Sify Infinit Spaces files Draft Red Herring Prospectus in India

Sify Technologies reported a Q2 profit of INR 40M, reversing a INR 275M loss from the prior year. Adjusted EBITDA rose to INR 3,131M, and revenue increased to INR 13,798M. The stock gained 1.96% in after-hours trading.

Sify reported a 40 million rupee profit for the quarter, reversing a 275 million rupee loss from the previous year. Revenue rose 31% to 13,798 million rupees, while adjusted EBITDA increased 33% to 3,131 million rupees. The company highlighted growth in network, data center, and digital services, with significant new customer contracts.

Geron Corporation (GERN) shares fell over 20% after the company halted a late-stage trial for its cancer drug Rytelo due to efficacy concerns, according to the company.

Piper Sandler kept its Overweight rating on Visa with a $479 price target, implying a 19.2% upside from the Oct 27 close. The firm expects Visa to see low-double-digit revenue growth and low-to-mid-20% growth in value-added services for fiscal 2027, driven by consumer spending and investments.

Stephens & Co. kept an Overweight rating on Firstsun Capital Bancorp with a $48 price target, suggesting a 19.7% upside. The company reported operating EPS of $1.03, beating estimates, due to higher net interest income and lower expenses. The firm also noted effective balance sheet optimization.

Cantor Fitzgerald reduced its price target on BigBear.ai (BBAI) to $3.00 from $4.00, citing execution concerns. The stock is down 65% over the past year. BigBear.ai reported Q3 revenue of $43.6M, up 31.5% YoY, but adjusted EBITDA was negative $9.1M. The company raised its fiscal 2026 revenue guidance to $150M-$165M. Analysts do not expect profitability this year, with EPS forecast at -$0.03 for FY2026.