ARR Stock Recent News

Armour Residential REIT (ARR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Enterprise AI Adoption, Bold Innovation Initiatives, and Talent Infusion Fuel Continued Company Growth Enterprise AI Adoption, Bold Innovation Initiatives, and Talent Infusion Fuel Continued Company Growth

Rubrik Inc. NYSE: RBRK is a leading cybersecurity company specializing in data protection and recovery, and it is quickly becoming a key player in the rapidly expanding cybersecurity sector. Since its initial public offering (IPO) in April, Rubrik has demonstrated strong financial performance, highlighted by significant growth in Subscription Annual Recurring Revenue (ARR) and cloud ARR.

ST. JOHN'S, Newfoundland--(BUSINESS WIRE)--Altius Renewable Royalties Corp. (TSX:ARR) (OTCQX:ATRWF) announces Supplementary Information to ARR-Northampton Transaction that was issued on Sept. 12, 2024: https://www.businesswire.com/news/home/20240911920254/en/Altius-Renewable-Royalties-Enters-into-Arrangement-Agreement-with-Northampton.

DENVER, Sept. 04, 2024 (GLOBE NEWSWIRE) -- American Rare Earths Limited, (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) is pleased to report productive initial meetings to accelerate development of Halleck Creek, as managed by ARR's wholly-owned subsidiary, Wyoming Rare (USA) Inc. (WRI). The ARR/WRI Board meetings held in Cheyenne advanced the establishment of WRI as a Wyoming project with Wyoming leadership focused on the development of the Cowboy State Mine at Halleck Creek as an attractive prospect for US based investment and partnerships.

Armour Residential REIT Inc.'s year-to-date performance is commendable, but lower mortgage rates have introduced headwinds. Lower mortgage rates may lead to higher prepayment rates, lower asset valuations, and enhanced systematic risk. The REIT can mitigate risks by shorting pay-fixed swaps. However, I'm unsure to what extent a better liability-level structure will protect Armour Residential's assets from lower mortgage rates.

VERO BEACH, Florida, Aug. 29, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the September 2024 cash dividend for the Company's Common Stock.

From late 2020 to last year, I had a bearish outlook on most agency MBS mortgage REITs, given their leveraged exposure to devaluing assets. The spread between mortgage and Treasury rates appears to have peaked, with a significant decline potentially around the corner. Should a recession cause the Federal Reserve to end its MBS selling pattern or renew its MBS QE program, mortgage spreads may fall by 1-2% back to normal.

Revenue of $95.7 million, 25% year-over-year increase primarily due to 27% growth in subscription revenue; ARR of $345.9 million, up 26% year-over-year; Adjusted EBITDA of $21.6 million, 22.6% adjusted EBITDA margin; Company increases 2024 outlook for revenue and adjusted EBITDA, and raises midpoint for ARR

Q2 2024 Financial Highlights   Revenue (in $ millions)   SaaS Subscription Recurring Total Reported Y/Y growth Reported Y/Y growth Reported Y/Y growth $7.3 16.6% $10.8 11.5% $17.4 4.5% SaaS ARR up 17% Y/Y to $29.4 million; Total ARR up 11% Y/Y to $43.6 million; SaaS NRR of 109%; Bookings up 112% Y/Y and 42% Q/Q to $12.9 million; Adjusted EBITDA margin of 26.0% or $4.5 million; Gross profit margin of 60%; RPO of $27.8 million; Revenue per Employee up 7% Y/Y to $338k; Repurchase of 85,700 shares for $0.78 million, at an average price of $9.13. CALGARY, Alberta, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Sylogist Ltd.