Streetbeat News

Earnings

CAN

Canaan Inc. (NASDAQ:CAN) is scheduled to release its quarterly earnings report on Tuesday, 2023-11-28. Analysts predict an EPS of $-0.26. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Canaan's stock price has been sensitive to earnings performance and guidance. Last quarter, Canaan missed EPS estimates by $0.47, resulting in a 5.63% share price drop the following day. Over the past year, Canaan's shares have declined by 29.58%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 2:01 pm

CRWD

CrowdStrike Holdings (NASDAQ:CRWD) is expected to release its quarterly earnings report on Tuesday, 2023-11-28, with an estimated EPS of $0.74. Investors are looking for an earnings beat and positive guidance for future growth. Historically, CRWD's stock price has been sensitive to earnings performance and guidance. Last quarter, CRWD beat the EPS estimate by $0.18, resulting in a 9.28% stock price increase the following day. Over the last 52 weeks, CRWD shares have risen by 52.79%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 2:00 pm

PDD

PDD Holdings (NASDAQ:PDD) is expected to release its quarterly earnings report on Tuesday, 2023-11-28, with analysts predicting an EPS of $1.19. Investors are looking for an earnings beat and positive guidance for future growth. Historically, PDD Holdings has seen share price increases following earnings beats, with a 5.28% rise after last quarter's results. The stock has been performing well, with a 52.05% increase over the last 52 weeks, and is currently trading at $118.7.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 2:00 pm

FTNT

NET

PANW

ZS

Zscaler Inc (NASDAQ:ZS) is set to report Q1 FY2024 earnings with expectations of 49 cents EPS and $474.31 million in revenue. The company focuses on AI-based security enhancements and data protection, with projected 33% YoY revenue growth for Q1 and 27-28% for the full year. Despite a challenging macro environment, Zscaler remains cash flow positive with a 121% net retention rate. Analysts are interested in Zscaler's integrated product initiatives and data protection growth. Consensus analyst ratings are a Buy, with a price target of $188.47. Shares closed higher at $193.09. Peers like Fortinet Inc (NASDAQ:FTNT), Cloudflare Inc (NYSE:NET), and Palo Alto Networks (NASDAQ:PANW) also face macro challenges but are adapting strategies.

Portfolio Pulse from Surbhi Jain

November 27, 2023 | 1:54 pm

CCI

SHOP

THAR

Tharimmune reported positive Phase 1 data for TH104 in treating chronic pruritis in primary biliary cholangitis, achieving its primary objective with favorable safety. Crown Castle's shares rose after Elliott Management took a $2B stake and recommended operational improvements. Shopify's stock increased following a report of strong Black Friday sales.

Portfolio Pulse from ryanfaloona@benzinga.com

November 27, 2023 | 1:54 pm

BMY

PFE

PINC

Wall Street's most accurate analysts recommend holding three health care stocks with over 4% dividend yields: Pfizer Inc. (PFE), Bristol-Myers Squibb Company (BMY), and Premier, Inc. (PINC). Analysts from Morgan Stanley and Wells Fargo have maintained Equal-Weight ratings on PFE with reduced price targets. BMY saw a downgrade from BMO Capital to Market Perform and an upgrade from HSBC to Hold, with adjusted price targets. PINC maintained Neutral ratings from JP Morgan and UBS, with lowered price targets. Recent news includes FDA approvals for Pfizer's Xtandi and Bristol Myers Squibb's Augtyro, and Premier's upbeat earnings for Q1.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 1:37 pm

SHOP

Shopify Inc (NYSE:SHOP) stock is rising after announcing a Black Friday sales record of $4.1 billion by its merchants, a 22% increase from 2022. Sales peaked at $4.2 million per minute, with clothing, personal care, and jewelry as top categories. The average cart price was $110.71, with the U.S., U.K., and Canada as top selling countries. The stock was up 3.85% at $73.05.

Portfolio Pulse from Adam Eckert

November 27, 2023 | 1:33 pm

ADBE

SPY

Adobe predicts consumer spending to reach $12B-$12.4B on Cyber Monday, indicating a significant day for retail and e-commerce sectors.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:30 pm

VLO

Valero Energy Inc. (NYSE:VLO) has seen a 0.37% drop in the current session, trading at $124.50. Over the past month and year, the stock has decreased by 1.80% and 7.76%, respectively. Valero's P/E ratio of 4.26 is lower than the industry average of 11.56, which could indicate potential undervaluation or weaker growth prospects. Investors are advised to consider P/E ratios among other financial metrics and qualitative factors for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 1:30 pm

BIMI

BIMI International Medical Inc. reported H1 2023 revenues of $8,755,303, a significant increase from $5,543,745 in H1 2022. The rise is attributed to the acquisition of Phenix Bio Inc. on March 15, 2023. Gross margins improved to 52% in H1 2023 from 15% in H1 2022, reflecting the high-margin herbal supplements sold by Phenix Bio. BIMI also saw a positive shift in its cash position and working capital, with cash at $1,931,744 and working capital at $6,604,643 as of June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:27 pm