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SMAR

Smartsheet has projected its Q3 adjusted EPS to be between $0.08-$0.09, higher than the estimated $0.07. The company also expects its total revenue to be between $240M-$242M, slightly below the estimated $241.24M. For FY24, Smartsheet anticipates its adjusted EPS to be $0.53-$0.57, higher than the estimated $0.42, and total revenue to be $950M-$953M, higher than the estimated $945.8M.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:09 pm

DOCU

DocuSign has projected its Q3 total revenue to be between $687M and $691M, surpassing the estimated $686.03M. The company also forecasts its FY24 total revenue to be between $2.725B and $2.737B, higher than the estimated $2.72B.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:07 pm

ASPS

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has announced the commencement of an underwritten public offering of its common stock. The size and terms of the offering are yet to be determined. The company also plans to grant underwriters a 30-day option to purchase up to an additional 15% of shares. B. Riley Securities is the sole book-running manager for the offering. Altisource intends to use the proceeds for general corporate purposes, including debt repayment.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:05 pm

DMS

Trading of Digital Media Solutions (DMS) shares has resumed.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:01 pm

EA

Electronic Arts Inc.'s (NASDAQ:EA) stock price is currently at $121.29, after a 0.32% increase. However, the stock has decreased by 0.80% over the past month and by 5.93% over the past year. The company's P/E ratio of 37.31 is higher than the aggregate P/E ratio of the Entertainment industry (33.02), suggesting that the stock may be overvalued.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 8:00 pm

SPY

Federal Reserve's Williams stated that the slowing wage growth indicates some success in lowering inflation. He also mentioned that inventories are normalizing and the economy is not seeing a traditional inflation cycle. He expects the unemployment rate to rise to the low 4% range.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 7:58 pm

CHPT

Needham analyst Chris Pierce maintained a Buy rating for ChargePoint Holdings Inc (NYSE:CHPT) but lowered the price target from $13 to $9. The re-rating reflects 2Q results, company commentary, lower estimates, and a lower target multiple. Economic uncertainty and delays in vehicle electrification have driven CHPT revenue estimates lower for the third consecutive quarter. Despite this, Pierce views CHPT as a key player in EV adoption. However, slower growth in CHPT revenue despite faster EV adoption is lowering investor confidence.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 7:57 pm

SPY

Federal Reserve's John Williams has stated that there are reasons to expect some weakening in consumer spending. He emphasized that the main focus of the Fed is inflation and that price pressure must come down.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 7:55 pm

SPY

The market on close imbalance is leaning towards the buy-side with $3.1 billion. This indicates a potential increase in demand for stocks at the close of the market.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 7:53 pm

DMS

Shares of Digital Media Solutions (DMS) have resumed trading after being halted on a circuit breaker. The stock is now up by 36.6%.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 7:50 pm