Aggressive Accumulation: Fund Manager Backs Up the Truck for Software Stock

Workiva (NYSE:WK) reported Q2 CY2026 revenue of $255.3 million, up 18.6% year on year, exceeding Wall Street estimates by 1.7%. Non-GAAP EPS was $0.77, 21.3% above consensus. The company guided next-quarter revenue to about $261 million and EPS above estimates; shares fell 9.7% to $55.30.

Workiva (NYSE: WK) said it launched three domain-specific AI agents on July 29 to automate financial close tie-outs, peer disclosure benchmarking from SEC filings, and drafting sustainability disclosures aligned with ESRS and ISSB standards. The agents include an audit trail and run on Workiva’s cloud platform, with availability on advanced tiers. Workiva also introduced “Workiva Knowledge” and an MCP gateway for customers’ own AI models.

Realty Income (NYSE: O) says it began investing in data centers in late 2023 via a build-to-suit JV with Digital Realty, buying an 80% stake in an up to 48 MW facility. It also formed a hyperscale JV with Cloud Capital, targeting up to $1.4B investment for a 45% stake. Realty Income raised 2024 AFFO guidance to $4.44-$4.45/share and investment outlook to $10B.

Bloomberg reported the US Army plans to buy at least $400 million of AeroVironment counter-drone laser systems, citing a person familiar with the deal. The order would include dozens of LOCUST units that use AI to detect and track small to medium drones and then engage them with a high-energy laser. AeroVironment’s stock rose about 8% on Friday.

Rocket Lab (RKLB) said it won a $397 million U.S. Space Force contract to develop, launch, and operate multiple Flatellites for the SB-AMTI program. Flatellites are slimmer, stackable satellites intended to increase deployments per launch and integrate with Rocket Lab’s Neutron rocket. The article cites analyst forecasts for revenue rising from $602M (2025) to $1.7B (2028).

Diversified Energy (LSE:DEC, NYSE:DEC) said it will shift from acquisition-led growth to drilling its own wells, launching a one-rig operated development programme in Oklahoma in 2H, spending $35m to $50m. It expects drilling to materially affect 2027 production. Q2 adjusted EBITDA fell 14% to $240m; guidance calls for $960m-$1.01b adjusted earnings and ~$440m free cash flow.