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TENB

Tenable Holdings Inc (NASDAQ:TENB) shares are trading higher after the company reported better-than-expected Q2 results and issued strong guidance. Q2 revenue was $195.04 million, beating estimates of $190.19 million, and Q2 EPS was 22 cents, beating estimates of 13 cents. The company expects Q3 revenue to be between $197 million and $199 million, and full-year revenue to be between $783 million and $791 million. Needham analyst Mike Cikos maintained Tenable with a Buy rating and raised the price target from $48 to $55.

Portfolio Pulse from Adam Eckert

July 26, 2023 | 12:51 pm

CAKE

Kalinowski Research analyst Mark Kalinowski has downgraded Cheesecake Factory (NASDAQ:CAKE) from Buy to Neutral.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 12:50 pm

ABOS

BHLB

CULP

Insider trades were noted in Acumen Pharmaceuticals, Culp, and Berkshire Hills Bancorp. Acumen Pharmaceuticals Director Rajeev Shah acquired 5,161,290 shares at an average price of $7.75, costing around $40 million. This follows the company's upsizing of its previously announced offering to $130 million from $100 million. Culp Director Lee Jonathan Kelly acquired 3,130 shares at an average price of $5.48, costing around $17,156, after the company posted a narrower-than-expected Q4 loss. Berkshire Hills Bancorp President and CEO Nitin Mhatre bought 1,500 shares at an average price of $22.29, costing around $33,435, following the company's downbeat quarterly results.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:50 pm

Owens Corning Inc's Q2 FY23 net sales decreased by 1.5% YoY to $2.56 billion, beating the consensus of $2.54 billion. Adjusted EPS was $4.22, above the consensus of $3.23. The company's gross profit rose 2.5% YoY to $752 million. The company held cash and equivalents of $968 million at the end of Q2. For Q3 2023, the company expects net sales similar to the comparable quarter in the prior year, while generating high-teen EBIT margins. The company revised its guidance for FY23.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 12:45 pm

INTC

TSEM

Tower Semiconductor Ltd (TSEM) reported a Q2 FY23 revenue decline of 16.2% YoY to $357.2 million, beating consensus estimates. Gross profit and operating profit also declined. The company, which is set to be acquired by Intel Corp (INTC), saw its shares rise by 11.70% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 12:43 pm

ATVI

HPK

TTWO

VTLE

ZBH

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', recommended buying Zimmer Biomet Holdings (ZBH) and Take-Two Interactive Software (TTWO), while expressing skepticism about Vital Energy (VTLE) and suggesting to sell Activision Blizzard (ATVI). He also showed support for HighPeak Energy (HPK), despite some hedge funds shorting it.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:42 pm

NVO

Novo Nordisk's shares are trading lower following an announcement by Britain's drug watchdog that it is investigating a class of drugs that includes Novo's diabetes medicine Ozempic and weight-loss treatment Saxenda, due to reports of suicidal thoughts.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 12:40 pm

CHKP

Check Point Software Technologies Ltd reported Q2 FY23 revenue growth of 3% YoY to $588.7 million, missing consensus of $588.9 million. Non-GAAP EPS of $2.00 beat consensus of $1.89. Revenue from Products and licenses declined 12% YoY, Security subscriptions increased 14% YoY, and Software updates and maintenance grew 2.1% YoY. Non-GAAP operating margin increased by 100 basis points to 45%. The company generated $191 million in operating cash flow and held $3.5 billion in cash and equivalents. CHKP shares traded lower by 2.88% at $125.00 premarket.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 12:39 pm

SPWR

SunPower reported below consensus Q2 revenue and guided FY23 net loss, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 12:37 pm

AAPL

GOOG

GOOGL

Apple Inc's launch of the Vision Pro headset has sparked renewed interest in the AR/VR sector, with the company positioning the device as a potential game-changer. Despite a high price tag and unclear release date, investors are focusing on the market validation that Vision Pro provides. However, some analysts caution that the AR/VR industry should not solely rely on Apple's success, citing Alphabet Inc's failed smart glasses project.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 12:35 pm