Streetbeat News

Partnerships

NET

Cloudflare, Inc. (NYSE:NET) has appointed Mark Anderson, a seasoned executive with over 25 years of experience in scaling enterprise technology companies, as its President of Revenue. Anderson, who has been a member of Cloudflare's Board of Directors since 2019, aims to accelerate Cloudflare's growth to achieve $5 billion in annual recurring revenue. He has previously contributed to significant revenue growth at companies like Alteryx, Palo Alto Networks, and F5 Networks. Anderson's appointment is part of Cloudflare's strategy to enhance its go-to-market efforts and continue its trajectory of growth, building on the strong foundation laid by Marc Boroditsky, the former President of Revenue.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:28 pm

SPIR

Spire Global, Inc. (NYSE:SPIR) and Signal Ocean have announced a collaboration to digitize the maritime economy. Signal Ocean will invest $10M in Spire Global through a private placement of 833,333 shares at $12.00 per share. This partnership aims to leverage Spire's space-based data and Signal Ocean's AI expertise to enhance maritime domain monitoring, global security, and transparency.

Portfolio Pulse from Charles Gross

February 08, 2024 | 9:20 pm

MRAI

Marpai, Inc. (NASDAQ:MRAI) announced two key financial agreements: an amendment with AXA S.A. to delay payment obligations and secure $1.7 million in revenue-based financing from Libertas Funding, LLC. The amendment with AXA reduces the 2024 payment to $473,688 and delays further payments to 2025, with potential payment reduction criteria including maintaining NASDAQ listing. Marpai's CEO, Damien Lamendola, commits to investing $3 million in equity in 2024. The financing from Libertas, which has provided over $2.6 billion to businesses since 2016, will be used for short-term working capital needs.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:15 pm

PLTR

Palantir Technologies (PLTR) shares are trading higher following the announcement of a strategic, multi-year partnership with Bapco Upstream to enhance Bahrain's energy production.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:31 pm

APPS

ARM

K

ME

SYRA

TENX

UCAR

Crude oil prices increased by 3.1%, and Kellanova (NYSE:K) reported better-than-expected Q4 results, with earnings of 78 cents per share against estimates of 74 cents, and sales of $3.17 billion versus expected $3.08 billion. Syra Health Corp. (NASDAQ:SYRA) surged 425% after announcing a $75 billion federal contract partnership. U Power Limited (NASDAQ:UCAR) rose 49% with new board appointments. Arm Holdings plc (NASDAQ:ARM) gained 59% on strong Q3 results and optimistic FY24 guidance. Conversely, Tenax Therapeutics, Inc. (NASDAQ:TENX), 23andMe Holding Co. (NASDAQ:ME), and Digital Turbine, Inc. (NASDAQ:APPS) saw significant drops due to disappointing financial outcomes and public offering pricing.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 7:19 pm

ADAUSD

Cardano (ADA) experienced a 9% rally, reaching an 18-month high, with analysts predicting further gains. The Cardano Foundation's 2023 report highlighted significant achievements and partnerships, contributing to positive sentiment around ADA. Analysts see potential for a 32% rally if ADA sustains a close above $0.53, with technical indicators supporting bullish forecasts.

Portfolio Pulse from Khyathi Dalal

February 08, 2024 | 6:35 pm

YTEN

Yield10 Bioscience Inc (NASDAQ:YTEN) stock fell 21% to $0.57 amid volatility after announcing its focus on advancing its Omega-3 Camelina program towards 2024 commercialization. The company completed contra season production in Chile, crucial for aquafeed and human nutrition. Yield10 is scaling up seed production, seeking partnerships, and navigating regulatory processes, including working with BioMar and deregulating Omega-3 Camelina in the US. Additionally, the company awaits a Nasdaq Hearings Panel decision on its listing status, expected within a month. Lake Street analyst Ben Klieve downgraded YTEN from Buy to Hold with a $0.5 price target.

Portfolio Pulse from Henry Khederian

February 08, 2024 | 6:26 pm

PLNHF

Las Vegas Cannabis Weddings has offered Taylor Swift and Travis Kelce a free cannabis-themed wedding at Planet 13 Holdings Inc's (OTC:PLNHF) dispensary during Super Bowl LVIII weekend. The offer aims to capitalize on the couple's popularity and the event's high profile. Additionally, the first 100 couples to sign up if the Kansas City Chiefs win can get married for $87, reflecting Kelce's jersey number. Competitor Little White Chapel is also offering free weddings to Super Bowl players and staff.

Portfolio Pulse from Maureen Meehan

February 08, 2024 | 6:26 pm

BKKT

CMP

SYRA

TENX

Compass Minerals International, Inc. (CMP) shares fell by 9% following disappointing quarterly results, missing both earnings and sales estimates. Other stocks showed significant movement, with notable gainers including Syra Health Corp. (SYRA) and Hitek Global Inc. (HKIT), and losers like Tenax Therapeutics, Inc. (TENX) and Bakkt Holdings, Inc. (BKKT). The article also highlights stocks that surged due to partnerships, financial results, and other corporate announcements.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 6:07 pm

X

Donald Trump mentioned the United States Steel Nippon deal, drawing attention to United States Steel Corporation (X).

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:42 pm