as crude oil prices rebounded following a report that the US is seeking to resume military operations to open the Strait of Hormuz. Also, Thursday’s better-than-expected US economic news on weekly jobless claims shows strength in the US labor market, which is a hawkish factor for Fed policy. In addition, hawkish Fed comments today weighed on T-note prices after Boston Fed President Susan Collins and Cleveland Fed President Beth Hammack said they favored keeping interest rates on hold.
T-notes initially moved higher on Thursday after crude oil prices retreated, which eased inflation expectations. Also, Thursday’s reports showing Q1 nonfarm productivity was better than expected, and Q1 labor costs were weaker than expected, were supportive of T-notes.
European government bond yields finished higher on Thursday. The 10-year German Bund yield rebounded from a 2-week low of 2.957% and finished up +0.3 bp to 3.003%. The 10-year UK gilt yield rebounded from a 2-week low of 4.886% and finished up +0.8 bp to 4.948%.
Eurozone Mar retail sales fell -0.1% m/m, a smaller decline than expectations of -0.3% m/m.
German Mar factory orders rose +5.0% m/m, stronger than expectations of +1.0% m/m.
Swaps are discounting an 80% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
ARM Holdings Plc (ARM) closed down more than -10% to lead chipmakers and AI-infrastructure stocks lower after reporting Q4 royalty revenue of $671 million, below the consensus of $693.3 million. Also, Marvell Technology (MRVL) closed down more than -7%, and Sandisk (SNDK), Applied Materials (AMAT), and NXP Semiconductors NV (NXPI) closed down more than -4%. In addition, Advanced Micro Devices (AMD), Lam Research (LRCX), Western Digital (WDC), Broadcom (AVGO), and Intel (INTC) closed down more than -3%. Finally, KLA Corp (KLAC), Micron Technology (MU), and Seagate Technology Holdings Plc (STX) closed down more than -2%.
Datadog (DDOG) closed up more than +31% to lead software stocks higher and gainers in the S&P 500 and Nasdaq 100 after reporting Q1 revenue of $1.01 billion, better than the consensus of $957.8 million, and raising its full-year revenue estimate to $4.30 billion to $4.34 billion from a previous estimate of $4.06 billion to $4.10 billion, well above the consensus of $4.09 billion. Also, Workday (WDAY) closed up more than +6%, and ServiceNow (NOW) closed up more than +5%. In addition, Atlassian (TEAM) and Intuit (INTU) closed up more than +4%, and Autodesk (ADSK) closed up by more than +3%. In addition, Salesforce (CRM) closed up more than +2% to lead gainers in the Dow Jones industrials, and Adobe (ADBE) closed up more than +2%.
Fortinet (FTNT) closed up more than +20% to lead cybersecurity stocks higher after reporting Q1 billings of $2.09 billion, well above the consensus of $1.82 billion, and raising its full-year billings forecast to $8.80 billion to $9.10 billion from a previous forecast of $8.40 billion to $8.60 billion, stronger than the consensus of $8.49 billion. Also, Zscaler (ZS) closed up more than +10%, and CrowdStrike Holdings (CRWD) closed up more than +8%. In addition, Palo Alto Networks (PANW) closed up +7%, Okta (OKTA) closed up more than +4%, and Cloudflare (NET) closed up more than +3%.
Insmed (INSM) is down more than -23% to lead losers in the Nasdaq 100 after forecasting full-year product revenue of $1.0 billion, below the consensus of $1.3 billion.
Zoetis (ZTS) is down more than -21% to lead losers in the S&P 500 after reporting Q1 revenue of $2.26 billion, weaker than the consensus of $2.30 billion.
Whirlpool (WHR) closed down more than -11% after reporting Q1 net sales of $3.27 billion, weaker than the consensus of $3.42 billion, and cutting its full-year revenue forecast to $15.0 billion from a previous forecast of $15.3-$15.6 billion, below the consensus of $15.21 billion.
Coherent Corp (COHR) closed down more than -7% after reporting a Q3 adjusted EPS of $1.41, right on expectations.
US Foods Holding (USFD) closed down more than -5% after reporting Q1 net sales of $9.61 billion, below the consensus of $9.66 billion.
Axon Enterprises (AXON) closed up more than +10% after reporting Q1 net sales of $807 million, above the consensus of $779.2 million.
Ormat Technologies (ORA) closed up more than +6% after reporting Q1 adjusted EPS of $1.30, stronger than the consensus of 92 cents.
Howmet Aerospace (HWM) closed up more than +6% after reporting Q1 adjusted EPS of $1.22, above the consensus of $1.11, and raising its full-year adjusted EPS forecast to $4.88-$5.00 from a previous forecast of $4.35-$4.55, stronger than the consensus of $4.63.
AppLovin (APP) closed up more than +6% after reporting Q1 revenue of $1.84 billion, better than the consensus of $1.77 billion, and forecasting Q2 revenue of $1.92 billion to $1.95 billion, stronger than the consensus of $1.89 billion.
Albemarle (ALB) closed up more than +2% after reporting Q1 net sales of $1.43 billion, above the consensus of $1.34 billion.
MKS Inc. (MKSI) closed up more than +2% after reporting Q1 net revenue of $1.08 billion, better than the consensus of $1.04 billion.
Earnings Reports(5/8/2026)
Anglogold Ashanti Plc (AU), Brookfield Asset Management Ltd (BAM), EchoStar Corp (SATS), Fidelity National Information (FIS), Janus Henderson Group PLC (JHG), Madison Square Garden Sports Corp (MSGS), Oshkosh Corp (OSK), PPL Corp (PPL), QXO Inc (QXO), Starwood Property Trust Inc (STWD), Trump Media & Technology Group (DJT), Ubiquiti Inc (UI), Wendy's Co/The (WEN). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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