Earnings Volatility Watch: Oracle And Adobe Report, But the Wild Swings Belong to Smaller Names
Oracle and Adobe headline the week, both down about 20% in 2026, yet the biggest implied earnings moves belong to InnovAge, SailPoint and eight others.
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Baird analyst Joe Vruwink maintains ServiceTitan (NASDAQ:TTAN) with a Outperform and raises the price target from $94 to $101.
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Oracle and Adobe headline the week, both down about 20% in 2026, yet the biggest implied earnings moves belong to InnovAge, SailPoint and eight others.
Ciena reported quarterly earnings of $2.11 per share, beating consensus estimates of $1.74 and representing a 21.26% earnings surprise. The company posted revenues of $1.67 billion, surpassing estimates by 1.44%. With a Zacks Rank #2 (Buy) rating and 51.4% year-to-date gains, Ciena has consistently outperformed the S&P 500. ServiceTitan is expected to report results on September 8 with projected earnings of $0.36 per share.
ServiceTitan Inc. (TTAN) is expected to report Q2 earnings of $0.36 per share (up 9.1% YoY) with revenues forecast at $285.14 million (up 17.8% YoY). Platform revenue is projected at $275.71 million with strong subscription revenue growth of 19.1%. The stock has gained 10.7% over the past month and holds a Zacks Rank #2 (Buy) rating, suggesting near-term outperformance potential.
Affirm Holdings (AFRM) reported quarterly earnings of $4.62 per share, significantly beating the consensus estimate of $0.33 per share, representing a 1,300% earnings surprise. Revenue also exceeded expectations at $1.17 billion, up from $876.42 million year-over-year. However, the stock has underperformed the S&P 500 this year, gaining only 2.7% versus the market's 12.1%. The company received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market.