Baron Discovery Fund Q4 2025: Winners, Laggards, Buys & Sells

In the fourth quarter of 2025, the Baron Discovery Fund returned 0.19% (Institutional Shares), trailing the Russell 2000 Growth Index by 1.03%. In these periods, low quality (high debt and poor profitability) and short-term price momentum-oriented stocks outperformed. Exact Sciences Corporation received a buyout offer in the fourth quarter by Abbott Laboratories (ABT) for a price of $105 in cash.

Seeking Alpha • Feb 15, 2026

Mercury Systems, Inc. (MRCY) Q2 2026 Earnings Call Transcript

Mercury Systems, Inc. (MRCY) Q2 2026 Earnings Call Transcript

Seeking Alpha • Feb 4, 2026

Mercury Systems Q2 Earnings Beat Estimates, Revenues Rise Y/Y

MRCY delivers an earnings surprise as bookings climb, backlog hits a record $1.5B, and EBITDA expands year over year.

Zacks Investment Research • Feb 4, 2026

Mercury Systems Tumbles 25% But This Turnaround Is Just Getting Started

Mercury Systems, Inc. delivered a Q2 sales beat via $30M revenue pull-forward, but persistent net losses and margin pressure remain. MRCY's lower gross margins reflect burning off low-margin backlog; margin profile is expected to normalize and improve by 2028. Management's reluctance to raise guidance despite consistent pull-forwards has disappointed investors, contributing to recent share price weakness.

Seeking Alpha • Feb 4, 2026

Mercury Systems Reports Second Quarter Fiscal 2026 Results

ANDOVER, Mass., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the second quarter of fiscal year 2026, ended December 26, 2025.

GlobeNewsWire • Feb 3, 2026

Mercury Systems (MRCY) Surpasses Q2 Earnings and Revenue Estimates

Mercury Systems (MRCY) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.07 per share a year ago.

Zacks Investment Research • Feb 3, 2026

Compared to Estimates, Mercury Systems (MRCY) Q2 Earnings: A Look at Key Metrics

Although the revenue and EPS for Mercury Systems (MRCY) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research • Feb 4, 2026

Best defense stocks to buy in 2026

Recent years have seen the U.S. continue on its path of increasing the nation's already staggering defense budget, and the E.U. conclude it needs to remilitarize with a program worth nearly $1 trillion.

Finbold • Jan 16, 2026

Halper Sadeh LLC Encourages Mercury Systems, Inc. Shareholders to Contact the Firm to Discuss Their Rights

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Mercury Systems, Inc. (NASDAQ: MRCY) breached their fiduciary duties to shareholders. If you currently own Mercury stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your.

Business Wire • Jan 15, 2026

Mercury Awarded Contracts for U.S. Space and Strategic Weapons Programs

ANDOVER, Mass., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a global technology company that delivers mission-critical processing to the edge, today announced contract awards totaling more than $60 million for work associated with two critical U.S. space and strategic weapons programs.

GlobeNewsWire • Jan 15, 2026