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ANET

Arista Networks' shares have seen an uptick due to robust Q1 earnings and positive future guidance.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:16 pm

TMCI

Treace Medical Concepts (NASDAQ:TMCI) reported Q1 2024 earnings with a smaller loss per share of $(0.30) compared to the $(0.31) estimate and a 21.12% year-over-year increase in sales to $51.108M, beating the $49.065M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:16 pm

CRBU

Caribou Biosciences reported Q1 EPS of $(0.46), missing the $(0.40) estimate, and sales of $2.43M, below the $2.90M estimate. This represents a 30.64% decrease in sales compared to last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:16 pm

ANET

Arista Networks' Board of Directors has approved an additional $1.2 billion stock repurchase program, signaling confidence in the company's financial health and future prospects. This move is likely to be viewed positively by investors as it often indicates a belief by the company's management that its stock is undervalued.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:16 pm

ERO

Ero Copper (NYSE:ERO) reported Q1 2024 earnings of $0.16 per share, surpassing the $0.10 estimate, a 33.33% decrease from last year's $0.24. Sales reached $105.8M, beating the $99.925M estimate, marking a 4.75% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:15 pm

LSAK

Lesaka Technologies, Inc. (LSAK) has announced the acquisition of Adumo for approximately $85.9 million, to be settled with 17,279,803 shares of Lesaka common stock and $12.5 million in cash. The acquisition aims to strengthen Lesaka's position in the Southern African fintech market, expanding its ecosystem to serve 1.7 million consumers and 119,000 merchants. The deal, expected to close in Q3 2024, is subject to shareholder and regulatory approvals. Adumo's operations will enhance Lesaka's product offerings in card acquiring, integrated payments, and SaaS solutions, particularly in the hospitality sector.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:14 pm

RDFN

Redfin (NASDAQ:RDFN) reported Q1 2024 earnings with a GAAP EPS of $(0.57), surpassing the $(0.58) estimate, and sales of $225.479M, exceeding the $217.836M estimate. This represents a slight decrease in EPS and an increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:14 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are experiencing slight declines with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading flat or down. Notable developments include a buying spree by high net worth Bitcoin holders and a significant holding of $831 million in Bitcoin ETFs by Susquehanna International Group. Analysts see more ETF inflows as key to restarting the bull run, with a focus on the potential impact of spot Bitcoin ETFs and the upcoming halving event.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 9:14 pm

APEI

American Public Education has increased its FY24 consolidated revenue forecast from the range of $610M-$620M to $620M-$630M, surpassing the estimated $614.125M.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:13 pm

ALCC

Stockholders of AltC Acquisition Corp. (ALCC) have approved a business combination with Oklo, a move that could significantly impact ALCC's market position and future growth prospects.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:12 pm