Streetbeat News

Stock Prices

CSCO

The article provides a comprehensive analysis of Cisco Systems (NASDAQ:CSCO) compared to its peers in the Communications Equipment industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, and revenue growth are examined to highlight Cisco's market position and growth prospects.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 3:00 pm

LULU

The article provides an in-depth comparison of Lululemon Athletica (NASDAQ:LULU) with its competitors in the Textiles, Apparel & Luxury Goods industry. It highlights Lululemon's higher valuation ratios (P/E, P/B, P/S) compared to industry averages, indicating potential overvaluation. However, Lululemon's strong ROE, EBITDA, gross profit, and revenue growth suggest robust operational performance and growth potential. The company's lower debt-to-equity ratio also indicates a stronger financial position relative to its peers.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 3:00 pm

BCHUSD

Bitcoin Cash (BCH) has seen a price increase of 4.28% in the past 24 hours, reaching $500.43. Over the past week, the price has risen by over 6.0%, with trading volume climbing 10.0%. The circulating supply has decreased by 0.15%, bringing it to 19.72 million.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 3:00 pm

WAY

Waystar Holding Corp (NASDAQ:WAY) is set to start trading on June 7 on the NASDAQ exchange. The IPO price is expected to be between $20.00 and $23.00 per share, with an insider lock-up period of 180 days ending on December 4, 2024. Waystar provides cloud software for healthcare payments.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 3:00 pm

CGC

Canopy Growth Corp (NASDAQ:CGC) shares are trading lower after the company announced a new at-the-market equity offering program to issue and sell up to $250 million worth of its common stock. The proceeds will be used for investments, potential acquisitions, working capital, and debt repayments.

Portfolio Pulse from Adam Eckert

June 06, 2024 | 3:00 pm

GAUZ

Trading halt status for GAUZ was updated at 11:00:00 AM ET, and the security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:00 pm

FLYE

Trading halt status for FLYE was updated at 11:00:00 AM ET. The IPO security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:00 pm

AMD

IVV

NVDA

TSM

VOO

Advanced Micro Devices, Inc (NASDAQ:AMD) has seen a significant stock gain of over 42% in the last six months. Analysts highlight AMD's growing market share in the server CPU market and its promising product pipeline. However, there are concerns about AMD's collaboration with Samsung on 3-nanometer chip technology, with suggestions to focus on TSMC's 2-nm products instead. AMD's market cap is significantly lower than Nvidia's, but investors can gain exposure to AMD through ETFs like iShares Core S&P 500 ETF (NYSE:IVV) and Vanguard S&P 500 ETF (NYSE:VOO).

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 2:58 pm

CAVA

CAVA Group shares are trading lower after a SEC filing disclosed that the company's largest shareholder, Artal International, filed a notice to sell 3 million shares following a conversion of Series E preferred stock into common stock.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:57 pm

CRM

ValueAct has increased its stake in Salesforce to nearly $1 billion, which has sent Salesforce shares up by around 3.5%. This move comes shortly after Salesforce reported its first revenue miss since 2006. Mason Morfit, ValueAct's co-CEO and Salesforce board member, disclosed the trade, signaling confidence in the company despite recent financial setbacks.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:55 pm