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ITRI

Itron, Inc. (NASDAQ:ITRI) reported a 23% year-on-year increase in fourth-quarter FY23 revenue to $577.2 million, surpassing the consensus of $570.2 million. Adjusted EPS was $1.23, beating the consensus of $0.75, leading to a 15.2% increase in stock price to $86.30. Revenue growth was seen across all segments, with Device Solutions up 13%, Networked Solutions up 30%, and Outcomes up 10%. The company also reported $839 million in bookings, a total backlog of $4.5 billion, a gross margin increase to 34.0%, and $39 million in free cash flow. For FY24, Itron expects revenue between $2.275 billion and $2.375 billion and adjusted EPS between $3.40 and $3.80, both above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 3:38 pm

WEAV

Weave Communications' stock trades higher following an upgrade from Raymond James, moving from Outperform to Strong Buy, with a new price target of $15.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:33 pm

SPY

The Dallas Fed Texas Manufacturing Output Index for February showed a reading of 1, compared to -15.4 in the previous month, indicating a significant improvement in manufacturing output in Texas.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:32 pm

PDD

PDD Holdings' stock (NASDAQ:PDD) fell nearly 3% pre-market on Feb. 26 due to fears of a potential US import ban on its subsidiary Temu, amid allegations of forced labor connections in Xinjiang, China. Despite a 73% gain in 2023, PDD stock is down 12.7% this year. US lawmakers are considering adding Temu to the Uyghur Forced Labor Prevention Act violators list, which could significantly impact PDD's investment value and Temu's US market presence.

Portfolio Pulse from Surbhi Jain

February 26, 2024 | 3:31 pm

ASML

ASML Holding (NASDAQ:ASML) has delivered an average annual return of 29.9% over the past 15 years, turning a $1000 investment into $50,714.31 today. The company's market capitalization stands at $370.10 billion, showcasing its significant growth and outperformance in the market.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:30 pm

GD

Over the past 20 years, General Dynamics (NYSE:GD) has produced an average annual return of 9.4%, outperforming the market by 1.74% on an annualized basis. A $1000 investment in GD 20 years ago would be worth $5,976 today. General Dynamics currently has a market capitalization of $75.34 billion.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:30 pm

MRNA

Moderna's stock price has declined following a downgrade by HSBC from 'Hold' to 'Reduce', despite an increase in the price target from $75 to $86.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:24 pm

ALT

Altimmune Inc (NASDAQ:ALT) shares surged despite no company-specific news, continuing a trend of volatility following positive trial results for pemvidutide and a short position announcement by Kerrisdale Capital. Kerrisdale remains short, citing competition concerns in the GLP-1 space. Altimmune is expected to report a Q4 loss of 43 cents per share with revenue around $2,140. The stock's long-term forecast suggests a potential price of $36.34 by 2030 based on past performance.

Portfolio Pulse from Adam Eckert

February 26, 2024 | 3:22 pm

DOGZ

Trading of Dogness (DOGZ) shares has resumed after a temporary halt. This development is crucial for investors monitoring the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:20 pm

MU

NVDA

Micron Technology, Inc. (NASDAQ:MU) shares reached a new 52-week high of $91.74 after announcing the start of volume production of its High Bandwidth Memory 3E (HBM3E) solution, which will be used in Nvidia Corporation's (NASDAQ:NVDA) H200 Tensor Core GPUs. The HBM3E is noted for its 30% lower power consumption compared to competitors. Micron's stock has gained over 12% following Nvidia's strong fourth-quarter earnings report. Additionally, a trend analysis suggests Micron's stock could reach $192.05 by 2030 based on its past 5 years' annualized performance of 16.19%.

Portfolio Pulse from Erica Kollmann

February 26, 2024 | 3:20 pm