Streetbeat News

Earnings

MSFT

OKTA

Okta Inc (NASDAQ:OKTA) shares surged after reporting strong Q4 results, with several analysts raising their price targets. The company's performance was highlighted by robust growth and minimal impact from a recent security breach. Analysts remain optimistic about Okta's positioning in the identity management market despite increasing competition, particularly from Microsoft Corp (NASDAQ:MSFT).

Portfolio Pulse from Priya Nigam

February 29, 2024 | 5:45 pm

GSK

HLN

Haleon Plc (NYSE:HLN) reported a 4.1% Y/Y increase in FY 2023 revenues to £11.3 billion, missing consensus estimates. Organic revenue grew by 8.0%, with adjusted operating profit up 10.4% in constant currency. The company announced a £500 million share buyback for 2024 and expects organic revenue growth of 4%-6% for the year. Disposals of Lamisil and ChapStick are expected to dilute FY 2024 revenue and profit by 1% and 3%, respectively. HLN shares rose 5.71% to $8.52.

Portfolio Pulse from Vandana Singh

February 29, 2024 | 5:45 pm

MBI

MRAI

ROOT

SLQT

Insurance stocks experienced notable movements in Thursday's intraday session. Gainers included Root, SelectQuote, Conifer Holdings, Lemonade, Fanhua, and Maiden Holdings, with increases ranging from 3.77% to 16.33%. Losers were Marpai, MBIA, Huize Holding, Assured Guaranty, Ambac Financial Group, and Intl General Insurance, with declines between 2.64% and 5.41%. Notably, Lemonade, MBIA, Assured Guaranty, and Ambac Financial Group recently released their Q4 earnings.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:40 pm

BEDU

DUOL

FIGS

The article reports on the intraday movement of 12 consumer discretionary stocks, highlighting significant gainers and losers. Notable gainers include Bright Scholar Education, Volcon, Aterian, Latham Group, Duolingo, and Landsea Homes, with Duolingo and Landsea Homes releasing their Q4 earnings. Major losers were J-Long Group, NWTN, WW International, FIGS, Interactive Strength, and Vacasa, with several also reporting their Q4 earnings.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:32 pm

CSTL

ENVB

IRWD

RVNC

SCTL

In Thursday's intraday session, several healthcare stocks experienced significant movements. Societal CDMO and Enveric Biosciences saw substantial gains, while Kineta and Ironwood Pharmaceuticals faced notable declines. Revance Therapeutics and Castle Biosciences reported their Q4 earnings, influencing their stock performance.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:32 pm

SIDU

XMTR

In Thursday's intraday session, several industrials stocks experienced significant movements. Sidus Space, Agrify, Sterling Check, Aris Water Solutions, Tutor Perini, and Montrose Environmental Group were among the gainers, with notable increases in their share prices following their Q4 earnings releases. Conversely, Xometry, Nauticus Robotics, Nocera, Sarcos Technology, Shoals Technologies Group, and Orion Group Holdings were among the losers, with substantial declines in their share prices, also influenced by their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:32 pm

CXAI

LPSN

SNOW

VERX

In Thursday's intraday session, several information technology stocks experienced significant movements. CXApp, Vertex, Inseego, GSI Technology, C3.ai, and Pure Storage were among the gainers, with notable increases in their stock prices following recent earnings reports. Conversely, LivePerson, Endava, CommScope Holding Co, Presto Automation, Snowflake, and MagnaChip Semiconductor were among the losers, with substantial decreases after their earnings announcements.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:31 pm

FLNT

Fluent reported its Q4 adjusted EPS at $0.00, surpassing the estimated $(0.04), but its sales of $72.80M fell short of the $74.09M estimate.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:27 pm

BBY

DAVA

ENVB

LPSN

SCTL

VERX

U.S. stocks traded mixed with the Nasdaq Composite up by 100 points. Best Buy reported better-than-expected Q4 earnings, beating estimates with an EPS of $2.72 and sales of $14.646 billion. The company also increased its quarterly dividend by 2% and provided FY25 guidance. Societal CDMO, Enveric Biosciences, and Vertex saw significant stock price increases, while LivePerson, Endava, and Kineta experienced notable declines. Oil and gold prices rose, and economic indicators showed mixed results globally.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 5:24 pm

PSTG

Pure Storage, Inc. (NYSE:PSTG) shares rose after reporting Q4 results surpassing expectations and providing optimistic Q1 revenue guidance. The company announced adjusted earnings of 50 cents per share and sales of $789.8 million, both exceeding consensus estimates. Subscription services revenue increased by 24% year-over-year, and the operating margin was 20%. For Q1, Pure Storage anticipates revenue of $680 million, above the expected $667.299 million. Additionally, the company expanded its share repurchase program by $250 million. Analysts from JP Morgan, Barclays, UBS, and B of A Securities raised their price targets on PSTG following these results.

Portfolio Pulse from Erica Kollmann

February 29, 2024 | 5:19 pm