Streetbeat News

Earnings

CRSR

Corsair Gaming projects its FY24 net revenue to be between $1.45B and $1.6B, which is below the estimated $1.63B.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:01 pm

AKAM

Akamai Technologies (AKAM) reported Q4 earnings of $1.69 per share, surpassing the $1.60 estimate, marking a 23.36% year-over-year increase. However, their sales of $995.02M fell short of the $998.13M estimate, though still up 7.25% from the previous year.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 9:01 pm

CRSR

Corsair Gaming (CRSR) reported Q4 2023 adjusted EPS of $0.22, missing the $0.25 estimate, with sales of $417.30M also missing the $428.66M estimate. This represents a 4.66% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:01 pm

LPX

Louisiana-Pacific (NYSE:LPX) is scheduled to release its quarterly earnings report on February 14, 2024, with analysts expecting an EPS of $0.55. The company's past performance shows a mix of earnings beats and misses, with the stock price reacting accordingly. Shares are currently trading at $70.93, reflecting a 3.1% increase over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:01 pm

SUM

Summit Materials (NYSE:SUM) received mixed analyst ratings in the last quarter, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target was adjusted to $41.5 from $43.00, indicating a 3.49% decrease. The company's financial performance shows strong profitability with a notable net margin of 28.94% and ROE of 10.57%, despite a high debt-to-equity ratio of 0.67. Revenue growth was 5.59% for the last quarter, slightly lagging behind industry peers.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:00 pm

Analysts have recently updated their ratings and price targets for Home Depot (NYSE:HD), showing a positive trend with most analysts raising their price targets. The average 12-month price target is now $380.38, up from $337.50, indicating a bullish outlook. Home Depot's financial performance shows a slight revenue decline but strong profitability and financial health, with a notable ROE of 275.59% and ROA of 5.01%. The company's debt-to-equity ratio is higher than the industry average, suggesting a higher financial risk.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:00 pm

KTOS

Kratos Defense & Security (KTOS) reported Q4 earnings of $0.12 per share, surpassing the $0.09 estimate, a 50% increase from last year. Sales reached $273.80M, beating the $254.40M estimate, marking a 9.83% increase from the previous year.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 9:00 pm

MSFT

QQQ

SPY

TSLA

The 'Magnificent Seven' tech stocks lost over $250 billion in market value due to a sell-off triggered by higher-than-expected inflation data. Microsoft, Apple, Alphabet, Amazon, Meta Platforms, NVIDIA, and Tesla saw significant losses, with Microsoft and Tesla being the most affected. The inflation report led to a market reset, dimming hopes for Federal Reserve rate cuts and causing the S&P 500 and Nasdaq 100 to drop significantly.

Portfolio Pulse from Piero Cingari

February 13, 2024 | 8:58 pm

ARM

NVDA

SMCI

Retail investors on Reddit's r/WallStreetBets are focusing on chip stocks, particularly Nvidia Corporation (NVDA), Arm Holdings Plc (ARM), and Super Micro Computer, Inc. (SMCI), due to their potential in AI technologies. Nvidia remains a favorite with significant gains over the past year and high expectations for its upcoming earnings report. Arm Holdings, after a substantial rise, is seen as an affordable alternative to Nvidia. Super Micro Computer is under scrutiny for its recent gains and high short interest.

Portfolio Pulse from Erica Kollmann

February 13, 2024 | 8:57 pm

AKAM

DBX

DDOG

HUBS

TWLO

JPMorgan's analysis by Mark R. Murphy provides a cautious yet optimistic outlook on the enterprise software industry, highlighting the impact of GenAI and macro uncertainties. ZoomInfo, Datadog, Akamai, HubSpot, Twilio, and Dropbox are evaluated with varying ratings based on their current challenges, market positioning, and future revenue guidance amidst a complex macroeconomic environment.

Portfolio Pulse from Surbhi Jain

February 13, 2024 | 8:36 pm