Streetbeat News

Stock Prices

CALX

Calix Inc (NYSE:CALX) reported a Q1 FY24 sales decline of 9.5% YOY to $226.31 million, missing estimates. Gross margin expanded to 54.2%, but gross profit fell 4.3%. Operating expenses rose 5.5%, leading to an operating loss of $2 million. Adjusted EPS of $0.21 beat estimates. Q2 revenue outlook is below consensus, with expected adjusted EPS significantly lower than estimates. CALX shares dropped 18.44% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 23, 2024 | 10:19 am

NCTY

The9 Limited (NCTY), an established Internet company, has regained compliance with Nasdaq Listing Rule 5550(b), meeting the minimum requirements for stockholders' equity, market value of listed securities, or net income from continuing operations for The Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:18 am

SNPS

Synopsys shares are trading lower due to the Q1 financial results reported by Cadence Design Systems, indicating a market reaction based on the performance of a key player in the same sector.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:17 am

CDNS

Cadence Design System's shares dropped following the company's announcement of Q2 adjusted EPS and sales guidance below expectations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:16 am

FSLR

Evercore ISI Group analyst Sean Morgan assumes coverage of First Solar (NASDAQ:FSLR) with an Outperform rating and maintains a price target of $227.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:16 am

AEM

AG

AGI

AU

CDE

DRD

GFI

GOLD

HL

HMY

NEM

PAAS

SSRM

WPM

Shares of precious metals stocks are trading lower due to a retreat in gold and silver prices from their recent highs.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:16 am

PII

Polaris anticipates a decrease in 2024 sales by 5%-7% year-over-year and expects adjusted diluted EPS to fall by 10%-15% YoY. The company aims to maintain sound execution amidst an uncertain macro environment, focusing on managing dealer inventory, customer delivery, operational improvements, and driving profitable growth.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:10 am

SAP

SAP shares are trading higher following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:09 am

NVS

Novartis shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:09 am

CANG

Cango Inc. announced a share repurchase program of up to $50 million, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:08 am