- WISeKey International Holding AG (NASDAQ:WKEY) shares are trading higher Monday after it tweeted about its satellite discussions with SpaceX owner Elon Musk.
- The cybersecurity firm tweeted about a discussion in Paris between WISeKey CEO Carlos Creus Moreira and Musk on launching more low-orbit Picco satellites leveraging SpaceX and incrementing the 13 satellites it already had in orbit.
- In April, WISeKey reported FY22 revenue of $23.8 million, up by 35% year-on-year.
- The company saw an EPS loss of $(0.24). The gross profit margin was flattish at 42.4%.
- Price Action: WKEY shares traded higher by 29.90% at $2.82 on the last check Monday.
RBC Capital Upgrades W.W. Grainger to Sector Perform, Raises Price Target to $679
RBC Capital analyst Deane Dray upgrades W.W. Grainger (NYSE:GWW) from Underperform to Sector Perform and raises the price target from $502 to $679.
