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ADBE

Recent options activity for Adobe (NASDAQ:ADBE) shows a bearish sentiment among investors, with 72% of trades being bearish. The activity includes 22 trades, with a notable range of strike prices from $445.0 to $630.0. The volume and open interest suggest whales are targeting this price range for Adobe over the last 3 months. Noteworthy trades include both bullish and bearish sentiments, with significant total trade prices. Adobe's current market status is neutral with a price of $579.13, and experts have set an average target price of $682.5 for the stock.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:46 pm

AVGO

Broadcom (NASDAQ:AVGO) has seen unusual options activity, with a bearish sentiment from big-money traders despite a split overall sentiment (30% bullish, 69% bearish). Notable trades include puts and calls with a focus on a price band between $760.0 and $1500.0. The company, a major player in the semiconductor and software industries, has a current stock price of $1280.62, down by -0.87%. Analysts have mixed views, with target prices ranging from $1450 to $1650, reflecting a cautious but generally positive outlook.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:46 pm

UAVS

AgEagle Aerial Systems Inc. (NYSE:UAVS), a leading drone solutions provider, announced a shareholder letter from Chairman Grant Begley, highlighting the company's evolution, product offerings, and strategic accomplishments. Begley emphasized AgEagle's transition from a local agricultural drone provider to a global leader in drone technology with applications across various sectors. The letter mentioned the introduction of eBee VISION for defense and security, FAA certification, and the Defense Innovation Unit's endorsement. Recent achievements include leadership team expansions, sales to UT-Battelle and ADS Inc., and recognition as a top AI company in agriculture. Financially, AgEagle addressed its micro cap status, sales stagnation, and high expenses in 2023, but anticipates growth with the eBee VISION. A 20-to-1 reverse stock split was approved to attract more investors and support business growth.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:43 pm

NVDA

QCOM

Cerebras Systems announced the launch of its new AI processor, the Wafer-Scale Engine 3 (WSE-3), which offers double the performance of its predecessor at the same price. The WSE-3, built on a 5nm process by Taiwan Semiconductor Manufacturing Co, features 4 trillion transistors and is capable of 125 petaflops of computing. Cerebras, competing with Nvidia's AI chips, aims to outperform with its single large chip design. The company is cash flow positive and plans to sell WSE-3 systems with Qualcomm's AI 100 Ultra chips for AI applications.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:40 pm

SLGL

Sol-Gel Technologies (NASDAQ:SLGL) reported Q4 earnings with an EPS of $-0.17, matching estimates, and a revenue increase of $347 thousand from the previous year. Despite meeting EPS estimates, past performance shows a 7% drop in share price following last quarter's earnings beat.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:40 pm

INDP

Indaptus Therapeutics (NASDAQ:INDP) reported Q4 earnings, beating estimates with an EPS of $-0.46 against an expected $-0.54. However, revenue remained unchanged from the previous year. Despite beating last quarter's EPS estimates, the share price dropped by 10% the following day.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:40 pm

PHUN

HC Wainwright & Co. analyst Scott Buck maintains a Buy rating on Phunware (NASDAQ:PHUN) and adjusts the price target to $12 from $1, accounting for a 1:50 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:40 pm

CLNN

Clene (NASDAQ:CLNN) reported Q4 earnings with an EPS of $-0.01, beating estimates by 86.0% against an expected $-0.07. However, revenue decreased by $64 thousand compared to the same period last year. In the previous quarter, Clene also surpassed EPS estimates, which was followed by a 1.0% drop in share price the next day.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:40 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is advancing its technology with a revised patent for 'Camera Systems For Bendable Electronic Devices', focusing on integrating multiple cameras into flexible devices to enable 3D or panoramic imaging by bending the device. This innovation could extend to phones, wearables, and laptops, showcasing Apple's ongoing research in enhancing device functionality and user experience.

Portfolio Pulse from Rounak Jain

March 13, 2024 | 1:38 pm

GAN

GAN (NASDAQ:GAN) reported Q4 earnings with a significant miss on estimated earnings by -40.0%, posting an EPS of $-0.21 against an estimate of $-0.15. Revenue also saw a decrease of $6.23 million from the same period last year. This follows a pattern of fluctuating performance in previous quarters, with the last quarter showing a beat on EPS estimates but no subsequent increase in share price.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:35 pm