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Vertex Inc - VERX STOCK NEWS

Welcome to our dedicated news page for Vertex (Ticker: VERX), a resource for investors and traders seeking the latest updates and insights on Vertex.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Vertex's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Vertex's position in the market.

News
Vertex Selected to Join Oracle ISV Accelerator for SaaS Initiative
Rhea-AI Summary
Vertex, Inc. (NASDAQ:VERX) has been selected to join the Oracle ISV Accelerator for SaaS Initiative, enhancing customer operations and outcomes by integrating tax solutions into Oracle Fusion Cloud Applications. The partnership aims to optimize finance and sales processes, leveraging the power of contract and tax data.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.47%
Tags
none
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News
Vertex, Inc. Announces Pricing of Upsized $300 Million Convertible Senior Notes Offering
Rhea-AI Summary
Vertex, Inc. announced the pricing of an upsized $300 million convertible senior notes offering, with an initial conversion price of approximately $36.32 per share. The notes will mature on May 1, 2029, and bear interest at a rate of 0.750% per year. Vertex estimates net proceeds of around $290 million, intending to use the funds for capped call transactions and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.47%
Tags
none
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News
Vertex, Inc. Announces Proposed Private Offering of $250 Million of Convertible Senior Notes
Rhea-AI Summary
Vertex, Inc. plans to offer $250 million in convertible senior notes due 2029 to qualified institutional buyers. The notes will mature on May 1, 2029, with certain conditions for conversion. Vertex intends to use the proceeds for capped call transactions and general corporate purposes. The offering is not registered under the Securities Act.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.99%
Tags
offering
News
Vertex Provides Preliminary Financial Results for First Quarter 2024 and Announces First Quarter Earnings Call Date
Rhea-AI Summary
Vertex Inc. (NASDAQ: VERX) announces strong preliminary financial results for the first quarter of 2024, with expected revenue growth of 17-19% compared to the same period last year. Net income is projected to turn positive, and Adjusted EBITDA is set to increase by 76-86%. The company will release full financial results on May 8, 2024, with a conference call scheduled for the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.99%
Tags
earnings
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News
Vertex Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Vertex, Inc. (VERX) reports strong financial results for Q4 and full-year 2023 with revenue growth of 18.1% and 16.4% respectively. The company's cash flow and operating activities show positive trends. Future outlook predicts continued revenue growth and earnings leverage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
32.2%
Tags
earnings
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News
Vertex Global Survey Reveals the Regions Championing and Struggling with Indirect Tax Compliance, With the U.S. Taking the Lead
Rhea-AI Summary
Vertex, Inc. (NASDAQ:VERX) research reveals 43% of U.S. firms excel in tech-driven indirect tax compliance, with stark regional differences. U.S. leads as 'champions', while UK and Ireland lag as 'crawlers'. Tax technology adoption key for success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.48%
Tags
none
News
Vertex's Bradd Wildstein Recognized as a 2024 CRN® Channel Chief
Rhea-AI Summary
Vertex, Inc. (NASDAQ: VERX) announced that Bradd Wildstein, Vice President of Global Indirect Sales, has been named to the 2024 CRN Channel Chiefs list. Wildstein and his team developed a partner enablement organization and formalized the Vertex Global Partner Program. They also introduced a Partner Track and Partner Award ceremony at Vertex Exchange in 2023. This recognition highlights the efforts of IT vendors and distribution executives who drive strategy and set the channel agenda for their companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
none
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News
CORRECTION -- Vertex, Inc.
Rhea-AI Summary
Vertex, Inc. (NASDAQ:VERX) to announce fourth quarter 2023 financial results on February 29, 2024. The leading global technology provider of indirect tax solutions will hold a conference call to discuss the results, with a webcast and replay available through the Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
Tags
none
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News
Vertex to Announce Fourth Quarter 2023 Financial Results on Thursday, February 29, 2023
Rhea-AI Summary
Vertex, Inc. (NASDAQ:VERX) will release its fourth quarter 2023 financial results on February 29, 2023, followed by a conference call to discuss the results. The company invites participants to join the call or listen to the webcast through its Investor Relations website. A conference call replay will also be available for a limited time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
Tags
earnings
News
Vertex 2023 Sales Tax Rates and Rules Report: U.S. Rate Changes Reach 10-Year High
Rhea-AI Summary
Vertex, Inc. (NASDAQ:VERX) released its annual 2023 End-of-Year Sales Tax Rates and Rules report, revealing a 10-year high in U.S. sales tax rate changes. The report found that businesses faced 444 sales tax rate changes in 2023, marking a 17% rise from the previous year. The total number of rate changes combined with new sales taxes amounted to 676, the second-highest in a decade. The report also highlighted the challenges faced by tax professionals in anticipating and staying ahead of these changes, with implications for the future of the indirect tax landscape. The record number of U.S. sales tax rate changes in 2023 caps a decade-long trend, driven by factors such as unsustainable state fiscal conditions, the expansion of sales tax on services, and global trends in e-invoicing requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.13%
Tags
none
Stock VERX logo
Vertex Inc

Nasdaq:VERX

VERX Rankings

#1250 Ranked by Market Cap
#731 Ranked by Stock Gains
N/A Ranked by Dividends

VERX Stock Data

4.84B
55.95M
21.84%
90.87%
0.84%
Software Publishers
Information
Link
US
King Of Prussia

About VERX

tax is a complex and time-consuming challenge for companies around the world. constantly changing accounting and regulatory requirements, greater scrutiny from audit committees, and a shrinking pool of talent are all putting more pressure on the corporate tax function than ever before. the trusted leader in tax technology excellence we're vertex. since 1978, over 10,000 corporate customers have relied on us for innovative tax processing solutions. spend some time learning more about our rich history. combining advanced technology, sophisticated software, and an exceptional team of experienced tax experts, we help our customers unlock huge process and productivity gains, limit risk, and make tax a more integral, strategic contributor to business success. over the past 15 years vertex established a reputation for excellence in partnering and is considered a premier partner with sap, oracle, and other leading software providers. also, vertex works closely with the big 4 and other t