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ANET

Arista Networks (NYSE:ANET) reported better-than-expected Q3 results and issued strong Q4 revenue guidance. Revenue grew 28.3% Y/Y to $1.509 billion, beating the consensus of $1.480 billion. Adjusted EPS of $1.83 surpassed the consensus of $1.58. For Q4, Arista expects revenues of $1.500 billion-$1.550 billion vs. consensus of $1.47 billion. Following the earnings announcement, several analysts raised their price targets on Arista Networks.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 6:22 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher by more than 9% on Tuesday, despite a lack of company-specific news. The stock is attempting to recover after falling 8% in the last five days and more than 25% over the last month. The company is set to release its Q2 financial results on Nov. 9, with an expected loss of 15 cents per share and estimated quarterly revenue of $92.3 million. On Oct. 11, the company announced that it received EU GMP certification for its cannabis cultivation facility in Ontario.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 6:22 pm

ABEV

Ambev's shares are trading higher following the release of its Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:16 pm

VFC

V.F. Corp (NYSE:VFC) reported mixed Q2 results and withdrew its full-year guidance. The company reported quarterly sales of $3.03 billion, slightly beating estimates, but earnings per share of 63 cents missed estimates of 66 cents. Full-year free cash flow is expected to be around $600 million, down from previous guidance of $900 million. Following the announcement, VF Corp shares dipped 13.7% and several analysts lowered their price targets.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 6:16 pm

PBR

A significant bullish stance has been taken on Petrobras Brasileiro (NYSE:PBR) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 70% bullish and 30% bearish. The mean open interest for Petrobras Brasileiro options trades today is 22469.29 with a total volume of 12,055.00. Whales have been targeting a price range from $12.0 to $30.0 for Petrobras Brasileiro over the last 3 months.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 6:16 pm

IFF

International Flavors & Fragrances Inc. (IFF) has agreed to sell its Cosmetic Ingredients business unit to Clariant for $810 million. This has led to an increase in IFF's share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:15 pm

XYL

Xylem shares are trading higher following the company's better-than-expected Q3 financial results and raised FY23 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:15 pm

OCUL

Ocular Therapeutix has announced positive top-line results from its real-world study in China evaluating the safety and efficacy of DEXTENZA in patients after cataract surgery. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:14 pm

ACGL

Arch Capital's shares are trading higher following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:14 pm

GEHC

GE HealthCare Technologies reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:14 pm