Streetbeat News

Revenues

AUID

authID has announced an $11 million direct offering, selling 1.46 million shares at $7.50 per share, with a higher price of $8.16 per share for directors. The proceeds will be used to expand sales, operations, and customer support teams.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 9:04 pm

KEX

Kirby (NYSE:KEX) has outperformed the market over the past 20 years with an average annual return of 9.35%, resulting in a $100 investment growing to $603.79. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 9:02 pm

ATI

ATI (NYSE:ATI) has outperformed the market over the past 5 years with an average annual return of 16.86%, resulting in a $1000 investment growing to $2,188.89. The company currently has a market capitalization of $6.88 billion.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 9:02 pm

APD

Air Products has announced a groundbreaking event for a $70M expansion of its Missouri Manufacturing and Logistics Center. The new facility is expected to be operational by the end of 2025 and will create 30 new full-time positions. This follows a $10M investment made in 2023 to increase production capacity.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:57 pm

AAPL

FDN

FTEC

IYW

MSFT

NVDA

QQQ

SOX

Nvidia Corporation (NASDAQ:NVDA) rebounded over 6% after losing $550 billion in market value. The company's market cap is now $3.10 trillion, making it the third most valuable corporation behind Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL). Concerns about Nvidia's impact on the S&P 500 Index have been raised, with analysts warning that a significant sell-off could affect the broader market. The PHLX Semiconductor Index (NASDAQ:SOX) and Invesco QQQ Trust (NASDAQ:QQQ) were also impacted. ETFs like iShares U.S. Technology ETF (NYSE:IYW), Fidelity MSCI Information Technology Index ETF (NYSE:FTEC), and First Trust Dow Jones Internet Index Fund (NYSE:FDN) saw gains.

Portfolio Pulse from Michael Juliano

June 25, 2024 | 8:53 pm

EPSN

Epsilon Energy (EPSN) announced that the recently completed Ava well in Texas is the best performer in the Pradera Fuego project so far. The well has averaged 1,290 BOEPD over the last 25 days, outperforming pre-drill estimates. The company's borrowing base has been redetermined at $45 million, effective June 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:49 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has significantly outperformed the market over the past 5 years, delivering an average annual return of 22.98%. A $100 investment in MRVL 5 years ago would be worth $285.97 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 8:30 pm

GPN

Global Payments (NYSE:GPN) has outperformed the market over the past 20 years with an average annual return of 11.38%, surpassing the market by 3.2% annually. A $1000 investment in GPN 20 years ago would be worth $8,502.22 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 8:30 pm

FDX

FedEx Corporation (NYSE:FDX) reported strong Q4 earnings, beating revenue and EPS estimates. The company announced a $2.5 billion share buyback and provided positive guidance for fiscal 2025. FedEx shares surged 14% in after-hours trading.

Portfolio Pulse from Chris Katje

June 25, 2024 | 8:24 pm

PRGS

Progress Software has revised its Q3 and FY24 guidance. Q3 EPS is now expected to be $1.15 vs. $1.21 estimated, and revenue is projected at $174M-$178M vs. $183.52M estimated. FY24 EPS guidance has been revised to $4.70-$4.80 vs. $4.69 estimated, and revenue to $725M-$735M vs. $726.5M estimated.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:18 pm