2021-11-01 16:15:36 ANET Arista Networks
11/01/21 11/0116:15 11/01/2116:15 | Arista Networks reports Q3 adjusted EPS $2.96, consensus $2.73Reports Q3 revenue $748.7M, consensus $737.94M. "We are experiencing strong demand for our pioneering client to cloud networking portfolio across all of our customer sectors. Despite a challenging supply chain environment, I am pleased with our delivery of another record quarter of Arista's financial results in Q3 2021," stated Jayshree Ullal, Arista's President and CEO. |
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Apyx Medical price target raised to $12 from $6 at Piper Sandler »
20:54 08/11/22 08/1120:54 08/11/2220:54
APYX
Apyx Medical
Piper Sandler analyst… Piper Sandler analyst Matt O'Brien raised the firm's price target on Apyx Medical to $12 from $6 and keeps an Overweight rating on the shares. The company's Q2 revenue missed expectations due to greater-than-expected demand impacts within the Advanced Energy business from the FDA safety communication in March, though next year is setting up for an acceleration in the business, with mid-teens growth expected through FY25, the analyst tells investors in a research note. ShowHide Related Items >><<
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Sight Sciences price target lowered to $15 from $17 at Piper Sandler »
20:46 08/11/22 08/1120:46 08/11/2220:46
SGHT
Sight Sciences
Piper Sandler analyst… Piper Sandler analyst Matt O'Brien lowered the firm's price target on Sight Sciences to $15 from $17 after its Q2 earnings miss as he adjusts his valuation model with unchanged 6-times enterprise value to expected FY23 sales multiple but keeps an Overweight rating on the shares. The analyst still believes that Sight Sciences management is building a strong franchise that will generate sizable levels of sales and eventually profitability. ShowHide Related Items >><<
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Earnings
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ProFrac Holding reports Q2 adjusted EBITDA $210.6M vs. $34.1M last year »
20:28 08/11/22 08/1120:28 08/11/2220:28
PFHC
ProFrac Holding
Reports Q2 revenue… Reports Q2 revenue $589.8M, consensus $569.4M. The company states: "The Company is deploying its first electric fleet during the third quarter and expects to average approximately 31 active fleets for the full quarter. We expect to deploy two more electric fleets in the fourth quarter. There are no current plans to reactivate any conventional or dual fuel fleets for the remainder of 2022. The Company also expects incremental improvement in third quarter results, as compared to the second quarter attributable to further bundling of materials with our pressure pumping services, continued pricing improvements, and the anticipated deployment of our first electric fleet." ShowHide Related Items >><<
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Hot Stocks
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Offerpad Solutions director buys $1.69M in common stock »
20:13 08/11/22 08/1120:13 08/11/2220:13
OPAD
Offerpad Solutions
In a regulatory filing,… In a regulatory filing, Offerpad Solutions disclosed that its director Roberto Sella bought 1M shares of common stock on August 9th in a total transaction size of $1.69M. ShowHide Related Items >><<
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Cathie Wood's ARK Investment bought 628K shares of Fate Therapeutics today
20:10 08/11/22 08/1120:10 08/11/2220:10
FATE
Fate Therapeutics
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Cathie Wood's ARK Investment bought 101K shares of Teladoc today
20:09 08/11/22 08/1120:09 08/11/2220:09
TDOC
Teladoc
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Syndicate
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Corphousing prices 3.375M share IPO at $4.00 »
20:02 08/11/22 08/1120:02 08/11/2220:02
CHG
Corphousing
Maxim Group LLC is acting… Maxim Group LLC is acting as the lead book-running manager in connection with the offering and Joseph Gunnar & Co. is acting as joint book-running manager for the offering. ShowHide Related Items >><<
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Syndicate
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Portillo's 8M share Secondary priced at $23.75 »
19:57 08/11/22 08/1119:57 08/11/2219:57
PTLO
Portillo's
The deal priced below… The deal priced below last closing price of $24.97. Jefferies and Morgan Stanley are acting as joint book running managers for the offering. ShowHide Related Items >><<
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Syndicate
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Reborn Coffee 1.44M share IPO priced at $5.00 »
19:49 08/11/22 08/1119:49 08/11/2219:49
REBN
Reborn Coffee
The deal size was… The deal size was increased to $7.2M from $6.0M. EF Hutton is acting as sole book running manager for the offering. ShowHide Related Items >><<
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General news
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Fed President Mary Daly says workers looking for jobs now do not see recession »
19:46 08/11/22 08/1119:46 08/11/2219:46
SPY
SPDR S&P 500 ETF Trust
S&P 500
Invesco QQQ Trust
Says long way from… Says long way from evaluating risks of not pulling back on tightening; Says the main risk in the economy is that inflation is too high; Says another tightening of 50bps makes sense to me right now, but have open mind on 75bps hike in September. Says looking at job openings and quit rate in addition to unemployment rate; Says will take some time for home rental inflation to level off; Says if services inflation continues to rise, we still have a lot of work to do; Says about 100bps increase before the end of 2022 looks right for now; Says will raise rates to a level appropriate and then hold them there for a while. Comments from Bloomberg TV interview. ShowHide Related Items >><<
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Earnings
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4D Molecular reports Q2 EPS (87c), consensus (85c) »
19:06 08/11/22 08/1119:06 08/11/2219:06
FDMT
4D Molecular
"Maintaining our… "Maintaining our momentum from the first quarter, we continued to execute towards our clinical and corporate milestones, including progress across all of our five clinical-stage product candidates," said David Kirn, M.D., Co-founder, President and Chief Executive Officer of 4DMT. "In addition, the protocol amendment for the 4D-310 Phase 1/2 clinical trial in Fabry disease will expand access to include female patients, a large and significantly affected patient population with Fabry disease. We have maintained our focus on efficient cash utilization, with current cash available to support our operations into the first half of 2025. Our team is committed to relentless execution as we make progress toward key clinical data readouts in the first half of 2023 and beyond." ShowHide Related Items >><<
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Earnings
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PureCycle Technologies reports Q2 EPS (9c), consensus (14c) »
19:04 08/11/22 08/1119:04 08/11/2219:04
PCT
PureCycle Technologies
The company states:… The company states: "To date, we have not generated any operating revenue. We expect to begin to generate revenue in 2023 from our commercial plant and PreP facilities." ShowHide Related Items >><<
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Earnings
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Kinnate Biopharma reports Q2 EPS (62c), consensus (64c) »
18:59 08/11/22 08/1118:59 08/11/2218:59
KNTE
Kinnate Biopharma
"Kinnate is making… "Kinnate is making meaningful progress with its proprietary clinical and preclinical precision oncology programs," said Nima Farzan, chief executive officer, Kinnate Biopharma Inc. "We continue to expand the global footprint of clinical trial sites for our pan-RAF inhibitor, KIN-2787, for which we expect to share initial clinical data later this year. The Kinnate Discovery Engine is actively generating new research leads, and with our financial strength, we're well positioned to invest in breakthrough science and long-term growth of the company." ShowHide Related Items >><<
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Syndicate
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Silence Therapeutics prices 5.95M ADSs at $9.50 per share »
18:58 08/11/22 08/1118:58 08/11/2218:58
SLN
Silence Therapeutics
Silence intends to use… Silence intends to use the net proceeds of the offering, together with its existing cash and cash equivalents to fund the advancement of its clinical trials, including its Phase 2 trial of SLN360 in ASCVD and its Phase 1/2 trial of SLN124 in polycythemia vera, as well as expansion of pipeline programs, working capital and general corporate purposes. Morgan Stanley and William Blair are acting as joint book-running managers for the offering. ShowHide Related Items >><<
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Hot Stocks
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T-Mobile exec sells $7.26M in common stock »
18:48 08/11/22 08/1118:48 08/11/2218:48
TMUS
T-Mobile
In a regulatory filing,… In a regulatory filing, T-Mobile disclosed that its Technology President Nevilled Ray sold 50K shares of common stock on August 9th in a total transaction size of $7.26M. ShowHide Related Items >><<
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Hot Stocks
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Algonquin Power declares Q3 common and preferred share dividends »
18:39 08/11/22 08/1118:39 08/11/2218:39
AQN
Algonquin Power
Algonquin Power has… Algonquin Power has approved and declared the following common and preferred share dividends: 18.08c per common share, payable on October 14 to shareholders of record on September 29 for the period from July 1 to September 30; shareholders receiving dividends in cash can elect to receive the dividend in Canadian dollars in the amount of C$0.2312. C$0.32263 per preferred share, Series A, payable in cash on October 3 to preferred share, Series A holders of record on September 15 for the period from June 30 to, but excluding, September 30. C$0.31819 per preferred share, Series D, payable in cash on October 3 to preferred share, Series D holders of record on September 15 for the period from June 30 to, but excluding, September 30. . Plan Shares will be acquired by way of a treasury purchase at the average market price as defined in the Plan less a 3% discount. ShowHide Related Items >><<
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On The Fly
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Fly Intel: After-Hours Movers »
18:36 08/11/22 08/1118:36 08/11/2218:36
PAYO
Payoneer Global
Toast
LegalZoom
Joby Aviation
PureCycle Technologies
Quanterix
Co-Diagnostics
Olo
CS Disco
Smith Micro
Expensify
Illumina
System1
ForgeRock
Pear Therapeutics
Chicken Soup for the Soul
SmartRent
Poshmark
Mister Car Wash
Biolase
Rivian Automotive
Certara
Check out this evening's… ShowHide Related Items >><<
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Agios announces publication of Phase 2 PYRUKYND data in The Lancet »
18:35 08/11/22 08/1118:35 08/11/2218:35
AGIO
Agios Pharmaceuticals
Agios Pharmaceuticals… Agios Pharmaceuticals announced that data from the core period of the open-label, Phase 2 study of PYRUKYND in adults with non-transfusion-dependent alpha- or beta-thalassemia were published on August 11, 2022, in The Lancet. Data from this study were previously presented at the 2021 European Hematology Association Annual Congress. PYRUKYND is a first-in-class, investigational, oral, small molecule allosteric activator of wild-type and a variety of mutated pyruvate kinase enzymes. "Consistent with previously reported findings, the data reported today underscore the potential of PK activation to improve hallmarks of alpha- and beta-thalassemia, including hemolysis and ineffective erythropoiesis," said Kevin Kuo, M.D., hematologist at University of Toronto, Toronto General Hospital, and an investigator in the study. "Thalassemia is a rare, debilitating lifelong blood disorder characterized by severe complications, with no treatment options for those with alpha-thalassemia and limited options for those with beta-thalassemia. These data demonstrate the potential clinical benefits of mitapivat for a broad spectrum of thalassemia patients and support its continued investigation in pivotal trials." ShowHide Related Items >><<
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Taro Pharmaceutical issues voluntary recall of taro-zoledronic acid injection »
18:19 08/11/22 08/1118:19 08/11/2218:19
TARO
Taro Pharmaceutical
Taro Pharmaceuticals has… Taro Pharmaceuticals has initiated a voluntary Type 1 recall to the patient level on six lots of Taro-Zoledronic Acid Injection, 5 mg/100 mL in 100 mL vials. The reason for the recall is that product from these lots may contain particulate matter over the specified requirements. This recall is being conducted with the knowledge of Health Canada. The presence of foreign particulate matter in vials of the affected lots could potentially cause unintended adverse events. Taro has received no reports of serious adverse events associated with this product. Taro-Zoledronic Acid Injection, 5 mg/100 mL is used to increase bone mineral density, to treat and prevent osteoporosis as well as to treat Paget's disease, a condition that causes bone deformities. ShowHide Related Items >><<
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Quanterix director buys $100K in common stock »
18:19 08/11/22 08/1118:19 08/11/2218:19
QTRX
Quanterix
In a regulatory filing,… In a regulatory filing, Quanterix director Sarah Hlavinka disclosed the purchase of 10.1K common shares of the company on August 11 at a price of $9.89 per share. Shares of Quanterix rose 18.7% today following insider buying activity yesterday evening and are up another 6.2% afterhours. ShowHide Related Items >><<
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Periodicals
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HSBC overstated risks of Asia unit spinoff, Reuters reports »
18:17 08/11/22 08/1118:17 08/11/2218:17
HSBC
HSBC
HSBC oversold the risks… HSBC oversold the risks of spinning off its Asia business when it spurned such a proposal by stakeholder Ping An, Reuters' Selena Li, Lawrence White, and Anshuman Daga report, citing a source familiar with the Chinese insurer's thinking. The move could unlock up to $35B in value for the bank, the authors say, citing the source. Reference Link ShowHide Related Items >><<
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Hot Stocks
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Court affirms ruling barring Minerva from challenging Hologic's patent rights »
18:13 08/11/22 08/1118:13 08/11/2218:13
HOLX
Hologic
Minerva
Hologic (HOLX) announced… Hologic (HOLX) announced that the U.S. Court of Appeals for the Federal Circuit has affirmed a 2018 district court ruling that barred Minerva (NERV) from challenging the validity of the patent rights it assigned to Hologic. "We are pleased that the U.S. Court of Appeals has once again ruled in our favor. This important decision confirms that good faith and fair dealing apply to transactions involving patents and provides greater certainty for companies like Hologic who acquire innovative technologies in order to provide physicians and their patients with the latest solutions," said Essex Mitchell, President of Hologic's GYN Surgical Solutions Division. In 2015, Hologic sued Minerva alleging that the company's endometrial ablation system infringes patents acquired by Hologic through its 2004 purchase of Novacept, the developer of the NovaSure endometrial ablation system for abnormal uterine bleeding. The suit alleged that four years after Hologic's acquisition of Novacept, a former Novacept executive founded Minerva and developed and commercialized an endometrial ablation device using the patented technology that was acquired by Hologic in the Novacept transaction. In 2018, a Delaware district court found Minerva liable for patent infringement and barred the company's invalidity defenses under assignor estoppel. A jury awarded Hologic $4.8M in damages for Minerva's infringement. This decision by the U.S. Court of Appeals is the latest decision in Hologic's favor on this matter. In 2019, the Federal Circuit affirmed the district court ruling on infringement and assignor estoppel. In 2021, the U.S. Supreme Court clarified the scope of assignor estoppel and, on remand, the Federal Circuit again ruled in Hologic's favor, holding that Minerva's invalidity challenge contradicted multiple representations made by the Novacept executive, including in assigning the patent. With the Federal Circuit decision, Minerva must now pay Hologic more than $7M in damages, which includes the $4.8M in damages originally awarded plus post-trial damages and interest. ShowHide Related Items >><<
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Teens are leaving Facebook, YouTube used by 95% of teens, Pew Research says »
18:01 08/11/22 08/1118:01 08/11/2218:01
META
Meta Platforms
Snap
Alphabet
Alphabet
"The landscape of… "The landscape of social media is ever-changing, especially among teens who often are on the leading edge of this space. A new Pew Research Center survey of American teenagers ages 13 to 17 finds TikTok has rocketed in popularity since its North American debut several years ago and now is a top social media platform for teens among the platforms covered in this survey. Some 67% of teens say they ever use TikTok, with 16% of all teens saying they use it almost constantly. Meanwhile, the share of teens who say they use Facebook, a dominant social media platform among teens in the Center's 2014-15 survey, has plummeted from 71% then to 32% today. YouTube (GOOG) tops the 2022 teen online landscape among the platforms covered in the Center's new survey, as it is used by 95% of teens. TikTok is next on the list of platforms that were asked about in this survey,67%, followed by Instagram and Snapchat (SNAP), which are both used by about six-in-ten teens. After those platforms come Facebook (META) with 32% and smaller shares who use Twitter (TWTR), Twitch, WhatsApp, Reddit and Tumblr,"wrote Emily Vogels, Risa Gelles-Watnick and Navid Massarat for Pew Research. Reference Link ShowHide Related Items >><<
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Upgrade
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Swire Pacific upgraded to Buy from Neutral at Goldman Sachs »
17:56 08/11/22 08/1117:56 08/11/2217:56
SWRAY
Swire Pacific
Goldman Sachs analyst… Goldman Sachs analyst Simon Cheung upgraded Swire Pacific to Buy from Neutral with a price target of HK$79, up from HK$66. The group may continue to see uncertainties for its various businesses in near term amid viral outbreaks and cost inflation, but the worst appears to be over for the company with signs of recovery ahead, the analyst tells investors in a research note. |