U.S. may expand Nvidia and AMD’s 15% China chips deal to other companies
Verisk Analytics Inc (NASDAQ:VRSK). stock reached a new 52-week low, touching $261.02. This milestone reflects a notable shift in the market performance of the $36.6 billion data analytics company. According to InvestingPro analysis, the stock’s RSI indicates oversold territory, while maintaining impressive gross profit margins of 69%. Despite fluctuations in the broader market, Verisk’s stock has actually posted a positive 2.52% return over the past year. The recent dip to a 52-week low highlights ongoing challenges, though InvestingPro analysis reveals 15+ additional insights and metrics that could help investors better understand the current market positioning. The stock appears slightly overvalued based on InvestingPro’s Fair Value calculations.
In other recent news, Verisk Analytics reported second-quarter earnings that surpassed analyst expectations, posting an adjusted earnings per share of $1.88 against the estimated $1.77. The company’s revenue reached $773 million, exceeding the consensus estimate of $768.74 million and marking a 7.8% increase from the previous year’s $717 million. Following these results, Verisk raised its full-year revenue outlook. Additionally, the company has priced $1.5 billion in senior notes to finance its planned acquisition of AccuLynx. This offering includes two tranches: $750 million of 4.500% Senior Notes due 2030 and $750 million of 5.125% Senior Notes due 2036. Meanwhile, BMO Capital has lowered its price target for Verisk Analytics from $317 to $290, maintaining a Market Perform rating. This adjustment comes despite Verisk’s strong quarterly performance, attributed to margin strength and stable organic constant currency revenue growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.