Ultime notizie per IDT (NYSE:IDT) Azioni

IDT Corp is a multinational holding company. It operates in the telecommunications and payment industries. It has four reportable business segments, Fintech, National Retail Solutions; net2phone and Traditional Communications, The Fintech segment is comprised of National Retail Solutions (NRS), an operator of a nationwide point of sale (POS) network providing payment processing, digital advertising, transaction data, and ancillary services, and BOSS Money, a provider of international money remittance and related value/payment transfer services. The net2phone segment provides unified cloud communications and telephony services to business customers.

IDT Corp

IDenta Corp

ISHARES MSCI TRKY UCITS USD DIST ETF

IS TRSRY BD 20+YR UCITS USD DIST ETF

ISHRS TREAS 7-10YR USD DIST  ETF

ISHARES USD TIPS UCITS USD ACC ETF

INDUTRADE AB UNSP/ADR by Indutrade AB

INDUSTRIVARDEN AB A SHS by Industrivarden AB

Industrivarden AB

IS MSCI TAIWAN UCITS USD (DIST) ETF

MARCELO FISCHER, Chief Financial Officer at IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>), disclosed an insider sell on October 15, according to a recent SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001005731/000095017024114806//Archives/edgar/data/1005731/000095017024114806/0000950170-24-114806-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that FISCHER sold 2,406 shares of IDT. The total transaction amounted to $114,787. 
IDT's shares are actively trading at $46.59, experiencing a down of 0.38% during Wednesday's morning session.
<h3>Discovering IDT: A Closer Look</h3>
IDT Corp is a multinational holding company. It primarily operates in the telecommunications and payment industries. It has four reportable business segments, Fintech, National Retail Solutions &amp; net2phone and Traditional Communications, The Fintech segment is comprised of National Retail Solutions (NRS), an operator of a nationwide point of sale (POS) network providing payment processing, digital advertising, transaction data, and ancillary services, and BOSS Money, a provider of international money remittance and related value/payment transfer services. The net2phone segment provides unified cloud communications and telephony services to business customers.
<h3>Understanding the Numbers: IDT's Finances</h3>
Revenue Growth: Over the 3 months period, IDT showcased positive performance, achieving a revenue growth rate of 3.07% as of 31 July, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Communication Services sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 33.09%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): IDT's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 1.45.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.01.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: IDT's current Price to Earnings (P/E) ratio of 18.41 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.99, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 12.01 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Unmasking the Significance of Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001005731">Check Out The Full List Of IDT's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Insider Trades

Trading Ideas

Chief Financial Officer Of IDT Makes $114K Sale

U.S. stocks were higher, with the Dow Jones index gaining around 0.2% on Wednesday.
Shares of Arcadium Lithium plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) rose sharply during Wednesday's session after the company <a href="https://www.benzinga.com/m-a/24/10/41250060/arcadium-lithium-stock-is-soaring-wednesday-whats-behind-the-move">announced it will be acquired by Rio Tinto.</a>
Rio Tinto and Arcadium Lithium entered into a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for $5.85 per share, valuing the company at approximately $6.7 billion.
Arcadium Lithium shares jumped 30.5% to $5.54 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>MicroCloud Hologram Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares surged 33.1% to $6.89.</li>
<li>Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) gained 20.6% to $75.22 after the company reported better-than-expected second-quarter financial results.</li>
<li>Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) shares jumped 15.7% to $61.31 after the company announced a new portfolio of fabric switches purpose-build for AI infrastructure at cloud-scale. Also, Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $55 to $74.</li>
<li>Standard Lithium Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLI#NYSE">SLI</a>) surged 14.6% to $1.9788.</li>
<li>IDT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) gained 14.5% to $44.03.</li>
<li>Luminar Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) climbed 10.7% to $0.9196.</li>
<li>Sigma Lithium Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGML#NASDAQ">SGML</a>) rose 9.4% to $14.44.</li>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) surged 9.3% to $12.46. EF Hutton analyst Jason Kolbert initiated coverage on Biomea Fusion with a Buy rating and announced a price target of $128.</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) gained 8.1% to $22.48. Citigroup analyst James Hardiman upgraded Norwegian Cruise Line from Neutral to Buy and raised the price target from $20 to $30.</li>
<li>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) rose 6.8% to $6.88.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) climbed 5.4% to $47.80.</li>
<li>GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) gained 5.3% to $52.60. Morgan Stanley analyst Sanjit Singh initiated coverage on GitLab with an Overweight rating and announced a price target of $70.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) rose 3.3% to $30.50. TD Cowen analyst Bill Kerr initiated coverage on Chewy with a Buy rating and announced a price target of $38.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41238686/jim-cramer-ast-spacemobile-is-just-too-hot-recommends-buying-this-tech-stock">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a></li>
</ul>

Earnings

Markets

Movers

ALAB

ALTM

ARRY

BMEA

CHWY

GTLB

HELE

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

LAZR

NCLH

SGML

SMCI

Arcadium Lithium, Norwegian Cruise Line, GitLab, Chewy And Other Big Stocks Moving Higher On Wednesday

IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) reported quarterly earnings of $0.57 per share. This is a 58.33 percent increase over earnings of $0.36 per share from the same period last year. The company reported $308.80 million in sales this quarter. This is a 1.62 percent increase over sales of $303.88 million the same period last year.

IDT Q4 Adj $0.57 Up From $0.36 YoY, Sales $308.80M Up From $303.88M YoY

IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) reported quarterly earnings of $0.38 per share. This is a 17.39 percent decrease over earnings of $0.46 per share from the same period last year. The company reported $299.60 million in sales this quarter. This is a 0.10 percent increase over sales of $299.30 million the same period last year.

IDT Q3 Adj $0.38 Down From $0.46 YoY, Sales $299.60M Up From $299.30M YoY

BOSS Money Announces Expansion Of Money Transfer Service To Include Domestic Transfers Within The U.S

As of March 7, 2024, three stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>IDT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/idt#NYSE">IDT</a>)</h3>
<ul>
<li>On March 6, IDT posted an increase in EPS for its second quarter. Shmuel Jonas, CEO, said, &ldquo;The second quarter was highlighted by the continued expansion of our growth businesses, with both NRS and BOSS Money surpassing the $100 million annual revenue run rate milestone.&rdquo; The company&rsquo;s stock gained around 7% over the past month and has a <a href="https://www.benzinga.com/quote/IDT">52-week high of $38.04 </a>.</li>
<li>RSI Value: 72.33</li>
<li>IDT Price Action: Shares of IDT gained 0.4% to close at $37.19 on Wednesday.</li>
</ul>
<h3>Sphere Entertainment Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sphr#NYSE">SPHR</a>)</h3>
<ul>
<li>On Feb. 5, Sphere Entertainment clocked a 97% year-on-year revenue growth to $314.2 million, beating the consensus of $301.8 million. Executive Chairman and CEO James L. Dolan said, &ldquo;With positive adjusted operating income at the Sphere segment in our first full quarter of operations in Las Vegas, our early results are beginning to prove that thesis, and we remain confident in the global opportunities ahead.&rdquo; The company&rsquo;s stock gained around 15% over the past five days and <a href="https://www.benzinga.com/quote/SPHR"> has a 52-week high </a> of $49.00.</li>
<li>RSI Value: 80.93</li>
<li>SPHR Price Action: Shares of Sphere Entertainment gained 1.2% to close at $48.12 on Wednesday.</li>
</ul>
<h3>Sea Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/se#NYSE">SE</a>)</h3>
<ul>
<li>On March 4, Sea reported fourth-quarter fiscal 2023 revenue growth of 4.8% year-on-year to $3.62 billion, beating the consensus of $3.55 billion. &ldquo;I am happy to share that we have achieved our first full year of annual profit since our IPO,&rdquo; said Forrest Li, Sea&rsquo;s Chairman and Chief Executive Officer. The company&rsquo;s stock gained around 22% over the past five days has a <a href="https://www.benzinga.com/quote/SE"> 52-week high </a> of $88.84.</li>
<li>RSI Value: 88.80</li>
<li>SE Price Action: Shares of Sea gained 6.2% to close at $59.22 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/03/37527629/kroger-broadcom-and-3-stocks-to-watch-heading-into-thursday"> Kroger, Broadcom And 3 Stocks To Watch Heading Into Thursday </a> 
5

Short Ideas

Small Cap

Pre-Market Outlook

SPHR

Top 3 Tech And Telecom Stocks That May Keep You Up At Night This Quarter

IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) reported quarterly earnings of $0.67 per share. This is a 8.06 percent increase over earnings of $0.62 per share from the same period last year. The company reported $296.10 million in sales this quarter. This is a 5.68 percent decrease over sales of $313.94 million the same period last year.

IDT Q2 EPS $0.67 Up From $0.62 YoY, Sales $296.10M Down From $313.94M YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; CTS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTS#NYSE">CTS</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $708.85 million.
&bull; Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) is likely to report quarterly earnings at $0.32 per share on revenue of $2.28 billion.
&bull; JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) is likely to report quarterly earnings at $0.63 per share on revenue of $42.16 billion.
&bull; Super Group (SGHC) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $326.63 million.
&bull; Sotherly Hotels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHO#NASDAQ">SOHO</a>) is projected to report earnings for its fourth quarter.
&bull; Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) is estimated to report quarterly earnings at $0.67 per share on revenue of $2.27 billion.
&bull; Nexxen International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXN#NASDAQ">NEXN</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $86.80 million.
&bull; VersaBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBNK#NASDAQ">VBNK</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $22.43 million.
&bull; Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) is expected to report quarterly earnings at $2.83 per share on revenue of $1.43 billion.
&bull; Brown Forman Inc Class B Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is expected to report quarterly earnings at $0.56 per share on revenue of $1.12 billion.
&bull; WAVE Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) is likely to report quarterly loss at $0.23 per share on revenue of $19.86 million.
&bull; Yatsen Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YSG#NYSE">YSG</a>) is projected to report earnings for its fourth quarter.
&bull; iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDIG#NASDAQ">SDIG</a>) is projected to report quarterly loss at $0.98 per share on revenue of $22.21 million.
&bull; InspireMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSPR#NASDAQ">NSPR</a>) is expected to report quarterly loss at $0.19 per share on revenue of $1.63 million.
&bull; Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) is estimated to report quarterly earnings at $0.99 per share on revenue of $658.50 million.
&bull; Kamada (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KMDA#NASDAQ">KMDA</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $37.71 million.
&bull; PureCycle Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCT#NASDAQ">PCT</a>) is projected to report quarterly loss at $0.23 per share on revenue of $180 thousand.
&bull; Xeris Biopharma Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XERS#NASDAQ">XERS</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $43.55 million.
&bull; Genius Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GENI#NYSE">GENI</a>) is expected to report quarterly loss at $0.07 per share on revenue of $126.13 million.
&bull; Adaptimmune Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADAP#NASDAQ">ADAP</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $20.47 million.
&bull; NeueHealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEUE#NYSE">NEUE</a>) is estimated to report quarterly loss at $4.16 per share on revenue of $283.44 million.
&bull; Campbell Soup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $2.44 billion.
&bull; EVgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) is projected to report quarterly loss at $0.18 per share on revenue of $44.03 million.
&bull; Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) is estimated to report quarterly loss at $2.01 per share on revenue of $55.25 million.
&bull; BrainsWay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWAY#NASDAQ">BWAY</a>) is expected to report quarterly loss at $0.01 per share on revenue of $8.42 million.
&bull; Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) is estimated to report quarterly loss at $0.40 per share on revenue of $1.75 million.
&bull; European Wax Center (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $54.08 million.
&bull; REV Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REVG#NYSE">REVG</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $579.42 million.
&bull; United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) is likely to report quarterly loss at $0.01 per share on revenue of $7.87 billion.
&bull; Berry Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRY#NASDAQ">BRY</a>) is projected to report quarterly earnings at $0.24 per share on revenue of $182.37 million.
&bull; Brown Forman Inc Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is estimated to report earnings for its third quarter.
&bull; Trinity Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIN#NASDAQ">TRIN</a>) is estimated to report quarterly earnings at $0.54 per share on revenue of $46.42 million.
&bull; Antero Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) is expected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) is likely to report quarterly earnings at $0.37 per share on revenue of $144.29 million.
&bull; Emergent BioSolutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) is estimated to report quarterly loss at $0.19 per share on revenue of $293.53 million.
&bull; Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $261.00 million.
&bull; Inovio Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INO#NASDAQ">INO</a>) is estimated to report quarterly loss at $1.27 per share on revenue of $340 thousand.
&bull; Companhia Siderurgica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SID#NYSE">SID</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $2.32 billion.
&bull; Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $44.09 million.
&bull; TDCX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDCX#NYSE">TDCX</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $121.92 million.
&bull; Vermilion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VET#NYSE">VET</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $440.69 million.
&bull; VSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSEC#NASDAQ">VSEC</a>) is expected to report quarterly earnings at $0.75 per share on revenue of $234.91 million.
&bull; Victoria&#39;s Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is projected to report quarterly earnings at $2.47 per share on revenue of $2.09 billion.
&bull; SandRidge Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SD#NYSE">SD</a>) is likely to report earnings for its fourth quarter.
&bull; CPS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPSH#NASDAQ">CPSH</a>) is projected to report earnings for its fourth quarter.
&bull; Grove Collaborative Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) is expected to report quarterly loss at $0.23 per share on revenue of $61.45 million.
&bull; KLX Energy Services Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLXE#NASDAQ">KLXE</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $212.97 million.
&bull; Culp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CULP#NYSE">CULP</a>) is likely to report quarterly loss at $0.16 per share on revenue of $59.49 million.
&bull; GEN Restaurant Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GENK#NASDAQ">GENK</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $43.95 million.
&bull; MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $174.28 million.
&bull; IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) is projected to report earnings for its second quarter.
&bull; FRP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPH#NASDAQ">FRPH</a>) is projected to report earnings for its fourth quarter.
&bull; Global Water Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWRS#NASDAQ">GWRS</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $12.00 million.
&bull; NeoGames (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGMS#NASDAQ">NGMS</a>) is projected to report quarterly loss at $0.07 per share on revenue of $54.53 million.
&bull; Hamilton Beach Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBB#NYSE">HBB</a>) is estimated to report earnings for its fourth quarter.
&bull; Amplify Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPY#NYSE">AMPY</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $76.22 million.
&bull; Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) is likely to report quarterly loss at $0.09 per share on revenue of $421.19 million.
&bull; Talphera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLPH#NASDAQ">TLPH</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $280 thousand.
&bull; Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) is expected to report quarterly loss at $0.12 per share on revenue of $70 thousand.
&bull; HighPeak Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPK#NASDAQ">HPK</a>) is expected to report quarterly earnings at $0.65 per share on revenue of $339.52 million.
&bull; BRC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRCC#NYSE">BRCC</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $123.75 million.
&bull; MDxHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDXH#NASDAQ">MDXH</a>) is likely to report quarterly loss at $0.11 per share on revenue of $18.14 million.
&bull; NACCO Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NC#NYSE">NC</a>) is estimated to report earnings for its fourth quarter.
&bull; Enhabit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EHAB#NYSE">EHAB</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $260.16 million.
&bull; Intrepid Potash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) is projected to report quarterly loss at $0.06 per share on revenue of $43.57 million.
&bull; OneSpan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSPN#NASDAQ">OSPN</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $58.26 million.
&bull; Honest Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNST#NASDAQ">HNST</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $84.14 million.
&bull; SilverCrest Metals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SILV#AMEX">SILV</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $44.09 million.
&bull; AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $7.93 million.
&bull; comScore (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCOR#NASDAQ">SCOR</a>) is likely to report quarterly earnings at $0.20 per share on revenue of $97.69 million.
&bull; Viemed Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMD#NASDAQ">VMD</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $50.00 million.
&bull; Kewaunee Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KEQU#NASDAQ">KEQU</a>) is projected to report earnings for its third quarter.
&bull; ChromaDex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXC#NASDAQ">CDXC</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $20.98 million.
&bull; Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) is projected to report earnings for its fourth quarter.
&bull; Aris Water Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARIS#NYSE">ARIS</a>) is estimated to report earnings for its fourth quarter.
&bull; OrthoPediatrics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIDS#NASDAQ">KIDS</a>) is expected to report quarterly loss at $0.28 per share on revenue of $37.73 million.
&bull; Invesco National AMT-Free Municipal Bond ETFo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PZA#NYSE">PZA</a>) is estimated to report earnings for its fourth quarter.
&bull; Hudson Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HDSN#NASDAQ">HDSN</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $40.28 million.
&bull; Stabilis Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNG#NASDAQ">SLNG</a>) is projected to report earnings for its fourth quarter.
&bull; Airgain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRG#NASDAQ">AIRG</a>) is projected to report quarterly loss at $0.20 per share on revenue of $10.00 million.
&bull; Finance of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOA#NYSE">FOA</a>) is projected to report quarterly loss at $0.08 per share on revenue of $63.22 million.
&bull; Yext (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) is likely to report quarterly earnings at $0.07 per share on revenue of $100.24 million.
&bull; TriplePoint Venture Gwth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPVG#NYSE">TPVG</a>) is expected to report quarterly earnings at $0.48 per share on revenue of $33.13 million.
&bull; CompoSecure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $96.49 million.
&bull; Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>) is expected to report quarterly earnings at $0.29 per share on revenue of $222.52 million.
&bull; Cyber Hornet S&amp;P 500 and Bitcoin 75/25 Strategy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZZZ#NASDAQ">ZZZ</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $247.43 million.
&bull; Ellington Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EARN#NYSE">EARN</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $2.46 million.
&bull; Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) is expected to report quarterly loss at $0.72 per share on revenue of $29.34 million.
&bull; Lulus Fashion Lounge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVLU#NASDAQ">LVLU</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $73.40 million.
&bull; Rush Street Interactive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>) is likely to report quarterly loss at $0.03 per share on revenue of $178.56 million.
&bull; Hamilton Insurance Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HG#NYSE">HG</a>) is expected to report quarterly earnings at $0.65 per share on revenue of $15.30 million.
&bull; Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $437.34 million.
&bull; Riley Exploration Permian (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REPX#AMEX">REPX</a>) is estimated to report quarterly earnings at $1.60 per share on revenue of $94.75 million.
&bull; Zymeworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYME#NASDAQ">ZYME</a>) is expected to report quarterly loss at $0.43 per share on revenue of $15.45 million.
&bull; Miller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLR#NYSE">MLR</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ADAP

AEYE

AIRG

AMPY

ARIS

BRCC

BWAY

CDXC

CMPO

CPSH

CULP

DSGX

EARN

EHAB

EVGO

EWCZ

FRPH

GENI

GENK

GROV

GWRS

HDSN

HIPO

HNST

HTOO

INFN

KEQU

KIDS

KLXE

KMDA

LVLU

MDXH

NEUE

NEXN

NGMS

NSPR

OSPN

PowerShares Insured Municipal Bond Portfolio

REPX

REVG

SCOR

SDIG

SGHC

SILV

SLNG

SOHO

SPIR

TDCX

TLPH

TPVG

TRIN

UNFI

VBNK

VSCO

VSEC

XERS

YEXT

ZYME

Earnings Scheduled For March 6, 2024

WaveMAX Corporation (&#39;WaveMAX&#39;), the pioneer of the world&#39;s first shared WiFi network, has relaunched its SharedFi mobile app for users to share and monetize any password-protected WiFi (homespot and/or mobile hotspots) in a revenue share business model with Mobile Virtual Network Operators (MVNO) and other partners.
WaveMAX will include Zendit functionality for users to be able to apply revenue share to get mobile top-ups and eSIM (embedded Subscriber Identity Module) from Zendit, a cloud-based prepaid-as-a-service business of IDT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) (&#39;IDT&#39;) as part of the initiative just unveiled by Zendit at the Mobile World Congress 2024 (MWC) in Barcelona, Spain.

SharedFi Collaborates With IDT's Zendit And PagaPhone, Introduces Mobile Top-Up And eSIM Services

Making a noteworthy insider sell on December 21, MARCELO FISCHER, Chief Financial Officer at IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>), is reported in the latest SEC filing.
What Happened: FISCHER's decision to sell 2,937 shares of IDT was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001005731/000120919123059422//Archives/edgar/data/1005731/000120919123059422/0001209191-23-059422-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the sale is $100,592.
The latest update on Friday morning shows IDT shares down by 0.0%, trading at $33.84.
<h3>Unveiling the Story Behind IDT</h3>
IDT Corp is a multinational holding company. It primarily operates in the telecommunications and payment industries. It has four reportable business segments, Fintech, National Retail Solutions &amp; net2phone and Traditional Communications, The Fintech segment is comprised of National Retail Solutions (NRS), an operator of a nationwide point of sale (POS) network providing payment processing, digital advertising, transaction data, and ancillary services, and BOSS Money, a provider of international money remittance and related value/payment transfer services. The net2phone segment provides unified cloud communications and telephony services to business customers.
<h3>IDT's Financial Performance</h3>
Revenue Growth: IDT's revenue growth over a period of 3 months has faced challenges. As of 31 October, 2023, the company experienced a revenue decline of approximately -6.4%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a low gross margin of 31.35%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): IDT's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.3.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.01.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 23.34, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.71, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 8.43, IDT's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Illuminating the Importance of Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001005731">Check Out The Full List Of IDT's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Transaction: MARCELO FISCHER Sells $100K Worth Of IDT Shares

The company said it is&nbsp;optimistic that net2phone AI and net2phone&#39;s forthcoming premium plans will help to drive meaningful ARPU and margin expansion.

Guidance

IDT Says Very Well Positioned As It Head Into Q2 Of FY24; Plans To Continue To Purchase Shares Opportunistically

IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) reported quarterly Adj earnings of $0.32 per share. This is a 25.58 percent decrease over earnings of $0.43 per share from the same period last year. The company reported $301.20 million in sales this quarter. This is a 6.40 percent decrease over sales of $321.82 million the same period last year.

IDT Q1 Adj EPS $0.32 Down From $0.43 YoY, Sales $301.20M Down From $321.82M YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) is likely to report quarterly loss at $0.23 per share on revenue of $4.90 million.
&bull; Science Applications Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NYSE">SAIC</a>) is likely to report quarterly earnings at $1.69 per share on revenue of $1.79 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Culp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CULP#NYSE">CULP</a>) is expected to report quarterly loss at $0.22 per share on revenue of $57.80 million.
&bull; JOANN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOAN#NASDAQ">JOAN</a>) is likely to report quarterly loss at $0.21 per share on revenue of $547.20 million.
&bull; GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is projected to report quarterly loss at $0.01 per share on revenue of $141.48 million.
&bull; IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) is projected to report earnings for its first quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

JOAN

SAIC

Earnings Scheduled For December 4, 2023

Tori Samples, Senior Product Manager at&nbsp;Stellar Development Foundation&nbsp;will be speaking at the upcoming&nbsp;<a href="https://www.benzinga.com/go/crypto-conference-article-link" rel="noopener noreferrer" target="_blank">Benzinga&#39;s F</a><a href="https://www.benzinga.com/go/crypto-conference-article-link">uture Of Digital Assets.</a>&nbsp;Mark Nov. 14 on your calendar for the must-attend gathering in the industry!
The views expressed belong to the author and do not necessarily reflect the views of any organizations they represent.
When I started pitching my blockchain-based startup in 2018, I included a sobering statistic to indicate the size of the total addressable market: 68 million people around the world were forcibly displaced at the time. Most of them were under and unbanked, with few financial services available to them. Five years later, that number is almost double. Over 108 million people are displaced; their financial options remain alarmingly similar. One area of substantial change has been in blockchain-enabled services. Digital wallets provide much-needed access to the formal financial system as the cost of remittances remains stubbornly high, bank de-risking plagues financial inclusion efforts, devaluation of local currency erodes savings, and local identity requirements exclude many immigrants from accessing bank accounts. Users benefit from the global nature of blockchain-based products, with portability of funds and easier preservation of value when crossing borders. For people on the move, this combination of traits is rare. Even for those not at risk of being displaced, economic instability has created a predictable cycle of crisis across the world. Digital wallets allow people in emerging economies to access global currencies through fiat-backed stablecoins. This mitigates the impact of local currency devaluation in environments in which every peso, kwacha, franc, or shilling matters.
I&rsquo;ve seen firsthand the impact these products make for marginalized populations. I built a digital wallet for refugees and migrants in Africa, <a href="https://bossmoney.africa/">Boss Money</a>, that was acquired by IDT (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/idt#NYSE">IDT</a>) in 2022. As we scaled across the continent, we witnessed how cross-border, blockchain-enabled services could benefit not just refugees but small traders, families, and travelers. Rather than sending money in an envelope on a bus, a user could cash into Boss Money digitally from their Ugandan mobile money account and pay for a family member&rsquo;s utility bill in Kenya. I could travel from my home in Rwanda to a neighboring country without needing cash or a mobile money account in that country. As products must always be driven by their user base, we built the wallet for basic phones (non-smartphones) first. We added a smartphone app several years later. Even people with a smartphone can access Boss Money through USSD without needing data or an internet connection. The wallet processes all transactions over the Stellar network in local currency stablecoins. Boss Money continues to thrive under IDT and enable economic security for the marginalized.
I joined the Stellar Development Foundation last year to lead the development of <a href="https://stellar.org/use-cases/stellar-for-aid">Stellar Aid Assist</a> after Russia&rsquo;s full-scale invasion of Ukraine. Stellar Aid Assist helps humanitarian organizations like <a href="https://www.unhcr.org/ua/en/52555-unhcr-launches-pilot-cash-based-intervention-using-blockchain-technology-for-humanitarian-payments-to-people-displaced-and-impacted-by-the-war-in-ukraine-unhcr-has-launched-a-first-of-its-kind-integ.html">UNHCR</a> to send funds to people in need. Many humanitarian organizations operate cash and voucher assistance (CVA) programs as an alternative to providing physical goods like blankets and food. These programs allow recipients to have agency over their day-to-day lives, even in a time of crisis. They have been proven effective across the world. However, the legacy financial system presents hurdles to cash programs and interrupts the amazing work humanitarian organizations perform. Bank wires are expensive, slow, and only applicable to a portion of the recipient population. Money in transit is difficult to track. Delivering funds in physical cash can place recipients (and staff) at risk. The shortcomings of the legacy financial system disproportionately affect marginalized populations. Shifting these payments to a blockchain like the Stellar network&nbsp;benefits both the senders and receivers of funds. Humanitarian organizations can process tens of thousands of payments nearly instantly, for negligible fees, with 100% certainty when funds arrive. It doesn&rsquo;t matter how big or small each payment is. Receivers can access their money on their phone, no matter where they are or where they go. They receive funds in a stable form like digital dollars on the Stellar network. They can cash out funds digitally or to physical cash through global off-ramps like MoneyGram International. These funds serve as a lifeline in a time of crisis. Stellar Aid Assist is powered by the <a href="https://stellar.org/products-and-tools/disbursement-platform">Stellar Disbursement Platform</a>, an open source bulk payments tool that is free and accessible to all. The Stellar Disbursement Platform is equally beneficial outside of aid for use cases like cross-border payroll, government social programs, and paying freelancers around the world who cannot access bank accounts.
My biggest lesson through this journey is that, generally, users don&rsquo;t care about the tech. They care about what a product enables for them and/or how it makes their life better. I liken this to using an elevator. I don&rsquo;t need to know how the elevator works. It conveniently transports me up and down. I might not use it every time an elevator is available but it can be immensely helpful in certain situations. I trust it to get me where I need to go. Blockchain does the same for financial transactions. It serves as a conduit for transporting value. It is not appropriate for every situation but can enable new access and make life measurably better in certain contexts. It&rsquo;s worth noting that elevators didn&rsquo;t become commonplace or trusted overnight. Music was installed to make people less anxious. A human operator helped users navigate the system. This is our role as people working in the blockchain and crypto industry. Yes, we build the tools, but we can&rsquo;t stop there. We also must build the safety standards, ensure adequate regulatory oversight, and help people become comfortable with the products in whatever ways speak to them. When we shift our focus to creating a pleasant ride with a clear, beneficial outcome instead of blasting the mechanics, we will see widespread adoption, comfort, and sustainable impact.
I&rsquo;ll be speaking on this topic at <a href="http://www.benzinga.com/go/crypto-conference-article-link">Benzinga&rsquo;s Future of Digital Assets</a> conference and hope you&rsquo;ll join me there to continue the discussion.
Tori Samples is a Senior Product Manager at the Stellar Development Foundation, where she leads humanitarian use cases and bulk disbursements. Before SDF, Tori was Co-Founder and CTO of Leaf Global Fintech, a blockchain-based digital wallet providing cross-border financial services on smartphones and non-smartphones. Tori built Leaf&#39;s system from the ground up in Rwanda. Initially designed for refugees and cross-border traders, Leaf operates across East Africa as Boss Money and was acquired by IDT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/idt#NYSE">IDT</a>) in 2022. Tori&#39;s background before Leaf was in tech as a Data Architect. She has an MBA from Vanderbilt University and is a certified Expert in Financial Inclusion Policy through the Alliance for Financial Inclusion and the Frankfurt School of Finance &amp; Management.
<img alt="tori.png" src="https://www.benzinga.com/files/images/2023/November/13/tori.png" style="height:450px; width:450px" />

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Events

Opinion

Tori Samples: The Elevator Of Aid - Blockchain's Role In Humanitarian Payments

The most overbought stocks in the communication services sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Telecom Argentina S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teo#NYSE">TEO</a>)</h3>
<ul>
<li>Telecom Argentina reported a net income of P$39,407 million for the six month period ended June 30, 2023.. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/TEO">52-week high of $6.88.</a></li>
<li>RSI Value: 70.54</li>
<li>TEO Price Action: Shares of Telecom Argentina fell 2.3% to close at $5.87 on Thursday.</li>
</ul>
<h3>Frontier Communications Parent, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fybr#NASDAQ">FYBR</a>)</h3>
<ul>
<li>Benchmark analyst Matthew Harrigan reiterated Frontier Communications Parent with a Buy and a $35 price target. The company&rsquo;s <a href="https://www.benzinga.com/quote/FYBR"> stock has a 52-week high </a> of $30.83.</li>
<li>RSI Value: 71.56</li>
<li>FYBR Price Action: Shares of Frontier Communications fell 0.8% to close at $18.78 on Thursday.</li>
</ul>
<h3>SciPlay Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scpl#NASDAQ">SCPL</a>)</h3>
<ul>
<li>SciPlay reported stronger-than-expected second-quarter financial results. Josh Wilson, Chief Executive Officer of SciPlay, commented, &quot;SciPlay has consistently grown our business and led the social casino market in performance over the past six consecutive quarters. Our strong and consistent growth reflects the delivery of great gaming and entertainment experiences to our players, and the unrivaled execution of our team.&quot; The company has a <a href="https://www.benzinga.com/quote/SCPL"> 52-week high </a> of $22.96.</li>
<li>RSI Value: 75.92</li>
<li>SCPL Price Action: Shares of SciPlay rose 0.1% to close at $22.94 on Thursday.</li>
</ul>
<h3>IDT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/idt#NYSE">IDT</a>)</h3>
<ul>
<li>IDT reported a decline in adjusted EPS for the fourth quarter. Shmuel Jonas, CEO said, &ldquo;Our results this quarter were highlighted by the continued expansion of our three high-growth, high-margin businesses, while our Traditional Communications segment performed as expected.&rdquo; The company&rsquo;s 52-week high is $35.18.</li>
<li>RSI Value: 76.19</li>
<li>IDT Price Action: Shares of IDT gained 0.6% to close at $29.68 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/10/35328312/modular-medical-and-2-other-stocks-under-2-insiders-are-buying"> Modular Medical And 2 Other Stocks Under $2 Insiders Are Buying </a>

FYBR

SCPL

Telecom Argentina Stet - France Telecom S.A.

Top 4 Tech And Telecom Stocks That May Fall Off A Cliff In Q4

IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) reported quarterly earnings of $0.36 per share. This is a 46.27 percent decrease over earnings of $0.67 per share from the same period last year. The company reported $304.00 million in sales this quarter. This is a 7.60 percent decrease over sales of $329.00 million the same period last year.

IDT Q4 Adj $0.36 Down From $0.67 YoY, Sales $304.00M Down From $329.00M YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; Byrna Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $9.41 million.
&bull; Domino&#39;s Pizza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) is projected to report quarterly earnings at $3.30 per share on revenue of $1.05 billion.
&bull; Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is expected to report quarterly earnings at $0.69 per share on revenue of $34.82 billion.
&bull; Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $1.85 billion.
&bull; Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) is likely to report quarterly earnings at $1.81 per share on revenue of $2.18 billion.
&bull; Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) is projected to report quarterly earnings at $0.18 per share on revenue of $4.61 billion.
&bull; Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) is estimated to report quarterly earnings at $1.94 per share on revenue of $14.54 billion.
&bull; Sono-Tek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOTK#NASDAQ">SOTK</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $5.62 million.
<h3>Companies Reporting After The Bell</h3>
&bull; SMART Glb Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGH#NASDAQ">SGH</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $375.04 million.
&bull; Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $140.13 million.
&bull; Charles &amp; Colvard (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTHR#NASDAQ">CTHR</a>) is likely to report earnings for its fourth quarter.
&bull; IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) is likely to report earnings for its fourth quarter.
&bull; Oil-Dri Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODC#NYSE">ODC</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BYRN

CMTL

CTHR

FAST

INFY

SOTK

Earnings Scheduled For October 12, 2023

The most overbought stocks in the communication services sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>EverQuote, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ever#NASDAQ">EVER</a>)</h3>
<ul>
<li>EverQuote posted a narrower-than-expected second-quarter loss. &ldquo;In the second quarter, EverQuote reported revenue of $68.0 million and Variable Marketing Margin, or VMM, of $24.7 million, a record high as a percentage of revenue,&rdquo; said Jayme Mendal, CEO of EverQuote. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/EVER">52-week high of $18.86. </a>.</li>
<li>RSI Value: 70.03</li>
<li>EVER Price Action: Shares of EverQuote gained 3.1% to close at $8.31 on Monday.</li>
</ul>
<h3>SciPlay Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scpl#NASDAQ">SCPL</a>)</h3>
<ul>
<li>SciPlay reported better-than-expected second-quarter financial results. Josh Wilson, Chief Executive Officer of SciPlay, commented, &quot;SciPlay has consistently grown our business and led the social casino market in performance over the past six consecutive quarters. Our strong and consistent growth reflects the delivery of great gaming and entertainment experiences to our players, and the unrivaled execution of our team.&quot; The company&rsquo;s <a href="https://www.benzinga.com/quote/SCPL"> stock has a 52-week high </a> of $22.92.</li>
<li>RSI Value: 72.25</li>
<li>SCPL Price Action: Shares of SciPlay gained 0.1% to close at $22.87 on Monday.</li>
</ul>
<h3>IDT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/idt#NYSE">IDT</a>)</h3>
<ul>
<li>IDT is expected to report its financial and operational results for the fourth quarter and fiscal year 2023 on Oct. 12, 2023. The company has a <a href="https://www.benzinga.com/quote/IDT"> 52-week high </a> of $35.18.</li>
<li>RSI Value: 75.11</li>
<li>IDT Price Action: Shares of IDT fell 1.1% to close at $26.86 on Monday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/10/35142400/an-analyst-with-83-accuracy-rate-expects-6-upside-in-alphabet-here-are-5-stock-picks-fro"> An Analyst With 83% Accuracy Rate Expects 6% Upside In Alphabet &mdash; Here Are 5 Stock Picks From Wall Street&#39;s Most Accurate Analysts </a>

EVER

Top 3 Tech And Telecom Stocks You May Want To Dump In October

IDT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/idt#NYSE">IDT</a>), a global provider of fintech, cloud communications, and traditional communications services, today commented on the decision by the Court of Chancery of the State of Delaware in a class action
IDT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>), a global provider of fintech, cloud communications, and traditional communications services, today commented on the decision by the Court of Chancery of the State of Delaware in a class action on behalf of the former stockholders of the Company's former subsidiary, Straight Path Communications Inc. ("Straight Path"). Straight Path was spun off from IDT in 2013 and, in 2017, was sold to Verizon Communications for $3.1 billion. The Court dismissed the claims against IDT and found that, contrary to the plaintiffs' allegations, the Class suffered no damages.
"We are very pleased that the Court today dismissed all claims against IDT and found that Plaintiff and the Class ‘suffered no damages,'" said Shmuel Jonas, IDT's CEO. "We encourage our stakeholders to carefully review Vice Chancellor Glasscock's decision. The charges the plaintiffs advanced for years have now been resolved by the Court of Chancery."
The Court of the Chancery's decisions are available for review and download here: <a href="https://www.globenewswire.com/Tracker?data=hkEqecv7prPCv-UuhM2hazdqtzamR93igcj63KN-AhXDMB8gVLAbFtlZu-_-VkNcEIHkjV64fNX2QkbGipIDW-9kKlOjEaS45T8DjfV2YP4mVOYfV7TRzrOBpH5XEHEDrWPC96DgndZ07X0VjUOZUW7MACLlZKEbEoOtRb_A7evafnBhkzxIt6v9pE0BghnQp-Icq0CzlNpZxqVDtXQSbc5W5p1BI-aUabhdInHWeRU=">https://courts.delaware.gov/opinions/index.aspx?ag=court%20of%20chancery</a>
The lawsuit, filed by the plaintiffs in 2017, alleged that the Company aided and abetted Straight Path's Chairman of the Board and Chief Executive Officer Davidi Jonas, and Howard S. Jonas in his capacity as controlling stockholder of Straight Path, in forcing an unfair settlement of claims between Straight Path and the Company at the time of the sale of Straight Path. The Court found that the settlement in fact exceeded the value of those claims, and that there was no harm to Straight Path stockholders as plaintiffs alleged.
The plaintiffs will have 30 days from entry of the final order to file an appeal to the Supreme Court of Delaware.
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

Legal

IDT Corporation Comments On Favorable Decision By The Delaware Court Of Chancery In A Class Action Lawsuit Related To Straight Path Communications Sale To Verizon

IDT Corp Shares Halted, News Pending

IDT Corporation: Solid Performance Fueled By Its Growth Businesses

NRSInsights says June same-store sales increased 5.1%

The telecom industry thrives on the high demand for widespread high-speed connectivity, ongoing innovations, adoption of cloud technology, and initiatives for 6G networks. Hence, investors might consider buying fundamentally strong telecom stocks Verizon Communications (VZ), AT&T (T), and IDT (IDT) for consistent returns. Read on... The telecom industry provides stable returns due to its essential services and reliable cash flows. It is growing rapidly by defending core businesses, optimizing costs through next-gen networks, and leveraging AI to transform operations and customer experiences. These strategies have led telecom businesses to create significant value despite broader industry challenges.
To that end, investors looking for consistent returns might consider investing in strong telecom stocks such as Verizon Communications Inc. (<a href="https://stocknews.com/stock/VZ/">VZ</a>), AT&amp;T Inc. (<a href="https://stocknews.com/stock/T/">T</a>), and IDT Corporation (<a href="https://stocknews.com/stock/IDT/">IDT</a>).
The telecom sector thrives due to wireless network adoption, infrastructure investments, and the expansion of 5G, along with the excitement over the vision of faster <a href="https://www.euronews.com/next/2024/03/28/eu-us-to-announce-6g-vision-cooperation-on-ai-at-ttc-summit">6G technology</a>. The U.S., as a leading digital economy, benefits from rising smartphone use and digital services.
Alongside, AI enhances telecom by boosting operational efficiency, enhancing customer experiences, and expanding data center demands. Companies leverage AI for broader market reach and improved service delivery, making telecom a promising investment with significant return potential. The global AI in telecommunications market is expected to reach $21.20 billion by 2030, growing at a <a href="https://www.kbvresearch.com/ai-in-telecommunication-market/">40.4% CAGR</a>.
The US telecom industry is advancing with a shift towards cloud technology, driving online migration and market expansion. The U.S. telecom market is projected to grow at a <a href="https://www.mordorintelligence.com/industry-reports/united-states-telecom-market">CAGR of 3.7%</a> until 2028. In addition, the global telecom market is projected to grow by 6.2% annually, reaching <a href="https://www.skyquestt.com/report/telecommunication-markethttps:/www.skyquestt.com/report/telecommunication-market">$3.10 trillion by 2030</a>.
Considering these conducive trends, let's analyze the fundamentals of the three stocks from the <a href="https://stocknews.com/category/telecom-domestic/">Telecom - Domestic</a> industry, beginning with the third choice.
Stock #3: Verizon Communications Inc. (<a href="https://stocknews.com/stock/VZ/">VZ</a>)
VZ provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments: Verizon Consumer Group (Consumer), and Verizon Business Group (Business).
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, VZ's 35.83% is 94.3% higher than the 18.44% industry average. Its 12.82% trailing-12-month Capex / Sales is 258.4% higher than the 3.58% industry average. Likewise, the stock's 22.60% trailing-12-month EBIT margin is 149.2% higher than the 9.07% industry average.
VZ's total revenues for the fiscal first quarter that ended March 31, 2024, increased marginally year-over-year to $32.98 billion. The company's net income attributable to VZ and earnings per common share stood at $4.60 billion and $1.09, respectively. In addition, its total current assets as of March 31, 2024, stood at $37.96 billion, compared to $36.81 billion as of December 31, 2024.
For the quarter ended June 30, 2024, VZ's revenue is expected to increase 1.4% year-over-year to $33.04 billion. Its EPS for the quarter ending December 31, 2024, is expected to increase 2.3% year-over-year to $1.11. VZ surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past nine months, the stock has gained 31.3% to close the last trading session at $41.30.
VZ's solid prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Stability. It is ranked #5 out of 17 stocks in the <a href="https://stocknews.com/category/telecom-domestic/">Telecom - Domestic</a> industry. <a href="https://stocknews.com/stock/VZ/">Click here</a> to see VZ's Growth, Value, Momentum, Sentiment, and Quality ratings.
Stock #2: AT&amp;T Inc. (<a href="https://stocknews.com/stock/T/">T</a>)
T provides telecommunications and technology services worldwide. The company operates through two segments: Communications and Latin America. It operates in the Communications segment and the Latin America segment.
On May 15, 2024, T and AST SpaceMobile finalized a commercial agreement to deliver satellite-based broadband directly to regular cell phones until 2030. This agreement marks a significant advancement in improving connectivity across the U.S.
In terms of the trailing-12-month Return on Common Equity, T's 13.15% is 278.3% higher than the 3.48% industry average. Its 11.13% trailing-12-month net income margin is 289.7% higher than the 2.86% industry average. Likewise, the stock's 5.90% trailing-12-month Return on Total Capital is 63% higher than the 3.62% industry average.
For the first quarter ended March 31, 2024, T's total operating revenues stood at $30.03 billion. Its adjusted operating income rose marginally year-over-year to $6.01 billion, and adjusted EPS came in at $0.55, respectively.
T's adjusted EBITDA came in at $11.05 billion, up 4.3% year-over-year. In addition, as of March 31, 2024, its total current liabilities amounted to $44.83 billion, compared to $51.13 billion as of December 31, 2023.
Analysts expect T's revenue for the quarter ended June 30, 2024, to increase marginally year-over-year to $29.99 billion. Its EPS for fiscal 2025 is expected to grow 2.7% year-over-year to $2.27. It surpassed the Street EPS estimates in three of the trailing four quarters. Over the past nine months, T's stock has gained 27.7% to close the last trading session at $18.86.
T's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has a B grade for Value. Within the same industry, it is ranked #4. To see T's Growth, Momentum, Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/T/">click here</a>.
Stock #1: IDT Corporation (<a href="https://stocknews.com/stock/IDT/">IDT</a>)
IDT provides communications and payment services internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments.
On June 4, 2024, IDT's BOSS Money brand introduced domestic money transfers within the U.S., allowing users to send funds to recipients' U.S.-issued Visa or Mastercard-branded cards via its BOSS Money and BOSS Revolution apps, often crediting accounts within minutes.
Additionally, BOSS Money has expanded its service to include direct-to-card transfers for international destinations, enhancing accessibility and affordability for customers worldwide.
In terms of the trailing-12-month asset turnover ratio, IDT's 2.32x is 362.9% higher than the 0.50x industry average. Its 6.88% trailing-12-month Return on Total Assets is 455.2% higher than the 1.24% industry average. In addition, the stock's 2.97% trailing-12-month net income margin is 3.8% higher than the 2.86% industry average.
In the fiscal third quarter that ended March 31, 2024, IDT's total revenues rose marginally over the prior-year quarter to $299.64 million, while its gross profit stood at $97.04 million, up 10.8% from the year-ago quarter.
For the same quarter, IDT's income from operations grew 10.2% year-over-year to $11.43 million. Also, its net income attributable to IDT and EPS were $5.55 million and $0.22, respectively.
Over the past year, the stock has gained 50.6% to close the last trading session at $36.47.
It's no surprise that IDT has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
It has a B grade for Value and Stability. It is ranked first in the Telecom – Domestic industry. Beyond what we stated above, we also have given IDT grades for Growth, Momentum, Sentiment, and Quality. Get all the IDT ratings <a href="https://stocknews.com/stock/IDT/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
VZ shares were trading at $41.44 per share on Friday afternoon, up $0.14 (+0.34%). Year-to-date, VZ has gained 15.44%, versus a 19.22% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/vz-t-idt-3-top-telecom-stocks-for-consistent-returns/>3 Top Telecom Stocks for Consistent Returns</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top Telecom Stocks for Consistent Returns

InterDigital (IDCC) is trading at a discount compared to its peers after delivering record-breaking revenue for the first half of the year. Could this make it a bargain buy in the wireless tech space? Read on to learn my view… InterDigital, Inc. (<a href="https://stocknews.com/stock/IDCC/">IDCC</a>) is a global leader in research and development, focusing on cutting-edge wireless, video, and AI technologies. The company's innovations drive communications and entertainment products, which it licenses to businesses worldwide. Although IDCC isn't one of the largest players by market cap, its stock has seen significant price fluctuations, reaching a 52-week high of $140.60 before dipping to a low of $74.65.
Such price swings allow investors to buy into the stock at a more attractive entry point. Over the past year, IDCC shares have gained 62.1%, and they're up 20.9% year-to-date, closing the last trading session at $131.25.
Investing in a strong company with solid growth prospects at a discounted price is always appealing. Street expects IDCC's EPS and revenue for the current year (ending December 2024) to increase 13.6% and 30.4% year-over-year to $10.48 and $716.69 million, respectively.
Moreover, the company has consistently outperformed Wall Street's expectations. For the second quarter, IDCC's earnings per share was $4.57, far above the consensus estimate of $0.74, while its revenue exceeded the analysts' estimates by $123.82 million. It is no surprise that IDCC's strong earnings have topped the EPS estimates in each of the trailing four quarters.
In view of the above, is IDCC a bargain buy? Let's take a deeper look at its fundamental factors:
Strong Financials
For the fiscal second quarter (ended June 30, 2024), IDCC's revenues grew by triple digits (120% year-over-year) to a record of $223.49 million. Income from operations also saw a substantial uptick, from $23.38 million last year to $133.91 million.
The company's adjusted <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> rose 194.5% from the prior-year quarter to $157.74 million. Likewise, its non-GAAP net income amounted to $118.90 million compared with $35.63 million in the year-ago quarter. In addition, its non-GAAP earnings per share of $4.57 improved considerably from the year-ago value of $1.30.
Impressive Historical Growth
Over the past three years, IDCC's revenue and EBITDA increased at a CAGR of 28.1% and 48.2%, respectively. Its EBIT grew at a 98.9% CAGR during the period. Moreover, the company's net income rose at an impressive 111% CAGR over the same time frame.
Lower-Than-Industry Valuation
In terms of forward non-GAAP P/E, IDCC is currently trading at 12.44x, 45.6% lower than the industry average of 22.85x. Similarly, the stock's forward non-GAAP PEG and EV/EBITDA multiples of 0.91 and 7.64 are 48.9% and 44.5% lower than the industry averages of 1.79x and 13.77x, respectively. Additionally, the stock's 10.54x forward EV/EBIT is 43.7% lower than the industry average of 18.73x.
Robust Profitability
IDCC's trailing-12-month levered FCF margin of 29.69% is 187.9% higher than the 10.31% industry average. Its 53.65% trailing-12-month EBITDA margin is 431.8% above the 10.09% industry average. Furthermore, the stock's trailing-12-month net income margin, ROCE, and ROTC of 37.99%, 43.09%, and 16.56% compares favorably to their respective industry averages of 3.66%, 4.52%, and 2.72%.
POWR Ratings Exhibit Solid Prospects
IDCC's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to Buy in our proprietary rating system. The POWR Ratings are calculated by accounting for 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. IDCC also has a B grade for Value, which syncs with its discounted valuation. Moreover, its high profit margins justify the stock's B grade for Quality.
Within the <a href="https://stocknews.com/category/telecom-domestic/">Telecom - Domestic</a> industry, IDCC is ranked #7 out of the 18 stocks.
Beyond what we've stated above, we have also rated the stock for Growth, Momentum, Stability, and Sentiment. Get all IDCC ratings <a href="https://stocknews.com/stock/IDCC/">here</a>.
Bottom Line
InterDigital closed the quarter with a strong cash position of $760.34 million, providing ample financial flexibility to invest in growth opportunities and execute strategic initiatives. Following its impressive second-quarter results and growing business momentum, the company raised its full-year revenue guidance by $70 million, now projecting between $690 million and $740 million.
Adjusted EBITDA is expected to rise to between $378 million and $416 million, up from the previous forecast of $310 million to $345 million, while non-GAAP EPS is projected in the range of $9.70 to $10.95.
Given robust financials, growing profitability, and discounted valuations, it could be a wise investment choice for those looking for value in the wireless tech space.
How Does InterDigital, Inc. (IDCC) Stack Up Against Its Peers?
While IDCC has an overall grade of B, equating to a Buy rating, you may also check out these other stocks within the <a href="https://stocknews.com/category/telecom-domestic/">Telecom - Domestic</a> industry: IDT Corporation (<a href="https://stocknews.com/stock/IDT/">IDT</a>), Spok Holdings, Inc. (<a href="https://stocknews.com/stock/SPOK/">SPOK</a>), and T-Mobile US, Inc. (<a href="https://stocknews.com/stock/TMUS/">TMUS</a>), carrying A (Strong Buy) or B (Buy) ratings. To explore more Telecom - Domestic stocks, <a href="https://stocknews.com/category/telecom-domestic/">click here</a>. 
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
IDCC shares were trading at $132.13 per share on Wednesday afternoon, up $0.88 (+0.67%). Year-to-date, IDCC has gained 23.11%, versus a 15.91% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/idcc-idt-spok-tmus-is-interdigital-a-bargain-wireless-tech-stock-ready-for-a/>Is InterDigital a Bargain Wireless Tech Stock Ready for a Buy?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is InterDigital a Bargain Wireless Tech Stock Ready for a Buy?

An announcement from IDT ( ($IDT) ) is now available. IDT Corporation's Board of Directors has declared a quarterly cash dividend of $0.05 per shar...

IDT Corporation Announces Quarterly Cash Dividend

Earnings week ahead: JPMorgan, Wells Fargo, PepsiCo, Delta Air Lines, and more

Here's the major earnings after the close today

IDT Corporation (IDT) Q4 2024 Earnings Call Transcript

IDT Corporation Non-GAAP EPS of $0.57, revenue of $308.8M

IDT Corporation Q4 Earnings: Growth Businesses Continue To Shine (Rating Upgrade)

ACCD

AEHR

APLD

BSET

BSVN

DOGZ

EDUC

ETWO

EVGR

FNGR

HIFS

IDCC

IMMP

LOOP

NAPA

NEOG

NRIX

RELL

SPOK

STBX

TLRY

TMUS

UPXI

USGO

VLGEA

VOXX

WAFD

WKEY

Press Releases

IDT Corporation Reports Third Quarter Fiscal Year 2024 Results

NRSInsights' May 2024 Retail Same-Store Sales Report

NRSInsights' June 2024 Retail Same-Store Sales Report

NRSInsights' July 2024 Retail Same-Store Sales Report

net2phone Introduces a Single-Pane-of-Glass View for Engaging Business Conversations Across Channels

Comments

IDT

Notizie

Ultime notizie per IDT (NYSE:IDT) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO