Streetbeat News

Earnings

GWRE

Guidewire Software (NYSE: GWRE) reported better-than-expected Q3 earnings and raised FY24 revenue guidance. Analysts have increased their price targets following the strong results.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 12:52 pm

HPE

Hewlett Packard Enterprise (HPE) reported strong Q2 results, beating both revenue and earnings estimates. The company also provided optimistic guidance for Q3 and the full year. Analysts from B of A Securities and Wells Fargo raised their price targets for HPE following the results.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 12:45 pm

FDIS

NKE

VCR

Nike Inc. (NYSE:NKE) has implemented layoffs at its European headquarters as part of a multiyear cost-cutting strategy aimed at saving $2 billion globally. The layoffs are part of a broader workforce reduction that includes cuts at its main office in Beaverton, Oregon, and its Converse subsidiary in Boston. Despite these measures, Nike reported strong third-quarter revenue and earnings, beating consensus estimates.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 12:45 pm

ASNS

HPE

MITQ

Market-Moving News for June 5th highlights significant stock movements for Hewlett Packard Enterprise (HPE), Actelis Networks (ASNS), and Moving iMage Technologies (MITQ). HPE shares rose 18% following strong Q1 financial results. ASNS shares surged 1267% after receiving new orders from the U.S. military. MITQ shares increased 125% after securing a multi-million dollar contract.

Portfolio Pulse from ryanfaloona@benzinga.com

June 05, 2024 | 12:28 pm

HIBB

JDSPY

Hibbett, Inc. (NASDAQ:HIBB) reported Q1 fiscal 2025 earnings per share of $2.67, missing the street view of $2.70. Quarterly revenues were $447.16 million, below the analyst consensus of $453.91 million. Comparable sales decreased 5.8% year over year. The company has withdrawn its guidance due to a pending acquisition by JD Sports Fashion PLC (OTC:JDSPY).

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 12:24 pm

BOOT

CHWY

SFIX

TJX

Four consumer discretionary stocks, Stitch Fix (SFIX), TJX Companies (TJX), Boot Barn Holdings (BOOT), and Chewy (CHWY), are currently overbought according to their RSI values. Despite recent positive financial results, these stocks may face short-term price corrections.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 12:20 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) reported better-than-expected Q1 fiscal 2025 results, with revenue and earnings surpassing estimates. The company raised its guidance for fiscal-year 2025. Analysts revised their price targets, with BTIG lowering and Rosenblatt increasing their targets, while Needham maintained its target.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 12:19 pm

BYRN

Byrna Technologies shares are trading higher after the company announced preliminary Q2 revenues over $20 million.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:13 pm

BYRN

Byrna Technologies reports preliminary Q2 2024 revenue of $20.3M, significantly surpassing the $17.74M estimate and marking a 76% increase from the previous year. The growth is attributed to successful new marketing strategies, including a celebrity endorsement campaign.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:09 pm

WDH

Waterdrop shares are trading higher after the company reported a year-over-year increase in Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:09 pm