Stryker shares tumble despite strong Q2 results and raised guidance
In a recent filing with the Securities and Exchange Commission (SEC), Ziff Davis, Inc. reported the outcomes of its 2025 Annual Meeting of Stockholders, which was held virtually on Tuesday. The company, known for its work in the technology sector and headquartered in New York, shared the results of the stockholder vote on several key issues. According to InvestingPro data, Ziff Davis currently trades near its 52-week low of $29.14, having declined over 42% in the past six months, making it an interesting watch for value investors.
At the meeting, stockholders elected eight director nominees to serve for the upcoming year until their successors are elected and qualified. The elected directors include Vivek Shah, Sarah Fay, Jana Barsten, Trace Harris, William Brian Kretzmer, Kirk McDonald, Neville Ray, and Scott C. Taylor. The vote tallies for each director ranged from 35,080,219 to 38,116,134 votes in favor, with a relatively small number of votes against or abstained, and a consistent number of broker non-votes at 1,699,890 for each nominee. InvestingPro analysis reveals that management has been actively buying back shares, demonstrating confidence in the company’s future, while maintaining impressive gross profit margins of nearly 86%.
Additionally, the appointment of KPMG LLP as the company’s independent auditors for fiscal year 2025 was ratified, receiving an overwhelming majority of the votes with 40,403,110 in favor, 348,464 against, and 12,340 abstentions.
The compensation of the named executive officers was also approved in an advisory vote. The proposal received 26,730,975 votes for, 12,321,137 against, and 11,912 abstentions, with 1,699,890 broker non-votes.
Furthermore, on Friday, Ziff Davis hosted its first quarter 2025 earnings conference call and webcast. The company noted that supplemental financial data would be provided, which is furnished as Exhibit 99.1 in the 8-K form. InvestingPro subscribers have access to 13 additional ProTips and comprehensive financial analysis for Ziff Davis, including detailed Fair Value estimates that currently suggest the stock may be undervalued. The company maintains a strong financial health score of GOOD, with cash flows sufficiently covering interest payments.
The information provided in the SEC filing, including the financial data, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
This article is based on a press release statement.
In other recent news, Ziff Davis Inc. reported its first-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $1.14, which fell short of the forecasted $1.28. Despite this, the company’s revenue for the quarter was $328.6 million, surpassing the expected $322.54 million and reflecting a 4.5% year-over-year growth. The company continues to anticipate a 5% revenue growth for the full year, reaffirming its guidance. Ziff Davis also reported a strong performance in advertising and performance marketing, which grew by 12.3%, while subscription and licensing revenues saw a 2% decline. The company’s adjusted EBITDA margin stood at 30.5%, with an adjusted EBITDA of $100.2 million. Additionally, Ziff Davis remains active in mergers and acquisitions, having completed two acquisitions in Q1 and planning further activities throughout the year. The company’s strategic focus includes share repurchases, with 750,000 shares bought back in the first quarter alone. Lastly, Ziff Davis has filed a lawsuit against OpenAI, citing the need to protect its intellectual property rights.
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