Kaltura Stock (NASDAQ:KLTR), Trade Ideas

Kaltura

Kaltura Inc provides live and on-demand video SaaS solutions to thousands of organizations around the world, engaging hundreds of millions of viewers at home, at work, and at school. It also offers specialized industry solutions, including Learning Management System Video, Lecture Capture, and Virtual Classroom for educational institutions, as well as a TV Solution for media and telecom companies. It operates in two reporting segments which are Enterprise, Education, and Technology, and Media and Telecom. The majority of the revenue is derived from Enterprise, Education & Technology. The majority of the revenue is earned from the United States.

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	Virax Biolabs Group Limited  (NASDAQ: VRAX) shares climbed 264% to close at $18.20 on Thursday. The company offered shares at an expected price of $5.00 per share with an insider lock-up period of 180 days ending on January 17, 2023.


This Healthcare Stock Jumped 110%; Here Are 64 Biggest Movers From Yesterday

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	Inspirato Incorporated (NASDAQ: ISPO) shares surged 50.5% to close at $54.90.


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	SVB Leerink lowered  Guardant Health, Inc.  (NASDAQ: GH) price target from $170 to $140. Guardant Health shares dropped 5.7% to $56.22 in pre-market trading.


10 Biggest Price Target Changes For Thursday

Kaltura Inc

WIIM

MANH

Manhattan Associates shares are trading lower. The company reported Q1 financial results.

ENPH

Enphase Energy shares are trading lower after the company reported worse-than-expected Q1 financial results and issued Q2 revenue guidance below estimates.

&quot;We are off to a strong start in the&nbsp;first quarter&nbsp;of 2024 and are raising our full year revenue and adjusted EBITDA&nbsp;guidance,&quot; said Scott Wheeler, CFO of CoStar Group.

Guidance

CSGP

CoStar Group Revises FY24 Revenue Outlook From $2.75B-$2.77B To $2.76B-$2.77B (Est $2.768B), Adj EPS From $0.57-$0.60 To $0.58-$0.62 (Est $0.60)

Visa shares are trading higher after the company reported better-than-expected Q2 financial results.

Offerings

CNTA

Announces $100M Proposed Public Offering Of American Depositary Shares

Equity Residential Sees Q2 2024 Normalized FFO $0.92-$0.96 Vs $0.96 Est.

Momentum investing revolves around the idea of following a stock&#39;s recent trend in either direction. In the &#39;long&#39; context, investors will be essentially be &quot;buying high, but hoping to sell even higher.&quot; With this methodology, taking advantage of trends in a stock&#39;s price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Wells Fargo (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wfc#NYSE">WFC</a>), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It&#39;s also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Wells Fargo currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
<h3>Set To Beat The Market?</h3>
In order to see if WFC is a promising momentum pick, let&#39;s examine some Momentum Style elements to see if this biggest U.S. mortgage lender holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It&#39;s also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For WFC, shares are up 6.87% over the past week while the Zacks Banks - Major Regional industry is up 1.11% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.7% compares favorably with the industry&#39;s 0.83% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Wells Fargo have risen 21.35%, and are up 47.41% in the last year. On the other hand, the S&amp;P 500 has only moved 3.72% and 22.99%, respectively.
Investors should also pay attention to WFC&#39;s average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. WFC is currently averaging 16,796,156 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with WFC.
Over the past two months, 7 earnings estimates moved higher compared to 1 lower for the full year. These revisions helped boost WFC&#39;s consensus estimate, increasing from $4.74 to $5.00 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been 1 downward revision in the same time period.
Bottom Line
Given these factors, it shouldn&#39;t be surprising that WFC is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you&#39;re looking for a fresh pick that&#39;s set to soar in the near-term, make sure to keep Wells Fargo on your short list.
<a href="https://www.zacks.com/stock/news/2260453/wells-fargo-wfc-is-a-great-momentum-stock-should-you-buy?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_10-2260453">To read this article on Zacks.com click here.</a>

Wells Fargo is a Great Momentum Stock: Should You Buy?

Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) reported quarterly Adj earnings of $1.71 per share which beat the analyst consensus estimate of $1.50 by 14 percent. The company reported quarterly sales of $787.693 million which beat the analyst consensus estimate of $741.223 million by 6.27 percent. This is a 40.59 percent increase over sales of $560.276 million the same period last year.

Earnings

MTDR

Matador Resources Q1 2024 Adj EPS $1.71 Beats $1.50 Estimate, Sales $787.693M Beat $741.223M Estimate

East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) reported quarterly earnings of $2.08 per share which beat the analyst consensus estimate of $2.00 by 4 percent. The company reported quarterly sales of $565.139 million which missed the analyst consensus estimate of $581.099 million by 2.75 percent. This is a 5.79 percent decrease over sales of $599.861 million the same period last year.

Earnings Beats

Earnings Misses

EWBC

East West Bancorp Q1 2024 Adj EPS $2.08 Beats $2.00 Estimate, Sales $565.139M Miss $581.099M Estimate

Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.91 by 2.2 percent. The company reported quarterly sales of $730.818 million which beat the analyst consensus estimate of $726.227 million by 0.63 percent. This is a 3.65 percent increase over sales of $705.088 million the same period last year.

Equity Residential Q1 2024 FFO $0.93 Beats $0.91 Estimate, Sales $730.818M Beat $726.227M Estimate

Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) reported quarterly earnings of $0.53 per share which missed the analyst consensus estimate of $0.56 by 5.36 percent. This is a 19.7 percent decrease over earnings of $0.66 per share from the same period last year. The company reported quarterly sales of $99.468 million which missed the analyst consensus estimate of $108.905 million by 8.67 percent. This is a 14.93 percent decrease over sales of $116.920 million the same period last year.

VBTX

Veritex Holdings Q1 2024 Adj EPS $0.53 Misses $0.56 Estimate, Sales $99.468M Miss $108.905M Estimate

Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) reported quarterly earnings of $1.03 per share which beat the analyst consensus estimate of $0.87 by 18.39 percent. This is a 71.67 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $254.552 million which beat the analyst consensus estimate of $243.413 million by 4.58 percent. This is a 15.18 percent increase over sales of $221.013 million the same period last year.

Manhattan Associates Q1 2024 Adj EPS $1.03 Beats $0.87 Estimate, Sales $254.552M Beat $243.413M Estimate

Synopsys's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NYSE">SNPS</a>) short percent of float has risen 8.13% since its last report. The company recently reported that it has 3.44 million shares sold short, which is 2.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.85 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>Synopsys Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713903324_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Synopsys 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 Synopsys'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>, Synopsys's peer group average for short interest as a percentage of float is 4.42%, 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.

Short Sellers

Short Ideas

SNPS

How Is The Market Feeling About Synopsys?

Fastly's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) short percent of float has risen 14.11% since its last report. The company recently reported that it has 10.19 million shares sold short, which is 8.17% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.53 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>Fastly Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713903318_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fastly 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 Fastly'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>, Fastly's peer group average for short interest as a percentage of float is 6.33%, 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.

FSLY

Peering Into Fastly's Recent Short Interest

Vertiv Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) short percent of float has risen 15.65% since its last report. The company recently reported that it has 9.99 million shares sold short, which is 3.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.17 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>Vertiv Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713903313_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Vertiv Hldgs 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 Vertiv Hldgs'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>, Vertiv Hldgs's peer group average for short interest as a percentage of float is 10.54%, 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 Vertiv Hldgs's Recent Short Interest

Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) reported quarterly earnings of $1.03 per share which beat the analyst consensus estimate of $1.01 by 1.98 percent. The company reported quarterly sales of $149.453 million which beat the analyst consensus estimate of $146.462 million by 2.04 percent. This is a 18.03 percent increase over sales of $126.618 million the same period last year.

Agree Realty Q1 2024 FFO $1.03 Beats $1.01 Estimate, Sales $149.453M Beat $146.462M Estimate

First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCBC#NASDAQ">FCBC</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.60 by 18.33 percent.

FCBC

First Community Q1 2024 Adj EPS $0.71 Beats $0.60 Estimate

<h3>Markets Today: Focus Back On Earnings</h3>
Wall Street is once again focusing on the main fundamentals as traders are less concerned about the Middle East. Now that those concerns are very much over, the focus among traders and investors is what the tech earnings will do to the US stock indices, especially the Nasdaq, which recorded its steepest weekly loss of over 5.5% in more than 5 months. The stocks that pushed the stock market to its all-time high, such as Nvidia and Tesla, have tanked over 14% as investors saw the Middle East tensions as an opportunity to book some profit off the table.&nbsp;
<h3>Background&nbsp;</h3>
The US stock indexes, without any shadow of a doubt, not only had a great start to the year, but they also recorded stellar performance for the quarter. But when Israil attacked the Iranian embassy, things began to go off the rails as investors became increasingly cautious that things could go too far, which they did to a certain extent when Iran launched its retaliatory direct attack on Israil. However, cool heads did prevail, and tensions did not escalate after the Israil&#39;s attack on the Iranian city of Isfahan. From there onwards, investors and traders once again shifted their focus away from the escalating geopolitics, and all the spotlight came on the US earnings&mdash;and there is perhaps nothing bigger than the US earnings, which is making traders concerned now with respect to the performance of Magnificent Seven.&nbsp;
<h3>The Tech Earnings&nbsp;</h3>
Starting today, traders will focus once again on the AI gold rush, with Tesla announcing its earnings and the Nasdaq index dancing on the back of it. Traders have already heavily punished the stock, causing it to sit at its multi-month lows. This is because the company has not only announced layoffs, indicating a slowdown in its demand equation, but has also reduced prices for some of its products, confirming the fierce competition. To remain competitive, the company must take action.
The important thing to note here is that traders and investors need to zoom out a little, and they need to understand that layoffs are good in terms of operations as they make the company&#39;s overhead less when demand isn&#39;t strong enough to support that extra labor. And cutting costs is the way to answer the growing competition because Tesla&#39;s monopoly that it had once upon a time is no longer there as new players have made the competition much more intense.&nbsp;
Nonetheless, something that Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) still holds in a very unique position is its data on self-driving, which no other car maker has in that quantity as Tesla had a much longer head start. So, the question and focus will be on these innovative areas in today&#39;s earnings. Investors are likely to become more cautious due to the company&#39;s first year-over-year revenue decline since 2020, as the shares have fallen over 43% YTD. If earnings fail to respond today, we could see the price dropping further, which would drag the Nasdaq index further lower.&nbsp;
<h3>How Much Lower?&nbsp;</h3>
The Nasdaq index, which is already sitting near the lows of the year after recording its worst weekly loss since November last week, is more than likely to face a highly volatile session this week. The levels shown on the chart below are likely to govern traders&#39; sentiment. Despite the price drop, the chart below shows that the price is still in an upward trend, and the big buyers could be stepping in near support level 1, if not level 2. As long as the index is trading above its upward trend line, the upside momentum is likely to resume.&nbsp;
<img alt="tesla_-_23-04.png" src="https://www.benzinga.com/files/images/2024/April/23/tesla_-_23-04.png" style="height:256px; width:624px" />
<a href="https://www.exness.com/">Nasdaq Chart from Exness</a>
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Tech

Markets Today: Focus Back On Earnings, Will Tesla Help To Boost Sentiment Among Traders?

EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) reported quarterly earnings of $1.98 per share which missed the analyst consensus estimate of $2.01 by 1.49 percent. This is a 7.61 percent increase over earnings of $1.84 per share from the same period last year. The company reported quarterly sales of $154.224 million which beat the analyst consensus estimate of $152.108 million by 1.39 percent. This is a 14.22 percent increase over sales of $135.025 million the same period last year.

EastGroup Props Q1 2024 FFO $1.98 Misses $2.01 Estimate, Sales $154.224M Beat $152.108M Estimate

CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) reported quarterly Adj earnings of $0.10 per share which beat the analyst consensus estimate of $0.07 by 42.86 percent. The company reported quarterly sales of $656.400 million which beat the analyst consensus estimate of $653.328 million by 0.47 percent. This is a 12.33 percent increase over sales of $584.366 million the same period last year.

CoStar Gr Q1 2024 Adj EPS $0.10 Beats $0.07 Estimate, Sales $656.400M Beat $653.328M Estimate

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Zuora (ZUO – Research Report), Veeco (VECO – Researc...

Analysts Offer Insights on Technology Companies: Zuora (ZUO), Veeco (VECO) and Kaltura (KLTR)

Warning: KLTR is at high risk of performing badly

Kaltura Non-GAAP EPS of -$0.03 in-line, revenue of $44.48M beats by $2.66M

Kaltura, Inc. (KLTR) Q4 2023 Earnings Call Transcript

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Kaltura (KLTR – Research Report) and Expensify (EX...

Analysts Have Conflicting Sentiments on These Technology Companies: Kaltura (KLTR) and Expensify (EXFY)