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NUWE

UNH

Nuwellis, Inc. (NASDAQ:NUWE) announced that CFO Lynn Blake will be transitioning from her role to pursue broader career goals. She will remain in her current role through September 1, 2023, and then consult with the company through March 31, 2024. The company plans to appoint Rob Scott, currently the Senior Finance Director, as the new CFO. Scott, a 10-year veteran of Nuwellis, previously spent five years at UnitedHealth Group (NYSE:UNH) in various finance roles.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:23 pm

SEAC

SeaChange International, Inc. (NASDAQ:SEAC) has announced its voluntary decision to deregister its common stock with the U.S. Securities and Exchange Commission (SEC) and delist from Nasdaq. The company expects the last trading day of its common stock on Nasdaq to be around August 28, 2023. The decision follows a strategic alternatives process initiated in December 2022, which explored potential transactions to maximize stockholder value. The company believes that delisting will save significant money, which can be used to execute its standalone plan and provide a benefit to the company's stockholders.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:20 pm

CHPT

ChargePoint (NYSE:CHPT), a leading provider of electric vehicle (EV) charging solutions, announced a significant investment in technology to deliver nearly 100% charging station reliability. The company will implement 24/7 proactive station monitoring, predictive analytics, and machine learning to detect station downtime and improve charger uptime. ChargePoint also plans to introduce a comprehensive training program to certify electrical contractors that install EV charging infrastructure. The company currently delivers approximately 96% uptime across its entire public network in North America and Europe.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:14 pm

WCN

Waste Connections, Inc. (NYSE:WCN) has announced the renewal of its normal course issuer bid (NCIB) to repurchase up to 12,881,534 common shares, or 5% of its total issued and outstanding common shares. The repurchases will be made through the Toronto Stock Exchange, the New York Stock Exchange, and/or alternative Canadian trading systems over the next 12 months. The company has not purchased any common shares under the current NCIB, which will expire on August 9, 2023.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:12 pm

FSTR

L.B. Foster has updated its 2023 financial guidance due to improved profitability in its year-to-date results. The company now expects adjusted EBITDA to range between $28 million to $32 million, up from the previous estimate of $27 million to $31 million. Despite the impact of divestitures, net sales guidance for 2023 remains unchanged at between $520 million to $550 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:09 pm

FOX

FOXA

Fox Corporation has authorized a $7 billion stock buyback program. This move is expected to boost shareholder value by reducing the number of shares in circulation, potentially leading to an increase in the stock price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:58 am

QMCO

Quantum Corporation has revised its Q2 and FY24 guidance downwards. For Q2, it now expects revenues of $80M and a net loss per share of $0.04. For FY24, it expects revenues of $360M and a net loss per share of $0.06. The company attributes the decline to more pronounced declines in its hyperscale and media businesses and the potential impact of a prolonged entertainment work stoppage. Despite the revenue headwinds, the company's gross margins are improving due to a higher revenue contribution from Primary Storage and non-hyperscale Secondary Storage customers.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 11:48 am

ABEO

Abeona Therapeutics has a cash balance of $37.1M and is expected to raise an additional $25M from a registered direct offering. These funds are projected to support the company's operations until Q4 of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:47 am

EBS

Emergent BioSolutions (NYSE:EBS) is reducing investment in its CDMO services business, leading to a reduction of approximately 400 employees across all areas of the company. This includes reducing operations at its Bayview facility in Baltimore, Maryland, and its facility in Canton, Massachusetts, due to changes in the volume of U.S. government procurements of medical countermeasures.

Portfolio Pulse from Charles Gross

August 08, 2023 | 11:19 am

CLBT

Cellebrite DI Ltd. (NASDAQ:CLBT) has appointed Thomas E. Hogan as Executive Chairman of the Board. Hogan, a veteran with over 40 years of experience, has a track record of exceptional shareholder returns, client impact, and employee growth. He has led numerous acquisitions totaling nearly $8B, including Mercury Interactive and Opsware. Hogan has held senior executive posts in both private and publicly held software companies.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:13 am