Latest News for Iomart Group Stock (OTC:IMRTF)

Iomart Group PLC is engaged in the provision of managed cloud services. The company's reportable segment includes Easyspace and Cloud Services. The Cloud Services segment provides managed cloud computing facilities and services, through a network of owned data centers to the larger SME and corporate markets. The Easyspace segment provides a range of shared hosting and domain registration services to micro and SME companies. It generates maximum revenue from the Cloud Services segment. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in the Rest of the World.

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Predictive Oncology shares are trading higher after the company announced that it entered into a collaboration and co-marketing agreement with FUJIFILM Wako Chemicals U.S.A. to reduce protein interference in bacterial endotoxin testing of biopharmaceutical products.

JP Morgan analyst Stephen Tusa maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Underweight and raises the price target from $350 to $360.

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JP Morgan Maintains Underweight on Lennox Intl, Raises Price Target to $360

<a href="https://www.reuters.com/markets/deals/anglo-american-does-not-find-bhp-39-bln-offer-attractive-sources-say-2024-04-25/#:~:text=LONDON%2C%20April%2025%20(Reuters),investors%20dismissed%20it%20as%20opportunistic.">https://www.reuters.com/markets/deals/anglo-american-does-not-find-bhp-39-bln-offer-attractive-sources-say-2024-04-25/#:~:text=LONDON%2C%20April%2025%20(Reuters),investors%20dismissed%20it%20as%20opportunistic.</a>
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Anglo American does not consider a proposed $39 billion takeover offer from BHP Group as attractive, two sources told Reuters, as some large investors dismissed it as opportunistic.
BHP on Thursday offered <a href="https://www.reuters.com/markets/deals/bhp-considering-potential-buyout-offer-anglo-american-bloomberg-reports-2024-04-24/">Anglo's shareholders</a> 25.08 pounds ($31.39) per share, or $38.8 billion, a premium of 31% to the market close on Wednesday. It would take over Anglo after a spin-off of two assets.
Speaking on condition of anonymity because the matter is private, one of the sources said the offer did not address the complexities of demerging the Anglo American Platinum and Kumba Iron Ore businesses in South Africa.
BHP has until May 22 to come back with a binding bid, but Anglo's board will give a formal response in the coming days.
For now, Anglo, which has a market value of $36.7 billion, said it would be reviewing the offer, without elaborating.
The proposed tie-up would create a group with around one tenth of the global output of copper, which is in demand for its use in electric vehicles and new technologies, such as automation and artificial intelligence.
BHP has made the offer as the company continues a strategic <a href="https://www.reuters.com/markets/commodities/anglo-american-full-year-profit-plunges-by-94-2024-02-22/">review</a> of its assets started in February in response to a 94% fall in annual profit and a series of writedowns caused by to lower commodity demand.
One of the source said Anglo American's management was continuing "full steam ahead" with the review.

"Anglo American Does Not Find BHP $39B Offer Attractive, Sources Say" - Reuters News

RBC Capital analyst Arun Viswanathan maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Outperform and lowers the price target from $380 to $370.

RBC Capital Maintains Outperform on Sherwin-Williams, Lowers Price Target to $370

Thursday,&nbsp;Bristol Myers Squibb &amp; Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) posted first-quarter revenues of $11.9 billion, beating the consensus of $11.5 billion, an increase of 5% year-over-year, or 6% when adjusted for foreign exchange impacts, primarily driven by Eliquis,&nbsp;Reblozyl, and Opdualag,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38426021/bristol-myers-squibb-reports-first-quarter-financial-results-for-2024" rel="noreferrer noopener">partially offset by Opdivo and Revlimid</a>.
Growth Portfolio worldwide revenues increased to&nbsp;$4.8 billion, up 8% or 11% when adjusted for foreign exchange impacts.&nbsp;
This increase was primarily driven by higher demand for&nbsp;Reblozyl, Opdualag, Yervoy, Camzyos,&nbsp;and&nbsp;Sotyktu,&nbsp;partially offset by&nbsp;Opdivo&nbsp;and&nbsp;Abecma.
Revenues for the Legacy Portfolio in the first quarter were&nbsp;$7.1 billion, primarily driven by a 9% increase in&nbsp;Eliquis&nbsp;worldwide revenues on a reported basis and, when adjusted for foreign exchange impacts, partially offset by a decline in&nbsp;Revlimid&nbsp;worldwide revenues of 5%, or 4%.
The company reported an adjusted EPS loss of $(4.40), compared to an income of&nbsp;$2.05 a year&nbsp;ago, beating the consensus loss of $(4.44).
Also&nbsp;Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/04/38143938/bristol-myers-14b-bet-on-schizophrenia-drug-cuts-symptoms-without-common-side-effect-of-weight-ga" rel="noreferrer noopener">Bristol Myers&#8217; $14B Bet On Schizophrenia &#8211; Drug Cuts Symptoms Without Common Side Effect Of Weight Gain Associated With Other&nbsp;Antipsychotics</a>
Bristol Myers Squibb also said it is executing a productivity initiative to drive approximately&nbsp;$1.5 billion&nbsp;in cost savings by the end of 2025.&nbsp;
The WSJ noted that Bristol Myers Squibb will shed 2,200 employees as a part of the cost-cutting program.
William Blair&nbsp;says Reblozyl stood out among new product launches in the quarter, generating $354 million in sales, slightly exceeding their estimated $349 million.&nbsp;
However, investors are primarily concerned about the overall performance of the new product portfolio, which fell short of expectations.
The analyst suggests that revealing the favorable Phase II outcomes of Opdualag in non-small-cell lung cancer could signify a significant shift in the storyline. The press release highlights the commencement of the Phase 3 trial in a crucial&nbsp;sector of the disease&nbsp;in 2024.
Guidance:&nbsp;Bristol Myers Squibb revises 2024 adjusted EPS guidance from $7.10-$7.40 to $0.40-$0.70 versus consensus of $0.66, reflecting the impact of recent transactions.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/04/38114915/fda-approves-bristol-myers2seventy-bios-abecma-for-earlier-use-in-pretreated-blood-cancer-patient" rel="noreferrer noopener">FDA Approves Bristol-Myers/2seventy Bio&#8217;s Abecma For Earlier Use In Pretreated Blood Cancer Patients With Updated Boxed Warning On Secondary Cancer</a>.
Price Action: BMY shares are down 8.12% at $44.90 at the last check Thursday.
Photo via Shutterstock

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Bristol Myers Squibb Swings To Quarterly Loss, After String Of Multi-Billion Acquisitions

JP Morgan analyst Harlan Sur maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Overweight and raises the price target from $900 to $950.

LRCX

JP Morgan Maintains Overweight on Lam Research, Raises Price Target to $950

Northrop Grumman Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) reported&nbsp;first-quarter fiscal 2024&nbsp;sales growth of 9% year-over-year to $10.133 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38425743/northrop-grumman-releases-first-quarter-2024-financial-results" rel="noreferrer noopener">beating the consensus of $9.771 billion.</a>
First-quarter EPS was $6.32 compared to $5.50 a year ago,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of $5.74.</a>
&#8220;Robust global defense spending and our strong backlog, along with expanding margins, continue to support our multi-year outlook for free cash flow growth,&#8221; commented Kathy Warden, chair, chief executive officer, and president.
Sales by segments: Aeronautics Systems $2.97 billion (+18% Y/Y), Defense Systems $1.41 billion (+3% Y/Y), Mission Systems $2.66 billion (+4% Y/Y), and Space Systems $3.65 billion (+9% Y/Y).
Segment operating income rose 10% Y/Y to $1.1 billion, and margin expanded by&nbsp;10&nbsp;bps to 10.9%. Total operating margin expanded by 40 bps to 10.6%.
NOC&#8217;s first-quarter net awards totaled $6.5 billion, and its backlog totaled $78.9 billion. Significant&nbsp;first quarter&nbsp;new awards include $3.1 billion for restricted programs.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/04/38321271/northrop-grumman-and-elon-musks-spacex-forge-alliance-for-us-spy-satellite-initiative" rel="noreferrer noopener">Northrop Grumman And Elon Musk&#8217;s SpaceX Forge Alliance for US Spy Satellite Initiative</a>
The company&#8217;s operating cash used in operating activities for the quarter totaled $(706) million (-1% Y/Y), and free cash outflow stood at $(976) million (+3% Y/Y).
Northrop Grumman returned $1.5 billion to investors via dividends and share repurchases and expects greater than $2 billion in 2024 share repurchases.&nbsp;&nbsp;
Fiscal 2024 Outlook, reaffirmed:&nbsp;Northrop Grumman sees sales of $40.8 billion – $41.2 billion versus the consensus of $41.11 billion; The company sees MTM-adjusted EPS of $24.45-$24.85 (consensus $24.65).
It sees Segment operating income of $4.475 billion-$4.55 billion and an adjusted free cash flow of $2.25 billion-$2.65 billion for 2024.
Price Action: NOC shares traded higher by 1.56% at $481.98 at the last check Thursday.
Photo via Wikimedia Commons

Equities

Northrop Grumman Reaffirms 2024 Guidance Post Double-Digit Earnings Growth In Q1: Details

RBC Capital analyst Jon Arfstrom maintains SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) with a Outperform and raises the price target from $24 to $25.

RBC Capital Maintains Outperform on SLM, Raises Price Target to $25

Shares of Strategic Education Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRA#NASDAQ">STRA</a>) are trading higher after the company reported first-quarter 2024 sales growth of 13.1% year-on-year to $290.3 million, <a href="https://www.benzinga.com/pressreleases/24/04/b38425092/strategic-education-inc-reports-first-quarter-2024-results">beating the analyst's consensus estimate of $273.635 million.</a>
Total costs and expenses fell 3.6% year-over-year to $248.9 million.
The operating margin was 14.2%, and operating income for the quarter was $41.4 million compared to an operating loss of $1.3 million last year. Adjusted operating income margin expanded 920 basis points to 13.9%.
Adjusted EBITDA was $54.3 million versus $27.2 million last year.
Adjusted EPS of $1.11 <a href="https://www.benzinga.com/calendars/earnings">beat the consensus</a> of $0.59.
The company held $222.1 million in cash and equivalents as of March 31, 2024. Cash provided by operating activities for the quarter totaled $35.2 million.
Strategic Education declared a regular quarterly cash dividend of $0.60 per share, payable on June 3, 2024 to shareholders of record as of May 24, 2024.
&#8220;The U.S. Higher Education segment delivered another quarter of strong growth driven by employer affiliated enrollment; the Education Technology Services segment continued to see strength, including from Sophia subscriptions; and the Australia/New Zealand segment returned to total enrollment growth,&#8221; said CEO Karl McDonnell.
Price Action: STRA shares are trading higher by 11.9% at $112.62 at the last check Thursday.
Image: Shutterstock

STRA

Why Strategic Education Shares Are Soaring Today?

JP Morgan analyst Seth Seifman maintains General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) with a Overweight and raises the price target from $280 to $298.

JP Morgan Maintains Overweight on General Dynamics, Raises Price Target to $298

RBC Capital analyst Mike Dahl maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Outperform and raises the price target from $175 to $192.

RBC Capital Maintains Outperform on Owens-Corning, Raises Price Target to $192

JP Morgan analyst Kenneth Worthington maintains CME Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) with a Neutral and raises the price target from $198 to $206.

JP Morgan Maintains Neutral on CME Gr, Raises Price Target to $206

RBC Capital analyst Mike Dahl maintains Masco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>) with a Outperform and raises the price target from $79 to $80.

RBC Capital Maintains Outperform on Masco, Raises Price Target to $80

Amazon.Com&nbsp;Inc. &#8216;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;Amazon Web Services (AWS)&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38426071/gov-holcomb-announces-amazon-web-services-plans-to-invest-11b-to-create-a-new-data-center-campus-i" rel="noreferrer noopener">plans to invest</a>&nbsp;$11 billion to establish a data center campus in north central Indiana, creating at least 1,000 new jobs, as&nbsp;announced Thursday by&nbsp;Governor Eric J. Holcomb, chairman of the Indiana Economic Development Corporation.&nbsp;
Amazon.Com&#8217;s cloud unit&#8217;s investment is&nbsp;Indiana&#8217;s&nbsp;most significant capital investment announcement.
The upcoming data centers will house essential cloud computing infrastructure, including computer servers, data storage drives, networking equipment, and support generative artificial intelligence (AI) technologies.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38313218/amazon-aims-to-outdo-walmarts-retail-game-boosts-cashierless-tech-in-stores" rel="noreferrer noopener">Amazon Aims to Outdo Walmart&#8217;s Retail Game, Boosts Cashierless Tech in Stores</a>
The Indiana Economic Development Corporation (IEDC) has committed to supporting AWS with&nbsp;data center sales tax exemptions&nbsp;for eligible capital investments over a 50-year term.&nbsp;
Amazon.com is also&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38402886/amazon-to-open-more-cloud-centers-in-southeast-asia-for-better-data-protection" rel="noreferrer noopener">setting up cloud regions</a>&nbsp;in Southeast Asia due to customer demands for secure local data storage.&nbsp;
AWS led the global cloud service market in the fourth quarter, securing 31% of total cloud spending.&nbsp;
Analysts have noted Amazon&#8217;s dominant position in generative AI, foreseeing significant benefits from its AI chip development and diverse&nbsp;large&nbsp;language model offerings.&nbsp;
They also highlighted AWS&#8217;s expected growth, which includes a $545 million quarter-over-quarter increase and a 16% year-over-year rise, marginally exceeding the market&#8217;s 15% expectation.
Ammazon.Com stock gained over 66% in the last 12 months. Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund &#8211; Consumer Discretionary&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) and&nbsp;ProShares Online Retail ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>).
Price Action:&nbsp;AMZN shares traded lower by 2.53% at $172.12&nbsp;at&nbsp;the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Sundry Photography via Shutterstock

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Amazon's AWS Mega Investment Marks Indiana's Biggest Capital Infusion Ever

RBC Capital analyst Deane Dray maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Sector Perform and raises the price target from $481 to $510.

RBC Capital Maintains Sector Perform on Lennox Intl, Raises Price Target to $510

EYEN

Eyenovia shares are trading higher after the company announced clinical and scientific updates on its FDA-approved products Mydcombi and Clobetasol Propionate Ophthalmic Suspension.

JP Morgan analyst John Ivankoe maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Neutral and raises the price target from $2500 to $2750.

JP Morgan Maintains Neutral on Chipotle Mexican Grill, Raises Price Target to $2750

Trane Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) short percent of float has risen 4.76% since its last report. The company recently reported that it has 2.50 million shares sold short, which is 1.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.35 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Trane Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714061722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Trane Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Trane Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Trane Technologies's peer group average for short interest as a percentage of float is 3.93%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Peering Into Trane Technologies's Recent Short Interest

ZoomInfo Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NYSE">ZI</a>) short percent of float has fallen 18.28% since its last report. The company recently reported that it has 13.16 million shares sold short, which is 3.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ZoomInfo Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714061717_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ZoomInfo Technologies has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing ZoomInfo Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ZoomInfo Technologies's peer group average for short interest as a percentage of float is 6.78%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into ZoomInfo Technologies's Recent Short Interest

Lumen Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) short percent of float has risen 16.76% since its last report. The company recently reported that it has 143.98 million shares sold short, which is 19.65% of all regular shares that are available for trading. Based on its trading volume, it would take traders 11.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lumen Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714061712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lumen Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Lumen Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lumen Technologies's peer group average for short interest as a percentage of float is 5.55%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.