Streetbeat News

Revenues

RUM

Rumble Inc (NASDAQ:RUM) shares are volatile after reporting better-than-expected Q2 results. Revenue was $22.469 million, beating estimates of $19.69 million, and the loss per share was 13 cents, better than the expected 15 cents. Despite a year-over-year revenue decline, the company saw a 27% sequential increase and a rise in average monthly active users to 53 million. Rumble also set new records for concurrent livestream viewers during the first presidential debate. The company ended the quarter with $154.2 million in cash and marketable securities. Wedbush reiterated a Neutral rating with an $8 price target.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 3:06 pm

ILMN

Illumina and the Broad Institute of MIT and Harvard have announced a research partnership to advance single-cell sequencing. Illumina expects this strategy to accelerate its revenue growth to high single digits by 2027.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:04 pm

BA

Boeing has delivered 218 airplanes year-to-date through July, including 166 MAX models. In July, Boeing reported 43 commercial jet deliveries, matching last year's numbers, with 31 being 737 MAX. The company received 228 gross aircraft orders through July, with 72 in July alone, including 57 for the 737 MAX. After cancellations and conversions, net orders stand at 186. Boeing also delivered six 787 jets in July, with one 737 MAX cancellation from Aerolineas Argentinas.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:04 pm

PBF

Over the past three months, 7 analysts have provided mixed evaluations of PBF Energy (NYSE:PBF), with most ratings being indifferent. Analysts have lowered their 12-month price targets, with the current average target at $51.29, down from $58.14. Key analysts from firms like UBS, Scotiabank, JP Morgan, Goldman Sachs, Mizuho, Piper Sandler, and Wells Fargo have all lowered their price targets. PBF Energy faces challenges in revenue growth and return on equity, but maintains a strong net margin and prudent debt management.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:01 pm

DOTUSD

Polkadot (CRYPTO: DOT) has seen a 3.1% price drop in the past 24 hours, contrasting with a 2.0% uptrend over the past week. Trading volume has decreased by 57.0%, and the circulating supply has slightly decreased by 0.06%. The current market cap ranking for DOT is #17 at $6.32 billion.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:01 pm

AMD

The article provides a comprehensive comparison of Advanced Micro Devices (AMD) with its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth are analyzed. AMD shows a higher P/E ratio but lower P/B and P/S ratios compared to the industry average. The company has a lower ROE, EBITDA, and gross profit, indicating potential inefficiencies and financial challenges. However, AMD has a lower debt-to-equity ratio, suggesting a stronger financial position.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:00 pm

LMT

Lockheed Martin (NYSE:LMT) has outperformed the market over the past 10 years with an average annual return of 12.39%, surpassing the market by 1.91% annually. A $1000 investment in LMT 10 years ago would be worth $3,228.49 today.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:00 pm

PSA

Public Storage (NYSE:PSA) has outperformed the market over the past 20 years with an average annual return of 9.67%, resulting in a $1000 investment growing to $6,427.19. The company currently has a market capitalization of $55.15 billion.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:00 pm

REGN

The article provides an in-depth analysis of Regeneron Pharmaceuticals (NASDAQ:REGN) compared to its peers in the Biotechnology sector. Key financial metrics indicate that REGN is potentially undervalued with strong profitability and operational efficiency, but its revenue growth lags behind the industry average.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:00 pm

ILMN

Illumina projects at least 10% total EPS growth over the next three years and unveils a strategy aimed at achieving 8%-9% sales growth by 2027.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:00 pm