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ILMN

Nine analysts have recently rated Illumina (NASDAQ:ILMN), with a mix of bullish to bearish sentiments. The average 12-month price target is now $168.11, a 13.79% decrease from the previous $195.00 target. Analysts from firms like RBC Capital, Guggenheim, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Illumina specializes in genetic analysis tools and services, with the majority of its revenue from sequencing. Despite positive revenue growth, the company's market capitalization, net margin, ROE, and ROA are below industry benchmarks, although it has a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 12:00 pm

LE

Lands' End has launched an exclusive women's swimwear collection featuring nearly 70 pieces, which will be available for purchase at Target stores.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:55 am

QCOM

OnePlus has launched the Ace 3 smartphone in China, featuring a Qualcomm Snapdragon 8 Gen 2 chipset, OLED display, up to 16GB RAM, 1TB storage, and a 5,500mAh battery. The Ace 3, similar to the OnePlus 12 but without wireless charging, promises over 80% battery capacity after four years. It will be sold globally as the OnePlus 12R, competing with Samsung's Galaxy S24. The OnePlus 12R is expected to launch on Jan. 23, while Samsung's Galaxy S24 will launch on Jan. 17.

Portfolio Pulse from Rounak Jain

January 04, 2024 | 11:52 am

ZOM

Zomedica has announced the publication of an article that validates the use of PulseVet's electro-hydraulic shock wave therapy in dogs without the need for sedation. This development could enhance the adoption of the therapy in veterinary practices, as it simplifies the treatment process.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:39 am

AAPL

SSNLF

Apple Inc. (AAPL) continues to lead the premium smartphone market with a 71% share in 2023, despite a slight decline from 75% in 2022 due to Huawei's resurgence in China with the Mate 60 series. The premium market, with phones over $600, is expected to make up a quarter of global sales and 60% of revenue in 2023. The ultra-premium segment, above $1,000, is driving growth, particularly in China, Western Europe, India, and the Middle East and Africa, with India growing the fastest. This growth occurs despite a general slowdown in smartphone sales, with consumers opting for higher quality, longer-lasting devices.

Portfolio Pulse from Rounak Jain

January 04, 2024 | 11:36 am

NFGC

New Found Gold Corp. announced an expansion of the exploration program at its wholly-owned Queensway Project, located along the Trans-Canada Highway in Newfoundland.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:35 am

AULT

Ault Alliance's subsidiary Sentinum mined approximately 151 Bitcoin in December 2023, reaching a record monthly run rate of $6.5 million.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:33 am

GIB

CGI, also known as GIB on the NYSE, has been chosen by NATS, the UK's air traffic control service, to assist in transforming its digital infrastructure. This partnership aims to modernize the technological framework that supports air traffic management in the UK.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:32 am

CR

Crane Company (NYSE:CR) has acquired Vian Enterprises, Inc. for approximately $103 million, aiming to enhance its aerospace and defense offerings. Vian, known for its lubrication pumps and system components, reported trailing 12-month sales of $33 million and adjusted EBITDA of $8 million. The acquisition is expected to be financed through Crane's revolving credit facility and is anticipated to be immediately accretive to its Aerospace & Electronics segment EBITDA margins. Crane will discuss the acquisition further in its Q4 FY23 results on January 29, 2024. As of September 30, 2023, Crane had a cash balance of $274 million and total debt of $250 million. CR shares dropped by 2.75% to $113.70.

Portfolio Pulse from Lekha Gupta

January 04, 2024 | 11:13 am

SG

Sweetgreen has initiated a marketing campaign titled 'New Year, Full You', which features a new twist on a popular menu item. This campaign is likely aimed at attracting customers and boosting sales by leveraging the common New Year's resolution trend where individuals aim to eat healthier.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:06 am