Streetbeat News

Earnings

EDBL

Edible Garden reported preliminary first-quarter FY24 results, showcasing a significant increase in revenues. Produce revenues grew by 40% year-over-year, while cut herb revenues saw an impressive surge of over 200% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:03 pm

HLIT

Four analysts have recently reviewed Harmonic (NASDAQ:HLIT), maintaining a bullish outlook with an average 12-month price target of $17.5, a decrease from the previous $18.50. The reviews reflect adjustments in price targets due to changing market conditions and company performance, with Harmonic showing strong financial indicators such as a net margin of 50.18% and an ROE of 21.56%. The company's market capitalization is below industry averages, but it has shown notable revenue growth and effective debt management.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 12:00 pm

CRWD

EA

ENPH

W

Insiders at Enphase Energy, Wayfair, CrowdStrike Holdings, and Electronic Arts have recently sold shares. These sales could indicate various strategic decisions or perspectives on the company's valuation. Each company is approaching significant events, such as earnings releases and expanded partnerships, which could influence their stock performance.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 11:59 am

ESS

HST

STAG

Wall Street's most accurate analysts have provided updates on three real estate stocks with over 4% dividend yields: STAG Industrial, Host Hotels & Resorts, and Essex Property Trust. These updates include changes in ratings and price targets, reflecting the analysts' views on the stocks' future performance. The companies are expected to release their first quarter 2024 financial results soon, which could influence their stock prices.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 11:59 am

NTIC

SCCO

Two materials sector stocks, Southern Copper Corporation (NYSE:SCCO) and Northern Technologies International Corporation (NASDAQ:NTIC), are considered overbought based on their RSI values, indicating potential short-term performance issues. SCCO was upgraded by Jefferies with a price target increase, while NTIC reported strong Q2 results, driving their stocks up recently.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 11:52 am

NBY

NovaBay Pharmaceuticals shares are trading higher following the announcement of a year-over-year increase in preliminary Q1 net revenue results.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:50 am

OTRK

Ontrak shares are trading lower following the announcement of worse-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:48 am

TRV

The Travelers Companies' shares have declined after the company reported its first-quarter earnings. The report suggests that the earnings did not meet market expectations, leading to a decrease in stock price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:42 am

INVO

INVO BioScience shares surged following the announcement of a year-over-year increase in Q4 revenue results. The company also reaffirmed its target of achieving break-even or profitability within its current operations by 2024.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:40 am

LVMHF

LVMUY

LVMH-Moet Hennessy Louis Vuitton reported a 2% decline in Q1 FY24 revenue to €20.7 billion, with organic revenue growth at 3%. The Wines & Spirits segment saw a 16% revenue decline, while Fashion & Leather Goods grew by 2% organically. Perfumes & Cosmetics and Selective Retailing recorded 7% and 11% organic growth, respectively. Strong growth was noted in North America, Europe, the Middle East, and Japan, particularly from Chinese spending in Europe and Japan. LVMHF shares closed up 1.58% at $855.05.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 11:40 am