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Revenues

DOX

ORCL

AT&T Mexico has completed a major cloud transformation of its Amdocs Customer Experience Suite (CES) systems to Oracle Cloud Infrastructure (OCI). This migration is expected to facilitate new business models and reduce operational costs.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:09 pm

EDUC

Educational Development Corporation (NASDAQ:EDUC) has announced a sale and leaseback agreement for its headquarters and warehouse facility, the Hilti Complex, for $35.5 million. The proceeds will be used to pay off existing loans.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:08 pm

AAPL

GOOG

GOOGL

MSFT

NVDA

Apple Inc. (NASDAQ:AAPL) has become the first brand to surpass $1 trillion in brand value, according to Kantar’s BrandZ rankings. This marks a 15% increase from the previous year. Apple retains its top spot for the third consecutive year, followed by Alphabet Inc.'s Google (NASDAQ:GOOG, GOOGL) and Microsoft Corp. (NASDAQ:MSFT). Nvidia Corp. (NASDAQ:NVDA) also made its debut in the top 10 most valuable brands, with its brand value nearly tripling to over $200 billion.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 12:08 pm

AMSC

AMSC has secured a $75 million multi-year contract with Irving Shipbuilding to provide ship protection systems and engineering support for the Royal Canadian Navy. The first delivery is expected in 2026.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:06 pm

VRA

Vera Bradley has provided its financial guidance for FY25, projecting revenue between $460 million and $480 million, compared to the estimated $474.43 million. The company also expects EPS to be in the range of $0.54 to $0.62, versus the estimated $0.58.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:05 pm

EOLS

Evolus, Inc. (NASDAQ:EOLS) has launched its botulinum toxin type A product, Nuceiva®, in Spain, marking a significant step in its geographic expansion strategy. This move targets one of the largest aesthetic toxin injectable markets in Europe.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:04 pm

SMID

Smith-Midland Corporation (NASDAQ:SMID) has secured a $7.5 million contract to provide precast concrete noise walls for a Georgia Department of Transportation project.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:04 pm

NGG

PCYO

The article highlights two oversold utility stocks, National Grid plc (NYSE:NGG) and Pure Cycle Corporation (NASDAQ:PCYO), which may present buying opportunities. National Grid reported a significant equity raise and a decrease in full-year revenue, while Pure Cycle posted an increase in quarterly sales driven by its Sky Ranch Master Planned community.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 11:58 am

AAL

LUV

UAL

Southwest Airlines (NYSE:LUV) is under pressure from Elliott Investment Management, which recently acquired a $1.9 billion stake, to reconsider its 'bags fly free' policy. Elliott is pushing for strategic changes, including the introduction of baggage fees, which could impact Southwest's customer loyalty. The airline's CEO, Bob Jordan, reaffirmed the commitment to the free bag policy, but potential compromises may be on the horizon.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 11:54 am

NXPI

SOXX

TSM

VWO

Taiwan Semiconductor Manufacturing Co (TSMC) plans to hire 2,000 employees in Europe through its subsidiary, European Semiconductor Manufacturing Co (ESMC). This move is part of a joint venture with Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors NV. The joint venture aims to build a 12-inch wafer fab in Dresden, with mass production expected by the end of 2027. TSMC has seen significant growth, with a 30% sales increase in May and a 55% stock gain over the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 11:46 am