Streetbeat News

Earnings

CIEN

Ciena (NYSE:CIEN) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts expecting an EPS of $0.47. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but resulting in a 4.23% share price drop. Shares have risen 26.65% over the last year, indicating positive sentiment among long-term investors.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:01 pm

LII

Lennox Intl (NYSE:LII) received mixed analyst ratings, with an upward trend in 12-month price targets, now averaging $468.83, reflecting a 15.62% increase. Analysts from firms like TD Cowen, RBC Capital, and JP Morgan adjusted their ratings and price targets, indicating varying perspectives on the company's performance. Lennox Intl, a leader in HVAC and refrigeration, shows strong financial indicators such as a 5.58% revenue growth, a net margin of 12.51%, and an ROE of 64.97%, despite a high debt-to-equity ratio of 5.35.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:00 pm

CIFR

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

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:56 pm

INTC

Intel's CFO announced plans to cut an additional $5B to $7B in spending to enhance cash flow, as discussed at the Morgan Stanley Technology, Media, and Telecom Conference.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:54 pm

BKNG

Financial giants have shown a bearish trend on Booking Holdings (NASDAQ:BKNG) with 52% bearish and 47% bullish trades among 36 unusual trades. Major market movers target a price band between $2000.0 and $3900.0. The company, the world's largest online travel agency, operates several brands and relies on transaction fees for revenue. Current trading volume is 95,933 with a price of $3430.25. Analysts have set an average price target of $3933.0, with ratings ranging from Equal-Weight to Buy.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 6:46 pm

APEI

American Public Education's shares surged following the announcement of its Q4 financial results, which exceeded expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:46 pm

APEI

American Public Education Inc (NASDAQ:APEI) shares surged after B.Riley Securities analyst Raj Sharma upgraded the price target from $12 to $15, following Q4/FY23 results that exceeded expectations. The company reported a 4Q revenue of $152.8 million and adjusted EBITDA of $25.7 million, surpassing the Street's view. Enrollment trends varied across its divisions, with APUS and HCN showing positive momentum, while RU faced a decline. Analysts from Barrington Research and Truist Securities also raised their price targets to $15, contributing to a 34.78% increase in APEI shares to $15.32.

Portfolio Pulse from Shivani Kumaresan

March 06, 2024 | 6:39 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) reported fiscal year 2023 results with losses of $2.30 per share and sales of $891.34 million, missing analyst consensus estimates. Despite the initial drop in stock price following the earnings report, PLUG shares have recovered, rising over 18% since Monday. Analysts from Evercore ISI Group, Canaccord Genuity, and Craig-Hallum have updated their coverage on PLUG, adjusting their price targets.

Portfolio Pulse from Erica Kollmann

March 06, 2024 | 6:27 pm

DADA

Dada Nexus Limited (NASDAQ:DADA) announced overstated revenues and associated costs in past financial statements, leading to the resignation of its president, Jeff Huijian He. The company reported overstated net revenues and operations costs for several quarters in 2022 and 2023. Following this, New Street Research downgraded DADA from Buy to Neutral with a $2 price target. Despite these issues, DADA shares are up 28.7% at $2.53.

Portfolio Pulse from Erica Kollmann

March 06, 2024 | 6:23 pm

CRWD

CSCO

MSFT

CrowdStrike Holdings Inc (NASDAQ:CRWD) exceeded Q4 estimates with a 33% YoY revenue increase to $845 million and reported a net income of $54 million. The company provided a strong outlook for the next quarter and fiscal year, with revenue expected between $902 million and $906 million. CrowdStrike's acquisition of Flow aims to expand its cloud security reach. Competitors like Microsoft and Cisco are also enhancing their cybersecurity capabilities, with Cisco introducing an AI security assistant.

Portfolio Pulse from Upwallstreet

March 06, 2024 | 6:20 pm