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ADTN

Adtran (NASDAQ:ADTN) has received mixed analyst ratings over the past three months, with 2 bullish and 2 indifferent ratings. The average 12-month price target is now $8.25, down 17.5% from the previous $10.00. Analysts Ryan Koontz from Needham and Mike Genovese from Rosenblatt have made recent adjustments to their ratings and price targets. Adtran's financial health shows challenges with a -20.07% revenue decline, a net margin of -26.71%, and an ROE of -9.91%. However, the company has a prudent debt-to-equity ratio of 0.34. Analysts' ratings are based on various factors including future earnings and company updates.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 12:00 pm

MANU

Manchester United has revised its FY24 revenue guidance downwards from the initial range of £650M - £680M to a new range of £635M - £665M.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:10 am

SBGI

Diamond Sports Group has entered into a Restructuring Support Agreement with key creditors to reorganize and emerge from Chapter 11 bankruptcy. The agreement includes over 85% of first lien, over 50% of second lien, and over 66% of unsecured bond holders. Sinclair Inc., Diamond's parent company, will pay $495 million in cash and provide support services as part of a settlement to aid Diamond's reorganization and separation from Sinclair.

Portfolio Pulse from Charles Gross

January 17, 2024 | 11:06 am

VGK

The Eurozone Core Consumer Price Index (CPI) year-over-year for December remained at 3.4%, which was in line with estimates and slightly lower than the previous value of 3.6%.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:11 am

AAPL

Apple Inc. has opened a new 15-storey office in Bengaluru, India, which can accommodate up to 1,200 employees. This move signifies Apple's efforts to diversify its operations beyond China and expand its presence in India, the second-largest global smartphone market. The Bengaluru office features specialized lab spaces, collaborative work areas, wellness facilities, and an on-site Caffe Macs. Apple's expansion in India includes other major cities and reflects its commitment to the Indian market, where it employs nearly 3,000 people and collaborates with local suppliers.

Portfolio Pulse from Shomik Sen Bhattacharjee

January 17, 2024 | 10:03 am

EWU

The U.K. Producer Price Index (PPI) Input for December showed a decrease of 1.2%, which is more than the estimated decline of 0.7%. This figure also represents a larger decrease compared to the revised prior month's figure of -0.4%.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:02 am

EWU

The U.K. Consumer Price Index (CPI) for December showed an increase of 0.4%, which was higher than the estimated 0.2% and a reversal from the previous month's decline of 0.2%.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:01 am

PAPL

Pineapple Financial (PAPL) reported a significant revenue decline of 36.2% year-over-year in the first quarter of fiscal 2024. The company also experienced a net loss per share of $(0.14), which is a slight increase from the previous year's $(0.12) loss per share. Despite the revenue decline, Pineapple Financial increased its unrestricted cash and receivables by $1.721 million, ending the quarter with $3.419 million in total.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:29 am

FXI

China's Industrial Production for December increased to 4.6% year-to-date compared to the previous 4.3%, indicating a slight improvement in industrial output.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 5:25 am

FXI

China's Gross Domestic Product (GDP) Year To Date (YoY) for Q4 remained steady at 5.2%, unchanged from the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 5:24 am