News about Cardinal Infrastructure

Zacks names Shopify (SHOP) Bull of the Day, citing a Zacks Rank #1 (Strong Buy) and expected 2026 revenue growth of 31.5%; Q3 2026 earnings are due November 3, with the most accurate estimate at $0.49 versus a $0.45 consensus. Shopify's Q2 revenue grew 34%, its free cash flow margin reached 18%, and orders from AI searches tripled year over year, though the stock trades at a forward P/E of 89.5, which the article calls expensive. Cardinal Infrastructure Group (CDNL) is named Bear of the Day with a Zacks Rank #5 (Strong Sell) after its 2026 earnings consensus was cut to $1.77 from $1.85, and the most accurate 2026 estimate is $1.52. On October 13, Cardinal agreed to acquire Hughes Brothers Construction for $357.5 million; the deal was amended on October 19 to 60% cash and 40% stock (previously 50/50), with a backlog of about $350 million, following the Allied Paving acquisition announced August 11.