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CMBM

Cambium Networks Corp (NASDAQ:CMBM) shares dropped by 36.5% after the company announced a cut in its Q3 revenue outlook from $62-$70 million to $40-$45 million. The company cited delayed government orders, slow sector growth, reduced orders, and economic challenges in EMEA as reasons for the cut. The company's full-year 2023 guidance is suspended. Despite lower reported revenues, point-of-sale revenues are up, suggesting reduced channel inventories. The company also has about $27 million in cash and a $45 million unused credit line.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 1:21 pm

HOLI

A buyer consortium led by Recco Control Technology and Dazheng Group has reiterated its all-cash offer of $25 per share for Hollysys. This follows Hollysys' announcement of a formal sale process.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 1:17 pm

BKE

Specialty retailer Buckle Inc (NYSE:BKE) reported an 11.1% YoY drop in comparable store net sales for September 2023. The company's net sales for the month also declined by 10.7% YoY to $103.1 million. For the 35-week period ending September 30, 2023, comparable store net sales decreased by 6.8% and net sales totaled $790.9 million, a decrease of 6.4% Y/Y.

Portfolio Pulse from Akanksha Bakshi

October 05, 2023 | 1:17 pm

AMZN

DIS

EAT

GLD

NVDA

OIL

QQQ

RIVN

TSLA

The article lists the top 10 trending stocks on WallStreetBets as of October 5, 2023. The stocks mentioned are TSLA, NVDA, RIVN, OIL, AI, QQQ, DIS, GLD, AMZN, and EAT.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:15 pm

GEHC

GE HealthCare Techs's (NYSE:GEHC) short percent of float has risen 25.4% since its last report, with 14.20 million shares sold short, which is 3.9% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Compared to its peers, GEHC has more short interest.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 1:15 pm

ASML

ASML Holding's short percent of float has risen 17.95% since its last report, with 1.81 million shares sold short, which is 0.46% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, ASML Holding has less short interest as a percentage of float, with an average of 5.77%.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 1:15 pm

ADI

Analog Devices's (NYSE:ADI) short percent of float has risen 5.74% since its last report, with 6.38 million shares sold short, which is 1.29% of all regular shares available for trading. It would take traders 1.85 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, ADI's peer group average for short interest as a percentage of float is 3.67%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 1:15 pm

EURN

Euronav NV has responded to media reports and share suspension, acknowledging speculation about a possible transaction involving two of its largest shareholders, Frontline Plc and CMB NV.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:13 pm

CMBM

EGIO

EXTR

GVP

KERN

MIMO

SASI

SMX

SVRE

In Thursday's pre-market session, nine IT stocks showed significant movement. SMX, SVRE, and EGIO saw gains of 13.3%, 8.69%, and 7.58% respectively. On the other hand, CMBM, KERN, GVP, SASI, MIMO, and EXTR experienced losses ranging from 5.61% to 36.5%.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 1:10 pm

AENT

BODY

GDHG

MSN

RIVN

VFS

During Thursday's pre-market session, several consumer discretionary stocks saw significant movement. Gainers included Alliance Entertainment (AENT), Golden Heaven Group Hldgs (GDHG), VinFast Auto (VFS), PARTS iD (ID), Torrid Holdings (CURV), and EBET (EBET). Losers included Emerson Radio (MSN), Inspirato (ISPO), Rivian Automotive (RIVN), Dixie Gr (DXYN), RumbleON (RMBL), and Beachbody Co (BODY).

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 1:10 pm