Overview
- Shares logged a five-session winning streak into late December with a roughly 9.5% gain over five days, lifting market value to about $462 billion, according to Forbes.
- Retail investors drove heavy flows this year, with nearly $8 billion estimated through Dec. 8 per Vanda data reported by Benzinga.
- November results topped estimates with EPS of $0.21 versus $0.17 and revenue of $1.18 billion up about 63% year over year, and management raised fourth-quarter revenue guidance by roughly 12% above consensus with a planned 300-basis-point margin expansion.
- Recent wins include a reported two-year, $448 million U.S. Navy order, a renewal with France’s DGSI, and an expanded Accenture partnership, alongside rapid U.S. commercial growth tied to AIP.
- The rally remains contested, with RBC’s $50 price target implying steep downside reported by Yahoo Finance, even as commentators like Jim Cramer continue to voice support.