Streetbeat News

Credit

ZD

Ziff Davis (NASDAQ:ZD) has been evaluated by 4 analysts over the past three months, with ratings ranging from somewhat bullish to indifferent. The average 12-month price target has decreased from $66.75 to $59.5, with a high of $95 and a low of $44. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance. Ziff Davis has faced a 1.6% revenue decline over the past three months, but maintains strong net margins and ROE. However, it struggles with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 2:00 pm

SPY

Federal Reserve's John Williams stated that future rate cuts will be data-driven, and the effects of quantitative tightening are already reflected in the markets. He emphasized that quantitative tightening is not hindering monetary policy goals, and the primary tool remains the Fed Fund Rate.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 1:48 pm

SPY

The Federal Reserve's John Williams stated that lowering interest rates is aimed at maintaining a balanced job market. He believes the current monetary policy is well-positioned to achieve the Fed's goals.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 1:30 pm

SPY

The Federal Reserve's John Williams indicates readiness to begin rate cuts, moving towards a neutral monetary policy stance based on data. The Fed's policy has been effective in stabilizing prices, with the job market in better balance and not a primary inflation source. Disinflation trends are welcomed, but risks include a weakening job market and slowing global growth.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:47 pm

BBGI

Beasley Broadcast Group's unit, Beasley Mezzanine Holdings, has initiated an exchange offer, a new notes offer, a tender offer, and consent solicitations related to its existing notes. This move is likely aimed at restructuring debt or improving financial terms.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 11:16 am

EWU

The mortgage rate in GBP for August has decreased to 7.83% from a revised prior rate of 8.03%. This change may have implications for financial instruments related to the UK economy.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 9:05 am

VRNS

Varonis Systems has priced an upsized $400 million offering of 1.00% convertible senior notes due 2029. These notes are unsecured senior obligations and will mature on September 15, 2029, with interest payable semiannually starting March 15, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:40 am

GLNG

Golar LNG Limited has successfully priced $300 million in senior unsecured bonds in the Nordic bond market, maturing in September 2029 with a 7.75% interest rate. The proceeds will be used for capital expenditure, debt refinancing, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 8:05 pm

FLUX

Flux Power has identified $1.7 million in excess and obsolete inventory, leading to a restatement of its financial statements for FY23 and interim periods of FY24. This inventory write-down is a non-cash charge and will not affect cash flow. The company may also include additional adjustments during its review. Flux Power's $16 million revolving credit facility with Gibraltar Business Capital remains available, subject to lending criteria.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 8:03 pm

MTW

Manitowoc has announced a $300 million private offering of 9.25% senior secured notes due in 2031. The proceeds will be used to redeem existing 9.00% notes due in 2026 and to increase the company's credit facility.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 8:03 pm