Streetbeat News

Revenues

LTRX

Analyst evaluations of Lantronix (NASDAQ:LTRX) over the last three months show a unanimous bullish outlook, despite a 17.89% decline in the average 12-month price target to $7.8. Recent actions by analysts include maintaining and lowering ratings, with price targets ranging from $7.00 to $9.00. Lantronix's financials indicate a positive revenue growth rate of 17.56% and strong profitability metrics, despite a market capitalization that is below industry averages.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:01 pm

CACI

Recent analyst ratings for CACI International (NYSE:CACI) show a mix of bullish and somewhat bullish perspectives, with 7 analysts updating their views. The average 12-month price target is now $424.57, marking a 10.65% increase from the previous average of $383.71. Analysts from firms like Barclays, Stifel, and Goldman Sachs have raised their price targets, reflecting positive sentiment towards CACI's market standing and financial performance, including solid revenue growth and strong profitability metrics.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:00 pm

DCGO

In the last three months, 8 financial analysts have provided diverse ratings on DocGo (NASDAQ:DCGO), with a shift towards bullish sentiment. The average 12-month price target is now $9.56, down 16.87% from the previous target, reflecting adjustments due to market conditions and company performance. DocGo's financial performance shows strong growth and profitability, with a revenue growth rate of 83.16% and a net margin of 3.8%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:00 pm

ACGL

Analysts have recently provided diverse ratings on Arch Capital Group (NASDAQ:ACGL), with an updated average 12-month price target of $100.18, reflecting a 7.43% increase from the previous target. The company has shown strong financial performance, including a revenue growth rate of 28.29% and a net margin of 61.37%. The analysis of analyst actions and financial milestones suggests a positive outlook for ACGL.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:00 pm

F

Ford shares are trading lower, potentially influenced by Stellantis' reported year-over-year drop in Q1 revenue, indicating a negative impact on the automotive sector.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:56 pm

CNTMF

Cansortium Inc. (CNTMF), operating under the FLUENT brand, reported a 9% increase in Q4 2023 revenues to $25.5 million and a reduced net loss of $4.7 million. The company saw significant growth in Florida, with an 11% revenue increase to $21.6 million. Gross profit margin improved to 52.2%, but adjusted EBITDA decreased slightly due to higher SG&A expenses. The full year results also showed improvement, with an 11% revenue increase to $97.3 million and a reduced net loss of $22.8 million. Cansortium's shares closed 1.44% higher at 16 cents.

Portfolio Pulse from Nina Zdinjak

April 30, 2024 | 1:54 pm

CMGEF

HUYA

NTES

CMGE Technology Group Ltd. (OTC:CMGEF) announced a partnership with Guangzhou Chaojing Investment to tap into the e-sports market, aiming to leverage Chaojing's strong position in e-sports. This move comes as China's gaming sector sees renewed investor interest, with CMGE's stock rising 3.2% on the announcement and 30% over the past week. The partnership focuses on game development, operation, and promotion, targeting China's booming e-sports market and aiming for international expansion. CMGE's financial performance shows signs of recovery, with a modest adjusted profit in 2023 after a loss in 2022, amidst a broader rally in Chinese gaming stocks.

Portfolio Pulse from The Bamboo Works

April 30, 2024 | 1:46 pm

AAPL

FINX

IPAY

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) reported a 9% year-over-year revenue growth to $7.7 billion in the fiscal first quarter, surpassing the consensus estimate of $7.5 billion but missing EPS estimates with $1.08 per share against an expected $1.22. Total payment volumes rose 14% to $403.9 billion, despite a 1% decrease in total active accounts to 427 million. The company saw an operating margin expansion to 18.2% and forecasts a 6.5%-7% revenue increase for Q2. PayPal anticipates a mid to high single-digit percentage increase in full-year 2024 adjusted EPS. The company faces competitive pressure from Apple Inc (NASDAQ:AAPL) but remains focused on strategic initiatives and cost savings. PayPal's stock has declined by 11% over the past year but recently saw a 5.81% increase to $70.90.

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 1:33 pm

MCD

McDonald's Corp (NYSE:MCD) reported a Q1 FY24 sales growth of 4.6% to $6.17 billion, slightly above analyst expectations but saw its shares slide due to an adjusted EPS of $2.70 missing estimates by $0.02. Global comparable sales increased by 1.9%, with U.S. sales up 2.5%. Operating income rose 8% to $2.7 billion. The company anticipates a mid-to-high 40% operating margin for FY24 and plans to open about 2,100 restaurants globally.

Portfolio Pulse from Shivani Kumaresan

April 30, 2024 | 1:32 pm

OP

OceanPal Inc. (NASDAQ:OP) announced a new time charter contract for its Capesize dry bulk vessel, the m/v Baltimore, with Richland Bulk Pte. Ltd., at a rate of $22,000 per day until between September 15, 2024, and November 15, 2024. The current charter rate is $13,500 per day. Additionally, OceanPal Inc. has agreed to sell the m/v Baltimore for $18.25 million, with delivery by November 20, 2024. This sale will leave OceanPal with a fleet of 4 dry bulk vessels.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:25 pm