Stock Data
$0.57 (4.26%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - APPLICATION
Vertex Inc, based in King of Prussia, Pennsylvania, specializes in tax technology solutions tailored for a variety of industries including retail, technology, and manufacturing, both in the U.S. and internationally. With a focus on tax determination, compliance, and reporting, the company offers a comprehensive suite of services such as tax data management, document management, and analytics. Vertex sells its products through licenses and subscriptions, and also provides implementation, training, and outsourcing services for transaction tax returns, leveraging its expertise since 1978.
Vertex widened adjusted EBITDA margin to 25.0% from 20.8% a year ago, enough for management to raise full-year EBITDA guidance to $206 million to $210 million. Keep an eye on free cash flow, which fell to $2.7 million as capex jumped.
Software and fintech stocks rallied at Friday's close while a double-digit sell-off hit healthcare and semiconductor names, splitting the market sharply by sector.
Super Micro Computer rocketed 20.88% at the close as data center infrastructure stocks dominated, with Dell gaining 9.67% on the same wave of demand for AI servers and networking gear.
Vertex shares are getting hammered on a sharp intraday reversal that's wiping out early session gains and raising questions about the tax software play's near-term momentum.
AI infrastructure and optical networking stocks charged into the close, with Applied Optoelectronics and Coherent leading a 14.7% and 10.9% surge. AMC Entertainment fell 7.7% as retail favoritism faded.
Meta and Palantir surge past 8% as AI optimism sweeps tech, while FuboTV jumps 13% on sports streaming momentum. SanDisk tanks 10.5% in the late selloff.
VERX hit a new 52-week low at $10.58 (2026-06-22).
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