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CSCO

Cisco Systems, Inc. reported better-than-expected Q4 earnings, leading to a rise in its shares in the after-hours session. The company reported earnings of $1.14 per share, beating the analyst consensus estimate of $1.06. Revenues of $15.20 billion also surpassed the analyst consensus estimate of $15.05 billion, marking a 16.01% increase over the same period last year. Total software revenue and software subscription revenue were up 17% and 20% year-over-year respectively. The company estimates full-year 2024 earnings per share to be between $4.01 and $4.08, and revenue to be between $57 billion and $58.2 billion.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 8:44 pm

IDEX

Ideanomics (IDEX) has received a notice from Nasdaq regarding the late filing of its quarterly report on Form 10-Q. The company is expected to submit the report soon to avoid any potential delisting.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:38 pm

ALIT

Alight Inc. has entered into a repurchase agreement with selling stockholders to purchase approximately $10 million shares of common stock. The transaction will be privately negotiated and will occur concurrently with the closing of the offering.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:34 pm

SNPS

Synopsys reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:33 pm

ALIT

Alight, Inc. (NYSE:ALIT) has announced a secondary public offering of up to 22.5 million shares of its Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd., and Platinum Falcon B 2018 RSC Ltd. The company has also entered into a repurchase agreement with the selling stockholders to repurchase an aggregate of $10 million of shares concurrently with the closing of the offering. The offering is expected to close on August 22, 2023.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:33 pm

PBTS

Powerbridge Technologies has received a Nasdaq notification letter regarding a minimum bid price deficiency. The company's stock, PBTS, is currently not meeting the minimum bid price of $1.00 per share required for continued listing on the Nasdaq Stock Market.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:32 pm

CSCO

Cisco Systems reported Q4 financial results and issued Q1 and FY24 guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:32 pm

AVGO

Unusual options activity has been observed for Broadcom (NASDAQ:AVGO), with a large bullish position appearing on publicly available options history. Benzinga's options scanner spotted 11 options trades for Broadcom, which is not normal. The sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $580.0 to $910.0 for Broadcom over the last 3 months. The price of AVGO is currently down -1.13% at $832.99.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 8:31 pm

CHTR

Charter Communications (NASDAQ:CHTR) has outperformed the market over the past 10 years, producing an average annual return of 11.94%. If an investor had bought $100 of CHTR stock 10 years ago, it would be worth $313.09 today.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 8:30 pm

AMAT

Applied Mat (NASDAQ:AMAT) has outperformed the market over the past 5 years by 16.91% on an annualized basis, producing an average annual return of 25.87%. If an investor had bought $100 of AMAT stock 5 years ago, it would be worth $317.60 today.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 8:30 pm