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Revenues

FLT

Seven analysts have recently updated their ratings on Fleetcor Technologies (NYSE:FLT), with a mix of bullish, somewhat bullish, and indifferent perspectives. The average 12-month price target for FLT has been raised to $296.00, indicating a 5.9% increase from the previous target. Analysts from firms like RBC Capital, Mizuho, Jefferies, Citigroup, Baird, and BMO Capital have adjusted their price targets and ratings, reflecting a positive outlook on FLT's financial performance, including its revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 4:00 pm

SAVE

During a conference call, a Spirit Airlines executive stated that the company is expected to start generating cash in March, with plans to begin building its cash reserves in the second quarter and beyond.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:23 pm

CYBR

CyberArk Software Ltd (NASDAQ:CYBR) stock soared after reporting a 32% year-on-year increase in Q4 revenue to $223.1 million, surpassing the consensus of $209.7 million. The company also beat EPS estimates with $0.81 compared to the consensus of $0.47. Subscription revenues grew by 70% Y/Y, and the company saw a 36% increase in Annual Recurring Revenue (ARR) to $774 million. CyberArk ended the quarter with $1.3 billion in cash and equivalents, and provided an optimistic outlook for Q1 and FY24, expecting revenues and EPS above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 3:10 pm

AMKBY

A.P. Moller - Maersk has announced that there is high uncertainty regarding the duration and degree of disruption in the Red Sea, indicating potential impacts on global shipping routes.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:07 pm

CVS

Recent analyst ratings for CVS Health (NYSE:CVS) show a mix of bullish and somewhat bullish perspectives, with a slight decrease in the average 12-month price target to $91.00 from $94.00. The company's financial performance is strong, with significant revenue growth, high net margin, and effective debt management. CVS Health's diverse healthcare services and recent acquisition of Oak Street highlight its strategic expansion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:00 pm

SPY

USA Wholesale Trade Sales for December showed a month-on-month increase of 0.7%, compared to a decrease of -0.1% in the previous month.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:00 pm

CRC

California Resources (NYSE:CRC) received mixed analyst ratings in the latest quarter, with a shift towards a more bullish outlook. The average 12-month price target was adjusted to $63.6, down from $65.33, reflecting a 2.65% decline. Analysts' actions varied, with some raising and others lowering their price targets. The company, an independent oil and natural gas producer in California, faces challenges such as a -24.72% revenue decline and below-industry benchmarks in financial health indicators.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:00 pm

AMKBY

A. P. Moller Maersk (OTC:AMKBY) reported a Q4 2023 GAAP EPS loss of $(0.14) with sales of $11.74B, surpassing the $11.46B estimate. This represents a 34.11% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:53 pm

DIS

FUBO

SFTBY

Cryptocurrencies surge amid small banking fears and potential regulatory advancements. US markets show signs of overbought levels but remain optimistic. Political and global events continue to influence market sentiments. Tech and EV sectors see significant developments, while consumer and communication sectors experience notable stock movements. Financial sector reports gains, particularly for SoftBank. General news highlights include corporate and legal updates.

Portfolio Pulse from Akanksha Bakshi

February 08, 2024 | 2:28 pm

HSY

During a conference call, a Hershey executive stated that the company anticipates higher commodity inflation in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:25 pm