Streetbeat News

Earnings

OLB

OLB Gr (NASDAQ:OLB) reported Q2 EPS of $(0.04), beating the analyst consensus estimate of $(0.09) by 55.56%. This is a 60% increase over losses from the same period last year. The company also reported quarterly sales of $8.34M, beating the analyst consensus estimate of $7.53M by 10.76%, although this is a 0.38% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:51 pm

AUVI

Applied UV Inc reported Q2 FY23 revenue of $10.84 million, up 83.6% Y/Y, missing the consensus of $11.40 million. The company's Disinfection/Healthy Building Technologies segment revenue rose $4.0 million Y/Y, and the Hospitality segment revenue grew $0.9 million Y/Y. Gross profit increased 84.8% Y/Y to $2.4 million. The company reaffirmed FY23 revenue of $45 million vs. the consensus of $43.3 million.

Portfolio Pulse from Lekha Gupta

August 21, 2023 | 1:33 pm

Fabrinet (NYSE:FN) is set to report its Q4 financial results on Aug. 21, 2023. Analysts predict earnings of $1.80 per share, up from $1.68 per share a year ago, and revenue of $640.61 million, up from $587.87 million. The company's shares closed at $117.85 on Friday, up 1.4%. Several analysts have recently revised their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 1:32 pm

ADMP

Adamis Pharmaceuticals reported Q2 losses of $(3.40) per share, a 19.05% increase YoY. Sales were $6.95K, a 82.57% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:19 pm

PANW

Palo Alto Networks, Inc. (NYSE:PANW) reported better-than-expected Q4 earnings and issued a strong billings outlook for the year. Several analysts, including those from Deutsche Bank, Rosenblatt, JP Morgan, Raymond James, B of A Securities, UBS, BMO Capital, and RBC Capital, have raised their price targets on Palo Alto Networks following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 1:16 pm

CRWD

FTNT

PANW

Cybersecurity companies CrowdStrike Holdings Inc (NASDAQ:CRWD), Zscaler Inc (NASDAQ:ZS), and Fortinet Inc (NASDAQ:FTNT) are trading higher alongside Palo Alto Networks Inc (NASDAQ:PANW), which issued strong earnings guidance after the close on Friday. Palo Alto's Q4 revenue missed estimates, but EPS beat estimates. The company also provided strong guidance for the fiscal first quarter and full year. Several analysts set new price targets for Palo Alto, pushing its shares up nearly 13%. CrowdStrike, Zscaler, and Fortinet also saw their shares rise.

Portfolio Pulse from Adam Eckert

August 21, 2023 | 1:08 pm

CRWD

DDOG

NET

PANW

Cybersecurity stocks are trading higher following Palo Alto Networks' strong quarterly results.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:07 pm

CRGO

ELIQ

EOSE

ESGL

FTEK

GTEC

GWAV

JAN

JCSE

NKLA

PIXY

SHPW

Several industrial stocks experienced significant movement in Monday's pre-market session. Electriq Power Holdings, Shapeways Holdings, JE Cleantech Hldgs, Greenland Technologies, Eos Energy Enterprises, and Freightos saw gains, while Nikola, ESGL Holdings, JanOne, Greenwave Tech Solns, ShiftPixy, and Fuel Tech saw declines. Q2 earnings reports for Greenland Technologies and Freightos were released.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 1:06 pm

GRRR

IFBD

NSSC

PANW

During Monday's pre-market session, several information technology stocks experienced significant movement. Gorilla Tech Gr, Infobird Co, Palo Alto Networks, CVD Equipment, Nano Labs, and Rekor Systems saw their stocks rise, with Palo Alto Networks reporting Q4 earnings and Nano Labs reporting H1 earnings. Conversely, NAPCO Security Techs, Sigma Additive Solutions, Soluna Holdings, WaveDancer, Cyngn, and Ascent Solar Technologies saw their stocks decrease.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 1:06 pm

PANW

Palo Alto Networks Inc's shares are trading higher after the company reported strong quarterly results and issued robust earnings guidance. The company's Q4 revenue increased 26% YoY to $1.95 billion, slightly missing consensus estimates of $1.96 billion. However, its earnings per share of $1.44 beat estimates of $1.28. The company also issued strong earnings guidance for Q1 and the full year. Several analysts have raised their price targets for the company following these results.

Portfolio Pulse from Adam Eckert

August 21, 2023 | 1:04 pm