In today’s briefing:
- Quiddity Leaderboard HSIII Dec25/Mar26: Interesting Implications of the Recent Methodology Changes
- Ciena Corporation: Expansion of Interconnect Pluggable Business As a Key To Doubling Revenue From This Segment In Consecutive Years!
- StubHub Holdings (STUB): Strong Open, Quick Retreat as Debt and Flipping Pressure Loom
- Rubrik’s DSPM Integration – Could This Be the Future of Cyber Resilience?
- Samsara Inc.: Larger Enterprise Deals
- Yusys Technologies A/H Listing: Market Share Loss but Profit Margins Have Expanded
- GitLab Doubles Down on AI with OpenAI & Anthropic Partnerships — Here’s Why It Matters!
- DocuSign Inc.: Strategic Growth in IAM and International Markets Is Pushing Them Forward! – Major Drivers
- Sprinklr Inside: How Hardened CCaaS Infrastructure Sets the Stage for Big Growth!
- Guidewire Software’s Growth Story Is A Tale Of Cloud Transformation & Strategic Partnerships!
Quiddity Leaderboard HSIII Dec25/Mar26: Interesting Implications of the Recent Methodology Changes
- The Hang Seng Internet & IT (HSIII) index represents the top 30 stocks related to internet and information technology businesses listed in Hong Kong (HKEX).
- In this insight, we take a look at the impact of the new selection methodology for the December 2025 and March 2026 rebal/review events.
- We have also presented our index change expectations for the next semiannual index review which will take place in March 2026 (regular ADDs/DELs only take place in March and September).
Ciena Corporation: Expansion of Interconnect Pluggable Business As a Key To Doubling Revenue From This Segment In Consecutive Years!
- Ciena Corporation delivered strong results in its fiscal third quarter of 2025, showcasing significant top-line growth and improved profitability metrics.
- The company reported revenues of $1.22 billion, outpacing the high end of its guidance and representing a 30% increase year-over-year.
- The gains were driven by broad-based demand, particularly from cloud providers and service providers, with reported strong orders setting a new quarterly record for Ciena.
StubHub Holdings (STUB): Strong Open, Quick Retreat as Debt and Flipping Pressure Loom
- The company priced a full-size offering of 34.04 million shares at $23.50, the midpoint of the $22–$25 range, raising more than $750 million.
- Shares opened at $25.35, a 7.8% premium to the issue price, but that initial pop quickly evaporated. The stock closed its opening session at $22.00.
- Over the next 30 days, we expect investors to remain cautious, with many likely trimming exposure until upcoming quarterly results offer greater clarity.
Rubrik’s DSPM Integration – Could This Be the Future of Cyber Resilience?
- Rubrik’s recent quarterly performance showcased a notable blend of robust growth and strategic initiatives, presenting both opportunities and challenges for investors.
- Key positives highlighted in the earnings call include impressive top-line growth and strong financial metrics.
- The company reported a 36% year-over-year increase in subscription Annual Recurring Revenue (ARR), reaching over $1.25 billion.
Samsara Inc.: Larger Enterprise Deals
- Samsara Inc. has demonstrated considerable growth in the second quarter of fiscal 2026, with key financial metrics reflecting the company’s strong market position and strategic direction.
- The company reported an Annual Recurring Revenue (ARR) of $1.6 billion, representing a 30% year-over-year increase.
- Notably, customers contributing over $100,000 in ARR accounted for nearly $1 billion, growing by 35% from the previous year.
Yusys Technologies A/H Listing: Market Share Loss but Profit Margins Have Expanded
- Yusys Technologies (300674 CH) is looking to raise around US$350m in its upcoming H-share listing.
- Yusys Technologies is a PRC leading fintech solution provider operating in the domestic and overseas market, providing full-stack product-oriented technology solutions to a wide spectrum of financial institutions.
- In this note, we look at its past performance and other deal dynamics that might impact the listing.
GitLab Doubles Down on AI with OpenAI & Anthropic Partnerships — Here’s Why It Matters!
- GitLab’s second quarter of fiscal year 2026 results highlight both achievements and challenges for the company.
- The company experienced a significant revenue growth of 29% year-over-year, reaching $236 million, demonstrating strong demand for its AI-native DevSecOps platform.
- Additionally, GitLab reported an impressive non-GAAP operating margin of 17%, reflecting effective cost management and operational efficiency.
DocuSign Inc.: Strategic Growth in IAM and International Markets Is Pushing Them Forward! – Major Drivers
- Docusign continues to demonstrate resilience and innovation as evidenced in its Q2 Fiscal 2026 performance.
- Revenue reached $801 million, marking a 9% year-over-year growth, with billings up by 13% year-over-year to $818 million.
- The company’s strategic focus on platform innovation, particularly through its AI-native Docusign Intelligent Agreement Management (IAM) platform, has contributed positively to this growth.
Sprinklr Inside: How Hardened CCaaS Infrastructure Sets the Stage for Big Growth!
- Sprinklr, a company specializing in customer experience management software, reported $212 million in total revenue for the second quarter of fiscal year 2026, marking an 8% year-over-year growth.
- Subscription revenue accounted for $188.5 million, reflecting a 6% increase.
- The company achieved a record $38.2 million in nonGAAP operating income, resulting in an 18% operating margin, indicating improved cost management.
Guidewire Software’s Growth Story Is A Tale Of Cloud Transformation & Strategic Partnerships!
- Guidewire Software Inc. reported its fourth-quarter and fiscal year 2025 results, showcasing notable achievements in cloud transformation while addressing key challenges in the insurance software sector.
- Guidewire’s transition to a cloud-based model continues to drive growth, with Annual Recurring Revenue (ARR) increasing by 19% and fully ramped ARR advancing by 22% on a constant currency basis.
- Surpassing the $1 billion ARR milestone is a significant achievement, underlining Guidewire’s strong market position.
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