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CSCO

Cisco Systems, Inc. (NASDAQ:CSCO) has launched Cisco Hypershield, a significant security innovation aimed at securing data centers and clouds amidst the AI revolution. Hypershield enhances security by transforming network ports into security enforcement points, protecting applications, devices, and data across various environments. It addresses key challenges such as Distributed Exploit Protection, Autonomous Segmentation, and Self-qualifying Upgrades. Cisco's Chair and CEO, Chuck Robbins, highlighted the company's unique position to leverage AI due to its data advantage and strength in security, infrastructure, and observability platforms. Following the announcement, CSCO shares saw a 0.46% increase to $48.01.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 3:53 pm

ALRN

Aileron Therapeutics has filed a U.S. patent application (#20240124518) for methods of preparing purified polypeptide compositions. This development could potentially enhance the company's intellectual property portfolio and strengthen its position in the biopharmaceutical sector.

Portfolio Pulse from Charles Gross

April 18, 2024 | 3:50 pm

ALK

Alaska Air's executive mentioned uncertainty around aircraft delivery timings following a grounding, leading to the extension of retirements for several older aircraft. However, Q2 bookings are encouraging with healthy yields in April and beyond. The latter half of the year is expected to perform well due to industry capacity constraints.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:50 pm

NIO

Benzinga's options scanner revealed significant bullish activity on NIO (NYSE:NIO) with 70% of big-money traders showing a bullish sentiment. The analysis of options trades and open interest suggests a target price range of $2.5 to $25.0 for NIO. The company, a leading electric vehicle maker, has sold over 160,000 EVs in 2023, capturing about 2% of China's new energy vehicle market. Despite the bullish options activity, analysts have mixed views, with an average target price of $4.5, and recent downgrades from Barclays and Macquarie.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 3:48 pm

RTX

RTX Corp has signed its largest renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America, to supply 100% renewable electricity to 12 of its Texas facilities until 2033. This deal nearly doubles RTX's renewable electricity usage in 2023 and will reduce its carbon emissions by 560,000 metric tons, supporting its goals for 2025 and 2030 in renewable energy usage and greenhouse gas reduction.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 3:48 pm

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) shares dropped significantly after announcing a licensing agreement with a top-three consumer electronics leader for its WiSA E software, enabling immersive audio in devices without extra hardware. This agreement, expected to generate revenue through royalties and consumer activations, marks the company's fourth major licensing deal. Additionally, WiSA's stock underwent a 1-for-150 reverse split, trading lower by 33.4% at $6.17.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 3:43 pm

USDTUSD

Tether, the world's largest stablecoin creator, is restructuring into four divisions to expand its focus beyond stablecoins. The divisions include Data, focusing on AI investments; Finance, managing the USDT stablecoin; Power, overseeing Bitcoin mining investments; and Education, for educational activities. This move comes amid criticisms of Tether's transparency and reports of USDT being used to fund war activities by a Russian operative. Tether reported $6.2 billion in profits in its 2023 annual report, with significant USDT usage in countries like Brazil and Nigeria.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 3:40 pm

ALK

BA

Alaska Air's CEO announced during a conference call that they will hold Boeing to the highest standards for quality directly from the factory, emphasizing the importance of aircraft quality and safety.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:40 pm

AGBA

AILE

LVS

SPCB

Las Vegas Sands Corp. (LVS) shares fell by around 7% despite reporting better-than-expected Q1 results, with earnings of 75 cents per share and sales of $2.96 billion. Other stocks also showed significant movement, with AGBA Group Holding Limited (AGBA) and Tian Ruixiang Holdings Ltd (TIRX) among the top gainers, while iLearningEngines Holdings, Inc. (AILE) and SuperCom Ltd (SPCB) led the losers.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 3:32 pm

OCUL

Ocular Therapeutix's stock trades lower following the announcement of topline results from the Phase 1 HELIOS study of AXPAXLI in patients with moderately severe to severe non-proliferative diabetic retinopathy.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:31 pm