By Equity Research in Pagaya — Oct 24, 2025 Notes: Pagaya, A Fintech We Want to Believe In — and Finally Might Be Able To Investigating red flags and evaluating the investment opportunity in Pagaya
Fortinet Updates: Fortinet - The Convergence of Network, Security, and the Physical World Summary * Fortinet’s single-OS, ASIC-accelerated architecture gives it a durable structural edge
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Lumentum Holdings Lumentum Holdings: The Optical Engine Behind the AI Data-Center Revolution Summary * Record 1Q26: $533.8m revenue (+58% YoY) with next-quarter guide $630–
Upstart Upstart - Pioneering AI Credit Underwriting (Pt.2) Summary * Upstart’s model improvements post-Model 18 have unlocked broader bank approvals