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EADSY

SPR

Spirit AeroSystems Holdings Inc (NYSE:SPR) reported a 37% Y/Y revenue growth for Q4 FY23, reaching $1.81 billion and surpassing the consensus of $1.74 billion. This growth was attributed to higher production deliveries across most Commercial programs, increased Defense and Space and Aftermarket revenue, and favorable adjustments from a Boeing Company (NYSE:BA) agreement. Despite the revenue beat, adjusted EPS was $0.48, missing the consensus of $0.87. Spirit's backlog stood at ~$49 billion, including Airbus SE (OTC:EADSY) work packages. The company refrained from providing guidance due to uncertainties with the 737 MAX production rate and Airbus price negotiations.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 3:25 pm

GRRR

Gorilla Technology Group, Inc. (NASDAQ:GRRR) shares surged nearly 100% on Monday following the announcement of their financial results for the first nine months of 2023. The company reported a revenue of $37.9 million, more than doubling from the same period last year. CEO Jay Chandan highlighted the team's dedication and hard work as key to exceeding Q3 expectations. The stock's movement is also supported by heavy trading volume, with over 21.6 million shares traded.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 3:24 pm

BRTX

BioRestorative Therapies, Inc. (BRTX) stock plummeted by 55% to $1.56 following an announcement of agreements with certain warrant holders to exercise their warrants at a reduced price of $2.33, generating about $8.1 million in gross proceeds. The transaction, advised by Roth Capital Partners, was structured as an at-market transaction under Nasdaq rules.

Portfolio Pulse from Henry Khederian

February 06, 2024 | 3:23 pm

GEHC

PLTR

SPOT

TM

GE HealthCare Technologies Inc. (NASDAQ:GEHC) reported better-than-expected quarterly earnings and sales, leading to an 8.3% stock price increase. Other companies like Palantir Technologies, AudioCodes, Frontier Group Holdings, and several more also saw significant gains after reporting positive financial results or receiving analyst upgrades.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 3:20 pm

SNPS

Market whales have shown a predominantly bearish stance on Synopsys (NASDAQ:SNPS) through recent options trading, as detected by Benzinga's options scanner. A total of 9 significant trades were identified, with a sentiment split of 22% bullish and 77% bearish. The focus is on a price band between $550.0 and $580.0 for SNPS, based on trading volumes and open interest. Synopsys, a provider of electronic design automation software, has seen its stock price increase by 0.51% to $562.0, with an RSI indicating it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:16 pm

ADBE

Financial analysis reveals a bearish sentiment among investors towards Adobe (NASDAQ:ADBE), with 64% of options trades showing bearish tendencies. The analysis of 17 unusual trades indicates a price target range of $320.0 to $780.0. The largest trades include both bullish and bearish positions, with significant investments in puts and calls. Adobe's current stock price is $626.49, down by -0.64%, and an analyst from Exane BNP Paribas has downgraded the stock to Underperform with a price target of $499.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:16 pm

PRSO

Peraso Inc (NASDAQ:PRSO) shares plummeted 47.5% to $1.60 after announcing a public offering of shares and warrants, significantly diluting its stock. The offering includes common stock, pre-funded warrants, and Series A and B warrants, with Ladenburg Thalmann & Co. Inc. as the sole book-runner. The offering is expected to close around February 8.

Portfolio Pulse from Henry Khederian

February 06, 2024 | 3:13 pm

WAVD

The SEC has declared the Form S-4 Registration Statement for the proposed merger between WaveDancer, Inc. (NASDAQ:WAVD) and Firefly Neuroscience, Inc. effective. WaveDancer will hold a special stockholder meeting on March 14, 2024, to approve the merger. The merger aims to bring Firefly's FDA-cleared, AI-developed Brain Network Analytics platform to the Nasdaq, potentially improving outcomes for mental illness and cognitive disorder treatments and increasing value for both companies' stockholders.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 3:06 pm

DD

DuPont De Nemours, Inc. (NYSE:DD) reported a 7% year-over-year sales decline in Q4 fiscal 2023, missing consensus estimates. Despite this, the company saw a 166% increase in adjusted free cash flow and announced a new $1 billion share repurchase program and a 6% dividend increase. The company's 2024 outlook anticipates sales and earnings growth in the second half, driven by an electronics market recovery and improved industrial market orders. Shares rose 5.49% to $64.57.

Portfolio Pulse from Akanksha Bakshi

February 06, 2024 | 3:05 pm

PRPO

Precipio shares were halted due to a circuit breaker triggered by an upside movement, with the stock currently up by 6.46%.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 3:04 pm