126.38 -0.54 (-0.42%)
After hours: 4:20PM EST
|Bid||101.11 x 900|
|Ask||127.15 x 800|
|Day's Range||125.38 - 127.39|
|52 Week Range||67.85 - 127.39|
|Beta (5Y Monthly)||0.32|
|PE Ratio (TTM)||22.98|
|Earnings Date||Feb 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||152.50|
WASHINGTON, Feb. 10, 2020 -- FTI Consulting, Inc. (NYSE: FCN) today announced that the firm has maintained its top position on the Who’s Who Legal Arbitration 2020: Expert.
WASHINGTON, Feb. 05, 2020 -- FTI Consulting, Inc. (NYSE:FCN) today announced that its Corporate Finance & Restructuring segment has been recognized as an industry leader.
WASHINGTON, Feb. 04, 2020 -- FTI Consulting, Inc. (NYSE: FCN) today announced that its Technology segment has launched its Story Development solution for litigation and.
WASHINGTON, Feb. 04, 2020 -- FTI Consulting, Inc. (NYSE: FCN) today announced that it will release financial results for the fourth quarter and full year ended December 31,.
FTI Consulting, Inc. (FCN) today announced that its Technology segment has launched a universal Microsoft Office 365 connector, which eliminates unnecessary steps during the transfer of Microsoft Office 365 email and files to e-discovery platforms and supports efficient e-discovery in litigation, investigations and other matters. “Legal teams need e-discovery to be as simple and efficient as possible in order to manage the growing cost, volume and variety of data types they now face,” said Daryl Teshima, a Senior Managing Director within FTI Technology. Of the 81 percent of organizations that have migrated to cloud services, more than half use Microsoft Office 365.
WASHINGTON, Jan. 30, 2020 -- FTI Consulting, Inc. (NYSE: FCN) today announced that Anthony Saitta has joined its Real Estate Solutions industry group as a Managing Director and.
At the end of the day, investors want to see returns. To accomplish this goal, seasoned Wall Street observers often turn to one strategy time and time again: growth investing. A solid growth play is a name that appears poised to not only grow at an above-average rate but also reward investors handsomely over the long run.Rolling up their sleeves, investors are pounding the Wall Street pavement in search of the tickers with impressive long-term growth prospects. However, having a target in mind is one thing, but zeroing in on these stocks primed for stellar gains in the coming years is another story entirely. This task also isn’t made any easier by the fact that 2019 saw the S&P 500 post its largest yearly gain since 2013, closing the year up 29% and starting out 2020 with an increase of 2%.Luckily, TipRanks, a company that tracks and measures the performance of analysts, can lend investors a hand. After using the platform’s Stock Screener tool during our own search, we were able to unmask 3 Buy-rated stocks flagged by the analysts for their strong long-term growth narratives. On top of this, each boasts substantial upside potential from the current share price.Here’s the full scoop.Global Blood Therapeutics Inc. (GBT)Global Blood Therapeutics is focused on developing treatments for underserved patient communities. With one therapy for sickle cell disease, a group of disorders that impacts hemoglobin in blood cells, already approved and another candidate for the disease in development, some analysts believe that its 94% gain in 2019 is just the beginning.Back in November, the company got some good news when the FDA granted its lead candidate, Oxbryta, accelerated approval for use in adults and children 12 years and older with sickle cell disease based on the results of the pivotal Phase 3 HOPE study. In the study, the drug was able to produce a rapid, potent and durable improvement in hemoglobin. With the ruling coming three months before the original PDUFA date, it’s no wonder Wall Street pros are excited. To top it all off, the label for Oxbryta is clean and broad, and the therapy can be administered alone or in combination with hydroxyurea.H.C. Wainwright’s Debjit Chattopadhyay does remind investors that the company is still required to continue the HOPE-KIDS 2 study to demonstrate decreased risk of stroke in children 2 to 15 years old. That being said, the four-star analyst expects the results to be similar to the HOPE Phase 3 program findings. “Additionally, because the HOPE-KIDS 2 study is enrolling patients as young as 2 years of age, data could be leveraged for label expansion to treat patients under 12,” Chattopadhyay commented.As the analyst sees the drug’s U.S. sales reaching $1.2 billion in 2024, it makes sense that he reiterated both a Buy rating and $150 price target. Should the target be met, shares could be in for a 105% twelve-month gain. (To watch Chattopadhyay’s track record, click here)Like Chattopadhyay, Wedbush analyst Liana Moussatos takes a bullish approach. With no price increases expected for three years and little to no competition anticipated from Novartis’ recently released ADAKVEO antibody treatment for sickle cell disease, the analyst thinks the market opportunity is large. Bearing this in mind, she bumped up the price target from $120 to $143 in addition to maintaining her bullish call. (To watch Moussatos’ track record, click here)In terms of the rest of the Street, a majority of analysts also see GBT as a Buy, 13 out of 16 to be exact. As a result, the consensus rating is a Strong Buy. Given the $102.20 average price target, the upside potential lands at 40%. (See Global Blood Therapeutics stock analysis on TipRanks) Zynga Inc. (ZNGA)Zynga is best known for being the force behind wildly popular games such as “Words With Friends”, “Empires & Puzzles” and “Merge Dragon”. After posting an impressive 70% climb in 2019, does the video game developer still have more fuel left in the tank?According to SunTrust Robinson’s Matthew Thornton, the answer is yes. In his initiation note, the analyst points out that the already large gaming market, which was worth about $83 billion in 2019, is still expanding, with a 5-year 2018-2023 CAGR of 9.9%. He tells investors the companies that can prosper in this competitive and fragmented environment will be those with platform-exposure to the market, publishers with unique franchises or IP, network scale and ability to fund and execute robust live services, pipeline development and M&A. Based on this, Thornton has high hopes for ZNGA.“ZNGA provides pure-play exposure to the large and fast growing global mobile gaming market with a growing (31% pro forma in 3Q19, driven by Merge Dragons and Empires & Puzzles) and diversified existing game portfolio and highly experienced management team and Board. In addition to a healthy existing portfolio, ZNGA has a strong pipeline (at least 7 games, including FarmVille, Harry Potter, Star Wars, Game of Thrones, and others) as well as a strong balance sheet and acquisition track record to augment organic growth with M&A in what is a highly fragmented market,” he wrote.Taking all of this into consideration, the four-star analyst puts the 2-year 2019-2021 revenue and EBITDA CAGR at 13% and 18%, respectively. Not to mention the company is also expected to surpass consensus estimates over the next few years.In line with his bullish thesis, Thornton started his ZNGA coverage with a Buy recommendation. In addition, he set a $7.50 price target, indicating that shares could surge 23% in the next twelve months. (To watch Thornton’s track record, click here)Looking at the consensus breakdown, 6 Buys, 1 Hold and 1 Sell published in the last three months add up to a Moderate Buy. With a $7.50 average price target, the upside potential matches Thornton’s forecast. (See Zynga stock analysis on TipRanks) FTI Consulting, Inc. (FCN)Operating as a global business advisory firm, FTI Consulting offers its clients transactional, operational, financial, legal and reputational services. In 2019, the company saw shares climb 66% higher, and one analyst is betting that this run can continue in 2020.SunTrust Robinson’s Tobey Sommer argues that for the first time in its history, FTI has created a sustainable organic growth firm that constantly adds new employees so that it can offer “adjacent services”. Among these new services are business transformation, public affairs, cyber and global construction disputes. “We believe that FCN should be able to hire a steady stream of experienced talent from Big 4 accounting firms in Europe who are worried that emerging regulatory scrutiny will conflict them out of work from key relationships,” he noted.Additionally, Sommer cites several key upcoming catalysts as putting FCN on an upward trajectory. He thinks that fourth quarter revenue and EBITDA should beat the Street’s estimates, with the midpoint for initial 2020 guidance falling in line with expectations.He added, “From the initial guidance, we expect material upside results throughout the year propelled by headcount growth (year-over-year consultant headcount rose 17% in 3Q19), pricing could increase above trend and regulatory investigations into global tech firms could drive antitrust work.”It’s no surprise, then, that the five-star analyst stayed with the bulls, leaving the Buy rating unchanged. If that wasn’t enough, he gave the price target a boost, increasing the figure from $130 to $155. This bolstered target conveys his confidence in FCN’s ability to jump 31% in the twelve months ahead. (To watch Sommer’s track record, click here)When it comes to other analyst activity, it has been relatively quiet on Wall Street. As Sommer is the only analyst that has reviewed FCN recently, the word on the Street is that the stock is a Moderate Buy. The average price target and upside potential are also the same as the SunTrust Robinson analyst’s. (See FTI Consulting stock analysis on TipRanks)
(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The hack of Amazon.com Inc. billionaire Jeff Bezos’s phone, allegedly via a WhatsApp message, brings to light potential security weaknesses in smartphone operating systems, Facebook Inc. vice president Nicola Mendelsohn said.“One of the things that it highlights is actually some of the potential underlying vulnerabilities that exist on the actual operating systems on phones,” Mendelsohn said in a Bloomberg Television interview with Francine Lacqua at the World Economic Forum in Davos, Switzerland on Thursday.Bezos’s iPhone may have been hacked after he received a message via Facebook’s WhatsApp messaging platform, from Saudi Arabia’s Crown Prince Mohammed Bin Salman, according to a November 2019 report by FTI Consulting Inc., a business advisory firm, which was published by Vice.The message included a 4.22 MB video. Within hours of receiving it, “a massive and unauthorized exfiltration of data from Bezos’s phone began,” according to the report. The Saudi Embassy has denied involvement in the hack, calling the allegations “absurd.”Apple Inc. did not immediately respond to a request for comment.Read more about the Bezos hack here.Mendelsohn, who helps run Facebook’s Europe, Middle East and Africa business, said that the company would take any allegations that its service was used in a hack very seriously and would look into it, but said the company couldn’t “comment on any individual story.”It’s not the first time WhatsApp’s been drawn into a hacking controversy. WhatsApp in November sued Israeli spyware maker NSO Group, accusing it of infecting phones of some users through the messaging app. The lawsuit said that NSO Group used a vulnerability in WhatsApp, since patched, to secretly deliver its surveillance software to users. NSO denied the claims in the lawsuit and said it would “vigorously fight them.”To contact the reporter on this story: Amy Thomson in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Nate LanxonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Researchers still aren’t sure exactly what infected the billionaire’s handheld. Tasked with diagnosing a suspected cyberattack on an iPhone owned by Amazon.com Chief Executive Officer Jeff Bezos, forensics experts detected a massive spike in data being siphoned from the device hours after he received a WhatsApp message from a Saudi royal. Yet the malware behind the hack remains a mystery.What’s clear, though, is that Bezos was hit by a potent combination: advanced code, capable of grabbing gobs of information quickly, along with an encrypted delivery system that helped it evade detection. Over the last decade, spyware has gained wider acceptance, become more lucrative and, when transmitted via encryption, increasingly effective. It has evolved from a surveillance tool available for download on the dark web, often by consumers seeking to pry into a partner’s private life, into a pricey product passed off as a way for law enforcement to root out illegal behavior. The market for mobile surveillance technology is valued at about $12 billion and remains less than 10% penetrated, according to Moody’s.The alleged attack on Bezos would be one of the most high-profile examples of spyware being used by government officials against an individual, and it has elicited calls for greater regulation of the industry. The two United Nations experts -- Agnes Callamard, UN special rapporteur on summary executions and extrajudicial killings, and David Kaye, UN special rapporteur on freedom of expression -- said they want a moratorium on the sale and transfer of surveillance technology from private companies. They also called the allegations involving Bezos’s phone “a concrete example of the harms that result from the unconstrained marketing, sale and use of spyware.”“Surveillance through digital means must be subjected to the most rigorous control, including by judicial authorities and national and international export control regimes, to protect against the ease of its abuse,” they wrote in a report released Wednesday.The UN experts and the forensic analysis of Bezos’s mobile phone, which was published by Vice, identified two electronic surveillance companies that could have developed the technology used to execute the hack. Israel’s NSO Group and Italy’s Hacking Team both sold products to Saudi officials before the 2018 attack, according to FTI Consulting Inc., which did the analysis. Saudi Arabia spent $55 million in 2017 for NSO’s Pegasus software, the Israeli newspaper Haaretz reported in November.Hacking Team didn’t respond to requests for comment, and NSO denied involvement in the attack.“Our technology was not used in this instance; we know this because of how our software works and our technology cannot be used on U.S. phone numbers,” the company said in a statement, while declining to say whether it has done business with Saudi Arabia. “Our products are only used to investigate terror and serious crime.”As the industry has grown in profitability, so has its reputation as a clean and credible business, said Jack Cable, an independent security researcher and a student at Stanford University. Even so, software makers can’t guarantee that their products won’t be used for ill intent, he said.“We need look no further than the advertising of companies like NSO Group to see that they sell themselves as protecting human rights for their exploit services,” Cable said. At the same time their products have been employed by authoritarian governments accused of human rights abuses.Spyware is essentially a type of malware that is unwittingly loaded on the device and then takes over.Once it’s installed, spyware like NSO’s Pegasus can begin sending back the phone user’s private data, including passwords, contact lists, calendar events, text messages and live voice calls from mobile messaging apps, according to the Pegasus manual. In some cases, the operator of the spyware can use the phone’s camera or microphone to take photographs or record audio without the target’s knowledge.On its website, NSO Group notes that terrorists, drug traffickers, pedophiles and other criminals have access to advanced technology that makes them harder to monitor and track. “NSO Group develops best-in-class technology to help government agencies detect and prevent a wide-range of local and global threats.”Milan-based Hacking Team, founded in 2003, has sold surveillance technology to law enforcement and intelligence agencies in dozens of countries, according to company documents. Hacking Team promotional materials describe how the company’s technology -- its flagship system is called “Galileo” -- was designed to gain access to people’s Skype calls, social media messages, mobile phone locations, text messages and other data. The company said in a video posted online that the technology could be “deployed all over your country” and could hack devices belonging to “hundreds of thousands of targets.”There is a constant cat-and-mouse game played between spyware developers and the companies responsible for mobile operating systems and applications. When a new spyware tool is discovered, developers from companies like Apple Inc. and Facebook Inc. work to release a software patch that blocks the tool from working. Then the surveillance manufacturers will work to upgrade their tools to bypass the latest security updates.In recent years, however, there have been a number of cases in which spyware has been used to hack the phones or computers of journalists, activists, politicians and ordinary civilians.Activists and researchers say they have identified over 100 cases where NSO Group’s technology has been abused to target dissidents, lawyers and enemies of oppressive regimes. WhatsApp and its parent company, Facebook, sued NSO Group in October alleging that the Israeli company used malware to hack into the mobile phones of 1,400 people and conduct surveillance. NSO group disputed the allegations and vowed to fight them vigorously.Amnesty International is supporting a lawsuit in Tel Aviv court against the Israeli Ministry of Defense seeking revocation of NSO’s export license. The lawsuit was filed in May 2019 by a group of non-profit groups claiming NSO’s technology prioritizes profit over human rights.From 2017 to 2019, NSO Group’s technology was linked to hacks on a British lawyer, a Canada-based Saudi dissident, and multiple U.S. citizens.In 2012, Ahmed Mansoor, a prominent human rights advocate in the United Arab Emirates was targeted with spyware produced by Italy’s Hacking Team. Since then, similar cases have been reported in countries including Morocco, Egypt and Bahrain.Meanwhile, in Italy, prosecutors are currently probing a company named eSurv, whose employees developed spyware for law enforcement agencies, but then allegedly used the technology to hack the phones of hundreds of innocent Italians.And the work on Bezos’s phone aimed at getting to the bottom of the hack, FTI says, is still under way.To contact the reporters on this story: William Turton in New York at firstname.lastname@example.org;Ryan Gallagher in Edinburgh at email@example.com;Kartikay Mehrotra in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Andrew Martin at email@example.com, Tom GilesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- In the spring of 2018, Saudi Arabia’s crown prince, Mohammed Bin Salman, arrived in the U.S. for a three-week cross-country tour to pitch a progressive vision for his kingdom, including an economic plan less reliant on oil, and to charm America’s elite.He visited MIT and Harvard, talked space travel with Richard Branson and hobnobbed with celebrities, including Oprah Winfrey, according to media reports. The crown prince also met with business executives, including Amazon.com Inc. Chief Executive Officer Jeff Bezos.It was an encounter likely weighted with tension. Both Amazon’s e-commerce site as well as its most profitable business, Amazon Web Services, had been pushing to expand in the Middle East, including in Saudi Arabia. At the same time, Jamal Khashoggi, a columnist at the Bezos-owned Washington Post, had written columns sharply critical of the crown prince including one, while Bin Salman was visiting the U.S., saying that “replacing old tactics of intolerance with new ways of repression is not the answer.” They met at a small dinner in Los Angeles on April 4. It’s not clear what the two men talked about, but it apparently went well enough that they exchanged phone numbers.Nearly four weeks later, on May 1, Bezos received a WhatsApp message from the crown prince’s account, which arrived “unexpectedly and without explanation, meaning it was not discussed by the parties in advance of being sent,” according to a November 2019 report by FTI Consulting Inc., a business advisory firm, which was published by Vice.The message included a 4.22 MB video. Within hours of receiving it, “a massive and unauthorized exfiltration of data from Bezos’s phone began,” according to the report.News of the alleged hack was reported by The Guardian on Tuesday and confirmed Wednesday by two United Nations experts, who said in a statement, “The information we have received suggests the possible involvement of the crown prince in surveillance of Mr. Bezos, in an effort to influence, if not silence, The Washington Post’s reporting on Saudi Arabia.”The Saudi Embassy has denied involvement in the hack, calling the allegations “absurd.”The details from the U.N. statement add a remarkable twist to last year’s already remarkable accusation by Bezos that the National Enquirer tried to blackmail him by threatening to publish embarrassing personal photos and texts from him a month after it published an article saying he was having an extramarital affair.Bezos’s security team launched an investigation into how the texts leaked, led by security consultant Gavin de Becker. It didn’t take long for De Becker to home in on Saudi Arabia. De Becker said the Saudi government was targeting Bezos as the owner of the Washington Post.A few months earlier, in October 2018, Khashoggi was murdered by agents of the Saudi government and the Washington Post published “ever-expanding revelations” about the role of the Saudi government and of the crown prince personally, according to the U.N. experts. That was soon followed by an online campaign against Bezos: In November 2018, the top-trending hashtag on Saudi Twitter was “Boycott Amazon.”On Nov. 8, 2018, Bezos received another message from the crown prince’s WhatsApp account, when Bezos and his wife were exploring a divorce and before his marital problems became public, according to the FTI Consulting report. It showed a picture of a woman who resembled Lauren Sanchez, with whom Bezos was having a then-secret relationship, and read: “Arguing with a woman is like reading the Software License Agreement. In the end you have to ignore everything and click I agree,” according to the report.De Becker’s inquiry included interviews with current and former executives at the National Enquirer’s parent company, American Media Inc., discussions with Middle East experts and cybersecurity officials who have tracked Saudi spyware. He concluded, in a March 30, 2019 column in the Daily Beast “with high confidence that the Saudis had access to Bezos’ phone and gained private information.”But the investigation wasn’t over. De Becker hired FTI Consulting on Feb. 24, 2019 to do an analysis of Bezos’ iPhone X, according to the company’s report. The analysis was conducted in a “well-equipped and secure lab environment, including forensic imaging of Bezos’ phone and analysis of phone behavior in a sandboxed network,” the report says.What the FTI investigators found was that the amount of data being transmitted out of Bezos’s phone changed dramatically after receiving the video file from the crown prince’s account. His phone averaged about 430 KB of egress per day in the six months prior to receiving the WhatsApp video. Hours later, the egress jumped to 126 MB, according to the report.The FTI Consulting report was completed in November, and was passed along to experts at the U.N. who were already looking into the Khashoggi murder. One of those experts, David Kaye, the U.N. special rapporteur on the promotion and protection of the right to freedom of opinion and expression, said evidence shared with his team was reviewed by four independent experts, who asked some questions of the authors, leaving the U.N. team ultimately satisfied with the results.Kaye said they sent a letter to the Saudi government warning that their statement was coming.“The allegations here are very grave, they’re about a foreign government compromising the communications account of a phone of an American citizen,” Kaye said in an interview. “There’s clearly enough for federal authorities to examine this.”The crown prince hasn’t yet addressed the allegations. But on Feb. 16, 2019, two days after Bezos had received a briefing on the Saudi online campaign against him, his WhatsApp account sent another message to Bezos telling him to be skeptical of what he was hearing.“Jeff all what you hear or told to it’s not true and it’s matter of time tell you know the truth,” the message says, according to the FTI Consulting report. “There is nothing against you or Amazon from me or Saudi Arabia.”\--With assistance from Matt Day.To contact the reporters on this story: David Wainer in New York at firstname.lastname@example.org;Alyza Sebenius in Washington at email@example.comTo contact the editors responsible for this story: Andrew Martin at firstname.lastname@example.org, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
As executives continue to confront cybersecurity, financial crime and regulatory threats in 2020, companies remain largely unprepared for events that can impact revenue, valuation and reputation, according to a new survey released today by FTI Consulting, Inc. (FCN) at the World Economic Forum in Davos, Switzerland. The FTI Consulting Resilience Barometer 2020, a survey of more than 2,200 executives from private and publicly traded companies across all G-20 countries, measured the preparedness of companies against 18 regulatory, operational, cultural, leadership and technological threats.
Transactions Practice Unites Existing Expertise in a Single Go-to-Market, Industry-Focused Approach Scott Bingham Appointed Transactions Leader in the U.S. WASHINGTON, Jan..
The consulting services industry is expected to experience strong growth driven by internationalization and growth of new areas such as design thinking, digital and cybersecurity.
FTI Consulting, Inc. (FCN) today announced the appointment of William J. Perlstein as a Senior Managing Director and Vice Chair, Client Services. Mr. Perlstein brings more than 40 years of experience as a legal practitioner and business leader at WilmerHale and BNY Mellon. “Bill is an incredibly experienced, strategic leader who, as a former managing partner of WilmerHale, understands the importance of client service and collaborating across various parts of the firm to ensure we address the breadth of the problems our clients face,” said Steven H. Gunby, President and Chief Executive Officer of FTI Consulting.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...
FTI Consulting, Inc. (FCN) today announced the appointment of Brendan Klein as a Senior Managing Director and Mike Mohr as a Managing Director in the Business Transformation practice, enhancing the firm’s capabilities to assist companies with improvements in their sales organizations and sourcing and procurement functions. Mr. Klein, who is based in Denver, brings more than 20 years of experience advising multinational organizations on optimizing sales and service channels based on customer and partner experience.
WASHINGTON, Dec. 16, 2019 -- FTI Consulting, Inc. (NYSE: FCN) today announced the addition of David Meadows, an expert in e-discovery and digital forensics, as a Senior.
WASHINGTON, D.C., Dec. 12, 2019 -- FTI Consulting, Inc. (NYSE: FCN) today announced the formal launch of its LIBOR Transition Task Force, a multidisciplinary group that.
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
The Zacks Analyst Blog Highlights: Cross Country Healthcare, Genesis Healthcare, Chuy's, Consulting and Huron Consulting