Category: 3. Business

Flooding has closed part of the railway line in Cornwall, Great Western Railway (GWR) has confirmed.

Train services running between Liskeard and Looe have been cancelled and disruption is expected until the end of the day, the firm said.

It said Network Rail was monitoring water levels and inspections would need to be carried out before the line was reopened.

GWR said it was sorry for the disruption and added it had requested replacement transport options between Liskeard and Looe – and would give details once they had been confirmed.

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Tiger Global ended the first half of 2025 up roughly 4.5%, trailing most of its top multi-strategy fund peers.

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• Thinking about whether Digi International could be a hidden gem or overpriced stock? You are not alone, especially if you are curious about what really makes a tech company worth its current price.

• In just the past week, Digi International’s stock jumped 8.4%, adding to a 31.5% gain year to date and an impressive 127.7% surge over the past five years.

• Much of this momentum has been fueled by recent headlines around Digi’s new product launches and key partnerships in the Internet of Things space. These developments have given investors plenty to think about regarding Digi’s growth prospects and overall risk profile.

• Despite this buzz, Digi International scores only 2 out of 6 on our valuation checks for undervalued companies. This suggests there is room for debate on how attractive it is today. We will break down the main valuation approaches, and at the end, reveal an even better way to put these numbers in context.

Digi International scores just 2/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

The Discounted Cash Flow (DCF) model estimates a company’s value by projecting its future cash flows and discounting them back to today’s dollars. In essence, it answers the question of what all of Digi International’s expected future profits are worth right now.

Digi International’s current Free Cash Flow is $105.8 million. According to analysts, Free Cash Flow is expected to grow steadily, reaching around $107.6 million by the end of fiscal 2027. Moving further, projections using modest growth rates suggest Free Cash Flow could grow to $151.3 million by 2035. It is important to note that only the first few years are based on analyst estimates, with long-term figures extrapolated by Simply Wall St.

Based on the 2 Stage Free Cash Flow to Equity model, this steady cash generation gives Digi International an intrinsic value of $59.21 per share. With the stock currently trading about 34.9% below this fair value estimate, the DCF model points to the shares being significantly undervalued at current prices.

Result: UNDERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Digi International is undervalued by 34.9%. Track this in your watchlist or portfolio, or discover 876 more undervalued stocks based on cash flows.

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Digi International.

The Price-to-Earnings (PE) ratio is a widely used metric for valuing profitable companies like Digi International because it directly links the market’s expectations to a company’s bottom-line earnings. Investors often look to the PE ratio as a quick gauge of whether a stock seems reasonably priced in the context of its profitability.

It is important to consider that what counts as a normal or fair PE ratio depends on growth expectations and risk. Fast-growing or less risky companies tend to justify higher PE ratios, while slower-growing or riskier ones usually trade at lower valuations.

Digi International currently trades at a PE of 35.1x. This is above both its peer average of 22.5x and the wider communications industry average of 31.7x. A more refined benchmark is Simply Wall St’s proprietary “Fair Ratio,” which calculates what Digi’s PE should be after factoring in its earnings growth forecast, margins, market cap, industry, and risk profile. For Digi International, the Fair Ratio is 27.9x.

The Fair Ratio provides a more personalized benchmark than simply comparing with peers or industry averages, as it accounts for the unique combination of the company’s growth, profitability, and business risks.

Because Digi International’s current PE of 35.1x is notably higher than its Fair Ratio of 27.9x, the stock appears to be trading above what is considered justified based on these factors.

Result: OVERVALUED

PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1402 companies where insiders are betting big on explosive growth.

Earlier we mentioned there is an even better way to understand valuation, so let’s introduce you to Narratives. Narratives are a simple but powerful tool that allow you to connect your outlook on Digi International—your story about its future opportunities, risks, and business drivers—with a clear financial forecast and a personalized estimate of fair value.

With Narratives, investors go beyond just plugging in numbers by describing the assumptions, confidence, and reasoning that shape their expectations around revenue growth, profit margins, and overall company performance. Narratives are easy to create and update on Simply Wall St’s Community page, where millions of investors share their perspectives and debate fair value using both numbers and analysis.

Narratives help make buy and sell decisions easier by directly comparing your own Fair Value estimate for Digi International against the current share price. As new information emerges, such as news, earnings releases, or management updates, these Narratives are refreshed automatically so your view stays current and relevant.

For example, some investors may build a bullish Narrative around Digi’s rapid shift to recurring software revenue, supporting a fair value up to $50 per share, while more cautious users might focus on margin risks and prefer a lower fair value, closer to $30. By making your assumptions explicit and comparing them with others, Narratives empower you to invest with clarity and confidence.

Do you think there’s more to the story for Digi International? Head over to our Community to see what others are saying!

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include DGII.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

(Bloomberg) — A tech-led rebound in stocks faded as caution prevailed on Wall Street ahead of a deluge of economic data and concerns over the Federal Reserve’s ability to slash interest rates in December. Bonds dropped.

The relief brought by the US shutdown’s end gave way to volatility this week as various Fed speakers damped wagers on further policy easing. Hot areas favored by momentum traders such as artificial-intelligence whipsawed. Bitcoin was barely up for 2025. While the S&P 500 almost erased a 1.4% slide, most of its shares fell. Nvidia Corp. rose ahead of its earnings.

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The outlook for lower rates favoring Corporate America alongside booming AI prospects have powered a torrid surge since the April meltdown, making many traders look past high valuations to keep chasing the market higher.

Earnings for most big tech companies have been in line or above expectations, though the outlook has been murky when it comes to where borrowing costs are headed. As Nvidia gets ready to report Wednesday, options traders are pricing in a 6.2% stock swing in either direction – its highest implied move in a year.

“Its earnings will be a huge test for the markets and the AI-trade, and could either ease fears about AI valuations or inflame them considerably,” said Kyle Rodda at Capital.com.

Also next week, big box retailers like Walmart Inc. and Target Corp. will report their results, offering a read on the state of consumer spending – the main engine of the American economy.

The S&P 500 held near 6,735 after briefly testing its 50-day moving average. A gauge of megacaps halted a three-day rout. The cost of protecting Oracle Corp.’s debt against default surged as jittery investors rush to hedge against the billions of dollars the firm is pouring into AI.

The yield on 10-year Treasuries climbed three basis points to 4.15%. The dollar wavered. UK markets got hit as speculation about the budget heightened uncertainty over the nation’s finances. Oil climbed as geopolitical risks mount from Russia to Iran.

“Stocks should bounce back here, but the dip buyers have been burned lately, so it might be a slow move back up to regain confidence,” said Bob Lang founder of Explosive Options.

We also saw some pretty clear rotation this week into health care primarily and consumer staples – looking like they have bottomed, according to Ken Mahoney at Mahoney Asset Management.

“Not really what you want to see if you are in the AI trade or adjacent stocks,” Mahoney said. “This is a unique circumstance where it feels like a mini bear market in some stocks” even though the S&P 500 is not that far from its highs.

“What’s happened recently in the market isn’t even close to a tech wreck, but it may be a bit of a tech reckoning,” said Daniel Skelly, head of Morgan Stanley’s Wealth Management Market Research & Strategy Team.

The recent volatility hasn’t altered the longer-term bullish case for the AI leadership, he said. But health care remains one of the market’s key overlooked stories. Even though it’s been the S&P 500’s strongest sector over the past three months, Skelly says valuations are still attractive.

Breadth deterioration in equities remains an ongoing concern, indicating a more tactical defensive stance and sector rotation, according to Craig Johnson at Piper Sandler.

Still, the S&P 500 managed to hold above its average price of the past 50 days. Failure to do so would invite a deeper pullback, Johnson noted.

“The general trend has been to buy the dip, which could provide a respite,” said Melissa Brown at SimCorp. “Retail investors may be spooked temporarily, but are likely to come back in if they believe the long-term story driving many of the names that have been gutted remains intact.”

Brown notes that a real rebound, though, may have to wait until government data starts flowing again and investors get a better read on the state of the economy and inflation.

“But it will only be a recovery if the economy continues to grow and inflation does not,” she said.

As labor-market and inflation reports return, fundamentals should help distinguish a true trend from emotion-driven selling, making the recent pullback feel more like a reset than a turning point, according to Mark Hackett at Nationwide.

A slew of Fed officials have in recent days expressed skepticism over the need for a cut in December, or outright opposed one. It remains unclear whether they can persuade enough voting members of the Federal Open Market Committee, given that a number of policymakers are more worried about job weakness.

Their remarks came less than a month after Chair Jerome Powell warned that a December cut is far from a “foregone conclusion.”

Financial markets have taken note of the volume of comments coming recently from the Fed’s so-called inflation hawks. Investors have marked down the odds of a rate cut in December to less than 50%. Before the Fed’s October meeting, they were almost fully pricing in a reduction.

“The tough but business-as-usual wrestling match over a December rate cut risks morphing into a crisis of governance at the Fed, with implications that extend well beyond whether it does or does not cut then,” said Krishna Guha at Evercore. “Absent miraculous clarification from limited data, Powell is in a rough spot. We urge cool heads and compromise.”

Guha says that he still leans toward a “hawkish cut,” but the odds have diminished.

“Our expectation for a soft October employment report and under-control October core CPI inflation should settle the internal debate at the FOMC in favor of an additional 25 basis-point rate cut,” said Gennadiy Goldberg at TD Securities. “With that said, the decision is likely to be contentious, with a high possibility of additional hawkish dissents.”

“Despite the cautious rhetoric from Fed officials this week, we believe any decision will ultimately be data-dependent, said Ulrike Hoffmann-Burchardi at UBS Global Wealth Management. “With the US government now reopened, the Fed’s decision will be guided by incoming data on inflation as well as employment.”

She noted that even if the official October jobs report does not include the unemployment rate reading, the payrolls figure should still provide a good indication of the health of the labor market. Some private data alonsgide sentiment surveys should also allow the Fed to continue its rate-cutting cycle if inflation remains under control, she added.

As traders geared up for a deluge of economic data that will shape the Fed outlook, this week’s bout of risk aversion deepened the selloff in Bitcoin from a record high reached in early October.

The largest digital-asset sank below $95,000. The crypto market remains under strain after $19 billion in liquidations on Oct. 10 in turn erased over $1 trillion from the total market value of all cryptocurrencies, CoinGecko data shows.

Corporate Highlights:

Applied Materials Inc. suffered a sales decline last quarter and predicted another drop in the current period, though the chip-equipment maker sees demand improving in the second half of 2026. Google has offered to tweak its ad tech products to settle a European Union order after a near-€3 billion ($3.4 billion) antitrust penalty, stopping short of a partial breakup watchdogs favor. Walmart Inc. Chief Executive Officer Doug McMillon, who over a decade ushered the big-box behemoth into the Internet age, will retire in February. He’ll be replaced by US head John Furner — long viewed as the heir apparent. Warner Bros. Discovery Inc. amended the contract of Chief Executive Officer David Zaslav to ensure his stock options remain eligible to vest even if the media company is sold. Merck & Co. agreed to acquire Cidara Therapeutics Inc., a biotech company developing a flu treatment, as part of its ongoing efforts to make up for the upcoming patent loss of its blockbuster cancer drug Keytruda. Bristol Myers Squibb Co. fell after one of its most important experimental medicines appeared unlikely to benefit patients who had suffered a heart complication, another setback for the drugmaker’s product pipeline. Boeing Co. stands to win most of a major order from Flydubai for single-aisle aircraft, though Airbus SE still has a long-shot chance to pry some business from an airline that’s never ordered from the European planemaker. Emirates is planning to use SpaceX’s Starlink to upgrade the onboard Wi-Fi in its fleet, according to people familiar with the matter, even though the service isn’t currently approved by the government. BlackRock Inc. has agreed to pay up to €2 billion ($2.33 billion) to form a data center venture with Spanish engineering firm ACS SA. American Tower Corp. and European buyout firm EQT AB are among parties weighing bids for French tower company TDF Infrastructure, people with knowledge of the matter said. A group of First Brands Group creditors is demanding new, independent advisers for company units that issued nearly $2.5 billion in off-balance-sheet debt, claiming conflicts of interest threaten to disrupt the sprawling insolvency case of auto-parts maker. JBS NV, the world’s largest meat supplier, reported a quarterly operating loss at its US beef business as a shortage of cattle continues to hit margins at the unit. BHP Group Ltd. is liable to compensate hundreds of thousands of victims of a devastating dam collapse in Brazil, a London judge ruled, moving closer to a potential multi-billion dollar payout a decade after the disaster. Nu Holdings Ltd. said artificial intelligence features it started to deploy in Brazil helped the fintech increase credit-card limits for some clients, boosting third-quarter revenue and profit. Sigma Lithium Corp. stocks rose as investors focused on the company’s forecast to resume mining operations by the end of the month, despite another quarter of cash burn, lower sales and production volumes. Allianz SE, the German insurer that owns bond manager Pacific Investment Management Co., raised its outlook for full-year profit after third-quarter earnings rose, driven by its property-casualty insurance and asset management businesses. Siemens Energy AG substantially raised its mid-term financial targets on strong demand for gas turbines and data center equipment as well as restructuring progress at its Gamesa wind turbine unit. Richemont sales climbed as shoppers from the US to China snapped up the luxury group’s pricey Cartier and Van Cleef & Arpels jewelry. Jaguar Land Rover Automotive Plc swung to a £559 million ($735 million) quarterly loss and slashed its guidance after a cyberattack temporarily halted production at the UK’s largest automaker. Japan’s biggest banks raised their annual earnings targets to fresh records and announced plans to buy back shares, as trade fears subside and rising interest rates boost lending profitability. Some of the main moves in markets:

Stocks

The S&P 500 was little changed as of 4 p.m. New York time The Nasdaq 100 was little changed The Dow Jones Industrial Average fell 0.7% The MSCI World Index fell 0.3% Bloomberg Magnificent 7 Total Return Index rose 0.2% The Russell 2000 Index rose 0.2% Currencies

The Bloomberg Dollar Spot Index was little changed The euro fell 0.1% to $1.1621 The British pound fell 0.2% to $1.3171 The Japanese yen was little changed at 154.53 per dollar Cryptocurrencies

Bitcoin fell 4.6% to $94,261.59 Ether fell 1.5% to $3,131.9 Bonds

The yield on 10-year Treasuries advanced three basis points to 4.15% Germany’s 10-year yield advanced three basis points to 2.72% Britain’s 10-year yield advanced 14 basis points to 4.57% The yield on 2-year Treasuries advanced two basis points to 3.61% The yield on 30-year Treasuries advanced four basis points to 4.75% Commodities

West Texas Intermediate crude rose 2% to $59.89 a barrel Spot gold fell 2.1% to $4,084.03 an ounce ©2025 Bloomberg L.P.

Telecommunications industry experts share achievements in AI-based next-generation communication technology

Event was held under the theme ‘Unlocking New Possibilities with AI-Centric Networks’

Samsung Electronics Co., Ltd. today hosted the Silicon Valley Future Wireless Summit 2025 in Mountain View, California under the theme “Unlocking New Possibilities with AI-Centric Networks.”

The summit attracted approximately 100 distinguished participants, including representatives from major telecommunications operators, manufacturers, government agencies and academia. Following the official launch of 6G standardization discussions in the United States by the 3rd Generation Partnership Project (3GPP) in June, the industry has shifted its focus toward developing next-generation technologies that integrate AI into 6G communications. Samsung demonstrated its leadership in future communication technology at the event, unveiling achievements in AI-native technologies deployed in actual systems.

“We are focusing on integrating AI into communication systems to maximize user experience and network operational efficiency,” said JinGuk Jeong, Executive Vice President and Head of the Advanced Communications Research Center at Samsung Research. “Through the Silicon Valley Future Wireless Summit, we will expand collaboration with the telecommunications industry and continue our efforts to advance next-generation communication technology.”

AI-Driven Innovation in Wireless Communications, With Full-Scale AI-RAN Technology Validation

The summit commenced with keynote presentations from telecommunications industry experts, followed by three main sessions: “New AI-Driven Services,” “AI Radio Innovation,” and “AI Network Innovation,” along with technology demonstrations. Each session included a lecture on the topic, as well as panel discussions that facilitated dynamic exchanges between participants through Q&A sessions and active debates.

The “New AI-Driven Services” session focused on new wireless network services enabled by AI technology. The session came within the context of the industry having reached a consensus on the potential for AR∙XR and Integrated Sensing and Communication (ISAC), among others.

The “AI Radio Innovation” session covered the latest developments in AI-RAN and wireless network performance optimization through AI. Furthermore, active discussions were held on AI-RAN as a core technology for 6G communications.

The “AI Network Innovation” session featured in-depth discussions on the various impacts of AI-native communication technology extending from wireless networks to wired networks and servers. Participants learned how AI will be utilized in network automation, resource management optimization and predictive maintenance to maximize network operational efficiency.

The technology demonstration session that closed out the day showcased AI-RAN technology jointly developed by Samsung and its partners. Attendees showed particular interest in the validation results demonstrating how base station communication equipment with AI-RAN autonomously makes determinations and adjustments to optimize network quality.

The Development of AI-Native Next-Generation Communications Through Global Partnerships

Samsung is expanding its collaboration on 6G and AI-native communication technology with global partners, including telecommunications carriers, research institutes and consortia.

This year, the company has initiated collaboration with domestic carriers in Korea like KT — as well as global companies and research institutes such as SoftBank and KDDI Research — to enhance future communication quality. It is also participating in the Verizon 6G Innovation Forum, a global consortium leading the way in 6G technology development and commercialization.

Going forward, Samsung plans to further strengthen collaboration with global partners and continue research on the convergence of AI and communications technology to solidify its position in next-generation communications technology.

The agency added a boxed warning to the therapy after two non-ambulatory pediatric patients died from acute liver failure following treatment. The new label removes approval for use in non-ambulatory patients entirely, limiting the drug to ambulatory patients aged four and older.

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Earlier this year, Sarepta voluntarily paused distribution of Elevidys for non-ambulatory patients in June after the FDA issued a safety communication following the deaths.

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