Nasdaq

Eric J. Savitz Close to 100 companies recently have filed confidentiality with the Securities and Exchange Commission for initial public offerings and plan to list on Nasdaq, according to Adena Friedman, Nasdaq’s CEO. Friedman made that startling comment in a wide-ranging interview with Barron’s at the CES tech trade show in Las Vegas. If she’s right, it would suggest a major rebound for the IPO market is in the offing. The last two years were the slowest period for new issues in more than 40 years. Jay Ritter, a professor at the University of Florida, counts just nine tech IPOs in 2023, and six in 2022, down from 121 such deals in 2021. A flurry of tech IPOs in September — Arm Holdings, Klaviyo, and Maplebear (which does business as Instacart) — failed to revive the IPO market from its slumber. While Friedman cautions that we continue to live in […]

JPMorgan analyst Michael Cho maintains Nasdaq (NASDAQ:NDAQ) with a Overweight and raises the price target from $62 to $63.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We decrease our 12-month target price by $2 to $61, applying a forward P/E of 20.5x our 2024 EPS estimate, slightly below NDAQ’s five-year average forward P/E of 21.4x. We increase our 2023 EPS estimate by $0.02 to $2.85 and reduce 2024’s by $0.08 to $2.98. NDAQ posted adjusted Q3 EPS of $0.71 vs. $0.68 a year ago, $0.03 above consensus. Continued momentum was seen in Anti-Financial Crime (+21%Y/Y) with an exciting 47 new small and medium customers getting signed by Verafin in the quarter. Although the segment’s third quarter operating margin of 33% sits well below NDAQ’s firm wide margin of 52%, we remain optimistic as economies of scale should lead to outsized improvement. More modest growth was seen in Capital Access Platforms (+8%) as strong

NEW YORK, Oct. 18, 2023 — Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the third quarter of 2023. — Third quarter 2023 net revenues1 increased 6% compared to the third quarter of 2022. Solutions Businesses2 revenues increased 9%, with organic growth3 of 8%. — Annualized Recurring Revenue (ARR)4 increased 6% compared to the third quarter of 2022. Annualized SaaS revenues increased 11% and represented 37% of ARR. — Anti-Financial Crime revenue increased 21% compared to the third quarter of 2022. Growth reflects continued Verafin adoption by small and medium banks, an expansion with an existing Tier 2 financial institution, and Surveillance solutions customer growth including Tier 3 banks and retail brokers. — Third quarter 2023 GAAP diluted earnings per share increased 2% compared to the third quarter of 2022. Third quarter 2023 non-GAAP3 diluted earnings per share increased 4% compared to the third quarter of 2022. — Nasdaq

Nasdaq: Completed Antitrust Review for Adenza Buy, Sees Closing in 4Q。

Nasdaq: Fully Prepared to Execute Capital Plan to Pay Down Debt, Increase Dividend, Buy Back Shares in Coming Quarters。

Nasdaq Q3 Solutions Businesses Revenues $694M, Up 9%; Trading Services Net Revenues $236M, Down 1%。

NASDAQ Posts Q3 EPS $0.71, vs. Street Est of $0.68。

Nasdaq (NASDAQ:NDAQ) reported quarterly adj earnings of $0.71 per share which beat the analyst consensus estimate of $0.66 by 7.58 percent. This is a 2.9 percent increase over earnings of $0.69 per share from the same period last year. The company reported quarterly Revenues less transaction-based expenses of $925.00 million which beat the analyst consensus estimate of $914.85 million by 1.11 percent. This is a 3.58 percent increase over sales of $893.00 million the same period last year.