Streetbeat News

Revenues

PRSO

In the past three months, four analysts have rated Peraso (NASDAQ:PRSO), with all ratings being somewhat bullish. The average 12-month price target is $4.00, consistent with previous estimates. Peraso, a fabless semiconductor company, has shown significant revenue growth but faces challenges with negative net margins and returns. The company's debt management is strong with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 1:00 pm

SPY

The USA Redbook year-over-year growth rate increased to 5.3% from the previous 4.4%, indicating a rise in retail sales. This data can influence market sentiment and impact ETFs like SPY, which tracks the S&P 500 index.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:57 pm

CNTM

ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) has entered a Master Services Agreement with Devlin Energy, expected to add over $20 million in revenue in the next year. The agreement includes an option for ConnectM to acquire Devlin Energy, contingent on meeting specific financial targets.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:35 pm

STNG

Scorpio Tankers has announced a $73.5 million agreement to sell one of its vessels. This move is part of the company's strategy to optimize its fleet and improve financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:33 pm

AISP

Airship AI has been awarded a $4 million contract by an agency within the Department of Homeland Security. This contract signifies a significant business development for the company.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:33 pm

GP

GreenPower Motor Company Inc. has received a follow-on order for 10 EV Star Passenger Vans from Washington University in St. Louis, enhancing its presence in the electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:32 pm

CETX

Cemtrex's Advanced Industrial Services has secured a $4.5 million contract for the Elizabethtown Training Academy project, covering both Phase 1 and Phase 2. This contract is with the Department of General Services.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:32 pm

BKSY

BlackSky Technology Inc. (NYSE:BKSY) has secured a $6 million contract expansion with an international defense sector customer, increasing the annual subscription to nearly $18 million for its Gen-2 satellite imagery services. This expansion comes as BlackSky prepares to launch its advanced Gen-3 capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:32 pm

PRZO

ParaZero has secured a new order for its advanced counter-drone system from a global defense and intelligence OEM, highlighting the growing demand for counter-unmanned aerial systems (C-UAS) solutions.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:18 pm

CI

CVS

UNH

CVS Health is considering restructuring by potentially splitting its retail and insurance divisions to address financial challenges. The company faces investor pressure and a valuation gap compared to competitors like UnitedHealth and Cigna. Discussions include possibly unwinding the $70 billion Aetna acquisition. CVS Health's stock rose 2.21% in premarket trading.

Portfolio Pulse from Vandana Singh

October 01, 2024 | 12:10 pm