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GEN

Gen Digital's stock price increased following the announcement of Q4 earnings surpassing expectations and the authorization of a $3 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:29 pm

GEN

Gen Digital announced Ondřej Vlček is stepping down as president after successfully integrating the company post the Avast and NortonLifeLock merger in 2022. He remains on the Gen Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:17 pm

G

Genpact has updated its FY24 earnings and revenue outlook, raising its EPS range from $3.00-$3.03 to $3.01-$3.04, and maintaining its revenue forecast between $4.59B-$4.63B. The company expects year-over-year revenue growth of 2.5% to 3.5%, an increase from previous estimates. Digital Operations and Data-Tech-AI revenue growth forecasts have also been revised upwards. Gross margin is expected to improve to 35.3%, and adjusted income from operations margin is projected at 17.0%.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:15 pm

GEN

Gen Digital's Board of Directors has approved an increase in the share repurchase authorization to $3 billion, which includes the remaining $429 million from the current authorization. This new authorization does not have an expiration date.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:10 pm

AKAM

Akamai Technologies, Inc.'s board has authorized a new $2 billion share buyback program. This move is part of the company's strategy to enhance shareholder value and reflects its confidence in the long-term business outlook.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:01 pm

FLYW

Analyst ratings for Flywire (NASDAQ:FLYW) show a mix of bullish to bearish sentiments, with recent actions including both raises and lowers in ratings and price targets. The average 12-month price target is now $32.2, down from $33.00. Flywire's financial performance highlights a significant revenue growth rate of 37.63% as of December 31, 2023, but challenges in profitability and efficiency metrics like net margin, ROE, and ROA are noted.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 8:00 pm

MASI

Politan Capital Management has proposed the immediate addition of Darlene Solomon and Bill Jellison to the board of Masimo Corporation. This move is aimed at enhancing the company's governance and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:56 pm

MASI

Politan Capital Management has rejected Masimo's proposal to withdraw its nominations in exchange for one nominee on Masimo's board. Politan argues this does not address the core governance issues at Masimo and insists on a majority of truly independent directors. However, Politan will not oppose the re-election of Joe Kiani to the board.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:55 pm

AGNC

AGNC Investment Corp has filed for a mixed shelf offering with the SEC, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:45 pm

DDOG

Investors have shown a bullish stance on Datadog (NASDAQ:DDOG), with options trading indicating a significant interest in the stock. Benzinga's options scanner revealed 28 unusual trades, with a bullish sentiment prevailing at 71%. The trades suggest a target price range of $105 to $175 for DDOG over the next three months. Notably, the volume and open interest in Datadog's options have seen considerable fluctuations, with specific trades highlighted for their potential impact. Datadog's current stock price is up 0.87% at $118.3, with RSI indicators suggesting it may be approaching oversold territory. Market experts have issued varied ratings for DDOG, with a consensus target price of $153. Analysts from Wells Fargo and BMO Capital have given positive ratings, while Needham has shown concerns with a lower rating.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 7:31 pm