Streetbeat News

Earnings

BABA

Alibaba's stock gained after multiple analysts raised their price forecasts following the company's mixed fiscal first-quarter earnings. Revenue growth was 4% year-on-year to $33.47 billion, missing estimates, but adjusted earnings per ADS of $2.26 topped expectations. Analysts from Citigroup, JP Morgan, Bernstein, Baird, Truist Financial, and Benchmark provided various ratings and price targets, reflecting optimism about Alibaba's market share stabilization and growth potential in cloud and digital commerce segments.

Portfolio Pulse from Anusuya Lahiri

August 16, 2024 | 3:40 pm

LITE

Lumentum Holdings (NASDAQ:LITE) has received mixed ratings from 12 analysts over the past three months, with a recent average price target of $58.58. Analysts have raised their price targets, reflecting a positive outlook despite the company's recent financial challenges, including a 15.88% decline in revenue and negative profitability metrics.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 3:01 pm

META

The article provides a comprehensive comparison of Meta Platforms (NASDAQ:META) with its competitors in the Interactive Media & Services industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth are analyzed. Meta Platforms shows strong financial performance with a low P/E ratio, high ROE, significant EBITDA, and robust revenue growth, indicating potential undervaluation and strong market sentiment.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 3:00 pm

AMZN

The article provides a comprehensive analysis of Amazon.com (NASDAQ:AMZN) in comparison to its major competitors within the Broadline Retail industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth are evaluated to offer insights into Amazon's market position and growth potential.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 3:00 pm

NVDA

The article provides a comprehensive industry comparison of NVIDIA (NASDAQ:NVDA) against its major competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth are analyzed, highlighting NVIDIA's premium valuation, strong profitability, and robust revenue growth.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 3:00 pm

CLRO

ClearOne shares are trading higher following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:56 pm

CXXIF

C21 Investments Inc. reported a net loss and a slight revenue increase for Q1 2024, with Nevada sales declining by 1%. The company faced inflationary pressures and internal inventory issues but expects improved margins in the second half of the year. The launch of a new dispensary and a recent acquisition are expected to drive future growth.

Portfolio Pulse from Nina Zdinjak

August 16, 2024 | 2:51 pm

PCLOF

PharmaCielo Ltd. (OTC:PCLOF) reported a 390% YoY revenue increase to CA$783,680 in Q2 2024, driven by cannabis derivative sales. Net loss narrowed to CA$2.6 million from CA$3.6 million in Q2 2023. The company issued 5.98 million shares for debt settlement and reduced operating expenses. Despite positive financial trends, PCLOF shares were down 4.78% to $0.0857.

Portfolio Pulse from Patricio Liddle

August 16, 2024 | 2:47 pm

BABA

MA

Ant Group, an affiliate of Alibaba Group Holding Limited (NYSE:BABA), is in talks to acquire the Chinese online healthcare platform Haodf.com. This move comes amid a 10.2% drop in Ant Group's profit due to regulatory hurdles. Ant Group is also collaborating with Mastercard Inc (NYSE:MA) to expand digital payment zones in China. Alibaba's stock has an average 1-year price target of $103.0, representing a 23.24% upside in 2025.

Portfolio Pulse from Anusuya Lahiri

August 16, 2024 | 2:43 pm

ICG

Intchains Group shares are trading higher following strong Q2 financial results. Benchmark maintained a Buy rating on the stock and raised its price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:41 pm