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NTRA

Natera, Inc. has announced that a leading Blue Cross Blue Shield (BCBS) plan will now provide commercial coverage for its Prospera Kidney and Prospera Heart tests. This development marks a significant milestone for Natera, potentially increasing the adoption and usage of these tests in clinical settings.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:09 pm

RKLB

VSAT

Viasat Inc. (VSAT) has partnered with Rocket Lab USA, Inc (RKLB) to support NASA's CSP program, demonstrating multi-band space-relay capabilities for LEO satellites. The partnership, valued at $80 million, aims to reduce data latency and increase throughput for LEO space missions. Viasat's solutions include the Real-Time Space Relay and InCommand system, utilizing its Ka- and L-band networks. Rocket Lab will provide a spacecraft bus, mission operation support, and develop a new L-band radio for the InCommand system. The demonstration mission is scheduled for early 2026.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:08 pm

AEO

American Eagle Outfitters reported a 6% increase in Q4 comparable sales, with Aerie's comparable sales up 13%. Total net revenue rose 12% to $1.7 billion, aided by a 53rd week contributing $57 million. Store revenue increased by 10%, and total digital revenue grew by 19%. Aerie's revenue rose 16% to $538 million, while American Eagle's revenue increased 11% to $1.1 billion.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:06 pm

COMM

CommScope announced plans to expand its U.S.-based manufacturing capabilities for fiber connectivity products, aiming to meet the demand from BEAD-funded projects starting in the summer of 2024.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:05 pm

DDS

Dillard's has announced the launch of Katherine Mason for Kinesis, a new product line available in Dillard's locations nationwide and online at dillards.com. This expansion could potentially attract a new customer base and increase sales both in-store and online.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:04 pm

NICE

Nice has expanded its global infrastructure by launching a second CXone cloud region in Japan, aiming to enhance customer experience solutions in the region.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:03 pm

ARM

ARM Holdings (NASDAQ:ARM) received mixed analyst ratings with a trend towards bullish sentiment. The average 12-month price target is $108.93, marking a 37.89% increase from the previous target. Analysts from firms like Mizuho, New Street Research, and Goldman Sachs adjusted their ratings and price targets, reflecting optimism about ARM's market performance and financial health. ARM's architecture is pivotal in the smartphone CPU market, and its financials show solid revenue growth but below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:01 pm

EHC

Encompass Health (EHC) and Piedmont have announced receiving a Certificate of Need for constructing a 40-bed inpatient rehabilitation hospital in Loganville, Georgia. This development marks a significant step in expanding their healthcare services in the region.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:55 pm

NVO

Novo Nordisk's shares surged following the announcement of positive results from a Phase 1 trial of its experimental drug Amycretin, which resulted in participants losing 13.1% of their weight after 12 weeks.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:50 pm

SPRC

SciSparc announced the completion of the granting and validation process for its core-technology patent in certain European countries. This development could potentially enhance the company's intellectual property position and market competitiveness in Europe.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:50 pm