PayPal (PYPL) delivered first-quarter earnings on Monday after the market closed. The market responded Tuesday by sending shares off a cliff, as the company has lost more than 10% since. This reaction has many perplexed as the earnings report was mostly positive. PayPal saw a 10% growth in total payment volume year over year [...]
As more and more companies dive into the world of AI and attempt to capitalize on the hype, Snowflake (SNOW) is the latest to receive a bump. The stock is up more than 13% in the past week, and is still climbing today - up nearly 2% in Tuesday’s trading session. On Monday, Brad [...]
One of today’s biggest movers in Monday morning’s trading session is cybersecurity company Zscaler (ZS). The stock has climbed more than 22% after raising guidance and resetting expectations for the fiscal third-quarter earnings report. This came as a result of a dramatic increase in revenue expectations. Previously, Zscaler was looking to produce revenue somewhere [...]
Icahn Enterprises (IEP) has had an interesting week, as the stock is currently up 20% in today’s trading session Friday. But, the stock tanked more than 45% earlier in the week. This came after the company was the latest victim to be targeted by Hindenburg - a short seller with a history of releasing [...]
Shopify (SHOP) investors were delighted to witness a 27%+ jump in stock price this morning. But, those who have been invested in the company for a while are even more excited about the long-term outlook for the company, as the news that got us here today is that Shopify announced the sale of its [...]
This morning, Unity (U) released a statement announcing its plans to slash the workforce by about 8% - doing away with 600 jobs. This is part of a larger restructuring effort, as the video game software developer is working hard to achieve long-term, profitable growth. The company is rethinking the structure of specific teams [...]
Students around the world have been playing on easy mode for the past 6-12 months as ChatGPT has become their go-to source for homework, and specifically, essays. And, the company that used to be the students’ trusted companion - Chegg (CHGG) is getting crushed as a result. The online education company had its earnings [...]
Protalix BioTherapeutics, Inc. (PLX: NYSE AMEX and Tel Aviv Stock Exchange) is headquartered in Carmiel, Israel with an office in Hackensack, NJ, with a total of 197 employees. Protalix Ltd. was incorporated in 1993. It became a U.S public company on December 31, 2006. PLX is a biopharmaceutical company that develops, produces and commercializes [...]
The Walt Disney Company (DIS) is coming off a tough week of letting thousands of workers go, and it appears that a new battle awaits them this week. Monday morning, the Central Florida Tourism Oversight Board unanimously voted that they would sue the entertainment company. This is just the latest in an ongoing political [...]
Microsoft (MSFT) issued its fiscal Q3 earnings earlier this week, and as of Friday, the ripples haven’t yet subsided. The company impressed with both a revenue and EPS beat, and has climbed nearly 10% since Tuesday evening when the report went out. Earnings came in at $2.45 per share compared to the estimate of [...]
