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NET

Cloudflare shares are trading lower after a downgrade from Guggenheim from Neutral to Sell. This comes after the stock had gained last week due to strong earnings and guidance.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:05 am

CLVT

B of A Securities analyst Heather Balsky has downgraded Clarivate (NYSE:CLVT) from Neutral to Underperform and lowered the price target from $10 to $6.

Portfolio Pulse from richadhand@benzinga.com

August 07, 2023 | 11:04 am

GENI

Genius Sports has increased its 2023 group revenue forecast to $410M, up from the previous guidance of $400M. The new projection surpasses the consensus estimate of $401.95M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:04 am

MNST

Piper Sandler has upgraded Monster Beverage's stock from Neutral to Overweight, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:59 am

THS

TreeHouse Foods has updated its FY23 net sales forecast to $3.71B-$3.78B, up from the previous estimate of $3.66B-$3.73B. This is slightly above the estimated $3.7B.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:58 am

ELAN

Elanco has raised its FY23 revenue guidance to $4.35B-$4.41B, up from the previous guidance of $4.31B-$4.4B. The company also forecasts an adjusted EPS of $0.80-$0.89, higher than the prior guidance of $0.76-$0.83.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:37 am

SAGE

Sage Therapeutics reported Q2 losses of $2.68 per share, missing the analyst consensus estimate of $2.55 by 5.1%. This is a 25.82% decrease from the same period last year. The company also reported quarterly sales of $2.47 million, missing the analyst consensus estimate of $2.94 million by 15.85%. However, this is a 64.82% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:33 am

GHM

Graham (NYSE:GHM) reported Q1 adjusted earnings of $0.33 per share, beating the analyst consensus estimate of $(0.04) by 925 percent. This is a 175 percent increase over earnings of $0.12 per share from the same period last year. The company also reported quarterly sales of $47.60 million, beating the analyst consensus estimate of $39.68 million by 19.96 percent, a 31.95 percent increase over sales of $36.08 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:31 am

AAPL

SPY

On Friday, August 4, U.S. markets ended lower with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite falling by 0.43%, 0.53%, and 0.36% respectively. Apple Inc. shares also fell after the company reported Q3 results. Asian markets showed mixed results with Japan's Nikkei 225 rising and Australia's S&P/ASX 200 and China's Shanghai Composite falling. European markets and commodities were mostly down, while U.S. futures were up.

Portfolio Pulse from Akanksha Bakshi

August 07, 2023 | 10:23 am

FRGI

Fiesta Restaurant Group Inc (NASDAQ:FRGI), owner of the Pollo Tropical restaurant chain, is reportedly being acquired by Authentic Restaurant Brands, a business unit of investment firm Garnett Station Partners, for $225 million. The deal represents an 8% premium to Fiesta's closing share price of $7.86. Fiesta recently reported an 8.4% increase in FY22 revenue to $387.4 million, despite a $14.6 million loss due to rising commodity and labor expenses.

Portfolio Pulse from Shivani Kumaresan

August 07, 2023 | 10:20 am