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NET

Cloudflare, Inc. (NYSE:NET) has appointed Mark Anderson, a seasoned executive with over 25 years of experience in scaling enterprise technology companies, as its President of Revenue. Anderson, who has been a member of Cloudflare's Board of Directors since 2019, aims to accelerate Cloudflare's growth to achieve $5 billion in annual recurring revenue. He has previously contributed to significant revenue growth at companies like Alteryx, Palo Alto Networks, and F5 Networks. Anderson's appointment is part of Cloudflare's strategy to enhance its go-to-market efforts and continue its trajectory of growth, building on the strong foundation laid by Marc Boroditsky, the former President of Revenue.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:28 pm

SPIR

Spire Global, Inc. (NYSE:SPIR) and Signal Ocean have announced a collaboration to digitize the maritime economy. Signal Ocean will invest $10M in Spire Global through a private placement of 833,333 shares at $12.00 per share. This partnership aims to leverage Spire's space-based data and Signal Ocean's AI expertise to enhance maritime domain monitoring, global security, and transparency.

Portfolio Pulse from Charles Gross

February 08, 2024 | 9:20 pm

MRAI

Marpai, Inc. (NASDAQ:MRAI) announced two key financial agreements: an amendment with AXA S.A. to delay payment obligations and secure $1.7 million in revenue-based financing from Libertas Funding, LLC. The amendment with AXA reduces the 2024 payment to $473,688 and delays further payments to 2025, with potential payment reduction criteria including maintaining NASDAQ listing. Marpai's CEO, Damien Lamendola, commits to investing $3 million in equity in 2024. The financing from Libertas, which has provided over $2.6 billion to businesses since 2016, will be used for short-term working capital needs.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:15 pm

BTAI

BioXcel Therapeutics has announced a public offering of $60 million of its common stock, with an option for underwriters to purchase an additional $9 million of shares. This move could potentially dilute current shareholders but also provide the company with necessary capital for its operations and future projects.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:04 pm

EXPE

Expedia Group has announced that Ariane Gorin will succeed Peter Kern as CEO. This leadership change is part of the company's ongoing strategy to strengthen its position in the travel industry. The transition is expected to bring fresh perspectives to Expedia's operations and potentially drive innovation and growth within the company.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:03 pm

EXPE

Expedia Group has announced the appointment of Ariane Gorin as its new CEO, effective May 13, 2024. This strategic leadership change is expected to guide the company through its next phase of growth and innovation.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:02 pm

ALL

11 financial analysts have recently updated their ratings and price targets for Allstate (NYSE:ALL), showing a mix of bullish to bearish sentiments. The average 12-month price target has been raised to $166.73, indicating a 16.86% increase from the previous target. Analysts from firms like JP Morgan, Raymond James, and Goldman Sachs have raised their price targets, reflecting optimism about Allstate's future performance despite challenges in revenue growth, net margin, and debt management.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 9:00 pm

DWAC

Digital World Acquisition Corp (DWAC) is reportedly close to finalizing a deal involving a $50 million convertible note, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 8:21 pm

ENR

Energizer Holdings (NYSE:ENR) has received mixed analyst ratings over the past three months, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target has been adjusted to $35.57, marking a 2.81% decrease from the previous target of $36.60. Analyst actions include both upgrades and downgrades, reflecting varied perspectives on the company's performance and market conditions. Energizer, known for its battery and lighting products, faces challenges such as a decline in revenue growth, below-average net margin, and a high debt-to-equity ratio, impacting its financial health.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 8:01 pm

CRTO

In the last three months, Criteo (NASDAQ:CRTO) received mixed analyst ratings, ranging from bullish to bearish. The average 12-month price target for CRTO has been raised to $33.25, marking a 21.66% increase from the previous target. Analysts from BMO Capital, Susquehanna, and Wells Fargo have adjusted their ratings and price targets, reflecting a positive outlook on Criteo's market performance despite its challenges in revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 8:01 pm