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IONQ

IonQ has secured a $5.7 million contract with ARLIS to design a multi-node blind quantum computing system. This project extends IonQ's work with the federal government on quantum initiatives and includes future phases for construction, delivery, and maintenance. ARLIS will also research the cybersecurity of multi-party quantum computation.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:01 pm

BAX

Baxter International Inc (NYSE:BAX) reported strong Q2 results, beating both EPS and sales expectations. The company raised its annual outlook, driven by growth across all segments, particularly in Pharmaceuticals and Medical Products & Therapies. Baxter also provided updated guidance for 2024 and Q3, expecting continued growth. The stock rose 6.47% following the announcement.

Portfolio Pulse from Vandana Singh

August 06, 2024 | 1:59 pm

PLTR

Dan Ives from Wedbush has raised the price target for Palantir Technologies Inc. (NYSE:PLTR) from $35 to $38, with a bullish case of $50, following a transformative quarter driven by the success of its Artificial Intelligence Platform (AIP) and the launch of a new software platform, 'Warp Speed.' Palantir reported an 83% YoY increase in U.S. commercial customers.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 1:51 pm

BTCUSD

ETHUSD

Bitwise CIO Matt Hougan views the recent crypto market sell-off as a buying opportunity, drawing parallels to the March 2020 market crash. He believes economic factors are behind Bitcoin and Ethereum's recent losses and expects a potential Federal Reserve rate cut. Hougan remains optimistic about crypto's long-term prospects.

Portfolio Pulse from Khyathi Dalal

August 06, 2024 | 1:48 pm

HSIC

Henry Schein Inc (NASDAQ:HSIC) reported mixed Q2 earnings with adjusted EPS of $1.23, slightly beating expectations, but sales of $3.10 billion missed the consensus. The company cut its 2024 guidance due to slower recovery from a cyberattack and challenging economic conditions. HSIC stock fell by 5.91%.

Portfolio Pulse from Vandana Singh

August 06, 2024 | 1:43 pm

ESTC

Elastic (NYSE: ESTC) has introduced a new feature called Automatic Import, which accelerates the onboarding of SIEM data by automating custom data integrations. This feature significantly reduces the time required for data integration, enhancing the adoption of AI-driven security analytics.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:38 pm

FTNT

Fortinet (NASDAQ:FTNT) has acquired Next DLP to enhance its unified SASE solution and strengthen its position in the enterprise data loss prevention market. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:34 pm

SMXT

SolarMax Technology, Inc. (NASDAQ: SMXT) has signed a non-binding MOU for its first major commercial solar installation project in the U.S., located in Las Vegas. The project includes a 4.27-megawatt photovoltaic solar power plant, a 2.0 megawatt energy storage system, and 10 advanced electric vehicle charging stations. This marks a significant milestone for SolarMax as it aims to capitalize on the growing U.S. solar market.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:33 pm

BA

The U.S. National Transportation Safety Board (NTSB) has released documents from its investigation into a January accident involving a Boeing 737 MAX 9. A Federal Aviation Administration (FAA) safety inspector highlighted a systemic issue of employees not following instructions. Boeing executive Lund noted that 737 MAX production fell to 8 planes per month after the incident but increased to 'in the low 20s' by June.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:32 pm

MRVL

MSFT

Microsoft is integrating Marvell's NIST FIPS 140-3 Level-3 compliant LiquidSecurity HSMs into its Azure Key Vault and Managed HSM services. This update enhances Microsoft's security offerings and aligns with stringent security standards required by financial institutions and government organizations.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:31 pm