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Arm Ltd has announced that Barclays, Goldman Sachs & Co Llc, J.P. Morgan, Mizuho, B of A Securities, and Citigroup will be the underwriters for its upcoming IPO, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:30 pm

SFTBY

Arm Ltd, backed by Softbank, has filed an F-1 document with the U.S. SEC, applying to list its American Depositary Shares (ADSS) on the Nasdaq Global Select Market under the symbol 'ARM'.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:29 pm

DFLI

Dragonfly Energy Holdings (DFLI) expects Q3 earnings per share (EPS) to be between $(0.27) and $(0.21), lower than the estimated $(0.07). The company also forecasts revenue to be between $16M and $20M, which is significantly less than the estimated $36.35M.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:18 pm

HD

A significant bearish stance on Home Depot (NYSE:HD) has been observed through unusual options activity. The sentiment among big-money traders is 70% bearish and 30% bullish. The targeted price range for Home Depot over the last 3 months has been from $170.0 to $400.0. The current price of HD is down -1.01% at $324.06. Analysts have mixed ratings on Home Depot, with price targets ranging from $315 to $384.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:16 pm

ABT

A significant bearish stance has been taken on Abbott Laboratories (NYSE:ABT) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 7% bullish and 92% bearish. The whales have been targeting a price range from $85.0 to $130.0 for Abbott Laboratories over the last 3 months. Barclays maintains an Overweight rating on Abbott Laboratories with a price target of $132.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:16 pm

ANET

A large investor has taken a bearish stance on Arista Networks (NYSE:ANET), with 20 uncommon options trades spotted, split between 45% bullish and 55% bearish. The whales have been targeting a price range from $115.0 to $210.0 for Arista Networks over the last 3 months. The price of ANET is up 2.29% at $184.67. JMP Securities, Needham, and Barclays have maintained their positive ratings on Arista Networks with a price target of $200, while Rosenblatt has downgraded its action to Buy with a price target of $175.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:15 pm

SSNC

SS&C Technologies Holdings, Inc. (SSNC) has announced an increase in its quarterly dividend payout from $0.20 to $0.24 per share, payable on September 15, 2023. The company's business is performing well, with net cash from operating activities up 30.5% from the same period a year ago.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 8:10 pm

LSEA

Landsea Homes has announced a secondary common stock offering of 4.2 million shares by selling stockholder Green Investment Alpha. Concurrently, the company plans to repurchase 800,000 of its own shares.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:09 pm

SOPA

Society Pass Inc has entered into a sales agreement with Ascendiant Capital Markets for an offering of up to $10M in common stock. The agreement was made on August 21.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 8:09 pm

ZM

Zoom Video Communications, Inc. (ZM) reported a 6.9% YoY increase in enterprise customers at the end of Q2, reaching a total of 218,100.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:09 pm