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OKTA

Okta forecasts FY24 revenue to be between $2.243B and $2.245B, surpassing the estimated $2.21B. The company also projects adjusted EPS to be $1.47 - $1.48, which is higher than the estimated $1.18.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:28 pm

BOOM

KRP

RES

RNGR

WTI

The article lists the top 5 oversold energy stocks with potential for growth this quarter, based on their low Relative Strength Index (RSI) values. Ranger Energy Services (RNGR), DMC Global (BOOM), Kimbell Royalty Partners (KRP), RPC Inc. (RES), and W&T Offshore (WTI) are highlighted as having RSI values near or below 30, indicating they may be undervalued. The article provides recent performance details and stock price actions for each company.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 12:26 pm

OKTA

Okta has reported its Q4 revenue forecast to be between $585M and $587M, surpassing the estimated $580.27M. The company also expects adjusted EPS to be between $0.50 and $0.51, which is higher than the estimated $0.35.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:26 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) reported Q3 earnings that surpassed expectations with a 35% year-over-year revenue increase to $786 million, beating estimates of $777.13 million. Earnings per share were 82 cents, exceeding the forecast of 74 cents. The company expects Q4 earnings of 81-82 cents per share, above estimates of 78 cents, and full-year earnings of $2.95-$2.96 per share, compared to the expected $2.83. Following the earnings release, analysts raised their price targets on CRWD, with the stock rising 2.1% in pre-market trading.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 12:24 pm

WDAY

Wells Fargo analyst Michael Turrin has maintained an Overweight rating on Workday (NASDAQ:WDAY) and increased the price target from $280 to $300.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:22 pm

BILI

Bilibili Inc (NASDAQ:BILI) reported flat year-on-year Q3 FY23 revenue of $795.7 million, missing consensus estimates of $817.3 million. The company's adjusted EPS loss widened to $(0.29), also missing the consensus loss of $(0.26). Despite a 14% increase in DAUs, mobile game revenues fell 33% Y/Y, while VAS revenues grew 17% Y/Y. Advertising revenue increased by 21% Y/Y, but revenue from IP derivatives and others dropped 23% Y/Y. Bilibili expects FY23 revenues at the lower end of their forecast due to disappointing mobile game revenues. The stock has declined 50.6% YTD and was down 4.12% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 12:22 pm

KEN

Kenon Holdings (NYSE:KEN) reported a 40.49% increase in Q3 sales to $229.00M, up from $163.00M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:21 pm

KMX

JP Morgan analyst Rajat Gupta has maintained an Underweight rating on CarMax (NYSE:KMX) and reduced the price target from $70 to $60.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:18 pm

CLGN

CollPlant Biotechnologies (NASDAQ:CLGN) reported Q3 earnings with an EPS of $-0.35, missing estimates by 169.23% compared to the expected $-0.13. Revenue decreased by $66 thousand from the same period last year. In the previous quarter, the company beat EPS estimates by $0.51, which led to a 5.23% share price increase the following day.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 12:10 pm

GLD

SPY

U.S. stock markets closed higher on Tuesday, with consumer discretionary shares leading gains and healthcare sector losses. The Conference Board's consumer confidence index rose, and home prices increased. Asia markets showed mixed performance, with Japan's Nikkei 225 and China's Shanghai Composite down, while Australia's S&P/ASX 200 gained. European markets were mostly up, with the STOXX 600, Germany's DAX, and France's CAC seeing gains, but the UK's FTSE 100 traded lower. Commodities saw crude oil prices rise and gold cross $2,000. U.S. futures were up in early trading, and the U.S. Dollar Index strengthened slightly.

Portfolio Pulse from Akanksha Bakshi

November 29, 2023 | 12:08 pm