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FIVN

ZM

Five9 Inc (NASDAQ:FIVN) shares rose after reports surfaced that the company is considering a sale. The call center software firm, which previously had a failed $14.7 billion takeover deal with Zoom Video Communications Inc (NASDAQ:ZM), is said to be working with advisers to explore potential sales and has reportedly re-engaged with Zoom. Five9's cloud-based software supports over 14 billion call minutes annually, and a deal could help Zoom expand its offerings. Following the news, Five9's stock closed up 7.39% at $85.47.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 9:12 pm

LSTR

Landstar System, Inc. has announced that Frank A. Lonegro will succeed James B. Gattoni as CEO. The transition is part of a planned succession process, with Gattoni retiring after a long tenure with the company. Lonegro, who has a strong background in finance and leadership, is expected to continue Landstar's growth trajectory and operational success.

Portfolio Pulse from Bill Haddad

December 04, 2023 | 9:10 pm

BECN

Beacon (BECN) has reaffirmed its financial outlook for the full year 2023, indicating confidence in its ability to meet previously stated goals and projections for the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:10 pm

EYPT

EyePoint Pharmaceuticals has announced a proposed public offering of common stock aiming to raise $175 million. The offering's specifics, such as pricing and number of shares, have not been disclosed yet. This capital raise could dilute existing shareholders but also provide the company with funds for operations, investment, and potential growth.

Portfolio Pulse from Bill Haddad

December 04, 2023 | 9:08 pm

GTLB

GitLab reported better-than-expected preliminary results for Q4, with adjusted EPS of $0.08-$0.09 versus an estimated $(0.01), and revenue of $157M-$158M against an estimated $150.24M. For FY24, the company forecasts adjusted EPS of $0.12-$0.13, surpassing the $(0.06) estimate, and revenue projections of $573M-$574M, which is above the $558.14M estimate.

Portfolio Pulse from Bill Haddad

December 04, 2023 | 9:08 pm

JOAN

JOANN Inc. (NASDAQ:JOAN) reported Q3 EPS of $(0.21), which was in line with analyst estimates, but experienced a significant 450% decrease from the $0.06 per share earned in the same quarter last year. The company's quarterly sales were $539.80 million, falling short of the expected $547.20 million by 1.35% and marking a 4.09% decline from the previous year's sales of $562.80 million.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:06 pm

BONEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has experienced a 4% price increase in the past 24 hours, coinciding with a record high daily transaction volume of 7.84 million on Shibarium. The total transaction count has reached 31.05 million. BONE ShibaSwap (CRYPTO: BONE) also saw a 6% price increase. A whale wallet's significant withdrawal of SHIB from Binance suggests increased investor activity. Despite the crypto winter, Shiba Inu has maintained its trajectory, with the project lead developer expressing optimism about the future.

Portfolio Pulse from Khyathi Dalal

December 04, 2023 | 9:05 pm

ABCM

DHR

The High Court of Justice of England and Wales has approved the acquisition of Abcam plc by Danaher Corporation for $24.00 per share in cash. The transaction is to be completed through a Court-sanctioned scheme of arrangement, with the expected effective date being December 6, 2023. Abcam's last trading day on Nasdaq will be December 5, 2023, before the suspension of trading the following morning.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:02 pm

META

TSLA

During Tesla Inc's (NASDAQ:TSLA) Cybertruck delivery event, a man was arrested for allegedly planning a 'mass casualty' attack. Paul Ryan Overeem, from Florida, made threats on Instagram, owned by Meta Platforms Inc (NASDAQ:META), indicating his intention to attack the event. Overeem was arrested in Austin, Texas, and held on a $300,000 bail. Despite the threat, the event proceeded smoothly, and Tesla confirmed over one million reservations for the Cybertruck, with an expected annual production of 250,000 units by 2025.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 9:01 pm

LULU

Over the past 3 months, 7 Wall Street analysts have published their ratings on Lululemon Athletica (NASDAQ:LULU), with 4 being bullish, 2 somewhat bullish, and 1 indifferent. No bearish ratings were reported. The average 12-month price target for LULU is $480.0, with a high of $520.00 and a low of $445.00. This target has increased by 6.67% over the past month. Analysts typically review stocks quarterly and may provide earnings, revenue, and growth estimates.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 9:01 pm