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Home Blog Page 8610

eHealth Shares Up 30 percent Since Q4 Earnings Announcement


eHealth (NASDAQ:EHTH) share gained more than 30% since the company’s reported Q4 results last week, with revenue of $196.3 million beating the Street estimate of $179.01 million. EPS came in at $0.41, compared to the Street estimate of $0.56.
According to the analysts at RBC Capital, the company posted a strong finish to 2022, having demonstrated solid execution on quality enhancement initiatives launched in the second half of 2021, which principally involved the overhaul of sales and marketing practices, as well as attention to improvement in lead quality.


The analysts expect momentum to continue given member retention initiatives and diversification efforts. The analysts maintained their Sector Perform rating, but cut their price target to $13 from $16.

Why is Groupon stock a better investment than Etsy?

Celebrity Tyler Perry and Byron Allen Show Interest in Paramount Global BET Majority Stake Sale

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Byron Allen Facebook- Tyler Perry Shutterstock Featureflash Photo Agency

Celebrity Tyler Perry is allegedly interested in buying a majority stake in BET Media Group, according to a popular news outlet. The producer already has a stake in the media group. Some of his shows and series are featured on Black Entertainment Television (BET.) Byron Allen has also shown interest in the acquisition. The same outlet had earlier reported that Paramount Global is interested in divesting a major stake in BET.

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Robert Johnson founded the Black Entertainment Network (BET), in 1980. He was backed by John Malone, a well-known cable mogul. It became the first national programming service whose primary audience was black viewers as it catered to content that was appealing to them.

In 2000, Viacom, which is now known as Paramount Global (PARA), acquired the iconic media group. BET was sold for $2.3 billion in stock and $570 million in debt was also assumed as a part of the sale.



The Wall Street Journal was the first to report that Paramount Global was considering an offload of its major stake in the BET linear network to concentrate on its streaming service Paramount Plus. It also reported that the global giant would divest a majority but not its entire stake in BET. Paramount Global is expected to retain a minority stake and would also maintain commercial agreements for content from BET across its other platforms.

The outlet also reported producer Tyler Perry’s interest in increasing his stake to make it a majority asset, according to sources. Perry supplies a large amount of content to both BET and BET Plus. He is said to have a strong relationship with both BET CEO Scott Mills and Paramount Global CEO Bob Bakish.

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A spokesman for the Allen Media Group released a statement saying that Byron Allen was interested in buying BET and that he would pursue “the acquisition of the network.”

The BET Media Group is an iconic network that could also attract other high net worth individuals from the Black community, especially since Paramount Global has not confirmed a sale. The industry is aware that Paramount Global is looking for a divestment of some assets after the sale of Simon & Schuster to Penguin Random House was disrupted due to regulatory concerns.

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Addison Rae stuns modeling new bikini trend, as Forbes reveals her astounding income

 

Syracuse, Wake Forest renew acquaintances at ACC tourney


Syracuse and Wake Forest are set for a rapid rematch Wednesday when they meet for the second time in five days, this game coming in the second round of the ACC tournament in Greensboro, N.C.

The eighth-seeded Orange (17-14, 10-10 ACC) need to win the ACC tournament — something they have never done before — in order to reach the NCAA Tournament. The ninth-seeded Demon Deacons (18-13, 10-10) likely are in a similar boat as they seek their first ACC tourney crown since 1995.

The teams certainly are familiar with each other, having faced off Saturday in a 72-63 home triumph for Syracuse. Jesse Edwards stole the show with 27 points, 20 rebounds and five steals in a spectacular Senior Night performance.

“It’s all about keeping momentum, make sure the team stays focused on the next game,” Edwards said. “I know we’re all excited. … (Just) trying to go out there (Wednesday) and play our game the way we played (Saturday).”

Wake Forest obviously will try to come up with a new plan for guarding Edwards, but Syracuse will be equally focused on ACC first-team guard Tyree Appleby (18.8 points, 6.3 assists). He had 21 points and eight assists on Saturday as the Demon Deacons lost for the fourth time in five games.

“I thought we did a poor job of getting 50-50 balls,” Wake Forest coach Steve Forbes said. “There’s a lot of those we just don’t get in that game like this. It just really hurts you. And so we’ll go back and take the day off — which we need — and we’ll get ready to play Wednesday in the ACC tournament.”

Syracuse, which is 11-2 all-time against Wake Forest, had lost four games in a row prior to Saturday’s victory. Each of those defeats came by at least 17 points.

“Obviously beating a team back-to-back is difficult, especially a team like Wake Forest,” Orange guard Judah Mintz said. “But we’ve seen what they like to do, and obviously they’re gonna try to make adjustments. We’ll do the same.”

–Field Level Media

Report: Harvard forward Chris Ledlum to transfer


Harvard forward Chris Ledlum plans to transfer, ESPN reported Tuesday.

Ledlum averaged 18.8 points and 8.5 rebounds per game in 2022-23. The 6-foot-6 senior averaged 16.7 points and 9.3 boards per game in 13 games last season.

“High-majors have had his name circled all season,” ESPN reported.

Ledlum had 11 games with 20 or more points in 2022-23, including a 35-point, 13-rebound effort in a 73-56 win over Cornell on Feb. 18.

The Brooklyn, N.Y., native was a four-star recruit and chose Harvard over Vanderbilt and Notre Dame out of St Peters Boys School in Staten Island, N.Y.

–Field Level Media

No. 9 Gonzaga, No. 16 Saint Mary’s clash for WCC title, bragging rights


Gonzaga and Saint Mary’s are assured of single-digit seeds in the upcoming NCAA Tournament, but that won’t diminish the importance or the intensity on Tuesday night when the fierce rivals meet in the West Coast Conference tournament championship game in Las Vegas.

The No. 9-ranked Bulldogs and No. 16 Gaels split two regular-season meetings, so the title game will convey as bragging rights as well as one last chance to add a solid win to the resume.

“We kind of have a respected hatred for each other,” Gonzaga star Drew Timme said. “We don’t like each other, but at the same time we respect each other.”

Top-seeded Saint Mary’s (26-6) reached the final for the sixth time in eight seasons with a 76-69 victory over fifth-seeded BYU. Second-seeded Gonzaga (27-5) is in the title contest for the 26th straight season after posting an 84-73 win over sixth-seeded San Francisco.

The Bulldogs now have reached the championship game in all 24 of Mark Few’s seasons and are 18-5 in those contest entering the Tuesday matchup. Saint Mary’s has won three WCC tournament titles under coach Randy Bennett, the most recent coming in a 60-47 victory over Gonzaga in 2019.

“It’s going to be a battle,” Bulldogs forward Ben Gregg said after scoring 12 points against the Dons. “We know it will be a hard-fought game. We will have to put our hard hats on.”

Saint Mary’s led by as many as 26 points in its semifinal contest before holding off BYU in the final minute. Alex Ducas led the way with 23 points and seven rebounds.

The Gaels never trailed, but BYU put together a dazzling 39-16 dash to cut the deficit to three. Kyle Bowen’s layup with 27.7 seconds left helped Saint Mary’s hold on.

“We played well for probably the first 25 minutes and then lost focus a little bit,” Bennett said. “They got some momentum, and that gave them some hope, and it was a two-possession game. We need to get better at closing out things and handling things a little more mature as far as when it gets testy.”

The contest was the Gaels’ first of the tournament, and Ducas could feel a little rust.

“(BYU) had two games before us and this was our first one, so it felt good to grind one out and put us in the right spot for the next game,” Ducas said. “It shows a lot of experience from the guys. Not the way we wanted to win, but we’ll take it.”

Aidan Mahaney added 18 points for the Gaels, and it’s safe to say the freshman standout will be circled brightly on Gonzaga’s scouting report.

When Saint Mary’s registered a 78-70 home overtime win against the Zags on Feb. 4, Mahaney scored 16 of his 18 points after halftime. He scored eight points — on four drives for layups — in a 97-second span late in regulation.

The Bulldogs won the rematch 77-68 on Feb. 25 on their home floor. Timme scored 19 points and Anton Watson had 17 points, eight rebounds and four steals.

Watson was a force on Monday, producing 20 points and seven rebounds against San Francisco. The Bulldogs never trailed and led by as many as 15 in the first half before the Dons moved within two in the second half. Gonzaga then re-established control.

Timme needs five points to surpass Frank Burgess (2,196 from 1958-61) as Gonzaga’s all-time leading scorer. Burgess played three seasons while Timme is in his fourth season.

“That’s been standing for a long time,” Timme said of the record. “If I score zero points and we win, I’d be the happiest guy around. That’s all I care about.”

–Field Level Media

No. 9 Gonzaga downs San Francisco, charges into WCC final


Anton Watson recorded 20 points and seven rebounds to help No. 9 Gonzaga notch a wire-to-wire, 84-73 victory over San Francisco on Monday night in a West Coast Conference semifinal matchup at Las Vegas.

Drew Timme had 17 points, eight rebounds and five assists for the second-seeded Bulldogs (27-5), who won their eighth consecutive game. Julian Strawther scored 15 points and Ben Gregg had 12 on four 3-pointers.

Gonzaga will face top-seeded Saint Mary’s (26-6) in Tuesday’s WCC title game. The teams split two regular-season meetings.

It will be the Bulldogs’ 26th straight appearance in the championship game, including all 24 seasons of Mark Few’s head-coaching stint.

San Francisco star Khalil Shabazz made six 3-pointers and scored 26 points. Tyrell Roberts had 17 points and Marcus Williams added 11 points and seven rebounds for the sixth-seeded Dons (20-14).

Timme is five points away from surpassing Frank Burgess (2,196 from 1958-61) as the Bulldogs’ all-time leading scorer. Burgess played three seasons while Timme is completing his fourth.

Gonzaga shot 48.2 percent from the field, including 11 of 26 (42.3 percent) from 3-point range.

San Francisco made 40.3 percent of its shots and was 14 of 37 (37.8 percent) from behind the arc.

The Dons trailed by as many as 15 in the first half, but Roberts and Williams hit 3-pointers as the Dons crept within 56-54 with 11:59 left in the game.

San Francisco missed three shots that would have put them on top over their next two possessions, and Gonzaga finally answered with six straight points to boost its lead to eight.

San Francisco were within six again with six minutes to go, but Watson’s basket and four straight points by Strawther made it 76-64 with 4:03 left.

Roberts drained a trey to pull the Dons within nine with 2:38 left before the Bulldogs pushed the lead back to 14 on two free throws by Hunter Sallis with 62 seconds left while closing it out.

Watson scored 13 first-half points as Gonzaga led 43-35 at the half. Shabazz had 14 in the half for the Dons.

–Field Level Media

Kings pull away in 3rd quarter to crush Pelicans


Domantas Sabonis recorded his eighth triple-double of the season, Trey Lyles capped a third-quarter spurt with a three-point play and the Sacramento Kings gradually pulled away from the visiting New Orleans Pelicans in the second half en route to a 123-108 victory Monday night.

Sabonis collected 19 points, 11 rebounds and a game-high 11 assists, while Kevin Huerter put up a game-high 25 points for the Kings, who won for the second time in three outings on a four-game homestand.

Brandon Ingram had 24 points to pace the Pelicans, who completed a 1-2 Western swing with a second consecutive loss.

The teams battled on even terms in the first half before Sacramento ran up 38 third-quarter points to take command for good.

Two free throws by the Pelicans’ Jaxson Hayes had New Orleans within 88-79 with 2:47 remaining in the third period, but the visitors never scored again in the quarter.

Meanwhile, Chimezie Metu and Davion Mitchell sandwiched two Malik Monk free throws with hoops to increase the Sacramento lead to 15 before Lyles turned a Mitchell assist into a buzzer-beating, three-point play that completed a 9-0 run that gave the Kings a 97-79 lead.

Playing once again without Zion Williamson, Larry Nance Jr. and Jose Alvarado, the Pelicans never seriously threatened in the final period.

Huerter connected on 6 of 10 shots from 3-point range to account for a majority of his points for the Kings, who outshot the Pelicans 56.6 percent to 53.8 percent overall and 42.1 percent to 37.9 percent on threes.

Even without De’Aaron Fox, out with a sore hamstring, the Kings put all five starters in double figures, with Mitchell finishing with 15 points, Harrison Barnes 14 and Keegan Murray 13. Lyles, Monk and Metu chipped in with 14, 11 and nine, respectively, off the bench.

Jonas Valanciunas was the game’s leading rebounder with 12 boards to go with 19 points for the Pelicans, who also saw all five starters score in double figures.

Trey Murphy III added 17 points, CJ McCollum 14 and Herbert Jones 13 to go with a team-high eight assists for New Orleans, which will host Sacramento in April in a game that will decide which team wins a season series currently tied at 1-1.

–Field Level Media

A US man was detained after reportedly trying to open the emergency exit and stabbing a flight attendant

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Photo UNSPLASH

The US Department of Justice reported that a 33-year-old Francisco Severo Torres from Leominster, Massachusetts man was detained and charged after reportedly trying to open an emergency exit door on a United Airlines aircraft from Los Angeles to Boston and then attempting to stab a flight attendant in the neck.

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A Leominster, Massachusetts man has been detained and charged with attempted murder after reportedly trying to stab a flight attendant in the neck while traveling on a United Airlines flight from Los Angeles to Boston, according to a statement from the US Department of Justice.

Court records state that the flight attendant advised the captain that they thought Torres presented a threat to the plane and that the captain should make a quick landing. Soon after, two flight attendants were allegedly waiting in the aisle as Torres walked toward the starboard side entrance.

Thanks to the quick action of our crew and customers, one customer was restrained after becoming a security concern on United flight 2609 from Los Angeles to Boston. The flight landed safely and was met by law enforcement. We have zero tolerance for any type of violence on our flights, and this customer will be banned from flying on United pending an investigation

– United Airlines

Torres was seen by a flight steward mouthing something that he was unable to hear. Then, according to reports, he thrust at one of the flight attendants while stabbing her three times in the neck region with a broken metal spoon.

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Torres was then tackled by passengers and restrained with help from the flight staff. As soon as the plane touched down in Boston, Torres was arrested. Torres is alleged to have inquired about the location of the door handle in the safety card from a different passenger during later interviews with passengers who were on board the aircraft.

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Texas Authorities Detain Italy Mother for Allegedly Stabbing Her Five Children

 

Alo Yoga introduces a digital collection in the Metaverse

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Alo Yoga introduces a digital collection in the Metaverse (META). To launch a line of digital Alo wearables, Alo Yoga has partnered with the decentralized virtual environment The Sandbox, according to a press release provided to Retail Dive.

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The company said it had previously offered Aspen Collection NFTs, which featured benefits like personalized shopping and entry to the Alo Wellness Club and the upcoming Alo Residences. For the release of the NFT, the brand worked with Web3 firm MoonPay.

CWEB Meta Stock Chart

According to a press release, The Sandbox has previously collaborated with brands and individuals including Gucci, Warner Music Group, Adidas, Atari, Steve Aoki, Deadmau5, and Snoop Dogg.

Wearable choices include a hoodie, sweatpants, and bucket hat from the Alo Yoga line. During Paris Fashion Week, on March 1, the company unveiled the line.

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The collection heralds Alo’s entrance into The Sandbox and, according to the firm, aids in the brand’s engagement with its community through decentralized platforms, genuine digital ownership, and special member benefits.

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Bernard Arnault, luxury goods manufacturer overtakes Elon Musk in top billionaires ranking

 

GitLab’s Upcoming Q4 Earnings Preview

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RBC Capital analysts provided their outlook on GitLab Inc. (NASDAQ:GTLB) ahead of the upcoming Q4/23 earnings announcement next week.
Given challenging macros, the analysts expect limited upside to the results. Q4 job postings were down 19% quarter-over-quarter while thus far in Q1, postings are down 79% quarter-over-quarter.
The analysts said the focus of earnings includes headwinds to the business, an RIF, a Premium-tier price increase, thoughts on Al/GitHub Copilot, and fiscal 2024 guidance.
While the analysts previously reduced their revenue estimates following the RIF, they are now increasing them slightly as they think the price increase likely points to an approximately 40% revenue growth in 2024.
Overall, the analysts remain bullish on the company’s long-term opportunity to consolidate DevSecOps spending. RBC Capital reiterated its Outperform rating but raised its price target to $60 from $50 on higher estimates.