Arqit Quantum (NASDAQ:ARQQ) 주식

Arqit Quantum

Arqit Quantum Inc is a cybersecurity company that has pioneered a symmetric key agreement technology that makes the communications links of any networked device or data at rest secure against current and future forms of cyber attack - even an attack from a quantum computer. The company delivers its symmetric key agreement technology via its product QuantumCloud. The firm operates in one segment that is, the provision of cybersecurity services via satellite and terrestrial platforms. The company operates and generates its revenue from UK.

Arqit Quantum Inc

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates Celcuity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELC#NASDAQ">CELC</a>) with a Buy and maintains $27 price target.

News

Price Target

Reiteration

Analyst Ratings

CELC

HC Wainwright & Co. Reiterates Buy on Celcuity, Maintains $27 Price Target

AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>), the trusted global infrastructure leader, today announced its continued collaboration with the Saudi Ministry of Sport for site supervision consultancy services at the iconic King Fahd Sport City in Riyadh. This partnership comes as Saudi Arabia prepares to host two major international tournaments: the AFC Asian Cup 2027 and the 2034 FIFA World Cup&#x2122;. AECOM will oversee the transformation of the stadium into a premier venue.

AECOM Tapped to Oversee King Fahd Stadium Upgrade Ahead of 2027 Asian Cup, 2034 World Cup

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates Pyxis Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYXS#NASDAQ">PYXS</a>) with a Buy and maintains $5 price target.

PYXS

HC Wainwright & Co. Reiterates Buy on Pyxis Oncology, Maintains $5 Price Target

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates RenovoRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNXT#NASDAQ">RNXT</a>) with a Buy and maintains $3 price target.

RNXT

HC Wainwright & Co. Reiterates Buy on RenovoRx, Maintains $3 Price Target

<a href="https://www.globenewswire.com/Tracker?data=EOuFab4BDbJBEPTn8aVOLzTsgT12wRdTuf2dseiCiZrmk6Wq8yFnr40Jd9vQaWsnScMsy3GiAII0AUoKbjiIKQ==">Pharvaris</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHVS#NASDAQ">PHVS</a>), a late-stage biopharmaceutical company developing novel, oral bradykinin B2 receptor antagonists to help address unmet needs of those living with bradykinin-mediated diseases such as hereditary angioedema (HAE) and acquired angioedema due to C1 inhibitor deficiency (AAE-C1INH), today announced the acceptance of abstracts for presentation at three upcoming congresses: the 14th C1-Inhibitor Deficiency and Angioedema Workshop, to be held from May 29-June 1, 2025, in Budapest; the 2025 Eastern Allergy Conference (EAC), to be held from May 29-June 1, 2025, in Palm Beach, Fl.; and the European Academy of Allergy and Clinical Immunology (EAACI) Congress 2025, to be held from June 13-16, 2025, in Glasgow.

PHVS

Pharvaris to Present New Data on Angioedema Treatments at Three Major Medical Conferences

PermRock Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRT#NYSE">PRT</a>) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of May 30, 2025, and payable on June 13, 2025, in the amount of $371,192.79 ($0.030511 per Trust Unit), based principally upon production during the month of March 2025.
The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1">Underlying Sales Volumes</td>
<td colspan="2" rowspan="1">Average Price</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">Oil</td>
<td colspan="2" rowspan="1">Natural Gas</td>
<td colspan="1" rowspan="1">Oil</td>
<td colspan="1" rowspan="1">Natural Gas</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Bbls</td>
<td colspan="1" rowspan="1">Bbls/D</td>
<td colspan="1" rowspan="1">Mcf</td>
<td colspan="1" rowspan="1">Mcf/D</td>
<td colspan="1" rowspan="1">(per Bbl)</td>
<td colspan="1" rowspan="1">(per Mcf)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Current Month</td>
<td colspan="1" rowspan="1">22,232</td>
<td colspan="1" rowspan="1">717</td>
<td colspan="1" rowspan="1">24,848</td>
<td colspan="1" rowspan="1">802</td>
<td colspan="1" rowspan="1">$66.92</td>
<td colspan="1" rowspan="1">$3.19</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Prior Month</td>
<td colspan="1" rowspan="1">21,413</td>
<td colspan="1" rowspan="1">765</td>
<td colspan="1" rowspan="1">25,759</td>
<td colspan="1" rowspan="1">920</td>
<td colspan="1" rowspan="1">$70.27</td>
<td colspan="1" rowspan="1">$4.15</td>
</tr>
</tbody>
</table>
</figure>
Oil cash receipts for the properties underlying the Trust totaled $1.49 million for the current month, a decrease of $0.01 million from the prior month's distribution period. This decrease was primarily due to a decrease in oil sales prices.
Natural gas cash receipts for the properties underlying the Trust totaled $0.08 million for the current month, a decrease of $0.03 million from the prior month's distribution period. This decrease was primarily due to a decrease in natural gas sales volumes and prices.
Total direct operating expenses, including marketing, lease operating expenses, and workover expenses, were $0.60 million, a decrease of $0.06 million from the prior month's distribution period. Severance and ad valorem taxes included in this month's net profits calculation were $0.14 million. Capital expenses were $0.01 million, a decrease of $0.04 million from the prior month's distribution period.

PermRock Declares $0.0305 Monthly Distribution as Oil and Gas Prices Dip

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) confronts a strategic manufacturing dilemma as President Donald Trump directly told CEO Tim Cook to avoid building in India.
What Happened: While Apple ramps up iPhone production in India, experts warn that the recent U.S.-China trade reset could derail Delhi's factory ambitions and threaten Apple's long-term value-added growth plans, <a href="https://www.bbc.com/news/articles/cly34p1jwvgo">reported</a> the BBC. 
Trump revealed during a Qatar news conference that he told Cook, &#8220;Tim, you&#8217;re my friend, we treated you very good&#8230; but now I hear you&#8217;re building all over India. I don&#8217;t want you building in India.&#8221; The president criticized India as &#8220;one of the highest tariff nations in the world&#8221; and noted it&#8217;s <a href="https://www.benzinga.com/markets/equities/25/05/45430137/trump-had-a-problem-with-tim-cook-president-says-he-told-apple-ceo-i-dont-want-you-building-in-india-amid-tariff-concerns-and-production-shift-from-china?utm_source=chatgpt.com">&#8220;very hard to sell into India.&#8221;</a>
Ajay Srivastava of Delhi&#8217;s Global Trade Research Institute warns that &#8220;India&#8217;s low-cost assembly lines may survive, but value-added growth is in danger&#8221; as manufacturing investment could &#8220;stall&#8221; or &#8220;head back&#8221; to China. 
Meanwhile, other Asian competitors like Vietnam, Thailand, Cambodia, and Malaysia — with simpler tax regimes and lower tariffs, continue to attract export manufacturing, underscoring India&#8217;s challenge in retaining relocated supply chains.
The expert notes Apple earns over $450 per iPhone sold in the U.S. while India retains less than $25, despite the full $1,000 counting as an Indian export, the report noted.
See Also: <a href="https://www.benzinga.com/25/05/45489193/trumps-former-vp-mike-pence-calls-qatari-jet-gift-a-bad-idea-urges-president-to-reject-400m-boeing-747">Trump&#8217;s Former VP Mike Pence Calls Qatari Royal Family&#8217;s Boeing Jet Gift A &#8216;Bad Idea,&#8217; Urges President To Reject $400 Million &#8216;Flying Palace&#8217;</a>
Why It Matters: Cook confirmed during Apple&#8217;s recent earnings call that the company expects &#8220;the majority of iPhones sold in the U.S. will have India as their country of origin&#8221; for the June quarter. However, the U.S.-China trade reset, which dropped tariffs from 145% to 30% versus 27% for India, threatens to redirect manufacturing investment back to China.
Wedbush analyst Dan Ives anticipates Apple could increase <a href="https://www.benzinga.com/25/05/45464834/apple-iphone-production-in-us-not-feasible-says-tech-bull-after-donald-trump-tells-tim-cook-to-stay-out-of-india">iPhone assembly production in India to 60%-65% by fall</a> in a best-case scenario, but could &#8220;easily pivot back to a China-driven iPhone strategy&#8221; depending on tariff negotiations. Trump separately revealed Cook plans to <a href="https://www.benzinga.com/markets/25/05/45417224/apple-may-up-its-numbers-amid-china-tariff-truce-trump-talks-500-billion-us-investment-after-tim-coo">boost U.S. investment to $500 billion,</a> including AI server assembly in Houston.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45489038/us-stocks-likely-to-open-lower-after-moodys-downgrade-bear-market-isnt-fully-recovered-yet-but-it-is-close-says-expert">US Stocks Likely To Open Lower After Moody&#8217;s Downgrade: &#8216;Bear Market Isn&#8217;t Fully Recovered Yet, But It Is Close,&#8217; Says Expert</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Equities

Markets

AAPL

As Apple Faces Pressure After Trump Told Tim Cook To Avoid Manufacturing In India, Expert Warns iPhone Maker's 'Value-Added Growth Is In Danger'

Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) affirms FY2025 sales outlook from $265.00 million-$285.00 million to $265.00 million-$285.00 million vs $273.03 million estimate.

Guidance

Target Hospitality Affirms FY2025 Sales Guidance of $265.00M-$285.00M vs $273.03M Est

Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.02) by 250 percent. This is a 135 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $69.90 million which beat the analyst consensus estimate of $65.37 million by 6.93 percent. This is a 34.47 percent decrease over sales of $106.67 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Target Hospitality Q1 EPS $(0.07) Misses $(0.02) Estimate, Sales $69.90M Beat $65.37M Estimate

HC Wainwright &amp; Co. analyst Sean Lee reiterates CASI Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASI#NASDAQ">CASI</a>) with a Buy and maintains $4 price target.

CASI

HC Wainwright & Co. Reiterates Buy on CASI Pharmaceuticals, Maintains $4 Price Target

Events

JPM Said Tariff Impact on Wholesale C&I Portfolio Will Vary by Industry, Company Dynamics, and Consumer Cost Pass-Through Ability

HC Wainwright &amp; Co. analyst Matthew Caufield reiterates OptiNose (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTN#NASDAQ">OPTN</a>) with a Neutral and maintains $9 price target.

OPTN

HC Wainwright & Co. Reiterates Neutral on OptiNose, Maintains $9 Price Target

Medium-Term Financial Framework
In conjunction with today's event, the company is presenting its medium-term financial framework to create significant shareholder value:
<ul>
<li>~6-8% organic sales&#x2A; growth per year</li>
<li>More than 50 bps of adjusted operating margin&#x2A; expansion per year</li>
<li>Mid-teens adjusted EPS&#x2A; growth per year</li>
<li>~100% free cash flow&#x2A; conversion</li>
</ul>

CARR

Carrier Outlines Medium-Term Framework Targeting 6–8% Organic Sales Growth And Mid-Teens EPS Expansion

<a href="https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/events/2025/jpmc-2025-investor-day/firm-overview.pdf" title="https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/events/2025/jpmc-2025-investor-day/firm-overview.pdf">https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/events/2025/jpmc-2025-investor-day/firm-overview.pdf</a>

JPMorganChase In Investor Day Presentation Said Our 2025 Expense Outlook Is Unchanged At ~$95B

International Game Technology PLC ("IGT") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) announced today that the Judging Commission completed its analysis of the technical and economic offers in the bid for the Italy Lotto License and will propose LottoItalia, a consortium comprised of Allwyn, Arianna 2001 and Novomatic Italia and led by IGT, to the Agenzia delle Dogane e dei Monopoli ("ADM"), which is expected to make the award notice within the next 35 days.&nbsp;
<a href="https://mma.prnewswire.com/media/453980/IGT_Logo.html">igtIGT</a>) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com." alt="IGT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com."&gt;
"The Italian Lotto concession is one of the world's most important lottery contracts. IGT and its predecessor companies have successfully managed the license for 30+ years through constant innovation and the introduction of cutting-edge technology," said Marco Sala, IGT Executive Chair of the Board. "The award is very gratifying, and we are honored and excited to continue working with the ADM for nine more years."
"The €2,230 million&nbsp;investments in upfront fees reflect the significant value of the new license and IGT is confident that the investment will enhance our revenue and profit potential," said Vince Sadusky, IGT CEO. "The exciting innovation pipeline with fresh launches planned for commencement of the new license will drive Lotto wager growth. In addition, we plan to significantly grow our iLottery sales and leverage that momentum to expand into the Italian B2C iCasino, sports betting, and other digital gaming business."
The consortium's bid was comprised of a €2,230 million&nbsp;upfront license fee payable in three installments between the time of award and April 2026. IGT currently expects the first two installments of €500 million and €300 million to be made in 2025, with the balance made in 2026.
The nine-year license term secures the business until November 2034. The concession rate collected from total wagers is six percent and an additional eight percent gross fee is collected through the digital channel as a distributor fee.
IGT maintains operational control of the business. Allwyn Entertainment is committed to the consortium and contributes a pro-rata share of license fees and capital expenditure.

IGT-Led Group Set to Win Italy Lotto License in €2.2B Deal Securing Nine-Year Term

CANG

Cango Reports Q1 Bitcoin Mining Revenue of RMB 1,046M, In Line With Apollo Insights' Expectations, With 1,541 BTC Mined And 32 EH/s Hash Rate

HC Wainwright &amp; Co. analyst Matthew Caufield reiterates Aldeyra Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALDX#NASDAQ">ALDX</a>) with a Buy and maintains $10 price target.

ALDX

HC Wainwright & Co. Reiterates Buy on Aldeyra Therapeutics, Maintains $10 Price Target

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;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 oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Golden Matrix Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMGI#NASDAQ">GMGI</a>)</h3>
<ul class="wp-block-list">
<li>On May 8, Golden Matrix Group posted downbeat quarterly sales. The company's stock fell around 28% over the past month and has a 52-week low of $1.50.</li>
<li>RSI Value: 28.4</li>
<li>GMGI Price Action: Shares of Golden Matrix Group fell 8.5% to close at $1.50 on Friday.</li>
<li>Edge Stock Ratings: 8.46 Momentum score with Value at 22.52. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/GMGI"><img loading="lazy" decoding="async" width="487" height="180" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19030233/image-217.png" alt="" class="wp-image-919312" style="width:346px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19030233/image-217.png 487w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19030233/image-217-300x111.png 300w" sizes="(max-width: 487px) 100vw, 487px" /></a></figure>
<h3 class="wp-block-heading">Outbrain Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OB#NASDAQ">OB</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul class="wp-block-list">
<li>On May 9, Outbrain posted mixed quarterly results. &#8220;We are off to a strong start following the completion of the combination with Teads. In the first quarter, we delivered financial results above the mid-range of our guidance, while closing the acquisition, issuing five-year senior secured notes, and reaching many major milestones of integration and synergy realization. We are in the early days, but the feedback to our brandformance platform strategy from the hundreds of advertisers and media owners we have met has been highly encouraging,&#8221; said David Kostman, CEO of Teads. The company's stock fell around 21% over the past month and <a href="https://www.benzinga.com/quote/OB">has a 52-week low</a> of $2.72.</li>
<li>RSI Value: 29.2</li>
<li>OB Price Action: Shares of Outbrain fell 2.1% to close at $2.85 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0519"> OB stock</a>. </li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0519"><img decoding="async" src="blob:https://editorial.benzinga.com/7925b010-a515-4c83-b292-d24f03e26dec" alt="" style="width:535px;height:auto" /></a></figure>
<h3 class="wp-block-heading">iOThree Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOTR#NASDAQ">IOTR</a>)</h3>
<ul class="wp-block-list">
<li>On May 8, Deckhouse Communications and iO3 entered into partnership to bring advanced digital solutions to Turkish maritime sector. Kenny Koh, CEO of iO3 said, "The Turkish maritime sector is one of the most dynamic and globally engaged markets, driven by a strong vision for future growth. By working with Deckhouse Communications, we're bringing cutting-edge solutions to a market that's ready for digital transformation. Together, we're building a stronger, more connected maritime industry in Turkey." The company's stock fell around 49% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/IOTR">low of $0.31</a>.</li>
<li>RSI Value: 20.4</li>
<li>IOTR Price Action: Shares of iOThree fell 4% to close at $0.45 on Friday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0519">IOTR shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0519"><img loading="lazy" decoding="async" width="875" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19030450/image-220.png" alt="" class="wp-image-919320" style="width:609px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19030450/image-220.png 875w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19030450/image-220-300x285.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19030450/image-220-768x730.png 768w" sizes="(max-width: 875px) 100vw, 875px" /></a></figure>
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and s<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ee how they compare.</a> 
Read This Next:<a href="https://www.benzinga.com/markets/25/05/45466164/jim-cramer-prefers-autozone-over-rival-buy-the-one-thats-not-going-to-stock-split"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45466164/jim-cramer-prefers-autozone-over-rival-buy-the-one-thats-not-going-to-stock-split">Jim Cramer Prefers AutoZone Over Rival: &#8216;Buy The One That&#8217;s Not Going To Stock Split&#8217;</a> </li>
</ul>
Photo via Shutterstock

Long Ideas

Pre-Market Outlook

Trading Ideas

GMGI

IOTR

Top 3 Tech And Telecom Stocks That May Rocket Higher This Month

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4430365-1&amp;h=546974972&amp;u=http%3A%2F%2Fwww.corporate.carrier.com%2F&amp;a=Carrier+Global+Corporation">Carrier Global Corporation</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), global leader in intelligent climate and energy solutions, is hosting its 2025 Investor Day today at the New York Stock Exchange, beginning at 8:30 a.m. ET. The Carrier leadership team will outline the company's strategy to drive accelerated growth. The event will be webcast live on <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4430365-1&amp;h=1043955149&amp;u=https%3A%2F%2Fir.carrier.com%2Foverview%2Fdefault.aspx&amp;a=ir.carrier.com">ir.carrier.com</a>.
&nbsp;
"We have a proven track record of expanding adjusted operating margin, generating strong free cash flow and increasing adjusted EPS growth," said Carrier Chairman &amp; CEO David&nbsp;Gitlin. "Our transformed portfolio – simplified, focused and balanced – and our strategies around products, aftermarket and systems position us to accelerate organic growth while continuing to expand adjusted operating margins and deliver mid-teens adjusted EPS growth. We look forward to hosting investors and sharing how we plan to build on this momentum over the medium-term."
Medium-Term Financial Framework
In conjunction with today's event, the company is presenting its medium-term financial framework to create significant shareholder value:
<ul>
<li>~6-8% organic sales&#x2A; growth per year</li>
<li>More than 50 bps of adjusted operating margin&#x2A; expansion per year</li>
<li>Mid-teens adjusted EPS&#x2A; growth per year</li>
<li>~100% free cash flow&#x2A; conversion</li>
</ul>

Carrier Targets 6–8% Annual Sales Growth, Mid-Teens EPS Gains in New Investor Day Forecast

Ten years into his ownership of the LA Clippers, former Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Steve Ballmer reflected on how wealth and power have &#8220;fundamentally changed&#8221; him and his life.
What Happened: In a 2024 60 Minutes <a href="https://www.youtube.com/shorts/Oe1AuvcmIlw">interview</a>, Ballmer admitted the immense impact of financial success: "I am fundamentally changed. I know I am."
He went on to explain that the power that came with running Microsoft meant people catered to him. "Forget money—when you&#8217;re the lead job in a company, particularly when the company&#8217;s good, people cater to you."
But arrogance was not a given, in his view. "Can I still have fun in old-style ways? Do I have to be a jerk to people? No, I don&#8217;t. I don&#8217;t need to do those things."
Asked whether owning a basketball team was always a dream of his, he laughed and said: "Of course not. Who the heck ever thinks they're going to get enough money to own a basketball team?"
See Also: <a href="https://www.benzinga.com/media/25/05/45486193/why-is-apple-still-behind-on-ai-expert-dissects-reasons-behind-iphone-maker-lagging-likes-of-microsoft-and-amazon-despite-poaching-googles-ai-chief">Why Is Apple Still Behind On AI? Expert Dissects Reasons Behind iPhone Maker Lagging Likes Of Microsoft And Amazon Despite Poaching Google&#8217;s AI Chief</a>
Why It Matters: Over the years, Ballmer has revealed that over <a href="https://www.benzinga.com/markets/24/12/42642020/steve-ballmers-bold-investment-strategy-80-of-his-portfolio-is-in-microsoft-stock-heres-why-his-keep-it-simple-approach-is-winning-big">80% of his wealth remains invested in Microsoft</a>, with the rest in stock index funds.
He credited much of his financial success to the company's robust performance, particularly following the surge in interest around AI driven by Microsoft-backed OpenAI's release of ChatGPT in late 2022.
The same frank approach reflected in the 60 Minutes interview has been on display in Ballmer's other interviews as well. In a 2014 interview, Ballmer admitted that <a href="https://www.benzinga.com/25/05/45458915/had-microsoft-built-phones-earlier-things-might-look-different-today-steve-ballmers-missed-call-now-worth-289000-to-apple-investors">his biggest regret as Microsoft&#8217;s CEO</a> was not pivoting to the smartphone market sooner: a mistake that gave Apple and Samsung the lead in a space where Microsoft was slow to rival them.
Last month, he <a href="https://www.benzinga.com/media/25/04/44655737/former-microsoft-ceo-steve-ballmer-says-trumps-new-tariffs-could-spark-global-turmoil-hurt-consumers-as-satya-nadella-led-msfts-stock-drops-14-ytd">cautioned that rising U.S. tariffs could ripple through the economy</a>, leading to major hurdles for both consumers and investors.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/05/45485147/meta-pleads-with-judge-to-dismiss-ftcs-antitrust-case-in-high-stakes-trial">Meta Pleads With Judge To Dismiss FTC&#8217;s Antitrust Case in High-Stakes Trial</a></li>
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Photo courtesy: Shutterstock

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Steve Ballmer Once Said This About Being A Billionaire: 'Who...Ever Thinks They're Going To Have Enough Money To Own A Basketball Team?,' Admitted He Was 'Fundamentally Changed' By Wealth And Power

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Arqit Quantum Inc. Announces CEO Andy Leaver to be featured on HCW @ Home with Arqit Quantum Inc. 6 February 2025 at 10:00 a.m. ET

Arqit Quantum Inc. Announces Select Preliminary Financial Results for First Half of Fiscal Year 2025

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SECURITIES FRAUD CLASS ACTIONS SURVIVE MOTIONS TO DISMISS: Grabar Law Office Investigates Claims on Behalf of Shareholders of Arqit Quantum Inc. (NASDAQ: ARQQ); Axsome Therapeutics, Inc. (NASDAQ: AXSM); BioVie Inc. (NASDAQ: BIVI); and Maison Solutions Inc. (NASDAQ: MSS)

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Global tier 1 telco operator signs three year agreement with Arqit to secure its Quantum-Safe Network-as-a-Service (NaaS) Deployment

RSG purchases test and integration license from Arqit to deliver quantum-secure networks and prepare for commercial-scale deployment

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Arqit appoints new Chief Technology Officer to drive innovation and growth

Arqit delivers quantum-safe protection enhanced by confidential computing

Arqit, in collaboration with Equus and Intel, demonstrates a world-first Quantum-Safe CSfC-Compliant MACP Architecture for Classified Mobile Communications

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Quantum's Rise Could Mirror the AI Boom--Only Faster

Arqit Quantum Inc. Sets First Half 2025 Conference Call for Thursday, May 22, 2025 at 11:00 a.m. ET

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