In recent trading, shares of Zscaler Inc (Symbol: ZS) have crossed above the average analyst 12-month target price of $62.64, changing hands for $63.86/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuatio
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itse
Investors are always looking for stocks that are poised to beat at earnings season and Boyd Gaming Corporation BYD may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
TravelCenters of America Inc. TA has been struggling lately, but the selling pressure may be coming to an end soon. That is because TA recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
Diamondback Energy, Inc. FANG reported strong fourth-quarter 2019 results. Better-than-expected production led to this outperformance. Precisely, overall volume came in at 301.3 thousand barrels of oil equivalent per day (MBOE/d), beating the Zacks Consensus Estimate of 299.6 M
Bausch Health (BHC) came out with quarterly earnings of $1.15 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.
Secure access service edge (SASE) is the new buzzword in the computer security world. The term SASE has recently been coined by Gartner and described as one of the most promising emerging technologies in enterprise networking.SASE, pronounced as “sassy”, is conceptually an a
LKQ Corporation LKQ is slated to release fourth-quarter 2019 results on Feb 20, before the opening bell. The Zacks Consensus Estimate for the quarter to be reported is earnings of 52 cents per share on revenues of $3 billion.
Domtar Corporation UFS has entered into an asset-purchase agreement with Appvion Operations, Inc. to acquire its Point of Sale (POS) paper business. Notably, the agreement includes the coater and related equipment located exclusively in the West Carrollton, OH facility and a lic
Now (DNOW) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of $0.02. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
MFA Financial, Inc. MFA is scheduled to report fourth-quarter and full-year 2019 results on Feb 20, before the opening bell. The company’s earnings are likely to reflect a year-over-year increase, while revenues might display a marginal decline.In the last reported quarter, th
Franklin Resources BEN, operating as Franklin Templeton, recently entered into an all-cash acquisition deal with Baltimore, MD-based Legg Mason LM, per which the former will acquire the latter for $50.00 per share of common stock. The combined entity will operate under the name
When considering valuation metrics, price-to-earnings ratio has always been the obvious choice. This is because calculations based on earnings are easy and come in handy. However, price-to-sales has emerged as a convenient tool to determine the value of stocks that are incurring
The Home Depot, Inc. HD seems to be on its toes to make the most of the spring season, its busiest selling period, with plans to employ more than 5,500 workers at its stores in Canada. The hiring will take place for available seasonal, part-time and full-time positions for overn
According to data analysis by Morgan Stanley (MS), production in China had only reached 30% to 50% of normal levels as of last week, leading MS to estimate that first-quarter GDP growth could slow to 3.5% if COVID-19 is not contained quickly enough.
U.S. stocks on Wednesday looked set to rise, as data showed a slowing in the spread of coronavirus in China while traders awaited the latest thinking from the Federal Reserve.
LendingClub Corporation’s LC fourth-quarter 2019 adjusted earnings of 8 cents per share surpassed the Zacks Consensus Estimate of 5 cents. Also, the bottom line reflects improvement from loss of 5 cents in the prior-year quarter.Results reflect rise in revenues and lower expen
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