Streetbeat News

Equity Actions

MNDY

DA Davidson analyst Robert Simmons has upgraded Monday.Com (NASDAQ:MNDY) from Neutral to Buy and announced a $170 price target.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 12:37 pm

BCO

Brink's has announced a $500 million buyback program. This move is expected to return value to shareholders by reducing the number of outstanding shares, which could potentially increase the price of remaining shares.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 12:33 pm

ABUS

Arbutus Biopharma Corporation's CEO, William Collier, has announced his retirement at the end of 2023. Michael J. McElhaugh will serve as the interim CEO.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 12:21 pm

AYX

QQQ

SPY

The S&P 500 and Nasdaq are set to break their 6-day rally as stock futures indicate a lower opening on Tuesday. The day is expected to be dominated by a series of Federal Reserve speeches. The SPDR S&P 500 ETF Trust (NYSE:SPY) slipped 0.36% to $434.10 and the Invesco QQQ ETF (NASDAQ:QQQ) fell 0.31% to $368.07 in premarket trading. Several companies including Alteryx, Inc. (NYSE:AYX), Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), and Sanmina Corporation (NASDAQ:SANM) saw significant movement in premarket trading following their earnings reports.

Portfolio Pulse from Shanthi Rexaline

November 07, 2023 | 12:15 pm

MRNS

Marinus Pharmaceuticals has revised its 2023 net product revenues for ZTALMY to $18.5M-$19M, up from the previous guidance of $17M-$18.5M. The company also projects its cash runway to extend into Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 12:15 pm

ADV

Advantage Solutions has updated its FY23 outlook, expecting Adjusted EBITDA to be around the upper end of the guidance range of $400 million to $420 million. This includes the impact of completed divestitures and anticipates continued pricing realization, growth in in-store sampling and demonstration events, and further investments in technology and talent.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 12:11 pm

DDOG

Datadog has updated its FY23 earnings per share (EPS) forecast to $1.52-$1.54, up from the previous estimate of $1.33. The company also expects its revenue to be between $2.103B-$2.107B, higher than the estimated $2.06B.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 12:06 pm

ELAN

Elanco Animal Health has updated its financial guidance for FY2023. The company has raised its adjusted EPS guidance from $0.80-$0.89 to $0.88 - $0.94, compared to the estimated $0.85. Additionally, Elanco has also increased its sales guidance for FY2023 from $4.35B-$4.41B to $4.36B - $4.40B, against the estimated $4.37B.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:43 am

AULT

Ault Alliance has entered into a securities purchase agreement for a financing of up to $50 million from Ault & Company.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:36 am

DHI

D.R. Horton, a major US homebuilder, has projected that its homebuilding operations will close between 86,000 and 89,000 homes in fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:35 am