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FFIV

Recent analysis of F5 (NASDAQ:FFIV) by 8 analysts shows a mix of opinions, with a consensus leaning towards a neutral stance. Over the last three months, ratings have shifted slightly, but remain predominantly indifferent. The average 12-month price target for FFIV has been raised to $201.25, indicating a 15.19% increase from the previous target. This adjustment reflects analysts' growing optimism about the company's future performance. Despite a negative revenue trend and a market capitalization below industry averages, F5's strong net margin and ROA highlight its financial health and efficient asset utilization.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:00 pm

PAA

Plains All American Pipeline, L.P. (NASDAQ:PAA) reported a significant increase in Q4 fiscal 2023 earnings with revenue of $12.698 billion, adjusted EPS of $0.42, and operating income of $426 million. The company saw a 12% Y/Y increase in adjusted EBITDA to $737 million, with notable growth in both Crude Oil and GL Segments. Adjusted Free Cash Flow for fiscal 2023 was $1.60 billion. PAA increased distributions to $0.20 per unit, a 23% YoY increase. For 2024, PAA expects adjusted EBITDA of $2.625 to $2.725 billion and aims to generate ~$1.65 billion in Adjusted Free Cash Flow.

Portfolio Pulse from Akanksha Bakshi

February 09, 2024 | 4:53 pm

DOOR

OC

PGT

Owens Corning Inc (NYSE:OC) has agreed to acquire Masonite International Corporation (NYSE:DOOR) for $133.00 per share in a deal valued at approximately $3.9 billion. This acquisition, expected to close mid-2024, is anticipated to boost Owens Corning's revenue to $12.6 billion and expand its North American residential market share. The deal is financed through cash and $3 billion in debt from Morgan Stanley Senior Funding Inc. Masonite had previously terminated a merger agreement with PGT Innovations Inc (NYSE:PGT), opting not to submit a revised offer against a superior proposal from MITER Brands. Owens Corning also plans to review strategic alternatives for its global glass reinforcements business.

Portfolio Pulse from Vandana Singh

February 09, 2024 | 4:34 pm

PRLB

Proto Labs, Inc. (NYSE:PRLB) reported a revenue growth of 8.2% YoY in Q4 fiscal 2023, reaching $125.05 million and surpassing consensus estimates. The company's adjusted EPS improved to $0.46, beating expectations. Protolabs achieved a milestone by generating over $500 million in revenue for the first time in its history. However, the company anticipates a softer start to 2024, with expected Q1 revenue between $120 million-$128 million, slightly below consensus estimates, due to lower order levels in December 2023 and early January 2024. PRLB shares rose 2.29% to $38.04.

Portfolio Pulse from Akanksha Bakshi

February 09, 2024 | 4:30 pm

AMCX

AMC Networks Inc (NASDAQ:AMCX) reported a Q4 2023 revenue decline of 29.6% Y/Y to $678.85 million, slightly above consensus. Adjusted EPS fell 71.4% Y/Y, missing expectations. Affiliate revenue and advertising revenues decreased, while streaming subscribers saw a marginal increase. Despite the revenue dip, streaming revenue grew by 4%. Shares fell 20.30% to $13.59.

Portfolio Pulse from Anusuya Lahiri

February 09, 2024 | 4:28 pm

GOOG

GOOGL

Google CEO Sundar Pichai announced that Google has surpassed 100 million Google One subscribers, marking a significant milestone for the company's subscription service.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 4:19 pm

FLNC

Fluence Energy (NASDAQ:FLNC) has been analyzed by 9 financial analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $28.67, reflecting a 6.19% increase from the previous target of $27.00. Analysts have adjusted their ratings and price targets based on market conditions and company performance, with several raising their targets. Despite challenges such as a significant revenue decline of -45.92% as of December 31, 2023, and below-average ROE and ROA, Fluence Energy maintains a strong net margin and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:00 pm

COTY

Analysts have provided diverse ratings for Coty (NYSE:COTY) over the last three months, with recent updates showing a mix of bullish and indifferent stances. The average 12-month price target has been raised to $14.12, indicating a positive outlook based on Coty's financial performance, including a 5.25% revenue growth and a strong net margin of 10.28%. Coty's market position is further supported by its significant market capitalization and efficient debt management.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:00 pm

BLDR

The analysis of Builders FirstSource (BLDR) against its peers in the Building Products industry reveals its undervaluation based on key financial metrics. BLDR shows a lower P/E, P/B, and P/S ratios compared to the industry average, indicating potential undervaluation. Its ROE, EBITDA, and gross profit are above the industry average, demonstrating profitability and operational efficiency. However, its revenue growth is significantly below the industry average, suggesting challenges in sales volume growth.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:00 pm

NWL

Newell Brands Inc. (NWL) shares slumped after reporting Q4 revenues of $2.076 billion, surpassing analyst expectations but revealing a 9.1% year-over-year decline. Despite beating EPS estimates and improving margins, the company announced a restructuring plan with significant charges and projected declines in Q1 and FY24 revenues and EPS, leading to a 12% drop in share price.

Portfolio Pulse from Nabaparna Bhattacharya

February 09, 2024 | 3:45 pm