Streetbeat News

Stock Prices

PATH

UiPath Inc (NYSE:PATH) reported better-than-expected Q2 results, with earnings of nine cents per share and sales of $287 million, beating analyst consensus estimates. The company also provided upbeat Q3 and full-year 2024 revenue guidance. Following the earnings announcement, RBC Capital and BMO Capital increased their price targets on UiPath from $18 to $19, while Needham maintained a $20 price target. UiPath shares gained 2% in pre-market trading.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:38 pm

VRNT

Evercore ISI Group analyst Peter Levine has downgraded Verint Systems (NASDAQ:VRNT) from Outperform to In-Line and lowered the price target from $50 to $28.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:37 pm

ASXC

NVDA

Asensus Surgical has entered into a collaboration with NVIDIA for its Intelligent Surgical Unit, leading to a rise in Asensus's stock.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:35 pm

DLR

DVAX

IONQ

PXD

QSR

TALO

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', recommended buying shares of Restaurant Brands International Inc., the parent company of Popeye's, Burger King, and Tim Horton's. He also spoke positively about Digital Realty Trust, Inc., Pioneer Natural Resources Company, and Dynavax Technologies Corporation. However, he was less enthusiastic about Talos Energy Inc. and IonQ, Inc.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:34 pm

TTC

Toro (NYSE:TTC) reported Q3 adjusted earnings of $0.95 per share, missing the analyst consensus estimate of $1.24 by 23.39%. This is a 20.17% decrease from the same period last year. The company also reported quarterly sales of $1.08 billion, missing the analyst consensus estimate of $1.22 billion by 11.39%, a 6.89% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:31 pm

SPY

The USA Nonfarm Productivity for Q2 has been reported at 3.5%, slightly below the estimated 3.7%, but significantly higher than the previous quarter's -2.1%.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:30 pm

AMZN

COIN

TSLA

WMT

Insiders at Tesla, Amazon, Walmart, and Coinbase Global have recently sold shares. Tesla's SVP, Automotive Xiaotong Zhu sold 2,500 shares, Amazon's CEO Worldwide Amazon Stores Douglas J Herrington sold 4,000 shares, Walmart's Executive Vice President John Rainey sold 1,000 shares, and Coinbase Global's Chief People Officer Lawrence J Brock sold 19,814 shares. The reasons behind these sales are not clear, but they could be due to preplanned sales or concerns about the companies' prospects.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:29 pm

MEI

Methode Electronics, Inc reported mixed Q1 results and provided a disappointing Q2 guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:28 pm

DELL

Barclays has downgraded Dell's stock from Equal-Weight to Underweight, leading to a decrease in the trading price of Dell shares.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:20 pm

PDS

Precision Drilling Corp (NYSE:PDS) has agreed to acquire CWC Energy Services Corp for approximately C$141 million. The deal includes 947,909 PDS shares valued at C$88 million, C$14 million in cash, and the assumption of CWC's outstanding debt. The acquisition is expected to add 62 service rigs in Canada and 11 in the U.S. to PDS's fleet. The transaction is expected to be completed in Q4 FY23 and is anticipated to be accretive on a 2024 cash flow per share basis.

Portfolio Pulse from Lekha Gupta

September 07, 2023 | 12:20 pm