Vertex

VERX

Market cap $3.08B

Nebius Group N.V. (NBIS), Talen Energy Corp (TLN), and Tutor Perini Corporation (TPC) were among the top contributors to performance. Wingstop, Inc. (WING), Portillo's, Inc. (PTLO), and Vertex, Inc. (VERX) were among the top detractors from performance. Portillo's is a fast-casual restaurant chain best known for Chicago-style hot dogs and Italian beef sandwiches, operating company-owned locations across the United States.

As the market grows increasingly top-heavy, the risks for fundamentally weaker and average-strength companies are increasing. The number of stocks losing momentum over the past year has mounted as mega-cap tech and AI-driven names rocketed higher. While there are Strong Buys to be had outside of the mega-cap tech stocks, the downside risk is mounting for the weaker ones.

Nebius will supply dedicated GPU infrastructure to power Microsoft's AI services, marking Nebius's first long-term contract with a major cloud service provider. Astera Labs shares contributed positively during the quarter after the company reported better-than-expected fiscal second-quarter results. Q2 Holdings experienced a valuation reset amid mixed sell-side signals and elevated headline valuation metrics.

The tax software specialist delivered double-digit growth on the top line in its latest quarter. Adjusted net income also rose, albeit not as steeply.

Vertex (VERX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Vertex (NASDAQ: VERX) delivered a split result this morning that left investors parsing mixed signals.

Vertex, Inc. ( VERX ) Q3 2025 Earnings Call November 3, 2025 8:30 AM EST Company Participants Joseph Crivelli - Vice President of Investor Relations David DeStefano - CEO, President & Chairman of the Board John Schwab - Chief Financial Officer Conference Call Participants Joshua Reilly - Needham & Company, LLC, Research Division Christopher Quintero - Morgan Stanley, Research Division Alexander Sklar - Raymond James & Associates, Inc., Research Division Adam Hotchkiss - Goldman Sachs Group, Inc., Research Division Jacob Roberge - William Blair & Company L.L.C., Research Division Brett Huff - Stephens Inc., Research Division Steven Enders - Citigroup Inc., Research Division Andrew DeGasperi - BNP Paribas, Research Division Patrick Walravens - Citizens JMP Securities, LLC, Research Division Robert Oliver - Robert W.

Vertex, Inc. shares have plunged over 60% YTD, but valuation is now compelling after a post-earnings dip. VERX offers steady low-teens growth, expanding margins, and a sticky tax compliance software product with strong net revenue retention. Despite a slight revenue outlook cut, adjusted EBITDA guidance was raised, and a $150 million buyback program was launched, signaling management confidence.

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining more than 100 points on Monday.

KING OF PRUSSIA, Pa., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its third quarter ended September 30, 2025 and the adoption of its first-ever stock repurchase program.