Streetbeat News

Earnings

SPOK

Spok Holdings, Inc. (SPOK) shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:51 pm

NVDA

Nvidia Corporation (NASDAQ:NVDA) surpassed analysts' revenue and EPS estimates for Q4, driven by strong demand for AI and data center products. Analysts from Goldman Sachs, Oppenheimer, Wedbush, Needham, KeyBanc, JPMorgan, and Bank of America have raised their price targets, citing new product launches, improved supply, and significant opportunities in generative AI and sovereign AI builds. Concerns include supply constraints and competition, but overall sentiment is bullish, with expectations of continued growth, especially in data center and AI applications.

Portfolio Pulse from Chris Katje

February 22, 2024 | 4:50 pm

CCSI

Consensus Cloud Solutions shares dropped following disappointing Q4 financial results and lower-than-expected revenue guidance for Q1 and FY24.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:47 pm

AMBP

Ardagh Metal Packaging's shares dropped following the announcement of Q4 adjusted EPS results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:47 pm

QTWO

Q2 Holdings' shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, Needham reaffirmed a Buy rating on QTWO and increased the price target from $50 to $58.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:46 pm

FVRR

Fiverr's stock price declined following the announcement of mixed Q4 financial results and the provision of Q1 and FY24 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:45 pm

ABNB

Financial analysis reveals a bullish trend in Airbnb (NASDAQ:ABNB) options trading, with 77% of traders showing bullish sentiment. Significant investors target a price range of $120.0 to $200.0 for Airbnb in the next three months. The trading volume of ABNB is up by 1.16%, with a current price of $150.97. Analysts have mixed ratings on ABNB, with an average target price of $147.6. The next earnings report is expected in 75 days.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 4:45 pm

DRVN

Driven Brands shares are trading lower following the announcement of Q4 revenue results that fell short of expectations and the issuance of FY24 guidance that was below estimates.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:38 pm

FG

F&G Annuities & Life's shares traded lower following the announcement of Q4 earnings per share (EPS) results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:37 pm

NVDA

QQQ

SMH

SPY

Market indexes experienced a rise, driven by NVIDIA's surge following its strong earnings report and positive guidance. This uplift in NVIDIA's stock also positively impacted other semiconductor and AI stocks, leading to a broader market rally.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:35 pm