Streetbeat News

Earnings

AZEK

AZEK's stock price is up following the release of their Q4 financial results, which exceeded expectations. Additionally, Stifel has reaffirmed a Buy rating on AZEK and increased the price target from $36 to $38.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:30 pm

HPE

Hewlett Packard Enterprise (HPE) stock is trading higher following the announcement of a Q4 earnings per share (EPS) beat and an increase in its dividend.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:27 pm

GME

GameStop Corp (NYSE:GME) shares surged 11.9% to $15.09 without specific company news. The rise may be attributed to strong Cyber Monday sales, retail investor interest, and anticipation of the upcoming Q3 earnings report on December 6th. Since late September, GME stock has fallen about 10% after Ryan Cohen's appointment as President and CEO. The SEC now requires hedge funds to report short positions, a change prompted by the 2021 GameStop stock frenzy.

Portfolio Pulse from Henry Khederian

November 29, 2023 | 4:24 pm

BILI

Bilibili's stock price is down following the report of a year-over-year decline in Q3 revenue and the release of FY23 revenue guidance that suggests continued challenges.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:05 pm

CRM

MSFT

Salesforce Inc (CRM) is set to report Q3 earnings with analysts expecting $2.06 EPS and $8.72 billion in revenue. Focus areas include operating costs, profit margins, leadership changes at Slack, and Einstein GPT integration. Salesforce has been managing costs by reducing its workforce, resulting in lower operating expenses in Q2. The company has a high gross profit margin compared to the sector and aims to be highly profitable. The consensus rating is a Buy with a target price around $248-$278. Shares were up 2.1% to $229.83 ahead of the earnings report.

Portfolio Pulse from Surbhi Jain

November 29, 2023 | 4:05 pm

CSGP

CoStar Group (NASDAQ:CSGP) is analyzed against competitors in the Real Estate Management & Development industry. It has a lower P/E ratio, suggesting undervaluation, but higher P/B and P/S ratios, indicating potential overvaluation based on book value and sales. CoStar's ROE is below the industry average, and its EBITDA and gross profit are lower than peers, hinting at possible financial challenges. However, the company's revenue growth outpaces the industry, suggesting strong sales expansion and market share gain. CoStar maintains a moderate debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 4:00 pm

CSCO

The analysis of Cisco Systems (NASDAQ:CSCO) within the Communications Equipment industry shows it may be undervalued based on PE, PB, and PS ratios compared to peers. Despite a lower ROE, Cisco's high EBITDA, gross profit, and revenue growth suggest strong financial performance. The company's low debt-to-equity ratio indicates a solid financial position.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 4:00 pm

CPRT

The analysis of Copart (NASDAQ:CPRT) in the Commercial Services & Supplies industry reveals that the company may be overvalued based on its high PE, PB, and PS ratios compared to industry averages. Despite this, Copart shows strong profitability with higher EBITDA and gross profit. However, its ROE and revenue growth are below the industry average, indicating potential challenges in generating returns and expanding business. Copart's low debt-to-equity ratio suggests a strong financial position with less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 4:00 pm

AEIS

EAST

QBAK

XXII

22nd Century Group, Inc. (XXII) appoints Lawrence Firestone as chairman and CEO. The company also announced the sale of its GVB Biopharma operations to Specialty Acquisition Corporation for $2.25 million. Firestone has extensive experience, including roles as CEO of Eastside Distilling, Inc. (EAST) and Qualstar Corporation (QBAK), and CFO of Advanced Energy Industries (AEIS) and Applied Films Corporation (AFCO). 22nd Century reported an 8.2% drop in net revenue and a significant operating loss. The Blinc Group promoted Pete Sahani to CEO, with the former CEO taking a new role. XXII shares rose 10.6977% to $0.2380.

Portfolio Pulse from Jelena Martinovic

November 29, 2023 | 3:53 pm

ZH

Zhihu Inc (NYSE:ZH) reported Q3 FY23 revenue of $140.1 million, a 12.1% increase Y/Y but below the consensus of $143.6 million, leading to a stock price decline. Adjusted loss per ADS was $(0.05), better than the expected $(0.06). Marketing services revenue fell 17.1% Y/Y, while paid membership and vocational training revenues grew significantly. MAUs and monthly paying members increased. Gross margin decreased due to monetization efforts and cloud services. The company has $775 million in cash and equivalents. ZH shares dropped 1% to $1.01.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 3:30 pm