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HomeBusiness

Business

CWEB Business News BioAffinity Technologies Faces Financial Hurdles Despite Strong Revenue Growth for CyPath Lung

bioAffinity Technologies (NASDAQ: BIAF), a leader in innovative diagnostic solutions, has reported a 62% year-over-year revenue increase for its flagship product, CyPath Lung, in...
Business

CWEB Business News BMO Capital Sets $375 Price Target for Constellation Energy (CEG), Highlighting Strong Growth Potential

James Thalacker, an analyst at BMO Capital, has reaffirmed confidence in Constellation Energy (NASDAQ: CEG) with a price target of $375, signaling a potential...
Business

Intel and Apollo Partnership, Deutsche Bank Comments

Business
Deutsche Bank analysts maintained their Hold rating and a $38 price target on Intel (NASDAQ:INTC), commenting on recent reports from the Wall Street Journal...

American Homes 4 Rent’s Price Target Raised Following Q1 Report

Business
Keefe, Bruyette & Woods analysts increased their price target for American Homes 4 Rent (NYSE:AMH) to $39 from $38 and maintained their Market Perform...

Squarespace to Be Acquired By Permira For $6.9 Billion

Business
Squarespace (NYSE:SQSP) shares surged more than 13% intra-day today after the company announced that it is set to be acquired by the private equity...

Arm Stock Gains 6 percent on AI Chips Launch Plan

Business
Arm Holdings (NASDAQ:ARM), a subsidiary of SoftBank Group, saw its shares rise by more than 6% intra-ay today after announcing that it is planning...

Key Information to Consider Prior to Walmart’s Earnings Report. CWEB Analyst upgrades the stock.

Business
  Walmart Inc. (WMT) is expected to announce a revenue increase and sustained expansion of its e-commerce sales for the holiday quarter when it reports...

CWEB analysts believe Alphabet stock remains as buy, hold, recent event, launch reaffirm strength

Business
CWEB analysts previously reported that Alphabet (GOOGL) stock would increase in value up to $200. Our analysts believe that Google and other divisions of...

CCL Industries Inc., A Leader in Specialty Label and Packaging Solutions

Business
Strong shareholder support at the 2024 Annual and Special Meeting, reflecting confidence in the company's leadership and strategic direction. Upgrades by RBC Capital and BMO...

Key Insights from Citigroup’s Outlook on Mettler-Toledo International Inc. (NYSE:MTD)

Business
Citigroup downgraded NYSE:MTD to sell from hold but raised its price target to $1,200 from $975. Mettler-Toledo reported a slight dip in revenue to $925.95...

UBS Revises American Water Works Company, Inc.’s Outlook to Neutral

Business
UBS upgrades its price target for American Water Works Company, Inc. (NYSE:AWK) from $124 to $139 and shifts its recommendation to Neutral. American Water's dividend...

Luna Innovations Incorporated (NASDAQ:LUNA) Quarterly Earnings Insight

Business
Luna Innovations is set to release its quarterly earnings report on May 14, 2024, with an EPS forecast of $0.02 and anticipated revenue of...

Home Depot’s Upcoming Earnings: A Critical Insight into Retail and Economic Trends

Business
Wall Street's Expectations: Earnings per share (EPS) of $3.61 and revenues of approximately $36.67 billion. Economic Indicators: The earnings report coincides with significant economic reports,...

Perrigo Company plc (NYSE:PRGO) Quarterly Earnings Insight

Business
Analysts anticipate an EPS of $0.24 and revenue of $1.09 billion for its upcoming quarterly earnings, drawing investor focus on its financial performance. Peerigo's first-quarter...

22nd Century Group, Inc. Earnings Report Preview: What to Expect

Business
22nd Century Group, Inc. is set to announce its quarterly earnings with an anticipated EPS of -5.28 and revenue forecasts of $7.86 million. The company's...

Walmart, Disney team up to target web fans with targeted ads on streaming platforms

Business
Walmart (WMT), the nation’s largest retailer, and Disney, one of the largest entertainment networks in the world, have teamed up to target web fans...

CWEB explains how eBay has been using AI to give web fans best deals

Business
eBay used artificial intelligence long before it became a buzzword across industries. The popular marketplace used predictive AI to inform its web fans about...

CRH plc (NYSE:CRH) Surpasses Q1 2024 Expectations with Strong Financial Performance

Business
CRH plc (NYSE:CRH) reported a significant earnings beat with an EPS of $0.1797 against the expected -$0.06. The CHR plc share price responded positively to...

ANI Pharmaceuticals, Inc. (NASDAQ:ANIP) Earnings Report Highlights

Business
ANI Pharmaceuticals disclosed its earnings per share (EPS) of $0.937, slightly below the anticipated $0.98. ANI Pharmaceuticals achieved record quarterly net revenue of $137.4 million,...

AirSculpt Technologies, Inc. (NASDAQ:AIRS) Q1 2024 Earnings Overview

Business
AirSculpt Technologies, Inc. (NASDAQ:AIRS) reported an EPS of $0.1032, surpassing the estimated EPS of $0.08. AirSculpt Technologies demonstrated a 4% year-over-year revenue increase to $47.62...

AIRC Earnings Report Preview: Key Financials and Workplace Culture Impact

Business
AIRC is expected to report an EPS of $0.58 and revenue of $197.84 million for the quarter. AIRC's strong workplace culture, recognized by The Denver...

AMC Networks Inc. (NASDAQ:AMCX) Faces Challenges in Q1 2024

Business
AMC Networks Inc. (NASDAQ:AMCX) reported earnings per share (EPS) of $1.16, missing the anticipated $1.79, and revenue of approximately $596.46 million, slightly below the...

Mitek Systems, Inc. (NASDAQ: MITK) Earnings Report Highlights

Business
Mitek System missed EPS estimates with a reported EPS of -$0.02315 compared to the estimated $0.27. Award-winning identity verification solutions underscore Mitek's significant role in...

Apple apologizes for ‘Crush’ ad showing destructive iPad Pro ad that offended fans

Business
Apple (AAPL) has apologized on Thursday for its short video ad that offended fans. The Cupertino giant’s ad for promoting its iPad Pro raised...

CWEB informs web fans how to watch, what to expect at Google’s I/O 2024

Business
  CWEB is telling its web fans to note the date and time of one of the most important tech events in the nation. Yes,...

Petrobras (PBR:NYSE) Quarterly Earnings Preview

Business
Petrobras (PBR:NYSE) will announce quarterly earnings, with analysts predicting EPS of $0.84 and revenue of $24.35 billion, crucial for insights into its financial and...

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) Surpasses Q1 Financial Expectations

Business
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) reported Q1 EPS of -$0.17, surpassing analysts' expectations and indicating improved profitability amid industry challenges. Q1 revenue of...

ZEEKR Intelligent Technology Holding Limited’s IPO Marks a Milestone in the EV Sector

Business
ZEEKR Intelligent Technology Holding Limited, trading under the symbol ZK on the NYSE, recently made headlines with its initial public offering (IPO), setting a...

MKS Instruments (NASDAQ:MKSI) Upgraded to Buy by Benchmark

Business
On Friday, May 10, 2024, Benchmark upgraded its rating on MKS Instruments (NASDAQ:MKSI) to Buy, maintaining a hold position. At the time of the...

Precision BioSciences’ Quarterly Earnings Preview

Business
On Monday, May 13, 2024, Precision BioSciences, Inc. (NASDAQ:DTIL), a leader in the gene editing industry, is set to unveil its quarterly earnings before...

Progyny Hit With a Downgrade After Guidance Cut, Shares Drop 25 percent

Business
KeyBanc analysts downgraded Progyny (NASDAQ:PGNY) to Sector Weight from Overweight after the company slashed its guidance for full-year revenue, which resulted in a stock...

Phunware, Inc. (NASDAQ:PHUN) Reports Q1 2024 Earnings

Business
On Thursday, May 9, 2024, PHUN reported its earnings after the market closed, revealing an earnings per share (EPS) of -$0.00033, which was significantly...

Vacasa’s Price Target Cut at Needham After Q1 Report

Business
Needham analysts adjusted their price target on Vacasa (NASDAQ:VCSA) to $8 from $10, while maintaining a Buy rating on the stock. This decision follows...

Onto Innovation Inc. (ONTO) Receives Buy Upgrade from Benchmark

Business
On Friday, May 10, 2024, Benchmark upgraded Onto Innovation Inc. (NYSE:ONTO) to a Buy status, previously maintaining a hold position, reflecting a positive shift...

Squarespace Shares Gain 3 percent Following Mizuho’s Upgrade

Business
Squarespace (NYSE:SQSP) shares rose more than 3% pre-market today after Mizuho analysts upgraded the company to Buy from Neutral, significantly raising the price target...

Xeris Pharmaceuticals (XERS) Receives New Price Target from Piper Sandler

Business
On Friday, May 10, 2024, David Amsellem of Piper Sandler set a new price target for Xeris Pharmaceuticals (NASDAQ:XERS) at $3, as reported by...

Victoria’s Secret Stock Gains 12 percent Following Strong Q1 Preannouncement

Business
Victoria's Secret (NYSE:VSCO) saw its shares rise more than 12% in pre-market today following the release of its preliminary Q1 results, which exceeded expectations. The...

Roblox Plunges 22 percent on Disappointing Guidance, Overshadowing Q1 Beat

Business
Roblox (NYSE:RBLX) reported first-quarter results that exceeded analyst expectations for both earnings and revenue, but disappointing bookings guidance for the second quarter led to...

Novavax Stock Jumps 128 percent on Sanofi Deal

Business
Novavax (NASDAQ:NVAX) shares surged by 128% intra-day today fueled by a significant multi-billion dollar deal with French pharmaceutical giant Sanofi SA, despite reporting weaker-than-expected...

Cepton, Inc. (NASDAQ:CPTN) Quarterly Earnings Report Anticipation

Business
Cepton, Inc. (NASDAQ:CPTN) is gearing up to share its quarterly earnings report on Monday, May 13, 2024, after the market closes, drawing significant attention...

TREX Earnings Report Highlights Strong Performance

Business
TREX's Strong Financial Performance: EPS of $0.819 and revenue of $373.64 million exceeded estimates, showcasing significant growth and positive outcomes. Consistent Earnings Surprises: TREX consistently...

Novavax’s Landmark Deal with Sanofi: A Game-Changer for Its Stock

Business
Price Target Increase: Vernon Bernardino of H.C. Wainwright sets a bullish price target of $19 for Novavax (NASDAQ:NVAX), nearly doubling its current trading price. Strategic...

Agilon Health (NYSE:AGL) is under legal scrutiny for Potential Financial Misrepresentations

Business
The Schall Law Firm announces a call to action for shareholders of Agilon Health, Inc. (NYSE:AGL) due to alleged securities fraud. Concerns revolve around false...

Roblox shares fall over 20 percent, CWEB analysts analyze gaming industry trends

Business
Roblox (RBLX) shares fell by over 20 percent in early trading Thursday after the gaming giant decreased its annual bookings forecast on the same...

Airbnb’s New Price Target and Rating Downgrade by HSBC

Business
On Thursday, May 9, 2024, Raymond Liu of HSBC set a new price target for Airbnb (NASDAQ:ABNB) at $156, slightly above its trading price...

Clene Inc. (CLNN:NASDAQ) Earnings Preview: A Critical Moment Ahead

Business
On Friday, May 10, 2024, Clene Inc. (CLNN:NASDAQ), a late clinical-stage biopharmaceutical company, is set to unveil its quarterly earnings before the market opens....

Roblox Corporation (RBLX) Earnings Report: A Mixed Bag of Results

Business
On Thursday, May 9, 2024, Roblox Corporation (RBLX) unveiled its earnings before the market opened, presenting a mixed bag of results that caught the...

Emcore (NASDAQ:EMKR) Downgraded by Craig-Hallum

Business
On May 9, 2024, Craig-Hallum downgraded its rating on EMKR (Emcore) to "Hold" from the previous "Buy" grade, reflecting a shift in their perspective...

Shopify Inc. (SHOP:NYSE) Sees Significant Price Target Increase by CIBC Analyst

Business
On Thursday, May 9, 2024, Todd Coupland of CIBC set a significant price target for Shopify Inc. (SHOP:NYSE), suggesting that the stock could see...

Mullen Automotive, Inc. (NASDAQ: MULN) Granted FTZ Status

Business
Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle (EV) manufacturer, has recently been granted Foreign Trade Zone (FTZ) status for its manufacturing and...
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