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MULN

Mullen Automotive, Inc. has received certification from the California Air Resources Board (CARB) for its all-electric Class 1 cargo van, the Mullen ONE, allowing it to be sold in all 15 CARB states and the District of Columbia. This follows a previous EPA certification, enabling nationwide sales. The CARB certification also makes the Mullen ONE eligible for state EV incentive programs, which is significant given CARB's Advanced Clean Truck regulation mandating zero-emission local delivery and government fleets by 2036.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:07 pm

CCLD

CareCloud, Inc. has revised its annual revenue guidance from $120M-$122M to approximately $117M, which is below the estimated $120.28M. The company attributes the revision primarily to its project-oriented professional business line. Despite this, CareCloud continues to generate positive cash flow and expects to meet its adjusted EBITDA guidance of $15-$17M. The company has suspended dividend payments on its preferred stock to stabilize liquidity and comply with lender loan covenants, with plans to resume dividends towards the end of 2024. CareCloud is focusing on growth initiatives and operational improvements for future success.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:06 pm

CLBT

Cellebrite DI Ltd. (NASDAQ:CLBT), a provider of Digital Intelligence solutions, has expanded its relationship with one of the largest U.S. local police departments through a nearly one-million-dollar agreement. The deal involves deploying a range of Cellebrite's solutions, including Cellebrite Premium and Cellebrite Pathfinder, to enhance the department's digital forensic capabilities. These tools will help the police department close cases more efficiently by analyzing complex digital data, leading to quicker resolution of crimes and reduction of case backlogs.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:04 pm

GMED

Five financial analysts have provided diverse ratings for Globus Medical (NYSE:GMED) over the last three months, with recent updates showing a mix of bullish and indifferent stances. The average 12-month price target for GMED has increased to $67.6, with a high estimate of $86.00 and a low of $53.00. Analysts from Canaccord Genuity, Morgan Stanley, Truist Securities, Roth MKM, and Barclays have adjusted their ratings and price targets, reflecting their latest views on the company's performance and market conditions. Globus Medical, a medical device company, has seen significant revenue growth but faces challenges with net margin, ROE, and ROA below industry standards, despite a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:00 pm

UAL

United Airlines Holdings (NASDAQ:UAL) has been the subject of diverse analyst ratings over the past three months, with 10 analysts offering ratings ranging from bullish to indifferent. The average 12-month price target is $64.7, with a high of $98.00 and a low of $40.00, reflecting a 7.57% decrease in the average target. Analysts from firms like Raymond James, JP Morgan, Susquehanna, Citigroup, Morgan Stanley, Jefferies, and Bernstein have adjusted their ratings and price targets, mostly lowering them. United Airlines has shown strong financial performance with a revenue growth rate of 12.48%, a net margin of 7.86%, an ROE of 13.75%, and an ROA of 1.55%, along with a debt-to-equity ratio of 3.96.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:00 pm

KEY

KeyCorp (NYSE:KEY) received mixed ratings from 8 analysts, with an average 12-month price target of $13.38, reflecting a 9.22% increase from the previous target. Analysts' actions include ratings adjustments and price target changes, with some raising and others lowering their expectations. KeyCorp, with over $170 billion in assets, faces challenges such as a -17.03% revenue decline, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:00 pm

A

Agilent Technologies has restructured by moving its Cell Analysis Division into the Diagnostics and Genomics Group. This strategic move aims to enhance growth opportunities for both units. Agilent will start reporting under the new structure from Q1 fiscal 2024 and will adjust past segment data to align with this change. In January 2024, Agilent will recast the previous three years' quarterly data to reflect the new segments in a Form 8-K filing.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:00 pm

FANG

Analysts have provided diverse ratings for Diamondback Energy (NASDAQ:FANG) with 15 recent evaluations. The average 12-month price target is $188.33, with a high of $225.00 and a low of $154.00. Recent actions include both raised and lowered price targets and ratings. Diamondback Energy operates in the Permian Basin with 2 billion barrels of proven reserves and a net production of 386,000 barrels per day. The company's financials show a market cap above industry average, a recent revenue decline of -3.85%, a high net margin of 39.37%, but a lower than average ROE of 5.75% and a strong ROA of 3.29%. The debt-to-equity ratio is healthy at 0.38.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:00 pm

SYTA

Siyata Mobile has received an order for its SD7 Push-To-Talk handsets and accessories from a leading Midwest regional university. This order could indicate growing market acceptance of Siyata's communication solutions in the education sector.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:56 pm

LRHC

La Rosa Holdings Corp (NASDAQ:LRHC) has acquired a 51% stake in La Rosa Realty Premier, a franchisee in Orlando, Florida. This follows their recent 100% acquisition of another franchisee, La Rosa Realty CW Properties. Realty Premier had a revenue of $2.7 million with positive net income in 2022. The company aims for a $100 million annual revenue run rate by end of 2024 and is looking to acquire eight more franchises in the next 6-8 months, along with other real estate sector acquisitions. LRHC shares dropped 2.56% in premarket trading.

Portfolio Pulse from Vandana Singh

December 20, 2023 | 1:46 pm