Streetbeat News

Earnings

ZS

Zscaler reported better-than-expected Q3 financial results, leading to multiple firms raising their price targets for the company. As a result, Zscaler shares are trading higher.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 3:17 pm

NKE

UA

UAA

Athletic apparel stocks are trading higher following Lululemon's better-than-expected Q1 results.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 3:11 pm

CC

IHRT

IOT

MDB

UCAR

U.S. stocks traded higher on Friday, with the Dow Jones gaining over 400 points. Several companies recorded significant gains, including U Power Limited, Samsara Inc., MongoDB, The Chemours Company, and iHeartMedia, among others.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 3:03 pm

S

SentinelOne shares plummeted after reporting disastrous Q1 results, with a revenue miss and reduced annual recurring revenue (ARR) guidance. Analysts from Raymond James and Needham maintained Buy ratings but reduced price targets.

Portfolio Pulse from Priya Nigam

June 02, 2023 | 3:03 pm

MDB

MongoDB Inc (NASDAQ:MDB) shares climbed after a strong earnings report, leading to major forecast revisions by four analysts. The company's Q1 results were better than expected, with growth from Atlas and EA, strong customer additions, and new workload trends.

Portfolio Pulse from Priya Nigam

June 02, 2023 | 2:54 pm

BARK

BARK reported Q4 sales of $126.02 million with a loss of $14.20 million, and a return on capital employed (ROCE) of -0.08%. The negative ROCE suggests that management may not be effectively allocating their capital.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:49 pm

REED

Reed's reported Q1 sales of $11.16 million and a loss of $4.36 million, despite a 35.63% increase in earnings. The company posted a return on capital employed (ROCE) of 0.35%, indicating effective capital allocation. However, Q1 earnings per share of $-1.7 did not meet analyst predictions of $-1.02.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:48 pm

LE

Lands' End reported Q1 sales of $309.56 million and a loss of $1.65 million, despite a 49.91% increase in earnings. The company posted a negative Return on Capital Employed (ROCE) of -0.0%, suggesting inefficient capital allocation.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:48 pm

ASAN

Asana reported Q1 sales of $152.41 million, up 35.31% with a loss of $61.47 million. The company posted a negative Return On Capital Employed (ROCE) of -0.18%, suggesting inefficient capital allocation. Asana's Q1 earnings per share beat analyst predictions.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:48 pm

S

SentinelOne (NYSE:S) reported Q1 sales of $133.39 million, but earnings decreased 14.08% resulting in a loss of $106.87 million. The company posted a negative ROCE of -0.07%, suggesting inefficient capital allocation. Q1 earnings per share were $-0.15, beating analyst predictions of $-0.17.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:47 pm