Streetbeat News

Revenues

CTSH

Analysts have mixed perspectives on Cognizant Tech Solutions (NASDAQ: CTSH) with recent ratings showing a blend of bullish, somewhat bullish, and indifferent sentiments. The average 12-month price target has decreased by 3.37% to $77.9. Key analysts have adjusted their ratings and price targets, reflecting a cautious outlook. Despite a slight revenue decline, Cognizant maintains strong profitability and effective financial management.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:00 pm

BOKF

Over the past three months, 12 analysts have reviewed BOK Financial (NASDAQ:BOKF), with most expressing neutral sentiments. The average 12-month price target has increased by 4.82% to $97.58. Analysts have adjusted their ratings and price targets, reflecting mixed but generally stable outlooks. BOK Financial faces challenges with declining revenue, low net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:00 pm

OTLY

Non-alcoholic beverage maker Mixoloshe has rebranded as Smashd following a successful marketing campaign. The campaign, which featured an employee's quest to gain followers on social media, led to a significant increase in social media traffic and product sales. The company is now expanding into Walmart stores and aims to raise $10 million in venture capital.

Portfolio Pulse from Anthony Noto

June 10, 2024 | 6:00 pm

APO

BRK

PARA

RSP

SONY

XLC

National Amusements, the controlling company of Paramount Global (NASDAQ:PARA), has attracted bids from Edgar Bronfman Jr. and Steven Paul. Shari Redstone is negotiating a potential sale to Skydance Media. Paramount stock is trading lower, and the company faces challenges with its traditional TV business and streaming service. Berkshire Hathaway (NYSE:BRK) sold its stake in Paramount, and previous reports suggested interest from Sony Group Corp (NYSE:SONY) and Apollo Global Management Inc (NYSE:APO). Investors can gain exposure to Paramount via ETFs like The Communication Services Select Sector SPDR Fund (NYSE:XLC) and Invesco S&P 500 Equal Weight ETF (NYSE:RSP).

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 5:45 pm

BAC

JPM

LYV

StubHub is considering an IPO as soon as July and has enlisted Goldman Sachs, JPMorgan, and Bank of America to assist. The company reported $350 million in EBITDA.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 5:35 pm

AAPL

Apple announced updates to visionOS and the expansion of the Vision Pro headset to international markets. Despite usability improvements and a large app ecosystem, the Vision Pro faces low demand and declining resale value. Apple aims to revive interest by launching in new countries.

Portfolio Pulse from Rounak Jain

June 10, 2024 | 5:33 pm

CSCO

Cisco Systems Inc (NASDAQ:CSCO) has launched a $1 billion investment fund for secure AI solutions. Despite conservative growth targets for fiscal 2026 and 2027, BofA Securities analyst Tal Liani maintains a Buy rating and $60 price target, citing potential underestimation of AI networking demand.

Portfolio Pulse from Priya Nigam

June 10, 2024 | 5:27 pm

ORCL

Oracle Corporation (NYSE:ORCL) is set to report its Q4 financial results on June 11, 2024. Analysts expect revenue of $14.59 billion and earnings per share of $1.65. Key items to watch include cloud infrastructure momentum, AI partnerships, and potential updates on a $10 billion contract with Elon Musk's xAI. Oracle has missed revenue estimates in the last three quarters but has consistently beaten earnings estimates. The stock is currently trading at $124.28, up 20% over the last year.

Portfolio Pulse from Chris Katje

June 10, 2024 | 5:22 pm

AAPL

EWA

EWC

EWG

EWH

EWJ

EWQ

EWS

EWU

FXI

VGK

Apple has announced the expansion of Apple Vision Pro pre-orders to new countries. Pre-orders will begin on June 13 for China, Hong Kong, Japan, and Singapore, with availability on June 28. Australia, Canada, France, Germany, and the UK will start pre-orders on June 28, with availability on July 12.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 5:15 pm

MULN

Mullen Automotive (NASDAQ:MULN) has partnered with Eco Auto, a zero-emissions commercial vehicle dealership in Boston, to expand its commercial EV presence in New England. Eco Auto's initial order includes 10 Mullen ONE cargo vans and 3 Mullen THREE trucks. This partnership aims to lower barriers to sustainable transportation for municipalities and businesses. Despite recent positive developments, Mullen Automotive reported a significant net loss and its stock has plunged over 99% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 5:05 pm