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NIO

Nio Inc (NYSE:NIO) shares fell amid declining electric vehicle deliveries in China, with Bernstein analyst Eunice Lee highlighting a challenging outlook for 2024. The company's market share dropped from 5% in 2021 to 2%, despite an expanded model lineup. Lee downgraded Nio's price target from $7.50 to $5.50, citing margin contraction, widening losses, and a lack of impactful new models.

Portfolio Pulse from Priya Nigam

March 07, 2024 | 4:17 pm

CIEN

FFND

XTL

Ciena Corp (NYSE:CIEN) reported a slight revenue decline in Q1 fiscal 2024, with $1.04 billion versus the expected $1.02 billion, and an adjusted EPS of $0.66, beating the consensus of $0.48. Despite these beats, CIEN stock plunged due to a revenue decline in its Networking Platforms segment and a lower than expected revenue outlook for fiscal 2024. The company also forecasts a Q2 revenue below consensus and expects adjusted gross margins in the low-40s% for Q2. Investors can also gain exposure to CIEN through SPDR S&P Telecom ETF (NYSE:XTL) and The Future Fund Active ETF (NYSE:FFND).

Portfolio Pulse from Anusuya Lahiri

March 07, 2024 | 4:15 pm

AEO

An executive from American Eagle Outfitters revealed that the company's customer count across its brands reached a record high of over 22 million in Q4, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:14 pm

PSFE

Paysafe's stock is trading lower following the announcement of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:11 pm

ABM

ABM Industries shares surged following the announcement of better-than-expected Q1 results and an upward revision of its FY24 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:06 pm

HDSN

Hudson Technologies' shares dropped following the announcement of their Q4 financial results. Concurrently, B. Riley Securities reaffirmed a Buy rating on HDSN but reduced the price target from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:03 pm

CECO

CECO Environmental Corp. shares have seen an increase in their trading value following the decision by multiple analysts to raise their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:02 pm

REAX

The Real Brokerage Inc. shares experienced an increase following the announcement of their fourth-quarter revenue results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:01 pm

CCOI

Analyst ratings for Cogent Comms Hldgs (NASDAQ:CCOI) show a mix of sentiments, with recent adjustments including both raised and lowered price targets. The average 12-month price target is now $80.0, reflecting a slight decrease. Cogent, a significant player in internet traffic and broadband for businesses, has shown impressive financial performance with a revenue growth rate of 79.04% and a net margin of 73.56%. Despite this, its revenue growth rate is below the sector average.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 4:01 pm

DVN

Devon Energy (NYSE:DVN) has received mixed analyst ratings over the past quarter, with a total of 8 analysts offering opinions ranging from bullish to bearish. The average 12-month price target is $55.88, a decrease from the previous $58.00. Analyst actions include maintaining, lowering, and raising ratings and price targets, reflecting varied perceptions of the company's market position. Devon Energy, a major exploration and production company in North America, has shown a negative revenue trend with a -3.58% growth, a below-industry net margin, but impressive ROE and ROA figures. The company's debt-to-equity ratio is higher than the industry average.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 4:01 pm