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VRNS

Varonis Systems (NASDAQ:VRNS) received mixed analyst ratings with a recent shift towards more bullish perspectives. The average 12-month price target for VRNS is now $52.08, up from $41.40, indicating a 25.8% increase. Analysts from firms like Truist Securities, JP Morgan, and Wedbush have adjusted their ratings and price targets, reflecting changing market dynamics and Varonis Systems' performance. The company, a cybersecurity vendor, has shown solid revenue growth and strong net margin but faces challenges in market capitalization, ROE, and ROA compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:00 pm

NAAS

NaaS Technology's stock is trading lower following the announcement of a $6 million registered direct offering. This move indicates the company is seeking to raise capital, which could dilute existing shareholders but also potentially fund growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:39 pm

NAAS

NaaS Technology Inc. has announced a $6M registered direct offering, which is a way for the company to raise capital directly from investors. This move could indicate the company's need for funding to support its operations or growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:36 pm

ODD

ODDITY Tech (NASDAQ:ODD) shares fell in premarket trading after announcing a secondary public offering of 4 million shares by L Catterton, with an option for an additional 600,000 shares. ODDITY will not sell shares or receive proceeds from this offering. Despite strong Q4 FY23 results, the company's FY24 EPS guidance was below expectations. As of December 31, 2023, ODDITY had $168 million in cash with no debt. Shares dropped 5.88% to $43.41 in premarket.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 12:33 pm

WEST

In the latest quarter, 4 analysts provided mixed ratings for Westrock Coffee (NASDAQ:WEST), with an average 12-month price target of $12.5, reflecting a 13.64% increase from the previous target. The company's financial overview shows a revenue decline of -4.64% for the last 3 months as of September 30, 2023, but strong profitability indicators such as a net margin of 5.83%, ROE of 22.88%, and ROA of 1.49%. However, its debt-to-equity ratio of 2.12 suggests higher financial risk.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 12:01 pm

YMM

Full Truck Alliance shares surged following the announcement of an extension to its share repurchase program, now up to $300 million.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:44 am

ARCO

Arcos Dorados announced plans to open 80 to 90 new restaurants in 2024, with approximately 90% being free-standing units. The company anticipates total capital expenditures for 2024 to be between $300M and $350M.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:36 am

WOOF

Petco Health and Wellness has announced the appointment of R. Michael (Mike) Mohan as the interim Chief Executive Officer, effective immediately. This leadership change could signal a new strategic direction or stabilization efforts by the company.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:15 am

TALO

Talos Energy has filed for a shelf registration allowing selling stockholders to sell up to 24.7 million shares of common stock. This move could potentially increase the stock's liquidity but may also dilute current shareholders' equity.

Portfolio Pulse from Charles Gross

March 13, 2024 | 11:11 am

GEHC

GE HealthCare Technologies' stock is trading lower following the announcement of a secondary offering of 13 million shares of its common stock.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:08 am