Streetbeat News

Revenues

AAPL

BofA Securities updated its outlook on Apple's Services segment, highlighting the integration of AI features announced at WWDC. BofA expects these AI features to drive a 14% increase in Services revenue year-over-year and boost overall margins in 2024. The firm also anticipates growth in App Store revenues despite potential EU regulatory impacts. Apple shares have gained over 12% in the past month, benefiting from these AI integration plans.

Portfolio Pulse from Erica Kollmann

June 26, 2024 | 4:35 pm

CVLT

CommVault Systems (NYSE:CVLT) has seen a 7.95% decrease in its short percent of float, now at 2.43%. This indicates a more bullish sentiment compared to its peers, which have an average short interest of 4.89%.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 4:30 pm

AMZN

Amazon's market value surpassed $2 trillion for the first time on an intraday basis, marking a significant milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:29 pm

NVDA

NVIDIA CEO Jensen Huang announced at the annual shareholder meeting that the next wave of AI will automate $50 trillion worth of heavy industries.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:27 pm

CMTL

Comtech shares are trading higher after the company announced it was awarded a $30 million contract to deliver Next Generation 9-1-1 services that will further modernize NCT9-1-1's infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:22 pm

NVDA

NVIDIA has released a presentation highlighting its growth opportunities, market strategies, and technological developments. The company emphasized advancements in AI and HPC infrastructure while cautioning about potential risks and uncertainties.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:11 pm

JBLU

JetBlue plans to apply for DOT slot exemptions to add a second daily nonstop flight between Washington National and San Juan. This is part of a broader effort to enhance Puerto Rico connectivity, including new domestic and international destinations, Mint service, and a new crew base in San Juan.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:03 pm

PGR

19 financial analysts have provided a range of ratings for Progressive (NYSE:PGR) over the past three months, with a majority being somewhat bullish. The average 12-month price target has increased to $241.21. Analysts have made various adjustments to their ratings and price targets, reflecting their perceptions of Progressive's market standing. Progressive has shown strong revenue growth and return on equity but faces challenges with net margin and debt management.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 4:00 pm

FDMT

Seven analysts have recently evaluated 4D Molecular Therapeutics (NASDAQ:FDMT), with ratings ranging from bullish to bearish. The average 12-month price target is $45.43, up from $41.17 previously. Analysts' actions include maintaining, raising, and lowering ratings and price targets. The company faces challenges in revenue growth and profitability but has a strong ROE and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 4:00 pm

NIO

TSLA

Tesla China is reinstating laid-off employees, primarily in sales and service roles, after significant global layoffs. The return of senior VP Tom Zhu is boosting morale, and sales surged to 17,000 units last week. Some former employees have joined competitors like Nio.

Portfolio Pulse from Nabaparna Bhattacharya

June 26, 2024 | 3:53 pm