Streetbeat News

Earnings

CTS

CTS shares surged following the announcement of impressive Q4 financial results, surpassing expectations. The company also provided optimistic guidance for 2024 and revealed plans for a $100 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:23 pm

KE

Kimball Electronics shares are trading lower following the announcement of disappointing Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:20 pm

ULCC

Frontier's stock (ULCC) is trading higher following the announcement of their Q4 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:19 pm

ABBV

AXSM

BMY

UBS initiated coverage on Axsome Therapeutics Inc (AXSM) with a Buy rating and a price target of $111, citing bullish prospects for its depression drug Auvelity and pipeline opportunities. UBS anticipates Auvelity could generate $1 billion in sales by 2030. Positive Phase 3 trial data for Alzheimer's Agitation and Narcolepsy could further boost AXSM's stock. The sector sees increased investor interest after Bristol Myers Squibb (BMY) and AbbVie (ABBV) made significant acquisitions. Axsome's Q4 2023 revenue is preliminarily reported at $71 million, with full-year revenue at $204 million.

Portfolio Pulse from Vandana Singh

February 06, 2024 | 7:19 pm

QS

Deep-pocketed investors have shown a significant interest in QuantumScape (NYSE:QS), with a bullish sentiment prevailing among 60% of them based on recent options activity. The activity includes 10 extraordinary options trades, with a focus on a price target range of $5.0 to $10.0 for QS. The trading volume and open interest in these options have been notably high, indicating a strong investor focus on QuantumScape's performance. The company, known for its development of solid-state lithium-metal batteries for electric vehicles, is currently trading at $6.77 with an upcoming earnings announcement in 8 days.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:16 pm

AVGO

GOOG

GOOGL

META

MSFT

JPMorgan analyst Harlan Sur initiated coverage of Broadcom Inc (NASDAQ:AVGO) with an Overweight rating and a $1,550 price target, highlighting its leadership in AI, cloud datacenter, and semiconductor infrastructure. Broadcom's strategic partnerships with Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:META), and Microsoft Corp (NASDAQ:MSFT) in custom chip (ASIC) opportunities are emphasized. Sur projects FY24 revenue and EPS close to consensus estimates and anticipates significant earnings power by the second half of 2025.

Portfolio Pulse from Anusuya Lahiri

February 06, 2024 | 7:11 pm

CMI

Cummins shares are trading higher following the announcement of mixed Q4 financial results. The company's performance in the last quarter has sparked investor interest, leading to an increase in stock price.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:03 pm

FORM

FormFactor (NASDAQ:FORM) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts estimating an EPS of $0.22. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historically, FormFactor's stock price has shown mixed reactions to past earnings performances, with a notable 12.02% increase in Q4 2022 after beating EPS estimates. Currently, shares are trading at $39.29, marking a 32.46% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:02 pm

BARK

BARK (NYSE:BARK) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $-0.05. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 10.5% drop. Shares are currently trading at $0.8654, down 55.52% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:02 pm

TTGT

TechTarget (NASDAQ:TTGT) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $0.36. The company's past performance shows a mix of earnings beats and misses, with share price reactions varying accordingly. Shares are currently trading at $33.45, down 29.92% over the last year. Investors are likely focused on both the reported earnings and the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:02 pm