Streetbeat News

Earnings

CISS

C3is (NASDAQ:CISS) reported Q2 losses of $(0.11) per share and sales of $1.70 million. The company's management estimated its Net Asset Value (NAV) to be $24.13 million, a 600% premium over its current market capitalization.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 1:23 pm

NTNX

Nutanix, Inc. (NASDAQ:NTNX) reported stronger-than-expected Q4 results and announced a $350 million share repurchase program. The company's Q4 revenue increased 28% YoY to $494.21 million, beating the consensus estimate of $475.16 million. Nutanix expects Q1 revenue of $495 million to $505 million, and full-year revenue between $2.085 billion and $2.115 billion. Following the earnings announcement, Keybanc, Needham, and JMP Securities revised their price targets on Nutanix.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 1:20 pm

S

SentinelOne (NYSE:S) reported better-than-expected Q2 results and issued Q3 revenue guidance above estimates. Q2 revenue increased 46% YoY to $149.4 million, beating the consensus estimate of $140.98 million. The company also raised its full-year revenue guidance to $605 million. Following the earnings announcement, Needham, Raymond James, and JMP Securities increased their price targets on SentinelOne.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 1:14 pm

ARBK

DELL

NTNX

PD

TAOP

TIO

In Friday's pre-market session, several IT stocks showed significant movement. Taoping (TAOP), Nutanix (NTNX), Dell Technologies (DELL), ZeroFox Holdings (ZFOX), Auddia (AUUD), and ARB IOT Group (ARBB) saw gains, with TAOP leading at a 21.9% increase. On the other hand, Tingo Group (TIO), SatixFy Communications (SATX), PagerDuty (PD), DatChat (DATS), Argo Blockchain (ARBK), and Minim (MINM) experienced losses, with TIO leading the decline at 11.6%.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 1:06 pm

CHWY

Chewy (NYSE:CHWY) shares fell sharply after the company reported Q2 financial results, with net sales of $2.78 billion, up 14.3% YoY, beating a Street consensus estimate of $2.76 billion. The company also reported earnings per share of 15 cents, beating a Street consensus estimate of a loss of 5 cents per share. Despite the fall, options traders predict a rebound by the end of next week.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 1:05 pm

OLLI

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) reported better-than-expected Q2 results and raised its FY23 guidance. The company reported a 13.7% Y/Y sales growth to $514.5 million, beating the consensus of $499.0 million. Adjusted EPS of $0.67 also beat the analyst consensus of $0.61. For FY23, Ollie's increased its net sales outlook to $2.076 billion - $2.091 billion from $2.052 billion-$2.067 billion. Following the earnings announcement, Keybanc and Goldman Sachs increased their price targets on Ollie's Bargain Outlet.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 1:01 pm

WBA

Walgreens Boots Alliance (WBA) has announced that it expects its FY23 adjusted EPS to be at or near the low end of its previously stated range. The company will discuss 2024 guidance at its next regularly scheduled quarterly earnings call.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:56 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) reported strong Q3 earnings, exceeding market estimates with a revenue of $8.88 billion and earnings per share of $10.54. However, the company issued a weak forecast for Q4, expecting revenue of approximately $9.27 billion. The company's dividend yield is currently 2.06%, which equates to a quarterly dividend of $4.60 per share. To earn $500 monthly from Broadcom dividends, an investor would need to own approximately $300,862 worth of Broadcom, or 326 shares.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 12:52 pm

PD

PagerDuty Inc (NYSE:PD) shares dropped over 10% due to a soft outlook despite reporting Q2 FY24 revenue growth of 19% Y/Y to $107.62 million, beating the consensus of $104.18 million. The company expects Q3 adjusted EPS of $0.13-$0.14 vs. consensus of $0.15 and revenue of $106.5 million-$108.5 million vs. street view of $106.91 million. For FY24, the company revised the outlook for revenue to $426 million-$430 million from $425 million - $430 million vs. the consensus of $427.73 million.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 12:42 pm

DELL

EOSE

ME

Eos Energy announced 'Project AMAZE,' a $500 million program to address long-duration energy storage demand, causing its shares to rise. 23andMe was granted new FDA clearance to report additional BRCA variants. Dell Technologies reported Q2 EPS of $1.74, beating the $1.14 estimate, and sales of $22.93B, beating the $20.85B estimate.

Portfolio Pulse from ryanfaloona@benzinga.com

September 01, 2023 | 12:34 pm