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DOCN

DigitalOcean Holdings has updated its FY24 revenue forecast to $760M-$775M, slightly adjusting its previous range of $755M-$775M, aligning closely with the $766.36M estimate. The company also anticipates an adjusted EPS of $1.60-$1.67, compared to the estimated $1.64, alongside expectations of a 36%-38% adjusted EBITDA margin and a 19%-21% adjusted free cash flow margin.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:07 am

DOCN

DigitalOcean Holdings projects Q2 revenue of $188M-$189M, surpassing the $187.09M estimate, with adjusted EPS of $0.38-$0.40, closely aligning with the $0.39 estimate. For 2024, revenue expectations are set at $760M-$775M, with an adjusted EBITDA margin of 36%-38% and an adjusted free cash flow margin of 19%-21%.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:03 am

ANIP

ANI Pharmaceuticals (ANIP) has reiterated its FY24 revenue outlook of $520M-$542M, aligning with a $535.11M estimate, and projects FY24 adjusted EPS of $4.26-$4.67, close to the $4.48 estimate. The company expects a gross margin between 62% and 63% and will continue to apply a 26.0% tax rate for adjusted non-GAAP EPS calculations. Following a May 2023 equity raise, ANIP now anticipates 19.4M-19.7M shares outstanding for diluted EPS calculations and expects a U.S. GAAP effective tax rate of 22.0%-25.0%, adjusted from 20.0%-22.0%.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:59 am

GELYY

MBLY

ZK

Zeekr Intelligent Technology Holding Limited (NYSE:ZK) priced its U.S. IPO at $21 per share, at the top end of its estimated range, with shares to begin trading on May 10, 2024. The offering is expected to close on May 14, 2024, potentially raising up to $507.2 million if the underwriters' over-allotment option is fully exercised. Strategic investors including Geely Automobile Holding (OTC:GELYY), Contemporary Amperex Technology, and Mobileye Global Inc (NASDAQ:MBLY) accounted for $300 million of the IPO. Despite a strong demand for Zeekr's IPO, analysts are skeptical about an imminent surge of Chinese listings in New York.

Portfolio Pulse from Shivani Kumaresan

May 10, 2024 | 10:52 am

AQN

Algonquin Power & Utilities Corp. (NYSE:AQN) has appointed Chris Huskilson as its CEO, effective immediately. Huskilson, who served as Interim CEO since August 2023, will also continue as a Board member.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:36 am

AHI

Armata Pharmaceuticals, Inc. (AHI) received a delisting notification from Nasdaq due to an equity deficiency. The company plans to appeal the decision and address the $1.15 million shortfall with a $1.96 million placement from Oakley Capital and a US shelf offering.

Portfolio Pulse from Charles Gross

May 10, 2024 | 10:11 am

SNDA

Sonida Senior Living has appointed Max Levy as its Chief Investment Officer, a newly created position, and announced that Lilly H. Donohue will join its Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 9:33 am

ZK

Zeekr Intelligent Tech has set the IPO price for its 21 million ADS at $21 each, with trading on the NYSE under the symbol 'ZK' starting May 10, 2024. The offering could raise up to $507.2 million if the underwriters exercise their over-allotment option fully.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 9:20 am

ERIC

Ericsson's Senior Vice President and Head of Market Area Middle East & Africa, Fadi Pharaon, will resign at the end of August. Pharaon has been with Ericsson for 26 years, holding various management positions. A successor will be announced in due course. CEO Börje Ekholm praised Pharaon's contributions to the company.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:57 am

RWAY

Runway Growth Finance Corp announced the pricing of a secondary offering of 3.75M shares by OCM Growth Holdings LLC at $11.50/share.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:05 am