Month: October 2026

Thursday, October 01, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Transaction moves toward closing. Kodiak Copper has filed the initial TSX Venture Exchange listing application for Kay Copper and executed definitive agreements covering the combination of Kodiak’s Mohave project with Teck’s Copper Hill project in Arizona. The transaction is intended to create a well-funded, U.S.-focused copper explorer with two drill-ready porphyry projects. Completion is expected in October 2026, subject to TSX Venture Exchange (TSXV) acceptance and other customary closing conditions.

Financing is in place. In connection with the transaction, approximately C$5.37 million was raised through a subscription receipt financing at C$0.25 per receipt, in addition to an earlier C$830,000 financing. The proceeds are intended to fund exploration at Mohave and Copper Hill during 2026 and 2027. Following closing, Kodiak and Teck are each expected to own approximately 26.4% of Kay Copper.

Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Thursday, October 01, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

A clearer path forward. At its Investor Day held on September 30 in New York, Conduent outlined ASCEND 2026-28, a three-year framework to transition the company from restructuring and portfolio simplification to consistent, profitable growth. The strategy centers on three priorities: Standardize operations and infrastructure, Specialize in core solutions, and Scale the company’s go-to-market capabilities.

Targets provide visibility through 2028. Management expects revenue of $2.15 billion-$2.25 billion in both 2026 and 2027, increasing to $2.25 billion-$2.35 billion in 2028. Adjusted EBITDA is expected to increase from $140 million-$170 million in 2026 to $170 million-$200 million in 2027 and $210 million-$250 million in 2028, with meaningful margin expansion anticipated.

Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Digi International (Nasdaq: DGII), a global provider of IoT connectivity products and solutions, announced Thursday it has signed a definitive agreement to acquire Disruptive Technologies, a sensing technology company, for $130 million in cash. The deal will be funded through Digi’s existing revolving credit facility, which the company expanded to $350 million in borrowing capacity just last month. The transaction is expected to close before the end of 2026, pending regulatory approval.

Disruptive Technologies brings a notable technical profile to the deal. The company has deployed more than 250,000 proprietary edge sensors globally, each smaller than a postage stamp, with battery life extending up to 15 years, meaningfully longer than most competing sensors on the market. In calendar 2025, the company generated $15 million in revenue with $4 million in annualized recurring revenue. Digi expects the combination to contribute approximately $9 million in additional adjusted EBITDA and free cash flow by fiscal 2028.

The strategic rationale centers on Digi’s SmartSense platform, which is built around a three-part framework the company describes as Sense, Understand, and Act: capturing physical signals from the real world, applying AI and analytics to interpret them, and using generative AI and digital workflows to recommend the next best action. Disruptive Technologies strengthens the foundational Sense layer specifically, and its sensing technology extends SmartSense’s existing reach in food safety and healthcare monitoring into new verticals including building automation and occupancy tracking.

Equally significant is the geographic expansion the deal provides. Disruptive Technologies has established customer relationships and infrastructure across more than 25 countries, giving SmartSense its first meaningful commercial presence in Europe. Digi’s leadership framed the acquisition as establishing a foundational layer for enterprise AI, positioning the combined platform to help multinational customers standardize IoT monitoring across regions on a single system rather than piecing together region-specific vendors. Disruptive Technologies’ own leadership pointed to SmartSense’s market scale and execution as the platform needed to turn its sensing technology into broader commercial value.

The deal arrives on the heels of a strong recent stretch for Digi. The company reported third fiscal quarter 2026 revenue of $139 million, up 29% year over year, with gross margin expanding 130 basis points to 64.8%.

For investors tracking the small cap industrial technology and IoT space, this acquisition is a clean example of a profitable, growing small cap company using its balance sheet strength to acquire differentiated technology and immediate geographic expansion in a single transaction, rather than building European distribution organically over several years. At $130 million against Digi’s own roughly $139 million in quarterly revenue, the deal is sized meaningfully relative to Digi’s business, underscoring real conviction in the physical-world intelligence category as a growth driver for enterprise AI adoption going forward.