Streetbeat News

Earnings

ON

The analysis of ON Semiconductor (NASDAQ:ON) compared to its competitors in the Semiconductors & Semiconductor Equipment industry reveals potential undervaluation based on its PE, PB, and PS ratios. Despite a high ROE indicating strong profitability, concerns arise from its low EBITDA, gross profit, and negative revenue growth. The company's lower debt-to-equity ratio suggests a stronger financial position relative to its top 4 peers.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 4:00 pm

AAPL

HPE

SMCI

Super Micro Computer (SMCI) is evaluated against competitors in the Technology Hardware, Storage & Peripherals industry. Despite a high P/E ratio and revenue growth, SMCI shows potential inefficiency in profit generation and operational efficiency. The company's financial metrics, including P/E, P/B, P/S ratios, and ROE, are compared with industry averages and competitors like Apple Inc, Hewlett Packard Enterprise Co, and others. SMCI's lower debt-to-equity ratio suggests a stronger financial position relative to its peers.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 4:00 pm

SMP

Standard Motor Products (SMP) shares dropped following disappointing Q4 financial results and weak guidance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:59 pm

TALK

Talkspace shares surged following the announcement of better-than-expected Q4 financial results, optimistic 2024 sales guidance, and a new $15 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:58 pm

LUNG

Pulmonx shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:56 pm

NICE

NICE Ltd (NASDAQ:NICE) reported Q4 fiscal 2023 revenue of $623.19 million, a 9.6% increase Y/Y, surpassing consensus estimates. Cloud revenue grew 19.5% Y/Y to $428.99 million. Adjusted operating income rose 15% Y/Y to $186.9 million, and adjusted EPS improved to $2.36, beating consensus. The company also highlighted strong cash flow and share repurchases, with a positive outlook for Q1 and 2024, emphasizing AI's role in growth. Shares rose 10.23% to $248.99.

Portfolio Pulse from Akanksha Bakshi

February 22, 2024 | 3:50 pm

BRDG

Bridge Investment's shares are trading lower following the announcement of mixed financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:48 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares dropped significantly in premarket trading after reporting lower-than-expected Q4 earnings. Despite exceeding 2023 production targets, analyst Chris Pierce from Needham has revised his forecast for Rivian due to uncertainties around 2024 R1 production and demand concerns. Pierce maintained a Buy rating but lowered the price target from $22 to $18, citing increased demand concerns and the complexity of the R1 line shutdown and re-ramp as overhangs.

Portfolio Pulse from Priya Nigam

February 22, 2024 | 3:47 pm

BELFA

BELFB

Bel Fuse shares are trading lower following the announcement of Q4 financial results that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:46 pm

AMLX

Amylyx Pharmaceuticals' stock price increased following the announcement of mixed financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:44 pm