Streetbeat News

Stock Prices

SLP

Simulations Plus (NASDAQ:SLP) reported Q1 adjusted earnings of $0.10 per share, meeting analyst estimates, and a 66.67% increase from the previous year. Sales reached $14.50M, surpassing the $13.93M estimate by 4.13% and marking a 21.20% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:07 pm

TRMB

Trimble (TRMB) has completed the sale of its remote water monitoring hardware and software, including the Telog brand and Trimble Unity Remote Monitoring software, to Badger Meter, Inc. The divestiture aligns with Trimble's strategy to focus on core growth areas and its strategic product roadmap. The financial terms of the deal were not disclosed. Trimble will retain its water-related businesses in marine construction, infrastructure monitoring, and surveying. Badger Meter's CEO views the acquisition as a perfect fit for their strategic growth and enhancing their data and analytics offerings.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:02 pm

ARRY

Array Technologies (NASDAQ:ARRY) received mixed ratings from 13 analysts, with a shift towards a more bearish sentiment. The average 12-month price target was reduced by 16.12% to $25.08. Analysts from firms like Mizuho, Piper Sandler, and Goldman Sachs adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Array Technologies, a manufacturer of solar energy ground-mounting systems, has seen a revenue decline of -31.96% over the last quarter but maintains strong profitability indicators such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:01 pm

MAXN

Maxeon Solar Technologies (NASDAQ:MAXN) has received mixed ratings from 14 analysts in the past three months, with a shift towards a more bearish sentiment in the last 30 days. The average 12-month price target has dropped significantly from $19.85 to $11.00. Analysts from firms including Mizuho, Goldman Sachs, Morgan Stanley, UBS, Roth MKM, Northland Capital Markets, Raymond James, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Maxeon Solar Technologies is a manufacturer of solar technology with a lower market capitalization and revenue challenges, as well as a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

Over the past 10 years, Electronic Arts (NASDAQ:EA) has produced an average annual return of 19.39%, outperforming the market by 9.55%. A $1000 investment in EA a decade ago would now be worth $6,031.07. EA's market capitalization currently stands at $36.52 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

ETN

Eaton Corp (NYSE:ETN) has delivered an average annual return of 27.86% over the past 5 years, outperforming the market by 15.05% on an annualized basis. A $100 investment in ETN 5 years ago would be worth $338.99 today. Eaton Corp's market cap stands at $93.02 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

MCO

Analysts have provided diverse opinions on Moody's (NYSE:MCO) over the last three months, with recent ratings showing 5 somewhat bullish and 3 indifferent stances. The average 12-month price target for MCO has increased to $375.38, with a high estimate of $455.00 and a low of $318.00. Analysts from firms like BMO Capital, Wells Fargo, Stifel, RBC Capital, Morgan Stanley, Barclays, and JP Morgan have updated their ratings and price targets, reflecting their views on Moody's performance and market conditions. Moody's financial overview shows strong market presence, revenue growth, net margin, ROE, and ROA, but a higher debt-to-equity ratio indicating potential financial challenges.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

LBPH

Longboard Pharmaceuticals Inc (NASDAQ:LBPH) stock fell by 11.3% to $22.26 after announcing a $150 million underwritten public offering. The company may also grant underwriters a 30-day option to purchase up to an additional $22.5 million of shares. Cantor and Citigroup are leading the offering, with Wedbush PacGrow and H.C. Wainwright & Co. as lead managers. There is no certainty on the completion or terms of the offering. LBPH's 52-week range is $3.60 to $26.50.

Portfolio Pulse from Henry Khederian

January 03, 2024 | 8:59 pm

BTCUSD

The number of Bitcoin millionaire wallets has increased by 300% over the past year, reaching over 91,000. The number of 'wholecoiners' has also surpassed one million. Despite this growth, the figures have not reached the all-time high of November 2021. The top 100 richest Bitcoin addresses include a Binance cold wallet worth approximately $10.7 billion and a Bitfinex cold wallet valued at around $9 billion. Cathie Wood of Ark Invest compared Bitcoin to physical gold, and its market capitalization stands at $840.7 billion, making it the ninth most valuable asset globally. Bitcoin's year-to-date gains are 1.6%, with the overall crypto market capitalization at $1.67 trillion.

Portfolio Pulse from Khyathi Dalal

January 03, 2024 | 8:48 pm

BURL

CHWY

CROX

DKS

FIVE

MODG

PTON

UAA

VFC

WSM

YETI

Consumer discretionary sector stocks are trading lower due to a sector-wide decline as yields rise.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 8:38 pm