OSI Systems Inc (OSIS) News & EventsOSISOSI Systems Inc

OSI Systems Secures Approximately $90M Orders from U.S. Government

OSI Systems announced that its Security division has received orders totaling approximately $90M from U.S. Government customers for radio frequency, RF, communication products supporting a range of distinct applications, including advanced Very Low Frequency, VLF, communication systems and critical high frequency transmission products, along with related support services. OSI Systems' President and CEO, Ajay Mehra, commented, "We are seeing good momentum in our RF business and these awards reflect the investments we have made to support that growth through an expanded operational footprint and labor capacity. These awards underscore the value of our differentiated VLF and high frequency transmission technology, the expertise of the RF team, and we appreciate the opportunity to support future upgrades across critical communications infrastructure."

Major Averages Rise as Investors Tackle Yield Volatility

The major averages were broadly higher, ending the week on a high note as investors attempt to shake off a yield-driven selloff.Long-dated Treasury yields surged this week amid concerns about rising government debt, financing needs and persistent inflation, with the 30-year yield earlier reaching its highest level since 2007. Treasury Secretary Scott Bessent said the government could further expand its Treasury repurchases after this week's intervention, but yields remain near recent highs and investors remain concerned that buybacks do not address the underlying deficit and debt outlook.Meanwhile, oil and geopolitics are adding to inflation concerns. Diplomatic progress with Iran remains limited, while the U.S. is threatening tougher economic measures and Middle Eastern supply disruptions continue to support crude prices. That leaves investors weighing the prospect of renewed energy-driven inflation just as they are trying to determine the Federal Reserve's next move.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:BJ's Wholesaleprovided areport for Q2Ross Storesalso reported, increased its FY26 earnings outlook, and provided an upbeat earnings outlook for Q3Broadcomis in discussions with a group of lenders to raise over $60B in debt for an AI semiconductor financing deal that will benefit Anthropic and other firms,FedExand UPSwerefor Transportation Command contract modificationsThe Dutch Data Protection Authority is fining UberEUR825M, or about $966M, under European data protection rules for deactivating driver accounts through automated systems without properly telling them about it,2. WALL STREET CALLS:BMO Capitalcoverage of Nvidiawith an Outperform rating and $340 price targetEquifaxto Buy from Neutral at Rothschild & Co RedburnBairdParsonsto Outperform, says investor sentiment is lowTeradyneto Neutral at Baird on valuationJPMorganLimbachto Underweight from Neutral3. AROUND THE WEB:Appleis cutting jobs in multiple departments, Bloomberg reportsFugazi Research said in a short report that Aeva's"valuation is disconnected from the business the company actually reports"Poolside AI, an AI model-building startup, has struck a non-exclusive $6B licensing deal with Nvidia, plus a $1B investment at a $12B pre-money valuation, Newcomer saysSamsung Electronicsis expected to hold a board meeting and disclose the details of a shareholder return program that could be worth as much as $79B, Bloomberg reportsCitiis said to join Morgan Stanley, Goldman Sachs, and JPMorganas one of the banks working on bringing Anthropic to public markets, Bloomberg says4. MOVERS:O-I Glassincreased after Citithe stock to BuyArbutus Biopharmagained aftera modified "Dutch Auction" tender offer to repurchase up to $230M sharesCleveland-Cliffswas higher afterin Middletown WorksAmerican Electricfell after Morgan Stanleyits price target on the stockAlibabadeclined in New York after Citi and Bairdtheir price targets on the stock5. EARNINGS/GUIDANCE:The Buckle, with EPS lower year-over-yearKE Holdings, with EPS and revenue beating consensusFlowers Foodsand cut its guidance for FY26, with CEO Ryals McMullian commenting, "Our second quarter results reflect the continued challenges across the fresh packaged bread category"OSI Systems, with EPS beating consensusUbiquitireported year-over-year increases inINDEXES:The Dow rose 517.80, or 0.98%, to 53,277.01, the Nasdaq gained 113.29, or 0.43%, to 26,180.46, and the S&P 500 advanced 33.21, or 0.43%, to 7,674.37.