Analyst Ratings

Date	Action	Analyst	Rating	Target
Jun-18-26	Reiterated	Goldman Sachs	Buy	$45 → $50
Jun-16-26	Upgrade	UBS	Neutral → Buy	$60
Jun-16-26	Reiterated	BMO Capital	Outperform	$43 → $50
May-15-26	Reiterated	Wedbush	Outperform	$55 → $48
May-14-26	Reiterated	Wolfe Research		$45 → $42
May-14-26	Reiterated	Canaccord Genuity	Buy	$50 → $46
May-14-26	Reiterated	BMO Capital	Outperform	$45 → $43
May-14-26	Reiterated	UBS	Neutral	$64 → $36
May-14-26	Reiterated	Barclays	Overweight	$47 → $44
May-14-26	Reiterated	Morgan Stanley	Equal Weight	$43 → $40

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2026 3/31/2026	FY 2025 3/31/2025	FY 2024 3/31/2024
Total Revenue	2,018	2,018	1,699	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	372	372	320
Gross Profit	1,646	1,646	1,378
Selling, General and Administrative Excl. Other	908	908	801
Research and Development	475	474	385
Other Operating Expense	-1	0	13
Operating Income	264	264	179
Interest Expense	0	0	0
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-36	-36	-44
Net Income Before Taxes	299	300	223
Income Taxes	136	137	-260
Consolidated Net Income	162	163	484
Net Income From Continuing Operations	162	163	484
Net Income	162	163	484
EPS (Recurring)	0.54	0.54	1.62
EPS (Basic, Before Extraordinaries)	0.54	0.54	1.62
EPS (Diluted)	0.54	0.54	1.59
EBITDA	324	324	272
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	76.70	68.48	—
Price To Sales Ratio	6.12	5.46	—
Gross Margin	81.57	81.57	81.11
Operating Margin	13.08	13.08	10.54
Net Margin	8.03	8.08	28.49
Shares Outstanding	298	298	298
Market Capitalization	12,343	11,020	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Benson James M	EVP, CFO and Treasurer	Jun 15 '26	Option Exercise	0.00	35,462	0	184,817	Jun 17 12:00 AM
Yates Daniel S.	SVP, Chief Accounting Officer	Jun 05 '26	Option Exercise	0.00	17,770	0	35,333	Jun 09 12:00 AM
Greifeneder Bernd	EVP, Chief Technology Officer	Jun 05 '26	Option Exercise	0.00	88,102	0	953,900	Jun 09 12:00 AM
Greifeneder Bernd	EVP, Chief Technology Officer	Jun 05 '26	Sale	42.19	247	10,421	1,747	Jun 09 12:00 AM
Zugelder Dan	EVP, Chief Revenue Officer	Jun 05 '26	Option Exercise	0.00	117,878	0	62,551	Jun 09 12:00 AM
Benson James M	EVP, CFO and Treasurer	Jun 05 '26	Option Exercise	0.00	112,816	0	173,506	Jun 09 12:00 AM
McMahon Stephen A	EVP, Chief Customer Officer	Jun 05 '26	Option Exercise	0.00	78,422	0	69,853	Jun 09 12:00 AM
MCCONNELL RICK M	Chief Executive Officer	Jun 05 '26	Option Exercise	0.00	321,044	0	267,124	Jun 09 12:00 AM
Campbell Lisa M	Director	Jun 04 '26	Option Exercise	0.00	1,014	0	4,555	Jun 05 12:00 AM
Kulkarni Amol	Director	Jun 01 '26	Option Exercise	0.00	1,036	0	9,688	Jun 02 12:00 AM
Yates Daniel S.	SVP, Chief Accounting Officer	Apr 15 '26	Option Exercise	0.00	2,644	0	29,975	Apr 16 12:00 AM
Benson James M	EVP, CFO and Treasurer	Mar 15 '26	Option Exercise	0.00	35,464	0	142,705	Mar 17 12:00 AM
MCCONNELL RICK M	Chief Executive Officer	Mar 05 '26	Option Exercise	0.00	112,248	0	177,223	Mar 09 12:00 AM
Benson James M	EVP, CFO and Treasurer	Mar 05 '26	Option Exercise	0.00	37,772	0	126,423	Mar 09 12:00 AM
Zugelder Dan	EVP, Chief Revenue Officer	Mar 05 '26	Option Exercise	0.00	55,314	0	31,937	Mar 09 12:00 AM


Market Cap	12.02B	Forward P/E	18.38	EPS next Y	2.25	Insider Trans	0.37%	Shs Float	-	Perf Month	3.65%


Enterprise Value	11.09B	PEG	-	EPS next Q	0.45	Inst Own	-	Short Float	-	Perf Quarter	6.04%


Income	159.91M	P/S	5.96	EPS this Y	260.70%	Inst Trans	-	Short Ratio	-	Perf Half Y	-6.23%


Sales	2.02B	P/B	4.70	EPS next Y	15.71%	ROA	3.68%	Short Interest	-	Perf YTD	-4.43%


Book/sh	8.96	P/C	21.94	EPS next 5Y	11.22%	ROE	6.00%	52W High	57.55 -28.03%	Perf Year	-25.90%


Cash/sh	4.02	P/FCF	22.80	EPS past 3/5Y	-	ROIC	4.99%	52W Low	31.64 30.91%	Perf 3Y	-


Dividend Est.	-	EV/EBITDA	34.25	Sales past 3/5Y	20.30% 23.44%	Gross Margin	81.56%	Volatility	2.58% 3.06%	Perf 5Y	-


Dividend TTM	-	EV/Sales	5.49	EPS Y/Y TTM	0.63%	Oper. Margin	13.08%	ATR (14)	1.69	Perf 10Y	-


Dividend Ex-Date	Apr 29, 2010	Quick Ratio	1.35	Sales Y/Y TTM	18.78%	Profit Margin	8.06%	RSI (14)	53.74	Recom	2.13


Dividend Gr. 3/5Y	-	Current Ratio	1.35	EPS Q/Q	10.81%	SMA20	-0.31%	Beta	0.71	Target Price	46.41


Payout	0.00%	Debt/Eq	0.06	Sales Q/Q	19.55%	SMA50	7.00%	Rel Volume	1.64	Prev Close	41.25


Employees	4,700	LT Debt/Eq	0.05	Earnings	Aug 05	SMA200	-1.55%	Avg Volume	6.34M	Price	41.42


IPO Date	Aug 01, 2019	Option/Short	Yes / Yes	EPS/Sales Surpr.	5.43% 2.11%	Net Debt/EBITDA	-2.88	Volume	10,381,912	Change	0.41%

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