Streetbeat News

Revenues

CCOI

7 analysts have recently provided ratings for Cogent Comms Hldgs (NASDAQ:CCOI), with a mix of bullish and bearish perspectives. The average 12-month price target is $72.43, reflecting a 3.96% increase from the previous target. Analysts from firms like Citigroup, B of A Securities, and JP Morgan have raised their price targets, indicating a positive outlook. Cogent Comms Hldgs has shown a positive revenue growth rate of 8.61% as of June 30, 2024, but faces challenges with a net margin of -12.42%, ROE of -7.06%, and ROA of -1.0%. The company's debt-to-equity ratio is 5.38, below the industry average.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 12:00 pm

PSNL

Personalis (NASDAQ:PSNL) has received diverse analyst ratings over the past three months, with all four analysts currently bullish. The average 12-month price target has increased to $6.69, with a high of $9.00 and a low of $3.50. Recent actions by analysts include raising price targets and maintaining 'Buy' ratings. Personalis has shown significant revenue growth but faces challenges with ROE and ROA.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 12:00 pm

AMZN

COST

CVS

WBA

WMT

Retail pharmacy chains like CVS Health and Walgreens Boots Alliance are facing significant challenges due to shifting consumer habits, operational inefficiencies, and financial pressures. Declining prescription drug reimbursement rates, competition from e-commerce giants like Amazon, and inflation are eroding profit margins. CVS is dealing with losses in its insurance business and has announced cost cuts, while Walgreens is struggling with its primary care push. Both companies are seeing reduced sales as consumers turn to cheaper alternatives like Walmart and Costco.

Portfolio Pulse from Vandana Singh

August 19, 2024 | 11:43 am

MAR

SOND

Sonder has entered a long-term strategic licensing agreement with Marriott, expecting significant revenue opportunities and operating efficiencies. Over 9,000 Sonder units will join the Marriott portfolio by the end of 2024, with an additional 1,500 units anticipated later. The integration will be fully completed by 2025, with Marriott.com supporting Sonder's digital platforms by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:15 am

CRGO

Freightos has announced its Q3 revenue expectations to be between $5.9M and $6.0M, slightly above the estimated $5.964M. The company has also revised its FY24 revenue range from $22.4M - $24.0M to $23.4M - $23.7M, which is higher than the estimated $23.267M.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:09 am

ASPN

AU

UAMY

Three materials sector stocks, Aspen Aerogels Inc (ASPN), Anglogold Ashanti PLC (AU), and United States Antimony Corporation (UAMY), are showing overbought signals with high RSI values, indicating potential short-term price declines. Despite recent gains, investors should be cautious.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 11:07 am

INVE

Identiv, Inc. (NASDAQ:INVE) has received approval from the Committee on Foreign Investment in the United States (CFIUS) to sell its Physical Security Business to Vitaprotech for $145 million. The transaction is expected to close within 30 days, significantly strengthening Identiv's financial position and allowing it to focus on its IoT solutions business.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:07 am

CRGO

Freightos (NASDAQ:CRGO) reported Q2 sales of $5.66 million, surpassing the analyst consensus estimate of $5.52 million by 2.57%.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:03 am

EXK

Endeavour Silver Corp. (NYSE: EXK) has resumed operations at its Guanacevi mine following a ball mill failure. Temporary modifications have been made to maintain partial production, but output for 2024 is expected to be lower. The company anticipates a cash shortfall of less than $5 million over a 15-week period and has withdrawn its cost guidance for 2024.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:56 am

EL

Estée Lauder Companies (EL) has released its Q1 fiscal 2025 outlook, projecting a decrease in both reported and organic net sales by 5% to 3% compared to the prior year. Adjusted diluted net earnings per share are expected to range between $0.01 and $0.09, significantly below the $0.66 estimate. The company also anticipates restructuring charges between $54 million to $59 million.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:56 am