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S

SentinelOne Inc (NYSE: S) stock is trading higher after reporting Q3 financial results that surpassed expectations. The company's revenue of $164.16 million exceeded estimates of $156.09 million, and its EPS loss of 3 cents was better than the anticipated 8 cent loss. Year-over-year revenue increased by 42%, and ARR grew by 43% to $663.9 million. SentinelOne's customer base expanded to over 11,500, with significant growth in high-value customers. The company also reported a strong gross margin of 73% and ended the quarter with $1.1 billion in cash and investments. CEO Tomer Weingarten highlighted the company's industry-leading growth and AI-based security differentiation. SentinelOne raised its Q4 revenue outlook to $169 million and full-year guidance to $616 million, both above estimates. JMP Securities analyst Trevor Walsh maintained a Market Outperform rating and increased the price target from $22 to $33.

Portfolio Pulse from Adam Eckert

December 06, 2023 | 2:06 pm

S

Raymond James analyst Adam Tindle has reaffirmed a Strong Buy rating on SentinelOne (NYSE:S) and increased the price target from $22 to $26.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 2:05 pm

SHAK

Raymond James analyst Brian Vaccaro has upgraded Shake Shack (NYSE:SHAK) from Outperform to Strong Buy and set a price target of $78.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 2:03 pm

RUSHA

RUSHB

Rush Enterprises, Inc. has initiated a new stock repurchase program authorizing up to $150 million in buybacks of its Class A and Class B common stock. Concurrently, the company repurchased 1.5 million shares of Class B stock from its CEO, W.M. 'Rusty' Rush, for $65.3 million. This repurchase is part of Rush's financial diversification and tax planning, and it was funded with cash on hand. The new program replaces the prior one, which had already reached its $150 million limit. The repurchase program is set to expire on December 31, 2024, and may be adjusted depending on market conditions.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 2:02 pm

OSG

The board of Overseas Shipholding Group has authorized a stock repurchase program of up to $25 million of its common stock. This move reflects the company's confidence in its financial stability and the belief that its stock is undervalued. The repurchase program is expected to be accretive to earnings per share by reducing the number of shares outstanding, potentially leading to a positive impact on the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 2:02 pm

GMS

GMS (NYSE:GMS) is expected to release its quarterly earnings report on Thursday, 2023-12-07, with an estimated EPS of $2.26. Investors are looking for an earnings beat and positive guidance for future growth. Historically, GMS's stock price has been sensitive to earnings performance and guidance. Last quarter, GMS beat the EPS estimate by $0.02, resulting in a 1.67% stock price increase the following day. Over the last year, GMS shares have risen by 30.31%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:01 pm

CMTL

Comtech Telecom (NASDAQ:CMTL) is scheduled to release its quarterly earnings report on Thursday, 2023-12-07, with an estimated EPS of $0.26. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, CMTL beat the EPS estimate by $0.12, leading to a 27.4% stock price increase the following day. Over the past year, CMTL shares have declined by 10.19%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:01 pm

COO

Cooper Companies (NYSE:COO) is expected to release its quarterly earnings report on Thursday, 2023-12-07, with an estimated EPS of $3.48. Investors are looking for an earnings beat and positive guidance for future growth. Historically, COO's stock price has shown varied reactions to past earnings performances, with both increases and decreases in share price following earnings reports. Shares are currently trading at $335.29, with a 4.97% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:01 pm

SWBI

Smith & Wesson Brands (NASDAQ:SWBI) is expected to release its quarterly earnings report on Thursday, 2023-12-07, with analysts estimating an EPS of $0.14. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has reacted positively to earnings beats, with the last quarter's beat resulting in a 10.85% share price increase the following day. Over the last 52 weeks, SWBI shares have risen by 45.61%, indicating a bullish sentiment among long-term shareholders ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:01 pm

LULU

Lululemon Athletica (NASDAQ:LULU) is expected to release its quarterly earnings report on Thursday, 2023-12-07, with an estimated EPS of $2.28. Investors are looking for an earnings beat and positive guidance for future growth. Historically, LULU's stock price has been sensitive to earnings performance and guidance. Last quarter, LULU beat the EPS estimate by $0.14, resulting in a 6.01% stock price increase the following day. Over the past year, LULU shares have risen 22.74%, indicating a positive trend for long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:01 pm