Streetbeat News

Partnerships

SYNX

Silynxcom Ltd. (NYSE:SYNX), a manufacturer of tactical communication devices, has received a $400,000 follow-up order from a leading global defense company for its Clarus In-Ear Headset system. This marks the third order from the same customer, totaling over $4.5 million. The company's CEO, Nir Klein, expressed satisfaction with the continued trust from the defense sector and the demand for their innovative products.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:11 pm

ERIC

T

Ericsson (NASDAQ:ERIC) reported a 16% year-on-year decline in Q4 FY23 sales, with organic sales down 17%. The company saw a decrease in Networks' organic sales by 23% and a decline in sales in India, partially offset by growth in Enterprise. Adjusted gross margin fell slightly, while adjusted EBIT margin improved due to higher-margin software sales. Ericsson forecasts a market decline outside China in 2024, with a decrease in 5G gear demand. The company has a $14 billion deal with AT&T (NYSE:T) for Open-RAN technology, which is expected to boost Ericsson in the second half of 2024. Ericsson named Lars Sandström as the new CFO, effective April 1, 2024. ERIC shares were up 1.37% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 2:10 pm

NXST

SCOR

Comscore, Inc. (SCOR) has entered into a multi-year agreement with Nexstar Media Group, Inc. (NXST) to provide cross-platform audience measurement. Comscore will offer critical metrics for Nexstar's various media platforms, aiming to become a leading currency provider. The partnership will enable precise audience insights and in-flight monitoring of campaigns, enhancing Nexstar's value to advertisers, especially in an election year. Financial details of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:09 pm

VRNS

Varonis Systems, Inc. (NASDAQ:VRNS) has announced a strategic collaboration with Microsoft to integrate its data security platform with Microsoft Copilot for Microsoft 365. This integration aims to help companies improve their data security posture and safely adopt AI capabilities. Varonis' platform offers real-time security posture quantification, data discovery and classification, DLP policy enforcement, least-privilege access controls, and sensitive data activity monitoring. The platform is available on Azure Marketplace and includes Varonis Athena AI for in-depth investigations and risk analysis. Organizations can also request a free Varonis Data Risk Assessment to evaluate their AI readiness.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:07 pm

LAES

SEALSQ Corp (NASDAQ:LAES) announced an initiative to decentralize global semiconductor manufacturing by creating Semiconductor Personalization Centers with Public-Private Partnerships and SEALCoins incentivization. The initiative aims to mitigate the global dependency on semiconductor manufacturing and address the threat quantum computing poses to cryptocurrencies. SEALSQ is negotiating projects in Europe, Middle East, and Far East to implement OSAT Centers using RISC-V technology. The company is allocating 100 million SEALCoins to back the production of 100 million Quasar post-quantum semiconductors. SEALSQ's initiative also includes secure elements, cryptographic keys, and hardware security modules, and is expected to bolster industries like automotive, aerospace, and healthcare. The company's involvement with IoT device manufacturers and the Matter Protocol is expected to increase semiconductor demand, with the smart home market projected to grow significantly.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:06 pm

ESGL

ESGL Holdings Limited (NASDAQ:ESGL), an enviro-tech company, has entered into a multi-year agreement with Sentosa Clay Products to co-produce sustainable bricks using ESGL's proprietary product, NEWSPAR. The agreement, which lasts until the end of 2025, will result in the production of over 10 million sustainable bricks annually, enough for about 1,000 two-storey houses. This partnership is expected to provide environmental benefits and an alternative revenue stream for ESGL.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:02 pm

NFLX

TKO

TKO Group Holdings Inc (NYSE:TKO) stock rose after announcing a partnership with Netflix Inc (NASDAQ:NFLX) to bring WWE's weekly Raw programming exclusively to Netflix starting January 2025. The deal, with a 10-year term and rights fees over $5 billion, also includes all WWE shows and specials outside the U.S. TKO also appointed Brad Keywell and Dwayne Johnson to its board. TKO shares surged 22.2% to $94.60, while Netflix shares increased 1.61% to $493.51.

Portfolio Pulse from Adam Eckert

January 23, 2024 | 1:58 pm

FSR

Fisker Inc (NYSE:FSR) shares are rising after announcing momentum in its new Dealer Partnership model, with over 100 dealers interested in partnering. The company expects to sell all remaining 2023 vehicles by the end of Q1 and anticipates significant cash generation from these sales. Fisker also reported a reduction in its outstanding debt under its 2025 convertible notes by $185.5 million, decreasing the total debt from $510 million to $324.5 million.

Portfolio Pulse from Adam Eckert

January 23, 2024 | 1:57 pm

BLK

CSIQ

Recurrent Energy, a subsidiary of Canadian Solar Inc. (CSIQ), has secured a $500 million investment from BlackRock (BLK) to expand its renewable energy platform. The investment represents 20% of Recurrent Energy's shares on a fully diluted basis. Canadian Solar will retain the majority ownership. The capital will help Recurrent Energy grow its project pipeline and transition to a long-term owner and operator, particularly in the U.S. and Europe. The company has a significant development pipeline and expects to have substantial solar and storage operations by 2026. The transaction excludes certain regions and is subject to regulatory approvals. BlackRock's investment is from its Climate Infrastructure fund, aligning with the global trend towards renewable energy, with solar capacity expected to triple by 2027.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:45 pm

NFLX

TKO

TKO Group shares are up following the announcement of a long-term partnership with Netflix, which will include bringing WWE's Raw to the streaming platform.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:41 pm