Streetbeat News

Revenues

LAKE

Lakeland Industries, Inc. (NASDAQ:LAKE) has acquired Jolly Scarpe S.p.A. and Jolly Scarpe Romania S.R.L. for approximately $9.3 million in an all-cash transaction. This acquisition expands Lakeland's global fire services portfolio by adding Jolly's leading professional footwear for first responders. Jolly, with 150 employees and operations in Italy and Romania, is expected to contribute $14 to $16 million in sales revenue to Lakeland this fiscal year and be immediately accretive. The acquisition enhances Lakeland's product offerings and geographic presence, presenting cross-selling opportunities across Lakeland's global sales and distribution channels.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:23 pm

KRC

Kilroy Realty (NYSE:KRC) reported a Q4 FFO per share of $1.08, surpassing the $1.04 estimate, but its rental income of $265.64M fell short of the $284.09M expectation. This represents a 7.69% decrease in FFO per share and a 5.70% decrease in rental income compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:19 pm

NXPI

NXP Semiconductors projects its Q1 total revenue to be between $3.025B and $3.225B, with an estimated consensus of $3.164B. The company also forecasts its adjusted EPS to range from $2.97 to $3.38, against an estimated $3.15.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:15 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

TSLA

The 'Magnificent Seven' U.S. tech companies are nearing a $13-trillion market cap, outperforming the broader S&P 500 with significant sales growth and market dominance. Their impact raises concerns about equity index concentration, reminiscent of the dot-com bubble. Analysts predict a potential 16% surge by year-end, but caution against overestimating growth, citing past overvaluations.

Portfolio Pulse from Piero Cingari

February 05, 2024 | 9:13 pm

VRNS

Varonis projects Q1 revenues to be between $111M-$115M, below the estimated $116.399M, with a year-over-year growth of 3%-7%. The company also anticipates a non-GAAP net loss per share of $(0.10)-$(0.09), which is worse than the estimated $(0.01).

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:10 pm

XCUR

Exicure and Bluejay Therapeutics have entered into a patent license agreement for the development of Cavrotolimod for hepatitis. Bluejay receives an exclusive license to Exicure's patents in this field, with an initial payment made to Exicure and future royalties on net sales agreed upon. Exicure retains responsibility for the patents' maintenance and legal processes.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:03 pm

PRIM

Primoris Services Corporation (NYSE:PRIM) announced awards totaling approximately $1.1 billion for its Energy Segment, including over $700 million for utility-scale solar projects and more than $350 million for a natural gas repowering project with battery energy storage. These projects, spanning three states, are set to begin between the second quarter of 2024 and early 2025, marking significant growth in the company's project backlog.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:01 pm

HASI

In the last three months, Hannon Armstrong (NYSE:HASI) received diverse analyst ratings, with a recent shift towards a more bullish outlook. The average 12-month price target was adjusted to $32.00 from $33.00, reflecting a slight decline in expectations. Analysts from B. Riley Securities, Mizuho, and Goldman Sachs have updated their ratings and price targets, indicating varying levels of optimism about the company's future performance. Hannon Armstrong, focusing on financing energy-efficiency and renewable-energy projects, shows strong market recognition but faces challenges in revenue growth and maintains a solid net margin and ROE.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:00 pm

ANET

Analysts have updated their ratings and price targets for Arista Networks (NYSE:ANET), showing a mix of bullish to indifferent sentiments. The average 12-month price target has increased to $272.75, up 19.93% from the previous $227.43. Arista Networks, a provider of Ethernet switches and software for data centers, has shown strong financial performance with significant revenue growth, high net margin, and excellent ROE and ROA, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:00 pm

MET

Analyst ratings for MetLife (NYSE:MET) show a diverse range of opinions, with a recent shift towards more bullish views. The average 12-month price target is $79.5, slightly down from $80. MetLife's financial performance indicates strong revenue growth but challenges in profitability and asset utilization. The company's market position is solid, with significant contributions from its U.S. and Asia segments.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 8:00 pm