Streetbeat News

SVCO

Silvaco Group Inc.

Open

6.91

Mkt cap

177M

Volume

249K

High

6.92

P/E Ratio

-4.47

52-wk high

21.59

Low

6.63

Div yield

N/A

52-wk low

6.14

U.S. stocks rose with the Dow Jones gaining over 250 points. U.S. Bancorp reported better-than-expected earnings, while other companies like 180 Life Sciences and Altus Power saw significant stock movements. Novavax faced a setback with an FDA clinical hold.

Portfolio Pulse from Avi Kapoor

October 16, 2024 | 4:26 pm

US stocks showed mixed performance with the Dow Jones slightly up, while NASDAQ and S&P 500 fell. Abbott Laboratories reported better-than-expected Q3 results, boosting its stock. Several other stocks experienced significant price movements due to various announcements and results.

Portfolio Pulse from Avi Kapoor

October 16, 2024 | 2:03 pm

TD Cowen analyst Krish Sankar maintains a Buy rating on Silvaco Group (NASDAQ:SVCO) but lowers the price target from $23 to $20.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:18 pm

In Wednesday's pre-market session, several information technology stocks experienced significant movements. Notable gainers included XIAO-I, Iveda Solutions, and Phunware, while Penguin Solutions and Zapata Computing Holdings were among the losers.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 12:09 pm

The article reports on the after-market movements of various information technology stocks. Actelis Networks, Akoustis Technologies, Sobr Safe, X3 Holdings, Alarum Technologies, and BTCS saw gains, while Silvaco Group, Signing Day Sports, BIT Mining, Domo, Inseego, and Banzai International experienced declines.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 8:30 pm

Silvaco shares are trading lower following a report of decreased orders from Asia in Q3 and a reduction in the company's FY24 revenue outlook.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:23 pm

Silvaco has revised its fiscal year 2024 revenue outlook downward, now expecting revenues between $60 million and $63 million, compared to the previous range of $63 million to $66 million. The estimated revenue was $64.54 million.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:21 pm

Silvaco announced that its Q3 2024 unaudited revenues are expected to be approximately $11 million, missing the estimated $16.08 million. A large order of $5 million, expected in Q3, was received in Q4 and will contribute to Q4 revenues.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:18 pm

Silvaco has reported a decline in orders from Asia during the third quarter, primarily due to economic challenges and ongoing US-China trade tensions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:16 pm

Silvaco has expanded its Victory TCAD and Digital Twin Modeling Platform to include Planar CMOS, FinFET, and Advanced CMOS technologies. This expansion aims to enhance the capabilities of their modeling platform.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 11:10 am

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