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CNVS

Cineverse has projected its FY24 revenue to be between $62M and $70M, which is lower than the estimated $70.22M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:31 pm

WIT

Wipro (NYSE:WIT) has outperformed the market over the past 20 years by 1.93% on an annualized basis, producing an average annual return of 9.53%. If an investor had bought $100 of WIT stock 20 years ago, it would be worth $613.94 today.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 8:31 pm

INTU

Intuit's (NASDAQ:INTU) short percent of float has fallen 4.62% since its last report, with 3.37 million shares sold short, which is 1.24% of all regular shares available for trading. It would take traders 1.9 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.51%.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 8:30 pm

ILMN

Illumina's (NASDAQ:ILMN) short percent of float has risen 29.84% since its last report, with 5.59 million shares sold short, which is 3.96% of all regular shares available for trading. It would take traders 4.2 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.90%.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 8:30 pm

GOOGL

Alphabet's (NASDAQ:GOOGL) short percent of float has fallen 4.26% since its last report, indicating a more bullish sentiment towards the stock. The company has 53.56 million shares sold short, which is 0.9% of all regular shares available for trading. Compared to its peers, Alphabet has less short interest, with the peer group average at 6.59%.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 8:30 pm

NKE

Nike Inc (NYSE:NKE) reported Q4 revenue of $12.82 billion, up 10% YoY, beating the Street consensus estimate of $12.59 billion. However, its Q4 earnings per share were 66 cents, missing the Street consensus estimate of 67 cents. Nike Direct revenue was $5.5 billion, up 15% YoY, while wholesale revenue was $6.7 billion, down 2% YoY. Sales in China were $1.8 billion, up 16% YoY. Full year revenue was $51.2 billion, up 10% YoY. Nike shares are down 0.27% to $113.08 in after-hours trading.

Portfolio Pulse from Chris Katje

June 29, 2023 | 8:30 pm

PRGS

Progress Software Corporation has projected its FY23 EPS to be between $4.16 and $4.24, higher than the estimated $4.14. The company also expects its revenue to be between $690M and $698M, surpassing the estimated $683.76M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:29 pm

BTCUSD

SPY

The article discusses the rise in Bitcoin's value since the shutdown of Silk Road, an underground marketplace that used Bitcoin as a primary payment method. It states that a $1,000 investment in Bitcoin on Oct. 2, 2013, would be worth $233,350.01 today, a return of 23,235.0%. In comparison, a $1,000 investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would be worth $3,091 today, a return of 209%.

Portfolio Pulse from Chris Katje

June 29, 2023 | 8:28 pm

ABST

Absolute Software Corporation's securityholders have approved the acquisition of all outstanding shares by Crosspoint Capital Partners' affiliate. The transaction is subject to regulatory approval and is expected to complete in the second half of 2023. Post completion, the shares will be delisted from the Toronto Stock Exchange and Nasdaq Global Market.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:25 pm

BRCC

Black Rifle Coffee Company (BRCC) has reaffirmed its full-year financial guidance for 2023, expecting a net revenue of $400M-$440M, which aligns with the consensus estimate of $421.21M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:23 pm