Streetbeat News

Revenues

RBRK

Rubrik shares are trading higher after the company reported a year-over-year increase in Q1 sales results and issued Q2 revenue guidance above estimates. Additionally, the company provided FY25 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:43 am

LTRN

Lantern estimates that their drug LP-284 has the potential to improve outcomes for 40,000 to 80,000 patients with blood cancers annually, with a global annual market potential of $4 billion.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:40 am

DNNGY

TSLA

Orsted (OTC:DNNGY) is investing in a Tesla (NASDAQ:TSLA) battery energy storage system to stabilize the U.K. energy supply and reduce price volatility. The system will be installed at the Hornsea 3 Offshore Wind Farm and is expected to be operational by the end of 2026.

Portfolio Pulse from Lekha Gupta

June 12, 2024 | 11:38 am

VVOS

Vivos Therapeutics has announced the closing of a $7.5 million at-the-market private equity-backed investment. Additionally, the company has launched a strategic marketing and distribution alliance.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:38 am

XOMA

XOMA received an $8.1M milestone payment from Viracta Therapeutics, Inc., related to Day One Biopharmaceuticals' sale of its Priority Review Voucher (PRV) for $108M to an undisclosed buyer.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:32 am

DORM

Dorman Products has announced the grand opening of a new drive shaft manufacturing facility in Virginia Beach, Virginia.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:04 am

SSNC

SS&C Technologies Holdings, Inc. (SSNC) has expanded its global footprint by opening a new office in Gujarat International Finance Tec-City (GIFT City), India. This new office will complement SS&C's extensive fund administration business in India, where it services over $19 billion in assets and employs 7,500 staff across 12 offices.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:02 am

LAZ

Lazard, Inc. (NYSE:LAZ) reported an increase in its assets under management (AUM) to $245.0 billion as of May 31, 2024, up from $240.8 billion in April 2024. The increase was driven by market appreciation of $4.4 billion, net outflows of $1.6 billion, and foreign exchange appreciation of $1.4 billion.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 10:49 am

AAPL

DIA

SPY

On June 11th, U.S. stock markets closed mixed with the S&P 500 and Nasdaq reaching record highs, driven by a surge in Apple shares. Apple was upgraded by DA Davidson, citing AI advancements. The NFIB Small Business Optimism Index increased. Most S&P 500 sectors ended lower, while IT and communication services stocks closed higher. The Dow Jones closed down, while the S&P 500 and Nasdaq closed up. Asian markets were mixed, and European markets showed gains. Crude oil prices increased, while natural gas declined.

Portfolio Pulse from Akanksha Bakshi

June 12, 2024 | 10:45 am

BA

ITA

PPA

Boeing Co (NYSE:BA) is opening a new aerospace tech hub at Embry-Riddle Aeronautical University in Florida, focusing on military aviation programs. The facility will create around 200 engineering jobs in 2024, with potential for more. Boeing's stock has declined over 16% in the past year.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 10:39 am