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Nasdaq Falls Over 1%; Alphabet Posts Upbeat Earnings
Benzinga· 2025-10-30 14:01
Market Overview - U.S. stocks traded mostly lower, with the Nasdaq Composite falling more than 1% on Thursday [1] - The Dow increased slightly by 0.03% to 47,644.08, while the S&P 500 dropped 0.63% to 6,847.40 [1] Company Financials - Alphabet Inc. reported third-quarter revenue of $102.35 billion, exceeding analyst estimates of $99.64 billion [2] - The company also reported earnings of $2.87 per share, surpassing estimates of $2.33 per share [2] Sector Performance - Financial shares increased by 0.5% on Thursday [1] - Communication services stocks fell by 2.3% [1] Commodity Prices - Oil prices decreased by 1% to $59.89, while gold fell by 0.6% to $3,977.50 [5] - Silver prices increased by 0.1% to $47.915, and copper prices dropped by 3.2% to $5.0955 [5] International Markets - European shares were lower, with the eurozone's STOXX 600 slipping 0.5% [6] - Asian markets closed mostly lower, with Japan's Nikkei 225 gaining slightly by 0.04% [7] Notable Stock Movements - Intensity Therapeutics, Inc. shares surged 175% to $0.7408 following the publication of clinical results [8] - Cambium Networks Corporation shares rose 85% to $5.46 after announcing integration with Starlink [8] - CPI Aerostructures, Inc. shares increased by 90% to $4.4798 after receiving an order from Raytheon [8] - CERo Therapeutics Holdings, Inc. shares dropped 82% to $0.3200 due to a Nasdaq listing denial [8] - Aditxt, Inc. shares fell 44% to $0.0643 after announcing a reverse stock split [8] - FMC Corporation shares decreased by 41% to $17.22 after lowering FY2025 earnings guidance [8]
Crude Oil Gains Over 1%; Boeing Shares Fall After Q3 Results
Benzinga· 2025-10-29 16:20
Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite gaining over 100 points on Wednesday. The Dow increased by 0.58% to 47,983.30, the NASDAQ rose by 0.44% to 23,931.25, and the S&P 500 gained 0.18% to 6,903.20 [1] - Information technology shares saw a notable increase of 1.2%, while real estate stocks declined by 1.4% [1] Company Performance - Boeing Company reported a wider third-quarter loss, with an adjusted loss per share of $7.47, missing the estimate of $5.15. However, revenue increased by 30% year-over-year to $23.27 billion, surpassing the consensus of $21.97 billion [2] - Cambium Networks Corp shares surged by 189% to $1.7899 following the integration of its Cambium ONE Network solution with Starlink satellite Internet services [9] - Flowserve Corporation's shares rose by 27% to $66.72 after reporting strong quarterly earnings [9] - ProPetro Holding Corp. shares increased by 37% to $9.99 after better-than-expected quarterly financial results [9] - Fiserv, Inc. shares dropped by 41% to $74.40 due to weaker-than-expected third-quarter results and a lowered FY2025 adjusted EPS guidance [9] - Stride Inc shares fell by 49% to $78.66 after providing second-quarter sales guidance below analyst estimates [9] - Varonis Systems Inc shares decreased by 46% to $33.90 after reporting third-quarter revenue below estimates and providing fourth-quarter guidance below expectations [9] Commodity Market - In commodity news, oil prices increased by 1.3% to $60.91, gold rose by 1.1% to $4,028.00, silver gained 1.9% to $48.215, and copper rose by 1.2% to $5.2330 [5]
Dow Surges 250 Points; Verizon Posts Mixed Q3 Results - Cambium Networks (NASDAQ:CMBM), Advent Technologies Hldgs (NASDAQ:ADN)
Benzinga· 2025-10-29 13:57
Market Overview - U.S. stocks traded higher, with the Dow Jones index gaining approximately 250 points, up 0.55% to 47,970.89, NASDAQ rose 0.65% to 23,982.73, and S&P 500 increased by 0.33% to 6,913.53 [1] - Asian markets closed higher, with Japan's Nikkei 225 surging 2.17%, China's Shanghai Composite gaining 0.70%, and India's BSE Sensex up 0.44% [6] - European shares were mixed, with the eurozone's STOXX 600 gaining 0.1%, while Germany's DAX 40 fell 0.3% and France's CAC 40 decreased by 0.2% [5] Company Financials - Verizon Communications reported mixed third-quarter results, with a revenue growth of 1.5% year-over-year, reaching $33.8 billion, which missed the analyst consensus estimate of $34.3 billion. Adjusted EPS was $1.21, exceeding the consensus estimate of $1.19 [2] Commodity Prices - In commodity news, oil traded up 0.3% to $60.31, gold increased by 1% to $4,022.90, silver rose 1.6% to $48.075, and copper was up 1% to $5.2205 [4] Stock Movements - Cambium Networks Corp shares surged 209% to $1.91 after announcing integration with Starlink satellite Internet services [8] - Purple Biotech Ltd shares increased 118% to $1.27 following the achievement of a commercially viable yield for IM1240 [8] - Founder Group Ltd shares rose 54% to $0.69 [8] - Advent Technologies Holdings Inc shares dropped 51% to $1.33 [8] - Stride Inc shares fell 47% to $82.04 after providing second-quarter sales guidance below analyst estimates [8] - Varonis Systems Inc shares decreased 44% to $35.14 after reporting third-quarter revenue below estimates and providing fourth-quarter guidance below expectations [8] Economic Indicators - U.S. mortgage application volume jumped by 7.1% from the previous week in the period ending October 17 [7]
Dow Surges 250 Points; Verizon Posts Mixed Q3 Results
Benzinga· 2025-10-29 13:57
Market Overview - U.S. stocks traded higher, with the Dow Jones index gaining approximately 250 points, up 0.55% to 47,970.89, NASDAQ rose 0.65% to 23,982.73, and S&P 500 increased by 0.33% to 6,913.53 [1] - Asian markets closed higher, with Japan's Nikkei 225 surging 2.17%, China's Shanghai Composite gaining 0.70%, and India's BSE Sensex up 0.44% [6] - European shares were mixed, with the eurozone's STOXX 600 gaining 0.1%, while Germany's DAX 40 fell 0.3% and France's CAC 40 fell 0.2% [5] Company Financials - Verizon Communications reported mixed third-quarter results, with revenue growth of 1.5% year-over-year to $33.8 billion, missing analyst estimates of $34.3 billion, while adjusted EPS of $1.21 exceeded the consensus estimate of $1.19 [2] Commodity Prices - In commodity news, oil traded up 0.3% to $60.31, gold increased by 1% to $4,022.90, silver rose 1.6% to $48.075, and copper was up 1% to $5.2205 [4] Stock Movements - Cambium Networks Corp shares surged 209% to $1.91 after announcing integration with Starlink satellite Internet services [8] - Purple Biotech Ltd shares increased 118% to $1.27 following the achievement of a commercially viable yield for IM1240 [8] - Advent Technologies Holdings Inc shares dropped 51% to $1.33, while Stride Inc shares fell 47% to $82.04 due to second-quarter sales guidance below estimates [8] - Varonis Systems Inc shares fell 44% to $35.14 after reporting third-quarter revenue below estimates [8] Economic Indicators - U.S. mortgage application volume jumped by 7.1% from the previous week for the period ending October 17 [7]
Cambium Networks Integrates with Starlink for Enterprise-Grade Service Delivery
Prnewswire· 2025-10-29 09:00
Core Insights - Cambium Networks has announced the integration of its Cambium ONE Network solution with Starlink satellite Internet services, enhancing centralized management, multi-WAN optimization, and security for Starlink deployments [1][2]. Group 1: Integration Benefits - The integration provides enterprise-grade services to networks connected to Starlink, improving security, traffic intelligence, and multi-WAN scalability for businesses, schools, and service providers relying on satellite broadband [2]. - Cambium's NSE platform enhances network manageability, security, and adaptability, addressing WAN bandwidth variability and network latency in business-grade networks [3][5]. Group 2: Key Features of the Integration - Multi-WAN Starlink Support allows for bandwidth aggregation and failover, improving manageability [7]. - Centralized monitoring via cnMaestro Cloud offers full visibility of dish alignment, latency, and throughput metrics, along with remote reboot capabilities [7]. - Adaptive Queue Management (AQM) ensures low latency for real-time applications, maintaining stability during congestion [7]. - An Application-Aware Firewall provides granular policy control over applications and bandwidth, preserving Starlink bandwidth for critical uses [7]. - DNS Filtering for educational and public networks ensures compliance with CIPA, safeguarding users with over 80 content categories [7]. - Firewall Enforcement restricts dish management to authorized administrators, preventing unauthorized changes [7].