Streetbeat News

Products Services

AIRG

Airgain, Inc. (NASDAQ:AIRG) has entered into an agreement with Mouser Electronics to distribute its wireless and IoT products globally. This partnership aims to make Airgain's innovative products, such as NimbeLink embedded modems and antennas, more accessible to design engineers worldwide. The collaboration is expected to expand Airgain's reach and provide design engineers with more resources during the design and testing phases.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:09 pm

JYD

Jayud Global Logistics Limited (NASDAQ:JYD) has announced the acquisition of a 51% controlling interest in HYTX Warehouse Inc, marking its expansion into the North American logistics market. This move is aimed at capitalizing on the expected global e-commerce logistics growth of over 10% per year. The acquisition is performance-based, with payment to be made partly in cash and partly in Jayud ordinary shares in 2027. This strategic acquisition positions Jayud to benefit from the booming e-commerce and air cargo demand, with HYTX's expertise expected to enhance Jayud's logistics services.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:08 pm

BLND

CYCC

MED

MRIN

WGS

GeneDx Holdings Corp. (NASDAQ:WGS) shares surged 37.4% in pre-market trading after reporting Q1 financial results that exceeded analyst expectations and raising its FY2024 sales guidance. Other stocks also showed significant movement in pre-market trading, with notable gainers including Cyclacel Pharmaceuticals, Greenwave Technology Solutions, and Marin Software, among others. Losers in pre-market trading included Lichen China Limited, Medifast, and iClick Interactive Asia Group.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 12:08 pm

GAME

GameSquare has partnered with Dairy MAX to launch the UEFN World Building Map campaign in Fortnite's Farm Tycoon, aiming to engage gamers in an innovative way.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:08 pm

TRS

TriMas Corporation reaffirmed its FY24 adjusted EPS outlook of $1.95-$2.15, aligning with the $2.00 estimate. The company anticipates a gradual recovery in consumer goods and industrial markets, robust demand in aerospace and defense, and expects performance in Packaging and Aerospace to offset softer demand in Specialty Products.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:07 pm

EGRX

Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) announced it will present a Trial in Progress on its Phase 2/3 study of intravenous amisulpride for preventing postoperative nausea and vomiting in pediatric patients at the SAMBA 2024 Annual Meeting. The study targets patients from birth to 17 years and aims to share preliminary results in the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:06 pm

TSLA

Tesla Inc's (NASDAQ:TSLA) vehicle registrations in California dropped 8% in Q1, marking a second consecutive quarterly decline. Despite this, Tesla's Model Y remains the best-selling EV in the state. Overall, BEV registrations in California increased by 2.8%, with luxury brands and Rivian Automotive seeing gains. Tesla's market share within the BEV segment decreased to 55.4% from 61.8%. Globally, Tesla's deliveries fell 8.5% year-on-year in Q1, the first quarterly drop in about four years. CEO Elon Musk anticipates higher sales for the year compared to 2023.

Portfolio Pulse from Anan Ashraf

April 30, 2024 | 12:03 pm

ROKU

TTD

Roku and The Trade Desk have announced a new partnership aimed at enhancing data-driven TV streaming advertising. This collaboration will leverage Roku's extensive streaming platform and The Trade Desk's advertising technology to offer advertisers more targeted and effective advertising solutions. The partnership is expected to benefit both companies by expanding their advertising capabilities and potentially increasing their revenue from ad sales.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:01 pm

SOFI

Analysts have provided mixed ratings for SoFi Technologies (NASDAQ:SOFI) with a current average price target of $8.06, down 19.4% from the previous $10.00. The company's financial performance shows a 31.57% revenue growth, a net margin of 6.28%, but lower ROE and ROA compared to industry averages. SoFi, known for its diverse financial services, aims to be a one-stop financial solution, leveraging its acquisition of Galileo for enhanced services.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:00 pm

KSPI

Kaspi.kz has entered into a partnership with Alipay+ to enable QR payments for its users across China, aiming to enhance cross-border transactions and improve customer experience.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:45 am