Streetbeat News

Revenues

AMBA

Ambarella expects Q2 revenue to be between $60M-$64M, lower than the estimated $67.17M.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:17 pm

SPWH

Sportsman's Warehouse Holdings expects Q2 revenue to be between $310M and $340M, lower than the estimated $344.79M.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:16 pm

MCRB

Seres Therapeutics has received a $125M milestone payment from Nestlé Health Science following the FDA approval of VOWST. This payment is part of their ongoing collaboration to develop microbiome-based therapies.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:00 pm

JD

JD.Com shares are trading lower by 3.79% due to concerns arising from a COVID-19 outbreak in China and ongoing apprehensions regarding China's economic recovery. COVID infections in China could reach 65 million cases per week by the end of June.

Portfolio Pulse from Henry Khederian

May 30, 2023 | 7:20 pm

CFLT

Needham & Company analyst Mike Cikos initiated coverage on Confluent Inc (NASDAQ:CFLT) with a Buy rating and a price target of $35. The analyst is bullish on the solid prospect of open-source Kafka and Confluent's development of a fully-managed Flink offering, potentially driving growth. Cikos expects revenues of $763.7 million in 2023 and $968.7 million in 2024.

Portfolio Pulse from Lekha Gupta

May 30, 2023 | 6:25 pm

PDD

Benchmark analyst Fawne Jiang reiterated a Buy rating on PDD Holdings Inc. (NASDAQ:PDD), raising the price target to $125. PDD reported Q1 FY23 revenue growth of 58% YoY to $5.48 billion, beating consensus estimates. The analyst attributed the outperformance to resilient demand for value products and the company's adaptive strategies.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2023 | 5:16 pm

CVAC

CureVac's shares are trading lower following the company's reported year-over-year revenue decline.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 4:54 pm

BABA

Alibaba shares are trading lower by 2.57% due to concerns over a COVID wave in China and its impact on the country's economic recovery. COVID infections in China could reach 65 million cases per week by the end of June, according to respiratory disease specialist Zhong Nanshan.

Portfolio Pulse from Henry Khederian

May 30, 2023 | 3:15 pm

MMS

Maximus (NYSE:MMS) has won a major five-year contract to deliver over 3.5 million health and disability assessments for the UK Department for Work and Pensions. The combined estimated value of the contracts, including subcontracting, is $1 billion USD over five years.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 3:05 pm

ETRGF

Entourage Health Corp. reported Q1 2023 net revenue of CA$11.8 million, a 4.8% decrease YoY. Gross profit increased to CA$4.0 million, while adjusted EBITDA was negative CA$3.4 million. The company's medical stream grew by 61% and pre-roll sales in the adult-use segment increased, capturing 5% of the market.

Portfolio Pulse from Vuk Zdinjak

May 30, 2023 | 1:24 pm