Streetbeat News

Revenues

PRSO

Peraso has received an additional End-of-Life (EOL) purchase order totaling $2.88 million. This order adds to the company's revenue stream and indicates continued demand for its products even as they approach the end of their lifecycle.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:07 pm

RELI

Reliance Global Group reported its FY sales at $13.7M, an increase from $11.8M year-over-year. However, the company experienced a significant shift from a net income of $6.5M last year to a net loss of $12.0M this year.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:06 pm

ALUR

Allurion Technologies, Inc. (NYSE:ALUR) has launched its Virtual Care Suite (VCS) in the United States, aimed at enhancing weight-loss management through AI-driven tools including remote patient monitoring, telehealth, and care team collaboration. The VCS, which has shown to improve patient outcomes and satisfaction in over 50 countries, will be introduced at the Obesity Medicine Conference in Denver. The suite includes Coach Iris, a 24/7 AI-powered weight loss coach, and an updated version of Allurion Insights, a web-based dashboard for providers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:05 pm

FNA

Paragon 28 announced its preliminary Q1 net revenue to be between $60.8M and $61.1M, surpassing the estimated $60.11M.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:03 pm

PARA

Paramount Global (NASDAQ:PARA) has seen diverse analyst ratings over the last three months, with a shift towards more bearish views in the last 30 days. The average 12-month price target has been adjusted to $12.67, a 15.53% decrease from the previous $15.00. Analyst actions include both downgrades and upgrades, reflecting dynamic market conditions and company performance. Paramount operates in TV media, filmed entertainment, and direct to consumer segments, facing revenue challenges but showing strong financial health indicators like net margin and ROE.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 12:01 pm

VUZI

Vuzix Corporation has received new additional orders from two aerospace defense companies to further develop their waveguide-based display solutions. This development indicates a growing interest and potential expansion in the aerospace defense sector for Vuzix's technology.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:01 pm

CDNS

Cadence Design Systems (NASDAQ:CDNS) received mixed ratings from 10 financial analysts, with an updated average 12-month price target of $324.6, reflecting a 10.31% increase from the previous target. Analyst actions included ratings adjustments and price target changes, indicating a generally positive outlook on the company's performance. Cadence's market position is strong, with significant revenue growth, high net margin, and effective debt management. The company benefits from the convergence of semiconductor and systems companies, expanding its customer base in the EDA sector.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 12:01 pm

NOTE

FiscalNote Holdings (NYSE:NOTE) has received mixed analyst ratings over the past quarter, with a recent shift towards more bullish perspectives. The average 12-month price target for NOTE has been raised to $3.8, reflecting a 5.56% increase from the previous target. Analysts from firms like EF Hutton and DA Davidson have adjusted their price targets and ratings, indicating varying expectations for the company's performance. FiscalNote, a provider of global policy and market intelligence solutions, has shown a revenue growth of 8.95% as of December 31, 2023, but struggles with a high debt-to-equity ratio and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 12:01 pm

DASH

Analysts have provided diverse opinions on DoorDash (NASDAQ:DASH) with a recent shift towards bullish sentiment. The average 12-month price target is now $136.65, reflecting an 18.46% increase from the previous target. Recent analyst actions include both upgrades and downgrades, with a notable number of price target raises. DoorDash's financial performance shows strong revenue growth but challenges in profitability and asset utilization. The company's low debt-to-equity ratio indicates a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 12:00 pm

JNVR

Janover announced a 73% increase in organic website traffic for 2023, which has significantly boosted inbound loan applications and lender engagement.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:00 pm