Streetbeat News

Revenues

HIVE

HIVE Blockchain Technologies reported a 63.9% YoY decline in revenue to $18.22M, with a net loss of $7.0M.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 7:43 am

UDR

UDR, Inc., a multifamily real estate investment trust, has announced a $510 million joint venture with LaSalle Investment Management. UDR will contribute four communities totaling 1,328 apartment homes into the joint venture and retain a 51% ownership. The company will receive approximately $250 million in cash proceeds. The joint venture will initially have no debt and is expected to be accretive to FFOA and cash flow per share in the first year.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:41 pm

CNVS

Cineverse has projected its FY24 revenue to be between $62M and $70M, which is lower than the estimated $70.22M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:31 pm

BRCC

Black Rifle Coffee Company (BRCC) anticipates its Q2 net revenue to be around $91 million, which is lower than the consensus estimate of $93.77 million.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:25 pm

ACCD

Accolade has projected its FY24 revenue to be between $410M-$414M, slightly above the estimated $409.93M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:17 pm

ACCD

Accolade has projected its Q2 revenue to be between $93M and $95M, which is in line with the estimated $93.22M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:16 pm

MITK

Mitek Systems has projected its FY23 revenue to be between $162M and $165M, which is in line with the estimated $164.23M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:14 pm

MSFT

TBLA

TTD

Needham analyst Laura Martin reiterated a Buy rating and a $5 price target for Taboola.com Ltd (TBLA). The integration of Yahoo's ad units and new buy-side clients is expected to nearly double TBLA's revenues from $1.5 billion to $2.5 billion, starting in 3Q24. TBLA's revenues from Microsoft Corp (MSFT) have stopped falling and are expected to increase. The Yahoo integration is expected to start generating revenues in 4Q23 and increase TBLA's EBITDA margins. TBLA's financial targets include 20%+ revenue growth, a 30%+ EBITDA margin, and a 50% FCF conversion rate from EBITDA, which Martin expects TBLA to exceed in 2024 and 2025.

Portfolio Pulse from Anusuya Lahiri

June 29, 2023 | 4:26 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading higher, continuing the stock's upward trend with gains of over 20% for June. Catalysts include the company's analyst day, increased revenue diversification, and a clear path to positive operational cash flow. The company also received a $21.8 million grant from the European Commission for an offshore hydrogen production plant. The stock has high short interest with 19.39% of available shares currently sold short.

Portfolio Pulse from Erica Kollmann

June 29, 2023 | 2:54 pm

SNAP

Snapchat's subscription service, Snapchat+, has reached 4 million paid subscribers in its first year. The service, priced at $3.99 monthly, offers users access to experimental and pre-released features. Snapchat plans to roll out new features to Snapchat+ subscribers in the coming weeks.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 1:30 pm