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BAX

Baxter International reported better-than-expected Q3 financial results and issued Q4 and FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:59 pm

SWI

SolarWinds Corp (NYSE:SWI) reported a 6% YoY revenue growth in Q3 FY23 to $189.6 million, beating the consensus of $183.7 million. Adjusted EPS of $0.23 also surpassed the consensus of $0.18. The company raised its FY23 revenue and adjusted EPS outlook. Following the announcement, SWI shares traded higher by 9.02%.

Portfolio Pulse from Anusuya Lahiri

November 02, 2023 | 3:56 pm

BTCUSD

Cryptocurrency services firm Matrixport predicts that Bitcoin (BTC) may rise to $56,000 by the end of the year, suggesting a potential 'Santa Claus Rally' in the crypto sector. This prediction is based on Bitcoin's historical performance and potential future outcomes. The firm's Head of Research and Strategy, Markus Thielen, projects a 65% increase by the end of the year, which would place Bitcoin's value above $65,000. This analysis is based on 13 years of Bitcoin history.

Portfolio Pulse from Murtuza Merchant

November 02, 2023 | 3:55 pm

ROKU

Roku Inc's shares climbed after the company reported strong Q3 results. Analysts from BofA Securities, Macquarie Equity Research, Oppenheimer, Needham, Wedbush, Stephens, and William Blair all maintained positive ratings on the stock, with some raising their price targets. Roku's platform revenues grew 18% YoY, driven by strength in content distribution and video advertising. The company's active accounts increased by 2.3 million to 75.8 million, and ARPU rose 1% sequentially.

Portfolio Pulse from Priya Nigam

November 02, 2023 | 3:54 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading higher, despite being down nearly 20% over the last month. The company is set to release its Q3 financial results on Nov. 7. Estimates suggest a loss of 35 cents per share and quarterly revenue of $183.841 million. LCID shares have become popular among retail investors and short-sellers, with 19.08% of available shares being sold short. The stock is gaining on above-average volume.

Portfolio Pulse from Erica Kollmann

November 02, 2023 | 3:54 pm

CHPT

ChargePoint Holdings Inc (NYSE:CHPT) shares are trading higher by 11.8% despite a lack of company-specific news. The rise may be due to broader strength in the EV sector and overall market strength following the Federal Reserve's decision to maintain the federal funds rate. ChargePoint's stock has seen a 40% decline in the past month, largely due to the company's announcement regarding commitments from institutional investors for their $300 million convertible notes issued in April 2022.

Portfolio Pulse from Henry Khederian

November 02, 2023 | 3:53 pm

NRG

NRG Energy reported its Q3 financial results and announced a 15% increase in its stock buyback program, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:51 pm

CFLT

Confluent, Inc. (NASDAQ:CFLT) reported Q3 financial results, with a loss of 30 cents per share, up from a loss of 41 cents per share YoY, and revenue of $200 million, beating the consensus estimate of $195.419 million. However, the company lowered its Q4 revenue estimate to between $204 and $205 million, down from the previous $212.6 million estimate. Following the announcement, several analysts updated their ratings and price targets on Confluent, leading to a drop in CFLT shares.

Portfolio Pulse from Erica Kollmann

November 02, 2023 | 3:51 pm

ENTG

Entegris reported worse-than-expected Q3 revenue results and issued Q4 guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:50 pm

PTC

PTC Inc. reported better-than-expected Q4 adjusted EPS results and issued positive guidance for Q4 and FY23, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:48 pm