Streetbeat News

Earnings

FUFU

HIVE

MARA

MSTR

RIOT

Crypto-linked stocks and miners are experiencing a rise in share prices following Iris Energy's FY24 results. Bitcoin is also trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:11 pm

HAIL

PSNY

Polestar Automotive Holding (NASDAQ:PSNY) shares surged after reporting a significant increase in Q2 deliveries, with a notable 82% rise quarter-over-quarter. The company also announced effective inventory management and a new CEO appointment. Polestar is optimistic about stronger sales in the second half of the year, particularly with the launch of new SUVs.

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 4:09 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) impressed analysts with its Q2 financial results, beating revenue and earnings estimates. Despite concerns about the impact of a Microsoft outage, analysts maintain positive ratings and price targets, highlighting strong customer engagement and recovery strategies. The company's valuation is seen as attractive given its long-term growth potential.

Portfolio Pulse from Chris Katje

August 29, 2024 | 4:06 pm

NTAP

In the past three months, 16 analysts have provided ratings on NetApp (NASDAQ:NTAP), with a mix of bullish and bearish views. The average 12-month price target has increased to $134.06, with a high of $155.00 and a low of $110.00. Analysts have been adjusting their ratings and price targets, reflecting their views on NetApp's market performance. The company has shown strong financial metrics, such as a net margin of 17.45% and an ROE of 27.2%, but faces challenges with a high debt-to-equity ratio of 2.31.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 4:00 pm

OKTA

Okta reported strong Q2 results, beating revenue and earnings expectations. However, analysts have mixed reactions, with some cutting price targets due to concerns over decelerating growth in subscription revenue and cRPO. Despite positive execution in enterprise deals, Okta's shares fell 16.51% amid concerns about future growth.

Portfolio Pulse from Priya Nigam

August 29, 2024 | 4:00 pm

AFRM

SQ

Block, Inc. (NYSE:SQ) shares are trading higher as Affirm Holdings, Inc. (NASDAQ:AFRM) reports strong quarterly results, boosting sentiment in the Buy Now, Pay Later sector. Affirm's revenue grew nearly 50% year-over-year, and it provided upbeat guidance. UBS analyst Rayna Kumar maintained a Buy rating on Block but lowered the price target from $100 to $92. Block shares are up 5.24% at $68.07.

Portfolio Pulse from Erica Kollmann

August 29, 2024 | 3:58 pm

THCH

TH International reported a year-over-year decrease in Q2 revenue, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:54 pm

UPST

Upstart Holdings Inc (UPST) shares rose by 6.46% following Affirm Holdings Inc's strong financial results, which boosted investor confidence in the fintech sector. Affirm's earnings exceeded estimates, highlighting the growth potential of the BNPL industry, positively impacting Upstart's stock.

Portfolio Pulse from Henry Khederian

August 29, 2024 | 3:45 pm

NOAH

Noah Holdings shares are experiencing an upward trend following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:44 pm

NVDA

Nvidia's Q2 results exceeded expectations with strong data center performance and a $50 billion stock repurchase plan. Despite this, shares fell 3.6% in after-hours trading. Analysts have mixed reactions, with many seeing the dip as a buying opportunity due to Nvidia's promising AI and data center future.

Portfolio Pulse from Surbhi Jain

August 29, 2024 | 3:39 pm