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What to Expect From Casey's General Stores Q2 Results? | 2021-11-30 19:23:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CASY'>Casey's General Stores, Inc. (NASDAQ:CASY) </a>will report its Q2 earnings on Dec 7. Analysts at Deutsche Bank provided their views on the company ahead of the results, noting that a top-line beat is widely expected by investors, and solid margin management is required to a see positive share price reaction. </p>
<p>The analysts maintained their positive view on the company as it is successfully navigating rising input cost and labor pressures, and the analysts estimate upside to EPS ahead given sustained strength in fuel profitability and grocery sales, combined with the ongoing recovery in the high-margin prepared food business as consumers hit the road again. </p>
| NASDAQ:CASY | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-caseys-general-stores-q2-results? | Davit Kirakosyan | Financial Modeling Prep |
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UnitedHealth Group Issued 2022 Year EPS Guidance | 2021-11-30 19:20:00 | <p><a href='https://financialmodelingprep.com/financial-summary/UNH'>UnitedHealth Group Incorporated (NYSE:UNH)</a> issued its full 2022-year EPS guidance, expecting it to range from $21.10 to $21.60, compared to the consensus estimate of $21.63. The new guidance is generally in line with prior comments that prior consensus of $21.64 would be at the top end of the range. The new outlook equates to 13% growth over 2021 guidance of $18.75-$18.90, raised from $18.50-$18-9. The growth is within the company's long-term EPS growth range target of 13-16%. Revenues are expected to be between $317 billion and $320 billion, compared to the Street estimate of $311 billion. </p>
| NYSE:UNH | https://financialmodelingprep.com/market-news/fmp-unitedhealth-group-issued-2022-year-eps-guidance | Davit Kirakosyan | Financial Modeling Prep |
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Robert Kiyosaki Says He is Buying More Bitcoin and Ethereum on Inflation Concerns | 2021-11-30 19:18:00 | <p>Robert Kiyosaki, the author of the famous book Rich Dad Poor Dad, said he is going to buy more Bitcoin and Ethereum due to rising inflation concerns. Kiyosaki, who has previously warned about escalating inflation, tweeted that inflation is a tax on the poor and middle class, and it “makes the rich richer”. He recommended to “Get smart. Get richer”, mentioning that he is purchasing more Bitcoin, Ethereum, gold, silver, real estate, and oil.</p> | BTCUSD | https://financialmodelingprep.com/market-news/fmp-robert-kiyosaki-says-he-is-buying-more-bitcoin-and-ethereum-on-inflation-concerns | Davit Kirakosyan | Financial Modeling Prep |
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Autodesk Review Following Q3 Results | 2021-11-29 19:45:00 | <p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/ADSK'>Autodesk, Inc. (NASDAQ:ADSK)</a> following the recent Q3 results, which were dominated by slower-than-expected billings growth and lowered guidance, which drove the share price down on the day following the results by 15%. </p>
<p>This is the second quarter in a row where 2022 billings guidance has been lowered. In Q2, billings were lower than expected due to an unexpected change to annual (from multi-year) billings cycles by EBA clients, as discussed by management. Management highlighted that the lower billings in Q3 were due to worsening macro conditions. </p>
<p>The analysts expect the weakening trend in billings to result in FCF headwinds in 2022 and 2023, but mentioned they believe that the company is a mid-teen top-line growth company with material margin upside potential.</p>
| NASDAQ:ADSK | https://financialmodelingprep.com/market-news/fmp-autodesk-review-following-q3-results- | Davit Kirakosyan | Financial Modeling Prep |
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Canadian Pacific Railway Limited Downgraded at Deutsche Bank | 2021-11-29 19:41:00 | <p>Analysts at Deutsche Bank downgraded <a href='https://financialmodelingprep.com/financial-summary/CP'>Canadian Pacific Railway Limited (NYSE:CP) </a>to hold from buy predominantly to reflect the significant additional debt (the company is in the process of raising over C$10 billion in new debt) and new equity (the company will issue 262 new shares to pay for its KSU acquisition), as well as a bit too optimistic 2023 EPS expectations. </p>
<p>The analysts believe the near-term risks associated with higher debt and equity and optimistic EPS expectations have the potential to more than offset the long-term benefits of the KSU acquisition over the course of 2022.</p>
| NYSE:CP | https://financialmodelingprep.com/market-news/fmp-canadian-pacific-railway-limited-downgraded-at-deutsche-bank | Davit Kirakosyan | Financial Modeling Prep |
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Zscaler Q1 Preview | 2021-11-29 19:39:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ZS'>Zscaler, Inc. (NASDAQ:ZS) </a>is going to report its Q1 results on Tuesday. Analysts at RBC Capital provided their expectations ahead of the earnings report. The analysts anticipate the company to deliver upside to the consensus estimate (revenue/billings of $212.0M/$203.6M, or +49%/ +41%) following favorable partner checks, continued bullish hiring data and strong results from security peers. </p>
<p>Investor focus likely remains on billings growth, success in large transactions, emerging product traction and commentary around the pipeline. </p>
| NASDAQ:ZS | https://financialmodelingprep.com/market-news/fmp-zscaler-q1-preview | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From CrowdStrike Holdings Q3 Results? | 2021-11-29 19:37:00 | <p>Analysts at RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/CRWD'>CrowdStrike Holdings, Inc. (NASDAQ:CRWD) </a>ahead of Q3 results, expecting strong earnings against negative investor sentiment, with shares down 17% vs. the S&P 500 +2% since Q2 results.</p>
<p>According to the analysts, the quarter should benefit from both the land and expand motion that benefits from 21 modules that can help offset pricing pressure in individual modules as they believe the overall competitive environment remains favorable. </p>
<p>The brokerage reiterated its outperform rating and $315 price target as it continues to feel the company remains well-positioned for long-term market consolidation as Omicron concerns could be an incremental demand generator.</p>
| NASDAQ:CRWD | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-crowdstrike-holdings-q3-results? | Davit Kirakosyan | Financial Modeling Prep |
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Plan B Still Believes in $100,000 Bitcoin | 2021-11-29 19:33:00 | <p>Plan B, the pseudonymous bitcoin analyst, who is well-respected among crypto investors, having amassed 1.5 million Twitter followers, seems confident that the price of bitcoin is still on track towards $100,000. The infamous analyst, who created the bitcoin price model called stock-to-flow (S2F), has done well predicting bitcoin price, but his November's price prediction ($98,000 call for November) missed. </p> | BTCUSD | https://financialmodelingprep.com/market-news/fmp-plan-b-still-believes-in-$100000-bitcoin | Davit Kirakosyan | Financial Modeling Prep |
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IHS Holding Limited Reported Strong Results For The First Quarter as a Public Company | 2021-11-26 20:20:00 | <p><a href='https://financialmodelingprep.com/financial-summary/IHS'>IHS Holding Limited (NYSE:IHS) </a>reported its first quarterly results post-IPO. Q3 results came in better than expected on broad outperformance across the company’s geographical segments. Subsequent to quarter end, the company announced its expansion into South Africa and closed on its acquisition of TIM Fiber in Brazil. </p>
<p>Management did not provide guidance for 2021. Management guidance for 2022 is expected with the release of Q4 results. Analysts at RBC Capital anticipate 2021 revenue/EBITDA to be $1,561/$922 million. For 2022, the analysts expect revenue/EBITDA to be $1,749/$1,000 million.</p>
| NYSE:IHS | https://financialmodelingprep.com/market-news/fmp-ihs-holding-limited-reported-strong-results-for-the-first-quarter-as-a-public-company | Davit Kirakosyan | Financial Modeling Prep |
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BJ's Wholesale Club Holdings Share Price Increase Expected to Continue | 2021-11-26 20:18:00 | <p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/BJ'>BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) </a>post Q3 results, which came in better than anticipated. Since the reporting of the results, the stock price increased more than 10% as investor confidence continues to build after another beat-and-raise result. Despite a recent re-rating, the analysts at Berenberg Bank continue to strongly recommend investors purchase the stock, as they believe the market doesn’t fully appreciate the company’s ability to sustain and add to recent share gains.</p> | NYSE:BJ | https://financialmodelingprep.com/market-news/fmp-bjs-wholesale-club-holdings-share-price-increase-expected-to-continue- | Davit Kirakosyan | Financial Modeling Prep |
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Beacon Roofing Supply Shares Down 10% In the Past Two Weeks | 2021-11-26 20:16:00 | <p><a href='https://financialmodelingprep.com/financial-summary/BECN'>Beacon Roofing Supply, Inc. (NASDAQ:BECN) </a>reported its Q4 results last week, with EPS coming in at $1.53, beating the consensus estimate of $1.50. However, the company’s shares have declined around 10% in the last two weeks as the company begins lapping significantly tougher volume/margin comps. Nevertheless, these headwinds were already well flagged, and management effectively assuaged any concerns of sharp margin reversal next year. Moreover, given residential shingles manufacturers are experiencing significant asphalt inflation, the analysts at Berenberg Bank think that additional vendor price announcements will take place next year.</p> | NASDAQ:BECN | https://financialmodelingprep.com/market-news/fmp-beacon-roofing-supply-shares-down-10-in-the-past-two-weeks | Davit Kirakosyan | Financial Modeling Prep |
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CoreSite Realty Corporation Review Post Q3 Results | 2021-11-26 20:13:00 | <p>Analysts at RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/COR'>CoreSite Realty Corporation (NYSE:COR) </a>post Q3 results. The analysts raised their price target to $170 from $136, maintaining their sector perform rating. </p>
<p>Q3 results were mostly in line with expectations, with maintained 2021 guidance for revenue, EBITDA, FFO/share and lowered capex guidance by $60 million. On November 15, American Tower made an announcement, according to which it has entered into an agreement to acquire CoreSite Realty for $170 per share in an all-cash offer, with AMT the surviving entity. The value of the transaction is around $10 billion, and it is expected to close by the end of 2021.</p>
| NYSE:COR | https://financialmodelingprep.com/market-news/fmp-coresite-realty-corporation-review-post-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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96% of Americans Lack Basic Crypto Knowledge | 2021-11-26 20:11:00 | <p>According to the study by cryptoliteracy.org, 99% of Mexicans and Brazilians and 96% of Americans fail to comprehend basic cryptocurrency knowledge. 9 out of 10 survey participants didn’t know that Bitcoin’s supply is capped off at 21 million. 17% of survey respondents in the U.S. who were aware of bitcoin, own a cryptocurrency. This rate is 15% in Brazil, and 14% in Mexico.</p> | BTCUSD | https://financialmodelingprep.com/market-news/fmp-96-of-americans-lack-basic-crypto-knowledge | Davit Kirakosyan | Financial Modeling Prep |
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HP Shares Up 10% Following Q4 Results | 2021-11-25 20:24:00 | <p><a href='https://financialmodelingprep.com/financial-summary/HPQ'>HP Inc. (NYSE:HPQ) </a>shares closed around 10% higher on Wednesday following the company’s reported Q4 results, with non-GAAP EPS coming in at $0.94, beating the consensus estimate of $0.88. Quarterly revenue grew 9.3% year-over-year to $16.7 billion, compared to the Street estimate of $15.4 billion.</p>
<p>Q4 results and Q1 guidance highlighted improved execution on the supply chain and an ongoing healthy demand environment, particularly on the company’s enterprise side. Supply constraints remain a meaningful headwind in both Print and Personal Systems, but margins for both businesses remain solid with the company continuing to focus on profitability in its Print business and benefitting from higher ASPs and improving mix in its Personal Systems business. </p>
<p>While true demand is still hard to gauge in this supply-constrained environment, analysts at Deutsche Bank noted that the company is now seeing year-over-year declines in its consumer Print and PS businesses, which is not surprising considering the hard year-over-year compares and the shift by some employees back to the office.</p>
| NYSE:HPQ | https://financialmodelingprep.com/market-news/fmp-hp-shares-up-10-following-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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DICK'S Sporting Goods Reported Strong Q3 Beat | 2021-11-25 20:21:00 | <p><a href='https://financialmodelingprep.com/financial-summary/DKS'>DICK'S Sporting Goods, Inc. (NYSE:DKS) </a>reported its Q3 results on Tuesday, continuing to impress investors with its ability to utilize a now improved business model to capitalize well upon significant, COVID-19-related tailwinds, within sporting goods, and discretionary, broadly. Adjusted EPS came in at $3.19, beating the consensus estimate of $1.93.</p>
<p>Analysts at Oppenheimer said they are now turning even more concerned that potential for outsized sales and profit expansion at the chain might be waning, as pandemic dynamics abate, and spending normalizes, at least somewhat. </p>
| NYSE:DKS | https://financialmodelingprep.com/market-news/fmp-dicks-sporting-goods-reported-strong-q3-beat | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From the Upcoming Dollar General Q3 Results? | 2021-11-25 20:18:00 | <p>Analysts at Oppenheimer provided their views on <a href='https://financialmodelingprep.com/financial-summary/DG'>Dollar General Corporation (NYSE:DG) </a>ahead of the company’s Q3 results, which will be reported on Dec 2. With potentially aggressive Street forecasts and margin pressures, the analysts expect less upside potential from the quarterly results. Historically, the company’s shares have struggled even on meaningful beats, declining following six out of the past seven earnings reports. The analysts said they would take advantage of any volatility, mentioning they believe current levels are an attractive entry point for longer-term players. </p> | NYSE:DG | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-the-upcoming-dollar-general-q3-results? | Davit Kirakosyan | Financial Modeling Prep |
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VMware Reported Strong Q3 Results | 2021-11-25 20:15:00 | <p><a href='https://financialmodelingprep.com/financial-summary/VMW'>VMware, Inc. (NYSE:VMW) </a>reported its Q3 results, which outperformed virtually all consensus estimates, but the upside was largely driven by license revenue as Subscription and SaaS (S&S) was roughly in-line with expectations. Quarterly revenue came in at $3.188 billion (up 11% year-over-year), better than the consensus estimate of $3.123 billion.</p>
<p>For 2023, management expects revenue growth to be in the high-single digits with S&S making up around 30%, as well as for S&S ARR to exit 2023 at a higher growth-rate than 2022.</p>
<p>Analysts at RBC Capital believe that 2023 guidance implies an acceleration in subscription and SaaS growth as the company looks to better align its go-to-market strategy with its increasingly cloudy product set. </p>
| NYSE:VMW | https://financialmodelingprep.com/market-news/fmp-vmware-reported-strong-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Bitcoin Dominance is Now Lowest Since May | 2021-11-25 20:09:00 | <p>Bitcoin, with its current market capitalization of around $1.1 trillion, is dominating the crypto economy, which has a total value of around $2.8 trillion. Bitcoin dominance dropped below 40% these last several days, the lowest level since mid-May.</p> | BTCUSD | https://financialmodelingprep.com/market-news/fmp-bitcoin-dominance-is-now-lowest-since-may | Davit Kirakosyan | Financial Modeling Prep |
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Cerence 20% Drop is a Buying Opportunity | 2021-11-24 20:12:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CRNC'>Cerence Inc. (NASDAQ:CRNC) </a>share price dropped more than 20% on Monday following the company’s Q4 results, which raised concerns around New Connected Services growth after a 34% quarter-over-quarter decline.
Analysts at Berenberg Bank think this significant decline in share prices is a good opportunity to buy the stock. The analysts advised investors to keep the following key point in mind:</p>
<p>(1) management has a track record of conservative guidance,</p>
<p>(2) Management reiterated 2024 targets, with $700 million revenue and 37% EBITDA margins,</p>
<p>(3) 2024 targets include $155 million from nascent New Connected Services/Apps and markets, </p>
<p>(4) The order backlog offers line of sight to a meaningful portion of targeted New Connected revenue.</p>
| NASDAQ:CRNC | https://financialmodelingprep.com/market-news/fmp-cerence-20-drop-is-a-buying-opportunity | Davit Kirakosyan | Financial Modeling Prep |
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Nutanix, Inc. (NASDAQ:NTNX) Shares up 8% on Better Than Expected Q1 Results | 2021-11-24 20:10:00 | <p><a href='https://financialmodelingprep.com/financial-summary/NTNX'>Nutanix, Inc. (NASDAQ:NTNX) </a>shares closed around 8% higher following the company’s Q1 results, highlighted by 67% ARR growth, 33% ACV billings growth and 21% revenue growth, highest in three years, while FCF approached break-even.</p>
<p>Execution continues against longer-term ACV billings and FCF targets, with continued progress on the subscription model.</p>
| NASDAQ:NTNX | https://financialmodelingprep.com/market-news/fmp-nutanix-inc-(nasdaq:ntnx)-shares-up-8-on-better-than-expected-q1-results | Davit Kirakosyan | Financial Modeling Prep |
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Autodesk Shares Down 15% on Macro Challenges | 2021-11-24 20:07:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ADSK'>Autodesk, Inc. (NASDAQ:ADSK) </a>shares closed 15.49% lower on Wednesday following Q3 results. Quarterly revenue came in at $1.126 billion, slightly above the consensus estimate by 0.7%.</p>
<p>While the demand environment was called out as robust, macro challenges around supply chain disruptions, labor shortages and AEC weakness in China impacted the results and outlook as 2022 billings/FCF guidance moved lower. The company now expects billings to be $4.74-$4.8 billion.</p>
<p>While 2023 FCF guidance was reiterated, management cautioned around COVID, the supply chain and FX risks, which could impact the 2023 FCF target by $100-200 million, with revenue growth likely closer to 17%. </p>
| NASDAQ:ADSK | https://financialmodelingprep.com/market-news/fmp-autodesk-shares-down-15-on-macro-challenges- | Davit Kirakosyan | Financial Modeling Prep |
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Hillary Clinton Says Cryptocurrencies Should be Regulated. Warns of Risks of Manipulation by Russia and China | 2021-11-24 20:04:00 | <p>Hillary Clinton, the former U.S. presidential candidate, called on the Biden administration to regulate cryptocurrencies, during an interview on Tuesday. She mentioned the risks of manipulations from countries like Russia and China, who can use it to their advantage to destabilize countries as well as the U.S. dollar.</p> | https://financialmodelingprep.com/market-news/fmp-hillary-clinton-says-cryptocurrencies-should-be-regulated-warns-of-risks-of-manipulation-by-russia-and-china | Davit Kirakosyan | Financial Modeling Prep |
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Anaplan Shares Dropped 15% Following Q3 Results | 2021-11-24 20:02:00 | <p><a href='https://financialmodelingprep.com/financial-summary/PLAN'>Anaplan, Inc. (NYSE:PLAN) </a>shares closed more than 15% lower on Wednesday following the company’s reported Q3 results, with adjusted EPS coming in at ($0.05), beating the consensus estimate by 54.6%. The reason for that significant stock price decline was the year-over-year slowdown of the company’s calculated billings, which were up just 26% to $182.5 million in Q3, compared to more than 30% in the previous quarters.</p>
<p>Analysts at Berenberg Bank believe that investors’ reaction is unwarranted for three reasons: </p>
<p>(1) there is an FX impact to Q3 and 2023 preliminary guidance,</p>
<p>(2) billings are notoriously lumpy - large deals have much longer sales cycles (6-12 months),</p>
<p>(3) most customer metrics are at a two-year record and imply demand is as strong as ever. </p>
| NYSE:PLAN | https://financialmodelingprep.com/market-news/fmp-anaplan-shares-dropped-15-following-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Urban Outfitters Shares Down 9% Following Q3 Results | 2021-11-24 06:19:00 | <p>Urban Outfitters, Inc. <a href='https://site.financialmodelingprep.com/financial-summary/URBN'>
(NASDAQ:URBN)</a> shares closed more than 9% lower on Tuesday, following the company’s reported Q3 results, with EPS coming in at $0.89, beating the consensus estimate of $0.84 driven by solid GPM and Selling, General and Administrative Expenses control.</p>
<p>However, the company missed buy-side comp expectations at both Urban Outfitters and Anthropologie. Although results fell short, analysts at Deutsche Bank mentioned that the company faced supply chain delays that weighed on Q3 sales with top-line trends accelerating in October (best month of the quarter) and Q4 as receipt flow improved.</p> | URBN | https://financialmodelingprep.com/market-news/fmp-urban-outfitters-shares-down-9-following-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Burlington Stores Shares Up 8% Following Q3 Results | 2021-11-23 20:42:00 | <p><a href='https://financialmodelingprep.com/financial-summary/BURL'>Burlington Stores, Inc. (NYSE:BURL) </a>shares closed more than 8% higher on Tuesday, following the company’s reported Q3 results, with revenue coming in at $2.30 billion, beating the consensus estimate of $2.23 billion. However, comparable store sales growth of 16% fell short of the Street estimate of 19.4%. </p>
<p>Management highlighted positive performance of new stores, especially the smaller prototype stores (25,000 sq. ft.), mentioning that it will accelerate the pace of new store openings.</p>
<p>Similar to the previous quarter, the company did not provide forward sales guidance, which is surprising, given the fact that its notoriously conservative peer ROST once again provided detailed guidance in connection with its Q3 results last week.</p>
| NYSE:BURL | https://financialmodelingprep.com/market-news/fmp-burlington-stores-shares-up-8-following-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Arrowhead Pharmaceuticals Announced a Deal For a NASH Asset | 2021-11-23 20:40:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ARWR'>Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) </a>made an announcement, according to which they reached a deal with GSK for ARO-HSD, their lead asset for NASH. The company will receive a $120 million upfront payment, up to $910 million in downstream milestones and royalties up to 20%, while GSK will receive exclusive global rights in all territories, excluding China.
Non-dilutive capital should extend the runway and allow the company to focus on wholly-owned programs, which analysts believe will have a higher ROI.</p>
| NASDAQ:ARWR | https://financialmodelingprep.com/market-news/fmp-arrowhead-pharmaceuticals-announced-a-deal-for-a-nash-asset | Davit Kirakosyan | Financial Modeling Prep |
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NFT Sales Down Almost 30% Since End of October | 2021-11-23 20:32:00 | <p>Sales of Non-fungible tokens (NFTs), which saw massive demand increase throughout the year, dropped 28.79% since the end of October. According to market metrics from nonfungible.com, the sales decline measured in USD was not that significant, standing at around 16%. This decline was followed by the overall downturn in cryptocurrencies.</p> | https://financialmodelingprep.com/market-news/fmp-nft-sales-down-almost-30-since-end-of-october | Davit Kirakosyan | Financial Modeling Prep |
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Genasys Inc Shares Dropped 14% Despite Strong Q4 Results | 2021-11-23 20:31:00 | <p><a href='https://financialmodelingprep.com/financial-summary/GNSS'>Genasys Inc. (NASDAQ:GNSS) </a>shares closed more than 14% lower on Tuesday, despite the company’s reported strong Q4 results, with record revenue of $15 million, which represents an 8% year-over-year growth. The revenue came in better than the consensus estimate of $14.23 million. Backlog grew to $36.1 million. Management remains very bullish on its software revenue growth outlook, expecting 50% growth in 2022. </p>
<p>The reason for the sharp decline in the stock price is probably the management’s note on rising prices and growing lead times for its components into 2022, and the company’s plans on passing this price increase to its commercial customers. Given a tightening in the supply chain in Q4, visibility for 2022 sales and bookings are trending lower.</p>
| NASDAQ:GNSS | https://financialmodelingprep.com/market-news/fmp-genasys-inc-shares-dropped-14-despite-strong-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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BioMarin Pharmaceutical’s Vosoritide Gets FDA Accelerated Approval | 2021-11-22 21:15:00 | <p><a href='https://financialmodelingprep.com/financial-summary/BRMN'>BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) </a>made an announcement, according to which the FDA has granted accelerated approval for vosoritide in children age 5 or older with achondroplasia and active growth plates. </p>
<p>The company plans to fully launch Voxogo in the US in December with net pricing of around $240,000 per patient per year, slightly below the company's initial launch pricing in the EU. Management spoke positively toward their pre-launch activities noting expectations for Voxogo to represent the company's largest launch and potentially highest grossing product to date. </p>
| NASDAQ:BMRN | https://financialmodelingprep.com/market-news/fmp-biomarin-pharmaceutical’s-vosoritide-gets-fda-accelerated-approval | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From Semtech Corporation’s Upcoming Q3? | 2021-11-22 21:10:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SMTC'>Semtech Corporation (NASDAQ:SMTC) </a>will report its Q3 earnings on Dec 1. Analysts at Oppenheimer provided their outlook on the company ahead of the results, noting that they see upside to consensus Q3 sales/EPS of $193 million/$0.72 and Q4 $187 million/$0.65. </p>
<p>Demand continues to outpace a tight supply environment. Q2 bookings were up 75% year-over-year. Internal inventory increased to 129 in efforts to accommodate near-term demand. According to the analysts, this positions the company to capture content/share in DC/cloud, 5G RAN, 10G PON, while supporting LoRa growth. LoRa, up around 20% last year and tracking up 50% in 2021, continues to gain momentum with wins at Amazon Sidewalk and AWS IoT Core. MSFT recently joined the LoRa Alliance paving the way for future wins, according to the analysts. </p>
| NASDAQ:SMTC | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-semtech-corporation’s-upcoming-q3? | Davit Kirakosyan | Financial Modeling Prep |
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What’s New For Aramark? | 2021-11-22 21:06:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ARMK'>Aramark (NYSE:ARMK) </a>has benefited from significantly better new business wins in fiscal 2021, driven by all three key segments: first-time outsourcing, wins from regional players and wins from large players. </p>
<p>As well as higher new business, the company has improved its retention rate to 95.5%, which is 150bp better than the average for the previous 5 years. The company believes that this is being driven by improved processes and that it is sustainable in the future. The company continues to have a target of delivering retention rates of 97% over time.</p>
| NYSE:ARMK | https://financialmodelingprep.com/market-news/fmp-what’s-new-for-aramark? | Davit Kirakosyan | Financial Modeling Prep |
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Floor & Decor Holdings Price Target Increased to $153 From $134 at Berenberg Bank | 2021-11-22 21:04:00 | <p>Analysts at Berenberg Bank increased their price target on <a href='https://financialmodelingprep.com/financial-summary/FND'>Floor & Decor Holdings, Inc. (NYSE:FND) </a>to $153 from $134 following the recent Q3 results, which reflected the company’s ability to provide consumers with a wide range of products in a challenging operating environment. </p>
<p>While investors have remained cautious over margin pressures and a lack of full 2022-year outlook, analysts at Berenberg Bank remain positive on the company, given ongoing industry tailwinds and the company’s continued expansion of new stores and product offerings.</p>
<p>Q3 same-store sales grew 10.9% year-over-year driven by robust demand and an 8.3% year-over-year increase in average sales per customer. However, despite continued same-store sales growth above management’s target, investors have remained cautious over a moderating growth rate. On a two-year CAGR, same-store sales grew 14.1% in Q3 versus 15.1% in Q2.</p>
<p>Given the continued opening of new stores, upselling of products, and growth of the company’s pro-business, Berenberg Bank believes that drivers for future sales growth remain strong.</p>
| NYSE:FND | https://financialmodelingprep.com/market-news/fmp-floor-&-decor-holdings-price-target-increased-to-$153-from-$134-at-berenberg-bank | Davit Kirakosyan | Financial Modeling Prep |
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Bitcoin to Become a $100 Trillion Asset Class | 2021-11-22 21:00:00 | <p>Michael Saylor, the CEO of Microstrategy, spoke about the future of Bitcoin, anticipating the cryptocurrency to become a $100 trillion asset class by the end of the decade.</p>
<p>According to Saylor, whose company owns 114,042 Bitcoins, it’s clear that Bitcoin is winning and gold is losing as a store of value and it will continue the same way, and eventually, Bitcoin will be able to replace gold by the end of the decade.</p>
| BTCUSD | https://financialmodelingprep.com/market-news/fmp-bitcoin-to-become-a-$100-trillion-asset-class | Davit Kirakosyan | Financial Modeling Prep |
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Palo Alto Networks Reported Strong Q1 Results | 2021-11-19 19:27:00 | <p><a href='https://financialmodelingprep.com/financial-summary/PANW'>Palo Alto Networks, Inc. (NASDAQ:PANW) </a>reported its Q1 results, with non-GAAP EPS coming in at $1.64, beating the consensus estimate of $1.57.Quarterly revenue was $1.25 billion, compared to the consensus estimate of $1.20 billion. The company raised its full 2022-year revenue guidance to $5.35-$5.40 billion, representing a growth rate of 26-27%.</p>
<p>While revenue and billings outperformance was broad-based, what stood out was billings growth of 28% compared to the consensus estimate of 21% and +77% NG Security ARR. Also of note, with all the concern around supply chain issues, product revenue grew 25% to $296 million and topped expectations of 11% growth. </p>
<p>Analysts at RBC Capital increased their price target on the company’s shares to $660 from $590, maintaining their Outperform rating.</p>
| NASDAQ:PANW | https://financialmodelingprep.com/market-news/fmp-palo-alto-networks-reported-strong-q1-results | Davit Kirakosyan | Financial Modeling Prep |
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CVS Health Corporation Announces Major Reorganization | 2021-11-19 19:24:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CVS'>CVS Health Corporation (NYSE:CVS) </a>announced a major reorganization, according to which it is going to shutter around 900 stores over the next three years, closing about 300 stores per year beginning in H1/22, eventually closing almost 10% of its stores. </p>
<p>Additionally, the company will redesign a number of its stores around three formats: locations dedicated to offering primary care services, an enhanced version of HealthHUB locations, and traditional legacy CVS Pharmacy stores. </p>
<p>As part of the reorganization, the company will take a $1.0-$1.2 billion charge to exit these locations. The company anticipates the changes to be non- material to adj. EPS in 2021/2022, but slightly accretive in 2023.</p>
| NYSE:CVS | https://financialmodelingprep.com/market-news/fmp-cvs-health-corporation-announces-major-reorganization | Davit Kirakosyan | Financial Modeling Prep |
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Intuit Shares Up 10% Following Q1 Results | 2021-11-19 19:22:00 | <p><a href='https://financialmodelingprep.com/financial-summary/INTU'>Intuit Inc. (NASDAQ:INTU) </a>shares closed 10.08% higher on Friday following the company’s reported Q1 results, with total revenue/adjusted operating income/EPS growing 52%/66%/63% year-over-year, respectively, all exceeding the Street estimates. </p>
<p>The relatively resilient Consumer (primarily TurboTax)/ProConnect segments were consistent with expectations in seasonally-light F1Q, while the Small Business segment was the primary Q1 upside driver with Credit Karma also contributing. Emerging from a relatively moderate pandemic-driven lull, Small Business segment Q1 revenue grew 22% year-over-year. </p>
<p>On the Q1 outperformance/recent acquisition of Mailchimp, Intuit increased its 2022 total revenue growth guidance to 26-28% year-over-year, better than the consensus estimate.</p>
| NASDAQ:INTU | https://financialmodelingprep.com/market-news/fmp-intuit-shares-up-10-following-q1-results | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From Analog Devices Q4 Earnings Results? | 2021-11-19 19:18:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ADI'>Analog Devices, Inc. (NASDAQ:ADI) </a>will report its Q4 results on Nov 23. Analysts at Oppenheimer provided their views on the company ahead of the results, expecting modest upside to the company’s pre-announced Q4 (Oct.) sales/EPS of $2.3 billion/$1.69 and Q1 (Jan.) $2.4 billion/$1.70. </p>
<p>Supply constraints remain a central theme for the group and likely cap upside into 2022. The company’s backlog is extended into 2022 as management adds capacity. The analysts increased their price target to $210 from $200, maintaining their Outperform rating. </p>
| NASDAQ:ADI | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-analog-devices-q4-earnings-results? | Davit Kirakosyan | Financial Modeling Prep |
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Bitcoin and Other Major Cryptos Dropped This Week | 2021-11-19 19:14:00 | <p>Bitcoin, dogecoin, Shiba Inu, and other major cryptocurrency prices dropped significantly during this week, resulting in a global crypto market capitalization to slip to $2.6 trillion. Bitcoin, which has more than doubled from the start of the year, lost around 20% during the last two weeks. </p>
| BTCUSD | https://financialmodelingprep.com/market-news/fmp-bitcoin-and-other-major-cryptos-dropped-this-week | Davit Kirakosyan | Financial Modeling Prep |
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Tetra Tech Q4 Results Were Ahead of Estimates | 2021-11-18 19:45:00 | <p><a href='https://financialmodelingprep.com/financial-summary/TTEK'>Tetra Tech, Inc. (NASDAQ:TTEK) </a>reported its Q4 results, which were ahead of Street estimates on net revenue, adjusted income from operations, and adjusted EPS. The company benefited from strong growth across all segments of the business. Overall, while management’s 2022 guidance is in line with current expectations, the analysts at Berenberg Bank believe the momentum the company is seeing will continue into 2022 and expect upgrades to guidance. Management noted that the new administration is providing a supportive environment, particularly in State & Local and sees a significant opportunity from Biden’s infrastructure bill.</p> | NASDAQ:TTEK | https://financialmodelingprep.com/market-news/fmp-tetra-tech-q4-results-were-ahead-of-estimates | Davit Kirakosyan | Financial Modeling Prep |
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Meritor Reported Q4 Results | 2021-11-18 19:43:00 | <p><a href='https://financialmodelingprep.com/financial-summary/MTOR'>Meritor, Inc. (NYSE:MTOR) </a>reported its Q4 results, with revenue growing 25% year-over-year to $945 million, driven mainly by higher global truck production in all markets. Despite ongoing headwinds from supply chain disruption, volatile work schedules and labor issues, the company continued to execute. While headwinds are likely to persist into 2022, the company should still be able to drive solid margin expansion driven by recovery/pricing actions, higher volume and continued operational performance. </p> | NYSE:MTOR | https://financialmodelingprep.com/market-news/fmp-meritor-reported-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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Sportradar Group Reported its First Quarterly Results as a Public Company | 2021-11-18 19:42:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SRAD'>Sportradar Group AG (NASDAQ:SRAD) </a>reported its Q3 results, with revenue coming in at $158.7 million, representing a 30% year-over-year growth. This represents the company’s first-quarter as a public company. The results beat the consensus estimates on top and bottom line, with the company providing guidance in-line to above street expectations and announcing a multi-year partnership with the NBA. </p> | NASDAQ:SRAD | https://financialmodelingprep.com/market-news/fmp-sportradar-group-reported-its-first-quarterly-results-as-a-public-company | Davit Kirakosyan | Financial Modeling Prep |
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Ulta Beauty Q3 Preview | 2021-11-18 19:38:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ULTA'>Ulta Beauty, Inc. (NASDAQ:ULTA)</a> is expected to report its Q3 results on Dec 2. Analysts at Oppenheimer provided their views on the company ahead of the results, mentioning that the shares have been quite volatile lately, and they have been surprised by the latest rally off the lows given downbeat commentary on 2022 EPS growth prospects at the company's analyst day on Oct 19. From a fundamental perspective, beauty data points remain robust, and the analysts believe the company is positioned to deliver significant upside in the next two quarters. </p>
<p>However, following the recent rally and a likely conservative 2022 guidance from the company next year, the analysts believe the setup through the company's Q4 report in mid-March could be more challenging with bumps along the way. As a result, they would be positioned to take advantage of weakness vs. chasing strength.</p>
| NASDAQ:ULTA | https://financialmodelingprep.com/market-news/fmp-ulta-beauty-q3-preview | Davit Kirakosyan | Financial Modeling Prep |
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Bitcoin Dropped Below $57,000 | 2021-11-18 19:36:00 | <p>Bitcoin was trading lower today at around $57,000, together with all major cryptocurrencies that lost 6-10%. This was followed by the recent surge in the cryptocurrency’s price at the start of the week, which was driven by a major upgrade to its network.</p>
<p>The National Development and Reform Commission, China’s state planner, said that it is going to continue its clean-up process of virtual currency mining in the country.</p>
| BTCUSD | https://financialmodelingprep.com/market-news/fmp-bitcoin-dropped-below-$57000 | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From Workday Q3 Results? | 2021-11-17 15:28:00 | <p>Analysts at Deutsche Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/WDAY'>Workday, Inc. (NASDAQ:WDAY)</a> ahead of the company’s Q3 results, which are expected to be reported on Nov 18 after market close. </p>
<p>The analysts said that their field work suggests steady momentum as the company continues to see strong traction in medium enterprise, verticals like Financial Services, Retail, Education and Healthcare, and solid trends across both HCM and FINS. </p>
<p>Labor constraints continue to affect the partner ecosystem, which the analysts see as a byproduct of strong demand, though can potentially result in some dislocation. </p>
| NASDAQ:WDAY | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-workday-q3-results? | Davit Kirakosyan | Financial Modeling Prep |
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Welltower Outlook by RBC Capital | 2021-11-17 15:26:00 | <p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/WELL'>Welltower Inc. (NYSE:WELL)</a>, following the company’s recently announced Q3 results, highlighting a strengthening investment pipeline offset by expected near-term SHOP headwinds. The analysts said they remain encouraged by the long-term SHOP outlook, and not only expect the space to deliver a solid recovery over the next 18 months but also deliver growth above and beyond pre-COVID levels in 2024 and 2025. The analysts are slightly lowering their FFO estimates to reflect their updated near-term SHOP outlook and reducing their price target on the company’s shares to $93 from $95.</p> | NYSE:WELL | https://financialmodelingprep.com/market-news/fmp-welltower-outlook-by-rbc-capital | Davit Kirakosyan | Financial Modeling Prep |
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Varex Imaging Corporation Shares Up 12% on Q4 Beat | 2021-11-17 15:24:00 | <p><a href='https://financialmodelingprep.com/financial-summary/VREX'>Varex Imaging Corporation (NASDAQ:VREX) </a>were trading 12% higher Wednesday afternoon, following the company’s Q4 results, with revenue growth of 7% to $226 million, beating the consensus estimate of $215 million estimates.</p> <p>The beat was driven by earlier-than-expected material delivery, strong demand in nearly all verticals, partially offset by worsening supply constraints. Medical rose 8% on CT tube demand, with oncology, radiographic, dental, mammography seeing growth, while fluoroscopy flat on shipment timing. Industrial rose 4% as non-destructive testing was strong in battery, oil & gas. Security screening and baggage remained soft but are improving.
The company expects Q1/22 revenue to range from $200 million to $220 million, compared to the consensus estimate of $192 million. </p>
| NASDAQ:VREX | https://financialmodelingprep.com/market-news/fmp-varex-imaging-corporation-shares-up-12-on-q4-beat | Davit Kirakosyan | Financial Modeling Prep |
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Evoqua Water Technologies Shares Up 9% Following Q4 Results | 2021-11-17 15:20:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AQUA'>Evoqua Water Technologies Corp. (NYSE:AQUA) </a>shares closed 9% higher yesterday, following the company’s Q4 results that beat the consensus estimates and generally in-line 2022 guidance. </p>
<p>The company reiterated confidence in the secular growth opportunities afforded by the intensifying challenges related to water quality/availability. Notably, Q4 book-to-bill remained strong and ISS backlog was stable sequentially (+17% year-over-year, establishing firm momentum into FY22). </p>
<p>Alongside its print, the company also announced new sustainability goals. The team is targeting recycling/reusage of water to exceed withdrawals by 2035 and net-zero greenhouse gas emissions by 2050. </p>
| NYSE:AQUA | https://financialmodelingprep.com/market-news/fmp-evoqua-water-technologies-shares-up-9-following-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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Skybridge Capital Founder Predicts $500,000 Bitcoin | 2021-11-17 15:18:00 | <p>Anthony Scaramucci, the founder and managing partner of Skybridge Capital, advised investors to buy bitcoin at current prices, noting that it is still “very, very early”. He said that bitcoin could easily trade at around $500,000, highlighting the fact that there is not enough bitcoin for even every millionaire in the society to earn one.</p> | BTCUSD | https://financialmodelingprep.com/market-news/fmp-skybridge-capital-founder-predicts-$500000-bitcoin | Davit Kirakosyan | Financial Modeling Prep |
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Gamida Cell Shares Up 5% After-Hours Following Q3 Results | 2021-11-16 18:51:00 | <p><a href='https://financialmodelingprep.com/financial-summary/GMDA'>Gamida Cell Ltd. (NASDAQ:GMDA) </a>shares were trading more than 5% higher after-hours on Tuesday following the company’s Q3 results, and the conference call, where it discussed recent regulatory setbacks as well as new data presented over the weekend at SITC. The company’s IND for GDA-201 remains on hold, but the analysts at Oppenheimer expect a relatively quick resolution, and they believe the first patient could be dosed in early 2022. </p>
<p>Thursday, the company announced a new regulatory delay, pushing back guidance on the BLA filing for omidubicel into H1/22. Management cited an FDA request for a revised analysis of drug product comparability data for omidubicel manufactured in an in-house facility vs. manufacturing sites used in the Phase 3 study. Oppenheimer analysts updated their model to account for the delayed BLA filing. The analysts lowered their price target to $15 from $17, maintaining their outperform rating.</p> | NASDAQ:GMDA | https://financialmodelingprep.com/market-news/fmp-gamida-cell-shares-up-5-after-hours-following-q3-results- | Davit Kirakosyan | Financial Modeling Prep |
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Warner Music Group Corp Dropped 4% Following Q4 Results | 2021-11-16 18:49:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WMG'>Warner Music Group Corp. (NASDAQ:WMG) </a>reported Q4 results, with revenue growth of 22.2% (or 20.8% in constant currency) to $1.38 billion, beating the consensus estimate by 1.4%. The beat was due to artist services and expanded-rights and physical revenue offsetting a slight miss at streaming. However, the stock price closed 3.77% lower on Tuesday, in part due to streaming revenue growth coming in modestly below expectations and emerging platform revenue being flat sequentially.</p>
<p>Looking to 2022, management did not provide formal guidance though it noted that its expectations for total revenue and adj. EBITDA growth rates remain largely in line with its internal expectations at the time of the IPO. Analysts at RBC Capital increased their revenue estimate by 3.4% to $5.94 billion (+12.0% year-over-year) and their adj. EBITDA forecast by 3.8% to $1.24 billion (+14.5% year-over-year) largely on higher artist services/expanded rights assumptions.</p>
| NASDAQ:WMG | https://financialmodelingprep.com/market-news/fmp-warner-music-group-corp-dropped-4-following-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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Splunk Announces Surprising News of CEO Stepping Down | 2021-11-16 18:47:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SPLK'>Splunk Inc. (NASDAQ:SPLK) </a>announced surprising news of CEO Doug Merritt stepping down. Chairman Graham Smith will be the interim CEO, while the board is searching for a qualified replacement. </p>
<p>Following the news, analysts at Deutsche Bank lowered their price target on the company’s shares to $155 from $180, maintaining their hold rating. Sudden transitions are never comforting and raise many questions, but keeping matters simple, the analysts said they have to believe existing plans, targets, and strategies are somewhat in limbo—at least those committed externally—pending the arrival of a new CEO.</p>
<p>The next leg forward in the company’s stock, in Deutsche Bank’s view, would happen after anchoring investors to a new timeline and set of targets and milestones for the company's model transition. </p>
| NASDAQ:SPLK | https://financialmodelingprep.com/market-news/fmp-splunk-announces-surprising-news-of-ceo-stepping-down | Davit Kirakosyan | Financial Modeling Prep |
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Cue Biopharma Shares Down 4%, Presents Data Updates From its Lead Programs | 2021-11-16 18:45:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CUE'>Cue Biopharma, Inc. (NASDAQ:CUE) </a>shares closed more than 4% lower on Tuesday. Recently, the company presented data updates from its lead programs in the CUE-100 series, CUE-101 and CUE-102, at SITC. Analysts at Berenberg Bank believe the positive data provides strong support to CUE-101 and points to the potential of the entire platform. The analysts’ confidence in the outlook of CUE-101 for the treatment of HPV+ head/neck cancer is strong. </p> | NASDAQ:CUE | https://financialmodelingprep.com/market-news/fmp-cue-biopharma-shares-down-4-presents-data-updates-from-its-lead-programs | Davit Kirakosyan | Financial Modeling Prep |
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'Big Short' Investor Michael Burry Believes Cryptocurrencies are in a Bubble | 2021-11-16 18:42:00 | <p>'Big Short' Investor Michael Burry, founder of private investment firm Scion Asset Management, best known for foreseeing and profiting from the U.S. subprime mortgage crisis, said that cryptocurrencies are in the biggest bubble. However, Burry mentioned that he has never shorted cryptocurrencies.</p> | https://financialmodelingprep.com/market-news/fmp-big-short-investor-michael-burry-believes-cryptocurrencies-are-in-a-bubble | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From Palo Alto Networks Q1 Results? | 2021-11-15 20:48:00 | <p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/PANW'>Palo Alto Networks, Inc. (NASDAQ:PANW) </a>ahead of Q1 results, which will be reported on Thursday. Based on positive momentum and a bullish analyst day, the brokerage expects solid Q1 results with a slight upside to consensus estimates. </p>
<p>The analysts believe upside should be driven by next-gen cloud security, which they think can help offset a lack of more material upside from license/hardware due to supply chain constraints. That said, the analysts continue to see the recent cyber-attacks, increased urgency around security/security consolidation following COVID and increased US federal spending as tailwinds for the business. The brokerage increased its price target on the company’s shares to $590 from $560, while maintaining its Outperform rating. </p> | NASDAQ:PANW | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-palo-alto-networks-q1-results? | Davit Kirakosyan | Financial Modeling Prep |
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American Well Corporation Review Following Q3 Results | 2021-11-15 20:44:00 | <p>Analysts at Berenberg Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/AMWL'>American Well Corporation (NYSE:AMWL) </a>following the recent Q3 earnings report, with a top-line miss and step-down in the FY revenue outlook. </p>
<p>For investors with longer time horizons, the analysts see this as a buying opportunity. The central tenet of their thesis – the company becoming a key component of the healthcare IT spine market – seems to be moving forward. This is evidenced by ongoing increases in average annual contract values which signify a growing value proposition for the user base in the Subscription business. Moreover, this comes with a key growth driver, Converge, which is still in the early stages of a roll-out. </p>
| NYSE:AMWL | https://financialmodelingprep.com/market-news/fmp-american-well-corporation-review-following-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Catalent Review Following Q1 Results | 2021-11-15 20:41:00 | <p>Recently <a href='https://financialmodelingprep.com/financial-summary/CTLT'>Catalent, Inc. (NYSE:CTLT) </a>reported its Q1 results, with adjusted EPS coming in at $0.71, up 65.1% year over year. Quarterly revenue was $1.03, up 21.2% year over year, and beating the consensus estimate by 1.1%. </p> <p>Somewhat surprisingly, Biologics and CSS revenue both missed Street expectations, while softgel and oral was a modest beat. Even while “missing”, biologics segment revenue still grew 45% and segment EBITDA grew 56%. Biologics margin expansion and strong OSD results drove the beat, allowing the company to report an Adjusted EBITDA of $353 million (+44%) ahead of the consensus of $240 million.</p> | NYSE:CTLT | https://financialmodelingprep.com/market-news/fmp-catalent-review-following-q1-results- | Davit Kirakosyan | Financial Modeling Prep |
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Workday, Inc. Q3 Preview From Oppenheimer | 2021-11-15 20:37:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WDAY'>Workday, Inc. (NASDAQ:WDAY) </a>is going to release its Q3 earnings results on Nov 18. Analysts at Oppenheimer provided their outlook on the company ahead of the results, increasing their price target to $340 from $285 while maintaining their outperform rating. The analysts mentioned that their proprietary survey data underpins a strong demand environment for cloud HCM/back-office software into 2022. </p>
<p>Combined with installed-base spending intentions suggesting significant adoption of analytics, core HR, and employee experience, the analysts see the company as well-positioned to reaccelerate HCM growth and capture a large upsell opportunity against a growing renewal base in 2023.
The analysts continue to see multiple levers to sustainable 20%+ growth, validated by their survey, driving positive revisions and longer-term multiple expansion.</p>
| NASDAQ:WDAY | https://financialmodelingprep.com/market-news/fmp-workday-inc-q3-preview-from-oppenheimer- | Davit Kirakosyan | Financial Modeling Prep |
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Major Upgrade For Bitcoin. Taproot! | 2021-11-15 20:35:00 | <p>Bitcoin goes through a major upgrade, an enhancement called Taproot, which enables its blockchain to execute more complex transactions, greater transaction privacy and efficiency, and possibly enlarges the virtual currency's use cases, making it a little more competitive with Ethereum as it unlocks the potential for smart contracts. Taproot represents the most notable change to the bitcoin protocol since the Segregated Witness (SegWit) block capacity change, which took place in 2017.</p>
| BTCUSD | https://financialmodelingprep.com/market-news/fmp-major-upgrade-for-bitcoin-taproot! | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From Salesforce’s Q3 Results? | 2021-11-12 22:00:00 | <p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/CRM'>Salesforce (NYSE:CRM) </a>ahead of the company’s Q3 earnings results, which will be reported on Nov 30. The analysts believe the company has very likely achieved its goals and pipelines remain robust, though demand wasn’t quite as strong as Q2‘s overachievement. With the stock outperforming the IGV Software index +13% over the past 6 months and what feels like crowding on the long side, the analysts believe that Q3 will probably be less eventful as investors are watching the seasonal Q4 strength, organic margin improvement, and the possibility of management change as a catalyst.</p> | NYSE:CRM | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-salesforce’s-q3-results? | Davit Kirakosyan | Financial Modeling Prep |
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Wix.com Up 5% Following Q3 Results | 2021-11-12 21:56:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WIX'>Wix.com Ltd. (NASDAQ:WIX) </a>shares closed 5.71% higher on Friday, following the company’s reported Q3 results, with EPS coming in at ($0.21), better than the consensus estimate of ($0.43). Quarterly revenue grew 26% year-over-year to $320.8 million, compared to the consensus estimate of $314.8 million.</p>
<p>The key debate that has emerged is around whether investors should ascribe the same credit to B2B deals that drive subscriptions vs. the company's core business which is showing meaningful deceleration. Management is investing for growth, but the analysts at RBC Capital think that H1 new business formation comps in particular become tougher for the core where it is unclear if B2B can offset this headwind. </p>
| NASDAQ:WIX | https://financialmodelingprep.com/market-news/fmp-wixcom-up-5-following-q3-results- | Davit Kirakosyan | Financial Modeling Prep |
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VanEck Bitcoin ETF Rejected by U.S. Regulators | 2021-11-12 21:51:00 | <p>US regulators rejected VanEck’s attempt to list its bitcoin-backed ETF on Wall Street, mentioning the worries over “fraudulent and manipulative acts and practices” in the markets where bitcoin is traded and a need “to protect investors and the public interest”.</p> | BTCUSD | https://financialmodelingprep.com/market-news/fmp-vaneck-bitcoin-etf-rejected-by-us-regulators | Davit Kirakosyan | Financial Modeling Prep |
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Array Technologies Up 20% Despite Q3 Miss; Announced STI Norland Acquisition | 2021-11-12 21:50:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ARRY'>Array Technologies, Inc. (NASDAQ:ARRY) </a>shares closed 20.08% higher on Friday, despite the company’s reported Q3 miss. The EPS and revenues came in at ($0.07) and $192.1 million, below the consensus estimates of ($0.05) and $203.5 million, respectively. However, the company announced a significant acquisition in STI Norland. </p>
<p>Analysts at Oppenheimer view the acquisition as sound from an industrial logic perspective, diversifying the company's geographic footprint and supplementing its product offerings. The analysts also noted that the company continues to book significant volumes of business benefiting from its leading product portfolio and strong underlying demand. The analysts view the company's margin improvement plan as reasonable, but given the volatility in basic material availability and labor shortages across numerous segments of the economy, they are taking a conservative view of margin recovery modestly below management expectations.</p> | NASDAQ:ARRY | https://financialmodelingprep.com/market-news/fmp-array-technologies-up-20-despite-q3-miss;-announced-sti-norland-acquisition | Davit Kirakosyan | Financial Modeling Prep |
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Doma Holdings Shares Up 3 Days in a Row Following Q3 Results | 2021-11-12 21:43:00 | <p><a href='https://financialmodelingprep.com/financial-summary/DOMA'>Doma Holdings Inc. (NYSE:DOMA) </a>shares up 3 days in a row, closing $7.79 on Friday as a result of strong Q3 earnings report, with total revenues coming in at $163 million, up 34% year-over-year. The results emphasized the secular growth opportunity behind digitizing title & escrow. While US refinancing demand contracted 40% throughout the quarter, the company was able to grow closed order volume 35% year-over-year, with its high growth enterprise segment growing closed orders +386% year-over-year. Direct agent premiums drove business outperformance, as Q3 RP&F grew 31% year-over-year. </p>
<p>For the full 2022-year, the company expects revenue to range from $475 million to $525 million. The company remains on track to launch purchase transactions on the Doma Intelligence Platform by year-end, which could provide upside to 2022 numbers. </p>
| NYSE:DOMA | https://financialmodelingprep.com/market-news/fmp-doma-holdings-shares-up-3-days-in-a-row-following-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Opendoor Technologies Shares Closed 15% Higher Following Q3 Results | 2021-11-11 20:10:00 | <p><a href='https://financialmodelingprep.com/financial-summary/OPEN'>Opendoor Technologies Inc. (NASDAQ:OPEN) </a>shares closed 15.57% higher on Thursday, following the company’s Q3 results, with revenue coming in at $2.3 billion, up 91% from the previous quarter. The company provided its Q4 outlook, expecting revenue to range from $3.1 billion to $3.2 billion. The results were a significant relief for investors given the questions that have come up post-Zillow's exit from iBuying. </p>
<p>Analysts at Wedbush said they believe the company has come out of the quarter the unquestionable leader in the space, highlighting that it is a strong operator, with a better pricing model. While the company continues to operate as it did prior to Zillows' exit and is still focused on the 99% of the market not transacting digitally, the analysts see the clearer path as a long-term positive as well, with the launch of Opendoor Complete helping to bring the flywheel together.</p>
| NASDAQ:OPEN | https://financialmodelingprep.com/market-news/fmp-opendoor-technologies-shares-closed-15-higher-following-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Cryptocurrencies Intended to be Taxed Just Like Stocks in Austria | 2021-11-11 20:07:00 | <p>Authorities in Austria are considering to tax gains from cryptocurrencies similar to those from stocks. The government intends to apply the same 27.5% levy to cryptocurrencies, a rate it uses to tax capital gains from traditional assets, such as stocks and bonds. This move is expected to increase trust and access to cryptocurrencies and reduce prejudice against the new technologies.</p> | https://financialmodelingprep.com/market-news/fmp-cryptocurrencies-intended-to-be-taxed-just-like-stocks-in-austria | Davit Kirakosyan | Financial Modeling Prep |
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Equifax Inc Investor Day Takeaways | 2021-11-11 20:06:00 | <p>Analysts at RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/EFX'>Equifax Inc. (NYSE:EFX) following the Investor Day, where the company unveiled its long-term financial framework, which came in slightly below the analysts’ expectations. </p>
<p>The brokerage sees cloud transformation driving sustainable top-line growth moving forward in the 8-12% range (7-10% organic) in combination with around 39% EBITDA margins, around $1.9 billion in FCF, and EPS of $12.75 by 2025. While the $12.75 figure came in modestly below expectations of $15, the analysts believe the company has baked in conservatism. Bottom line, RBC Capital sees the cloud transformation and technological leadership driving further upside to conservative estimates. With greater visibility and confidence into the longer-term revenue and earnings growth outlook, which should help the stock re-rate higher, the brokerage increased its price target to $294 from $270, maintaining its sector perform rating.</p>
| NYSE:EFX | https://financialmodelingprep.com/market-news/fmp-equifax-inc-investor-day-takeaways | Davit Kirakosyan | Financial Modeling Prep |
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Vertex Reported Strong Q3 Results | 2021-11-11 20:03:00 | <p><a href='https://financialmodelingprep.com/financial-summary/VERX'>Vertex, Inc. (NASDAQ:VERX) </a>reported its Q3 results, with EPS coming in at $0.08, beating the consensus estimate of $0.05. Quarterly revenue was $110.72 million, beating the consensus estimate by 5.53%. The company provided its Q4 outlook, expecting revenue of $109 million at the midpoint, above the consensus estimate of $107.5 million.</p>
<p>At +40% year-over-year, cloud subscription growth remains strong. Analysts at Berenberg Bank believe better customer acquisition and retention metrics offsets concerns of a flattish sequential organic growth in Q4. Following the quarter, the analysts remain bullish on the company’s robust product offering, deep partner relationships, and ability to benefit from upcoming regulatory catalysts. </p>
| NASDAQ:VERX | https://financialmodelingprep.com/market-news/fmp-vertex-reported-strong-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Nike Outlook by BofA Securities | 2021-11-11 20:01:00 | <p>Adidas reported mixed Q3 results and provided an incrementally negative update on the supply chain and pointed to a larger supply chain hit to sales for the next two quarters. Production capacity in Vietnam continues to ramp, albeit at a slightly slower pace than expected. Analysts at BofA Securities provided their view on <a href='https://financialmodelingprep.com/financial-summary/NIKE'>NIKE, Inc. (NYSE:NKE) </a>following Adidas’ earnings report on two key debate topics, which are the global sportswear supply chain and the recovery in China.</p>
<p>The analysts mentioned that not much has changed since NIKE’s Q1 earnings call in September and they believe the current supply chain headwinds are appropriately reflected in management’s reduced 2022 guidance. </p>
<p>While trends have improved in September and October, the analysts believe the situation remains volatile and expect the company to continue to allocate resources to China to help aid the recovery, including adding more newness to the local Chinese assortment (similar to Adidas). China will remain a key strategic growth avenue for NIKE but the lack of visibility on how the demand picture is unfolding prevents the analysts from taking a more bullish stance. They reiterated their neutral rating on the company’s shares and increased their price target to $170 from $160.</p>
| NYSE:NKE | https://financialmodelingprep.com/market-news/fmp-nike-outlook-by-bofa-securities- | Davit Kirakosyan | Financial Modeling Prep |
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Coinbase Shares Down 8% Following Q3 Miss | 2021-11-10 20:15:00 | <p><a href='https://financialmodelingprep.com/financial-summary/COIN'>Coinbase Global, Inc. (NASDAQ:COIN) </a>shares closed 8.06% on Wednesday, following the company’s reported Q3 results, with EPS coming in at $1.62, missing the consensus estimate of $1.73. Quarterly revenue of $1.3 billion, which missed the consensus estimate by 15.7%, was primarily driven by higher-than-expected institutional trading volume and relatively higher trading on Coinbase Pro, which has lower fee rates. Analysts at Oppenheimer shared their positive outlook on the company’s shares, which is based on a strong business model that includes: </p>
<p>(1) deep liquidity pool and strong network effect,</p>
<p>(2) trust from customers given its focus on regulatory compliance,</p>
<p>(3) strong brand as a secure platform,</p>
<p>(4) platform for innovation, which produces a virtuous cycle for monetization.</p>
| NASDAQ:COIN | https://financialmodelingprep.com/market-news/fmp-coinbase-shares-down-8-following-q3-miss | Davit Kirakosyan | Financial Modeling Prep |
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Arlo Technologies Shares Up 10.41% Following Encouraging Q3 Results | 2021-11-10 20:13:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ARLO'>Arlo Technologies, Inc. (NYSE:ARLO) </a>shares closed 10.41% higher on Wednesday, following the company’s reported Q3 results, with EPS coming in at ($0.08), better than the consensus estimate ($0.14). Quarterly revenues of $111.15 million beat the consensus estimate by 5.03%.</p>
<p>Analysts at Deutsche Bank said they are encouraged by Q3 results and Q4 guidance as the company is seeing healthy Product demand and robust growth in its Services business. According to the brokerage, the company did a good job in the quarter navigating the supply-chain and logistical challenges to report upside to the high-end of Q3 guidance, while Q4 guidance indicates continued strong Product and Services demand. Post results, the brokerage has increased confidence in the continued growth of the company's Services business and believes the company has done a good job in adjusting its business model to support Services growth and executing during the pandemic. While the brokerage raised its price target from $9 to $10, it believes a meaningful multiple expansion from the Services transformation will still take some time. </p>
| NYSE:ARLO | https://financialmodelingprep.com/market-news/fmp-arlo-technologies-shares-up-1041-following-encouraging-q3-results- | Davit Kirakosyan | Financial Modeling Prep |
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Zeta Global Holdings Reported Strong Q3 Results | 2021-11-10 20:09:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ZETA'>Zeta Global Holdings Corp. (NYSE:ZETA) </a>reported its Q3 results, delivering a record quarterly revenue of $115.1 million, which represents a 21% year-over-year increase. The company also provided its Q4 outlook, expecting revenue in the range of $121-$124 million, representing a year-over-year increase of 6% to 9%. According to the analysts at Oppenheimer, the company delivered good sales execution and margin improvements in Q3, and the sales transformation looks on track, which are positives. However, the analysts mentioned that the revenue growth + margin profile is only 34% and this indicates the sales transformation is also a work in progress.</p> | NYSE:ZETA | https://financialmodelingprep.com/market-news/fmp-zeta-global-holdings-reported-strong-q3-results- | Davit Kirakosyan | Financial Modeling Prep |
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Chimera Investment Corporation Review Post Q3 Results | 2021-11-10 20:08:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CIM'>Chimera Investment Corporation (NYSE:CIM) </a>reported its Q3, with EPS coming in at $0.42, above the consensus estimate of $0.37. Favorable loan pricing drove meaningful book value accretion in the quarter. Management continues to believe seasoned RPLs represent an attractive investment opportunity. Strong housing market fundamentals remain supportive of favorable mortgage credit performance. </p>
<p>Analysts at RBC Capital raised their 2021 EPS estimate to $1.68 (from $1.62), following the Q3 EPS beat, and its 2022 EPS is being adjusted to $1.52 (from $1.48). The brokerage increased its price target on the company’s shares to $18 from $16.</p>
| NYSE:CIM | https://financialmodelingprep.com/market-news/fmp-chimera-investment-corporation-review-post-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Robinhood’s COO on Crypto Wallet & Shiba Inu Listing | 2021-11-10 20:05:00 | <p>Christine Brown, Robinhood Crypto’s COO and VP of Product Operations, provided an update on the company’s crypto wallet launch and Shiba Inu’s listing on the Robinhood platform, during the conference on Tuesday organized by Yahoo Finance and Decrypt.</p>
<p>According to Brown, the recently announced crypto wallet will allow its customers to move supported cryptocurrencies in/out of their brokerage accounts, noting that there are currently 1.6 million users on the waitlist to get this product. </p>
<p>Brown also commented on a petition on Change.org, asking to list Shiba Inu on Robinhood platform, which already exceeds 526,000 signers, noting that the first thing is that they are not going to talk about it, when it comes to their strategy of what they are going to list. She also added that their strategy is a bit different from that of many other players who are in the race to list as many assets as possible right now.</p>
| SHIBUSD | https://financialmodelingprep.com/market-news/fmp-robinhood’s-coo-on-crypto-wallet-&-shiba-inu-listing- | Davit Kirakosyan | Financial Modeling Prep |
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International Game Technology Shares Up 6% Following Q3 Results | 2021-11-09 21:44:00 | <p><a href='https://financialmodelingprep.com/financial-summary/IGT'>International Game Technology PLC (NYSE:IGT) </a>shares closed 6.36% higher on Tuesday, following the company’s Q3 results, with EPS coming in at $0.31, beating the consensus estimate of $0.21.</p>
<p>The company’s increased 2021 operating income guidance highlights a strong quarter where all three businesses are performing well. Analysts at Berenberg Bank see strength in the company’s global gaming segment with service revenues improving +10% sequentially and +30% year-over-year, offsetting sequential weakness in the global lottery segment. The analysts expect the share price to perform well given the improved outlook bolstered by strength in the global gaming segment.</p>
| NYSE:IGT | https://financialmodelingprep.com/market-news/fmp-international-game-technology-shares-up-6-following-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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The Trade Desk Reported Strong Q3 Beat | 2021-11-09 21:41:00 | <p><a href='https://financialmodelingprep.com/financial-summary/TTD'>The Trade Desk, Inc. (NASDAQ:TTD) </a>reported its Q3 earnings results, with EPS coming in at $0.18, beating the consensus estimate of $0.16. Quarterly revenue was $301.09 million, beating the consensus estimate by 6.17%. </p>
<p>Entering the quarter, the sentiment was negative as investors focused on e-commerce headwinds, IDFA and supply chain challenges, none of which had a meaningful impact on the quarter. While Q3 was driven by continued outperformance of core markets and strong international results, the commentary focused on the future, particularly growth in CTV, early returns on Solimar and the potential for shopper data, a $200 billion incremental TAM, following the recent Wal-Mart launch with "many" major retailers showing interest. As the environment normalizes, analysts at RBC Capital view the company as well-positioned to benefit in its core market while also creating actionable insights for its customers unlocking their first-party data.</p>
| NASDAQ:TTD | https://financialmodelingprep.com/market-news/fmp-the-trade-desk-reported-strong-q3-beat | Davit Kirakosyan | Financial Modeling Prep |
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Nevro Shares Down 3.5% Following Q3 Results | 2021-11-09 21:37:00 | <p><a href='https://financialmodelingprep.com/financial-summary/NVRO'>Nevro Corp. (NYSE:NVRO) </a>shares closed 3.50% lower on Tuesday, following the company’s reported Q3 results, with an EPS of ($0.87), almost in line with the consensus estimate. Quarterly revenues decreased 14.1% year-over-year to $93.2 million, better than the consensus estimate by 2.1%.</p>
<p>The company provided its Q4 outlook, expecting revenue of $94-98 million, below the consensus estimate of $112 million.</p>
<p>Analysts at Oppenheimer provided the following key points on the company:</p>
<p>(1) Soft outlook expected to continue into 1H22,</p>
<p>(2) Logistics of DTC in PDN is unclear, especially the role of endocrinologists in the process,</p>
<p>(3) How growth in PDN will hold up when the CBP market is slowing is unclear,</p>
<p>(4) Company commentary reflecting challenges in an otherwise-flattish market. Commentary on growth returning in 2H22 is bound to raise concerns.</p>
| NYSE:NVRO | https://financialmodelingprep.com/market-news/fmp-nevro-shares-down-35-following-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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SoFi Technologies Q3 Earnings Preview | 2021-11-09 21:33:00 | <p>Analysts at Oppenheimer provided their views on <a href='https://financialmodelingprep.com/financial-summary/SOFI'>SoFi Technologies, Inc. (NASDAQ:SOFI) </a>upcoming Q3 earnings results. The analysts see significant potential for upside earnings revisions to long-term growth rates. Within Q3, the upside could stem from Lending and Financial Services segments with mixed results from Tech Platform given onboarding timing. Given the stock's significant run near-term, the analysts expect volatility but would keep adding to positions during these periods.</p> | NASDAQ:SOFI | https://financialmodelingprep.com/market-news/fmp-sofi-technologies-q3-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
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What Apple’s Tim Cook Thinks About Crypto? | 2021-11-09 21:30:00 | <p>Tim Cook, Apple's CEO said that he owns crypto, and that holding cryptocurrencies as part of the diversified portfolio is reasonable. Cook also said that crypto is something Apple Is “Looking At”, but not something the company has immediate plans to do.</p> | BTCUSD | https://financialmodelingprep.com/market-news/fmp-what-apple’s-tim-cook-thinks-about-crypto?- | Davit Kirakosyan | Financial Modeling Prep |
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Material Upside is Expected From Affirm Holding’s Upcoming Q2 Results | 2021-11-08 21:23:00 | <p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/AFRM'>Affirm Holdings, Inc. (NASDAQ:AFRM) </a>upcoming (Nov 10) Q2 earnings results, expecting the company to deliver a quarterly revenue of $249 million (up 43% year-over-year). </p><p>However, given the strong core momentum and ramping SHOP partnership, the analysts see a scenario where the company could drive GPV growth as high as around 92% year-over-year (151% year-over-year excluding PTON) in the Q2, including an estimated ~12ppts of growth from SHOP. In addition, they see the potential for GMV to grow around 79% year-over-year (107% excluding PTON) in FY22. The brokerage also expects core strength from the expansion of existing accounts as well as from travel improving, including new wins ramping up, and new products such as the AFRM debit card. As a result, the analysts increased their price target on the company’s shares to $170 from $105, maintaining their hold rating.</p> | NASDAQ:AFRM) | https://financialmodelingprep.com/market-news/fmp-material-upside-is-expected-from-affirm-holding’s-upcoming-q2-results | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From DoubleVerify Holdings Q3 Earnings? | 2021-11-08 21:21:00 | <p><a href='https://financialmodelingprep.com/financial-summary/DV'>DoubleVerify Holdings, Inc. (NYSE:DV) </a> is going to report its Q3 earnings results on Nov 9. Analysts at RBC Capital provided their views on the company’s upcoming report. The analysts expect the company to deliver solid quarterly results in an improving macro-environment, as they believe the company remains well-positioned for post-pandemic macro-trends toward digital advertising and an increased focus on transparency and ROI, particularly with the loss of data sets like IDFA and pending Google cookie-loss. </p>
<p>The analysts think that upside is likely in Q3 with historical seasonality pointing toward revenue of $85 million, a 3.8% beat compared to Q2/21 outperformance of 4.5%.</p>
| NYSE:DV | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-doubleverify-holdings-q3-earnings? | Davit Kirakosyan | Financial Modeling Prep |
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Johnson Controls International Reported Q4 EPS Beat, Better-than-Expected 2022 Growth | 2021-11-08 21:18:00 | <p><a href='https://financialmodelingprep.com/financial-summary/JCI'>Johnson Controls International plc (NYSE:JCI) </a>reported its Q3 results, with EPS coming in at $0.88, beating the consensus estimates, but quarterly revenue of $6,395 million (up 7% year over year) was below the Street estimate of $6,419 million. </p>
<p>Analysts at Oppenheimer believe organic growth outperformance vs. peers can sustain on a multi-year basis, leveraging accelerating product launches and OpenBlue’s differentiated value proposition. </p>
<p>The analysts anticipate relative multiple expansion over coming quarters as the company’s improved positioning and growth prospects materialize in continued above-market growth.</p>
| NYSE:JCI | https://financialmodelingprep.com/market-news/fmp-johnson-controls-international-reported-q4-eps-beat-better-than-expected-2022-growth | Davit Kirakosyan | Financial Modeling Prep |
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IAC/InterActiveCorp Reported Strong Q3 Beat | 2021-11-08 21:16:00 | <p><a href='https://financialmodelingprep.com/financial-summary/IAC'>IAC/InterActiveCorp (NASDAQ:IAC) </a>reported its Q3 earnings, with EPS coming in at $0.33, beating the consensus estimate of ($0.42). The beat was on most business lines, with the majority of upside in Search, 16% ahead of the Street expectations. </p>
<p>Analysts at Oppenheimer believe, that a weak stock price reaction to the beat was due to ANGI’s near-term headwinds related to supply chain constraints. However, the analysts are optimistic that ANGI will acquire additional services companies. They also believe that the company will generate material synergies from the Meredith acquisition, even with FY22 as an "investment year". </p>
| NASDAQ:IAC | https://financialmodelingprep.com/market-news/fmp-iacinteractivecorp-reported-strong-q3-beat | Davit Kirakosyan | Financial Modeling Prep |
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JP Morgan Reaffirms its $146,000 Bitcoin Price Prediction | 2021-11-08 21:14:00 | <p>Nikolaos Panigirtzoglou, the analyst at JP Morgan, reaffirmed the company’s previous $146,000 Bitcoin long-term price prediction, mentioning that the re-emergence of inflation concerns among many renewed interest in the usage of bitcoin as an inflation hedge. Panigirtzoglou also anticipates the cryptocurrency’s competition with gold to continue, as more millennials who prefer cryptos, invest. However, the analyst noted that the price could reach those high levels in case bitcoin’s volatility subsides, so that investors feel comfortable adding Bitcoin to their portfolios.</p> | BTCUSD | https://financialmodelingprep.com/market-news/fmp-jp-morgan-reaffirms-its-$146000-bitcoin-price-prediction | Davit Kirakosyan | Financial Modeling Prep |
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Expedia Group Shares Up 15% on Strong Q3 Beat | 2021-11-05 13:49:00 | <p><a href='https://financialmodelingprep.com/financial-summary/EXPE'>Expedia Group, Inc. (NASDAQ:EXPE) </a>shares were trading more than 15% higher Friday afternoon, following the company's reported Q3 results, with EPS coming in at $3.53, beating the consensus estimate of $1.63.</p>
<p>Travel continued showing a broad-based recovery and with the company having the highest U.S. exposure vs. Booking and AirBnB, lodging bookings went from down 19% vs. 2019 in September to down 2% in October and likely exited the month higher than two years ago for the first time since the pandemic started. Additionally, management called out share gains continuing for Vrbo in the quarter with over half Vrbo's customers being new to the platform in 2021.</p>
<p>Finally, while performance marketing levels are still coming back given the delta variant drove a fairly uneven Q3 in terms of bookings, management spoke of leaning into those channels incrementally in Q4 and going forward which historically, tends to be the overtly positive signal for demand going forward.</p>
| NASDAQ:EXPE | https://financialmodelingprep.com/market-news/fmp-expedia-group-shares-up-15-on-strong-q3-beat | Davit Kirakosyan | Financial Modeling Prep |
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Universal Display Corporation Shares Down 4% Following Q3 Miss | 2021-11-05 13:43:00 | <p><a href='https://financialmodelingprep.com/financial-summary/OLED'>Universal Display Corporation (NASDAQ:OLED) </a>shares were trading around 4% lower Friday afternoon, following the company’s reported Q3 results, with EPS coming in at $0.9, missing the street estimate of $1.09.</p>
<p>The company reaffirmed its full-year guidance after reporting Q3 results. Given the current supply-chain constraints across the electronics industry that appear to have worsened in Q3 and could persist into 2022, analysts at Deutsche Bank are not surprised by the lack of upside to what previously looked like a conservative full-year guidance. Post results, the analysts are cautious on the near-term impact on the electronics industry from supply constraints and inflationary component costs, and have lowered their price target from $270 to $240 to account for increased uncertainty. </p>
| NASDAQ:OLED | https://financialmodelingprep.com/market-news/fmp-universal-display-corporation-shares-down-4-following-q3-miss | Davit Kirakosyan | Financial Modeling Prep |
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Cigna Corporation Reported Better Than Expected Q3 Results | 2021-11-05 13:41:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CI'>Cigna Corporation (NYSE:CI) </a>reported its Q3 results, with EPS coming in at $5.73, which beat the consensus estimate by 9.6%, driven by Evernorth ($1.55 billion), while US Medical ($0.99 billion) was slightly ahead due in part to stronger investment income and specialty contribution, which overcame MCR pressures concentrated in the exchange Special Enrollment Period (SEP) additions.</p>
<p>The company revised its 2021 outlook, now expecting adjusted revenues of $172 billion from $170 billion prior. EPS is expected to be $20.35, raised from prior guidance of $20.20.</p>
<p>Following the quarter, analysts at Oppenheimer raised their 2021/2022 EPS estimates to $20.36/$22.43 from $20.33/ $22.23. The analysts believe the company continues to successfully navigate the pandemic.</p>
| NYSE:CI | https://financialmodelingprep.com/market-news/fmp-cigna-corporation-reported-better-than-expected-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Uber Shares Up 4% Following Q3 Results | 2021-11-05 13:38:00 | <p><a href='https://financialmodelingprep.com/financial-summary/UBER'>Uber Technologies, Inc. (NYSE:UBER) </a>shares were trading around 4% higher Friday afternoon, following the company’s provided Q3 results, with EPS coming in at (0.23), compared to the consensus estimate of (0.37).</p>
<p>According to the analysts at Oppenheimer, Q3 results showed the benefits associated with the previous quarter’s aggressive push on driver incentives and the advantages of being a SuperApp.</p>
<p>Quarterly total revenues came in at $4,845 million, beating the consensus estimate of $4,418.8 million. While GB was mostly in line, Mobility/Delivery revenue surpassed Street by 10%/14%, as take-rates expanded 358bps/224bps quarter-over-quarter, respectively. </p>
<p>Now that Food Delivery is profitable, the analysts think investors will support non-food expansion, leveraging Mobility/Eats user base, driving greater efficiency than peers. </p>
| NYSE:UBER | https://financialmodelingprep.com/market-news/fmp-uber-shares-up-4-following-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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Bitcoin Futures Open Interest is Rising | 2021-11-05 13:34:00 | <p>Bitcoin futures open interest sees ongoing rise, following the launch of the first bitcoin ETF last month. According to coinglass.com, bitcoin futures open interest across all the crypto derivatives platforms is $24.32 billion, with Binance leading the chart with $5.81 billion, and CME Group holding the second-largest position with $4.1 billion of open interest. Note, that the top 10 derivatives platforms command more than 97% of Bitcoin futures open interest.</p> | BTCUSD | https://financialmodelingprep.com/market-news/fmp-bitcoin-futures-open-interest-is-rising | Davit Kirakosyan | Financial Modeling Prep |
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Qualys Up 9% Following Q3 Results | 2021-11-04 21:16:00 | <p><a href='https://financialmodelingprep.com/financial-summary/QLYS'>Qualys, Inc. (NASDAQ:QLYS) </a>shares closed more than 9% higher on Thursday following the company’s Q3 results, with EPS coming in at $0.86, beating the consensus estimate of $0.79.</p>
<p>Two consecutive quarters of strong current billings growth gives management the confidence to increase top-line guidance by more than the beat. Expectations were also increased for the bottom-line in 2021. Analysts at Berenberg are encouraged by the company’s expanding platform opportunity and believe plans to step up investments may drive future growth. However, they reiterate their Hold rating until they see further signs that management is executing on its strategy.</p>
| NASDAQ:QLYS | https://financialmodelingprep.com/market-news/fmp-qualys-up-9-following-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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NIO Q3 Preview by Deutsche Bank | 2021-11-04 21:14:00 | <p>Analysts at Deutsche Bank provided their preview on <a href='https://financialmodelingprep.com/financial-summary/NIO'>NIO Inc. (NYSE:NIO) </a>ahead of Q3 results, and raised their price target on the company’s shares to $70 from $60.</p>
<p>The company is expected to report its earnings on Nov 9 after market close and the analysts expect in-line results. Deliveries were already reported at 24,439 units. The analysts anticipate sales of 9.33 billion RMB and gross margin of 17.0%, leading to EPS of (0.82). For the Q4 outlook, the analysts expect management to guide volume around 24,000-25,000, hurt by the downtime in October, which constrained monthly deliveries to just 3,667. For revenue, they expect guidance to be in the 9.5-10.0 billion range.</p>
| NYSE:NIO | https://financialmodelingprep.com/market-news/fmp-nio-q3-preview-by-deutsche-bank | Davit Kirakosyan | Financial Modeling Prep |
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Roku Shares Dropped 7% Following Q3 Results; Guidance Disappoints | 2021-11-04 21:12:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ROKU'>Roku, Inc. (NASDAQ:ROKU) </a>shares closed more than 7% lower on Thursday, despite the company’s reported Q3 beat, with EPS coming in at $0.48 per share, beating the consensus estimate of $0.06.</p>
<p>While quarterly platform revenue increased 51% year-over-year, 4% ahead of the consensus estimates, active accounts missed for the 3rd consecutive quarter on supply chain headwinds and the continued impact of FY20 pull-forward. The company expects Q4 revenue 6% below Street on TV shortages and concern of reduced ad demand. However, the analysts at Oppenheimer believe that revenue guidance is conservative, with checks suggesting an increased budget shift from Linear to CTV.</p>
| NASDAQ:ROKU | https://financialmodelingprep.com/market-news/fmp-roku-shares-dropped-7-following-q3-results;-guidance-disappoints- | Davit Kirakosyan | Financial Modeling Prep |
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EPAM Systems Shares Up 5% Following Q3 Beat | 2021-11-04 21:09:00 | <p><a href='https://financialmodelingprep.com/financial-summary/EPAM'>EPAM Systems, Inc. (NYSE:EPAM) </a>shares closed more than 5% higher on Thursday, following the company’s reported Q3 results, with revenues increasing 51.6% year-over-year to $988.5 million. Quarterly EPS came in at $2.42, beating the Street estimate of $2.22.</p>
<p>The company provided its Q4 outlook, expecting revenues in the range of $1.075 billion to $1.085 billion, reflecting a year-over-year growth rate of approximately 49%.</p>
<p>Analysts at Wedbush raised their price target on the company’s shares from $650 to $800, as they believe a combination of pipeline strength, as well as increased funding for digital work, will likely result in upside to the consensus’ 2022 estimates.</p>
| NYSE:EPAM | https://financialmodelingprep.com/market-news/fmp-epam-systems-shares-up-5-following-q3-beat | Davit Kirakosyan | Financial Modeling Prep |
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US Senator Ted Cruz Proposes Cryptocurrency Adoption for Congress | 2021-11-04 21:07:00 | <p>Ted Cruz, junior United States Senator for Texas, introduced a resolution called titled “Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution,” which would position Congress to lead on the issue of cryptocurrencies to be accepted at congressional cafeterias, vending machines, and gift shops. </p> | BTCUSD | https://financialmodelingprep.com/market-news/fmp-us-senator-ted-cruz-proposes-cryptocurrency-adoption-for-congress- | Davit Kirakosyan | Financial Modeling Prep |
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8x8, Inc. Reported Q2 Beat | 2021-11-03 21:19:00 | <p><a href='https://financialmodelingprep.com/financial-summary/EGHT'>8x8, Inc. (NYSE:EGHT) </a>reported its Q2 results, with total revenue growing 17% year-over-year to $151.6 million, beating the consensus estimate by 1.39%. ARR was $553 million, up 18% year-over-year. Enterprise ARR was $282 million, up 33% year-over-year. Enterprise customers with over $100,000 ARR increased 30% year-over-year to 871 driven by the unique XCaaS offerings and channel growth.</p>
<p>The company raised its Q3 outlook, expecting a revenue in the range of $152.7 million to $154.2 million, which represents a 12-13% year-over-year growth. The company anticipates Gross Margins to be flattish sequentially, reaching 70% over the long-term. The remainder of 2022 should see positive operating margins, and the company should exit the year at a 2% margin. </p>
| NYSE:EGHT | https://financialmodelingprep.com/market-news/fmp-8x8-inc-reported-q2-beat | Davit Kirakosyan | Financial Modeling Prep |
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The Western Union Company Reported Q3 EPS Beat | 2021-11-03 21:16:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WU'>The Western Union Company (NYSE:WU) </a>reported its Q3 results. Although the quarterly revenue growth was below expectations, EPS of $0.63 was ahead of the consensus estimate of $0.58 on stronger-than-expected margins and a lower tax rate due to a one-time benefit in Business Solutions. Softness on the top line was attributable to the C2C business falling below expectations, due to weakness in the retail money transfer business from lingering Covid-19 impacts offset by continued strength in digital albeit at a slower rate of growth due to difficult comps.</p>
<p>The company lowered its full 2021-year revenue growth guidance from mid-single digits to around 3-4%, but slightly increased its EPS to $2.05-$2.10. </p>
| NYSE:WU | https://financialmodelingprep.com/market-news/fmp-the-western-union-company-reported-q3-eps-beat- | Davit Kirakosyan | Financial Modeling Prep |
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Zillow Down 25%; iBuying is Dead! | 2021-11-03 21:14:00 | <p><a href='https://financialmodelingprep.com/financial-summary/Z'>Zillow Group, Inc. (NASDAQ:Z) </a>closed almost 25% lower on Wednesday following the company’s unexpected announcement of closing down the iBuying business in a painful near-term strategy change. </p>
<p>Analysts at RBC Capital provided their views on this announcement, lowering their price target on the company’s shares to $100 from $145. </p>
<p>According to the analysts, the overhang from this is threefold:</p>
<p>(1) Eliminating iBuying removes the clear down-funnel thesis thought to be critical to capturing seller listings,</p>
<p>(2) Management's explanation of alternatives around new products, potential partnerships and any other drivers of capturing seller signal is either not the clear path that iBuying represented and/or are going to take time to develop,</p>
<p>(3) Selling down inventory could persist into next year exposing the company to further balance sheet risk.</p>
| NASDAQ:Z | https://financialmodelingprep.com/market-news/fmp-zillow-down-25;-ibuying-is-dead! | Davit Kirakosyan | Financial Modeling Prep |
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ICF International Shares Up 4% Following Q3 Results | 2021-11-03 21:06:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ICFI'>ICF International, Inc. (NASDAQ:ICFI) </a>shares closed more than 4% higher today following Q3 results, with EPS coming in at $1.32, beating the consensus estimate of $1.11 per share. Quarterly revenue grew 9% year-over-year to $394 million, above the consensus estimate of $388 million.</p>
<p>The company increased its EPS guidance for the full 2021-year to $4.70-4.90, which is above the Street estimate of $4.61. Management noted 60% of its service revenues are in areas where growth is expected to be at least 10% per year going forward.</p>
<p>The company maintained its 2021 revenue guidance of $1.525-1.575 billion, compared to the consensus estimate of $1.571 billion.</p>
| NASDAQ:ICFI | https://financialmodelingprep.com/market-news/fmp-icf-international-shares-up-4-following-q3-results- | Davit Kirakosyan | Financial Modeling Prep |
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Coinbase Customers Can Borrow $1 Million Using Bitcoin as Collateral | 2021-11-03 21:03:00 | <p><a href='https://financialmodelingprep.com/financial-summary/COIN'>Coinbase Global, Inc. (NASDAQ:COIN) </a>made an announcement according to which its customers can borrow up to $1 million using Bitcoin as Collateral. The customers can borrow up to 40% of the value of the bitcoin in their account and pay just 8% APR with no credit check. The Bitcoin used as collateral will not be used for any purpose by Coinbase. It will just “remains safely”. The company also added that there will be no prepayment or late fees.</p> | NASDAQ:COIN | https://financialmodelingprep.com/market-news/fmp-coinbase-customers-can-borrow-$1-million-using-bitcoin-as-collateral | Davit Kirakosyan | Financial Modeling Prep |
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Ethereum to Reach $8,000 According to Goldman Sachs | 2021-11-01 23:08:00 | <p>According to the recent research note by Goldman Sachs, Ethereum, which is currently trading at around $4,309, could hit $8,000 in the next two months. The analysts mentioned that cryptos, including Ethereum, have traded in line with inflation breakevens since 2019, and Ethereum price could almost double by the end of the year, in case these historical correlations with inflation persist.</p> | ETHUSD | https://financialmodelingprep.com/market-news/fmp-ethereum-to-reach-$8000-according-to-goldman-sachs | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From Incyte Corporation Q3 Results? | 2021-11-01 22:54:00 | <p>Analysts at Oppenheimer provided their comments on <a href='https://financialmodelingprep.com/financial-summary/INCY'>Incyte Corporation (NASDAQ:INCY) </a>ahead of the company’s Q3 results, highlighting several key topics, including the Jakafi script analysis and recent company updates.
The brokerage’s analysis of Symphony script data showed Jakafi volume in Q3 had around 10% TRx growth over Q2 and it estimates Jakafi Q3 sales at $567 million. </p>
<p>According to the analysts, the company achieved key milestones in Q2, including the dual approvals of topical rux (Opzelura) in AD and Jakafi in cGVHD, although the debut of Opzelura was complicated by the black box warning. More recently, the company presented full results from the Ph3 TRuE-V program of Opzelura in vitiligo at EADV21 with US/ EU filings on the horizon. </p>
<p>The analysts believe the company’s diverse pipeline should drive accelerating revenue growth, which they believe is currently undervalued.</p>
| NASDAQ:INCY | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-incyte-corporation-q3-results? | Davit Kirakosyan | Financial Modeling Prep |