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NICE

NICE Ltd (NASDAQ:NICE) reported strong Q4 fiscal 2023 results with a 9.6% year-over-year revenue growth to $623.19 million, surpassing consensus estimates. Adjusted EPS rose to $2.36 from $2.04, beating expectations. The company provided optimistic FY24 guidance, expecting significant revenue and EPS growth. Following the report, analysts from Wedbush, RBC Capital, and JMP Securities raised their price targets on NICE. Despite the positive results and outlook, NICE shares fell 2.7% to $238.90.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 7:39 pm

ARM

Arm Holdings shares are trading higher amid continued volatility in semiconductor stocks.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:34 pm

EVH

Evolent Health, Inc. (NYSE:EVH) reported Q4 earnings of 23 cents per share, surpassing estimates of 15 cents. Sales were $556.05 million, exceeding expectations of $542.39 million. CEO Seth Blackley highlighted a strong year with over 45% annual revenue growth and successful integration of NIA. Shares rose 11.5% to $33.20. Canaccord Genuity and JMP Securities adjusted their price targets on EVH following the results.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 7:31 pm

RIOT

Riot Platforms (NASDAQ:RIOT) has significantly outperformed the market with an annualized return of 20.35% over the past 5 years, turning a $1000 investment into $4,182.45. The company now has a market capitalization of $3.13 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 7:30 pm

UFPI

UFP Industries (NASDAQ:UFPI) has delivered an average annual return of 12.88% over the past 20 years, turning a $100 investment into $1,037.54 today. The company's market capitalization stands at $6.88 billion, showcasing its significant growth and outperformance in the market.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 7:30 pm

FXI

KWEB

MCHI

China's real estate sector shows signs of stabilization with a slower decline in home prices, attributed to Beijing's efforts and the PBOC's rate cut. However, challenges remain, including a significant YoY drop in contracted sales and vulnerabilities in lower-tier cities. ETFs like KWEB, MCHI, and FXI offer exposure to Chinese equities, which may be influenced by these developments.

Portfolio Pulse from Surbhi Jain

February 23, 2024 | 7:27 pm

AXTI

AXT, Inc. (NASDAQ:AXTI) reported Q4 sales of $20.4 million, surpassing the consensus of $17.6 million and showing improvement from Q3's $17.4 million. Adjusted operating expenses decreased to $7.5 million from $9.0 million the previous year, though the adjusted operating loss widened to $(2.7) million from $(0.3) million a year ago. CEO Morris Young highlighted AI as a new catalyst for demand in indium phosphide for rapid data transfer. Following the report, AXT shares surged 82.8% to $4.17. Analysts from Craig-Hallum, Wedbush, and Needham revised their price targets and ratings, showing increased optimism.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 7:24 pm

AU

AngloGold Ashanti's shares have seen an increase in value following the announcement of their financial results for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:15 pm

JPM

JPMorgan Chase CEO Jamie Dimon sold 821,778 shares of JPM stock on Feb. 22 for a total of $150M, as part of a prearranged Rule 10b5-1 plan announced in October. This marks Dimon's first stock sale since becoming CEO, aimed at financial diversification and tax planning, with no further sales planned beyond the one million shares announced. Despite the sale, JPM shares rose 0.4% to $183.95, reflecting strong company prospects and possibly the pre-announcement softening the impact.

Portfolio Pulse from Chris Katje

February 23, 2024 | 7:11 pm

OLED

Universal Display shares are trading lower after the company reported mixed results for its Q4 earnings, indicating a disparity between expected and actual financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:11 pm