Streetbeat News

Stock Prices

CFLT

Confluent shares surged following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company has uplifted its full-year 2024 guidance, surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:49 pm

JANX

Janux Therapeutics (NASDAQ:JANX) reported Q1 EPS of $(0.30), surpassing the $(0.33) estimate, and sales of $1.25M, exceeding the $760.00K estimate. This represents a 9.09% beat on EPS and a 64.74% beat on sales estimates, despite a 38.87% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:49 pm

BROS

Dutch Bros Inc. shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has increased its revenue guidance for FY24, signaling stronger future performance.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:48 pm

OCUL

Ocular Therapeutix reported Q1 2024 adjusted EPS of $(0.28), missing the $(0.19) estimate, with sales of $14.774M also missing the $15.414M estimate. This represents a 10.47% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:48 pm

BRP

BRP Group (NASDAQ:BRP) reported Q1 2024 earnings of $0.56 per share, surpassing the $0.52 estimate, marking a 33.33% increase from last year. Sales reached $380.367M, exceeding the $375.774M forecast and showing a 15.11% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:47 pm

GMED

Globus Medical's stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has increased its financial guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:47 pm

RNG

RingCentral shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:46 pm

HY

Hyster-Yale Materials Handling anticipates Q2 revenue and operating profit growth over the prior year, driven by increased unit volumes and shipments of higher-margin products. FY24 is expected to see a rise in Lift Truck revenues and operating profit, surpassing 2023 and previous forecasts. The company projects overall 2024 revenue, operating profit, and net income growth, despite a potential increase in the income tax rate and the expiration of tariff exemptions. Efforts to reduce leverage and improve cash flows, alongside a decrease in capital expenditures, are expected to significantly boost free cash flow in 2024.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:46 pm

ZS

Zscaler (NASDAQ:ZS) has seen significant options activity, with a mix of bullish and bearish sentiments among investors. The trades suggest a target price range of $150-$185. Notable options trades include both calls and puts, with the largest trades showing a mix of sentiments. Zscaler, a cloud-native cybersecurity solutions provider, has a current stock price of $177.14, with a neutral RSI and an upcoming earnings report in 23 days. Analyst ratings from Cantor Fitzgerald and Keybanc indicate a target price of around $225, with mixed opinions on the stock's future.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 8:46 pm

CMCSA

Deep-pocketed investors have shown a bullish sentiment towards Comcast (NASDAQ:CMCSA), with a significant surge in options activity reported by Benzinga. The activity includes both calls and puts with a price target range from $35.0 to $42.5 over the next three months. Comcast's current market standing shows a slight increase in stock price to $38.5, with neutral RSI indicators. Analyst opinions on Comcast are mixed, with target prices ranging from $43 to $55, indicating a cautiously optimistic outlook on the stock.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 8:46 pm