Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining around 0.2% on Friday.
The Dow traded down 0.11% to 41,291.08 while the NASDAQ rose 0.28% to 17,565.84. The S&P 500 also rose, gaining, 0.20% to 5,603.06.
Check This Out: Meta, Bank of America And 2 Other Stocks Executives Are Selling
Leading and Lagging Sectors
Consumer discretionary shares climbed by 0.9% on Thursday.
In trading on Thursday, energy shares fell by 0.5%.
Top Headline
The total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc reported.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 2.9% to $73.74 while gold traded down 1.1% at $2,532.10.
Silver traded down 2.6% to $29.21 on Friday, while copper fell 0.1% to $4.2165.
Euro zone
European shares closed mixed today. The eurozone's STOXX 600 gained 0.09%, Germany's DAX fell 0.03% and France's CAC 40 fell 0.13%. Spain's IBEX 35 Index rose 0.38%, while London's FTSE 100 fell 0.04%.
The unemployment rate in the Eurozone eased to its record low of 6.4% in July from 6.5% in the previous month, while annual inflation rate declined to 2.2% in August from 2.6% in the prior month.
Asia Pacific Markets
Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 0.74%, Hong Kong's Hang Seng Index gaining 1.14%, China's Shanghai Composite Index gaining 0.68% and India's BSE Sensex rising 0.28%.
The Indian economy grew by 6.7% from the prior year in the June quarter compared to a 7.8% increase in the prior period. Retail sales in Hong Kong declined 13.3% year-over-year in July.
Economics
Now Read This:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
** Software firm MongoDB's MDB.O shares jump 17% to $287.52
** Company raised its forecasts for full-year revenue and profit on Thursday
** MDB now sees FY25 revenue in the range of $1.92 bln to $1.93 bln vs $1.88 bln to $1.90 bln expected earlier
** Company raises its annual forecast for adjusted EPS to between $2.33 and $2.47 vs $2.15 to $2.30 earlier
** At least 13 brokerages raise price targets on the stock after results
** "The solid beat-and-raise suggests the worst of a 2-year growth moderation is now behind MDB," analysts at Piper Sandler write in a note
** MDB reported Q2 total revenue of $478.1 mln, an increase of 13% year-over-year
** "We believe we are incredibly well positioned to help customers incorporate generative AI into their business and modernize their legacy application estate" - CEO Dev Ittycheria
** Quarterly net loss widened to $54.5 mln vs $37.6 mln, a year ago
** Including session gains, stock down ~30% YTD
(Reporting by Manya Saini in Bengaluru)
MongoDB, Inc stock climbed on Friday after the company reported upbeat second-quarter earnings on Thursday.
The company reported quarterly sales of $478.1 million, up 12.8% year-on-year. It topped analyst consensus estimates of $464 million. The quarterly earnings of 70 cents per share beat the analyst consensus estimate of 49 cents.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
RBC Capital: MongoDB reported a good beat-and-raise quarter, leading shares up 13% after market close, Jaluria noted. Atlas’ revenue was solid. Margins and EPS upside were solid, and Jaluria raised his estimates.
Most importantly, the analyst flagged that consumption trends improved, operational headwinds subsided, and new business generation was strong. Jaluria noted that the second quarter was a good outcome, and fiscal 2025 is back on track.
Considering MongoDB’s large TAM, powerful secular drivers, and category leadership, the price target implies a premium to the peer group.
Jaluria expects third-quarter revenue and EPS of $495 million and 66 cents.
Stifel: MongoDB posted a solid rebound quarter. A 3% revenue beat was driven by consumption growth that modestly outperformed expectations and solid improvement in new business execution across Enterprise Advanced and Atlas, sending the stock up ~14% after hours after being down ~40% year-to-date, Reback noted.
The analyst said results highlight improving execution in the challenged macro, which, combined with investments that should support gross margin expansion and an expanding set of core and emerging growth drivers, should enable the company to sustain 20%+ revenue growth and incremental levels of profitability and cash flow in coming years.
Reback expects third-quarter revenue and EPS of $496.1 million and 68 cents.
Truist Securities: MongoDB produced second-quarter results that indicated some stabilization in the business after a shaky start to the year, Jump noted. From an execution perspective, the management team pointed to an improvement in new business as a sign of their operational rebound.
From a macro perspective, consumption patterns in the quarter uptick slightly from the first quarter but are not enough to change the company’s expectations for the remainder of the year. Jump expects the company to reaccelerate revenue growth by about 17% annually and scale to a 23% free cash flow margin by then.
Jump expects third-quarter revenue and EPS of $495 million and 68 cents.
Piper Sandler: The solid beat-and-raise suggests the worst of a two-year growth moderation is now behind MongoDB, Bracelin noted. The second-quarter top-line growth could mark a near-term quarterly trough, setting up for accelerating growth into next year.
Bracelin expects further growth normalization back above the 20%+ range exiting next year, even with little benefit from artificial intelligence, another upside lever. The analyst adds that MongoDB remains a high-quality and profitable growth compounder with a modern cloud database facing favorable secular tailwinds that could help double revenue to $4 billion-$5 billion in three to five years.
Solid execution, as evident by the quarterly beat-and-raise and underlying Atlas momentum, further increases Bracelin’s conviction that growth investors rebuild core positions in MongoDB.
Bracelin expects third-quarter revenue and EPS of $495.2 million and 68 cents.
Goldman Sachs: MongoDB is well positioned to benefit from the growth of generative AI as their document model is best-in-class at processing rich, complex data structures quickly, and with more AI applications and data ultimately increasing the demand for Databases, Rangan noted. The analyst remains confident in MongoDB’s ability to win an outsized share of the $100 billion+ database market that can support durable 20% growth mid-term.
Rangan expects third-quarter revenue and EPS of $$495 million and 67 cents.
JMP Securities: The rating followed the company, indicating healthier new business trends and Atlas strength. The company reported better-than-expected second-quarter results. The price target reflects a premium to the high-growth infrastructure peer group median multiple, which is warranted by MongoDB’s attractive market opportunity and strong leadership team.
Walravens expects third-quarter revenue and EPS of $496 million and 68 cents.
Price Action: MongoDB stock traded up 16.75% at $286.87 at last check Friday.
Now Read:
Image: Shutterstock
Latest Ratings for MDB
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2022 | Needham | Maintains | Buy | |
Mar 2022 | Mizuho | Maintains | Neutral | |
Mar 2022 | Barclays | Maintains | Overweight |
View More Analyst Ratings for MDB
View the Latest Analyst Ratings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
By Blake Brittain
Aug 30 (Reuters) - Cisco Systems CSCO.O must pay video group-chat app maker Paltalk PALT.O $65.7 million for infringing a patent related to audio conferencing, a jury in Texas federal court said on Thursday.
The jury determined that Cisco's WebEx web-conferencing products violated Paltalk's patent rights in audio-server technology for teleconferencing.
A Cisco spokesperson said on Friday that the company would challenge the verdict in post-trial motions and will appeal if necessary. Paltalk attorneys Max Tribble and Kalpana Srinivasan of Susman Godfrey said in a statement that they were "thrilled" with the verdict.
New York-based Paltalk's stock was down 37% to $3.45 per share on Friday afternoon despite the verdict. The company said in a press release on Friday that it estimated it would eventually "receive no more than one third of the gross proceeds" from the award.
Paltalk filed the lawsuit against San Jose, California-based Cisco in Waco, Texas, federal court in 2021. Cisco denied the allegations and argued that the patent was invalid.
U.S. District Judge Alan Albright rejected Cisco's request for a mistrial on Thursday, which Cisco had argued was necessary after Albright "changed course" at the beginning of the trial on how a key part of the patent would be interpreted.
The case is Paltalk Holdings Inc v. Cisco Systems Inc, U.S. District Court for the Western District of Texas, No. 6:21-cv-00757.
For Paltalk: Max Tribble, Kalpana Srinivasan and Ryan Caughey of Susman Godfrey
For Cisco: Sarah Piepmeier, Elise Edlin, Robin Brewer, Nathan Sabri, Ryan Hawkins and Andrew Dufresne of Perkins Coie
(Reporting by Blake Brittain in Washington)
(( blake.brittain@tr.com ; +1 (202) 938-5713; ))
Keywords: CISCO-PATENT/TRIAL
Brenmiller Energy shares are moving higher on Friday after the company reported a year-over-year increase in EPS for the first half of the 2024 fiscal year. In addition, the company announced a projected pipeline with a potential value of up to $500 million.
The Details:
Brenmiller announced it signed a 5-year distribution agreement with Rock Energy Storage, with projected sales milestones of more than $150 million.
“We have built an impressive project pipeline, potentially worth up to $500 million in value, and our team is working tirelessly, day in and day out, to move this pipeline forward so that we can start delivering meaningful cost savings and emissions reductions for our customers as well as recurring revenues for our company and value for our shareholders.”
The company reported a loss of 45 cents per share up from a loss of $3.02 per share compared to the same period last year.
For the the first half of the year, Brenmiller also reported cash and cash equivalents of $6.99 million, operating loss of $5.38 million, net loss of $1.58 million and net cash used in operating activities of $3.86 million. The net loss represents a 70% decline compared to the prior year period.
“Our pioneering bGen thermal battery continues to support the growing and mostly unmet need for on-demand access to sustainable heat,” said Brenmiller chairman and CEO, Avi Brenmiller.
Related Link: Nvidia Analysts Say Pullback Is Buying Opportunity: ‘Pushing AI Envelope Too Significant To Slow Down’
BNRG Price Action: Brenmiller Energy stock is moving 174% higher at $1.76 per data from Benzinga Pro.
Image: Image via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tech stocks rose Friday afternoon with the Technology Select Sector SPDR Fund (XLK) adding 0.4% and the SPDR S&P Semiconductor ETF (XSD) gaining 0.9%.
The Philadelphia Semiconductor index climbed 1.4%.
In corporate news, Intel is working with Morgan Stanley (MS) and Goldman Sachs (GS) on strategy, including the prospect of M&A deals or a split of businesses, Bloomberg reported. Intel shares jumped 7.8%.
MongoDB shares surged 17%. The company's fiscal Q2 results demonstrated "some stabilization" in operations after a "shaky" start to 2024 as management highlighted a rebound, Truist Securities said.
Dell reported fiscal Q2 non-GAAP earnings late Thursday of $1.89 per diluted share, up from $1.74 a year earlier and above the Capital IQ consensus analyst estimate of $1.71. Separately, Dell is trying to sell SecureWorks again following previous failed attempts, Reuters reported. Dell shares rose 3.3%, and SecureWorks tumbled 5.8%.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.