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PCTY

The Board of Directors at Paylocity has approved a new share repurchase program, authorizing the company to buy back up to $500 million of its own shares. This move is part of Paylocity's strategy to return value to its shareholders and potentially increase the earnings per share by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:17 pm

NET

Cloudflare (NYSE:NET) reported Q1 2024 adjusted EPS of $0.16, surpassing the $0.13 estimate, with sales of $378.60M exceeding the $373.09M forecast. This represents a 30.47% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:16 pm

FDP

Fresh Del Monte Produce (NYSE:FDP) reported Q1 2024 earnings of $0.34 per share, missing the $0.60 estimate, and sales of $1.108B, missing the $1.152B estimate. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:16 pm

HUN

Huntsman (NYSE:HUN) reported a Q1 2024 adjusted EPS of $(0.06), meeting analyst estimates but marking a 130% decrease from the previous year's earnings of $0.20 per share. Quarterly sales were $1.470 billion, slightly missing the $1.471 billion estimate and showing an 8.47% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:16 pm

MCK

McKesson's (NYSE:MCK) short interest has decreased by 10.48% since the last report, with 1.46 million shares sold short, representing 1.11% of its float. This decrease in short interest could indicate a more bullish sentiment towards MCK among traders. Compared to its peers, McKesson has a lower short interest percentage of float, with the average for its peer group being 4.21%.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 8:15 pm

CLS

Celestica's (NYSE:CLS) short interest has decreased by 4.83% since the last report, with 4.65 million shares sold short, representing 3.94% of its float. The current short interest suggests a bearish sentiment has lessened, taking 2.59 days on average to cover short positions. Compared to its peers, Celestica has a higher short interest percentage of float (3.94% vs. peer average of 2.51%), indicating more bearish sentiment among investors towards Celestica than its peers.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 8:15 pm

FTNT

Fortinet shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:15 pm

SPSC

SPS Commerce (NYSE:SPSC) has seen a decrease in short interest, with 609 thousand shares sold short, representing 2.28% of its float. This is a decline of 3.39% from its last report, taking an average of 3.86 days for traders to cover short positions. The decrease in short interest may indicate a more bullish sentiment towards SPSC compared to its peers, where the average short interest as a percentage of float is 5.87%.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 8:15 pm

FOXF

Fox Factory Holdings projects its FY24 revenue to be between $1.53B and $1.61B, which is below the estimated $1.7B.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:14 pm

SQ

Block (NYSE:SQ) reported Q1 2024 earnings of $0.74 per share, significantly beating the $0.22 estimate, with sales of $5.957B surpassing the $5.821B forecast, marking a 19.38% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:14 pm