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AKAM

Akamai Technologies, Inc. shares are trading lower following the company's announcement of weaker than expected future guidance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:03 pm

AKAM

Akamai Technologies provided its Q2 and FY24 earnings guidance, forecasting lower-than-expected adjusted EPS and revenue. For Q2, it expects adjusted EPS between $1.51 and $1.56, below the $1.63 estimate, and revenue between $967M and $986M, under the $1B estimate. For FY24, the adjusted EPS is projected to be between $6.20 and $6.40, compared to the $6.73 estimate, with revenue expectations of $3.95B to $4.02B, less than the $4.08B estimate.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:02 pm

CLSK

CleanSpark plans to acquire two Bitcoin mining locations in Wyoming for $18.75M, adding over 4 EH/s of mining capacity. The deal is expected to close in 45 days, with construction to begin shortly after.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:01 pm

PSNL

Personalis (NASDAQ:PSNL) received varied analyst ratings, with a consensus pointing towards a bullish outlook. The average 12-month price target is $3.62, marking a significant increase from the previous $2.30. The company's financial performance shows a positive revenue trend with a growth rate of 17.66% as of December 31, 2023, and a notable net margin of -135.12%. Despite a below-average ROA, Personalis exhibits strong profitability and effective cost management, with a debt-to-equity ratio of 0.37.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 8:00 pm

SPCE

Virgin Galactic Holdings (NYSE:SPCE) has been the subject of 4 analyst ratings in the last three months, showing a shift towards a more bearish outlook with 2 indifferent and 2 somewhat bearish ratings. The average 12-month price target has been lowered to $1.21 from $1.94, indicating a 37.63% decline in expectations. Analysts from Wells Fargo, Susquehanna, and Truist Securities have adjusted their price targets and ratings, reflecting concerns over the company's market performance and financial health.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 8:00 pm

BOOT

JP Morgan analyst Matthew Boss maintains an Overweight rating on Boot Barn Holdings (NYSE:BOOT) and raises the price target from $85 to $115, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:58 pm

HPK

SU

TNK

Shares of companies in the Oil and Gas sector, including HPK, SU, and TNK, are trading higher due to an increase in crude oil prices and a year-over-year rise in China's April crude oil imports.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:52 pm

AXP

Benzinga's options scanner detected unusual options activity on American Express (NYSE:AXP), with over 11 transactions valued at $1,053,955, indicating a bullish sentiment with a price target range of $200-$260. The analysis of volume and open interest for AXP's options shows significant trades, with both calls and puts indicating bullish sentiment. American Express, a global financial institution, is currently trading at $238.53, up by 0.97%, with analysts giving mixed ratings but leaning towards a positive outlook with target prices ranging from $205 to $263.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 7:46 pm

GLD

SLV

Gold and silver prices have increased as Treasury yields have fallen.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:45 pm

ABEV

AZUL

BBD

BRF

GGB

ITUB

US-listed Brazilian stocks are trading lower due to Brazil's Central Bank decision, affecting companies like ABEV, AZUL, BBD, BRF, GGB, and ITUB.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:44 pm