La cadena de opciones muestra datos clave de las opciones de acciones de Medpace Hldgs a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Medpace Hldgs..

Medpace Hldgs (NASDAQ:MEDP) Bolsa, Cadena de Opciones

Medpace Hldgs

Medpace is a late-stage contract research organization that provides full-service drug-development and clinical trial services to small and midsize biotechnology, pharmaceutical, and medical-device firms. It also offers ancillary services such as bioanalytical laboratory services and imaging capabilities. The company was founded over 30 years ago and has over 5,400 employees across 40 countries. Medpace is headquartered in Cincinnati and its operations are principally based in the us, but it also operates in Europe, Asia, South America, Africa, and Australia. Cinven, a global private equity firm, acquired Medpace for $915 million in 2014 and exited its investment in 2018.

Medpace Holdings Inc

MEDPACE HOLDINGS ORD

MedPeer Inc

&quot;During this period of market uncertainty, we successfully connected multiple buyers with their respective lenders to fulfill the portfolio closing requirements for the seller, with minimal contingencies and securing non-refundable earnest money,&quot; said Ebrahim Valliani, first vice president investments in Marcus &amp; Millichap&#39;s Chicago Oak Brook office. &quot;We delivered the confidence that the sellers needed for a successful and reliable transaction.&quot; Valliani represented the seller, Skyline Investments Inc., and procured the buyers, with support from Chris Gomes, Allan Miller and Michael Klar of the Miller-Gomes Hotel Team of Marcus &amp; Millichap.

News

Reported Earlier, Marcus & Millichap Closes $101M Sale Of 11-Property Courtyard Hotel Portfolio Across Seven U.S. States

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) to report quarterly earnings at $2.43 per share on revenue of $44.59 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. GM shares gained 0.8% to $49.31 in after-hours trading.</li>
<li>Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) reported better-than-expected financial results for the third quarter on Monday. Zions Bancorporation shares gained 3.2% to $51.00 in the after-hours trading session.</li>
<li>Analysts are expecting Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) to post quarterly earnings at $1.18 per share on revenue of $33.43 billion. The company will release earnings before the markets open. Verizon shares gained 0.4% to $43.86 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>RLI Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) reported stronger-than-expected earnings and sales results for the third quarter on Monday. The company reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of 98 cents per share. The company reported quarterly sales of $401.544 million which beat the analyst consensus estimate of $389.487 million. RLI shares gained 1.2% to $164.00 in the after-hours trading session.</li>
<li>Analysts expect Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) to report quarterly earnings at $6.50 cents per share on revenue of $17.35 billion before the opening bell. Lockheed Martin shares rose 0.3% to $616.50 in after-hours trading.</li>
</ul>
Check This Out:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41429862/this-analyst-with-85-accuracy-rate-sees-around-11-upside-in-netflix-here-are-5-stock-picks-for-last">This Analyst With 85% Accuracy Rate Sees Around 11% Upside In Netflix &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Equities

Pre-Market Outlook

Markets

Trading Ideas

ZION

General Motors, Verizon And 3 Stocks To Watch Heading Into Tuesday

<ul>
<li>Enhanced protection of vision with ANX007 treatment in healthier eyes</li>
<li>Greater preservation of EZ in the central fovea by ANX007 in patients with less advanced GA</li>
<li>Pivotal Phase 3 ARCHER II Data Expected Second Half 2026</li>
</ul>

ANNX

Reported Earlier, Annexon Presents Phase 2 Data On ANX007 In Dry AMD Patients With Less Advanced GA At AAO 2024

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is now offering discounts of up to $4000 on select inventory Model Y and Model 3 vehicles in the U.S. as it looks to avert recording its <a href="https://www.benzinga.com/general/education/24/10/41166723/how-many-evs-has-tesla-delivered-produced-each-quarter-a-look-at-the-results-since-2019">first-ever decline in annual deliveries.</a>
What Happened: An inventory 2024 Model Y Long Range rear-wheel drive is now priced at $41,390 on Tesla&#8217;s website, down from its original starting price of $44,990.
The starting price on a Model 3 Long Range rear-wheel drive variant, meanwhile, is $40,010, <a href="https://www.benzinga.com/news/24/04/38285714/no-more-inventory-discounts-on-tesla-cars-as-ceo-elon-musk-says-sales-system-has-turned-complex-and">down from its original price</a> of $43,490. 
Why It Matters: Tesla delivered 462,890 vehicles&nbsp;in the third quarter, up 6.4% from a year earlier, but still short of estimates. 
The company is currently at risk of reporting its first-ever decline in annual deliveries, particularly after deliveries fell 8.5% year-on-year in the first quarter and 4.8% in the second quarter.
For the full-year 2023, Tesla delivered 1,808,581 vehicles. To mark a growth over last year, the company has to deliver at least 514,926 vehicles in the three months through the end of December.
Price Action: Tesla stock closed 0.84% lower on Monday, at $218.85. Year-to-date, the EV giant&#8217;s shares are down 11.90%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41422292/spacex-ceo-elon-musk-slams-overregulation-in-space-travel-as-he-campaigns-for-trump-if-starship-did">SpaceX CEO Elon Musk Slams Overregulation In Space Travel As He Campaigns For Trump: &#8216;If Starship Did Hit A Whale, Honestly, It&#8217;s Like The Whale Had It Coming&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

TSLA

Tesla Offers Discounts Of Up To $4K On Select Model 3, Y Vehicles As It Looks To Avert 1st-Ever Decline In Annual Deliveries

<ul>
<li>Under the revised agreement, both companies will co-develop four Radio-DARPin programs; each company will have the right to commercialize two programs (previously one each)</li>
<li>Molecular Partners will hold commercial rights to the second nominated Radio-DARPin Candidate, in addition to rights to first program MP0712 targeting DLL3</li>
</ul>

MOLN

Molecular Partners And Orano Med Expand Collaboration To Co-Develop 212Pb-Based Radio-DARPin Therapeutics

Through its investment in Formic Technologies, Mitsubishi Electric aims to develop a new business model that evolves its automation solutions into more accessible formats for its customers going forward.

MIELF

MIELY

Reported Earlier, Mitsubishi Electric's ME Innovation Fund Backs Formic Technologies To Revolutionize Industrial Robotics With Subscription Model

The Federal Trade Commission has enforced a new rule that prohibits the sale or purchase of fake reviews, in a move to maintain the integrity of online reviews and testimonials. The rule, which took effect on Monday, will enable the FTC to impose civil penalties on <a href="https://www.benzinga.com/news/24/10/41393515/ftc-click-to-cancel-rule-makes-it-easy-to-end-subscriptions-what-it-means-for-netflix-planet-fitness">those who knowingly breach it</a>.
What Happened: The FTC&#8217;s new rule, <a href="https://www.ftc.gov/news-events/news/press-releases/2024/08/federal-trade-commission-announces-final-rule-banning-fake-reviews-testimonials">announced</a> in August, aims to curb the proliferation of fake reviews and testimonials that mislead consumers and unfairly disadvantage honest competitors. 
The rule specifically targets reviews attributed to non-existent individuals, those generated by artificial intelligence, or those that misrepresent the reviewer&#8217;s experience.
Businesses are also prohibited from creating or selling fake reviews. Those found to be in violation, including businesses that knowingly purchase fake reviews or use intimidation tactics, will face penalties.
&#8220;As of today, @FTC&#8217;s final rule banning fake online reviews and testimonials has come into effect,&#8221; wrote FTC Chair Lina Khan in a post on X. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As of today, <a href="https://twitter.com/FTC?ref_src=twsrc%5Etfw">@FTC</a>&#39;s final rule banning fake online reviews and testimonials has come into effect. If you encounter any of these prohibited practices, you can report them to <a href="https://twitter.com/FTC?ref_src=twsrc%5Etfw">@FTC</a> at: <a href="https://t.co/k0O6juZImU">https://t.co/k0O6juZImU</a> <a href="https://t.co/I2Rf0b9xTH">https://t.co/I2Rf0b9xTH</a> <a href="https://t.co/60qp2cRJMU">pic.twitter.com/60qp2cRJMU</a>
&mdash; Lina Khan (@linakhanFTC) <a href="https://twitter.com/linakhanFTC/status/1848423333702078550?ref_src=twsrc%5Etfw">October 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41421309/tesla-investor-ross-gerber-calls-it-game-over-as-googles-waymo-expands-robotaxi-presence-in-west?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Investor Ross Gerber Calls It &#8216;Game Over&#8217; As Google&#8217;s Waymo Expands Robotaxi Presence In West LA</a>
Why It Matters: This new rule is part of a series of initiatives led by Khan to ensure fair and transparent business practices. Earlier in September, Khan <a href="https://www.benzinga.com/markets/equities/24/09/41019443/ftc-chair-lina-khan-warns-airlines-may-exploit-ai-for-price-discrimination-raising-concerns-over">raised concerns</a> about the potential misuse of AI by airlines to charge higher prices for vulnerable travelers. 
In October, the FTC also finalized a rule called &#8220;click-to-cancel,&#8221; aimed at <a href="https://www.benzinga.com/news/24/10/41393515/ftc-click-to-cancel-rule-makes-it-easy-to-end-subscriptions-what-it-means-for-netflix-planet-fitness">simplifying subscription cancellations</a>.
The FTC, under Khan&#8217;s leadership, is also under pressure to block the <a href="https://www.benzinga.com/general/biotech/24/10/41277809/ftc-faces-pressure-to-block-novo-nordisk-catalent-merger-over-antitrust-fears">proposed $16.5 billion acquisition</a> of Catalent Inc by Novo Nordisk A/S due to antitrust concerns.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41415466/obama-criticizes-trumps-town-hall-appearance-at-arizona-rally-you-would-be-worried-if-your-grandpa-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama Criticizes Trump&#8217;s Town Hall Appearance At Arizona Rally: &#8216;You Would Be Worried If Your Grandpa Was Acting Like This&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

FTC Rule To Protect Consumers From Fake Reviews, AI-Generated Testimonials Comes Into Effect: What You Need To Know

Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has ceased allowing customers to subscribe to Hulu and Disney+ via Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) App Store, thereby avoiding the iPhone maker&#8217;s in-app purchase fees.
What Happened: The entertainment giant is no longer allowing new or returning subscribers to register and pay for these services through&nbsp;the App Store. However, this change will not impact existing subscribers who are billed through Apple.
Disney is now guiding customers to its websites to view all plans and directly&nbsp;sign up for a subscription. This strategy enables Disney to bypass the&nbsp;15% to 30% fee&nbsp;that Apple imposes for each transaction made via in-app purchases.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41442330/jeff-bezos-would-have-named-amazon-as-relentless-but-then-someone-said-it-sounded-sinister-hes-since?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos Would Have Named Amazon As &#8216;Relentless&#8217; But Then Someone Said It Sounded Sinister — He&#8217;s Since Built A Business Empire That Knows No Limits</a>
This move is in line with Disney&#8217;s latest price increases that came&nbsp;into effect on Oct. 17.&nbsp;The cost of Disney+ plans rose&nbsp;by $2, while Hulu with&nbsp;ads and without ads experienced a $2 and $1 increase, respectively.
The removal of in-app purchase fees seems to be a part of Disney&#8217;s plan to improving streaming revenue, along with price hikes and&nbsp;a recent crackdown on password&nbsp;sharing.
In August, Disney released its financial results for the <a href="https://www.benzinga.com/news/earnings/24/08/40218880/disneys-q3-earnings-revenue-and-eps-beat-streaming-business-turns-profitable-strong-espn-revenue-bo">third quarter of fiscal 2024</a>. For the first time, Disney&#8217;s streaming segment—which includes Disney+, Hulu, and ESPN+—achieved profitability, one quarter ahead of projections.
The streaming division reported an operating profit of $47 million, a notable turnaround from a $512 million loss in the same period last year.
However, when excluding ESPN+, the direct-to-consumer streaming unit still recorded a $19 million loss. Meanwhile, revenue from Disney's traditional TV networks fell by 7%.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Disney's move to halt subscription sign-ups for Hulu and Disney+ via Apple's App Store reflects a broader trend of tech companies pushing back against Apple's in-app purchase policies.
Earlier this year, in January, the Supreme Court gave a decision that <a href="https://www.benzinga.com/government/24/01/36646078/supreme-court-decision-shakes-up-apples-app-store-opens-door-for-cheaper-app-purchases">rejected Apple&#8217;s appeal</a> in an antitrust lawsuit concerning its App Store. The ruling, which also involved Epic Games, the creator of Fortnite, could have a notable impact on Apple&#8217;s revenue.
Previously, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>), the parent company of Tinder, have all <a href="https://www.benzinga.com/news/24/03/37863002/meta-and-microsoft-criticize-apple-for-evading-legal-requirements-post-epic-games-ruling">voiced strong opposition to Apple&#8217;s payment</a> policies.
In the second quarter of 2024, the Apple App Store reportedly generated $24.6 billion in revenue from users worldwide, more than twice the revenue earned by Android users through the Google Play Store.
Projections indicate that by 2027, the Apple App Store could bring in approximately $125 billion in global revenue, while the Google Play Store is expected to reach $60 billion in revenue from subscriptions and in-app purchases, according to Statista.
Image: Shutterstock/ ymgerman
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41418188/ai-power-demand-skyrockets-nvidia-ceo-lauds-openai-and-teslas-optimus-robots-assisted-by-humans-this?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AI Power Demand Skyrockets, Nvidia CEO Lauds OpenAI, And Tesla&#8217;s Optimus Robots Assisted By Humans: This Week In AI</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Entertainment

AAPL

MSFT

MTCH

Disney+ And Hulu Stream Away From Apple's 30% Toll Bridge: What It Means For The iPhone Maker?

Aspen intends to use the net proceeds from the offering for working capital, capital expenditures and general corporate purposes.

ASPN

Reported Earlier, Aspen Aerogels Prices $85M Public Offering Of 4.25M Common Shares At $20/Share

Grupo Aeroportuario del (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAC#NYSE">PAC</a>) reported quarterly earnings of $3.13 per share which beat the analyst consensus estimate of $2.11 by 48.34 percent. This is a 3.3 percent increase over earnings of $3.03 per share from the same period last year. The company reported quarterly sales of $435.100 million which beat the analyst consensus estimate of $377.324 million by 15.31 percent. This is a 0.42 percent increase over sales of $433.301 million the same period last year.

Earnings Beats

Grupo Aeroportuario del Q3 2024 GAAP EPADS $3.13 Beats $2.11 Estimate, Sales $435.100M Beat $377.324M Estimate

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Bank of Japan Core Consumer Price Index (YoY) 1.7% Vs. 1.8% Prior

In a bid to restructure its operations, Jellysmack, a SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>)-backed creator-economy startup, is laying off employees and reducing its creator program.
What Happened: Jellysmack is undergoing a reorganization and will be downsizing its workforce, <a href="https://www.businessinsider.in/tech/news/jellysmack-is-laying-off-staff-as-it-scales-back-its-creator-program/articleshow/114434680.cms">reported</a> Business Insider. The company has confirmed that 22 U.S.-based employees will be affected, with French employees also facing potential layoffs in the coming months.
The company is shifting its focus to its content business, which includes YouTube channels like Gamology, House of Bounce, Beauty Studio, and Oh My Goal. It is scaling back a program that helped creators earn money by posting content on Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)-owned apps like Facebook.
&#8220;Jellysmack is making organizational adjustments to better align resources with key areas of growth,&#8221; a company representative said according to the report. &#8220;Jellysmack&#8217;s goal is to prioritize and invest in our business units that hold IP, given their continued success on YouTube.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41420488/shiba-inu-ready-for-a-lift-off-to-the-moon-popular-analyst-predicts-50-surge-for-memecoin-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Ready For A Lift-Off To The Moon? Popular Analyst Predicts 50% Surge For Memecoin As Burn Rate Spikes 389%</a>
This move comes after Jellysmack faced challenges in its business, including a decrease in monetization across platforms. The company, which initially focused on creating its own YouTube content, shifted to working with other creators to edit and recirculate their content across platforms like Facebook and Snap Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) Snapchat to capture additional ad revenue.
Why It Matters: Jellysmack&#8217;s decision to restructure its operations and focus on its content business comes at a time when the creator economy is undergoing significant changes. Meta Platforms Inc. has also been <a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle">restructuring its operations and laying off employees</a> across Instagram, WhatsApp, and Reality Labs. This is part of a broader trend of tech companies reevaluating their strategies and operations, which has been ongoing for some time.
This was part of a strategic reshuffle aimed at boosting efficiency. The company has also been <a href="https://www.benzinga.com/news/24/03/37501959/meta-employees-fear-layoffs-as-companys-year-of-efficiency-becomes-permanent-report">undergoing a prolonged process of evaluating individual employee performance for 2023</a>, with the reviews now concluding. This has left many employees anxious about their job security.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/10/41348553/jay-z-praised-by-warren-buffett-as-the-guy-to-learn-from-once-said-he-wasnt-taught-emotiona?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jay-Z, Praised by Warren Buffett as &#8216;The Guy to Learn From,&#8217; Once Said He Wasn&#8217;t Taught Emotional Intelligence, But How To Survive — The Rap Legend&#8217;s Growth Has Made Him Not Just A Better Person, But Also Worth $2.5B Today</a></li>
</ul>
Image Via Unsplash 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Social Media

Global

Startups

SFTBF

SFTBY

SNAP

SoftBank-Backed Jellysmack Restructures, Lays Off Employees, And Scales Back Creator Program On Meta Platforms

Outlook
Logitech raised its full-year&nbsp;outlook&nbsp;for Fiscal Year 2025:
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
Previous FY25&nbsp;outlook
</td>
<td colspan="1" rowspan="1">
New FY25&nbsp;outlook
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Sales
</td>
<td colspan="1" rowspan="1">
$4.34&nbsp;-&nbsp;$4.43 billion
</td>
<td colspan="1" rowspan="1">
$4.39&nbsp;-&nbsp;$4.47 billion
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Sales growth (in US dollars, year over year)
</td>
<td colspan="1" rowspan="1">
1%&nbsp;-&nbsp;3%
</td>
<td colspan="1" rowspan="1">
2%&nbsp;-&nbsp;4%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Non-GAAP operating income
</td>
<td colspan="1" rowspan="1">
$700&nbsp;-&nbsp;$730 million
</td>
<td colspan="1" rowspan="1">
$720&nbsp;-&nbsp;$750 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Non-GAAP op. inc. growth (year over year)
</td>
<td colspan="1" rowspan="1">
0%&nbsp;-&nbsp;4%
</td>
<td colspan="1" rowspan="1">
3%&nbsp;-&nbsp;7%
</td>
</tr>
</tbody>
</table>

Guidance

LOGI

Logitech Raises 2025 Outlook, Now Expects Sales Of $4.39B-$4.47B (Prior $4.34B-$4.43B) Vs. $4.512B Consensus, And Non-GAAP Operating Income Of $720M-$750M (Prior $700M-$730M)

Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) reported quarterly earnings of $1.20 per share which beat the analyst consensus estimate of $0.99 by 21.21 percent. This is a 10.09 percent increase over earnings of $1.09 per share from the same period last year. The company reported quarterly sales of $1.116 billion which beat the analyst consensus estimate of $1.110 billion by 0.55 percent. This is a 5.58 percent increase over sales of $1.057 billion the same period last year.

Logitech International Q2 2025 Adj. EPS $1.20 Beats $0.99 Estimate, Sales $1.116B Beat $1.110B Estimate

In a recent study, researchers have suggested that Arkansas could potentially hold a significant amount of lithium, a crucial component for electric car batteries and other high-tech products.
What Happened: The researchers, in a study published in the journal Science Advances, have estimated that there could be between 5.1 to 19 million tons of lithium in the Smackover Formation brines in southern Arkansas, <a href="https://thehill.com/policy/energy-environment/4945872-arkansas-19-million-tons-lithium-battery-power/">reported</a> The Hill. This amount could potentially make up 35 to 136% of the current U.S. lithium resource estimate.
The researchers used a machine-learning model trained on published and newly collected brine lithium concentration data to create a map of predicted lithium concentrations in Smackover Formation brines across southern Arkansas.
Lithium ETFs offer a way to diversify your investments across multiple companies poised to benefit from the growing demand for lithium. 
Some of the top lithium ETFs to consider include the Global X Lithium &amp; Battery Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIT#NYSE">LIT</a>), Amplify Lithium and Battery Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BATT#NYSE">BATT</a>), First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQGM:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQGM">QCLN</a>), iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>), and the VanEck Vectors Rare Earth/Strategic Metals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REMX#NYSE">REMX</a>).
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41422633/investors-lost-over-95-of-their-wealth-in-this-nvidia-linked-etf-while-jensen-huang-led-chip-gia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here&#8217;s More</a>
Why It Matters: Automakers and tech companies are scrambling to <a href="https://www.benzinga.com/markets/equities/24/10/41360023/lithium-americas-shares-surge-as-gm-commits-625m-to-thacker-pass-project">secure their lithium supplies</a>, with some even investing in mining projects, such as General Motors&#8216; joint venture with Lithium Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) for the Thacker Pass lithium project in Nevada.
Meanwhile, in Europe, the Serbian parliament&#8217;s decision <a href="https://www.benzinga.com/government/24/10/41289306/serbian-parliament-doesnt-pass-lithium-ban-keeps-rio-tintos-major-project-alive">not to ban lithium exploration and exploitation</a> has kept Rio Tinto&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) major Jadar project alive. 
In January, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) revealed its <a href="https://www.benzinga.com/top-stories/24/02/37188987/interesting-elon-musk-captivated-by-microsofts-70-lithium-reduced-battery-innovation">collaboration with a U.S. national laboratory</a> to create an innovative battery material that decreases lithium consumption by 70%, attracting interest from Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk.
Moreover, in July 2022 Musk tweeted that &#8220;lithium batteries are the new oil,&#8221; responding to Craft Ventures co-founder David Sacks&#8216; comments about the importance of <a href="https://www.benzinga.com/trading-ideas/movers/22/07/28056987/elon-musk-says-this-battery-metal-is-the-new-oil-but-should-the-vehicle-connoisseur-take-his">energy independence amid oil challenges</a> from Russia&#8217;s invasion of Ukraine. 
Read Next: 
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<li><a href="https://www.benzinga.com/insights/options/24/10/41411253/palantir-technologies-unusual-options-activity?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir Technologies Unusual Options Activity</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Sector ETFs

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BATT

iShares S&P Global Clean Energy Index Fund

ICLN

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

Market Vectors Rare Earth/Strategic Metals Etf

REMX

Arkansas May Be Sitting On 19M Tons Of Lithium Amid Rising Demand For EV Batteries: How To Invest In What Elon Musk Calls 'The New Oil'

Feline-themed cryptocurrency, cat in a dogs world (MEW) defied the broader slump in meme coin space on Monday to become one of the market&#8217;s top gainers.
What Happened: MEW, the fourth-largest meme coin on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) by market capitalization, spiked over 6% in the last 24 hours, bucking the trend of declines in more established tokens. As of this writing, it was the third-best-performing cryptocurrency in the 24-hour period.
The meme currency&#8217;s trading volume soared a massive 353% in the last 24 hours, indicating strong buying pressure. With the latest rally, MEW&#8217;s monthly gains elevated to over 88%, while year-to-date it was up 414%.
The stated aim of the project was to challenge the dominance of dog-themed meme coins and herald the &#8220;dawn of a new era&#8221; of cat-inspired tokens.
Interestingly, another cat-themed memecoin,&nbsp;Popcat&nbsp;(SOL), is currently the&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40357274/cat-themed-popcat-has-popped-whopping-6813-this-year-feline-themed-coins-are-challenging-s" target="_blank" rel="noreferrer noopener">top performer</a>&nbsp;for 2024, soaring an impressive 16492% year-to-date.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41441309/henry-ford-wasnt-satoshi-nakamoto-but-auto-entrepreneur-may-have-predicted-bitcoin">Henry Ford Wasn&#8217;t Satoshi Nakamoto, But Auto Entrepreneur May Have Predicted Bitcoin</a>
The rally was in sharp contrast to the broader drop across the meme coin space, with the total market cap contracting nearly 2% over the last 24 hours. Blue-chip currencies like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) fell 0.72% and 3.13%, respectively.
The cryptocurrency market<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41442655/bitcoin-ethereum-dogecoin-plunge-after-hitting-multi-month-highs-dont-be-scared-to-buy-btc"> pulled back Monday after hitting multi-month highs a day earlier</a>. Heavyweights Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) retreated 2.22% and 3.28%, respectively, over the last 24 hours.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41442996/brad-garlinghouse-defends-ripple-co-founders-donation-to-kamala-harris-while-top-crypto-an">Brad Garlinghouse Defends Ripple Co-Founder&#8217;s Donation To Kamala Harris While Top Crypto Analyst Throws XRP &#8216;Securities&#8217; Jibe</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Movers

$BTC

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$ETH

$SHIB

$SOL

Cat In A Dog's World Brushes Off Market Pullback With 6% Spike — Dogecoin, Shiba Inu YTD Performance Pales Against Feline-Themed Coin's 415% Gain

Commodity Futures Trading Commission chair, Rostin Behnam, has urged Congress to address the regulation of cryptocurrency and election betting legislation.
What Happened: Behnam made these remarks during the Securities Industry and Financial Markets Association&#8217;s annual meeting Monday, as <a href="https://www.theblock.co/post/322365/cftc-chair-behnam-presses-congress-to-act-on-crypto-and-election-betting-legislation?utm_source=twitter&amp;utm_medium=social">reported </a>by The Block. He stated that the CFTC views event contracts on elections as illegal, and such offerings put the agency in a tough spot as an &#8220;election cop.&#8221;
&#8220;This is a classic area where I think Congress should actually weigh in,&#8221; Behnam said.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41441309/henry-ford-wasnt-satoshi-nakamoto-but-auto-entrepreneur-may-have-predicted-bitcoin">Henry Ford Wasn&#8217;t Satoshi Nakamoto, But Auto Entrepreneur May Have Predicted Bitcoin</a>
Why It Matters: Betting platforms like Polymarket and Kalshi have gained significant traction in the ongoing election cycle, with billions gambled on who among Donald Trump and Kamala Harris would become president.
Kalshi <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41158370/wanna-put-your-money-on-trump-or-harris-crypto-based-polymarket-gets-competition-after-kal">resumed taking bets</a> on the outcome of congressional elections after an appeals court lifted a ban on the platform's operations by the CFTC earlier this month. 
On the other hand, Polymarket has remained offshore since the CFTC penalized it $1.4 million and issued a cease-and-desist order for regulatory <a href="https://www.cftc.gov/PressRoom/PressReleases/8478-22">violations </a>in January 2022. As such, U.S. residents can&#8217;t use the platform.
Polymarket, which is built atop Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>), <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41363075/26m-bet-on-trumps-election-victory-fuels-speculation-of-coordinated-activity-on-polymarket">has also garnered publicity</a> over concerns of market manipulation and attempts to influence public opinion.
Billionaire investor Mark Cuban stated that <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41434026/mark-cuban-dismisses-polymarket-election-odds-as-meaningless-most-of-the-money-is-foreign">he does not believe</a> Polymarket's odds are indicative of anything meaningful, pointing out the influence of foreign money and questionable legality for U.S. participants.
That said, &nbsp;the prediction platform&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40997135/peter-thiel-backed-crypto-based-betting-platform-polymarket-might-be-contemplating-a-token">has received funding</a> from U.S.-based tech tycoons such as Peter Thiel.
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41437657/ripple-co-founder-donates-10-million-to-kamala-harris-campaign">Ripple Co-Founder Donates $10 Million To Kamala Harris&#8217; Campaign</a></li>
</ul>

$MATIC

Amid Kamala Harris-Trump Polymarket Hype, CFTC Chair Wary Of Turning Into An 'Election Cop' — Wants Congress To Make Moves On Crypto And Election Betting

Billionaire entrepreneur&nbsp;Mark Cuban&nbsp;has denied reports that he suggested a live interview between Vice President&nbsp;Kamala Harris&nbsp;and&nbsp;Tesla and SpaceX CEO Elon Musk. This comes in the wake of reports that the Harris campaign declined such a proposal.
What Happened: On Monday, The Hill <a href="https://thehill.com/policy/technology/4945280-vice-president-harris-musk-interview/">reported</a> that during an appearance on CNBC&#8217;s &#8220;Squawk Box,&#8221; Cuban said that Harris&#8217;s campaign denied the idea of an interview on X, formerly Twitter, with Musk.
Responding to Cuban&#8217;s comments on CNBC, Musk had also shown interest in doing this interview.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm happy to have a live discussion, so there can't be any "distortion" &#x1f92d; That would be so awesome. Please can we do this &#x1f64f;. Pretty please.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1848356970601857460?ref_src=twsrc%5Etfw">October 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41373962/trump-campaigns-snapchat-absence-potentially-gives-harris-edge-among-young-voters?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Campaign&#8217;s Snapchat Absence Potentially Gives Harris Edge Among Young Voters</a>
However, following the publication of the report, Cuban stated that he never asked Harris&#8217;s campaign about any interview but for a private discussion.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I asked if they wanted to have a discussion. Not an interview
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1848468935819018637?ref_src=twsrc%5Etfw">October 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In a separate <a href="https://x.com/mcuban/status/1848470158811271606?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1848470158811271606%7Ctwgr%5E5b38da1a3bf6b2496358a8af6329529a038a57d3%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Feditorial.benzinga.com%2Fwp-admin%2Fpost.php%3Faction%3Deditpost%3D606307">post</a>, he shared the news article and reiterated his posting saying, &#8220;That is not what I said. I said that I asked them if they would be interested in talking to Elon. They said they would, but they didn't trust him not to disclose on X, what was said.&#8221;
Why It Matters: This incident underscores a potential miscommunication or misreporting involving the &#8220;Shark Tank&#8221; star. 
The controversy centers around Cuban&#8217;s statement that he proposed a private conversation,&nbsp;not a public interview, and&nbsp;the Harris campaign&#8217;s apprehensions about Musk potentially disclosing the conversation details online.
Cuban and Musk are currently clashing over their differing political views. The Tesla CEO has been actively supporting Republican presidential nominee Donald Trump, often using social media to share his opinions and allegations of election fraud.
Meanwhile, Cuban has thrown his support behind Democratic presidential candidate Harris. Over the weekend, Cuban also questioned the legality of <a href="https://www.benzinga.com/news/24/10/41422464/mark-cuban-questions-legality-of-elon-musks-1m-daily-pac-giveaway-but-tesla-ceo-highlights-the-shark">Musk&#8217;s $1 million daily PAC giveaway</a>.
Previously, Cuban also shared his views on Musk&#8217;s support for Trump despite their <a href="https://www.benzinga.com/news/24/09/40958452/mark-cuban-says-elon-musk-believes-hes-much-smarter-than-trump-reveals-the-intoxicating-reason-why-t">differing stances on climate change</a>.
He also warned <a href="https://www.benzinga.com/news/24/09/41083814/mark-cuban-warns-elon-musk-that-when-the-time-comes-he-needs-trump-the-most-he-will-find-out-the-tru">Musk about Trump&#8217;s loyalty</a>, saying, &#8220;At the point you need him the most, you will find out what so many before you have learned, his loyalty is only to himself.&#8221;
Read Next:
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<li><a href="https://www.benzinga.com/markets/esg/24/10/41426513/plug-power-evgo-enovix-analyst-clean-tech-picks-for-navigating-election-exposure-hedging-uncertainty?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Plug Power, EVgo, Enovix: Analyst Clean Tech Picks For Navigating Election Exposure, Hedging Uncertainty</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Politics

Mark Cuban: Harris Campaign Declined Private Talk With Elon Musk Over Public Disclosure Concerns, Not Live Interview — 'They Didn't Trust Him Not To Disclose On X'

Brad Garlinghouse, the CEO of Ripple Labs, underscored the significance of engaging with candidates promoting pro-cryptocurrency policies, irrespective of political affiliations.
What Happened: Responding to an X post by the co-founder of the company, Chris Larsen, who announced donating $10 million in XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) for Kamala Harris&#8216; campaign, Garlinghouse said he respected everyone&#8217;s right to support candidates they liked.
&#8220;Ripple will continue to engage with both Democrats and Republicans in the final days of the campaigns (and after the election) to promote pro-crypto policies,&#8221; Garlinghouse stated, emphasizing the need for bipartisan backing to policies supporting innovation in the industry.
&#8220;We need to immediately change course from this administration's misguided war on cryptocurrency,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I respect Chris' (and everyone's!) right to support whomever they think is best to lead the U.S. We need to immediately change course from this administration's misguided war on crypto. Ripple will continue to engage with both Democrats and Republicans in the final days of…
&mdash; Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1848407530458042687?ref_src=twsrc%5Etfw">October 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, influential cryptocurrency analyst Ali Martinez poked fun at Chris Larsen&#8217;s continued financial support for Harris, saying, &#8220;May be XRP and XLM should be deemed securities after all!&#8221; 
The cheeky remark was aimed at the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41157465/gary-genslers-sec-appeals-2023-ruling-against-ripple-labs-xrp-tanks-10-just-prolongs-compl">ongoing legal battle</a> between Ripple and SEC over the security status of XRP.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">May be XRP and XLM should be deemed securities after all!
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1848415320685613234?ref_src=twsrc%5Etfw">October 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41434026/mark-cuban-dismisses-polymarket-election-odds-as-meaningless-most-of-the-money-is-foreign">Mark Cuban Dismisses Polymarket Election Odds As Meaningless: &#8216;Most Of The Money Is Foreign&#8217;</a>
Why It Matters: Larsen made <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41437657/ripple-co-founder-donates-10-million-to-kamala-harris-campaign">three separate donations in September</a> to Future Forward, the Super PAC backing Harris, totaling close to $10 million. This was on top of an earlier contribution of $1 million in XRP to the same PAC in August.
Interestingly, Ripple legal chief Stuart Alderoty donated $300,000 in XRP to a Donald Trump-supporting PAC called Trump 47 PAC, according to a recent <a href="https://docquery.fec.gov/cgi-bin/forms/C00867937/1828468/">filing</a> with the Federal Election Commission. 
The cryptocurrency industry has become a significant player in the 2024 U.S. election cycle. Crypto-linked political action committees (PACs) have contributed nearly $130 million to both Republican and Democratic candidates, focusing on key congressional races, <a href="https://www.youtube.com/watch?v=a7bT_THhSPE">according</a> to CNBC. 
Did You Know? 
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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$XRP

Brad Garlinghouse Defends Ripple Co-Founder's Donation To Kamala Harris While Top Crypto Analyst Throws XRP 'Securities' Jibe

SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) exceeded <a href="https://www.benzinga.com/news/earnings/24/10/41439701/sap-stock-climbs-after-mixed-q3-results-eps-beat-revenues-miss">earnings expectations in its latest quarter</a>, with Wedbush Securities analyst Dan Ives highlighting the European tech giant&#8217;s emerging role in the artificial intelligence revolution alongside industry leaders NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
What Happened: &#8220;SAP is going to be a foundational player,&#8221; Ives <a href="https://www.cnbc.com/video/2024/10/21/ives-sap-will-be-a-foundational-player-in-the-ai-market.html">told</a> CNBC. &#8220;I think it&#8217;s going to be a huge step in the right direction on cloud checks, actually very strong for SAP.&#8221;
The German software giant&#8217;s transformation to cloud-based services continues to accelerate, with Ives noting that cloud operations now represent approximately 45% of the company&#8217;s business. This figure is projected to reach 70% by the end of next year, signaling a significant shift in SAP&#8217;s business model.
The German software giant&#8217;s transformation to cloud-based services continues to accelerate, with Ives noting that cloud operations now represent approximately 45% of the company&#8217;s business. This figure is projected to reach 70% by the end of next year, signaling a significant shift in SAP&#8217;s business model.
&#8220;This speaks to the second derivative of the AI revolution,&#8221; Ives said. &#8220;It&#8217;s not just about NVIDIA and Microsoft, SAP is now joining that AI party.&#8221;
The results come as enterprise resource planning (ERP) and logistics software providers increasingly integrate AI capabilities into their offerings. Ives positioned SAP alongside Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Microsoft, and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) as major beneficiaries of this trend, suggesting these companies will see &#8220;incremental string from enterprises accelerating AI cloud appointment.&#8221;
The growing emphasis on AI integration in enterprise software marks a significant shift in the industry, with traditional ERP providers like SAP adapting their offerings to meet the increasing demand for AI-powered solutions. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41442502/jim-cramer-says-buy-the-amex-dip-citing-love-from-millennial-and-gen-z-members-younger-customers">Jim Cramer Says Buy The AmEx Dip Citing Love From Millennial And Gen Z Members — Younger Customers Will Stick With The &#8216;Company For Decades&#8217;</a>
Why It Matters: SAP reported adjusted earnings of $1.33 per share, beating the consensus estimate of $1.32. Quarterly revenue came in at $9.16 billion, slightly below the <a href="https://www.benzinga.com/news/earnings/24/10/41439701/sap-stock-climbs-after-mixed-q3-results-eps-beat-revenues-miss">consensus estimate of $9.17 billion</a>. 
On Monday, Ives also mentioned other companies like Palantir, IBM, AMD, and Apple making <a href="https://www.benzinga.com/markets/equities/24/10/41420779/dan-ives-acknowledges-nvidia-microsoft-as-core-drivers-of-ai-but-sees-palantir-ibm-amd-and-apple">significant moves in artificial intelligence</a>.
Despite the positive earnings, SAP has been under scrutiny due to a <a href="https://www.benzinga.com/government/24/09/41029962/department-of-justice-investigates-sap-carahsoft-in-2b-price-fixing-probe">Department of Justice investigation</a> into allegations of overcharging U.S. government agencies. This investigation has been ongoing since at least 2022 and focuses on potential price-fixing schemes involving $2 billion worth of SAP technology sold to U.S. military and government agencies since 2014.
Price Action: SAP SE stock closed at $229.48 on Monday, down 0.42% for the day. In after-hours trading, the stock saw a notable increase, rising 3.54%. Year to date, SAP has gained 52.77%, according to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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</ul>
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors

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Options Volatility and Implied Earnings Moves Today, October 21, 2024

Reports Q3 revenue $533.3M, consensus $540.99M. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial new...

Medpace reports Q3 EPS $3.01, consensus $2.78

Consensus $11.56. Cuts FY24 revenue view to $2.09B-$2.13B from $2.125B-$2.175B, consensus $2.14B. Published first on TheFly – the ultimate source f...

Medpace raises FY24 EPS view to $11.71-$12.09 from $11.24-$11.93

Medpace falls 11% after hours following revenue disappointments

Check out this evening's top movers from around Wall Street, compiled by The Fly.&nbsp;&nbsp; HIGHER AFTER EARNINGS – Flexsteel Industries (FLXS)&n...

Closing Bell Movers: Medpace down 11% after cutting FY24 revenue guide

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Legal

Press Releases

Bragar Eagel & Squire, P.C. Is Investigating Cardlytics, Medpace, Customers Bancorp, and Ibotta and Encourages Investors to Contact the Firm

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Medpace Holdings, Inc. - MEDP

MEDP INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Medpace Holdings, Inc. and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C. Is Investigating MaxLinear, Centuri, Medpace, and Franklin and Encourages Investors to Contact the Firm

Medpace Holdings (MEDP) Reveals "Shocking" Bookings Miss, Shares Fall - Hagens Berman

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