Streetbeat News

Earnings

CGC

Canopy Growth Corporation (NASDAQ:CGC) announced that CEO David Klein will retire at the end of the fiscal year on March 31, 2025. Klein, who has led the company since January 2020, will remain in his role until a successor is named. The Board of Directors has begun a search for a new CEO. Under Klein's leadership, Canopy Growth transitioned to an asset-light model and expanded its international presence. The company recently reported a 67% increase in gross profit year-over-year.

Portfolio Pulse from Nicolás Jose Rodriguez

August 16, 2024 | 3:44 pm

ASTS

CING

PLTR

SNAP

WDAY

Benzinga's 'Stock Whisper' Index highlights five under-the-radar stocks: AST SpaceMobile, Cingulate Inc, Palantir Technologies, Workday Inc, and Snap Inc. AST SpaceMobile is set to launch five satellites, Cingulate received a European patent for its ADHD treatment, Palantir reported strong Q2 results and partnerships, Workday is set to report Q2 results, and Snap saw interest despite negative news.

Portfolio Pulse from Chris Katje

August 16, 2024 | 3:40 pm

BABA

Alibaba's stock gained after multiple analysts raised their price forecasts following the company's mixed fiscal first-quarter earnings. Revenue growth was 4% year-on-year to $33.47 billion, missing estimates, but adjusted earnings per ADS of $2.26 topped expectations. Analysts from Citigroup, JP Morgan, Bernstein, Baird, Truist Financial, and Benchmark provided various ratings and price targets, reflecting optimism about Alibaba's market share stabilization and growth potential in cloud and digital commerce segments.

Portfolio Pulse from Anusuya Lahiri

August 16, 2024 | 3:40 pm

LITE

Lumentum Holdings (NASDAQ:LITE) has received mixed ratings from 12 analysts over the past three months, with a recent average price target of $58.58. Analysts have raised their price targets, reflecting a positive outlook despite the company's recent financial challenges, including a 15.88% decline in revenue and negative profitability metrics.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 3:01 pm

META

The article provides a comprehensive comparison of Meta Platforms (NASDAQ:META) with its competitors in the Interactive Media & Services industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth are analyzed. Meta Platforms shows strong financial performance with a low P/E ratio, high ROE, significant EBITDA, and robust revenue growth, indicating potential undervaluation and strong market sentiment.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 3:00 pm

AMZN

The article provides a comprehensive analysis of Amazon.com (NASDAQ:AMZN) in comparison to its major competitors within the Broadline Retail industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth are evaluated to offer insights into Amazon's market position and growth potential.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 3:00 pm

NVDA

The article provides a comprehensive industry comparison of NVIDIA (NASDAQ:NVDA) against its major competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth are analyzed, highlighting NVIDIA's premium valuation, strong profitability, and robust revenue growth.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 3:00 pm

CLRO

ClearOne shares are trading higher following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:56 pm

CXXIF

C21 Investments Inc. reported a net loss and a slight revenue increase for Q1 2024, with Nevada sales declining by 1%. The company faced inflationary pressures and internal inventory issues but expects improved margins in the second half of the year. The launch of a new dispensary and a recent acquisition are expected to drive future growth.

Portfolio Pulse from Nina Zdinjak

August 16, 2024 | 2:51 pm

PCLOF

PharmaCielo Ltd. (OTC:PCLOF) reported a 390% YoY revenue increase to CA$783,680 in Q2 2024, driven by cannabis derivative sales. Net loss narrowed to CA$2.6 million from CA$3.6 million in Q2 2023. The company issued 5.98 million shares for debt settlement and reduced operating expenses. Despite positive financial trends, PCLOF shares were down 4.78% to $0.0857.

Portfolio Pulse from Patricio Liddle

August 16, 2024 | 2:47 pm