Bel Fuse (NASDAQ:BELFB) Stock, Quote.Headers.trade-ideas

Bel Fuse

Bel Fuse Inc designs and manufactures electronic components that protect and connect electronic circuits. Its product portfolio is divided into three categories: magnetic solutions, power solutions & protection, and connectivity solutions. These products are used for the computer, networking, telecommunications, transportation and defense/aerospace, automotive, medical, and consumer electronics industries. Its geographical segments are the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and All other foreign countries. Majority of the revenue is derived from United States.

Movers

News

Intraday Update

Markets

Trading Ideas

BELFB

BTBT

EWTX

MBLY

MNSO

MSTR

NVDA

RZLV

TSLA

WULF

XPEV

Darden Restaurants Posts Q1 Results, Joins Tesla, Nvidia, XPeng And Other Big Stocks Moving Higher On Thursday

Price Target

Small Cap

Pre-Market Outlook

Analyst Ratings

AAOI

ALTR

FOXA

INTU

MODV

QTWO

RIVN

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Intuit To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Friday

Penny Stocks

AGRX

BZFD

DPRO

EAST

EFOI

ELAB

ETSY

GBNH

ALPS ETF Trusthen & Steers Global Realty Majors ETF

INDV

LCID

MNTS

RELY

ROOT

SNPX

Shares of  NVIDIA Corporation (NASDAQ: NVDA) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for the first quarter.

Why NVIDIA Shares Are Trading Higher By Around 14%; Here Are 20 Stocks Moving Premarket

Bel Fuse Inc

WIIM

AEVA

ANET

CALX

FLEX

GDDY

KEYS

LINK

PMTS

SHOP

SNOW

TWLO

ZBRA

Shares of companies within the broader technology sector are trading higher amid overall market strength following Wednesday's Fed rate cut.

U.S. stocks were higher, with the Dow Jones index surging around 400 points on Thursday.
Shares of Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) rose sharply during Thursday's session <a href="https://www.benzinga.com/quote/DRI/earnings">following first-quarter results.</a>
Darden reported quarterly earnings of $1.75 per share which missed the analyst consensus estimate of $1.83 per share. The company reported quarterly sales of $2.76 billion which missed the analyst consensus estimate of $2.80 billion.
Darden Restaurants shares surged 7.4% to $170.92 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) shares jumped 88.8% to $8.97. The company issued a PR applauding the recent announcement by Microsoft and BlackRock to invest $30 billion into AI infrastructure.</li>
<li>Edgewise Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) gained 37.7% to $26.26 after the company announced top-line data of EDG-7500 from the Phase 1 trial in healthy subjects and the single-dose arm of the Phase 2 CIRRUS-HCMtrial in patients with obstructive HCM.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares surged 13.4% to $13.17 after Intel reportedly said it does not have plans to divest a majority interest in the company.</li>
<li>Bel Fuse Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) shares rose 10.3% to $76.65. Bel announced an agreement to acquire Enercon Technologies.</li>
<li>TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) gained 10.3% to $4.48.</li>
<li>XCHG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCH#NASDAQ">XCH</a>) gained 10.2% to $20.25.</li>
<li>Bit Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) shares jumped 9.4% to $3.14. Shares of crypto-linked stocks traded higher after the Fed&#8217;s Wednesday decision to cut rates by 50 basis points.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) shares jumped 8.6% to $16.44.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) gained 7% to $26.73.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) climbed 7% to $141.91. Shares of crypto-linked stocks traded higher after the Fed&#8217;s Wednesday decision to cut rates by 50 basis points.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares rose 6.6% to $9.21. The company disclosed that XPENG Motors will showcase its latest technologies and solutions at the Paris Motor Show 2024 in October.</li>
<li>James Hardie Industries plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) gained 5.8% to $38.30.</li>
<li>Opthea Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPT#NASDAQ">OPT</a>) gained 5.4% to $3.70.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 4.3% to $236.88.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained 4% to $117.97.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40937841/jim-cramer-this-utilities-stock-is-a-buy-calls-wells-fargo-a-winner">Jim Cramer: This Utilities Stock Is A Buy, Calls Wells Fargo A &#8216;Winner&#8217;</a></li>
</ul>

Northland Capital Markets analyst Bobby Brooks upgrades Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) from Market Perform to Outperform and maintains the price target from $80 to $80.

Upgrades

Northland Capital Markets Upgrades Bel Fuse to Outperform, Maintains Price Target to $80

Northland Capital Markets analyst Bobby Brooks maintains Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) with a Market Perform and raises the price target from $63 to $80.

Northland Capital Markets Maintains Market Perform on Bel Fuse, Raises Price Target to $80

Needham analyst James Ricchiuti maintains Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) with a Buy and raises the price target from $68 to $79.

Needham Maintains Buy on Bel Fuse, Raises Price Target to $79

Bel Fuse shares are trading higher following a Q2 earnings beat.

Guidance

BELFA

Bel Fuse Sees Q3 Sales $118M-$126M Vs $130.177M

Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) reported quarterly earnings of $1.54 per share which beat the analyst consensus estimate of $0.93 by 65.59 percent. The company reported quarterly sales of $133.205 million which beat the analyst consensus estimate of $130.177 million by 2.33 percent. This is a 21.08 percent decrease over sales of $168.777 million the same period last year.

Earnings

Earnings Beats

Bel Fuse Q2 2024 Adj EPS $1.54 Beats $0.93 Estimate, Sales $133.205M Beat $130.177M Estimate

Needham analyst James Ricchiuti maintains Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) with a Buy and lowers the price target from $70 to $68.

Needham Maintains Buy on Bel Fuse, Lowers Price Target to $68

Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) reported quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $0.97 by 29.9 percent. This is a 15.44 percent decrease over earnings of $1.49 per share from the same period last year. The company reported quarterly sales of $128.090 million which missed the analyst consensus estimate of $128.647 million by 0.43 percent. This is a 25.68 percent decrease over sales of $172.344 million the same period last year.

Earnings Misses

Bel Fuse Q1 2024 Adj EPS $1.26 Beats $0.97 Estimate, Sales $128.090M Miss $128.647M Estimate

Making a noteworthy insider sell on March 15, Vincent Vellucci, Board Member at Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>), is reported in the latest SEC filing.
What Happened: After conducting a thorough analysis, Vellucci sold 1,000 shares of Bel Fuse. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000729580/000143774924007960//Archives/edgar/data/729580/000143774924007960/0001437749-24-007960-index.htm">U.S. Securities and Exchange Commission</a> on Friday. The total transaction value is $56,700.
At Friday morning, Bel Fuse shares are down by 1.17%, trading at $55.53.
<h3>All You Need to Know About Bel Fuse</h3>
Bel Fuse Inc designs and manufactures electronic components that protect and connect electronic circuits. Its product portfolio is divided into three categories: magnetic solutions, power solutions &amp; protection, and connectivity solutions. These products are used for the computer, networking, telecommunications, transportation and defense/aerospace, automotive, medical, and consumer electronics industries. Its geographical segments are the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and All other foreign countries. Majority of the revenue is derived from United States.
<h3>Bel Fuse: Delving into Financials</h3>
Revenue Growth: Bel Fuse's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -17.25%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 36.56%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Bel Fuse's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 0.95.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.24.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: Bel Fuse's P/E ratio of 10.18 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.12 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 6.97 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000729580">Check Out The Full List Of Bel Fuse's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Bel Fuse Insider Trades Send A Signal

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Jefferies cut the price target for ModivCare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modv#NASDAQ">MODV</a>) from $60 to $39. Jefferies analyst Brian Tanquilut downgraded the stock from Buy to Hold. ModivCare shares fell 2.8% to close at $43.87 on Thursday. <a href="https://www.benzinga.com/quote/MODV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS slashed Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>) price target from $24 to $8. UBS analyst Joseph Spak downgraded the stock from Buy to Sell. Rivian Automotive shares dipped 25.6% to close at $11.45 on Thursday. <a href="https://www.benzinga.com/quote/RIVN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan lowered the price target for Penumbra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pen#NYSE">PEN</a>) from $284 to $250. JP Morgan analyst Robbie Marcus downgraded the stock from Overweight to Neutral. Penumbra shares rose 1.7% to close at $262.68 on Thursday. <a href="https://www.benzinga.com/quote/PEN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B. Riley Securities lowered Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) price target from $22 to $16. B. Riley Securities analyst David Kang downgraded the stock from Buy to Neutral. Applied Optoelectronics shares gained 6% to close at $20.35 on Thursday. <a href="https://www.benzinga.com/quote/AAOI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler increased the price target for Intuit Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intu#NASDAQ">INTU</a>) from $642 to $750. Piper Sandler analyst Arvind Ramnani maintained an Overweight rating. Intuit shares gained 3.1% to close at $657.92 on Thursday. <a href="https://www.benzinga.com/quote/INTU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group boosted the price target for Floor &amp; Decor Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnd#NYSE">FND</a>) from $95 to $110. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Floor &amp; Decor shares gained 3.9% to close at $113.53 on Thursday. <a href="https://www.benzinga.com/quote/FND/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham cut Bel Fuse Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/belfb#NASDAQ">BELFB</a>) price target from $77 to $70. Needham analyst James Ricchiuti maintained a Buy rating. Bel Fuse shares fell 28.7% to close at $50.02 on Thursday. <a href="https://www.benzinga.com/quote/BELFB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity boosted Q2 Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qtwo#NYSE">QTWO</a>) price target from $40 to $55. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Q2 Holdings shares gained 9.9% to close at $45.98 on Thursday. <a href="https://www.benzinga.com/quote/QTWO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup boosted Fox Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxa#NASDAQ">FOXA</a>) price target from $34 to $35. Citigroup analyst Jason Bazinet upgraded the stock from Neutral to Buy. Fox shares fell 0.3% to close at $29.85 on Thursday. <a href="https://www.benzinga.com/quote/FOXA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt raised Altair Engineering Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/altr#NASDAQ">ALTR</a>) price target from $74 to $88. Rosenblatt analyst Blair Abernethy downgraded the stock from Buy to Neutral. Altair Engineering shares gained 3.4% to close at $89.86 on Thursday. <a href="https://www.benzinga.com/quote/ALTR/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/02/37279661/warner-bros-discovery-block-and-3-stocks-to-watch-heading-into-friday"> Warner Bros. Discovery, Block And 3 Stocks To Watch Heading Into Friday </a>

Needham analyst James Ricchiuti maintains Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) with a Buy and lowers the price target from $77 to $70.

Needham Maintains Buy on Bel Fuse, Lowers Price Target to $70

<h3>Gainers</h3>
<ul>
<li>CSP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSPI#NASDAQ">CSPI</a>) stock moved upwards by 45.8% to $49.15 during Thursday's regular session. The company's market cap stands at $238.7 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) stock increased by 35.0% to $2.7. The market value of their outstanding shares is at $28.9 million. </li>
<li>Mercurity Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) stock increased by 34.86% to $3.08. The company's market cap stands at $187.0 million. </li>
<li>Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock increased by 27.31% to $934.7. The market value of their outstanding shares is at $52.2 billion. </li>
<li>One Stop Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSS#NASDAQ">OSS</a>) shares rose 24.37% to $3.47. The company's market cap stands at $71.4 million. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) shares increased by 15.02% to $2.45. The market value of their outstanding shares is at $298.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) stock declined by 26.8% to $51.34 during Thursday's regular session. The company's market cap stands at $655.6 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock declined by 22.86% to $1.08. The market value of their outstanding shares is at $215.0 million. </li>
<li>Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFA#NASDAQ">BELFA</a>) stock decreased by 20.41% to $59.59. The company's market cap stands at $761.1 million. The company's, Q4 earnings came out yesterday. </li>
<li>CISO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) shares decreased by 14.92% to $0.11. The company's market cap stands at $20.0 million. </li>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) stock declined by 12.26% to $13.6. The market value of their outstanding shares is at $80.8 million. </li>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) stock decreased by 11.48% to $6.46. The company's market cap stands at $16.4 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CISO

CSPI

DTSS

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

IFBD

Nuveen California Dividend Advantage Municipal Fund 2

SMCI

12 Information Technology Stocks Moving In Thursday's Intraday Session

Bel Fuse shares are trading lower after the company reported worse-than-expected Q4 financial results.

<h3>Gainers</h3>
<ul>
<li>Lightwave Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LWLG#NASDAQ">LWLG</a>) stock increased by 22.2% to $5.29 during Thursday's pre-market session. The market value of their outstanding shares is at $618.3 million. </li>
<li>Olo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) shares moved upwards by 19.2% to $6.89. The market value of their outstanding shares is at $1.1 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares rose 17.54% to $2.01. The market value of their outstanding shares is at $131.3 million. </li>
<li>Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares moved upwards by 16.45% to $855.0. The company's market cap stands at $47.8 billion. </li>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) stock moved upwards by 15.87% to $2.25. The market value of their outstanding shares is at $83.4 million. </li>
<li>D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) stock increased by 15.38% to $2.1. The market value of their outstanding shares is at $335.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) shares declined by 16.9% to $58.27 during Thursday's pre-market session. The company's market cap stands at $744.2 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFA#NASDAQ">BELFA</a>) stock fell 11.31% to $66.4. The market value of their outstanding shares is at $848.0 million. The company's, Q4 earnings came out yesterday. </li>
<li>The9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCTY#NASDAQ">NCTY</a>) stock fell 10.93% to $5.3. The company's market cap stands at $25.1 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) stock fell 10.64% to $1.15. The market value of their outstanding shares is at $2.8 million. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) stock fell 10.46% to $1.7. The market value of their outstanding shares is at $44.9 million. </li>
<li>UTime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) stock fell 10.1% to $0.26. The market value of their outstanding shares is at $3.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARBB

DATS

LWLG

NCTY

QBTS

VERI

12 Information Technology Stocks Moving In Thursday's Pre-Market Session

Shares of NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) rose sharply in today&rsquo;s pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for the first quarter.
The company reported revenue of $22.10 billion, beating a Street estimate of $20.62 billion. Revenue in the fourth quarter was up 265% year-over-year. Nvidia reported fourth-quarter non-GAAP earnings per share of $5.16, which came in ahead of a Street consensus estimate of $4.64 according to data from Benzinga Pro.
NVIDIA shares surged 14.3% to $771.50 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Agile Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agrx#NASDAQ">AGRX</a>) gained 140.4% to $2.38 in pre-market trading. Agile Therapeutics was granted extension by Nasdaq Hearings Panel to regain compliance until March 25, 2024. The company sees FY23 revenue of $20 million to $21 million.</li>
<li>BuzzFeed, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bzfd#NASDAQ">BZFD</a>) shares surged 89.6% to $0.4145 in pre-market trading after the company revealed the sale of Complex Networks to NTWRK, a live-streaming video commerce platform. The deal, valued at $108.6 million, will also result in a 16% reduction in BuzzFeed&rsquo;s workforce.</li>
<li>Elevai Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elab#NASDAQ">ELAB</a>) shares rose 57.4% to $1.21 in pre-market trading. Braeden Lichti reported a 22.07% stake in Elevai Labs.</li>
<li>GRI Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gri#NASDAQ">GRI</a>) shares jumped 55% to $1.50 in pre-market trading. GRI Bio recently announced pricing of a $5.5 million public offering.</li>
<li>Eastside Distilling, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/east#NASDAQ">EAST</a>) shares rose 38% to $1.32 in pre-market trading.</li>
<li>Root, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) shares gained 24.4% to $10.78 in pre-market trading after posting better-than-expected fourth-quarter results.</li>
<li>Beamr Imaging Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmr#NASDAQ">BMR</a>) gained 21.7% to $12.34 in pre-market trading after dipping 18% on Wednesday.</li>
<li>Remitly Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rely#NASDAQ">RELY</a>) shares rose 21% to $21.40 in pre-market trading after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Indivior PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indv#NASDAQ">INDV</a>) gained 16.7% to $20.43 in pre-market trading following fourth-quarter results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Draganfly Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dpro#NASDAQ">DPRO</a>) fell 50.8% to $0.1770 in pre-market trading after the company announced pricing of $3.6 million underwritten public offering.</li>
<li>Synaptogenix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snpx#NASDAQ">SNPX</a>) shares fell 21.2% to $0.2093 in pre-market trading after surging 29% on Wednesday. Synaptogenix received a Notice of Allowance for its U.S. Patent application 17/665,033 titled &quot;Halogenated Esters of Cyclopropanated Unsaturated Fatty Acids for Use in the Treatment of Neurodegenerative Diseases.&quot;</li>
<li>Bel Fuse Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/belfb#NASDAQ">BELFB</a>) dipped 20.1% to $55.99 in pre-market trading after posting weaker-than-expected quarterly results.</li>
<li>Greenbrook TMS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbnh#NASDAQ">GBNH</a>) shares fell 18.7% to $0.3110 after jumping 94% on Wednesday.</li>
<li>Momentus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnts#NASDAQ">MNTS</a>) shares dipped 18.3% to $0.5636 in pre-market trading after declining around 7% on Wednesday.</li>
<li>Visionary Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gv#NASDAQ">GV</a>) shares fell 15% to $0.17 in pre-market trading.</li>
<li>Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>) fell 14.2% to $13.20 in pre-market trading after the company reported a wider-than-expected loss for its fourth quarter and announced plans to reduce its salaried workforce by around 10% to help further improve costs. The company said it sees production of 57,000 vehicles in 2024.</li>
<li>Energy Focus, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/efoi#NASDAQ">EFOI</a>) fell 12.7% to $2.00 in pre-market trading after gaining around 66% on Wednesday.</li>
<li>Etsy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etsy#NASDAQ">ETSY</a>) fell 11.3% to $68.44 in pre-market trading after the company reported mixed fourth-quarter financial results.</li>
<li>Lucid Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcid#NASDAQ">LCID</a>) shares fell 8.2% to $3.40 in pre-market trading after the company reported mixed fourth-quarter financial results and issued guidance.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37253951/nvidia-keurig-dr-pepper-and-3-stocks-to-watch-heading-into-thursday"> NVIDIA, Keurig Dr Pepper And 3 Stocks To Watch Heading Into Thursday</a>

Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) reported quarterly earnings of $1.37 per share which missed the analyst consensus estimate of $1.38 by 0.72 percent. The company reported quarterly sales of $140.01 million which missed the analyst consensus estimate of $150.50 million by 6.97 percent. This is a 17.25 percent decrease over sales of $169.20 million the same period last year.

Bel Fuse Q4 2023 Adj EPS $1.37 Misses $1.38 Estimate, Sales $140.01M Miss $150.50M Estimate

ACVA

ALIT

AMSF

ANSS

ATNI

BALY

BLCO

BRDG

BROS

BRSP

CAKE

CCAP

CCRN

CCSI

CENX

CHDN

CHRD

CNNE

COKE

CSTE

CSTM

DINO

DOCN

ECPG

ERII

ESEA

EXAS

FIVN

GATO

GKOS

GLBE

GOOD

GRMN

GSHD

ICLR

INSG

IONS

JACK

JOBY

KALU

LANV

LIVN

LUNG

MATV

MGRC

MTLS

NDSN

NEXA

NGVT

NOVA

NVRO

NYMT

OBDC

Earnings Scheduled For February 21, 2024

Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement.
Analysts estimate that Bel Fuse will report an earnings per share (EPS) of $1.41. 
Bel Fuse bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.41, which was followed by a 24.38% increase in the share price the next day.
Here's a look at Bel Fuse's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.27</td>
<td>1.23</td>
<td>0.80</td>
<td>1.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.68</td>
<td>1.99</td>
<td>1.49</td>
<td>1.35</td>
</tr>
<tr>
<td>Price Change %</td>
<td>24.38%</td>
<td>-3.04%</td>
<td>21.16%</td>
<td>-11.55%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708452101_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Bel Fuse were trading at $73.91 as of February 19. Over the last 52-week period, shares are up 82.41%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/BELFB/earnings">To track all earnings releases for Bel Fuse visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Bel Fuse's Earnings Outlook

Bel Fuse Q2 2024 Earnings Preview

Notable earnings after Wednesday's close

Bel Fuse reports Q2 results

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Bel Fuse (NASDAQ:<a href="https://investorplace.com/stock-quotes/belfb-stock-quote/">BELFB</a>) just reported results for the second quarter of 2024.<ul><li>Bel Fuse reported earnings per share of $1.54. This was above the analyst estimate for EPS of 93 cents.</li><li>The company reported revenue of $133.21 million.</li><li>This was 2.32% better than the analyst estimate for revenue of $130.18 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/belfb-stock-earnings-bel-fuse-for-q2-of-2024/">BELFB Stock Earnings: Bel Fuse Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

BELFB Stock Earnings: Bel Fuse Beats EPS, Beats Revenue for Q2 2024

Bel Fuse Inc. (BELFB) Q2 2024 Earnings Call Transcript

Greystone Capital Q2 2024 Letter To Clients

Bel Fuse declares $0.07 dividend

Bel Fuse Stock: Inventory Issues Persist (Rating Downgrade)

Bel Fuse: Still Undervalued, Even After The Stock's Strong Run

Bel Fuse to buy majority stake in Enercon Technologies

AAUKF

ALGN

ASGN

CASH

CVLG

ENIC

EPRT

ESRT

HESAY

MFCSF

ORLY

PEGA

PLXS

PTEN

RBBN

RELL

SEIC

SPGYF

SPOK

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Bel Fuse

Bel Fuse (BELFB) Forecast

Bel Fuse (NASDAQ:BELFB) Stock, Quote.Headers.trade-ideas