Benzinga
Search documents
Why Are Rackspace Technology Shares Surging Friday? - Rackspace Technology (NASDAQ:RXT)
Benzinga· 2026-02-20 17:06
Rackspace Technology, Inc. (NASDAQ:RXT) is pushing higher on Friday. Nasdaq index is up 0.93% while S&P 500 is up 0.53%.On Wednesday’s the company announced of a strategic partnership with data-giant Palantir Technologies, Inc. (NASDAQ:PLTR) , designed to accelerate deployment of Palantir’s Foundry and Artificial Intelligence Platform (AIP). Under the deal, Rackspace will host Palantir’s software within its Private Cloud and UK Sovereign data centers, targeting highly regulated industries wary of the public ...
These Analysts Increase Their Forecasts On Yeti After Strong Q4 Results
Benzinga· 2026-02-20 17:05
Financial Performance - YETI Holdings reported quarterly earnings of 92 cents per share, exceeding the analyst consensus estimate of 88 cents per share [1] - The company achieved quarterly sales of $583.708 million, surpassing the analyst consensus estimate of $582.455 million [1] - For FY2026, YETI expects adjusted EPS in the range of $2.77-$2.83, compared to market estimates of $2.83 [1] - YETI anticipates sales between $1.980 billion and $2.017 billion, against estimates of $1.975 billion [1] Management Commentary - Matt Reintjes, President and CEO, stated that Q4 was the strongest quarter of the year, highlighting solid demand and effective execution by the teams [2] - The company’s strategy developed over the past few years is reflected in the positive numbers and outlook [2] Stock Performance and Analyst Ratings - Following the earnings announcement, YETI shares rose 0.1% to trade at $47.10 [2] - B. Riley Securities analyst upgraded YETI Holdings from Neutral to Buy, raising the price target from $35 to $54 [3] - Baird analyst maintained an Outperform rating on the stock and increased the price target from $52 to $54 [3]
SolarEdge Stock Is Surging: What's Going On Today?
Benzinga· 2026-02-20 17:02
SolarEdge Technologies stock is surging to new heights today. What’s driving SEDG stock higher?SolarEdge Outperforms Tech Sector With Bullish TrendsToday, SolarEdge Technologies is putting in a strong performance, easily outpacing much of the technology sector, which is up 0.59%. The move also lines up with broader market strength, with both the Nasdaq and S&P 500 trading higher. The stock's momentum appears to be driven by improving technical signals and a renewed wave of bullish sentiment across tech.Sola ...
Price Over Earnings Overview: ING Groep - ING Groep (NYSE:ING)
Benzinga· 2026-02-20 17:00
Core Viewpoint - ING Groep Inc. has shown significant stock performance, with a 72.51% increase over the past year, leading to optimism among long-term shareholders, while concerns about potential overvaluation arise from the price-to-earnings (P/E) ratio analysis [1]. Group 1: Stock Performance - The current trading price of ING Groep Inc. is $29.59, reflecting a 1.91% increase in the current session [1]. - Over the past month, the stock has increased by 3.34% [1]. - The stock has experienced a substantial increase of 72.51% over the past year [1]. Group 2: P/E Ratio Analysis - The P/E ratio is a critical metric for investors, comparing the current share price to the company's earnings per share (EPS) [2]. - A higher P/E ratio may indicate that investors expect better future performance, potentially suggesting overvaluation, but it can also reflect investor confidence in future earnings and dividends [2]. - ING Groep has a lower P/E ratio compared to the aggregate P/E of 15.82 for the Banks industry, which may suggest that the stock is undervalued despite the potential for underperformance relative to peers [3].
Why Are Hycroft Mining Shares Surging On Friday? - Hycroft Mining Holding (NASDAQ:HYMC)
Benzinga· 2026-02-20 17:00
Core Viewpoint - Hycroft Mining Holding Corp is experiencing a volatile week driven by a significant resource update and changing macroeconomic conditions [1] Group 1: Short Interest - Short interest in Hycroft Mining increased from 4.94 million to 6.92 million shares, resulting in a short float of 13.69% of publicly available shares [2] - With an average daily volume of 7.23 million shares, it would take approximately one day for short holders to cover their positions without significantly impacting the stock price [2] Group 2: Resource Growth - Hycroft reported a 55% growth in both gold and silver Measured and Indicated Mineral Resources, totaling 16.4 million ounces of gold and 562.6 million ounces of silver [3] - The company also announced an initial high-grade silver resource of 90.2 million ounces [3] Group 3: Metallurgical Test Results - Metallurgical tests showed gold recoveries of 83% and silver recoveries of 78% through pressure oxidation, with flotation recoveries of 89.5% for gold and 92.9% for silver [4] - The company is evaluating a roasting process that could create an additional revenue stream through by-product sulfuric acid production [4] Group 4: Macro Environment - Gold prices approached $5,040 per ounce, while silver prices increased by about 4% to trade above $80.5 per ounce, driven by rising geopolitical tensions and changing U.S. macroeconomic expectations [5] Group 5: Market Performance - Hycroft Mining Holding shares were up 7.01% at $45.10, significantly outperforming the broader market [6]
Tandem Diabetes Care Analysts Boost Their Forecasts After Upbeat Q4 Results - Tandem Diabetes Care (NASDAQ:TNDM)
Benzinga· 2026-02-20 16:58
Tandem Diabetes Care, Inc. (NASDAQ:TNDM) reported better-than-expected fourth-quarter financial results on Thursday.Tandem Diabetes Care reported quarterly losses of 1 cent per share which beat the analyst consensus estimate of losses of 8 cents per share. The company reported quarterly sales of $290.400 million which beat the analyst consensus estimate of $277.029 million.Tandem Diabetes Care said it sees FY2026 sales of $1.065 billion to $1.085 billion, versus market estimates of $1.103 billion.“2025 was ...
What's Behind The Dip In Interactive Strength Stock?
Benzinga· 2026-02-20 16:58
Core Insights - The recent volatility and share price decline of Interactive Strength have been influenced by negative statements from competitor Sportstech [1] Group 1: Acquisition and Financial Impact - The acquisition of Ergatta is seen as a strategic move that could improve Interactive Strength's financial health, with expectations of over $30 million in pro forma revenue for 2026 [2] - This acquisition is intended to enhance product offerings and market reach, providing a stronger platform for growth and profitability [2] Group 2: Synergies and Profitability - The merger with Ergatta is expected to synergize with Interactive Strength's existing portfolio, particularly after the successful integration of Wattbike [3] - The combination of these brands is projected to accelerate the path to profitability, which is crucial for stabilizing financials and reassuring investors [3] Group 3: Market Challenges and Strategic Focus - Despite challenges from a reverse stock split, strategic acquisitions and efforts to counteract negative market forces are essential for the company [4] - The focus remains on growth through strategic mergers and compliance with market regulations to ensure long-term sustainability and shareholder value [4] Group 4: Share Price Performance - Interactive Strength shares experienced a significant decline of 44.32%, trading at $0.24 at the time of publication [5]
Tandem Diabetes Care Analysts Boost Their Forecasts After Upbeat Q4 Results
Benzinga· 2026-02-20 16:58
Tandem Diabetes Care, Inc. (NASDAQ:TNDM) reported better-than-expected fourth-quarter financial results on Thursday.Tandem Diabetes Care reported quarterly losses of 1 cent per share which beat the analyst consensus estimate of losses of 8 cents per share. The company reported quarterly sales of $290.400 million which beat the analyst consensus estimate of $277.029 million.Tandem Diabetes Care said it sees FY2026 sales of $1.065 billion to $1.085 billion, versus market estimates of $1.103 billion.“2025 was ...
Occidental Petroleum Stock Slips Friday: What's Going On?
Benzinga· 2026-02-20 16:55
Core Insights - Occidental Petroleum reported fourth-quarter earnings with adjusted earnings per share of 31 cents, exceeding the consensus estimate of 18 cents [2] - The company achieved total production of 1,481 thousand barrels of oil equivalent per day, surpassing guidance [2] - Occidental's principal debt is now around $15 billion, allowing for an over 8% increase in its quarterly dividend to 26 cents per share [4] Financial Performance - The adjusted earnings per share of 31 cents beat expectations, indicating strong financial performance [2] - Midstream and marketing pre-tax adjusted income also outperformed expectations, contributing to a positive earnings report [2] Market Dynamics - Geopolitical tensions involving Iran have kept crude prices elevated, which typically benefits oil stocks [3] - Reports suggest Kinetik Holdings is considering a sale after interest from Occidental-backed Western Midstream Partners, potentially influencing market sentiment [3] Strategic Focus - Occidental is focusing on debt reduction while doubling down on core oil and gas operations, particularly in the Permian Basin [5] - Berkshire Hathaway remains a significant stakeholder, holding approximately 28% of Occidental [5] Stock Performance - Occidental is trading 12.4% above its 20-day simple moving average and 20% above its 100-day SMA, indicating strong short-term and long-term strength [6] - The stock has decreased by 1.37% over the past 12 months but is closer to its 52-week highs than lows, reflecting a solid recovery trajectory [6] Technical Indicators - The RSI is at 71.58, indicating the stock is in overbought territory, while the MACD shows a bullish signal with a value of 1.3818 [7] - This combination suggests bullish momentum supporting the stock's price action despite being overbought [7] Current Price Action - Occidental Petroleum shares were down 1.57% at $50.72, approaching its 52-week high of $52.58 [8] - Key resistance is identified at $52.50, with key support at $42.00 [8]
Nasdaq Gains 1%; PPL Posts In-Line Q4 Earnings
Benzinga· 2026-02-20 16:52
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Friday.The Dow traded up 0.27% to 49,526.91 while the NASDAQ rose 1.03% to 22,917.24. The S&P 500 also rose, gaining, 0.62% to 6,904.13.Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 EarningsLeading and Lagging SectorsCommunication services shares gained by 2.3% on Friday.In trading on Thursday, health care stocks fell by 0.7%.Top HeadlinePPL Corporation (NYSE:PPL) repor ...