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The Zacks Analyst Blog Highlights Booking Holdings, Palo Alto Networks, Deere and FONAR
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For Immediate Release
Chicago, IL – August 16, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Booking Holdings Inc. (BKNG - Free Report) , Palo Alto Networks, Inc. (PANW - Free Report) , Deere & Co. (DE - Free Report) and FONAR Corp. (FONR - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Analyst Reports for Booking, Palo Alto Networks and Deere & Co.
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Booking Holdings Inc., Palo Alto Networks, Inc. and Deere & Co., as well a micro-cap stock FONAR Corp. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Booking Holdings shares have gained +2.0% over the year-to-date period against the Zacks Internet - Commerce industry's gain of +9.2%. The company is witnessing sluggishness in its agency business and remains a concern. The declining trend in agency bookings is a major headwind. Also, geopolitical tensions and market uncertainties remain concerning for the company.
Nevertheless, Booking Holdings reported impressive second-quarter 2024 results, wherein both earnings and revenues grew year over year. Revenue growth was driven by growing leisure travel demand. Substantial improvement in its booking trends was a major tailwind.
Strong momentum across its merchants and advertising, and other businesses contributed well to top-line growth. The growing alternative accommodation business was a tailwind for the company. Solid growth in rental car and airline ticket units was a positive. The uptick in booked room nights is contributing well to the gross bookings growth.
Palo Alto Networks shares have outperformed the Zacks Internet - Software industry over the year-to-date period (+14.1% vs. +12.3%). The company has been benefiting from continuous deal wins and the increasing adoption of its next-generation security platforms, attributable to the rise in the hybrid work environment and the heightened need for stronger security.
PANW's strong back-to-back quarterly performances reflect its sustained focus on product innovation, a shift in its business model to subscription-based services, platform integration and continued investments in the go-to-market strategy. The normalization of the supply chain is also aiding growth across the Products, Services and Subscription segments.
However, softening IT spending amid macroeconomic headwinds might hurt its near-term prospects. Forex headwinds and higher marketing and sales expenses are likely to continue hurting its profitability. Also, high acquisition-related expenses are denting margins.
Shares of Deere have declined -10.8% over the year-to-date period against the Zacks Manufacturing - Farm Equipment industry's decline of -13.3%. The company has been witnessing inflated material and labor costs over the past few quarters. These are likely to persist and put a dent in the company's margins in the forthcoming quarters. Higher SG&A and R&D expenses add pressure to margins.
Deere has been facing supply-chain issues, resulting in delivery delays and less efficient factories. Low commodity prices will weigh on farm income and influence farmers' investment decision-making. The company's pricing actions and efforts to lower costs will somewhat offset these headwinds.
Deere's long-term growth prospects however remain strong, owing to consistent investments in new products and markets. Focus on launching products equipped with the latest technology will drive the margins. Increased infrastructure spending will drive demand for its construction equipment.
FONAR's shares have gained +0.9% over the past year against the Zacks Medical - Products industry's gain of +7.6%. This microcap company with market capitalization of $104.42 million has shown strong financial performance for the nine months ending Mar 31, 2024, with total revenues up 5.6% and net income rising 25.3%, reflecting effective cost management. Adoption of SwiftMR technology positions FONAR competitively.
Strategic expansion, a robust balance sheet, and a diversified revenue stream strengthen its market position. Yet, a 44.6% decline in third-quarter fiscal 2024 net income, rising SG&A expenses and decreased cash flow from operations signal potential operational challenges. Increased competition, reliance on HMCA and regulatory risks are key concerns.
Despite economic uncertainties and limited revenue diversification, FONAR's legacy in MRI technology and continued R&D investment provide a solid foundation for future growth. Inventory management issues and sector-specific vulnerabilities persist.
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights Booking Holdings, Palo Alto Networks, Deere and FONAR
For Immediate Release
Chicago, IL – August 16, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Booking Holdings Inc. (BKNG - Free Report) , Palo Alto Networks, Inc. (PANW - Free Report) , Deere & Co. (DE - Free Report) and FONAR Corp. (FONR - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Analyst Reports for Booking, Palo Alto Networks and Deere & Co.
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Booking Holdings Inc., Palo Alto Networks, Inc. and Deere & Co., as well a micro-cap stock FONAR Corp. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Booking Holdings shares have gained +2.0% over the year-to-date period against the Zacks Internet - Commerce industry's gain of +9.2%. The company is witnessing sluggishness in its agency business and remains a concern. The declining trend in agency bookings is a major headwind. Also, geopolitical tensions and market uncertainties remain concerning for the company.
Nevertheless, Booking Holdings reported impressive second-quarter 2024 results, wherein both earnings and revenues grew year over year. Revenue growth was driven by growing leisure travel demand. Substantial improvement in its booking trends was a major tailwind.
Strong momentum across its merchants and advertising, and other businesses contributed well to top-line growth. The growing alternative accommodation business was a tailwind for the company. Solid growth in rental car and airline ticket units was a positive. The uptick in booked room nights is contributing well to the gross bookings growth.
(You can read the full research report on Booking here >>>)
Palo Alto Networks shares have outperformed the Zacks Internet - Software industry over the year-to-date period (+14.1% vs. +12.3%). The company has been benefiting from continuous deal wins and the increasing adoption of its next-generation security platforms, attributable to the rise in the hybrid work environment and the heightened need for stronger security.
PANW's strong back-to-back quarterly performances reflect its sustained focus on product innovation, a shift in its business model to subscription-based services, platform integration and continued investments in the go-to-market strategy. The normalization of the supply chain is also aiding growth across the Products, Services and Subscription segments.
However, softening IT spending amid macroeconomic headwinds might hurt its near-term prospects. Forex headwinds and higher marketing and sales expenses are likely to continue hurting its profitability. Also, high acquisition-related expenses are denting margins.
(You can read the full research report on Palo Alto Networks here >>>)
Shares of Deere have declined -10.8% over the year-to-date period against the Zacks Manufacturing - Farm Equipment industry's decline of -13.3%. The company has been witnessing inflated material and labor costs over the past few quarters. These are likely to persist and put a dent in the company's margins in the forthcoming quarters. Higher SG&A and R&D expenses add pressure to margins.
Deere has been facing supply-chain issues, resulting in delivery delays and less efficient factories. Low commodity prices will weigh on farm income and influence farmers' investment decision-making. The company's pricing actions and efforts to lower costs will somewhat offset these headwinds.
Deere's long-term growth prospects however remain strong, owing to consistent investments in new products and markets. Focus on launching products equipped with the latest technology will drive the margins. Increased infrastructure spending will drive demand for its construction equipment.
(You can read the full research report on Deere here >>>)
FONAR's shares have gained +0.9% over the past year against the Zacks Medical - Products industry's gain of +7.6%. This microcap company with market capitalization of $104.42 million has shown strong financial performance for the nine months ending Mar 31, 2024, with total revenues up 5.6% and net income rising 25.3%, reflecting effective cost management. Adoption of SwiftMR technology positions FONAR competitively.
Strategic expansion, a robust balance sheet, and a diversified revenue stream strengthen its market position. Yet, a 44.6% decline in third-quarter fiscal 2024 net income, rising SG&A expenses and decreased cash flow from operations signal potential operational challenges. Increased competition, reliance on HMCA and regulatory risks are key concerns.
Despite economic uncertainties and limited revenue diversification, FONAR's legacy in MRI technology and continued R&D investment provide a solid foundation for future growth. Inventory management issues and sector-specific vulnerabilities persist.
(You can read the full research report on FONAR here >>>)
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.