The cybersecurity stock of CrowdStrike Holdings witnessed a drop in value on Monday, following a downgrade by Morgan Stanley analyst Hamza Fodderwala. Fodderwala has adjusted his rating on CrowdStrike shares, lowering them from Overweight to Equal Weight. In addition, he revised his price target for the stock, reducing it from $178 to $167. Fodderwala cited a challenging demand … [Read more...] about CrowdStrike Stock Faces Downgrade Ahead of Earnings
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Zoom Exceeds Expectations with Strong Q2 Results
Zoom Video Communications Inc.'s stock surged in extended trading on Monday after the company surpassed expectations with its financial results and forecasts. Impressive Q2 Performance In the fiscal second quarter, Zoom reported a net income of $182 million, or 59 cents per share, on revenue of $1.14 billion. This marked substantial growth compared to the previous year's … [Read more...] about Zoom Exceeds Expectations with Strong Q2 Results
Agilent Technologies Faces Challenges in China, Lowers Guidance
Agilent Technologies (ticker: A) experienced a decline in its stock price following a reduction in its revenue guidance due to weak market conditions in China. The company now expects full-year revenue to range from $6.8 billion to $6.85 billion, down from the previous guidance of $6.93 billion to $7.03 billion. Similarly, earnings per share for the full year are now estimated … [Read more...] about Agilent Technologies Faces Challenges in China, Lowers Guidance
LSI Industries Reports Strong Fourth-Quarter Earnings
LSI Industries, a leading lighting manufacturer, has exceeded analysts' expectations with its impressive fourth-quarter earnings. The company's shares saw a significant increase of 20% to $15.32 following this positive news. In the fourth quarter, LSI Industries recorded earnings of $8.4 million, or 28 cents per share, compared to $5.2 million, or 18 cents per share, during the … [Read more...] about LSI Industries Reports Strong Fourth-Quarter Earnings
UPS Shares Set to Snap Losing Streak
Shares of United Parcel Service Inc. (UPS) are showing signs of a rebound, surging 0.7% in afternoon trading on Monday. The package delivery giant is poised to end a five-day losing streak as investors eagerly anticipate the release of its second-quarter financial results. Earnings Projections The much-awaited results will be disclosed on Tuesday, August 8, at 6 a.m. Eastern … [Read more...] about UPS Shares Set to Snap Losing Streak
