Streetbeat News

Earnings

ESTC

Elastic NV (NYSE:ESTC) reported Q3 FY24 earnings with a 19% Y/Y revenue increase to $328.0 million, surpassing consensus estimates. Elastic Cloud revenue grew by 29% Y/Y. The company also raised its FY24 revenue and adjusted EPS outlook. Despite these positive results, ESTC shares are down 12.5% in premarket trading.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 12:37 pm

FUBO

FuboTV has provided a Q1 revenue outlook ranging between $371.6M and $383.6M, which falls below the estimated $397.7M.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:37 pm

HPE

Hewlett Packard Enterprise (HPE) shares dropped following disappointing Q1 revenue results and lower-than-expected Q2 and FY24 EPS guidance. Additionally, several firms have reduced their price targets for HPE.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:36 pm

FUBO

FuboTV (NYSE:FUBO) reported Q4 adjusted EPS of $(0.17), surpassing the $(0.31) estimate, and sales of $410.18M, exceeding the $397.66M estimate. This represents a significant improvement over the previous year, with a 56.41% decrease in losses per share and a 28.46% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:33 pm

FUBO

FuboTV reported a 12% year-over-year increase in Q4 paid subscribers, reaching 1.618 million, and a 15% increase in average revenue per user (ARPU) to $86.65.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:32 pm

FUBO

FuboTV reported Q4 sales of $410.18 million, surpassing the analyst consensus estimate of $397.66 million by 3.15% and marking a 28.46% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:31 pm

ZS

Zscaler's stock price declined following the announcement of its Q2 financial results. Additionally, Bernstein has maintained an Outperform rating on Zscaler but reduced its price target from $311 to $280.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:30 pm

ESTC

Elastic's shares dropped following the announcement of their Q3 financial results. Additionally, Barclays has maintained an Equal-Weight rating on Elastic but reduced its price target from $130 to $128.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:28 pm

NTAP

NetApp's shares surged following the announcement of their Q3 financial results, which exceeded expectations. Additionally, the company's forecast for FY24 adjusted EPS was higher than anticipated. Both Evercore ISI Group and Barclays have increased their price targets for NetApp's stock.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:26 pm

ADSK

Autodesk's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, both Barclays and Piper Sandler increased their price targets for Autodesk's stock.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:23 pm