Streetbeat News

Earnings

IOT

Samsara's shares are trading higher following the company's release of better-than-expected Q2 financial results and issued guidance.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 2:48 pm

DELL

EOSE

MDB

NIO

Several US stocks traded higher on Friday, with the Dow Jones gaining around 200 points. Notable gainers include Eos Energy Enterprises, Dell Technologies, Elastic N.V., Butterfly Network, Nutanix, A-Mark Precious Metals, Shengfeng Development, Lufax Holding, UP Fintech Holding, Samsara, The Lovesac Company, TAL Education Group, Full Truck Alliance, XPeng, NIO, Weibo Corporation, Oceaneering International, and MongoDB. Many of these companies reported better-than-expected quarterly results, raised outlooks, or announced new initiatives.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 2:45 pm

MDB

MongoDB, Inc. (NASDAQ:MDB) reported better-than-expected Q2 earnings of 93 cents per share, a 504.35% YoY increase. The company also issued Q3 and FY 2024 earnings and revenue guidance. The company's shares are trading higher on heavy trading volume, with over 2.2 million shares traded in the session, compared to the 100-day average of 1.706 million shares.

Portfolio Pulse from Erica Kollmann

September 01, 2023 | 2:45 pm

Zscaler, Inc. (NASDAQ:ZS) is expected to report Q4 earnings after the closing bell on Sept. 5, 2023. Analysts predict earnings of 49 cents per share, up from 25 cents per share a year ago, and revenue of $430.38 million, up from $318.06 million. Zscaler shares gained 6% to close at $156.05 on Thursday. Several analysts have revised their ratings and price targets for the company ahead of the earnings call.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 2:44 pm

CALM

FDP

GROV

SANW

STG

The article identifies Sunlands Technology (STG), S&W Seed (SANW), Cal-Maine Foods (CALM), Fresh Del Monte Produce (FDP), and Grove Collaborative Hldgs (GROV) as notable value stocks in the consumer defensive sector. The companies' P/E ratios and recent earnings per share are discussed. The risk of investing in value stocks is also mentioned, as their emergence from an undervalued position may never materialize.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 2:40 pm

BCC

HCC

KOP

OLN

The article discusses value stocks in the basic materials sector, highlighting five companies: Boise Cascade (BCC), CF Industries Holdings (CF), Warrior Met Coal (HCC), Olin (OLN), and Koppers Hldgs (KOP). These companies are considered undervalued based on their low P/E ratios. The article also provides updates on each company's earnings per share and dividend yield changes.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 2:39 pm

BEKE

CRWD

GOOG

TIO

TLRY

Benzinga's Stock Whisper Index has identified five stocks that warrant attention for the week of Sept. 1, 2023. These include Tilray Brands (TLRY), which saw strong investor interest following positive news in the cannabis sector; CrowdStrike Holdings (CRWD), which reported strong quarterly financial results; Alphabet Inc (GOOG, GOOGL), which saw increased interest due to Google Cloud's partnership with Nvidia Corp (NVDA) and upcoming product events; KE Holdings Inc (BEKE), which reported strong Q2 earnings and announced a share buyback program and special cash dividend; and Tingo Group (TIO), which has been targeted by Hindenburg with a short report alleging several red flags.

Portfolio Pulse from Chris Katje

September 01, 2023 | 2:32 pm

AMZN

CRM

GOOG

MSFT

Salesforce Inc (NYSE:CRM) surpassed Wall Street estimates with its Q2 results, reporting $8.60 billion in revenue, a YoY growth of 11%, and a net income of $1.27 billion. The company also raised its full-year guidance. Salesforce, along with Amazon.com Inc (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOG), expressed optimism about recovery in technology spending for the remaining half of the year. Salesforce also introduced AI enhancements to its Cloud applications and announced an AI Cloud that will include marketing and data analysis tools.

Portfolio Pulse from Upwallstreet

September 01, 2023 | 2:05 pm

NIO

NIO Inc. reported an 81% YoY increase in vehicle deliveries for August 2023, totaling 19,329 vehicles. However, the company's Q2 revenue was down 14.8% YoY, with vehicle deliveries and revenue also declining. NIO expects Q3 deliveries to increase by 74%-80.3% YoY. The company's shares are trading 7.21% higher.

Portfolio Pulse from Nabaparna Bhattacharya

September 01, 2023 | 2:02 pm

TCOM

Trip.com Group (NASDAQ:TCOM) is set to release its latest quarterly earnings report on September 4, 2023. Analysts estimate an earnings per share (EPS) of $0.50. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. The company's shares were trading at $39.31 as of August 31, with a 52-week increase of 60.18%.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 2:00 pm