Johnson Controls International Plc (JCI) has seen fluctuation in its performance against its competitors lately, with several instances of underperforming but also some strong trading days. There's been a notable increase in call options purchases, potentially indicating investor optimism. The company's Q2 2024 earnings call transcript, although not elaborated on, could contain key information. Expanding customer solutions, JCI plans to provide Nozomi Networks' solutions to customers. Its growth in data center cooling solutions has prompted a 'Buy' initiation. There have been several fluctuations in holdings of JCI stock by companies like Corient Private Wealth, D.A. Davidson & CO. and Brown Advisory Inc. Interestingly, activist shareholder, Elliott, has taken a substantial stake in JCI—dubbed a 'material narrative changer' by an analyst. JCI Q2 earnings revealed a solid performance with adjusted EPS, but it's stock dipped 5.3% post-earnings. There's also news that JCI could be contemplating a sale of ADT alarm business. Speculation on potential actions by activist Elliott includes a possible CEO change push.
Johnson Controls International Plc JCI News Analytics from Mon, 20 Nov 2023 08:00:00 GMT to Thu, 30 May 2024 07:45:59 GMT -
Rating 4
- Innovation 4
- Information 6
- Rumor 1.5
