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PERI

Perion Network Ltd (NASDAQ:PERI) reported a 9% year-over-year increase in Q1 2024 revenues to $157.82 million, surpassing Wall Street's expectations. Adjusted EPS was $0.44, beating estimates of $0.23. The company saw a 20% increase in average daily searches and significant growth in Retail Media and CTV revenues, though video revenue declined by 52%. Operating cash flow decreased compared to the previous year, but the company maintains a strong cash position. Perion's outlook for Q2 and the full fiscal year remains positive, despite a slight decrease in share price.

Portfolio Pulse from Anusuya Lahiri

May 08, 2024 | 6:08 pm

DOGEUSD

PEPEUSD

WIFUSD

Crypto trader Intuitio has classified Dogecoin (DOGE) as the 'BTC of memes,' likening it to Bitcoin in terms of safety and foundational status among meme coins. He identifies Pepe (PEPE) and Dogwifhat (WIF) as the Ethereum equivalents in the meme coin space, suggesting they offer the best risk/reward ratio. Intuitio advises a portfolio allocation of 70% in Pepe/Wif and 30% in other meme categories for potential gains, cautioning about the high volatility and early stage of the meme coin market.

Portfolio Pulse from Khyathi Dalal

May 08, 2024 | 6:07 pm

JOBY

Joby Aviation's stock trades lower following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 6:04 pm

HLMN

Hillman Solns (NASDAQ:HLMN) received mixed analyst ratings with a shift towards a more bullish outlook in the last quarter. Analysts from Baird, Stifel, Barclays, and Canaccord Genuity adjusted their price targets upwards, reflecting a positive sentiment shift. The average 12-month price target is now $12.6, up from $11.40. Despite this, Hillman Solns faces financial challenges, including a revenue decline of -0.81% in the last 3 months of 2023, a net margin of -2.89%, and a high debt-to-equity ratio of 0.72.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 6:01 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) reported a 15% year-on-year revenue growth to $10.10 billion for fiscal Q1 2024, surpassing EBITDA expectations for the eleventh consecutive quarter. Despite this, Uber's stock fell 9% post-earnings. JPMorgan analyst Doug Anmuth maintains an Overweight rating, considering the pullback excessive. Anmuth highlights Uber's profitable growth in the Delivery category, cross-selling to Grocery & Retail, and a milestone of over one million merchants on the platform.

Portfolio Pulse from Nabaparna Bhattacharya

May 08, 2024 | 6:00 pm

MHO

M/I Homes (NYSE:MHO) has seen a decrease in short interest, with the short percent of float dropping 17.17% to 3.28% of all shares available for trading. This indicates a bullish sentiment as it suggests fewer investors are betting against the stock. The current short interest stands at 722 thousand shares, and based on trading volume, it would take about 2.48 days to cover all short positions. This change in short interest is compared to the peer group average of 5.16%, showing M/I Homes has less short interest than most of its peers, potentially indicating stronger market confidence in M/I Homes compared to its competitors.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 6:00 pm

EQIX

Equinix's (NYSE:EQIX) short interest has decreased by 17.79% since the last report, with 1.90 million shares sold short, representing 2.31% of its float. This decline in short interest, which now takes an average of 3.49 days to cover, could indicate a more bullish sentiment towards EQIX compared to its peers, where the average short interest as a percentage of float is 4.06%.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 6:00 pm

FTNT

Fortinet's (NYSE:FTNT) short interest has increased by 6.73% since the last report, with 13.97 million shares sold short, representing 2.22% of its float. It would take approximately 2.86 days to cover these short positions based on current trading volumes. This rise in short interest indicates a more bearish market sentiment towards FTNT, although it's lower than the peer group average of 4.44%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting against the stock more than before.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 6:00 pm

APLS

A comprehensive analysis of 14 analyst ratings for Apellis Pharmaceuticals (NASDAQ:APLS) reveals a mix of bullish and bearish sentiments, with an average 12-month price target of $77.14, indicating a 12.2% increase from the previous target. The company's financial overview shows a significant revenue growth rate of 545.89%, a high net margin of -60.51%, but lower ROE and ROA compared to industry averages, suggesting challenges in generating returns. The debt-to-equity ratio is below industry norms, indicating a sound financial structure.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 6:00 pm

EA

During Electronic Arts' (NASDAQ:EA) quarterly earnings call, CEO Andrew Wilson revealed that the development team for the upcoming Battlefield game is the largest in the franchise's history, indicating a significant investment in the game. EA's Motive studio is collaborating on the project, which is still under wraps but rumored to be announced in 2024. The confirmation of Battlefield 2042 Season 7 as the final season suggests a transition to the new game.

Portfolio Pulse from Franca Quarneti

May 08, 2024 | 5:59 pm