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TDS

Telephone and Data (NYSE:TDS) reported Q2 losses of $(0.17) per share, missing the analyst consensus estimate of $(0.04) by 325 percent. This is a 213.33 percent decrease over earnings of $0.15 per share from the same period last year. The company also reported quarterly sales of $1.27 billion, missing the analyst consensus estimate of $1.31 billion by 3.21 percent, a 6.08 percent decrease over sales of $1.35 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:10 pm

SSP

E.W. Scripps Co has projected a decrease in Q3 local media revenue by a mid-single-digit percent range, and a drop in Scripps Networks revenue by around 10%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:10 pm

FTNT

TD Cowen analyst Shaul Eyal has downgraded Fortinet (NASDAQ:FTNT) from Outperform to Market Perform and lowered the price target from $90 to $70.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 3:10 pm

DBX

Dropbox, Inc. (NASDAQ:DBX) reported strong Q2 results, beating analyst consensus estimates for both earnings per share and sales. Following the announcement, Keybanc and JMP Securities raised their price targets on Dropbox. Dropbox shares gained 4.9% in pre-market trading.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:09 pm

HRZN

Compass Point analyst Casey Alexander has downgraded Horizon Tech Finance (NASDAQ:HRZN) from Neutral to Sell and set a price target of $11.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 3:08 pm

FTNT

Fortinet Inc (NASDAQ:FTNT) shares dropped by around 20% after the company reported Q2 FY23 earnings and provided weak guidance. Despite beating EPS consensus and increases in product and service revenue, sales missed estimates. The company also revised its FY23 guidance downwards. As of August 3, 2023, the company had around $2.03 billion remaining available for share repurchases.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 3:08 pm

AAPL

Rosenblatt analyst Barton Crockett has downgraded Apple (NASDAQ:AAPL) from Buy to Neutral, while maintaining a price target of $198.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:08 pm

FLGT

Fulgent Genetics (FLGT) anticipates Q3 FY23 sales to be around $65M, surpassing the consensus estimate of $62.84M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:08 pm

AAPL

DBVT

SPY

TSLA

The US markets experienced lower volatility ahead of the jobs report, with the S&P 500 settling lower. DBV Technologies and other penny stocks are being bought by insiders. In crypto, Shiba Inu outperformed Dogecoin and Pepe Coin, while Bitcoin, Ethereum, and Dogecoin fell amid rising jobless claims. Apple has been working on ChatGPT-like AI tech for years and is preparing for the iPhone 15 Pro launch. Tesla is gearing up for the launch of the 'Highland' Model 3. Hedge funds lost over $6B betting against US cruise lines and hotels.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 3:08 pm

USM

Trading of U.S. Cellular shares has been halted, pending news. The nature of the news is not yet disclosed.

Portfolio Pulse from Charles Gross

August 04, 2023 | 3:07 pm