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APPS

Digital Turbine Inc (NASDAQ:APPS) shares fell after reporting Q3 results below expectations and issuing weak guidance. Q3 revenue was $142.63 million versus estimates of $146.21 million, and EPS was 15 cents, missing the 17 cents estimate. Year-over-year revenue decreased by 12%, with net cash from operating activities at $11.7 million and $14.3 million in adjusted free cash flow. The company forecasts full-year 2024 revenue between $547 million and $553 million, below the $572.46 million estimate, and adjusted EPS of 50 to 54 cents, under the 61 cents estimate. CEO Bill Stone remains optimistic about future growth despite near-term challenges. Roth MKM analyst Darren Aftahi maintained a Neutral rating on APPS but lowered the price target from $5.50 to $4.50.

Portfolio Pulse from Adam Eckert

February 08, 2024 | 3:17 pm

NWS

NWSA

News Corporation shares are trading higher following the announcement of their Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:13 pm

JBLU

SAVE

Spirit Airlines' CEO has dismissed speculation about the company's viability as a standalone carrier if the proposed merger with JetBlue does not proceed, calling it a 'misguided narrative'.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:12 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 8th, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, suggesting potential breakouts or reversals. The memo also highlights the importance of today's trading session due to the release of employment figures, wholesale data, Treasury's Bill Auction, and a speech by FOMC member Thomas Barkin.

Portfolio Pulse from RIPS

February 08, 2024 | 3:11 pm

CYBR

CyberArk Software Ltd (NASDAQ:CYBR) stock soared after reporting a 32% year-on-year increase in Q4 revenue to $223.1 million, surpassing the consensus of $209.7 million. The company also beat EPS estimates with $0.81 compared to the consensus of $0.47. Subscription revenues grew by 70% Y/Y, and the company saw a 36% increase in Annual Recurring Revenue (ARR) to $774 million. CyberArk ended the quarter with $1.3 billion in cash and equivalents, and provided an optimistic outlook for Q1 and FY24, expecting revenues and EPS above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 3:10 pm

Dynatrace's stock price is trading lower following the announcement of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:10 pm

KYTX

Trading for the IPO security KYTX was halted but has now resumed as of 10:10:00 AM ET.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:10 pm

MAS

Masco Corporation's shares surged following the announcement of its Q4 financial results, which exceeded expectations. Additionally, the company provided an optimistic forecast for its FY24 adjusted EPS, surpassing analysts' estimates.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:09 pm

AMKBY

A.P. Moller - Maersk has announced that there is high uncertainty regarding the duration and degree of disruption in the Red Sea, indicating potential impacts on global shipping routes.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:07 pm

MAS

Masco Corporation has revised its FY24 adjusted EPS forecast to $4.00-$4.25, surpassing the previous estimate of $3.97. The company expresses confidence in its ability to deliver long-term shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:05 pm