Streetbeat News

Equity Actions

CLFD

The Board of Directors has approved an increase in the share repurchase program authorization from $40 million to $65 million for CLFD.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:49 pm

AAPL

QQQ

SPY

Apple, Inc. (AAPL) reported Q2 results surpassing expectations with a $90.75B revenue and announced a $110B buyback program. Despite a year-over-year revenue decline, Services and Mac sales exceeded forecasts. Apple's EPS fell from the previous year but set a new March quarter record. The company declared a quarterly dividend and expressed confidence in future growth, hinting at upcoming product announcements. AAPL shares rose 3.5% post-earnings, contrasting with its year-to-date performance.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 8:45 pm

AM

SMLP

Antero Midstream Corporation (AM) has completed a $70M acquisition of gathering and compression assets in the Marcellus Shale from Summit Midstream Partners LP (SMLP), expected to be over 5% accretive to Free Cash Flow after dividends through 2027. This acquisition increases AM's 2024 Adjusted EBITDA and Free Cash Flow guidance by $15M and $10M, respectively. Additionally, AM announced the redemption of all its outstanding 7.875% Senior Notes due 2026 for redemption on May 16, 2024, to be funded with cash on hand and borrowings under its revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:44 pm

SLNO

Soleno Therapeutics, Inc. (NASDAQ:SLNO) announced its intention to conduct an underwritten public offering of its common stock, with no specified size or amount. The offering includes a 30-day option for underwriters to purchase up to an additional 15% of the shares sold. Piper Sandler and Guggenheim Securities are the joint book-running managers. The completion of the offering is subject to market conditions, with no guarantees on timing or terms.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:41 pm

IR

Ingersoll Rand has authorized a $1 billion increase to its share repurchase program, adding to the existing $750 million authorization expected to be exhausted by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:35 pm

AAPL

Apple's stock is on the rise following the announcement of robust Q2 earnings, an increase in dividends, and the authorization of an additional $110 billion for stock repurchases.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:32 pm

AAPL

Apple's board has authorized an additional $110 billion for share repurchases and has increased its dividend by 4% to $0.25.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:31 pm

DKNG

DraftKings is actively exploring various capital allocation options, according to a report by Bloomberg. This indicates that the company is looking into ways to optimize its financial resources, which could involve investments, acquisitions, or restructuring efforts to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:23 pm

PCTY

The Board of Directors at Paylocity has approved a new share repurchase program, authorizing the company to buy back up to $500 million of its own shares. This move is part of Paylocity's strategy to return value to its shareholders and potentially increase the earnings per share by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:17 pm

MCK

McKesson's (NYSE:MCK) short interest has decreased by 10.48% since the last report, with 1.46 million shares sold short, representing 1.11% of its float. This decrease in short interest could indicate a more bullish sentiment towards MCK among traders. Compared to its peers, McKesson has a lower short interest percentage of float, with the average for its peer group being 4.21%.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 8:15 pm