Streetbeat News

Equity Actions

POET

Poet Technologies has filed for a mixed shelf offering of up to $150 million. The company has not yet disclosed the specific details of the securities to be offered.

Portfolio Pulse from Charles Gross

August 09, 2023 | 9:20 pm

ENS

EnerSys has announced a 29% increase in its dividend to $0.225 per share.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 9:17 pm

SPNT

SiriusPoint and Dan Loeb have entered into a standstill agreement. Under this agreement, Loeb will not make a takeover or purchase proposal for SiriusPoint or acquire more than 9.5% of the company's outstanding shares. He also won't take any action to control, change, or influence the company's management, business, capitalization, or corporate structure.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 9:15 pm

ERF

Enerplus Corporation has increased its FY23 production forecast from 93K-98K barrels of oil equivalent (BOE) to 94.5K-98.5K BOE.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 9:15 pm

INVZ

Innoviz Technologies Ltd. (NASDAQ:INVZ) has announced a public offering of $60 million of its ordinary shares. The company also intends to grant the underwriters an option to purchase up to an additional $9 million of its ordinary shares. The proceeds from the offering will be used for general corporate purposes. Goldman Sachs & Co. LLC is the lead book-runner for the offering.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 9:07 pm

AVID

Avid Technology, Inc. (AVID) has withdrawn its full-year 2023 guidance due to the announced transaction with STG. The company has also cancelled its previously scheduled conference call to discuss its Q2 earnings.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 8:59 pm

ASYS

Amtech Systems (NASDAQ:ASYS) announced that CEO Michael Whang will step down effective August 8, 2023, and will be replaced by current Chairman of the Board, Bob Daigle. Whang will remain as an advisor until February 8, 2024. The company is focusing on growth opportunities in the semiconductor sector, particularly in silicon carbide semiconductors for the electric vehicle industry.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:54 pm

ARMK

Aramark has announced a secondary offering of 21.26 million shares of common stock by a selling shareholder. The company itself will not receive any proceeds from this offering.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:52 pm

ANET

Arista Networks (NYSE:ANET) has seen a mix of bullish and bearish trades, with 45% of investors opening trades with bullish expectations and 55% with bearish. Whales have been targeting a price range from $150.0 to $210.0 for Arista Networks over the last 3 months. The stock is currently down -1.66% at $177.46. Wells Fargo, Morgan Stanley, Needham, Keybanc, and Argus Research have maintained their ratings on Arista Networks with price targets ranging from $185 to $225.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 8:46 pm

MRUS

Merus N.V. (NASDAQ:MRUS), a clinical-stage oncology company, has announced a proposed underwritten public offering of its common shares. The size and amount of the offering have not been disclosed. The company plans to use the net proceeds from the offering to advance the clinical development of its product candidates, for preclinical research and technology development, and for working capital and general corporate purposes. Jefferies, BofA Securities, Guggenheim Securities and William Blair are acting as joint book-running managers for the offering.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:44 pm