ALIT Stock Recent News

Investors looking for stocks in the Internet - Software sector might want to consider either Alight, Inc. (ALIT) or Informatica Inc. (INFA). But which of these two stocks is more attractive to value investors?

Certain progressive stocks often move in the shadows in the expanse of the stock market. They are overlooked by mainstream investors, even ignoring their obvious potential for massive growth.

The Nasdaq and the S&P 500 fell on Tuesday morning. The selling appeared unavoidable after the Nasdaq hit new highs late last week for the first time since the final months of 2021.

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that its Operating Chief Financial Officer, Jeremy Heaton, will represent the Company at the KeyBanc Emerging Technology Summit on Wednesday, March 6, 2024, and at the Bank of America Information & Business Services Conference on Thursday, March 14, 2024. The Company's presentation at the KeyBanc Emerging Technology Summit will be h.

Alight, Inc. (ALIT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

The consensus price target hints at a 30.9% upside potential for Alight, Inc. (ALIT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Starboard Value nominated four director candidates on Alight's board. An opportunity to reduce costs and raise margins could emerge.

Alight, Inc. (ALIT) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago.

Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF) was a top mover in the junior mining segment after today providing an exploration update on its projects in West Pilbara, focusing on the potential of its Kobe and Osborne sites for lithium extraction. Recent drilling has revealed sub-vertical orientations of pegmatites at these locations, with one drill hole possibly stopping short of the Osborne target.

Alight trades at a significant discount to some of its industry peers. Its strategy to rely more on automation can also deliver margin expansion, prompting analysts to revise the EPS upward six times during the last 3 months. On top, its restructuring plan can deliver about $100 million of cost savings and offset the effects of uncertainties associated with lower economic growth in 2024.