Aug 13, 2026 · 8 min
Stocks slide as tech forecasts meet drone ambitions
Cerebras, Cisco, and StubHub All Lower
The episode shows how earnings guidance and new technology plans can unsettle markets even when company fundamentals offer encouraging signals.
- 1Soft guidance weighs on Tapestry while Birkenstock reports strong direct-to-consumer sales.
- 2Cisco’s AI data-center forecast becomes a focal point in the latest stock-market reaction.
- 3DoorDash wins FAA approval to operate its delivery drones commercially, advancing an automated logistics strategy.
Don't miss
DoorDash’s FAA approval to operate its own delivery drones commercially marks the clearest move from technology development toward deployment.
The brief
Nathan Hager and Dan Curtis survey a mixed earnings landscape, where Tapestry’s soft guidance and strong Birkenstock direct-to-consumer sales point in opposite directions.
The report also covers Thoma Bravo’s acquisition of Accelerant and Cisco’s forecast for AI data-center sales, linking corporate deals and infrastructure demand to market reactions.
Cerebras, Cisco, and StubHub all move lower despite elements of positive outlook, underscoring how investors can punish uncertainty around expectations.
The closing Bloomberg Tech Minute shifts from public markets to logistics: DoorDash is developing its own delivery drones and has received FAA approval for commercial operation.
The episode’s sharpest contrast is between stocks reacting to near-term guidance and DoorDash building toward a longer-term delivery model with regulatory clearance.
What was said on this episode
12 statements · 8 positive · 1 negative · 3 neutral
Kate Spade sales fell 7%.
“there was a 7% drop in Kate Spade sales”
Listen at 1:47
Coach revenue grew 14% on a constant-currency basis.
“Coach saw revenue grow 14% on a constant currency basis”
Listen at 1:49
Tapestry's Greater China business grew 28% on a currency-adjusted basis.
“Greater China growth 28% when adjusting for currencies”
Listen at 1:55
Birkenstock shares rose 9% in premarket trading.
“Birkenstock up 9% in the premarket”
Listen at 2:13
Birkenstock is raising its full-year EBITDA guidance.
“the company is raising its full year EBITDA guidance”
Listen at 2:16
Thoma Bravo expects to take Accelerant private by the first half of 2027.
“Thoma Bravo expects to take the company private”
Listen at 3:07
Thoma Bravo will acquire Accelerant for $20.25 per share in cash.
“The firm will take the company private at $20.25 per per share in cash”
Listen at 3:25
The Accelerant transaction is expected to close in the first half of 2027.
“The transaction is expected to close in the first half of next year”
Listen at 3:35
Cisco expects $7.5 billion in AI-data-center sales this fiscal year.
“The company is seeing $7.5 billion in sales tied to AI data centers this fiscal year”
Listen at 4:12
Cisco is expected to profit from data-center buildout.
“Cisco is facing high expectations that will profit from data center buildout”
Listen at 4:40
DoorDash is building its own delivery drones.
“Doordash, the largest food delivery company in the US is building its own delivery drones”
Listen at 5:33
DoorDash drones can reduce delivery times for remote-location orders.
“Drones are also a way for DoorDash to cut delivery times on orders from more remote locations”
Listen at 6:08
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
DoorDash
Cisco Systems, Inc.Listen to the full episode and explore every guest, topic, and moment on PodLume.