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Cricut

Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs, and T-shirts to large-scale interior decorations. It derives revenues from three segments including the Connected machines engaged in the sale of its connected machine hardware and related essential software, the Subscriptions segment provides monthly and annual subscription fees, and the Accessories and Materials segment provides craft, DIY, home decor products and heat presses including the Cricut EasyPress, Cricut Mug Press, and Cricut Autopress.

Cricut Inc

Lesaka Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSAK#NASDAQ">LSAK</a>) .

News

Guidance

LSAK

Lesaka Technologies expects Q2 2025: Revenue ZAR 2.4B-2.6B; FY2025: Revenue ZAR 10B-11B.

OrthoPediatrics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIDS#NASDAQ">KIDS</a>) reported quarterly losses of $(0.18) per share which beat the analyst consensus estimate of $(0.24) by 25 percent. This is a 38.46 percent decrease over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $54.573 million which beat the analyst consensus estimate of $53.728 million by 1.57 percent. This is a 36.53 percent increase over sales of $39.972 million the same period last year.

Earnings

Earnings Beats

KIDS

OrthoPediatrics Q3 2024 Adj. EPS $(0.18) Beats $(0.24) Estimate, Sales $54.573M Beat $53.728M Estimate

Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) reported quarterly earnings of $2.70 per share which beat the analyst consensus estimate of $1.90 by 42.11 percent. The company reported quarterly sales of $540.000 million which missed the analyst consensus estimate of $581.284 million by 7.10 percent. This is a 13.92 percent increase over sales of $474.000 million the same period last year.

Earnings Misses

Pampa Energia Q3 2024 GAAP EPS $2.70 Beats $1.90 Estimate, Sales $540.000M Miss $581.284M Estimate

Outset Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OM#NASDAQ">OM</a>) raises FY2024 sales outlook from $110.00 million to $112.00 million.

Outset Medical Raises FY2024 Sales Guidance from $110.00M to $112.00M

Shares of Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) surged close to 20% on Wednesday following Donald Trump's victory in the U.S. presidential election. Here&#8217;s <a href="https://www.benzinga.com//node/41784504">what you need to know.</a>
What To Know: Investors are expecting less regulation, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41792455/jpmorgan-bank-of-america-and-wells-fargo-shares-surged-wednesday-heres-why">reduced oversight</a> from agencies like the Consumer Financial Protection Bureau (CFPB) with Trump set to return to the White House, per <a href="https://www.cnbc.com/2024/11/05/stock-market-today-live-updates.html">CNBC</a>.
"Trump is viewed as supporting lower corporate tax rates, deregulation, and industrial policies that favor domestic growth, all of which could provide more stimulus to the U.S. economy and benefit risk assets,&#8221; Marc Pinto, head of Americas equities at Janus Henderson, said in a new note.
The dollar index rose to its highest level since July, as investors believe Trump's proposed tariffs could strengthen the U.S. dollar. Meanwhile, the 10-year Treasury yield climbed to about 4.43%, driven by anticipation that Trump's potential tax cuts and spending plans could boost economic growth, but increase the fiscal deficit and lead to higher inflation.
Robinhood shares may have also gotten a boost on Wednesday thanks to strong overnight trading activity and election contracts data.
The company reported its <a href="https://www.benzinga.com/fintech/24/11/41783293/robinhood-reports-record-overnight-trading-volume-400-million-2024-election-contracts-traded">largest overnight session</a> since launching its 24-hour market, with trading volumes around 11 times higher than the company&#8217;s average overnight volume. 
Check This Out: <a href="https://www.benzinga.com/fintech/24/11/41783293/robinhood-reports-record-overnight-trading-volume-400-million-2024-election-contracts-traded">Robinhood Reports Record Overnight Trading Volume, 400 Million 2024 Election Contracts Traded</a>
Overnight trading volumes included election contracts, which hit a milestone of 400 million contracts traded. More than 500,000 Robinhood users took part in election contract trading, according to the company.
Robinhood stock also traded higher alongside several crypto-related stocks on Wednesday. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbed to new all-time highs above $75,000, which sent crypto-linked stocks racing higher. Trump had positioned himself as a pro-crypto candidate.
Hood Price Action: Robinhood shares closed Wednesday up 19.6% at $29.86, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/11/41785036/elon-musk-and-joe-rogan-criticize-psychedelics-and-big-pharmas-legacy-of-profit-over-public-heal">Elon Musk And Joe Rogan Criticize Psychedelics And Big Pharma&#8217;s Legacy Of Profit Over Public Health</a></li>
</ul>
Image via Shutterstock.

Movers

$BTC

HOOD

Robinhood Markets Stock Jumped 20% On Wednesday: What Happened?

OTC Markets Gr (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OTCM#OTC">OTCM</a>) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.60 by 48.33 percent. The company reported quarterly sales of $26.634 million which missed the analyst consensus estimate of $27.074 million by 1.63 percent. This is a 1.53 percent increase over sales of $26.232 million the same period last year.

OTCM

OTC Markets Gr Q3 2024 Adj. EPS $0.89 Beats $0.60 Estimate, Sales $26.634M Miss $27.074M Estimate

LegalZoom.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LZ#NASDAQ">LZ</a>) narrows FY2024 sales outlook from $675.00 million-685.00 million to $678.00 million-682.00 million.

LegalZoom.com Narrows FY2024 Sales Guidance from $675.00M-685.00M to $678.00M-682.00M

LegalZoom.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LZ#NASDAQ">LZ</a>) sees Q4 sales of $158.000 million-162.000 million vs $161.47 million estimate.

LegalZoom.com Sees Q4 Sales $158.000M-162.000M vs $161.47M Est

LegalZoom.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LZ#NASDAQ">LZ</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.15 by 13.33 percent. The company reported quarterly sales of $168.599 million which beat the analyst consensus estimate of $167.472 million by 0.67 percent. This is a 0.79 percent increase over sales of $167.274 million the same period last year.

LegalZoom.com Q3 2024 Adj. EPS $0.17 Beats $0.15 Estimate, Sales $168.599M Beat $167.472M Estimate

Laird Superfood (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LSF#AMEX">LSF</a>) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.07) by 128.57 percent. The company reported quarterly sales of $11.776 million which beat the analyst consensus estimate of $10.479 million by 12.38 percent. This is a 28.28 percent increase over sales of $9.180 million the same period last year.

Laird Superfood Q3 2024 Adj. EPS $0.02 Beats $(0.07) Estimate, Sales $11.776M Beat $10.479M Estimate

Sports betting and online gaming company DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) could highlight early results from the 2024 NFL season and new state legalizations when the company reports third-quarter financial results Thursday<a href="https://www.benzinga.com/earnings"> after market close.</a>
Earnings Estimates: Analysts expect the company to report third-quarter revenue of $1.11 billion, up from last year's third-quarter total of $789.96 million according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1">from Benzinga Pro.</a>
The company missed analyst estimates for revenue for the second quarter and two of the past three quarters, but has beaten analyst estimates for revenue in eight of the last 10 quarters overall.
Analysts expect DraftKings to report a loss of 42 cents per share in the third quarter, compared to a loss of 35 cents per share in last year's third quarter. The company has beaten analyst estimates for earnings per share in 10 straight quarters.
Read Also: <a href="https://www.benzinga.com/general/politics/24/11/41725070/draftkings-offers-10k-in-prizes-for-2024-election-predictions-harris-trump-swing-state-performan">DraftKings Offers $10K In Prizes For 2024 Election Predictions: Harris, Trump Swing State Performance Among Key Questions</a>
What Analysts Are Saying: Strong market share in the sports betting space and the potential to surprise with updated financial guidance has Bank of America analyst Shaun C. Kelley bullish on DraftKings <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41589183/draftkings-stock-to-hit-new-52-week-highs-bullish-analyst-on-2025-guidance-upside-o">ahead of the earnings report.</a>
The analyst, who has a Buy rating and $50 price target, recently said revenue flowthrough for the second half of the fiscal year could be better than expected and "protect" EBITDA for fiscal 2024.
"We expect top-line growth in the fourth quarter to come in slightly below guidance driven by unfavorable hold and challenging iGaming comps," Kelley said.
The analyst said DraftKings could also show its hold expansion similar to peer FanDuel with lower promotional spending activity.
Concerns for DraftKings in the third quarter include slower app downloads and unfavorable NFL game outcomes, Kelley added.
A near duopoly of the online sports betting space for DraftKings and FanDuel owner Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40985921/flutter-analyst-sees-significant-earnings-power-with-growing-duopoly-sports-betting">was highlighted by </a>Needham analyst Bernie McTernan recently.
McTernan said the total addressable market size of the U.S. online sports betting market could "continue to surprise to the upside."
&#8220;Scale and commitment to product leadership from FanDuel and DKNG likely keeps the OSB market dominated by these two players," McTernan said.
A Needham survey revealed that sports bettors primarily use FanDuel and DraftKings.
&#8220;We think share can continue to ebb and flow between FanDuel and DKNG as we do not see a physical network effect in OSB meaning there is not a structural reason for dominant market share leader like digital marketplaces.&#8221;
McTernan said unless the market structure in the U.S. changes, it&#8217;s &#8220;FanDuel and DKNG at the top and then everyone else.&#8221;
FanDuel (37.8%) and DraftKings (34.8%) had a combined 73% market share in 2023. BetMGM ranks a distant third at 8.6% market share.
In the second quarter of 2024, FanDuel had a market share of 37.3% with DraftKings at 37.0%. Both BetMGM and fourth-place Caesars had lower market share in the first two quarters of 2024 compared to 2023.
Key Items to Watch: DraftKings quarterly financial results come after the start of the 2024 NFL season, which is one of the most bet on sports in the U.S. and a key to revenue and earnings for the company in the fourth quarter.
Guidance from the company and early commentary on the NFL season will be closely watched by investors.
The company<a href="https://www.benzinga.com/news/earnings/24/08/40116073/draftkings-q2-earnings-highlights-sports-betting-company-launches-1-billion-buyback-misses-on-reven"> announced an inaugural</a> $1 billion share buyback in the second quarter. Investors and analysts will be watching to see if any shares were bought during the third quarter.
DraftKings acquisition of Jackpocket led to lower average revenue per monthly unique paying customer in the second quarter and could be an area to watch for investors and analysts.
As of July 25, DraftKings is live with mobile sports betting in 25 states and Washington, D.C., representing 49% of the U.S. population.
The company is live with iGaming in five states.
On Tuesday, voters in Missouri approved sports betting, becoming the 39th state to legalize. There is no current timetable on when the state will be live, but DraftKings and FanDuel supported the ballot proposal.
Missouri is the 18th most populous state and fourth-largest state that has not yet legalized sports betting, according to a report from <a href="https://www.sportico.com/business/sports-betting/2024/missouri-sports-betting-ballot-measure-caesars-draftkings-fanduel-1234803926/">Sportico</a>.
DraftKings previously said there were 10 jurisdictions representing 12% of the U.S. population that have introduced legislation or introduced a bill for a referendum to legalize mobile sports betting.
An update on the timetable in Missouri and where other states stand could come from the company on Thursday.
DKNG Price Action: DraftKings stock was up 4.94% to $38.25 on Wednesday at market close versus a 52-week trading range of $28.69 to $49.57. DraftKings stock is up 14% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41402089/goldman-sachs-highlights-20-top-short-squeeze-opportunities-for-q3-earnings-season">Goldman Sachs Highlights 20 Top Short-Squeeze Opportunities For Q3 Earnings Season</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Sports Betting

Previews

Analyst Ratings

Trading Ideas

DKNG

FLUT

DraftKings Q3 Earnings Highlights: NFL In Focus, Will Missouri Legalization Factor Into Guidance?

CDMO

Trading Halt: Halt status updated at 6:30:00 PM ET: Quotation Resumption: News and Resumption Times

Redwire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) reported quarterly losses of $(0.37) per share which missed the analyst consensus estimate of $(0.14) by 164.29 percent. This is a 164.29 percent decrease over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $68.638 million which missed the analyst consensus estimate of $70.514 million by 2.66 percent. This is a 9.62 percent increase over sales of $62.612 million the same period last year.

Redwire Q3 2024 GAAP EPS $(0.37) Misses $(0.14) Estimate, Sales $68.638M Miss $70.514M Estimate

Viemed Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMD#NASDAQ">VMD</a>) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.07 by 42.86 percent. This is a 42.86 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $58.004 million which beat the analyst consensus estimate of $57.150 million by 1.49 percent. This is a 17.41 percent increase over sales of $49.402 million the same period last year.

Viemed Healthcare Q3 2024 GAAP EPS $0.10 Beats $0.07 Estimate, Sales $58.004M Beat $57.150M Estimate

Genworth Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) reported quarterly earnings of $0.11 per share which missed the analyst consensus estimate of $0.19 by 42.11 percent. This is a 22.22 percent increase over earnings of $0.09 per share from the same period last year. The company reported $1.88 billion in sales this quarter. This is a 2.68 percent increase over sales of $1.83 billion the same period last year.

Genworth Finl Q3 Adj $0.11 Misses $0.19 Estimate, Sales $1.88B Up From $1.83B YoY

Park-Ohio Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKOH#NASDAQ">PKOH</a>) reported quarterly earnings of $1.07 per share which beat the analyst consensus estimate of $0.89 by 20.22 percent. The company reported quarterly sales of $417.600 million which missed the analyst consensus estimate of $438.700 million by 4.81 percent. This is a 0.29 percent decrease over sales of $418.800 million the same period last year.

PKOH

Park-Ohio Hldgs Q3 2024 Adj. EPS $1.07 Beats $0.89 Estimate, Sales $417.600M Miss $438.700M Estimate

Liberty Latin America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILA#NASDAQ">LILA</a>) reported quarterly losses of $(2.22) per share which missed the analyst consensus estimate of $0.05 by 4540 percent. The company reported quarterly sales of $1.089 billion which missed the analyst consensus estimate of $1.128 billion by 3.44 percent. This is a 3.29 percent decrease over sales of $1.126 billion the same period last year.

LILA

Liberty Latin America Q3 2024 GAAP EPS $(2.22) Misses $0.05 Estimate, Sales $1.089B Miss $1.128B Estimate

Gold production in 2025 is expected to increase significantly relative to 2024 as a result of the scheduled mining and processing of higher-grade ore from the Fekola and Cardinal pits made accessible by the meaningful stripping campaign that has been undertaken throughout 2024, the expected full year of contribution from Fekola Regional, which is anticipated to contribute between 80,000 and 100,000 ounces of additional production, and commencement of mining the higher-grade Fekola underground (subject to receipt of necessary permits for Fekola Regional and Fekola underground).

B2Gold Expects Total Gold Production For 2024 To Be Towards Low End Of Guidance Range Of 800,000 - 870,000 Ounces; Expects Gold Production In 2025 To Increase Significantly Relative To 2024

OrthoPediatrics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIDS#NASDAQ">KIDS</a>) raises FY2024 sales outlook from $200.00 million-203.00 million to $202.00 million-204.00 million.

OrthoPediatrics Raises FY2024 Sales Guidance from $200.00M-203.00M to $202.00M-204.00M

Montrose Environmental Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEG#NYSE">MEG</a>) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.35 by 17.14 percent. This is a 32.26 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $178.69 million which missed the analyst consensus estimate of $185.47 million by 3.66 percent. This is a 6.40 percent increase over sales of $167.94 million the same period last year.

Montrose Environmental Gr Q3 Adj $0.41 Beats $0.35 Estimate, Sales $178.69M Miss $185.47M Estimate

Cricut: Near-Term Outlook Continues To See Pressure From Poor Macro Backdrop

Cricut Inc ( ($CRCT) ) has shared an update. Cricut, Inc. has expanded its Board of Directors to eight members by appointing Heidi Zak, co-founder ...

Cricut Inc Welcomes Heidi Zak to Expand Board Expertise

The technology industry is booming, driven by breakthroughs and significant government investments. Thus, incorporating affordable tech stocks, Sprinklr (CXM), Sabre Corporation (SABR), and Cricut (CRCT) into your portfolio provides an accessible entry point to capitalize on the industry's growth. Read more… The technology industry is witnessing unprecedented growth, with new innovations emerging at a remarkable pace. The dynamic environment presents investors with a myriad of opportunities. To navigate this landscape, it is crucial to identify tech stocks that not only show promise but also align with industry trends.
Three tech stocks worth considering are Sprinklr, Inc. (<a href="https://stocknews.com/stock/CXM/">CXM</a>), Sabre Corporation (<a href="https://stocknews.com/stock/SABR/">SABR</a>), and Cricut, Inc. (<a href="https://stocknews.com/stock/CRCT/">CRCT</a>). Each of these stocks is currently priced under $10, providing an accessible entry point for investors. By investing in these companies, one can capitalize on the expanding tech ecosystem and its transformative potential.
As technology evolves, several key trends drive this change. One of the most influential factors is <a href="https://www2.deloitte.com/us/en/insights/industry/technology/executives-expect-tech-industry-growth-in-2024.html">the rise of artificial intelligence (AI)</a>. Businesses are increasingly integrating AI into their operations, leveraging its capabilities to enhance productivity and improve customer experiences.
The advancements in AI are reshaping existing business models and creating new market opportunities. In addition to AI, other technological innovations, such as quantum computing and 5G technology, are further redefining the industry.
Quantum computing <a href="https://www.forbes.com/sites/bernardmarr/2024/10/08/the-next-breakthrough-in-artificial-intelligence-how-quantum-ai-will-reshape-our-world/">enables swift resolutions</a> to complex challenges, while 5G offers lightning-fast connectivity, fostering new applications across various sectors. Edge computing further enhances data processing efficiency, allowing companies to respond more effectively to real-time demands.
Government support plays a significant role in this growth. The Biden-Harris Administration recently announced <a href="https://www.commerce.gov/news/press-releases/2024/07/biden-harris-administration-announces-next-funding-round-504-million-12">approximately $504 million</a> in implementation grants for 12 Tech Hubs through the U.S. Department of Commerce's Economic Development Administration (EDA).
Additionally, the administration is <a href="https://www.commerce.gov/news/press-releases/2024/10/biden-harris-administration-invest-100-million-accelerate-rd-and-ai">investing up to $100 million</a> to accelerate research and development in AI technologies focused on sustainable semiconductor materials. These investments reflect the government's commitment to innovation and highlight the potential of the tech industry.
Considering the trends in the industry, let us discuss the fundamentals of three tech stocks that are priced below $10, starting with #3.
Stock #3: Sprinklr, Inc. (<a href="https://stocknews.com/stock/CXM/">CXM</a>)
CXM delivers enterprise cloud software, providing a Unified Customer Experience Management platform. The platform enables customer-facing teams to break down internal silos, engage across digital channels, and access a full suite of tools to enhance customer experiences.
On October 2, CXM <a href="https://investors.sprinklr.com/news/press-releases/detail/210/sprinklr-announces-local-data-hosting-solution-in">launched a local data hosting solution</a> for its Sprinklr platform in Switzerland via Microsoft Azure. The addition allows CXM clients to securely host data within Switzerland, meeting regional security and governance standards.
By offering localized data storage, CXM could strengthen its appeal to Swiss businesses, particularly those in heavily regulated sectors, supporting its growth through enhanced customer confidence and a tailored approach to compliance.
On June 6, CXM <a href="https://investors.sprinklr.com/news/press-releases/detail/202/sprinklr-and-reddit-expand-strategic-partnership-to-help">announced a strategic partnership</a> with Reddit, Inc. (RDDT), integrating RDDT's Data and Advertising APIs into CXM. The partnership provides CXM clients with unique engagement opportunities through RDDT's interest-based communities, offering context-rich advertising that aligns with evolving privacy standards.
The collaboration would enrich CXM's platform, delivering new, valuable engagement tools to its enterprise customers and positioning it as a leader in adaptable customer experience management.
CXM's trailing-12-month gross profit margin of 74.22% is 47.6% higher than the industry average of 50.30%. Its trailing-12-month net income margin of 6.54% is 78.8% higher than the sector average of 3.66%. Likewise, the stock's trailing-12-month ROTA of 5.14% is 151.1% higher than the industry average of 2.00%.
For the fiscal 2025 second quarter that ended on July 31, 2024, CXM's total revenue increased 10.5% year-over-year to $197.21 million. Its non-GAAP gross profit grew 5.8% from the year-ago value to $143.61 million. Plus, the company's non-GAAP net income and non-GAAP net income per share came in at $17.13 million and $0.06, respectively.
Analysts expect CXM's revenue for the fiscal year ending January 2026 to increase 4.3% year-over-year to $819.91 million. Its <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> is expected to grow 26.7% from the prior year to $0.42. In addition, the company topped the consensus revenue estimates in all of the trailing four quarters, which is impressive.
Shares of CXM have surged 4% over the past five days to close the last trading session at $7.37.
CXM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its fundamentals. The stock has a B grade for Value and Quality. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
CXM is ranked #57 out of 130 stocks within the <a href="https://stocknews.com/category/software-application/">Software – Application</a> industry. To check the stock's ratings for Growth, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/CXM/">click here</a>.
Stock #2: Sabre Corporation (<a href="https://stocknews.com/stock/SABR/">SABR</a>)
SABR powers the global travel industry as a software and technology company, supporting a broad range of travel businesses, from airlines and hotels to travel agencies and suppliers. The company operates through two key segments: Travel Solutions and Hospitality Solutions.
On October 28, SABR <a href="https://investors.sabre.com/news-releases/news-release-details/sabre-and-serko-announce-partnership-foster-innovation-corporate">announced an agreement</a> for Serko Limited to acquire GetThere, SABR's business travel management solution. The move would sharpen SABR's focus on delivering robust technology across the travel sector, reinforcing its vision as the industry's most valued platform provider.
By enabling Serko to drive GetThere's expansion, SABR can capitalize on Serko's strengths while concentrating on its core innovations in travel technology.
On October 22, SABR secured <a href="https://investors.sabre.com/news-releases/news-release-details/world-travel-inc-selects-sabre-its-primary-gds-partner">a multi-year distribution agreement</a> with World Travel, Inc., a leading U.S. Travel Management Company. The partnership grants thousands of World Travel agents access to SABR's marketplace, featuring seamless booking across NDC and EDIFACT content.
The expanded reach would elevate SABR's standing in corporate travel, providing agents with enriched booking options that align with modern travel needs.
SABR's trailing-12-month gross profit margin of 59.47% is 58.3% higher than the industry average of 37.57%. The stock's trailing-12-month EBIT margin of 11.15% is 38.6% higher than the sector average of 8.05%. Additionally, its trailing-12-month EBITDA margin of 12.91% is 13.5% higher than the 11.38% industry average.
For the fiscal second quarter that ended on June 30, 2024, SABR's revenue increased 4% year-over-year to $767.24 million. Its adjusted operating income rose 132.1% from the prior year's quarter to $106.99 million. Additionally, the company's adjusted EBITDA grew 76.2% from the year-ago value to $128.69 million.
As of June 30, 2024, SABR's total current assets stood at $1.17 billion, compared to $1.16 billion on December 31, 2023.
For the fiscal year ending December 2025, Street expects SABR's revenue to increase 5.3% year-over-year to $3.05 billion. Its EPS for the same period is expected to come in at $0.21. Moreover, the company surpassed the consensus revenue and EPS estimates in three of the four trailing quarters.
Shares of SABR have surged 15.2% over the past three months and 43.2% over the past six months to close the last trading session at $4.01.
SABR's solid prospects are projected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
SABR has a B grade for Growth, Value, and Quality. It is ranked #22 out of 76 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry.
<a href="https://stocknews.com/stock/SABR/">Click here</a> to see SABR's ratings for Stability, Sentiment, and Momentum.
Stock #1: Cricut, Inc. (<a href="https://stocknews.com/stock/CRCT/">CRCT</a>)
CRCT is a creative technology company that designs and builds an ecosystem of connected cutting machines, accessories, and materials optimized for scalability and integration. It operates across three segments: Connected Machines; Subscriptions; and Accessories and Materials.
CRCT's trailing-12-month EBITDA margin of 18% is 58.2% higher than the industry average of 11.38%. Its trailing-12-month levered FCF margin of 12.36% is 148.6% higher than the sector average of 4.99%. Furthermore, the stock's trailing-12-month net income margin of 9.16% is 102.9% higher than the 4.51% industry average.
CRCT's total revenue for the fiscal 2024 second quarter, which ended June 30, came in at $167.95 million. Its income from operations increased 37.3% year-over-year to $26.43 million. Moreover, the company's net income and EPS rose 23.4% and 28.6% from the previous year's quarter to $19.77 million and $0.09 respectively.
The consensus revenue estimate of $746.34 million for the fiscal year ending December 2025 reflects a year-over-year rise of 1.4%. Its EPS is expected to increase 11.3% from the prior year to $0.30. Furthermore, the company has surpassed the consensus EPS estimates in three of four trailing quarters.
CRCT's stock has surged 5.6% over the past three months and 26% over the past six months to close the last trading session at $6.79.
CRCT's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Quality and a B for Value and Sentiment. CRCT is ranked #12 out of 43 stocks in the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry.
<a href="https://stocknews.com/stock/CRCT/">Click here</a> to check out additional CRCT ratings for Growth, Stability, and Momentum.
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CXM shares fell $0.02 (-0.27%) in premarket trading Tuesday. Year-to-date, CXM has declined -38.95%, versus a 23.12% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/cxm-sabr-crct-3-tech-stocks-under-10-that-could-deliver-big-gains/>3 Tech Stocks Under $10 That Could Deliver Big Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Under $10 That Could Deliver Big Gains

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