- Progress Software Corp.’s (PRGS) shares plunged 13% after reporting second-quarter fiscal 2025 revenues of $237.35 million, missing the Zacks Consensus Estimate of $237.84 million.
- Shares of MSC Industrial Direct Co. Inc. (MSM) climbed 6.2% after posting third-quarter fiscal 2025 adjusted earnings per share of $1.08, beating the Zacks Consensus Estimate of $1.03.
- GE Vernova Inc.’s (GEV) shares tumbled 4.4% following reports that the company is mulling selling its industrial software business Proficy.
- Shares of Tesla Inc. (TSLA) plummeted 5.3% after President Donald Trump warned of cutting billions of dollars in subsidies that Elon Musk's companies receive from the federal government.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpMSC Industrial Direct Company, Inc. (MSM) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
Progress Software Corporation (PRGS) : Free Stock Analysis Report
GE Vernova Inc. (GEV) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
