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ADBE

The article provides a detailed analysis of Adobe Inc. (NASDAQ:ADBE) and its competitors in the software industry. It evaluates Adobe's financial metrics, market position, and growth prospects. Adobe's P/E ratio is lower than the industry average, suggesting potential value. However, its P/B and P/S ratios are higher than the industry average, indicating that it might be overvalued. Adobe's ROE, EBITDA, and gross profit are higher than the industry average, suggesting strong profitability and efficiency. However, its revenue growth is lower than the industry average.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 4:00 pm

TMUS

A significant investor has taken a bearish position in T-Mobile US (NASDAQ:TMUS), with 100% of large-scale traders being bearish. The major market movers are focusing on a price band between $60.0 and $200.0 for T-Mobile US. Raymond James, RBC Capital, and Morgan Stanley have maintained their positive ratings on T-Mobile US, with price targets of $180, $168, and $180 respectively.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 3:46 pm

SRE

Sempra (NYSE: SRE) has priced its public offering of 17,142,858 shares of its common stock at $70 per share. The offering is expected to close on November 10, 2023. The underwriters have an option to purchase up to an additional 2,571,428 shares from Sempra. Morgan Stanley and Citigroup are the joint bookrunners of the offering.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 3:40 pm

BCAN

Israel's Ministry of Health reported a significant increase in its medical marijuana program amid the ongoing conflict with Hamas. Patient enrollment in the medical cannabis registry doubled in October, with a notable increase in patients seeking relief from PTSD and pain. To meet the increased demand, BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) announced a plan focusing on its proprietary CRM platform.

Portfolio Pulse from Joana Scopel

November 08, 2023 | 1:41 pm

GSMG

Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) has announced a name change to Cheer Holding, Inc. and a trading symbol change from 'GSMG' to 'CHR'. The change will take effect on November 9, 2023. The company's warrants will continue to trade under the ticker symbol 'GSMGW'. No action is required from the company's shareholders regarding the changes.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:08 pm

CHPT

ChargePoint (NYSE:CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), announced that it has reached one million quarterly active drivers on its network. To celebrate this milestone, the company has launched a major update to its driver app, which is used by millions of drivers to find, charge, and pay for their EV fueling. In the United States, two million EV drivers have used a ChargePoint account to start a charge, representing approximately half of US EV drivers.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:07 pm

K

Kellanova has provided its Q4 2023 guidance, projecting net sales of approximately $3.1 billion and an operating profit of $380-$390 million on an adjusted basis. The company also expects earnings per share of $0.73-$0.76, implying a modest decline versus the prior year due to higher interest rates and lower pension income. This will be the first reporting period for Kellanova as a stand-alone company, following the spin-off of WK Kellogg Co.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:06 pm

RILY

B. Riley Financial has authorized a $50 million annual share repurchase plan.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:56 pm

MMTOF

NSANY

RNLSY

Renault SA has reduced its stake in Nissan Motor Co., Ltd. from 43.4% to 15%, transferring the remaining 28.4% shares into a French trust. Renault and Nissan now have a cross-shareholding of 15% with lock-up and standstill obligations. Renault continues to benefit from the economic rights from the entrusted Nissan shares until they are sold. Mitsubishi Motors is also a member of the Alliance with Renault and Nissan Motor. The alliance will continue to identify key projects across markets.

Portfolio Pulse from Nabaparna Bhattacharya

November 08, 2023 | 12:27 pm

CRL

Charles River Laboratories has revised its FY2023 adjusted EPS guidance from $10.30-$10.90 to $10.50 - $10.70, which is in line with the estimate of $10.56. The company's revenue growth guidance for 2023 has been narrowed from 2.5% – 4.5% to 2.5% – 3.5%.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:20 pm