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UFPI

UFP Industries (UFPI) outlines its 5-year financial goals, aiming for 7-10% annual sales growth, supported by tuck-in acquisitions. The company seeks a 12.5% adjusted EBITDA margin, an incremental ROI over cost of capital, and a conservative capital structure. Short-term, it expects lumber prices to stay low, with mixed demand across segments in 2024, anticipating a competitive first half but improvement later.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:21 pm

PRPH

ProPhase Labs, Inc. (NASDAQ:PRPH) announced progress in the development of its BE-SMART esophageal cancer diagnostic test, including the grant of broad patents by the USPTO and positive preliminary results from additional specimen analyses. The test, aimed at detecting early signs of cancer in individuals with Barrett's esophagus, is nearing the end of its clinical studies, with a commercial launch targeted for 2024. The test has shown over 99% molecular precision and has been tested on over 200 human samples. ProPhase Labs plans to commercialize BE-SMART as a laboratory-developed test (LDT), with potential wide-scale adoption targeting over 20 million Americans monitored for Barrett's esophagus.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 1:19 pm

NVO

WMT

The popularity of weight-loss drugs like Ozempic is prompting investors to push food companies towards healthier offerings, as a Bloomberg survey shows 75% of respondents advocating for business model adjustments. This trend is seen as a threat to traditional food companies, with Walmart Inc. noting a decrease in calorie purchases. Industry experts and CEOs are concerned about the impact of these drugs on food and beverage sales.

Portfolio Pulse from Benzinga Neuro

February 20, 2024 | 1:18 pm

HLIT

TIGO

Harmonic (NASDAQ:HLIT) and Millicom (NASDAQ:TIGO) have expanded their partnership with the launch of XGS-PON fiber-to-the-home (FTTH) in Latin America, leveraging Harmonic's cOS broadband platform. This move aims to provide high-speed, reliable broadband to Millicom's residential and enterprise customers across nine countries, enhancing network management and service deployment speeds. Harmonic's technology, including its Ripple hybrid fiber-cable nodes, enables strategic and cost-effective FTTH deployment, promising improved internet access and performance insights through advanced telemetry.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:04 pm

UDR

Analyst ratings for UDR, Inc. (NYSE:UDR) show a mix of sentiments, with recent evaluations ranging from bullish to bearish. Over the last quarter, 4 analysts have provided ratings, with a current average 12-month price target of $38.5, a decrease from the prior average of $41.50. Analyst actions include both downgrades and upgrades, reflecting dynamic market conditions and UDR's performance. UDR, a real estate investment trust, has shown notable revenue growth and financial performance, with a market capitalization above industry average, a revenue growth rate of 0.77%, and strong profitability indicators such as a net margin of 7.69%, ROE of 0.79%, and ROA of 0.28%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 1:01 pm

ZI

Analyst ratings for ZoomInfo Technologies (NASDAQ:ZI) show varied opinions over the last quarter, with a shift towards more positive ratings in the recent 30 days. The average 12-month price target for ZI has increased to $21.15, up 4.44% from the previous target. The company's financial performance indicates solid revenue growth but challenges in profitability and efficiency, with a net margin of -1.74% and ROE of -0.25%. Analysts' actions, ranging from maintaining to raising or lowering ratings, reflect their response to ZoomInfo's market conditions and performance.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 1:00 pm

CRNT

Ceragon Networks projects its 2024 revenue to be between $385M and $405M, indicating an 11% to 17% growth from 2023, factoring in contributions from its recent acquisition of Siklu in December 2023. The company also targets non-GAAP operating margins of at least 10% and anticipates increased non-GAAP profit along with positive free cash flow for the full year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:21 pm

OIS

Oil States International (NYSE:OIS) reported Q4 2023 earnings of $0.09 per share, meeting analyst estimates. However, its quarterly sales of $208.27M fell short of the expected $216.22M, a 3.68% miss, though it represents a 2.88% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:10 pm

DAN

Dana Incorporated, identified by the symbol DAN, has projected its fiscal year 2024 sales to be in the range of $10.65 billion to $11.15 billion. This forecast is compared against an analyst estimate of $10.98 billion.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:06 pm

WMT

Walmart anticipates a 4-5% increase in Q1 consolidated net sales, with the leap year expected to contribute approximately 100bps. For FY24, the company expects consolidated net sales to rise by 3-4%.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:06 pm