Streetbeat News

Earnings

CMBM

Cambium Networks Corp (CMBM) shares are trading higher despite the company lowering its Q3 revenue outlook to $40-$45 million from $62-$70 million due to delayed government orders, sluggish sector growth, reduced orders, and economic challenges in EMEA. The company has also suspended its full-year 2023 guidance. However, point-of-sale revenues are up, suggesting reduced channel inventories. The company has about $27 million in cash and a $45 million unused credit line.

Portfolio Pulse from Henry Khederian

October 06, 2023 | 2:49 pm

TTOO

T2 Biosystems, Inc. (NASDAQ:TTOO) shares are up significantly, despite being down nearly 37% over the last month. The company will report its preliminary Q3 financial results on Oct. 12. A significant holder of T2 Biosystems stock, CR Group L.P., sold more than 28 million TTOO shares at the end of September. The stock is currently trending on Yahoo! Finance with more than 43 million shares traded in the session, compared to the 100-day average of 115.928 million shares.

Portfolio Pulse from Erica Kollmann

October 06, 2023 | 2:41 pm

ADM

GROV

SANW

STG

The article identifies five value stocks in the consumer defensive sector, namely iHuman (IH), Sunlands Technology (STG), Archer-Daniels Midland (ADM), Grove Collaborative Hldgs (GROV), and S&W Seed (SANW). All these companies have low P/E multiples, indicating they may be undervalued. However, all of them have seen a decrease in their earnings per share recently.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 2:40 pm

LXU

SUZ

Benzinga Insights has identified five value stocks in the basic materials sector that may be worth watching: Suzano (SUZ), Cemex (CX), United States Steel (X), LSB Industries (LXU), and CF Industries Holdings (CF). The selection is based on low P/E multiples, indicating potential undervaluation. Recent earnings per share and dividend yield changes for each company are also reported.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 2:39 pm

KSS

LEVI

TGT

Levi Strauss & Co (NYSE:LEVI) reported lower than expected Q3 earnings and cut its annual outlook again due to weaker shopping trends at department stores and big-box retailers across the U.S such as Macy’s Inc (NYSE:M), Kohl’s Corporation (NYSE:KSS) and Target Corporation (NYSE:TGT). Levi's Q3 revenue was $1.51 billion, short of the $1.54 billion estimate. The company now expects full-year net revenues to be flat to up 1% YoY, down from its previous 1.5% to 2.5% growth range.

Portfolio Pulse from Upwallstreet

October 06, 2023 | 2:15 pm

CAG

GSK

MGM

MSFT

NFLX

NVDA

NVO

PHG

PYPL

SHEL

SNAP

TSM

UBER

The article discusses various regulatory, financial, and operational updates from multiple companies. Key points include potential delays in the PGA Tour and LIV Golf merger due to regulatory concerns, Snap Inc facing UK regulatory hurdles over privacy concerns, Philips' ventilator device recall facing FDA's discontent, Micron's $15B investment in a new Idaho facility, Novo Nordisk's weight loss drugs posing serious stomach risks, Shell revising its Q3 FY23 operational outlook, MGM Resorts expecting a $100M blow from a recent cybersecurity breach, GSK cutting stake in Haleon, TSMC's earnings fueled by AI demand, Netflix's growth issues in India, Uber facing legal hurdles in EU, ConAgra considering a makeover in portion sizes amid diet drug wave, PayPal facing a class-action suit accused of forcing higher price, Nvidia, Intel, Qualcomm challenging Biden's China restrictions, and Microsoft nearing the completion of Activision Blizzard acquisition.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 2:05 pm

IMOS

ChipMOS TECHNOLOGIES Inc reported Q3 revenues of $173.1 million, an increase of 2.5% Q/Q and 6.2% Y/Y. The growth was attributed to healthier channel inventory levels and stable loading levels of the DDIC high-end test platform. However, the company's shares traded lower by 1.24% at $23.04 on the last check Friday.

Portfolio Pulse from Lekha Gupta

October 06, 2023 | 2:00 pm

SAR

Saratoga Investment (NYSE:SAR) is set to release its latest quarterly earnings report on October 9, 2023. Analysts estimate an earnings per share (EPS) of $1.08. The company's past performance shows a pattern of beating EPS estimates, but this has not always led to a positive impact on the share price. The stock is currently trading at $24.16 and has seen a 14.38% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 2:00 pm

CAG

ConAgra Brands Inc (NYSE:CAG) reported better-than-expected earnings for its first quarter, with sales of $2.90 billion and adjusted EPS of $0.66. The company reaffirmed FY24 organic net sales growth of 1% and adjusted EPS of $2.70-$2.75. ConAgra offers an annual dividend yield of 5.38%, which is a quarterly dividend amount of 35 cents per share. To earn $500 per month from dividends alone, an investment of approximately $111,436 or around 4,286 shares would be needed.

Portfolio Pulse from Priya Nigam

October 06, 2023 | 1:04 pm

KIRK

LIXT

VANI

Insiders at Kirkland's, Inc. (KIRK), Vivani Medical, Inc. (VANI), and Lixte Biotechnology Holdings, Inc. (LIXT) have recently purchased shares in their respective companies. This comes after Kirkland's reported weaker-than-expected Q2 FY23 results, Vivani Medical posted a wider-than-expected Q2 loss, and Lixte Biotechnology's stock fell around 73% over the past six months.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:59 pm