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ANET

Rosenblatt analyst Mike Genovese has maintained a Buy rating on Arista Networks (ANET) and increased the price target from $230 to $330.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 6:12 pm

AMZN

BABA

PDD

WMT

Temu, owned by PDD Holdings Inc, is challenging Shein by attracting manufacturers cut off by Shein for not meeting certification standards. Temu's strategy targets not only Shein's market share by offering a platform for low-cost goods but also aims to compete with Amazon and Walmart by encouraging suppliers to manage logistics for faster delivery and lower prices. This move comes as Shein prepares for a U.S. IPO, contingent on Beijing's approval. PDD's stock saw a decrease of 1.87% to $129.11.

Portfolio Pulse from Anusuya Lahiri

February 13, 2024 | 6:11 pm

DDOG

Datadog, Inc (NASDAQ:DDOG) reported Q4 FY23 revenue of $589.649 million, surpassing consensus estimates but saw its stock price drop by 3.23% to $130.49. The company met adjusted EPS expectations at $0.44, expanded its adjusted gross margin to 83%, and increased its adjusted operating margin by 10%. Datadog ended the quarter with $2.6 billion in cash and equivalents, and 3,190 customers with an ARR of $100,000 or more, a 15% increase Y/Y. The company's outlook for Q1 and fiscal 2024 revenue and adjusted EPS fell short of consensus estimates, which may have contributed to the stock's decline.

Portfolio Pulse from Anusuya Lahiri

February 13, 2024 | 6:11 pm

CHGG

Traders are closely watching Chegg (CHGG) as it was mentioned in a popular retail stock newsletter, potentially influencing its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 6:06 pm

AMZN

ORLY

PWR

QCOM

The CNBC Halftime Report featured final trade recommendations, highlighting Quanta Services (PWR), Amazon.com (AMZN), O'Reilly Automotive (ORLY), and Qualcomm (QCOM). These companies were selected based on their current market performance and potential for future growth.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 6:04 pm

MTW

Manitowoc Co (NYSE:MTW) is expected to report an EPS of $0.23 in its upcoming quarterly earnings on February 14, 2024. Historically, the company has surpassed EPS estimates, leading to significant stock price movements. Last quarter, MTW beat the EPS estimate by $0.16, resulting in a 6.35% share price increase the following day. Over the last year, MTW shares have risen by 13.41%, with the stock trading at $17.44 as of February 12.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 6:02 pm

VRAR

Glimpse Group (NASDAQ:VRAR) is expected to report a Q4 2024 EPS of $-0.13 on February 14, 2024. Despite beating last quarter's EPS estimate, the stock price dropped by 5.65% the following day. Over the past year, VRAR shares have declined by 77.19%, indicating a bearish sentiment among long-term shareholders. Investors will be closely watching the earnings report and future guidance for potential impacts on the stock price.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 6:02 pm

QIPT

Quipt Home Medical (NASDAQ:QIPT) is scheduled to release its quarterly earnings report on February 14, 2024. Analysts predict an EPS of $0.00. The company's past earnings performance shows a mix of misses and slight share price changes post-earnings. Shares are currently trading at $4.91, down 23.61% over the last year. Investors will be keen on the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 6:02 pm

GLDD

Great Lakes Dredge & Dock (NASDAQ:GLDD) is scheduled to release its quarterly earnings report on February 14, 2024, with analysts expecting an EPS of $0.10. The company's historical earnings performance shows mixed results, with the last quarter beating estimates but resulting in a 3.55% share price drop the following day. Over the last 52 weeks, GLDD shares have increased by 34.09%, indicating a generally positive sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 6:02 pm

AWK

American Water Works (NYSE:AWK) is scheduled to release its quarterly earnings report on February 14, 2024, with analysts expecting an EPS of $0.83. The company's past earnings performance shows a history of beating EPS estimates, which has occasionally led to positive stock price movements the following day. However, shares have declined by 19.76% over the last 52 weeks, indicating potential investor concern. The upcoming earnings report and particularly the company's guidance for future quarters will be critical for investor sentiment.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 6:01 pm