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CIEN

T

VZ

Shares of Ciena Corporation (NYSE:CIEN) rose in early trading on Thursday following a positive outlook from Stifel analyst Ruben Roy. Despite a weakened capex environment for telecom and cable operators, Roy believes Ciena will benefit from increasing capex of cloud service providers and the growing complexity of network architecture. He initiated coverage of Ciena with a Buy rating and a price target of $62.

Portfolio Pulse from Priya Nigam

September 28, 2023 | 3:46 pm

BX

A significant bearish stance has been taken on Blackstone (NYSE:BX) with 75% of investors opening trades with bearish expectations. Of the overall spotted trades, 10 are puts, amounting to $670,648 and 2 are calls, amounting to $395,190. Whales have been targeting a price range from $107.0 to $118.0 for Blackstone over the last 3 months. The price of BX is up 0.96% at $107.57. Morgan Stanley downgraded its action to Overweight with a price target of $125.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:46 pm

VQS

VIQ Solutions has announced its delisting from the Nasdaq, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 3:39 pm

QCOM

A significant investor has taken a bullish stance on Qualcomm (NASDAQ:QCOM), with 66% of recent trades being bullish and 33% bearish. The total amount for puts is $460,455 and for calls is $193,091. Whales have been targeting a price range from $70.0 to $115.0 for Qualcomm over the last 3 months. Wells Fargo maintains an Underweight rating on Qualcomm with a price target of $100, while Keybanc and Rosenblatt have downgraded their actions to Overweight and Buy with price targets of $145.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:32 pm

JPM

A significant bearish stance has been taken on JPMorgan Chase (NYSE:JPM) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $75.0 to $150.0 for JPMorgan Chase over the last 3 months. The price of JPM is up 1.74% at $148.32. Morgan Stanley and Oppenheimer have maintained their Overweight and Outperform ratings on JPMorgan Chase, respectively, while RBC Capital and HSBC have downgraded their actions.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:32 pm

RNLX

Renalytix reported worse-than-expected FY23 revenue results and issued FY24 guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 3:31 pm

SYBX

Trading of Synlogic shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 3:31 pm

BSET

Bassett Furniture Industries Inc (NASDAQ:BSET) reported a 26% YoY sales decline in Q3 FY23 to $87.22 million, beating the analyst consensus estimate of $86.95 million. The company's gross margin expanded 10 basis points to 51.6%, and operating loss for the quarter totaled $(3.8) million. Despite a 4.6% decline in wholesale orders, the company maintains a strong balance sheet with $65.8 million in cash and equivalents.

Portfolio Pulse from Shivani Kumaresan

September 28, 2023 | 3:30 pm

ODFL

Old Dominion Freight Line (NASDAQ:ODFL) has outperformed the market over the past 10 years by 19.33% on an annualized basis, producing an average annual return of 29.05%. If an investor had bought $100 of ODFL stock 10 years ago, it would be worth $1,287.18 today.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:30 pm

CSGP

CoStar Gr (NASDAQ:CSGP) has outperformed the market over the past 20 years, producing an average annual return of 18.07%. If an investor had bought $100 of CSGP stock 20 years ago, it would be worth $2,822.84 today.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:30 pm