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AAPL

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META

MSFT

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The 'Magnificent Seven' U.S. tech companies are nearing a $13-trillion market cap, outperforming the broader S&P 500 with significant sales growth and market dominance. Their impact raises concerns about equity index concentration, reminiscent of the dot-com bubble. Analysts predict a potential 16% surge by year-end, but caution against overestimating growth, citing past overvaluations.

Portfolio Pulse from Piero Cingari

February 05, 2024 | 9:13 pm

PLTR

Palantir Technologies' shares surged following the announcement of Q4 sales results that exceeded expectations, along with the company providing optimistic guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:13 pm

SKY

Skyline Champion (NYSE:SKY) reported Q3 2024 adjusted EPS of $0.81, surpassing the $0.64 estimate, with sales of $559.50M also beating the $499.72M estimate. However, this represents a 3.92% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:12 pm

PLTR

Palantir Technologies Inc. has projected its Q1 2024 revenue to be between $612 million and $616 million, which is slightly below the analyst estimate of $617.21 million.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:12 pm

FLXS

Flexsteel Industries (NASDAQ:FLXS) reported Q2 adjusted EPS of $0.57, surpassing the $0.56 estimate, marking a 612.5% increase from last year's $0.08. However, their sales of $100.11M fell short of the $102.12M estimate, though it's a 7.48% increase from the previous year.

Portfolio Pulse from totan@benzinga.com

February 05, 2024 | 9:11 pm

VRNS

Varonis Systems (NASDAQ:VRNS) reported Q4 earnings with a 17.39% beat on estimated EPS, reporting $0.27 versus the $0.23 estimate. Revenue increased by $11.48 million from the same period last year. The company had previously beaten EPS estimates last quarter, which led to a 6.79% share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:10 pm

KE

Kimball Electronics (NASDAQ:KE) reported Q2 earnings with a 25.0% miss on estimated EPS, recording $0.33 versus the expected $0.44. Revenue also decreased by $15.46 million compared to the same period last year. Following a similar miss last quarter, KE's share price dropped by 13.03% the next day.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:10 pm

RMBS

Rambus (NASDAQ:RMBS) reported Q4 earnings, beating estimated earnings by 17.78% with an EPS of $0.53 versus an estimate of $0.45, although revenue was down $142 thousand from the same period last year. The company has a history of beating EPS estimates, which in the past has led to a significant increase in share price the following day.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:10 pm

CHGG

Chegg's stock price declined following the announcement of a Q4 revenue shortfall and disappointing Q1 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:09 pm

RMBS

Rambus (NASDAQ:RMBS) reported Q4 earnings of $0.53 per share, surpassing the $0.45 estimate, marking a 278.57% increase from last year. However, their quarterly sales of $122.22M fell short of the $134.00M estimate, a slight decrease from last year's $122.37M.

Portfolio Pulse from totan@benzinga.com

February 05, 2024 | 9:09 pm