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VRNT

Verint Systems (NASDAQ:VRNT) has secured a $7M contract with a Fortune 500 company to implement AI business outcomes using its hybrid cloud and four AI-powered bots. This move allows the customer to enhance customer experience automation without altering their existing on-premises solutions. The contract, part of Verint's fiscal first quarter roadmap, involves both Bundled SaaS and Unbundled SaaS deployments over a three-year term.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:48 pm

RNW

ReNew (NASDAQ:RNW), India's leading renewable energy company, announced the signing of five Power Purchase Agreements (PPAs) totaling approximately 2.2 GW of renewable energy capacity. This expansion brings ReNew's total portfolio to 15.6 GW, making it one of the largest globally. The PPAs include three solar agreements totaling 800 MW with NTPC, DVC, and SECI, a 1 GW agreement with SJVN, and a 438 MW agreement with a large multinational C&I customer. These projects, comprising 1,500 MW of solar and 688 MW of wind, are expected to be commissioned within the next 24 months.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:33 pm

PLNT

Planet Fitness, Inc. (NYSE:PLNT) reported Q1 results with earnings and revenue missing analyst expectations, leading to a lowered outlook for FY24. Despite these challenges, shares rose 5.58% on Thursday. The company cited consumer focus on savings, increased COVID infections, and an ineffective national advertising campaign as reasons for the disappointing performance but remains optimistic about opening new stores.

Portfolio Pulse from Nabaparna Bhattacharya

May 09, 2024 | 2:31 pm

BIDU

BYDDF

FDIS

TSLA

XLY

Tesla Inc (NASDAQ:TSLA) is undergoing further job cuts in China amid challenges to regain market share in the face of stiff competition and a global slump in EV demand. The layoffs, part of a global initiative to reduce headcount by over 10%, affect various departments at Tesla's Shanghai plant. This comes as Tesla's market share in China drops to 7.5% in Q1 2024 from 10.5% the previous year, despite securing preliminary approval for its driver-assistance system in China. Tesla's stock is trading lower by 0.4% at $173.93.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 2:03 pm

ACMR

ACM Research (NASDAQ:ACMR) has received updated analyst ratings in the last three months, with a consensus leaning towards bullish. Five analysts have offered ratings, with one new bullish rating in the last 30 days. The average 12-month price target for ACMR has been raised to $36.00, up 18.69% from the previous target of $30.33. Analysts from Needham and Benchmark have maintained or raised their buy ratings, with price targets adjusted accordingly. ACM Research's financial indicators such as revenue growth, net margin, ROE, ROA, and debt management are highlighted, showcasing the company's strong market position and financial health.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:01 pm

ARIS

Aris Water Solutions (NYSE:ARIS) has been the subject of diverse analyst opinions over the last three months, with recent evaluations showing a bullish trend. The average 12-month price target for ARIS has risen to $15.1, marking a 13.53% increase from the previous target of $13.30. Analysts from firms like Stifel, Goldman Sachs, Wells Fargo, and Citigroup have raised their price targets, reflecting optimism about the company's performance and market position. Aris Water Solutions, an environmental infrastructure and solutions company, has shown notable financial performance with a revenue growth rate of 25.65% as of December 31, 2023, and impressive profitability metrics such as a net margin of 4.09% and ROE of 1.32%.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:01 pm

CFLT

Confluent (NASDAQ:CFLT) has been the subject of 16 analyst evaluations over the last three months, showing a diverse range of opinions from bullish to bearish. The recent ratings indicate a shift towards a more cautious stance, with the latest 30-day period seeing only one indifferent rating. Despite this, the average 12-month price target for Confluent has increased to $36.94, up 7.73% from the previous $34.29, suggesting analysts see potential upside. The company's financial performance shows a 26.39% revenue growth rate but struggles with profitability and debt management, indicating mixed financial health.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:01 pm

FNA

Analysts have mixed views on Paragon 28 (NYSE:FNA), with recent ratings ranging from bullish to bearish. The average 12-month price target is $16.57, down from $17.00, with actions including lowering and maintaining ratings. Paragon 28, a medical devices company, shows a positive revenue trend with a 17.58% growth rate but faces challenges in profitability and asset utilization. Its financial performance indicates robust financial management despite a smaller market capitalization compared to industry peers.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:00 pm

CE

Celanese (NYSE:CE) was analyzed by 11 analysts, showing a range of opinions from bullish to bearish. Recent ratings have shifted towards a more cautious stance, with an increase in neutral ratings over the last 30 days. The average 12-month price target for Celanese is now $173.27, up from $158.36, indicating a positive outlook. The company's financial performance is strong, with significant revenue growth, high net margin, and robust ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:00 pm

AZEK

AZEK Co (NYSE:AZEK) received mixed analyst ratings in the last quarter, with a shift towards more bullish sentiments in the recent 30 days. The average 12-month price target for AZEK is now $56.33, reflecting a 10.02% increase from the previous target of $51.20. Analysts from firms like Baird, Benchmark, Citigroup, Barclays, and Truist Securities have adjusted their ratings and price targets, indicating a positive outlook on the company's performance. AZEK Co, known for its low maintenance and environmentally sustainable outdoor living products, has shown notable revenue growth of 11.18% over the past 3 months, with a strong net margin of 10.7%. However, its ROE and ROA are below industry standards, and it maintains a low debt-to-equity ratio of 0.44.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:00 pm