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Revenues

LAZ

Lazard (NYSE:LAZ) has been the subject of diverse analyst opinions ranging from bullish to bearish over the last three months. The average 12-month price target for LAZ is $39.8, with a high of $45.00 and a low of $31.00, reflecting a 12.11% increase from the previous average of $35.50. Analysts from UBS, Wolfe Research, Goldman Sachs, and Morgan Stanley have updated their ratings and price targets, indicating a mixed outlook. Lazard's financial performance shows a decline in revenue growth by -27.99% as of September 30, 2023, a below-average net margin of 1.15%, and an ROE of 1.69%. The company's debt-to-equity ratio is high at 6.04, suggesting a reliance on borrowed funds.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 5:00 pm

PRCT

Procept BioRobotics Corp (NASDAQ:PRCT) shares rose after announcing preliminary Q4 FY23 revenues exceeding consensus estimates. The company expects Q4 revenues of $43.3-$43.6 million, with U.S. revenue around $40 million and international revenue at $3.3 million. FY23 revenues are projected to be $135.9-$136.2 million, indicating an 81%-82% Y/Y growth. CEO Reza Zadno highlighted strong surgeon interest in Aquablation Therapy and the company's position for continued revenue growth. Official Q4 and FY23 results will be released on Feb. 27, 2024. PRCT shares increased by 7.06% to $45.19.

Portfolio Pulse from Lekha Gupta

January 09, 2024 | 4:59 pm

OPRX

OptimizeRx shares have seen an increase following the announcement of their preliminary revenue guidance for the fiscal year 2023. The guidance suggests a positive outlook for the company's financial performance in the upcoming year.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:53 pm

ZBH

Zimmer Biomet reports robust growth, with a 6% increase in U.S. sales and 9% internationally, attributing success to its strong product lineup, including the ROSA robotics division and the new Persona OsseoTi cementless knee. The company is gaining market share from competitors and has implemented a 10%-15% price premium on its products.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:51 pm

BARK

BARK shares have seen an uptick following the company's announcement of preliminary Q3 total revenue guidance that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:47 pm

ALAR

Alarum Technologies' shares are up following the company's announcement of FY23 revenue guidance surpassing estimates and a rise in Q4 operating cash flow.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:38 pm

ALAR

Alarum Technologies Ltd. (ALAR) reported Q4 revenue of over $7M, exceeding estimates, with operating cashflow rising to $2.8M. FY23 revenue is projected at ~$26.5M, slightly above estimates. Subsidiary NetNut's revenues increased by 150% in Q4 and for the full year, totaling over $21M. The company attributes its strong performance to strategic shifts focusing on growth and profitability, particularly in its subsidiary NetNut.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:33 pm

BTCUSD

Cryptocurrency experts anticipate a potential $570 billion inflow into Bitcoin with the launch of a spot Bitcoin ETF, citing unit bias, institutional adoption, and FOMO as key factors. Gabor Gurbacs and Jan van Eck suggest that an ETF makes Bitcoin more accessible and could lead to significant investment from RIAs. Alex Becker and The Crypto Dog argue that this event could lead to sustained growth rather than a short-term 'sell the news' dip. The overall sentiment is cautiously optimistic about the impact of the ETF on Bitcoin's market.

Portfolio Pulse from Murtuza Merchant

January 09, 2024 | 4:30 pm

BMBL

GRND

MTCH

Match Group, Inc (NASDAQ:MTCH) stock is trading higher after Elliott Investment Management acquired a $1 billion stake in the company. Elliott plans to engage with Match Group to discuss strategies for improving performance. Match Group, which owns Tinder, Hinge, OkCupid, and Plenty of Fish, has faced challenges such as a decline in paying users, causing its stock value to dip. Despite this, Match Group has seen revenue growth, with Tinder generating $1.8 billion in 2022. The company remains optimistic about its long-term plans, including Hinge's potential to reach $1 billion in revenue. Match Group's stock outperformed Bumble Inc (NASDAQ:BMBL) and Grindr Inc (NYSE:GRND) last year, losing less value.

Portfolio Pulse from Anusuya Lahiri

January 09, 2024 | 4:16 pm

ACMR

ACM Research shares have seen an uptick following the company's announcement of an increased revenue outlook for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:15 pm