Cantaloupe (CTLP) Soars 5.24% on Carnival Partnership, Earnings Outlook

Cantaloupe (CTLP) surged 5.24% in today's trading session, marking its second consecutive day of gains, with a total increase of 8.91% over the past two days.

The strategy of buying CTLP shares after they reach a recent high and holding for 1 week resulted in a 72.14% return over the past five years, significantly outperforming the benchmark return of 44.90%. The strategy's CAGR was 25.96%, with a maximum drawdown of -30.51% and a Sharpe ratio of 0.63, indicating a reasonable risk-adjusted return.

Cantaloupe, Inc. has recently announced a strategic collaboration with Carnival Cruise Line to implement advanced point-of-sale (POS) technology at Celebration Key. This partnership is expected to drive revenue growth and expand market opportunities, potentially influencing the stock price positively.

Analysts from William Blair have forecasted stronger earnings for Cantaloupe, indicating a positive outlook for the company. This forecast has likely contributed to the recent upward trend in the stock price, as investors anticipate improved financial performance.

During the Q3 2025 earnings call, Cantaloupe, Inc. reported significant revenue growth. This positive financial trend is expected to continue, further bolstering investor confidence and potentially driving the stock price higher.