Streetbeat News

Earnings

NOW

ServiceNow (NYSE:NOW) has seen significant options market activity, indicating a bearish stance by large investors. Benzinga's options scanner revealed 9 trades, with a sentiment split of 22% bullish and 77% bearish. The trades target a price range of $600 to $980 for ServiceNow. The company's stock is currently trading at $802.51, with a volume of 100,741 and may be overbought according to RSI readings. Earnings are expected in 75 days, and professional analysts have set an average price target of $851, with ratings ranging from Overweight to Buy.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:16 pm

AMD

Investors have shown a bullish stance on Advanced Micro Devices (NASDAQ:AMD) through recent options trading, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 31 unusual trades, with a majority being calls. The trades suggest an expected price window for AMD between $75.0 to $180.0. Notable options activity includes both bearish and bullish trades with expiration dates in 2024. AMD's current stock price is up by 0.97%, reaching $171.0, with a high trading volume and a potential overbought RSI indication. AMD's next earnings report is scheduled in 81 days.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:16 pm

DDOG

PANW

S

SNOW

ZS

Cybersecurity stocks are experiencing an uptick following Cloudflare's announcement of robust Q4 financial results. This positive momentum reflects investor optimism in the cybersecurity sector, influenced by Cloudflare's performance.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:14 pm

FISI

RBB

RBB Bancorp (NASDAQ:RBB) announces a dividend payout of $0.16 per share with an annualized yield of 3.65%, payable on February 09, 2024, to shareholders of record as of January 31, 2024. The company has shown a consistent increase in dividend per share from $0.33 in 2020 to $0.64 in 2023, alongside a growth in earnings per share from $1.62 in 2020 to $2.71 in 2023, indicating strong financial health and a commitment to enhancing shareholder value. Financial Institutions (NASDAQ:FISI) is mentioned for having the highest annualized dividend yield at 6.36% among industry peers.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:05 pm

CME

VALU

Value Line (NASDAQ:VALU) announces a dividend payout of $0.28 per share with an annualized yield of 2.67%, payable on February 09, 2024, to shareholders of record as of January 29, 2024. The company has shown a consistent increase in dividend per share from $0.83 in 2020 to $1.09 in 2023, alongside a slight increase in earnings per share from $1.86 to $1.87 over the same period. This indicates a strong financial health and a focus on maximizing shareholder returns. Value Line's dividend yield is compared to its industry peers, with CME Group (NASDAQ:CME) having the highest yield at 4.22%.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:05 pm

ENLC

TRMD

EnLink Midstream (NYSE:ENLC) announces a dividend payout of $0.13 per share with an annualized yield of 4.29%, marking a consistent increase in dividends from $0.47 in 2020 to $0.50 in 2023. Earnings per share also grew from $0.12 to $0.67 in the same period, indicating a strong financial health and potential for future dividend increases. TORM (NASDAQ:TRMD) leads in dividend yield among peers with 17.37%.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:05 pm

CZNC

FISI

Citizens & Northern (NASDAQ:CZNC) is issuing a dividend payout of $0.28 per share with an annualized yield of 5.63%. The company has shown a steady increase in dividend per share from $1.08 in 2020 to $1.12 in 2023, alongside earnings growth from $1.65 to $1.79 per share over the same period. This indicates a strong financial position and potential for future dividend increases. Financial Institutions (NASDAQ:FISI) leads in dividend yield among peers at 6.36%.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:05 pm

CAPL

ECO

CrossAmerica Partners (NYSE:CAPL) announced a dividend payout of $0.53 per share with an annualized yield of 9.11%, maintaining a consistent dividend per share of $2.10 from 2020 to 2023. However, the company's earnings per share have decreased from $2.82 in 2020 to $1.06 in 2023, indicating a decline in profitability. This situation raises concerns about the company's financial health and its ability to continue sharing profits with investors. Okeanis Eco Tankers (NYSE:ECO) is mentioned for having the highest annualized dividend yield at 18.44% among industry peers.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:05 pm

PCTY

Paylocity Holding Corp (NASDAQ:PCTY) reported its second-quarter FY24 results, showing a 20% Y/Y increase in total revenue to $326.4 million, surpassing consensus estimates. Adjusted EPS was $1.49, beating the $1.28 consensus. The company has no long-term debt and a strong cash position. Despite positive results and an optimistic outlook for Q3 and FY24, PCTY shares dropped 5.26% to $162.86.

Portfolio Pulse from Lekha Gupta

February 09, 2024 | 3:02 pm

DLA

Delta Apparel (AMEX:DLA) is anticipated to report a quarterly EPS of $-0.91 on February 12, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive future guidance. Historical data shows mixed earnings performance with significant share price volatility post-earnings. Currently, DLA shares are trading at $7.33, reflecting a 36.6% decline over the last year, indicating investor concern ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:01 pm