Streetbeat News

Revenues

EXTR

Extreme Networks has announced an expanded list of E-rate eligible solutions for K-12 schools and public libraries in the US, potentially increasing its market share in the education sector.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:06 pm

IDR

Idaho Strategic Resources (NYSE:IDR) reported a 41.9% increase in year-over-year top-line revenue for 2023, reaching $13.6 million. This growth is attributed to the production of over 8,100 ounces of gold, marking a 32.7% increase in production compared to 2022. The company has highlighted this achievement as its best year in corporate history, emphasizing consistent growth in revenue and operating results.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:06 pm

PEV

Phoenix Motor Inc. has provided initial guidance following the acquisition of Proterra's Transit business line. The company anticipates delivering over 100 transit buses in 2024 and expects to generate revenues exceeding $100 million.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:04 pm

TPX

Analysts have provided diverse opinions on Tempur Sealy Intl (NYSE:TPX) with 5 somewhat bullish ratings in the past quarter. The average 12-month price target is $53.00, with a high of $61.00 and a low of $48.00, reflecting a 9.28% increase from the previous target of $48.50. Analysts from Piper Sandler and Keybanc have raised their price targets, while Wedbush has both maintained and lowered theirs. Tempur Sealy faces revenue challenges with a slight decline but shows strong profitability and financial health with high net margin and ROE, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 12:00 pm

ADBE

Adobe (NASDAQ:ADBE) received mixed analyst ratings with 13 analysts offering their perspectives in the past three months. The average 12-month price target for Adobe is $654.54, marking a 5.21% increase from the previous target of $622.14. Analysts from firms like Exane BNP Paribas, Piper Sandler, Barclays, RBC Capital, Stifel, Citigroup, BMO Capital, KGI Securities, Oppenheimer, and DA Davidson have provided various ratings and adjusted their price targets. Adobe's financial performance shows a market cap above industry average, a revenue growth rate of 3.23%, a net margin of 29.38%, an ROE of 9.18%, an ROA of 5.04%, and a low debt-to-equity ratio of 0.25.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 12:00 pm

HTZ

Analysts have provided mixed ratings for Hertz Global Holdings (NASDAQ:HTZ) with 2 somewhat bullish and 2 indifferent ratings. The average 12-month price target is $14.00, with a high of $16.00 and a low of $10.00, marking a 19.22% decrease from the previous average. Adam Jonas of Morgan Stanley lowered his rating and price target, while Lizzie Dove of Goldman Sachs announced a neutral rating with a $10.00 price target. Hertz's financials show strong revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 12:00 pm

KEY

KeyCorp (NYSE:KEY) reported Q4 earnings of $0.03 per share, missing the consensus estimate of $0.08 by 62.5%. However, total revenue of $1.54B slightly exceeded the $1.53B estimate, representing an 18.97% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:33 am

CNTG

Centogene has announced its preliminary unaudited revenue for the full year 2023, which is estimated to be between €48.5M and €49.0M. This represents a mid-single digit growth rate over the revenue figures from 2022.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:32 am

EC

Ecopetrol issued a statement addressing media reports about the Arauca 8 well in Saravena, Arauca. The company clarified details and provided updates on the situation.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:14 am

RDWR

Radware has expanded its partnership with a top five global telecommunications company, resulting in a multimillion-dollar investment in Radware's DefensePro DDoS protection services.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:09 am