Shares of Netflix, Inc. (NASDAQ:NFLX) fell sharply in after-hours trading on Thursday following its first-quarter earnings release. Fund manager Gary Black and tech venture capitalist Gene Munster weighed in with their takes on the report. The company reported first-quarter earnings, revenue, and subscriber numbers that all beat estimates. However, it cautioned that subscriber numbers could decline sequentially in the second quarter due to seasonality, and also issued below-consensus […]
Zoom Video Communications Inc (NASDAQ:ZM) is holding its ground in the AI wave, despite intense competition. The company has refused its channel strategy, which is generating “positive partner feedback,” according to Rosenblatt Securities. The Zoom Video Communications Analyst: Catharine Trebnick upgraded the rating for Zoom Video Communications from Neutral to Buy, while keeping the price […]
CSX Corp (NASDAQ:CSX) shares have been in focus after U.S. Sen. Tommy Tuberville‘s latest regulatory filing. CSX also reported its first-quarter results on Wednesday, which came amid an exciting earnings season. Here are some key analyst takeaways from the release. BofA Securities On CSX Analyst Ken Hoexter maintained a Buy rating while cutting the price […]
Stocks surged higher on Thursday, with the S&P 500 index aiming to snap a four-day losing streak as investors assess the latest wave of corporate earnings. During midday trading in New York, all major indices were in the green. Notably, small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), outperformed, posting a 1% […]
Stocks surged higher on Thursday, with the S&P 500 index aiming to snap a four-day losing streak as investors assess the latest wave of corporate earnings. During midday trading in New York, all major indices were in the green. Notably, small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), outperformed, posting a 1% […]
Cybersecurity company Zscaler Inc (NASDAQ:ZS) is considered a “Top Pick on the Zacks Analyst Blog.” It’s also a leader in the SASE (Secure Access Service Edge) market, which is still in its “early innings,” according to KeyBanc Capital Markets analyst Eric Heath. The Zscaler Analyst: Heath upgraded the rating for Zscaler to Overweight, while establishing […]
Chipmaking giant Taiwan Semiconductor Manufacturing Company (NYSE:TSM) on Thursday reported first-quarter results that beat market expectations, thanks to strong demand from companies involved in artificial intelligence. What Happened: TSMC’s revenue rose 16.5% to NT$592.64 billion ($18.87 billion), exceeding the consensus estimate of $18.40 billion. Net income jumped 8.9% to NT$225.49 billion ($6.97 billion), exceeding the expected NT$213.59 […]
U.S. Bancorp‘s (NYSE: USB) first-quarter 2024 adjusted earnings per share (excluding the impact of notable items) of 90 cents beat the Zacks Consensus Estimate by a penny. However, the bottom line declined 22.4% from the prior-year quarter’s level. Shares of USB have declined 3.90% in the pre-market trading despite better-than-anticipated earnings. A full day’s trading […]
As the U.S. financial sector grapples with recent earnings releases, investor reactions have been mixed. Some stocks are witnessing declines. Others are posting gains. See below. Banks Q1 Earnings Reports And Market Reactions, So Far Company Ticker Mkt Cap ($ mn) Price ($) Rating JPMorgan Price Target End Date Q1 Earnings Date EPS Revenue Stock […]
Truist Securities analyst Jasper Bibb upgraded the shares of Strategic Education Inc (NASDAQ:STRA) from Hold to Buy and raised the price target from $110 to $125. The analyst is encouraged by the strong backdrop for enrollment growth in U.S. working adult education and a high fixed cost model which should reap outsized margin benefits from growing enrollments. The analyst […]