Streetbeat News

Products Services

NKLA

Nikola Corporation has announced the opening of its HYLA modular refueling station in Southern California, marking a significant step in the company's expansion of hydrogen fuel infrastructure. This development is expected to support the adoption of hydrogen fuel cell vehicles by providing essential refueling infrastructure.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:18 pm

DIS

NFLX

Disney (NYSE:DIS) reported its fiscal second quarter earnings, surpassing analyst estimates with its streaming services, Disney+ and Hulu, achieving profitability for the first time, excluding ESPN. Despite this, Disney's shares fell 10% due to overall revenue disappointment and a soft guidance for the next quarter's experiences segment. Revenue grew 1% YoY to $22.08 billion, slightly missing estimates. Theme parks performed well, but higher labor costs impacted profits. Disney's streaming business saw significant improvement, with a notable increase in Disney+ subscribers. However, content sales and licensing revenue dropped 40%. Disney anticipates its streaming segment to reach profitability in the fourth quarter and become a key growth driver.

Portfolio Pulse from Upwallstreet

May 08, 2024 | 12:17 pm

IMNN

IMUNON, Inc. (NASDAQ:IMNN), a clinical-stage drug-development company, announced Stacy R. Lindborg, Ph.D. as its new President and CEO, effective May 13, 2024. Lindborg, with nearly 30 years in the pharmaceutical and biotech industry, brings extensive experience in drug development and business strategy. She joins IMUNON from BrainStorm Cell Therapeutics, where she was Executive Vice President and Co-Chief Executive Officer. IMUNON is at a pivotal point, expecting topline results from its Phase 2 OVATION 2 Study in advanced ovarian cancer by mid-summer and Phase 1 data from its COVID-19 vaccine by year-end.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:14 pm

CGNT

Cognyte Software Ltd. (NASDAQ:CGNT) has secured an approximately $5 million follow-on order from a national intelligence organization in the EMEA region for its investigative analytics software. This marks the third order from this customer in the past year, highlighting the effectiveness and value of Cognyte's technology in enhancing operational efficiency and addressing security threats. The ongoing partnership and repeated orders demonstrate the customer's confidence in Cognyte's solutions.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:13 pm

NKLA

Nikola Corp (NASDAQ:NKLA) reported a rise in the average sales price of its fuel cell electric vehicle (FCEV) trucks by $30,000 in Q1 compared to the previous quarter, reaching $381,000. Unlike other EV makers facing price drops amid a price war, Nikola plans to maintain flexibility in pricing for large fleet deals to expand its customer base beyond California and Canada. The company aims to target fleets with over 1000 trucks and is open to adjusting prices for significant deals. Nikola wholesaled 40 trucks, produced 43, and reported a Q1 revenue of $7.5 million with a net loss of $147.7 million. Nikola's stock fell 5.4% to $0.6 on Tuesday, marking a nearly 27% decline year-to-date.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 12:12 pm

ORCL

Oracle has introduced a new AI-powered upskilling solution named Oracle Grow for Business Leaders, aimed at enhancing employee development and organizational agility. This solution is part of the Oracle ME platform within Oracle Fusion Cloud Human Capital Management (HCM) and is designed to help business leaders quickly upskill their teams to better meet business outcomes.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:10 pm

SLNH

Soluna Holdings, Inc. (NASDAQ:SLNH), a developer of green data centers for Bitcoin mining and intensive computing, announced a collaboration with a leading global enterprise GPU-Server OEM and AI infrastructure-as-a-service provider. This partnership will see the launch of Soluna Cloud, focusing on sustainable, scalable AI Cloud and hosting services, utilizing NVIDIA H100 GPUs and renewable-powered data centers for large-scale AI projects. The collaboration aims to deliver energy-efficient supercomputers and expand Soluna Cloud's offerings to include comprehensive software solutions for AI pipelines.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:09 pm

MSFT

President Joe Biden and Microsoft Corp. President Brad Smith are set to announce a $3.3 billion investment in an artificial intelligence data center in Racine County, Wisconsin. This investment is on the same land where a failed tech project by Foxconn, a supplier for Apple, was initially planned. The announcement is part of Biden's efforts to promote bipartisan infrastructure and semiconductor subsidies, aiming to boost domestic manufacturing and investments across the U.S. This move is also seen as crucial for Biden's reelection campaign, especially in the key battleground state of Wisconsin.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 12:08 pm

COIN

THCP

Japanese cryptocurrency exchange Coincheck is set to list on the Nasdaq through a merger with SPAC Thunder Bridge Capital Partners IV (THCP), aiming for completion in Q2 or Q3 2024. This move, indicative of the growing mainstream adoption of digital assets, will see Coincheck trading under the ticker symbol 'CNCK'. The merger is expected to enhance Coincheck's global visibility and credibility, positioning it alongside other publicly traded exchanges like Coinbase Inc. (NASDAQ:COIN).

Portfolio Pulse from Murtuza Merchant

May 08, 2024 | 12:08 pm

VRNOF

Verano Holdings Corp. reported a 3% year-over-year revenue decline for Q1 2024, totaling $221 million, attributed mainly to expected drops in New Jersey retail, offset by strong wholesale performance. Despite the decline, the company exceeded its guidance and highlighted potential growth opportunities with upcoming legislative changes in key markets. Gross profit increased to $113 million, and the net loss improved to $5 million. The company anticipates flat to low single-digit revenue growth for Q2 2024.

Portfolio Pulse from Nina Zdinjak

May 08, 2024 | 12:05 pm