Streetbeat News

Stock Prices

FTNT

Stifel analyst Adam Borg has downgraded Fortinet (NASDAQ:FTNT) from Buy to Hold and lowered the price target from $69 to $52.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:21 pm

NIO

Chinese electric vehicle startup Nio, Inc. (NYSE:NIO) plans to cut 10% of jobs in November, targeting 'duplicate' and 'inefficient' jobs. The company will also defer or cut project investments that won't contribute to its financial performance within three years. The news led to a positive reaction from investors, with Nio's stock rising 2.82% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

November 03, 2023 | 12:19 pm

ATXS

Astria Therapeutics will present new data on STAR-0215 at the 2023 American College of Allergy, Asthma, and Immunology Annual Scientific Meeting.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:15 pm

ACN

NET

SNAP

TTD

Insiders at Trade Desk Inc (TTD), Snap Inc (SNAP), Accenture Plc (ACN), and Cloudflare Inc (NET) have recently sold shares. TTD's CEO sold shares worth $11.2 million, SNAP's General Counsel sold shares worth $129,117, ACN's General Counsel sold shares worth $324,900, and NET's Director sold shares worth $450,091. These sales could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 12:10 pm

MSTR

SQ

Block Inc (NASDAQ:SQ) and MicroStrategy Inc (NASDAQ:MSTR) have both invested heavily in Bitcoin. Block reported a 37.5% growth in Bitcoin-related revenue, reaching $2.42 billion. MicroStrategy purchased an additional 155 bitcoins in October, bringing its total to 158,400 bitcoins. However, MicroStrategy recorded an impairment loss on its digital asset holdings during Q3. Over the past year, MicroStrategy's stock saw an 82.59% increase, while Block's stock decreased by 18.42%.

Portfolio Pulse from Mehab Qureshi

November 03, 2023 | 12:10 pm

IRMD

IRADIMED has updated its FY23 revenue forecast to a range of $65.0M-$65.5M, which is higher than the consensus estimate of $64.77M and its previous range of $64.5M-$65.5M.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:08 pm

GTES

Gates Industrial has updated its FY23 forecast, expecting an adjusted EPS of $1.22-$1.28, up from the previous estimate of $1.18-$1.24. The company also anticipates FY23 adjusted EBITDA to be between $725M-$735M, slightly adjusted from the prior view of $710M-$740M.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:08 pm

KOP

Koppers Holdings Inc. has projected its FY23 revenue to be $2.1 billion, slightly below the estimated $2.12 billion. The company also expects its adjusted EPS to range between $4.35 and $4.55, compared to the estimated $4.46.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:06 pm

PAGP

Plains GP Holdings (NASDAQ:PAGP) reported Q3 earnings of $0.15 per share, missing the analyst consensus estimate of $0.20 by 25%. This is a 58.33% decrease from the same period last year. The company also reported quarterly sales of $12.07 billion, missing the analyst consensus estimate of $12.56 billion by 3.90%. This is a 15.81% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:05 pm

AAPL

Apple Inc. reported better-than-expected Q4 results for fiscal year 2023, but shares slid over 2% in premarket trading due to a continued decline in year-over-year revenue for the fourth consecutive quarter. CFO Luca Maestri expects flat revenue for the December quarter, contrary to the consensus expectation of a 5% growth. However, Wedbush analyst Daniel Ives remains optimistic, reiterating an Outperform rating and a $240 price target on the stock.

Portfolio Pulse from Shanthi Rexaline

November 03, 2023 | 12:04 pm