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COO

CooperCompanies announced a 4-for-1 stock split, set to take effect on February 16. This move is likely aimed at making the company's shares more accessible to a broader range of investors by reducing the price per share, without affecting the overall market capitalization.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:48 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) reported Q4 earnings with revenue of $953.79 million, surpassing the consensus estimate of $822.36 million, and a surprise profit of $1.04 per share against an expected loss of 1 cent per share. This marks the fourth consecutive quarter Coinbase has exceeded analyst expectations. Transaction revenue rose 83% QoQ to $529 million, while subscription and services revenue increased 12% QoQ to $375 million. Bitcoin and Ethereum represented significant portions of trading volume and transaction revenues. The company aims to focus on driving revenue, utility in crypto, and regulatory clarity in 2024. Coinbase anticipates Q1 subscription and services revenue between $410 million and $480 million, with $320 million in transaction revenue as of Feb. 13. Shares were up 8.41% after hours at $179.45.

Portfolio Pulse from Adam Eckert

February 15, 2024 | 9:48 pm

CMBM

Cambium Networks projects its FY 2024 adjusted EPS to be in the range of $(0.48) to $0.08, compared to the estimated $(0.23). The company also forecasts revenue to be between $215.0M and $245.0M, versus the estimated $226.208M.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:48 pm

DASH

DoorDash Inc (NASDAQ:DASH) reported Q4 earnings with a 27% increase in revenue to $2.3 billion, surpassing estimates but missed EPS expectations with a loss of 39 cents per share. Total orders rose 23% to 574 million. The company announced aggressive investments in local commerce, generating significant sales for merchants and earnings for Dashers. DoorDash expects Q1 marketplace GOV between $18.5 billion and $18.9 billion, with adjusted EBITDA of $320 million to $380 million. Additionally, a share repurchase program of up to $1.1 billion was approved. Post-earnings, DASH shares dropped 8.77% after hours.

Portfolio Pulse from Adam Eckert

February 15, 2024 | 9:48 pm

HTGC

Hercules Capital (NYSE:HTGC) reported Q4 earnings of $0.56 per share, surpassing the $0.50 estimate, and sales of $122.60M, exceeding the $117.48M estimate. This represents a 19.15% increase in earnings and a 22.37% increase in sales from the same period last year.

Portfolio Pulse from Happy Mohamed

February 15, 2024 | 9:46 pm

MERC

Mercer International (NASDAQ:MERC) reported Q4 earnings with an EPS of $-0.8, missing estimates by 48.15% compared to the expected $-0.54. Revenue decreased by $112.56 million from the same period last year. Despite beating EPS estimates last quarter, which led to a 13.32% share price increase the next day, this quarter's results show a significant miss.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:45 pm

NOG

Northern Oil and Gas, Inc. (NOG) provided a Q4 2023 operations update and preliminary 2024 guidance, highlighting a 20% year-over-year growth in production. Q4 production was estimated at 114.4 Mboe per day, with annual production at the high end of guidance. The company executed $25 million in Ground Game acquisitions in Q4 and anticipates a slight decrease in Q1 2024 production volumes due to weather disruptions and planned curtailments. NOG expects strong returns from its acquisitions, with cash flow contributions mainly in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:44 pm

ALRN

Aileron Therapeutics, Inc. (NASDAQ:ALRN) is hosting a virtual event to discuss LTI-03, its lead product candidate for treating Idiopathic Pulmonary Fibrosis (IPF), with pulmonary care experts. LTI-03, a novel Caveolin-1-related peptide, targets alveolar epithelial cell survival and inhibits profibrotic signaling, offering a potential new treatment option for IPF. The company expects to announce Phase 1b study topline data in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:40 pm

GDX

NEM

RING

Value investors are targeting mining stocks, particularly gold miners like Newmont Corp (NYSE:NEM), due to a significant market dislocation. Taylor McKenna of Kopernik Global Investors highlighted the gap between metal prices and mining company valuations, noting gold stocks are at a 50-80% discount despite rising gold prices. Newmont Corp's stock has dropped 60% from last year, despite gold's 10% price increase. McKenna views this as an undervaluation, especially after Newmont's acquisition of Newcrest Mining. ETFs holding Newmont Corp include iShares MSCI Global Gold Miners ETF (NYSE:RING), VanEck Gold Miners ETF (NYSE:GDX), and others, indicating a broader market impact.

Portfolio Pulse from Piero Cingari

February 15, 2024 | 9:38 pm

TTD

The Trade Desk, Inc. (NASDAQ:TTD) reported mixed Q4 results with earnings per share of 41 cents, missing estimates by 4.65%, but surpassed sales expectations with $605.8 million, a 23.45% increase year over year. The company also announced an additional $647 million for its share repurchase program and provided a positive outlook for Q1 with expected revenue of at least $478 million. Following the announcement, TTD shares surged 18.8% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 15, 2024 | 9:38 pm