Streetbeat News

Revenues

AXON

Axon Enterprise (NASDAQ:AXON) has significantly outperformed the market over the past 5 years, delivering an average annual return of 34.0%. A $100 investment in AXON 5 years ago would be worth $432.76 today. The company's current market capitalization is $21.89 billion.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 4:00 pm

Bloom Energy (NYSE:BE) has been analyzed by 8 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target has increased by 7.95% to $15.88. Analysts have adjusted their ratings and price targets, reflecting dynamic market conditions and company performance. Despite a decline in revenue growth, Bloom Energy's net margin, ROE, and ROA surpass industry averages, although the company faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 4:00 pm

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) has significantly outperformed the market over the past 15 years, delivering an average annual return of 19.18%. A $1000 investment in FCNCA 15 years ago would be worth $13,903.74 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 4:00 pm

ACB

CGC

MSOS

TLRY

Cannabis stocks surged following the U.S. Department of Justice's proposal to reclassify cannabis from a Schedule I to a Schedule III drug. Canopy Growth (NASDAQ:CGC) led the surge, with Tilray Brands (NASDAQ:TLRY) and Aurora Cannabis (NASDAQ:ACB) also seeing gains. Cannabis ETFs like AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) and Amplify Alternative Harvest ETF (NYSE:MJ) experienced increased trading but later pulled back. Emily Paxhia of Poseidon Investment Management discussed the broader implications and challenges ahead.

Portfolio Pulse from Patricio Liddle

May 20, 2024 | 3:58 pm

JPM

JP Morgan CEO Jamie Dimon mentioned potential future organic growth opportunities during the Investor Day event.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 3:52 pm

AFCG

GRWG

HYFM

IIPR

LFLY

NLCP

REFI

SMG

SSIC

UGRO

The article discusses the performance of various cannabis industry subsectors following the HHS announcement on rescheduling. It highlights the stock price movements of ag-tech, cannabis lenders, hemp, and software/media sectors, mentioning specific companies like Scotts Miracle Grow, GrowGeneration, Hydrofarm, Urban Gro, IIPR, NewLake, Chicago Atlantic, AFC Gamma, Silver Spike, and Leafly. The article suggests that while plant-touching stocks have seen significant gains, ancillary sectors like lenders, ag-tech, and software/media offer attractive investment opportunities with less risk.

Portfolio Pulse from Viridian Capital Advisors

May 20, 2024 | 3:51 pm

CIBR

CYBR

IHAK

CyberArk Software Ltd. (NASDAQ:CYBR) has announced its acquisition of Venafi for $1.54 billion, expected to close in the second half of 2024. The deal includes $1 billion in cash and $540 million in shares. Venafi is projected to add $150 million in annual recurring revenue and enhance CyberArk's machine identity solutions, expanding its Total Addressable Market from $50 billion to $60 billion. The acquisition is anticipated to be accretive to margins immediately and offer significant revenue synergies.

Portfolio Pulse from Lekha Gupta

May 20, 2024 | 3:49 pm

NVAX

Novavax announced that the distribution of its R21/Matrix-MTM vaccine across the African region is expected to begin in the coming weeks.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 3:48 pm

AVGO

GOOG

GOOGL