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CRWD

PANW

Shares of cybersecurity stocks are trading lower in sympathy with Palo Alto Networks, which fell after reporting Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:48 pm

JHX

James Hardie Industries expects a slight decline in U.S. residential end markets for FY25 compared to FY24. The company anticipates growth in new construction will be more than offset by declines in repair and remodel (R&R) activity due to segment mix.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:47 pm

MTSI

MACOM Technology Solutions (NYSE:MTSI) has seen a 4.33% increase in its short percent of float, now at 7.95%. This indicates a bearish sentiment among investors, as it would take 7.81 days to cover the short positions. The company's short interest is higher than its peers, whose average is 4.30%.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 8:45 pm

ACB

CANN

CGC

CURLF

GTBIF

MJNA

MSOS

TCNNF

TLLTF

VFF

Four small-cap cannabis stocks—Medical Marijuana Inc., TILT Holdings, Trees Corp., and Village Farms International—showed positive performance despite the broader sector's downtrend. These stocks present potential investment opportunities due to their operational efficiencies and financial metrics. In contrast, larger cannabis companies like Curaleaf Holdings, AdvisorShares Pure US Cannabis ETF, Canopy Growth, Trulieve Cannabis, and Green Thumb Industries experienced declines, with only Aurora Cannabis showing a slight increase.

Portfolio Pulse from Nicolás Jose Rodriguez

May 20, 2024 | 8:44 pm

PTON

Peloton Interactive Inc (NASDAQ:PTON) shares dropped 8.4% in after-hours trading following the announcement of a global refinancing initiative. The company plans to offer $275 million in convertible senior notes due 2029 and enter into a $1 billion term loan facility and a $100 million revolving credit facility. Proceeds will be used to repurchase $800 million of its 0.00% convertible senior notes due 2026 and refinance existing loans. This follows a recent CEO transition and restructuring efforts aimed at reducing costs.

Portfolio Pulse from Adam Eckert

May 20, 2024 | 8:39 pm

LUXH

LuxUrban Hotels has announced a proposed follow-on public offering of securities. The company plans to use the proceeds for working capital and other general corporate purposes. No terms of the offering have been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:35 pm

DFLI

Dragonfly Energy Holdings has entered into an amended and restated purchase agreement with Chardan Capital Markets for a $150 million equity facility to sell shares of the company's common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:35 pm

NDSN

Nordson Corporation has updated its financial guidance for Q3 and FY24. The company expects Q3 EPS to be between $2.25 and $2.40, with revenue ranging from $645 million to $670 million, which is below the estimated $705.06 million. For FY24, EPS is projected to be between $9.35 and $9.75, with revenue growth flat to 2% year-over-year, also below the estimated $2.77 billion. The company cites temporary pressures in the electronics and agriculture markets but remains confident in its long-term growth strategy.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:34 pm

INFU

InfuSystems shares are trading higher following the announcement of a $20 million stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:31 pm

ASTS

MDIA

MMV

SGRP

VSME

YELP

The article lists the top gainers and losers in the communication services sector during Monday's after-market session. Notable gainers include VS Media Holdings, SPAR Group, and AST SpaceMobile, while significant losers include MediaCo Holding, MultiMetaVerse Holdings, and Yelp.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 8:31 pm