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Stock Prices

GLBE

Morgan Stanley has maintained an Equal-Weight rating on Global-E Online's stock but has lowered its price target from $45 to $41. This has resulted in Global-E Online's shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:42 pm

XPEL

XPEL's shares are trading lower following the release of the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:40 pm

FA

First Advantage Corporation reported better-than-expected Q2 financial results and issued FY23 revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:40 pm

EBIX

Ebix, Inc reported Q2 2023 revenue growth of 3.1% year-on-year to $118.4 million, missing the consensus of $197.9 million. Adjusted EPS of $0.23 also missed the consensus of $0.24. The company's shares traded lower by 11.1% in premarket.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 3:38 pm

CAE

CAE Inc. reported Q1 FY24 sales growth of 13% YoY to $784.91 million, beating the consensus of $762.48 million. Adjusted EPS was $0.18, beating the consensus estimate of $0.16. Adjusted segment operating income increased 138% YoY to C$145.1 million. Sales by segments: Civil Aviation C$540.3 million (+12% YoY); Defense and Security C$471.76 million (+14% YoY); and Healthcare C$42.4 million (+7% YoY). The company expects Defense to continue growing its Backlog with larger and more profitable programs.

Portfolio Pulse from Akanksha Bakshi

August 09, 2023 | 3:36 pm

HL

Hecla Mining Company reported a year-over-year decrease in Q2 EPS results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:34 pm

CRCT

Cricut's shares are trading higher following the company's Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:34 pm

MSFT

Microsoft's stock experienced a growth of over 30% in 2023, reaching a record high of $366.78 in July. However, despite exceeding market expectations with its Q4 earnings, the stock saw a significant decline of 11.09% from its peak. The stock also dipped by 2.91% in August, similar to the Nasdaq 100 Index's 3.06% decline. The next significant support level for the stock is at the $300 mark.

Portfolio Pulse from Zaheer Anwari

August 09, 2023 | 3:31 pm

CRM

A significant number of bearish trades have been observed in Salesforce (NYSE:CRM) options, with 87% of investors taking a bearish stance and 12% bullish. The majority of trades are puts, with a total amount of $697,470, compared to $504,995 in calls. Whales have been targeting a price range from $180.0 to $240.0 for Salesforce over the last 3 months. The current price of CRM is down -2.43% at $206.44. Analysts have mixed ratings on Salesforce, with price targets ranging from $240 to $278.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:31 pm

CDNS

A significant bearish stance has been observed in Cadence Design Sys (NASDAQ:CDNS) with 81% of investors opening trades with bearish expectations. Whales have been targeting a price range from $185.0 to $270.0 for Cadence Design Sys over the last 3 months. The price of CDNS is down -2.63% at $222.9. Keybanc, Rosenblatt, and Wells Fargo maintain their positive ratings on Cadence Design Sys with price targets of $270, $250, and $270 respectively. Needham downgraded its action to Buy with a price target of $235 while Stifel upgraded its action to Buy with a price target of $300.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:31 pm