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SHOP

Shopify's shares are trading higher following the release of its Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 1:05 pm

ALGN

FITB

L

TBI

Insiders at Fifth Third Bancorp, Loews Corporation, Align Technology, and TrueBlue have made notable purchases of their companies' stocks. Fifth Third Bancorp and Loews reported better-than-expected earnings, while Align Technology and TrueBlue reported weaker-than-expected results. Insider purchases can indicate confidence in the company's prospects or that the stock is viewed as a bargain.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 1:05 pm

CFLT

FSLY

Several IT stocks showed significant movement in Thursday's pre-market session. Fastly, Aware, Palantir Technologies, 8x8, Envestnet, and Mawson Infra Gr saw their stocks rise, with Fastly leading the gainers with a 20% increase. On the other hand, Confluent, Procore Technologies, SolarEdge Technologies, Tenable Holdings, Infobird Co, and EMCORE saw their stocks fall, with Confluent leading the losers with a 37.2% decrease. Most of these movements were influenced by the release of Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 1:05 pm

NKLA

Nikola Corporation has announced that it and its dealers have received 277 non-binding orders from 35 customers for its hydrogen fuel cell electric truck.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 1:05 pm

ROKU

Roku Inc's shares are trading higher after the company reported strong Q3 results, beating consensus estimates with a revenue of $912.02 million, up 20% YoY. The company also reported a quarterly loss of $2.33 per share and an adjusted EBITDA of $43 million. Roku's active accounts increased by 2.3 million to 75.8 million. The company expects Q4 net revenue of approximately $955 million. Following the results, Pivotal Research upgraded Roku from Sell to Hold and raised the price target from $58 to $75.

Portfolio Pulse from Adam Eckert

November 02, 2023 | 1:00 pm

PYPL

PayPal Holdings Inc's Q3 results beat estimates, with revenues of $7.4 billion and EPS of $1.30. Revenues were up 8% YoY, while earnings jumped 20%. Total payment volume climbed 13% to $387.7 billion. However, total active accounts decreased from 432 million YoY to 428 million. The company expects Q4 revenue to be up 6% to 7% YoY and adjusted earnings of approximately $1.36 per share. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating for PayPal but lowered the price target from $110 to $100.

Portfolio Pulse from Adam Eckert

November 02, 2023 | 12:59 pm

JAKK

JAKKS Pacific reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:58 pm

PCOR

Procore Technologies reported its Q3 financial results and issued guidance, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:58 pm

SEDG

SolarEdge Technologies reported a year-over-year decrease in Q3 adjusted EPS and worse-than-expected Q3 sales results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:57 pm

SMCI

Super Micro Computer reported better-than-expected Q1 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:57 pm