Streetbeat News

Earnings

CRM

Salesforce (NYSE:CRM) is set to report its Q4 earnings on Feb. 28, with Wall Street expecting $2.26 EPS and $9.23 billion in revenues. Technical analysis indicates a strong bullish trend for CRM stock, trading above key moving averages and showing positive momentum. However, the RSI suggests caution due to potential overbought conditions. Analyst consensus rates CRM as a Buy, with a price target suggesting a 4% downside to a 9.7% upside. The stock closed at $300.39 on Feb. 26.

Portfolio Pulse from Surbhi Jain

February 27, 2024 | 2:50 pm

VKTX

Viking Therapeutics Inc (NASDAQ:VKTX) released positive Phase 2 trial results for VK2735, a weight loss drug, showing significant reductions in body weight and a good safety profile. The drug achieved its primary and all secondary endpoints, with up to 88% of patients achieving at least 10% weight loss. The stock surged 98% in premarket trading and was up 56% at $60.02.

Portfolio Pulse from Vandana Singh

February 27, 2024 | 2:48 pm

IRBT

iRobot Corporation (NASDAQ:IRBT) shares fell after reporting Q4 revenues of $307.54 million, slightly missing estimates. The company saw revenue declines across the U.S., Japan, and EMEA, and announced a significant workforce reduction of 350 employees (31% of its workforce) as part of a restructuring plan to align costs with revenue expectations. iRobot expects FY24 revenue to be below estimates and projects a larger adjusted net loss per share than anticipated. Shares dropped 15.7% to $10.22.

Portfolio Pulse from Nabaparna Bhattacharya

February 27, 2024 | 2:48 pm

LOW

During a conference call, a Lowe's executive stated that as the company moves into the second half of the year, they expect comparable sales to improve.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:44 pm

APTV

DDS

EVRI

TOL

WEYS

Benzinga Insights highlights 5 value stocks in the consumer cyclical sector based on low P/E ratios, indicating potential undervaluation. The stocks include Dillard's (DDS), Weyco Group (WEYS), Everi Holdings (EVRI), Aptiv (APTV), and Toll Brothers (TOL), each showing significant financial metrics such as earnings per share and dividend yields, suggesting varied performance and potential investment opportunities.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:43 pm

IFBD

JANX

LOW

NERV

NRXP

TWKS

VKTX

Nasdaq rose by 50 points as Lowe's Companies Inc (LOW) reported better-than-expected Q4 results, with sales of $18.60 billion and EPS of $1.77. Lowe's anticipates FY24 revenue of $84-$85 billion and adjusted EPS of $12.00-$12.30. Janux Therapeutics (JANX), Infobird Co. (IFBD), and Viking Therapeutics (VKTX) saw significant stock increases due to positive clinical data and market volatility. Conversely, Minerva Neurosciences (NERV), Thoughtworks Holding (TWKS), and NRx Pharmaceuticals (NRXP) experienced substantial declines due to regulatory setbacks and disappointing financial results.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 2:42 pm

BOSC

CSIQ

DAKT

TSEM

UMC

Benzinga Insights has identified 5 value stocks in the technology sector based on low P/E multiples, indicating potential undervaluation. The stocks include Canadian Solar (CSIQ), BOS Better Online Solns (BOSC), United Microelectronics (UMC), Daktronics (DAKT), and Tower Semiconductor (TSEM). The report highlights recent earnings per share and changes in dividend yields, suggesting these stocks may require time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:41 pm

EBAY

eBay Inc. (NASDAQ:EBAY) offers a dividend yield of 2.28%, with a quarterly dividend of 25 cents a share. To earn $500 monthly from eBay dividends, an investor needs to own approximately 6,000 shares, valued around $263,280. The article also discusses the impact of stock price changes on dividend yield and anticipates eBay's Q4 earnings report, expecting quarterly earnings of $1.03 per share, down from $1.07 year-ago, with projected revenue of $2.51 billion.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 2:39 pm

NVDA

SOUN

SoundHound AI Inc (NASDAQ:SOUN) shares surged over 46% on Monday, driven by speculation of its involvement in the AI-RAN Alliance, a collaborative initiative for integrating AI into cellular technology, announced at the GSMA Mobile World Congress in Barcelona. The alliance, which includes Nvidia Corp (NASDAQ:NVDA) among others, aims to explore new opportunities for telecom companies through AI. SoundHound, known for its voice AI solutions, is trending on social platforms, with traders anticipating an announcement during its earnings report this week. The company is expected to report a Q4 loss of 6 cents per share with revenue of $17.746 million. SoundHound's stock has also been influenced by Nvidia's recent quarterly results and investments.

Portfolio Pulse from Adam Eckert

February 27, 2024 | 2:37 pm

AULT

Ault Alliance has announced its preliminary financial results for FY23, expecting revenues to reach $153 million.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:32 pm