Streetbeat News

Revenues

HPE

Hewlett Packard Enterprise (HPE) has reaffirmed its fiscal year 2024 revenue growth forecast of 2%-4% in constant currency and adjusted earnings per share (EPS) guidance of $1.82-$2.02.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:12 pm

SPLK

Splunk, a provider of the Data-to-Everything Platform, has reported a 15% increase in its annual recurring revenue (ARR), reaching $4 billion. This growth indicates a strong demand for Splunk's products and services, which could be a positive sign for investors looking at the company's future revenue potential.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:09 pm

WDAY

Workday, Inc. has provided guidance for Q4 2024, expecting subscription revenue to reach $6.598 billion and adjusted operating margins to be 23.8%.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:08 pm

CRM

EBIZ

XRT

Salesforce reported that Cyber Week US online sales hit $70.8B, marking an increase from $68B the previous year. This indicates a continued growth in e-commerce activity during a key shopping period.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:25 pm

AMD

AMD has opened its largest global design center in Bengaluru, India, with plans to invest $400M over the next five years. The new campus, named AMD Technostar, will focus on semiconductor technology, including 3D stacking, AI, and machine learning, and will house around 3,000 engineers. The center will contribute to the development of CPUs, GPUs, SoCs, and FPGAs for various applications. AMD's India workforce constitutes 25% of its global employees. The stock was down 0.6% to $121.85.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 5:50 pm

CROX

Raymond James analyst Rick Patel upgraded Crocs Inc (NASDAQ:CROX) from Outperform to Strong Buy and increased the price target from $98 to $115. Patel forecasts a 10.3% revenue growth for FY23, aligning with the street view, and raised FY24 revenue growth estimates to 4% from 3%. The analyst expects HEYDUDE's growth to stabilize and return to growth in the second half of 2024. The stock's recent rise post-Q3 earnings suggests further upside, with Patel predicting a total revenue growth of 5.5-6% and an EPS of $12.65+ for FY24. CROX shares were up 4.51% at $100.50.

Portfolio Pulse from Shivani Kumaresan

November 28, 2023 | 5:31 pm

PFE

Pfizer's CFO announced that the company is on track to present data on its oral weight loss drug by the end of the year, aligning with previous expectations.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:09 pm

QQQ

SPY

U.S. consumer confidence rose to 102 in November, exceeding expectations, despite concerns of a potential recession signaled by the Expectations Index remaining below 80 for the third consecutive month. The increase was mainly among older households, while confidence among those aged 35-54 declined. Inflation expectations decreased slightly, and the labor market outlook improved modestly. The U.S. dollar index saw a minor increase, and stock markets had a limited response, with SPY and QQQ both dropping by 0.1%.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 3:45 pm

HOLO

MicroCloud Hologram Inc. (NASDAQ:HOLO) has announced a partnership with China's largest new energy vehicle company to provide a Generalized Streaming Media Control System (CMS). This agreement is expected to be a significant breakthrough for HOLO in the new energy vehicle sector. The Chinese company, which leads the world in new energy vehicle sales, has sold over 2.3 million cars this year. HOLO will deliver comprehensive holographic vision software and hardware solutions, including advanced driver assistance system (ADA) services, which could positively impact the financial performance of both companies.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:32 pm

ETRGF

Entourage Health Corp. reported a decline in Q3 revenue by 8.8% YoY to CA$12.2 million, but saw improvements in gross margins and reduced losses. The company's focus on operational efficiencies, automation, and cost reduction strategies contributed to a gross profit of CA$2.44 million compared to a gross loss last year, and a decrease in net loss to CA$9.9 million from CA$17.43 million. Despite a revenue decline, the company is positioning for sustained growth.

Portfolio Pulse from Nina Zdinjak

November 28, 2023 | 3:32 pm