Streetbeat News

Earnings

ZFOX

ZeroFox expects Q3 2024 revenue to be between $55.0M-$57.0M, higher than the estimated $50.37M. The company also forecasts FY24 revenue to be $214.0M-$217.0M, surpassing the $200.68M estimate. However, it anticipates a non-GAAP loss from operations of $6.2M-$5.4M for Q3 and $27.0M-$25.0M for FY24.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:08 am

ZFOX

ZeroFox Holdings (NASDAQ:ZFOX) reported Q2 losses of $(0.14) per share, missing the analyst consensus estimate of $(0.09) by 55.56%. However, the company's quarterly sales of $62.20 million beat the analyst consensus estimate of $51.82 million by 20.03%.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:03 am

MITK

Mitek Systems Inc's shares surged over 15% following its Q1 FY23 results. The company reported a 41% Y/Y increase in total revenue to $45.7 million, partly due to a large, multi-year mobile deposit contract. Adjusted EPS of $0.31 surpassed the consensus of $0.20. The company also raised its FY23 revenue outlook to $169.0 million-$171.0 million, up from $162.0 million-$165.0 million. The Nasdaq hearings panel has granted its request for continued listing pending its return to compliance with the filing requirement.

Portfolio Pulse from Lekha Gupta

September 06, 2023 | 9:54 am

AEO

ASAN

AVAV

CNM

GME

Core & Main, Asana, American Eagle Outfitters, AeroVironment, and GameStop are the stocks to watch heading into Wednesday. Core & Main is expected to report quarterly earnings of 68 cents per share on revenue of $1.88 billion. Asana reported upbeat Q2 results but shares fell 3.3% in after-hours trading. American Eagle Outfitters is expected to have earned 16 cents per share on revenue of $1.20 billion. AeroVironment reported better-than-expected Q1 results, leading to a 12.6% jump in shares. GameStop is expected to report a quarterly loss of 14 cents per share on revenue of $1.14 billion.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 8:09 am

AEO

BRC

CNM

GME

The CNN Money Fear and Greed index showed improvement in overall sentiment among U.S. investors on Tuesday, despite U.S. stocks settling mostly lower. Brady Corporation (BRC) shares gained over 11% after reporting better-than-expected Q4 results. Investors are awaiting earnings results from Core & Main, Inc. (CNM), American Eagle Outfitters, Inc. (AEO) and GameStop Corp. (GME).

Portfolio Pulse from Lisa Levin

September 06, 2023 | 7:17 am

VRNT

Verint Systems Inc. (NASDAQ:VRNT) is expected to report Q2 financial results after the closing bell on Sept. 6, 2023. Analysts predict earnings of 57 cents per share, up from 56 cents per share a year ago, and revenue of $225.1 million, compared to $222.9 million in the year-ago period. Verint Systems shares fell 2.2% to close at $31.08 on Tuesday. Analysts from Needham, Oppenheimer, and Wedbush have recently reiterated Buy and Outperform ratings, with price targets ranging from $44 to $50.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 7:07 am

UMC

United Microelectronics (UMC) reported a year-on-year sales decline of 25.23% for August 2023. The company's revenues for the period from January to August 2023 also decreased by 20% compared to the same period in 2022.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 6:58 am

ASAN

DBGI

NVAX

TSLA

U.S. stocks ended in red with the Dow Jones falling by nearly 200 points or 0.56%. Novavax shares surged by 10.23% due to increasing COVID cases in the US. Zscaler’s stock appreciated by 2.75% after reporting a 43% YoY increase in its Q4 revenue. Digital Brands Group's stock jumped 31.56% after announcing the closure of its offering for the issuance and sale of shares. Asana’s stock showed a marginal increase of 0.05% after Q2 results surpassed market expectations. Tesla’s stock climbed by 4.69% after Ark Invest's CEO reiterated her $2,000 price target for Tesla by 2027.

Portfolio Pulse from Benzinga Neuro

September 06, 2023 | 1:41 am

ALTG

AREB

AULT

AVAV

DSS

ESGL

GDC

GRIN

NEOV

RCRT

VINO

XOS

The article reports on the movement of 12 industrial stocks in Tuesday's after-market session. Gaucho Group Holdings, AeroVironment, ESGL Holdings, NeoVolta, American Rebel Holdings, and Recruiter.Com Group saw their stocks rise, while GD Culture Group, DSS, Ault Alliance, Grindrod Shipping Hldgs, Alta Equipment Group, and Xos saw their stocks fall.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 9:31 pm

CTNT

Cheetah Net Supply Chain (NASDAQ:CTNT) reported Q2 earnings of $0.01 per share, unchanged YoY. However, sales decreased by 41.35% to $12.20 million from $20.80 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:11 pm