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NET

JMP Securities analyst Trevor Walsh has maintained a Market Outperform rating on Cloudflare (NYSE:NET) and increased the price target from $75 to $90.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:36 pm

EBAY

eBay Inc. (NASDAQ:EBAY) has agreed to pay $59 million to settle a U.S. Department of Justice inquiry over alleged violations of drug laws on its marketplace. eBay will enhance its monitoring and reporting processes but denies any wrongdoing. The settlement, which eBay has already accounted for, will be paid from cash on hand. The company also announced a workforce reduction of 9% and a cutback in contract workers. eBay's cash and investments totaled $5.4 billion as of September 30, 2023.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 6:35 pm

KURA

JMP Securities analyst Reni Benjamin has reaffirmed a Market Outperform rating on Kura Oncology (NASDAQ:KURA) and increased the price target from $22 to $32, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:34 pm

GOOGL

JMP Securities analyst Andrew Boone has maintained a Market Outperform rating on Alphabet (NASDAQ:GOOGL) and increased the price target from $150 to $160.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:30 pm

ENVA

JMP Securities analyst David Scharf has reaffirmed a Market Outperform rating on Enova International (NYSE:ENVA) and increased the price target from $62 to $73.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:26 pm

NAVI

Navient Corporation (NASDAQ:NAVI) reported Q4 FY23 adjusted revenues of $193 million, missing consensus estimates of $201.17 million, and adjusted earnings of $0.21 per share, below the expected $0.75. The company's net interest income fell due to rising interest rates and loan portfolio paydowns. Navient announced plans to outsource student loan servicing, explore strategic options for its business processing division, and streamline its infrastructure. Shares fell by 1.06% to $17.76.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 6:26 pm

CYBR

JMP Securities analyst Trevor Walsh has reaffirmed CyberArk Software's (NASDAQ:CYBR) Market Outperform rating and increased the price target from $195 to $280, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:24 pm

ARE

JMP Securities analyst Aaron Hecht has reiterated a 'Market Outperform' rating on Alexandria Real Estate (NYSE:ARE) and maintained a price target of $140.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:22 pm

MINM

David E. Lazar disclosed a 51% active stake in Minim, Inc. (NASDAQ:MINM) after acquiring 2 million Series A Preferred Stock, convertible into 1.4 shares of common stock each, and warrants for an additional 2.8 million shares at $1.00 each. Lazar is looking to work with the board to explore strategic options to enhance shareholder value. Minim's stock has surged on the news with trading volume significantly exceeding the average.

Portfolio Pulse from Erica Kollmann

January 31, 2024 | 6:20 pm

ODFL

Old Dominion Freight Line Inc (NASDAQ:ODFL) reported Q4 FY23 results with a marginal revenue increase of 0.3% Y/Y to $1.496 billion, slightly missing consensus estimates. The company saw a 3.0% rise in LTL revenue per hundredweight but a 2.0% decrease in LTL tons per day. Operating income fell 2.1% Y/Y, and EPS of $2.94 beat estimates. The board raised the quarterly dividend by 30% to $0.52 per share. Despite a weak economy, ODFL's investments in employees, service centers, equipment, and technology position it well for future demand increases. Shares rose 1.03% to $399.94.

Portfolio Pulse from Lekha Gupta

January 31, 2024 | 6:20 pm