Streetbeat News

Revenues

NEXN

Nexxen International (NASDAQ:NEXN) has received mixed analyst ratings, with recent upgrades in price targets. The average 12-month price target increased by 12.32% to $9.12. Despite positive analyst sentiment, the company faces financial challenges, including a 22.4% revenue decline and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:00 pm

WDAY

Workday has updated its financial guidance for fiscal year 2025, projecting subscription revenue between $7.7 billion and $7.725 billion, a 17% growth. For Q3 2024, subscription revenue is expected to be $1.955 billion, a 16% increase. The non-GAAP operating margin is projected at 25.25%.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 1:53 pm

FXY

The yen-dollar exchange rate experienced volatility following hawkish remarks from BoJ Governor Kazuo Ueda, who indicated potential rate hikes if inflation aligns with targets. The yen, tracked by the Invesco CurrencyShares Japanese Yen Trust (NYSE:FXY), gained 0.8% before slightly paring back. The BoJ's stance contrasts with the Fed's expected rate cuts, impacting the yen-dollar carry trade.

Portfolio Pulse from Piero Cingari

August 23, 2024 | 1:52 pm

CIFR

CLSK

IREN

MARA

RIOT

Bitcoin miners faced challenges in Q2 2024 due to the Bitcoin halving event, which reduced daily coin yields. Despite this, Marathon Digital and CleanSpark stood out for their strategic moves and cost efficiencies. Marathon led in bitcoin mining and cost-cutting, while CleanSpark expanded aggressively. Riot Platforms and Iris Energy also made significant capital moves.

Portfolio Pulse from Surbhi Jain

August 23, 2024 | 1:43 pm

NFLX

Netflix's stock has reached a new all-time high, driven by a 150% increase in advertising sales and strategic shifts like adding live sports and revamping its subscription model. The stock has surged over 300% since its low in May 2022, despite a recent slight pullback.

Portfolio Pulse from Zaheer Anwari

August 23, 2024 | 1:35 pm

CRLBF

Ohio's cannabis market is booming since the launch of recreational sales, posing a threat to Michigan's cannabis industry, which has relied heavily on out-of-state buyers, particularly from Ohio. Michigan's market, already oversaturated, may face revenue declines as Ohioans can now purchase locally.

Portfolio Pulse from Rolando García

August 23, 2024 | 1:25 pm

CNPOF

CNTMF

Cansortium Inc. reported a 12% revenue increase for Q2 2023 and announced a merger with RIV Capital, expanding operations across several states. The company showed improved financial performance with a net income of $947,000 and plans to open new stores.

Portfolio Pulse from Nina Zdinjak

August 23, 2024 | 1:19 pm

APP

Analysts have mixed ratings for AppLovin (NASDAQ:APP) with a recent bearish sentiment. The average 12-month price target has increased to $91.6, indicating a positive outlook. AppLovin has shown strong financial performance with high revenue growth and profitability, but faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 1:01 pm

NTES

Analysts have mixed views on NetEase (NASDAQ:NTES) with recent ratings showing a shift towards bullish sentiment. The average 12-month price target has decreased by 9.91% to $105.4. Analysts have adjusted their ratings and price targets, reflecting changing market conditions. NetEase shows strong financial performance with a high net margin and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 1:00 pm

SYTA

Siyata Mobile's shares rose by 26.1% after announcing an initial order for its SD7 handsets from a North American mining company and delivering UV350 Vehicle Kits to Intellicom in Kazakhstan. Despite missing Q2 earnings estimates, the company sees growth opportunities in the mining sector.

Portfolio Pulse from Nabaparna Bhattacharya

August 23, 2024 | 12:54 pm