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Stock Prices

ME

23andMe's stock price is trading lower following the announcement of disappointing Q3 financial results and a revenue guidance for FY24 that falls below market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:47 pm

APPS

Digital Turbine's shares dropped following disappointing Q3 financial results and lower-than-expected FY24 adjusted EPS and revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:47 pm

MPWR

Monolithic Power Systems, Inc. (NASDAQ:MPWR) exceeded fourth-quarter earnings and sales expectations, raised its quarterly dividend from $1 to $1.25, and announced the acquisition of Axign B.V. Shares rose 2% to $645.41. Keybanc and Needham increased their price targets for MPWR following the earnings report.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 1:46 pm

COST

Wells Fargo analyst George Kelly has maintained an Equal-Weight rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $610 to $675.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:45 pm

RPD

Rapid7's stock price declined following the announcement of Q4 financial results and FY24 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:45 pm

CNM

Core & Main Inc. (NYSE:CNM) announced Stephen O. LeClair as the new chairman of the board, effective immediately, while also serving as CEO. James G. Castellano and Kathleen M. Mazzarella take on new board roles. Affiliates of Clayton, Dubilier & Rice (CD&R) resigned from the board following the sale of their remaining stake in Core & Main in January 2024. The company emphasizes its focus on local service, profitable growth, strong cash flow, and delivering value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:45 pm

ARRV

BRSH

Arrive Partners has signed an agreement with AllMart Marketplace to deploy smart mailboxes in Antigua, with autonomous delivery testing to follow in the second half of 2024. Additionally, Arrive and Brüush have entered into a merger agreement, planning a reverse triangular merger in an all-stock transaction. The merged entity, to be named Arrive Technology Inc., will focus on Arrive's smart Mailbox-as-a-Service platform, aiming for a Nasdaq listing under the ticker 'ARRV'. The merger is expected to close in Q2 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:45 pm

ADSE

ADS-TEC Energy (NASDAQ:ADSE) announced preliminary Q4 and FY 2023 financial results, showing significant revenue growth and its first profitable quarter. FY 2023 revenue reached approximately €107.4M, a 306% increase over FY 2022, with Q4 2023 revenue at about €50.3M. The company also reported a positive Q4 Adjusted EBITDA of €4.9M. ADS-TEC Energy attributes this success to easing supply chain issues, operational performance, and strong demand in Europe. The company reiterates its FY 2024 guidance of €200M in revenues and positive EBITDA.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:43 pm

QLYS

Qualys shares dropped following mixed Q4 financial results and FY24 guidance for adjusted EPS and revenue that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:43 pm

ACLS

Axcelis Technologies' shares dropped following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:42 pm