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MSTR

MicroStrategy Inc. (NASDAQ: MSTR) has outperformed Bitcoin with a 23% increase in the past month and 104% over six months, compared to Bitcoin's 19% and 63% respectively. Canaccord Genuity Corp. raised its price target for MicroStrategy to $670, citing the company's strategic Bitcoin investment and solid software business. MicroStrategy's aggressive Bitcoin acquisition strategy and the potential for U.S. Bitcoin ETF approvals are seen as positive market catalysts.

Portfolio Pulse from Murtuza Merchant

December 05, 2023 | 10:00 pm

ASAN

Asana, Inc. (NYSE:ASAN) shares dropped in after-hours trading despite beating Q3 earnings and revenue estimates. The company reported a loss of 4 cents per share, surpassing analyst expectations and improving from last year's loss of 26 cents per share. Q3 sales were $166.5 million, exceeding estimates and showing a 17.72% year-over-year increase. Asana provided Q4 guidance with projected losses narrower than expected and revenue forecasts slightly above estimates. Despite positive results, shares fell 8% to $21.45 after-hours.

Portfolio Pulse from Erica Kollmann

December 05, 2023 | 9:50 pm

AVAV

AeroVironment Inc (NASDAQ:AVAV) reported Q2 financial results surpassing estimates with $180.8 million in revenue and 97 cents EPS. Year-over-year revenue increased by 62%, and the company has a funded backlog of $487 million. The full-year 2024 revenue outlook is projected between $685 million to $705 million, with anticipated earnings of $2.46 to $2.70 per share. After hours, AVAV shares slightly increased by 0.02% to $141.25.

Portfolio Pulse from Adam Eckert

December 05, 2023 | 9:46 pm

DIS

Disney (NYSE:DIS) is bringing three previously streaming-exclusive Pixar movies to theaters in 2024 to mitigate the impact of the Hollywood Strike and a lighter movie slate. The films 'Soul,' 'Turning Red,' and 'Luca' will release in January, February, and March respectively. Disney faced box office struggles in 2023, with no film surpassing the $1 billion mark, breaking a streak since 2014, excluding pandemic years. CEO Bob Iger acknowledged potential franchise dilution from increased Disney+ output. Delays in major franchise releases like 'Avatar' and 'Marvel' are also noted, with potential further delays depending on the strike's duration.

Portfolio Pulse from Chris Katje

December 05, 2023 | 9:40 pm

IPA

ImmunoPrecise Antibodies Ltd. (NASDAQ:IPA) announced its intention to conduct an underwritten public offering of common shares. The size and terms of the offering have not been disclosed. The company plans to grant underwriters a 30-day option to purchase additional shares to cover over-allotments. The proceeds will be used for R&D, capital expenditures, including lab expansion, and for general corporate purposes. The offering is subject to market conditions, and there is no certainty about its completion or terms. The Benchmark Company LLC is the sole book-running manager for the offering.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:36 pm

S

SentinelOne, Inc. (NYSE:S) reported Q3 revenue of $164.2 million, surpassing estimates of $156.09 million, and an adjusted EPS loss of 3 cents, beating the expected loss of 8 cents per share. The company's performance exceeded top and bottom line expectations with a 42% year-over-year revenue increase. CEO Tomer Weingarten highlighted the company's AI-based security differentiation. SentinelOne raised its full-year 2024 revenue outlook from $605 million to $616 million, above the $605.66 million estimate. Needham analyst Alex Henderson reiterated a Buy rating and a $23 price target. SentinelOne shares rose 10% to $22.01 in after-hours trading.

Portfolio Pulse from Erica Kollmann

December 05, 2023 | 9:33 pm

PNM

PNM Resources has announced a 5.4% increase in its annual dividend payment, raising it to an indicated annual rate of $1.55 per share. The quarterly dividend of $0.3875 per share will be payable on February 16, 2024, to shareholders of record as of February 2, 2024. This increase aligns with the company's long-term earnings growth target of 5%.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:33 pm

TIRX

TIAN RUIXIANG Holdings Ltd (TIRX), a China-based insurance broker, received a notice from Nasdaq for not meeting the minimum bid price requirement of $1.00 per share. The company's shares have been below this threshold for 30 consecutive business days. TIRX has until May 28, 2024, to regain compliance, which may involve measures such as a reverse share split. The notice does not currently affect TIRX's listing or business operations.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:32 pm

MSBI

Midland States Bancorp, Inc. (NASDAQ:MSBI) has announced a new stock repurchase program authorizing the repurchase of up to $25 million of its common stock. This program will be effective from January 1, 2024, to December 31, 2024, succeeding the current program expiring on December 31, 2023, with $7.2 million remaining. The repurchases aim to provide flexibility in capital allocation decisions to benefit shareholders and support long-term growth amid economic uncertainty.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:32 pm

TOL

Toll Brothers forecasts Q1 home deliveries to be between 1,800 and 1,900 units, and anticipates FY24 deliveries to range from 9,850 to 10,350 units.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:32 pm