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BIGC

BigCommerce Holdings shares surged following the announcement of stronger-than-expected Q1 financial results and an upward revision of its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:08 pm

BMBL

CDLX

CPOP

RBLX

In Thursday's pre-market session, several Communication Services stocks showed significant movement. Pop Culture Gr, Treasure Global, Bumble, Society Pass, Magnite, and VS Media Holdings were among the gainers, with Pop Culture Gr leading with an 81.2% increase. On the losing side, Cardlytics, Roblox, HWH International, HUYA, iHeartMedia, and Nextdoor Holdings saw declines, with Cardlytics experiencing the largest drop of 28.2%. The movements were largely driven by the release of Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 12:06 pm

TIVC

ZLAB

Health care stocks showed significant movement in Thursday's pre-market session, with Zai Lab, ZimVie, Aadi Bioscience, CEL-SCI, Tarsus Pharmaceuticals, and Embecta posting gains following their earnings reports. Conversely, Tivic Health Systems, CytomX Therapeutics, CNS Pharma, Ironwood Pharmaceuticals, Syra Health, and Exact Sciences experienced declines, also influenced by their earnings releases.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 12:06 pm

BLBD

FWRD

GWAV

ISUN

In Thursday's pre-market session, several industrials stocks showed significant movement. Greenwave Tech Solns and Blue Bird were among the top gainers, with increases of 13.6% and 12.73% respectively, attributed to recent earnings reports. Conversely, Forward Air and iSun experienced substantial declines, with Forward Air dropping 30.2% following its Q1 earnings release. Other notable movements included stocks like Plug Power and Desktop Metal, also reacting to their latest earnings reports.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 12:06 pm

APP

CRNC

EMKR

EPAM

HUBS

In Thursday's pre-market session, several information technology stocks showed significant movement. AppLovin and HubSpot were among the gainers, with their stocks rising by 15.1% and 8.8% respectively, following their Q1 earnings reports. NOVONIX, Pagaya Techs, XIAO-I, and CISO Global also saw upward movements. On the downside, EMCORE, Cerence, EPAM Systems, X3 Holdings, Allegro Microsystems, and PAR Technology experienced declines, with EMCORE dropping by 38.6% after its Q2 earnings report. The movements were largely earnings-driven.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 12:06 pm

CION

CION Investment Corporation (CION) reported Q1 2024 earnings of $0.60 per share, surpassing the $0.41 estimate, a 46.34% beat. Sales reached $73.554M, exceeding the $57.234M forecast by 28.51%, marking a 13.20% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:05 pm

HUBS

HubSpot, Inc. (NYSE:HUBS) exceeded Q1 earnings and sales forecasts but provided lower-than-expected revenue guidance for Q2. Despite a challenging macro environment, CEO Yamini Rangan highlighted the company's solid growth and innovation in AI. Analysts from Piper Sandler, Mizuho, and Needham adjusted their price targets following the earnings announcement. HubSpot's shares dropped 4.1% after the report.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 12:04 pm

Tredegar reported a significant decrease in Q1 earnings and sales YoY, with a loss of $(0.16) per share compared to a gain of $0.07 per share last year, and sales dropping to $114.22M from $191.12M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:03 pm

MPW

Medical Properties Trust (MPW) reported Q1 2024 FFO of $0.24 per share, missing the $0.27 estimate, and sales of $271.316M, below the $276.455M estimate. This represents a 35.14% decrease in earnings and a 22.53% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:02 pm

JAMF

Analysts have diverse opinions on Jamf Holding (NASDAQ:JAMF), with recent ratings ranging from bullish to bearish. Over the last three months, 10 analysts provided evaluations, showing a shift towards more bullish ratings in the last 30 days. The 12-month price target for JAMF has increased to an average of $22.3, reflecting an 8.25% rise from the previous target of $20.60. Jamf Holding, a leader in Apple Enterprise Management, has shown solid revenue growth of 15.59% as of December 31, 2023, but faces challenges with a net margin of -11.56% and an ROA of -1.11%. Despite these challenges, its ROE of -2.46% surpasses industry standards, and it maintains a low debt-to-equity ratio of 0.51.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 12:01 pm