Streetbeat News

Earnings

PANW

Analysts have mixed views on Palo Alto Networks (NASDAQ:PANW), with recent ratings ranging from bullish to indifferent. The average 12-month price target is $352.03, up from $345.56, with high and low estimates of $450.00 and $265.00, respectively. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Palo Alto Networks, a cybersecurity vendor, has shown strong financial performance with a revenue growth rate of 19.33%, a net margin of 88.45%, an ROE of 53.52%, and an ROA of 10.56%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 3:00 pm

BAK

Braskem shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 2:47 pm

VKTX

Viking Therapeutics (NASDAQ:VKTX) has seen significant options trading activity, with a bullish sentiment prevailing among financial giants. Analysis of 18 unusual trades revealed 61% bullish and 38% bearish tendencies, with a notable interest in calls over puts. The trading range for VKTX is predicted between $5.0 and $90.0. Recent analyst ratings have varied, with an average target price of $95.0, though one analyst from Stifel downgraded the stock to Buy with a target price of $80. VKTX's current trading volume is 716,356, with a slight price decrease of -0.79%, now at $62.85. The stock's RSI indicates a neutral position, and its earnings release is anticipated in 36 days.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 2:46 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) is anticipated to report a narrower Q4 loss of 2 cents per share compared to last year's 19 cents, with revenue expected at $24.16 million, up from $9.57 million. The company's preliminary FY23 revenue is projected at $69 million. Shares fell 2.8% to $1.73. Analysts from Cantor Fitzgerald, Stifel, Compass Point, and B. Riley Securities have provided ratings and price targets, with the most recent being an Overweight rating and a target of $4 from Cantor Fitzgerald.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 2:41 pm

NCMI

National CineMedia, Inc. (NASDAQ:NCMI) reported Q4 results surpassing expectations with $90.9 million in revenue and EPS of 24 cents, against consensus estimates of $81.1 million and 9 cents, respectively. The company anticipates Q1 2024 revenue between $34.5 million and $35.5 million, above the consensus of $32.47 million. A new $100 million share repurchase program was announced. Following the earnings beat, B. Riley Securities and Wedbush adjusted their price targets for NCMI to $6.75 (from $4.5) and $5.5 (from $4.5), respectively, with B. Riley upgrading the stock to Buy.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 2:41 pm

ALPN

Alpine Immune Sciences, Inc. (NASDAQ:ALPN) exceeded Q4 earnings expectations with a GAAP EPS of 15 cents against an expected loss of 29 cents and sales of $30.853 million versus the anticipated $9.104 million. The company highlighted significant progress in developing povetacicept for IgAN and other diseases, contributing to a 14.6% stock increase to $40.63. Analysts from HC Wainwright & Co., Oppenheimer, and Morgan Stanley subsequently raised their price targets for ALPN.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 2:35 pm

CNM

Core & Main's shares surged following the announcement of Q4 revenue results that exceeded expectations and the issuance of FY24 net sales guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 2:32 pm

CVNA

Carvana (NYSE:CVNA) has seen significant options trading activity, with a mix of bullish and bearish sentiments among investors. Analysis of 13 trades shows a nearly even split between bullish (46%) and bearish (53%) expectations. The trades include 7 puts and 6 calls, with a notable price target range from $69.0 to $125.0. The largest trades indicate a diverse sentiment, with both neutral and bearish positions on calls and puts. Carvana, an e-commerce platform for buying and selling used cars, is currently trading at $78.5, down 2.83%, with an RSI suggesting it may be approaching overbought territory. The company's earnings release is anticipated in 44 days.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 2:31 pm

AFRM

Affirm Holdings (NASDAQ:AFRM) has seen significant options trading activity, indicating a bearish sentiment among big-money investors. Benzinga's options scanner revealed 13 unusual trades, with a split sentiment of 38% bullish and 61% bearish. The trades include 10 puts totaling $2,533,225 and 3 calls totaling $90,556, targeting a price range of $25.0 to $50.0 for AFRM. The company, which offers digital commerce solutions, is currently trading at $33.02, down 3.48%, with an RSI indicating it may be approaching oversold territory. An earnings announcement is expected in 49 days.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 2:31 pm

YY

JOYY Inc. shares dropped following its Q4 financial results announcement, which included Q1 net revenue guidance falling short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 2:29 pm