Streetbeat News

Earnings

FTNT

Fortinet Inc (NASDAQ:FTNT) shares rose in premarket trading after reporting better-than-expected Q4 results, with several analysts adjusting their ratings and price targets. The company's billings outperformed expectations, driven by large deals and early success in SASE and SecOps. Despite some concerns over product revenue decline and competitive pressures, the overall sentiment is positive, with a focus on Fortinet's growth and profitability strategy.

Portfolio Pulse from Priya Nigam

February 07, 2024 | 4:39 pm

AOSL

Alpha and Omega Semiconductor (AOSL) shares are trading lower following the announcement of their Q2 financial results and the issuance of Q3 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:39 pm

AVNW

CG

CMG

EMR

ENPH

Chipotle Mexican Grill, Inc. reported better-than-expected fourth-quarter financial results, leading to a 7.7% surge in its shares. Other companies like Aviat Networks, Enphase Energy, Sonos, XPO, Cirrus Logic, Green Plains, Griffon Corporation, REGENXBIO, The AZEK Company, O-I Glass, Frontier Group Holdings, SolarEdge Technologies, Silicon Laboratories, Emerson Electric, Yum China Holdings, Trex Company, The Carlyle Group, Roblox Corporation, IHS Holding, Palantir Technologies, California Resources Corporation, Arcadium Lithium, Palo Alto Networks, Carlisle Companies, Assurant, and Fortinet also reported positive financial results or updates, resulting in significant stock price increases.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 4:38 pm

GPRE

Green Plains shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:34 pm

INTA

Intapp shares are trading lower following the announcement of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:33 pm

HAIN

The Hain Celestial Group's shares dropped following the announcement of Q2 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:33 pm

VSTS

Vestis shares are trading lower due to the company reporting worse-than-expected Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:33 pm

VSAT

ViaSat shares are trading lower following the announcement of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:32 pm

HAIN

Hain Celestial Group, Inc. (NASDAQ:HAIN) shares fell after reporting flat Q2 fiscal 2024 sales of $454.1 million, missing analyst expectations. North America sales dropped 5.2% due to lower baby formula sales, while International sales grew 8.5%. Adjusted net income decreased to $10.9 million from $18.3 million year over year, with a reduced adjusted EBITDA margin. The company revised its FY24 organic net sales growth outlook to 1% or more, down from 2% to 4%, and adjusted its EBITDA forecast. HAIN shares dropped 15.43% to $9.59.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 4:32 pm

OI

O-I Glass shares surged following the announcement of their Q4 financial results, which exceeded expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:32 pm