Streetbeat News

Revenues

OPTX

Syntec Optics reported Q2 2024 net sales of $7.01 million, up from $6.26 million year-over-year. The company also reported an EPS of $0.01, compared to $(0.03) in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:14 pm

WMT

Walmart Inc (NYSE:WMT) is set to report its Q2 earnings, with analysts expecting revenue of $168.57 billion and earnings per share of 64 cents. The company has a strong track record of beating estimates and is seen as a 'safe haven' in weak markets. Analysts are optimistic about Walmart's performance, citing potential for higher customer counts and increased ecommerce and advertising revenue.

Portfolio Pulse from Chris Katje

August 14, 2024 | 7:07 pm

BKKT

Bakkt Holdings shares are trading lower after the company reported worse-than-expected Q2 EPS results and cut its FY24 crypto revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:05 pm

FILUSD

Filecoin (CRYPTO: FIL) has fallen 3.19% in the past 24 hours to $3.59, despite an 8.0% gain over the past week. Trading volume decreased by 22.0% over the week, while circulating supply increased by 0.08%. Filecoin's market cap is $2.07 billion, ranking it #41.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 7:02 pm

STXUSD

Stacks (CRYPTO: STX) has experienced a 5.99% price drop in the past 24 hours, falling to $1.47. This contrasts with its 12.0% gain over the past week. Trading volume has decreased by 37.0%, and the circulating supply has slightly decreased by 0.06%. The current market cap is $2.18 billion, ranking STX at #40.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 7:02 pm

NCNO

Analysts' ratings for Ncino (NASDAQ:NCNO) over the last quarter show a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $39.25, reflecting a 2.51% rise. Key analysts have adjusted their ratings and price targets, with some raising and others maintaining their positions. Ncino has shown positive revenue growth and strong financial health indicators, despite being smaller in market capitalization compared to peers.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 7:00 pm

VALN

In the past three months, 8 analysts have rated Valneva (NASDAQ:VALN), all giving it a 'Buy' rating. The average 12-month price target remains at $26.00. Despite a recent revenue decline of -2.25%, Valneva shows strong financial health with high net margins, ROE, and ROA, but carries a substantial debt load.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 7:00 pm

DOGEUSD

Dogecoin's price has fallen 3.04% in the past 24 hours to $0.10, despite a 7.0% gain over the past week. Trading volume has decreased by 41.0% over the past week, while the circulating supply has increased by 0.35%. Dogecoin's market cap is currently ranked #10 at $14.95 billion.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 7:00 pm

K

Mars is set to acquire Kellanova (NYSE:K) for $36 billion, or $83.50 a share. This acquisition will add brands like Pop-Tarts, Eggo Waffles, and Pringles to Mars' portfolio, potentially making it the third-largest American private company by revenue. Kellanova reported around $13 billion in revenue last year, while Mars' annual revenue was around $45 billion.

Portfolio Pulse from Aaron Bry

August 14, 2024 | 6:43 pm

SE

BofA Securities analyst Sachin Salgaonkar reiterated a Buy rating on Sea Limited (NYSE:SE), raising the price target to $84 from $77. Sea Limited reported a 23% YoY revenue growth for Q2, beating estimates. The company is expected to benefit from e-commerce growth in Southeast Asia and expansion into Brazil. The analyst revised FY24/25 EPS estimates and target multiples for gaming and Shopee, indicating improved business momentum.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2024 | 6:35 pm