Streetbeat News

Stock Prices

AXTA

DGICA

SR

Insiders at Axalta Coating Systems Ltd. (AXTA), Spire Inc. (SR), and Donegal Group Inc. (DGICA) have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects or that they view the stocks as bargains. However, Axalta and Spire reported worse-than-expected financial results, while Donegal posted better-than-expected quarterly sales.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 11:13 am

SCWX

SecureWorks has revised its FY24 revenue forecast to $360M-$368M, down from the previous estimate of $380M-$400M and below the consensus of $384.49M. The company also expects a non-GAAP net loss per share of $(0.36)-$(0.41), compared to the consensus of $(0.39) and previous estimate of $(0.34)-$(0.43).

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:12 am

GIII

G-III Apparel has slightly revised its FY24 sales guidance to approximately $3.30B, up from the previous estimate of $3.29B. This is higher than the consensus estimate of $3.27B.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:08 am

SCWX

SecureWorks has projected its Q3 revenue to be between $88M-$90M, which is lower than the consensus estimate of $96.69M. The company also anticipates a Q3 non-GAAP net loss per share of $(0.05)-$(0.07), compared to the consensus estimate of $(0.06).

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:08 am

TENB

Tenable, a cybersecurity company, has announced its plans to acquire Ermetic, a cloud security company, for approximately $240 million in cash and $25 million in restricted stock and RSUs.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:06 am

SAIC

Science Applications International Corp (SAIC) has updated its FY24 guidance. The company now expects revenue of $7.20B-$7.25B, up from the previous estimate of $7.125B-$7.225B. The adjusted EPS is also expected to increase from $7.00-$7.20 to $7.20-$7.40.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:05 am

SCWX

SecureWorks (NASDAQ:SCWX) reported Q2 adjusted losses of $(0.10) per share, beating the analyst consensus estimate of $(0.15) by 33.33%. This is a 23.08% increase over losses from the same period last year. The company also reported quarterly sales of $92.97 million, beating the analyst consensus estimate of $91.33 million by 1.79%. However, this is a 19.98% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:03 am

AI

AMKR

BB

CHPT

PLAY

ROL

SPWH

VRNT

YEXT

Several US stocks traded lower in Thursday's pre-market session. Sportsman's Warehouse Holdings, Verint Systems, Yext, Amkor Technology, ChargePoint Holdings, BlackBerry, C3.ai, Dave & Buster's Entertainment, and Rollins all recorded losses. The reasons for the declines include downbeat Q2 results, weak quarterly results, mixed Q2 earnings, secondary offering of shares, and anticipated revenue decline.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 11:00 am

TSLA

Tesla's Giga Shanghai factory has produced its two millionth electric vehicle. The factory, which is Tesla's largest worldwide, achieved this milestone in a significantly shorter time than it took to produce its first million vehicles. The Giga Shanghai factory is a crucial part of Tesla's operations, producing both Model 3 and Model Y vehicles, and serving as an export hub. In Q2, sales from made-in-China cars accounted for 53% of Tesla's total sales. A hypothetical $1,000 investment in Tesla when the factory started production in Oct. 2019 would now be worth $14,836.3, a 1,384% return in four years.

Portfolio Pulse from Shanthi Rexaline

September 07, 2023 | 11:00 am

DBI

Designer Brands has projected its FY23 earnings per share (EPS), excluding Keds, to be between $1.20 and $1.50, compared to the estimated $1.29.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:50 am