Streetbeat News

Stock Prices

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

BP

Financial analysts have observed a bullish trend in BP's (NYSE:BP) options trading, with significant activity indicating a target price range of $23.0 to $44.0. Analysis of 24 unusual trades shows a split sentiment, with 50% bullish and 45% bearish. Notably, 20 calls valued at $1,985,266 outweigh 4 puts worth $353,319. BP's current stock price is down -3.59% at $37.64, with expert ratings suggesting a potential rise to an average target of $44.25. BP's operations include oil and gas exploration, production, and refining, with substantial reserves and production capacity.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 8:46 pm

RNG

The correct ticker symbol for RingCentral is RNG, not RING as may have been previously mentioned.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:46 pm

LYFT

Lyft, Inc. (NASDAQ:LYFT) reported mixed Q1 results with a loss of 8 cents per share, missing the consensus estimate of earnings of 3 cents per share, but exceeded sales expectations with $1.28 billion against the forecast of $1.16 billion. Gross bookings rose 21% year-over-year to $3.7 billion. The company projects Q2 gross bookings between $4 billion and $4.1 billion, with an adjusted EBITDA of $95 million to $100 million. Lyft's shares rose 4.34% in after-hours trading to $17.32.

Portfolio Pulse from Erica Kollmann

May 07, 2024 | 8:45 pm

VTEX

Vtex reported Q1 2024 earnings with a GAAP EPS of $(0.01), meeting analyst estimates, and a sales revenue of $52.648M, missing estimates by 1.51%. This represents a significant improvement over the previous year, with a 69.05% increase in EPS and a 24.52% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:45 pm

MXCT

MaxCyte (NASDAQ:MXCT) reported Q1 2024 earnings with a GAAP EPS of $(0.09), surpassing the $(0.12) estimate, and sales of $11.342M, exceeding the $7.462M estimate. This represents a significant improvement over the previous year's performance.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:44 pm

EA

MSFT

TTWO

A jury ruled that Microsoft Corp.'s Activision Blizzard must pay $23.4 million to tech incubator Acceleration Bay for patent infringement related to networking and broadcasting in multiplayer games, including World of Warcraft and two Call of Duty titles. The lawsuit, initiated in 2015, concluded on May 3. The case was overseen by the U.S. District Court for the District of Delaware. Acceleration Bay has pursued similar lawsuits against other companies, including Electronic Arts Inc, Take-Two Interactive Software Inc, and Amazon Web Services.

Portfolio Pulse from Franca Quarneti

May 07, 2024 | 8:44 pm

ZI

ZoomInfo Technologies shares are trading lower following the release of their Q1 financial results and the issuance of Q2 guidance that fell below market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:44 pm

PR

Permian Resources reported Q1 2024 earnings of $0.25 per share, missing the consensus estimate of $0.36. However, their sales of $1.243B exceeded the $1.204B estimate, marking a 101.70% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:43 pm