Streetbeat News

Revenues

VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) has significantly outperformed the market over the past 5 years, with an average annual return of 20.45%. A $1000 investment in VRTX 5 years ago would now be worth $2,639.51, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 2:00 pm

TENB

Tenable Holdings (NASDAQ:TENB) has been analyzed by 14 analysts, showing a range of opinions from bullish to bearish. The average 12-month price target is $49.86, down 11.45% from the previous $56.31. Analysts have adjusted their ratings and price targets, reflecting changing market dynamics and company performance. Tenable's financials show a positive revenue trend but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 2:00 pm

ASML

ASML requires 2 billion euros in bookings in Q4 to meet its new 2025 sales guidance, as stated by the CFO during a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:48 pm

AAPL

MSFT

NVDA

Generative AI startups are capturing 40% of venture capital investments in the cloud sector, as major tech companies like Apple, Microsoft, and Nvidia race towards a $4 trillion valuation. The cloud industry sees a 27% annual increase in funding, driven by AI advancements.

Portfolio Pulse from Pooja Rajkumari

October 16, 2024 | 1:46 pm

ASML

ASML's CEO highlighted the critical role of artificial intelligence in driving demand in the chip market, suggesting that without AI, the market would face significant challenges.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:29 pm

ABT

Abbott's core lab business sales have been impacted by volume-based procurement in China. Meanwhile, in the U.S., Abbott's new OTC glucose monitor, Lingo, is performing well, with its 2-sensor pack being the most popular and reorder rates higher than in the U.K.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:27 pm

DSX

Diana Shipping has secured a time charter contract for its vessel m/v Selina with Raffles Shipping at a rate of $10,500 per day. This contract is expected to generate approximately $1.39 million in revenue for a minimum period, with the charter running until March 1, 2025 - April 20, 2025. Diana Shipping's fleet consists of 38 dry bulk vessels with a total capacity of 4.2 million dwt.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:19 pm

INDS

PLD

SPRE

Prologis, Inc. (NYSE:PLD) reported Q3 earnings with FFO beating expectations but revenue missing. The company revised its FY24 guidance slightly upwards. Prologis' shares rose 1.32% premarket. Investors can also gain exposure through ETFs like Pacer Industrial Real Estate ETF (NYSE:INDS) and SP Funds S&P Global REIT Sharia ETF (NYSE:SPRE).

Portfolio Pulse from Lekha Gupta

October 16, 2024 | 1:18 pm

SPPL

SIMPPLE has announced a $1.0M sale of multi-functional robots in Singapore, Malaysia, and Thailand, marking an expansion in the facilities management sector.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:11 pm

AAPL

TSM

Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) has started producing A16 chips for Apple at its Arizona facility, marking a significant step in U.S. semiconductor production. This aligns with Apple's strategy to use U.S.-made chips and supports the Biden-Harris administration's goals to boost domestic chip production.

Portfolio Pulse from Benzinga Neuro

October 16, 2024 | 1:08 pm