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LSCC

Lattice Semiconductor's stock is trading lower following mixed Q4 financial results and Q1 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:41 pm

SHOP

Shopify's stock is trading lower following the announcement of its Q4 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:40 pm

RPTX

Repare Therapeutics' stock is trading lower following the termination of a cancer drug deal with Roche, resulting in Repare regaining global rights to camonsertib.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:40 pm

SMRT

Harris R. Heyer and Michael J. Holder from 10th Mountain Management LLC, representing Scout Fund I, LP, a stockholder of SmartRent, Inc. (NYSE:SMRT), have publicly expressed concerns regarding SmartRent's strategy, communication, and governance. They highlighted a significant share price decline of over 70% since SmartRent's merger with Fifth Wall Acquisition Corp. I (FWAA), attributing it to investor disappointment, confusion, and skepticism. They criticized the management's handling of new unit deployments and their failure to address concerns, including corporate governance issues. They have called for immediate action from SmartRent's management and Board to address these issues and urged fellow shareholders to do the same.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:39 pm

UUP

The US inflation rate for January 2024 was reported at 3.1%, higher than the expected 2.9%, with both overall and core CPI rates exceeding forecasts. This has impacted market expectations, reducing the likelihood of Federal Reserve rate cuts, as evidenced by the rise in the U.S. dollar index and the decline in U.S. equity futures.

Portfolio Pulse from Piero Cingari

February 13, 2024 | 1:39 pm

JBLU

TDC

ZI

ZoomInfo Technologies Inc. (ZI) shares surged approximately 25% in pre-market trading after reporting Q4 earnings and sales that exceeded analyst expectations. The company also provided an optimistic fiscal year 2024 outlook. Other stocks showed significant movement in pre-market trading, with notable gainers including ARBB, FAMI, CHSN, DHAI, DDC, RNLX, BHIL, JBLU, and TRIP, and losers including GTHX, SIEN, BOF, POL, TWOU, MGIH, JYD, MLGO, JAN, and TDC.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:36 pm

ARBB

OMH

WCC

WESCO (WCC) shares dropped 16% after reporting Q4 FY23 earnings below expectations. Ohmyhome (OMH) surged 453% following an update on growth after acquiring Simply Sakal, reaching 6,746 units under management and over $2.7M in annual recurring revenue. Arb IOT Group (ARBB) shares increased 238% premarket after ARB Berhad disclosed a 28.38% stake in a 13G filing.

Portfolio Pulse from ryanfaloona@benzinga.com

February 13, 2024 | 1:36 pm

MMAT

Meta Materials has regained compliance with Nasdaq's listing requirements, ensuring its continued listing on the exchange. This development is crucial for maintaining investor confidence and the company's visibility in the market.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:35 pm

FREE

Trading of Whole Earth Brands shares has resumed.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 1:32 pm

NTWK

NETSOL Technologies (NASDAQ:NTWK) reported a significant improvement in its Q2 earnings, posting EPS of $0.04, a 121.05% increase from a loss of $(0.19) per share YoY. Sales also rose by 22.98% to $15.24M from $12.39M YoY.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 1:31 pm