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Zoom Video Communications Inc (NASDAQ:ZM) reported higher-than-expected sales and earnings for the fiscal fourth quarter, leading to a 7.37% increase in its stock price to $67.77. Analysts from Goldman Sachs, JPMorgan, Wedbush, KeyBanc Capital Markets, Oppenheimer, and Needham provided insights, with most maintaining a Neutral or equivalent rating and adjusting price targets. The company's FY25 revenue guidance was slightly below consensus, but its cash flow guidance exceeded expectations. Analysts highlighted Zoom's solid performance in the Enterprise segment and potential growth drivers, despite ongoing macro challenges.

Portfolio Pulse from Priya Nigam

February 27, 2024 | 5:31 pm

CLVT

STRC

STRL

In Tuesday's intraday session, several industrials stocks experienced significant movements. Notable gainers include Sarcos Technology, Ault Alliance, Guardforce AI Co, Jet AI, Sterling Infrastructure, and Heidrick & Struggles Intl, with increases ranging from 18.25% to 33.3%. On the losing side, Clarivate, Pineapple Energy, American Rebel Holdings, Intuitive Machines, JE Cleantech Hldgs, and NeoVolta saw declines between 10.7% and 21.3%. Sterling Infrastructure and Heidrick & Struggles Intl's movements were attributed to their Q4 earnings reports released the previous day, while Clarivate's drop was linked to its Q4 earnings report released today.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:31 pm

BBAI

CXAI

IFBD

TWKS

WETG

In Tuesday's intraday session, several Information Technology stocks experienced significant movements. CXApp, WeTrade Group, BigBear.ai Holdings, Presto Automation, DatChat, and SMX saw notable gains, with CXApp leading at an 85.2% increase. Conversely, Infobird Co, Thoughtworks Holding, Alpine 4 Holdings, Edgio, MicroCloud Hologram, and Ostin Technology Group faced declines, with Infobird Co dropping the most at 55.4%. Thoughtworks Holding's drop was attributed to its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:31 pm

SPGI

S&P Global (NYSE:SPGI) has delivered an average annual return of 18.21% over the past 10 years, outperforming the market by 7.78% on an annualized basis. With a current market capitalization of $134.34 billion, a $1000 investment in SPGI 10 years ago would be worth $5,453.76 today.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:30 pm

EXPE

GOOG

MSFT

SONY

TSLA

Bitcoin's price breakout is partly attributed to a rumor about Microsoft supporting bitcoin, though its credibility is questioned. Durable goods data indicates weakening business spending, potentially challenging the no-landing consensus. Sony and Expedia announce layoffs, while home prices remain strong. Early trade shows positive money flows in Alphabet and Tesla, with mixed or neutral flows in other major stocks and ETFs. The article suggests maintaining a balanced protection band in investment strategies.

Portfolio Pulse from The Arora Report

February 27, 2024 | 5:30 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has delivered an average annual return of 13.73% over the past 10 years, outperforming the market by 3.3%. A $100 investment in MCHP a decade ago would be worth $372.90 today. The company's market capitalization stands at $44.92 billion.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:30 pm

SJM

J.M. Smucker Company (NYSE:SJM) shares fell after reporting Q3 earnings. Despite beating EPS and revenue estimates, the company saw a decline in U.S. Retail Coffee and Pet Foods sales. Gross profit increased due to the Hostess Brands acquisition, but operating income dropped due to integration costs. The FY24 EPS outlook was adjusted to $9.45 - $9.65, with expected net sales decrease of 3.6%.

Portfolio Pulse from Nabaparna Bhattacharya

February 27, 2024 | 5:28 pm

HIMS

Hims & Hers Health, Inc. (NYSE:HIMS) shares surged after reporting Q4 earnings of 1 cent per share, surpassing the expected loss of 3 cents, and revenue growth of 47.5% year over year to $246.62 million. The company also provided strong guidance for Q1 2024 and FY 2024, exceeding analyst estimates. Truist Securities and Piper Sandler adjusted their price targets upwards, reflecting a positive outlook.

Portfolio Pulse from Erica Kollmann

February 27, 2024 | 5:27 pm

HSII

Heidrick & Struggles' shares surged following the announcement of Q4 financial results that exceeded expectations and the issuance of Q1 consolidated net revenue guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:25 pm

SRNE

VRPX

Virpax Pharmaceuticals (VRPX) shares are trading lower following the announcement of a proposed litigation settlement with Sorrento Therapeutics (SRNE) and Scilex Pharmaceuticals, alongside a 1-for-10 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:24 pm