Kratos Defense & Security Stock (NASDAQ: KTOS)

Kratos Defense & Security Stock (NASDAQ:KTOS), Trade Ideas

Kratos Defense & Security

Kratos Defense & Security Solutions Inc develops and fields transformative, affordable technology, platforms, and systems. The company has two segments; The Kratos Government Solutions (KGS) segment is comprised of an aggregation of KGS operating segments, including its microwave electronic products, space, training, and cybersecurity, C5ISR/modular systems, turbine technologies, and defense and rocket support services operating segments and The Unmanned Systems segment consists of unmanned aerial, unmanned ground, unmanned seaborne and related command, control, and communications system businesses. The company derives a majority of its revenue from the Kratos Government Solutions segment.

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Cathie Wood&#39;s Ark Continues Tesla Stock Buying Spree, Acquires Over $14M Worth Of Shares Amid Dip

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Shares of  Sony Group Corporation (NYSE: SONY) fell during Wednesday’s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025.

Why Sony Shares Are Trading Lower By Around 6%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Kratos Defense & Security Solutions, Inc. - Common Stock

Kratos Defense & Security Solutions Inc

Benchmark analyst Josh Sullivan reiterates Kratos Defense &amp; Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) with a Buy and maintains $25 price target.

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Benchmark Reiterates Buy on Kratos Defense & Security, Maintains $25 Price Target

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Kratos Defense & Security Option Alert: May 17 $20 Calls Sweep (4) near the Ask: 839 @ $0.9 vs 8934 OI; Earnings 5/1 After Close [est] Ref=$18.12

Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), a technology company in the defense, national security and global markets, and SES, a leader in global content connectivity solutions, successfully executed a fully virtualized satellite communications (SATCOM) ground system demonstration for the U.S. Army's Combat Capabilities Development Command, both announced today. &nbsp;
Kratos and SES successfully showed a flexible network architecture facilitating simultaneous communication pathways for resilient SATCOM. This virtualized and containerized architecture enables soldiers to position their radio frequency (RF) hardware and software-defined hubs anywhere globally. In an industry first, the demonstration showed seamless operation supporting satellites in Medium Earth Orbit (MEO) on a "make-before-break" mode over SES's O3b MEO satellite network. Make-before-break is an essential capability for MEO and LEO satellite constellations referring to the ability to transfer communication sessions while the user transverses the coverage areas of different satellites.
The demonstration employed a remote terminal in Port St. Lucie, U.S., and a gateway in Lima, Peru, which connected to a software-defined Kratos OpenSpace&#xAE; vStar hub system located more than 3,000 miles away in Virginia, U.S., all orchestrated and conducted over SES's O3b satellite network.
Military satellite communications (MILSATCOM) networks increasingly will need to support multiple missions and employ multi-orbit satellite networks while reacting far more quickly than today's hardware-based ground system. Kratos OpenSpace&#xAE; Platform is the industry's only commercially available, fully software-defined satellite ground system that provides the necessary reliability and agility needed for these modern operations. System efficiency was further enhanced by hosting the container-based OpenSpace hub on public cloud resources provided by SES.
Chris Badgett, Vice President of Technology for Kratos Space, said, "As employed in this demonstration, OpenSpace is the first to leverage containers to orchestrate the transfer of communication sessions in a standards-based, open, COTS platform environment. Using a containerized architecture for this make-before-break handover is a significant advancement in SATCOM technology and shows how Kratos is leading SATCOM ground modernization by using commercial capabilities, including software and generic x86 servers, to streamline and enhance hub, gateway and remote terminals."
Saba Wehbe, Senior Vice President, Service Engineering and Delivery of SES, said, "SES's software reconfigurable approach will future-proof ground systems and simplify the interoperability of multi-constellation, multi-orbit, multi-platform satellite services as well as standards-based integration with terrestrial networks. Showcasing a resilient software-defined network, characterized by the flexibility and agility critical to the U.S. Department of Defense (DoD) SATCOM modernization efforts, reinforces the importance of these features."
Funding for this project was through the Network Cross-Functional Team (N-CFT) established by the Army Futures Command.

Kratos Demonstrates Fully Virtualized SATCOM Ground System For U.S. Army Futures Command Over SES's O3b MEO Constellation

Jefferies analyst Sheila Kahyaoglu maintains Kratos Defense &amp; Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) with a Hold and lowers the price target from $22 to $20.

Jefferies Maintains Hold on Kratos Defense & Security, Lowers Price Target to $20

Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), a technology company in the defense, national security and global markets, announced today that it successfully demonstrated a fully virtualized satellite communications (SATCOM) ground system using Kratos' OpenSpace&#xAE; Platform for the U.S. Army's Program Executive Office Command, Control, Communications-Tactical (PEO C3T). With demonstration partners Telesat Government Solutions and Cobham Satcom, the three companies showed dynamic support of simultaneous communication pathways for resilient SATCOM at Low Earth Orbit (LEO).
LEO constellations are strategic to military operations, delivering connectivity with lower latency than a traditional Geosynchronous Earth Orbit (GEO) satellite. These capabilities will be increasingly important as future military satellite communications (MILSATCOM) networks must quickly adapt to multiple missions and multiple orbits. A virtualized ground system such as OpenSpace provides far greater resiliency and agility needed for these modern military operations, including multi-orbit, multi-mission support when compared to traditional, hardware-based systems. Kratos' OpenSpace Platform is the industry's only commercially available, fully software-defined satellite ground system.
The demonstration showed a flexible network architecture that allowed soldiers to connect Telesat's LEO 3 satellite through Cobham antennas. Kratos' OpenEdgeTM 2500 digitizer was integrated with Cobham's Tracker 1300TT antenna, enabling standardized traffic (DIFI) to pass directly from Cobham's digital-ready antenna through virtualized modems at the network's edge to the LEO 3 satellite.
In future conflicts, it will be crucial to have multi-orbit operations seamlessly share information among military branches and international partners. Kratos has worked with several satellite service operators over the past year to test and verify functionality of OpenSpace as a gateway and edge platform at each of the major orbital belts, GEO, MEO and LEO. Kratos has successfully demonstrated the openness, flexibility and interoperability of OpenSpace in other satellite orbits, with other satellite operators and equipment partners.
Chris Badgett, Vice President of Technology for Kratos Space, said, "Every mission has different requirements for space connectivity requiring maximum flexibility to leverage multiple satellites, networks and network elements. Only a software-defined platform can provide the levels of adaptability at mission speed along with the openness to maximize available network resources. Both Telesat and Cobham are at the forefront in this digital transformation of satellite ground systems."
Funding for this project was through the Network Cross-Functional Team (N-CFT) established by the Army Future Command.

Kratos Demonstrates Fully Virtualized SATCOM Over LEO For U.S. Army

Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems (UAS) and Shield AI, Inc., a defense technology company building the world's best AI pilot, today announced the successful completion of the first phase of Shield's AI-piloted flight-testing on-board the Kratos family of UAS as the two companies move toward productizing Shield AI's pilot on these systems. &nbsp;
Hivemind Enabled Firejet Just Prior to Launch
A photo accompanying this announcement is available at <a href="https://www.globenewswire.com/Tracker?data=-Z2_CA9RkLO_buqO_4qKcftCn0kVdFmtiurmOJWMk71rarpHGDBybstNpRPCzusQTQauS4LaZrxY9jaQw2HBra4h6_PLQDajkUY__rZSSWRQVf02sLvKA9hLtLxrmwwMNiKH3kyLNWXZpvwsQRM7PBnnnGdsPS9aML76MC1qYK51LfPXkI07AvdUlKuQG5SrOP5q2kZZztsa4WhF_awIlEpY_RKRxEpdTGMoBqZ3wp_LKOkrp6aTaNrEFfFOHMVXVtD4o7ZkFPSBxaZGYi5zlg==">https://www.globenewswire.com/NewsRoom/AttachmentNg/891609ac-a92f-4b1c-a6e4-e74c13ac6ed5</a>
Having successfully flown AI pilots on five aircraft — three classes of quadcopters, the MQ-35A V-BAT, and the F-16 in fully autonomous air combat training — Shield AI's Hivemind AI pilot has now successfully flown on and controlled the Kratos Tactical Firejet. These successful flights are a major milestone in the comprehensive integration project as Shield AI and Kratos look to ultimately productize another configuration of the Valkyrie, in this case with Shield AI's Hivemind AI pilot.
"Our substantial investments in autonomy and AI design tools, infrastructure, and pipelines are what enable Shield AI to rapidly integrate Hivemind onto different classes of aircraft and most importantly, fly them safely. We're getting faster and faster. It was over three years from signing the contract to flying the F-16; now, it's less than 180 days for the Kratos Firejet. The vision of portable autonomy software for military hardware has been realized, flown, and deployed by Shield AI," said Ryan Tseng, Shield AI's CEO and Co-Founder. &nbsp;
Hivemind-Directed Autonomous Maneuvering Underway
A photo accompanying this announcement is available at <a href="https://www.globenewswire.com/Tracker?data=-Z2_CA9RkLO_buqO_4qKcftCn0kVdFmtiurmOJWMk71rarpHGDBybstNpRPCzusQJAVa7TtxEWxII4NQ3Va_ju7CC-ybI1leW5imwTe7xus2M-b9bE7ALpkIyHaPimKRu6JOG2Z5Aq2NjO3ARL8ZUpQi1VSRUQGg8UwI0Rn5FJCk3PRlKenB-XXoc00VJUojrYEn825YAJYDQ8qLiEdjHG1mCBwCwVK-2lY_VwpJ1Dw44dHoqlhqz2YrzoxbAFAB06R8bipjoXY_xNzsKLd0fg==">https://www.globenewswire.com/NewsRoom/AttachmentNg/2f2f2042-c0a5-4d03-a150-050c454a3e2b</a>
"The ability of our teams (Kratos and Shield AI) to collaborate and work together as two commercial entities driving toward technical mission capability solutions and systems to ultimately support the DoD provides a rapid path to system realization. Firejet is the first; there's more to come and we're excited about the technology, what it enables, the speed at which we can create and deliver these systems, and the broad application space and impact that these high capability, affordable UAS provide to the warfighter," said Steve Fendley, President of Kratos' Unmanned Systems Division.
The Firejet, in its jet target system role, fills a variety of end-to-end weapons-release training, supporting surface-to-air and air-to-air engagements. Additionally, the Tactical Firejet offers an offensive/defensive jet UAS system in the sub $500K price range per aircraft with substantial mission systems and performance capabilities. In either mission configuration (target/tactical), the Firejet delivers a high-speed, high-maneuverability, low-signature solution for replicating threats or enabling no-risk-to-Warfighter-life operational effectiveness with a level of contested environment capability.
Youtube Video link: <a href="https://www.globenewswire.com/Tracker?data=-Z2_CA9RkLO_buqO_4qKcfwUs4LKG6dSfycoE4s7R-eGOms0NXyWNtpQhRVaaNkH3_iWLwCUNS_ENxitqaK-jEaLTa8NSr3yRh8-JH16ppIHgrd2I9l9Ff0ZCHOQ4xT9ri1IbLPgS7nxm_Yc2IdXKFz9g0PXGcp5dbE-8BRHJihfadHqBF-aIhTa1wa4hj3joaekyWFJNCqTYLIaUXu5fPt1e3pNTRntelN_bvY2kvgr--und4nybyY2VUqxUpZCrPfDC27w15bG3xdiOr7MFQPPgBrZoQsYTfTJ6JeydcqKU4Nqbe8fKPxcAy-AoXI5Xi6eJlyPeZ5B5DY_jOH-K1Gbu_8V4tYWbiIh0jcVzd8=">https://www.youtube.com/watch?v=jkmYV3ZUH1Q&amp;t=1s</a>

Kratos And Shield AI Conduct AI-Piloted Flights On The Kratos Tactical Firejet

On Thursday, Cathie Wood-led Ark Invest purchased a substantial number of shares in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), despite the electric vehicle giant&#8217;s recent dip in stock price.
The TSLA Trade
Ark Invest&#8217;s ETFs, ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), purchased 65,514 and 14,437 shares of Tesla respectively. This move comes after Tesla&#8217;s stock price had tumbled nearly 2.25%.
The value of the Tesla shares bought by Ark Invest on Thursday is estimated to be around $14 million, calculated from the closing price of $175.79. This move continues Ark&#8217;s trend of increasing its bet on Tesla. <a href="https://www.benzinga.com/markets/equities/24/03/37927191/cathie-woods-ark-ups-tesla-bet-with-28m-stock-buy-amid-rebound-also-loads-up-on-this-online-game">Just earlier in the week</a>, Ark had bought Tesla shares worth $28.21 million, as the stock rebounded and outperformed the broader market.
Ark Invest&#8217;s Tasha Keeney estimated a $28 trillion <a href="https://www.benzinga.com/markets/equities/24/03/37578131/cathie-woods-ark-invest-sees-28-trillion-opportunity-in-ai-tesla-drones-and-more">opportunity in AI&#8217;s financial impact</a>, particularly highlighting Tesla and drone technology. Keeney projected a rise in equity market capitalization linked to innovation, reaching $220 trillion by the decade&#8217;s end, with a focus on disruptive technologies like Tesla&#8217;s advancements in autonomous vehicles.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37975186/bitcoin-ethereum-take-a-breather-while-dogecoin-spike-pushes-crypto-market-cap-above-2-6-t?itm_source=parsely-api">Bitcoin, Ethereum Take A Breather While Dogecoin Spike Pushes Crypto Market Cap Above $2.6 Trillion — Analyst Sees BTC Hitting $80K Before Next Halving</a> 
Other Key Trades:
ARKK also sold 15,693 shares of Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) through ARKK and ARKW. The trade was calculated to be worth $4.16 million. Coinbase shares closed 3.28% higher at $265.12.
Ark Invest&#8217;s ARKF fund bought shares of Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) and sold shares of Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>). 
The ARKG fund purchased shares of Twist Bioscience Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) and shares of Personalis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNL#NASDAQ">PSNL</a>). 
The ARKQ fund sold shares of UiPath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) and bought shares of Kratos Defense &amp; Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>).
Read Next: <a href="https://www.benzinga.com/markets/equities/24/03/37974525/youre-about-to-get-a-sale-on-nvidia-jim-cramer-shares-insight-on-buying-during-pullbacks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;You&#8217;re About To Get A Sale&#8217; On Nvidia: Jim Cramer Shares Insight On Buying During Pullbacks</a>
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Cathie Wood's Ark Continues Tesla Stock Buying Spree, Acquires Over $14M Worth Of Shares Amid Dip

Contracts

Kratos Receives $57.6M Contract For 70 BQM-177A Aerial Targets

Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), a Technology Company in the Defense, National Security and Global Markets, announced today that it will be deploying self-driving Class 8 tractor/trailers in a Leader Follower Platoon hauling customer freight shipments along revenue generating routes in Ohio and Indiana. &nbsp;
The Kratos Unmanned Systems Division is under contract to deploy its self-driving platooning technology later this year between Ohio and Indiana along a major trucking corridor. Teamed with EASE Logistics, a third-party logistics (3PL) company that provides services to automotive, aerospace, food &amp; beverage, and major manufacturing companies, the Leader Follower Platoon will be a first-of-its kind deployment to address driver shortage impacts by enabling business continuity when qualified drivers are unavailable.
The leader and follower trucks were provided by EASE Logistics who will also provide a highly qualified driver for the leader truck and a Safety Rider onboard the self-driving follower truck who can take over manual driving control at any time. The trucks were retrofitted by Kratos with self-driving technology to enable the Leader Follower Platooning operation. The system will be integrated as part of normal 24/7 supply chain activity hauling freight in 53-foot dry van trailers on short-haul routes for round-trip totals of 450 to 500 miles.
 &nbsp;

Kratos Unmanned Systems Division Self-Driving Truck Leader Follower Platoon Fleet To Be Deployed In Ohio And Indiana

Kratos Awarded $499M Multiple Award, Indefinite-Delivery/Indefinite-Quantity Contract For Design, Build, Test, and Delivery Of Functioning Anti-Tamper Solutions

Kratos Defense &amp; Security Solutions, announces pricing of an underwritten offering of 16,666,667 shares of its common stock at a public offering price of&nbsp;$18.00&nbsp;per share pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the &quot;SEC&quot;). The net proceeds to Kratos from the offering, after deducting underwriting discounts and commissions, are expected to be approximately&nbsp;$288 million. Kratos has also granted the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of common stock. All of the shares in the offering are to be sold by Kratos. The offering is expected to close on February 27, 2024, subject to customary closing conditions

Kratos Defense & Security Solutions Prices Public Offering Of 16,666,667 Shares Stock At $18/Share

Shares of Etsy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etsy#NASDAQ">ETSY</a>) fell sharply during Thursday&rsquo;s session after the company reported <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37261895/4-etsy-analysts-stand-firm-on-ratings-post-q4-earnings-point-to-buyer-growth-fee-ex">mixed fourth-quarter financial results.</a>
Etsy reported quarterly earnings of 62 cents per share which missed the analyst consensus estimate of 78 cents. The company reported quarterly sales of $842.3 million, beating the analyst consensus estimate of $827.81 million. 
Etsy shares dipped 7.5% to $71.34 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>La Rosa Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrhc#NASDAQ">LRHC</a>) shares jumped 160.7% to $3.6499 after the company said it has acquired a 100% interest in the Company&#39;s franchisee - La Rosa Realty Winter Garden LLC located in Winter Garden, Florida.</li>
<li>BuzzFeed, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bzfd#NASDAQ">BZFD</a>) jumped 91.4% to $0.4150 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>Monopar Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnpr#NASDAQ">MNPR</a>) rose 80.7% to $1.03 after the company disclosed promising preclinical data for its MNPR-101 radiopharma program targeting advanced cancers.</li>
<li>Root, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) shares gained 40.8% to $12.21 after posting better-than-expected fourth-quarter results.</li>
<li>Novavax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvax#NASDAQ">NVAX</a>) jumped 34.7% to $5.36. Novavax has reached a settlement related to the 2021 advance purchase agreement for Novavax&#39;s prototype Covid-19 vaccine (NVX-COV2373).</li>
<li>EZFill Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezfl#NASDAQ">EZFL</a>) rose 34.3% to $1.86. EzFill announced preliminary 2023 revenues of $23 million, up 54% year over year.</li>
<li>Mercurity Fintech Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mfh#NASDAQ">MFH</a>) jumped 30% to $2.93.</li>
<li>Mativ Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/matv#NYSE">MATV</a>) gained 27.6% to $15.00 following upbeat earnings.</li>
<li>Venus Concept Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vero#NASDAQ">VERO</a>) shares climbed 26.9% to $1.6242 after the company received CE Mark from DEKRA Certification B.V. to market Venus Versa Pro in Europe.</li>
<li>Outset Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/om#NASDAQ">OM</a>) gained 26% to $4.0680 following upbeat results.</li>
<li>Ocular Therapeutix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocul#NASDAQ">OCUL</a>) rose 22.2% to $9.19 after announcing a $325.0 million private placement.</li>
<li>Remitly Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rely#NASDAQ">RELY</a>) shares rose 19.5% to $21.13 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>B. Riley Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rily#NASDAQ">RILY</a>) gained 19.3% to $18.13. B. Riley&rsquo;s board issued a statement regarding internal review.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) jumped 19.2% to $875.07. Supermicro announced a proposed offering of $1.5 billion of convertible senior notes due 2029.</li>
<li>Bone Biologics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bblg#NASDAQ">BBLG</a>) gained 18.4% to $3.73.</li>
<li>Amylyx Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amlx#NASDAQ">AMLX</a>) rose 17.5% to $18.00 following strong sales results.</li>
<li>ACV Auctions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acva#NASDAQ">ACVA</a>) gained 16.9% to $16.37 after the company reported better-than-expected fourth-quarter financial results and announced the settlement of its antitrust litigation related to the AutoIMS technology platform.</li>
<li>FTI Consulting, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcn#NYSE">FCN</a>) jumped 15.5% to $219.72 following upbeat results.</li>
<li>NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) rose 15.4% to $778.61 after the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for the first quarter.</li>
<li>OUTFRONT Media Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/out#NYSE">OUT</a>) gained 15.4% to $14.35 following upbeat results.</li>
<li>Lantheus Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lnth#NASDAQ">LNTH</a>) rose 14.4% to $64.90 following strong results.</li>
<li>Enerplus Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/erf#NYSE">ERF</a>) rose 13.7% to $18.67.</li>
<li>Indivior PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indv#NASDAQ">INDV</a>) gained 13.3% to $19.83 following fourth-quarter results.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rxrx#NASDAQ">RXRX</a>) rose 12.2% to $13.88.</li>
<li>Agile Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agrx#NASDAQ">AGRX</a>) gained 11.1% to $1.10. 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. Agile Therapeutics announces exercise of warrants for $4.8 million gross proceeds.</li>
<li>Synopsys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snps#NASDAQ">SNPS</a>) gained 10.7% to $601.93 after the company reported better-than-expected first-quarter adjusted EPS results and issued strong guidance.</li>
<li>Q2 Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qtwo#NASDAQ">QTWO</a>) rose 9.5% to $45.82 following strong results.</li>
<li>Eastside Distilling, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/east#NASDAQ">EAST</a>) shares rose 7.6% to $1.0340.</li>
<li>DigitalOcean Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docn#NYSE">DOCN</a>) gained 6.8% to $38.29 following upbeat results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Draganfly Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dpro#NASDAQ">DPRO</a>) shares fell 50.3% to $0.1790 after the company announced pricing of $3.6 million underwritten public offering.</li>
<li>Greenbrook TMS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbnh#NASDAQ">GBNH</a>) fell 46.6% to $0.2024 after the company announced a $1.2 million registered direct offering of 6 million shares at $0.20 per share purchase price.</li>
<li>Synaptogenix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snpx#NASDAQ">SNPX</a>) shares fell 29.5% to $0.1839 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>Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>) fell 26.8% to $11.25 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>MMTec, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtc#NASDAQ">MTC</a>) fell 23.2% to $1.0750.</li>
<li>Goosehead Insurance, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gshd#NASDAQ">GSHD</a>) dipped 21.2% to $68.78 after the company reported worse-than-expected fourth-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Bel Fuse Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/belfa#NASDAQ">BELFA</a>) fell 20.1% to $59.16 after the company reported weak 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 19.1% to $2.9912 after the company reported mixed fourth-quarter financial results and issued guidance.</li>
<li>Sunnova Energy International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nova#NYSE">NOVA</a>) dipped 18.6% to $9.52 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) declined 18.1% to $29.20 after the company reported fourth-quarter financial results and issued guidance.</li>
<li>Pulmonx Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lung#NASDAQ">LUNG</a>) fell 17.6% to $11.94 after the company reported fourth-quarter financial results.</li>
<li>MGP Ingredients, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgpi#NASDAQ">MGPI</a>) declined 14.3% to $78.75 after the company reported fourth-quarter financial results.</li>
<li>Momentus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnts#NASDAQ">MNTS</a>) shares fell 13.1% to $0.5995 after declining around 7% on Wednesday.</li>
<li>Standard Motor Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smp#NYSE">SMP</a>) dipped 12.7% to $35.01 after the company reported worse-than-expected fourth-quarter financial results and issued guidance.</li>
<li>Teekay Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tk#NYSE">TK</a>) gained 12.4% to $7.21 after the company reported a year-over-year decrease in Q4 financial results.</li>
<li>TrueCar, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/true#NASDAQ">TRUE</a>) dipped 11% to $3.4450 following weak sales.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktos#NASDAQ">KTOS</a>) fell 8% to $18.57. Kratos Defense &amp; Security Solutions announced a proposed public offering of $300 million of common stock.</li>
<li>Rogers Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rog#NYSE">ROG</a>) fell 6.8% to $108.29 following weak quarterly results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37262506/booking-holdings-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earni"> Booking Holdings Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>

Why Etsy Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

WIIM

Kratos Defense & Security Solutions shares are trading lower after the company announced a $300 million proposed public offering.

Offerings

Kratos Defense & Security Solutions, Inc. Announces Proposed Public Offering Of $300M Of Common Stock

Benchmark analyst Josh Sullivan maintains Kratos Defense &amp; Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) with a Buy and raises the price target from $20 to $25.

Benchmark Maintains Buy on Kratos Defense & Security, Raises Price Target to $25

<a href="https://www.globenewswire.com/Tracker?data=3s-BiTh4PopsC36F8Q1N-PKM_FMslCSmsbGsttqxiE7X36gJigIoc842YzmuZUabABCl5s60PP2L_MJpmEcfo7V0mshHKyO6Nnh8FQB0lYgFGJsWy4hzhJfK2ganFz5r0yCuIIDREMXy9f2uSc4mHw==" target="_blank">Kratos Defense &amp; Security Solutions, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), a Technology Company&nbsp;in Defense, National Security and Global Markets announced today that its Space &amp; Missile Defense (SMDS) business unit has ordered a combined total of nine new Zeus 1 and Zeus 2 rocket motors in preparation for upcoming initial customer funded flights.&nbsp;The Kratos developed Zeus family of Solid Rocket Motors (SRMs) is in direct response to the urgent need for affordable commercial launch vehicle stages for hypersonic test, ballistic missile target, sounding rocket and &quot;other&quot; customer missions.&nbsp; SMDS applied its significant experience to establish the Zeus 1 and Zeus 2 motor requirements and specifications in close coordination with respective customer and user communities.&nbsp;Kratos, through internal investments, funded development of the Zeus SRMs which are designed and manufactured to Kratos&#39; specifications by key merchant supplier and partner, Aerojet Rocketdyne.
The Kratos Zeus 1 and Zeus 2 SRMs provide substantial performance improvements over similar legacy and heritage SRMs within the same relevant form factor, allowing existing vehicle designs and launch infrastructure to remain unchanged while also promoting rapid integration of leading technology systems and payloads, including those currently under development by Kratos. These and other key attributes will provide Kratos&#39; customers opportunities to fly more often, faster and farther, using fewer stages, at a substantially reduced cost.
The Zeus 1 and Zeus 2 are high-performance 32.5-inch diameter SRMs, designed with versatility and affordability in mind as a complement to Kratos&#39; internally funded investments in the Erinyes hypersonic test &quot;flyer&quot; that is expected to debut later this year. Kratos Zeus SRMs will also complement Kratos&#39; internally funded, follow-on Dark Fury hypersonic system, which nature and performance characteristics are highly classified. These Kratos investments in the hypersonic and other relevant areas create a versatile family of test, evaluation and &quot;other&quot; products that offer complete systems, SRMs, and flyers.&nbsp;With the Zeus SRMs, and the Erinyes, Dark Fury, and other Kratos front ends, Kratos is one of the only companies boasting both launcher and &quot;Flyer&quot; systems within one organization, providing unmatched innovation, disruptive capabilities, mission responsiveness and affordability to the customer.
Dave Carter, President of Kratos Defense &amp; Rocket Support Services Division, said, &quot;The Kratos Zeus family of SRMs is representative of our strategy to internally fund, rapidly develop, be first to market and field affordable, relevant systems to the United States Department of Defense and our Allies.&nbsp;At Kratos, affordability is a technology, and the low cost of these incredibly effective, high-performance systems, is driving significant interest from the relevant customer and user communities, as represented by this initial order of Zeus SRMs.&quot;
Eric DeMarco, President and CEO of Kratos, said, &quot;Kratos Zeus family of SRMs demonstrates our internally funded investment strategy of delivering relevant products and systems, not power points or renditions, to the National Security market. Kratos Zeus family of motors, similar to other Kratos systems, including tactical drones like Valkyrie, our Oriole rocket, and our hypersonic flyers Erinyes and Dark Fury, are not only rapidly developed and demonstrated, but are also engineered up front for affordable mass production at quantity, an additional Kratos differentiator and value enhancer for our government customers and also for our traditional prime system integrator partners.&quot;

Kratos Orders Nine Zeus 1 And Zeus 2 Rocket Motors In Preparation For Initial Customer Funded Flights

Shares of Sony Group Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) fell during Wednesday&rsquo;s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025.
Sony Group reported third-quarter FY23 sales growth of 22% year-on-year to $25.34 billion (&yen;3.75 trillion), beating the consensus of $24.62 billion. Adjusted EPS of $1.99 beat the consensus of $1.65.
Sony revised its FY23 sales outlook to $86.62 billion (&yen;12.4 trillion), down from a prior forecast of &yen;12.3 trillion versus the consensus of $87.32 billion.
Sony Group shares fell 6.3% to $89.86 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Datasea Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtss#NASDAQ">DTSS</a>) shares jumped 1,173% to $18.59. On Tuesday, Datasea posted a narrower second-quarter loss.</li>
<li>Earlyworks Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elws#NASDAQ">ELWS</a>) surged 416% to $2.35 on two passive stakes.</li>
<li>enGene Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/engn#NASDAQ">ENGN</a>) jumped 95.5% to $14.90. The company&rsquo;s CEO Jason Hanson is resigning due to personal family and health reasons, though he will continue to support the company as a strategic advisor after a successor is appointed. Concurrently, enGene announced a private placement of 20 million common shares at $10.00 per share, representing a 31% premium over the previous day&rsquo;s closing price.</li>
<li>Cineverse Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnvs#NASDAQ">CNVS</a>) surged 92.9% to $2.9899. Cineverse announced forthcoming launch of AI-powered movie search platform cineSearch.</li>
<li>Cheche Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ccg#NASDAQ">CCG</a>) gained 74.3% to $5.49.</li>
<li>MGO Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgol#NASDAQ">MGOL</a>) rose 66% to $0.6647.</li>
<li>Cogent Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cogt#NASDAQ">COGT</a>) surged 62.7% to $8.89.</li>
<li>Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iinn#NASDAQ">IINN</a>) gained 35% to $1.29 after the company announced it received the first ever U.S. Patent approval for an orbiting blood oxygenation delivery system, a core technology of the INSPIRA ART500 device.</li>
<li>Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) shares gained 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company&rsquo;s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.</li>
<li>Healthcare Services Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcsg#NASDAQ">HCSG</a>) gained 25.7% to $11.90 following upbeat earnings.</li>
<li>Blink Charging Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnk#NASDAQ">BLNK</a>) gained 24.2% to $3.3288. Blink Charging announced preliminary fourth-quarter revenue excess of $42 million.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrmr#NASDAQ">LRMR</a>) rose 23.9% to $10.83. Larimar Therapeutics has priced the public offering of 17.16 million shares at $8.74 per share for gross proceeds of approximately $150 million.</li>
<li>Clene Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clnn#NASDAQ">CLNN</a>) gained 22.9% to $0.52.</li>
<li>Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>) gained 22.2% to $2.97 following upbeat earnings.</li>
<li>Iris Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iren#NASDAQ">IREN</a>) shares rose 20.5% to $8.35.</li>
<li>CEVA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceva#NASDAQ">CEVA</a>) gained 18.5% to $23.92 following upbeat earnings.</li>
<li>Great Lakes Dredge &amp; Dock Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gldd#NASDAQ">GLDD</a>) gained 17.1% to $9.47 following quarterly results.</li>
<li>Resideo Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rezi#NYSE">REZI</a>) rose 16.7% to $19.94 after the company reported better-than-expected quarterly financial results.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktos#NASDAQ">KTOS</a>) jumped 15.7% to $20.59 following better-than-expected quarterly results.</li>
<li>Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) shares gained 14.7% to $13.58 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>United Fire Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufcs#NASDAQ">UFCS</a>) rose 13.5% to $24.32 following upbeat results.</li>
<li>Allison Transmission Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alsn#NASDAQ">ALSN</a>) gained 13% to $69.53 after the company reported better-than-expected quarterly financial results.</li>
<li>MRC Global Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrc#NYSE">MRC</a>) rose 12.1% to $11.64 following upbeat earnings.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) gained 11.5% to $156.50 amid strength in Bitcoin.</li>
<li>CCSC Technology International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cctg#NASDAQ">CCTG</a>) shares rose 10.2% to $3.56 after dipping around 10% on Tuesday.</li>
<li>Tower Semiconductor Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsem#NASDAQ">TSEM</a>) gained 8.5% to $31.07 following strong results.</li>
<li>Sentage Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sntg#NASDAQ">SNTG</a>) shares jumped 8.4% to $2.46.</li>
<li>Charles River Laboratories International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crl#NYSE">CRL</a>) gained 7.2% to $236.00 after the company reported better-than-expected fourth-quarter results and issued guidance above estimates.</li>
<li>VBI Vaccines Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vbiv#NASDAQ">VBIV</a>) shares surged 5.2% to $0.6941. Brii Biosciences agreed to acquire VBI&#39;s IP rights in BRII-179 (VBI-2601) and plans to initiate technology transfer to expand clinical and commercial supplies.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Azitra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aztr#NYSE">AZTR</a>) shares fell 69.5% to $0.2653. Azitra priced its $5 million public offering of 16.667 million common shares at $0.30 per share.</li>
<li>Ohmyhome Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omh#NASDAQ">OMH</a>) fell 40.7% to $1.3397 after the company priced its upsized $4.8 million public offering of 3,555,555 ordinary shares at $1.35 per share.</li>
<li>QuidelOrtho Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qdel#NASDAQ">QDEL</a>) fell 34.9% to $43.49 after the company reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS below estimates.</li>
<li>BioNexus Gene Lab Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bglc#NASDAQ">BGLC</a>) shares fell 34.4% to $1.03 after jumping 282% on Tuesday.</li>
<li>Sunworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sunw#NASDAQ">SUNW</a>) fell 34.3% to $0.0662.</li>
<li>Enviva Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eva#NYSE">EVA</a>) fell 33.2% to $0.2977. Enviva is preparing to file for bankruptcy within days, the Wall Street Journal reported.</li>
<li>EpicQuest Education Group International Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eeiq#NASDAQ">EEIQ</a>) fell 27.5% to $1.16.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) shares declined 21.6% to $1.5338 after surging over 55% on Tuesday. Goldman Sachs reported a 7.2% passive stake in Nukkleus as of Dec. 29, 2023.</li>
<li>Upstart Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upst#NASDAQ">UPST</a>) fell 20.5% to $26.19 after the company issued first-quarter revenue guidance below estimates.</li>
<li>Esports Entertainment Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gmbl#NASDAQ">GMBL</a>) shares fell 20% to $1.48. Esports Entertainment Group announced voluntary delisting from the Nasdaq and transfer to the OTCQB Venture Market.</li>
<li>Qurate Retail, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qrteb#NASDAQ">QRTEB</a>) declined 18.4% to $4.69.</li>
<li>CAE Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cae#NYSE">CAE</a>) fell 12.2% to $18.36 after the company reported worse-than-expected quarterly financial results.</li>
<li>The Chemours Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cc#NYSE">CC</a>) dipped 10.5% to $27.29.</li>
<li>Vroom, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrm#NASDAQ">VRM</a>) fell 10.5% to $13.71.</li>
<li>Maplebear Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cart#NASDAQ">CART</a>) fell 7.8% to $25.67 following quarterly results.</li>
<li>MGM Resorts International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mgm#NYSE">MGM</a>) shares declined 7.4% to $42.29 after the company reported fourth-quarter financial results.</li>
<li>Akamai Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akam#NASDAQ">AKAM</a>) fell 7.3% to $115.89 after the company reported mixed quarterly financial results.</li>
<li>The Kraft Heinz Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/khc#NASDAQ">KHC</a>) declined 5.5% to $34.13 after the company reported mixed quarterly financial results.</li>
<li>Airbnb, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abnb#NASDAQ">ABNB</a>) shares declined 5% to $143.25 after the company reported fourth-quarter financial results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37126344/bitcoin-surpasses-51-000-stacks-emerges-as-top-gainer"> Bitcoin Surpasses $51,000; Stacks Emerges As Top Gainer</a>

Why Sony Shares Are Trading Lower By Around 6%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Wednesday.
Shares of Charles River Laboratories International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crl#NYSE">CRL</a>) rose sharply during Wednesday&rsquo;s session after the company reported better-than-expected fourth-quarter results and issued <a href="https://www.benzinga.com/quote/CRL/earnings">guidance above estimates</a>.
Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company&rsquo;s quarterly sales came in at $1.01 billion versus expectations of $991.25 million.
Charles River Laboratories International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crl#NYSE">CRL</a>) rose 7.2% to $236.00 on Wednesday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) shares rose 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company&rsquo;s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.</li>
<li>Healthcare Services Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcsg#NASDAQ">HCSG</a>) rose 25.7% to $11.90 following upbeat earnings.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrmr#NASDAQ">LRMR</a>) surged 23.9% to $10.83. Larimar Therapeutics has priced the public offering of 17.16 million shares at $8.74 per share for gross proceeds of approximately $150 million.</li>
<li>Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>) climbed 22.2% to $2.97 following upbeat earnings.</li>
<li>CEVA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceva#NASDAQ">CEVA</a>) climbed 18.5% to $23.92 following upbeat earnings.</li>
<li>Great Lakes Dredge &amp; Dock Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gldd#NASDAQ">GLDD</a>) rose 17.1% to $9.47 following quarterly results.</li>
<li>Resideo Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rezi#NYSE">REZI</a>) jumped 16.7% to $19.94 after the company reported better-than-expected quarterly financial results.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktos#NASDAQ">KTOS</a>) rose 15.7% to $20.59 following better-than-expected quarterly results.</li>
<li>Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) shares climbed 14.7% to $13.58 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) rose 13.8% to $18.08 amid strength in Bitcoin.</li>
<li>United Fire Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufcs#NASDAQ">UFCS</a>) gained 13.5% to $24.32 following upbeat results.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) jumped 13.3% to $29.13 amid strength in Bitcoin.</li>
<li>Allison Transmission Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alsn#NASDAQ">ALSN</a>) climbed 13% to $69.53 after the company reported better-than-expected quarterly financial results.</li>
<li>MRC Global Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrc#NYSE">MRC</a>) gained 12.1% to $11.64 following upbeat earnings.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) rose 11.5% to $156.50 amid strength in Bitcoin.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) gained 11.4% to $881.36.</li>
<li>Uber Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) gained 11.2% to $76.72 after the company announced an inaugural $7 billion share repurchase authorization.</li>
<li>Riot Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>) rose 10% to $16.98 amid strength in Bitcoin.</li>
<li>IQVIA Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iqv#NYSE">IQV</a>) gained 9.7% to $236.20 following upbeat results.</li>
<li>Zillow Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/z#NASDAQ">Z</a>) gained 9.6% to $59.06 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>WESCO International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wcc#NYSE">WCC</a>) gained 9.6% to $145.32.</li>
<li>Tower Semiconductor Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsem#NASDAQ">TSEM</a>) climbed 8.5% to $31.07 following strong results.</li>
<li>Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>) gained 6.6% to $43.02 following strong results.</li>
<li>DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) gained 6.4% to $120.91 following upbeat results.</li>
<li>IAC Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iac#NASDAQ">IAC</a>) rose 4.9% to $53.70 following upbeat earnings.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37126344/bitcoin-surpasses-51-000-stacks-emerges-as-top-gainer"> Bitcoin Surpasses $51,000; Stacks Emerges As Top Gainer</a>

CLSK

MARA

RIOT

UBER

Charles River Laboratories International Posts Upbeat Results, Joins Robinhood, Zillow, Tower Semiconductor And Other Big Stocks Moving Higher On Wednesday

RBC Capital analyst Ken Herbert reiterates Kratos Defense &amp; Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) with a Outperform and maintains $23 price target.

RBC Capital Reiterates Outperform on Kratos Defense & Security, Maintains $23 Price Target

Kratos Defense & Security Solutions shares are trading higher after the company reported better-than-expected Q4 financial results and issued FY24 revenue guidance above estimates.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Drone stocks are set to surge with the market forecast to soar at a huge compound annual growth rate of 22% between now and 2032. By the end of that period, the market is expected to be valued at $82.9 billion. Among the factors fueling increases in the demand for drones in recent years is the war in Ukraine, in which both sides are extensively using drones.



According to one estimate, military drones account for 50% of America&rsquo;s total drone market. The only way to obtain a great deal of exposure to military drones via American stocks is through buying the shares of firms that specialize in making them. But, given the large and rapidly growing extent to which armies are buying and utilizing drones, I believe that these drone stocks will prove to be lucrative for long-term investors.



<h2>AeroVironment (AVAV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/aerovironment-avav-1600-300x169.png" alt="The logo for AeroVironment (AVAV) is seen through a magnifying glass on the company's website."><div>Source: Pavel Kapysh / Shutterstock.com</div></div>The largest seller of drones to America&rsquo;s military, AeroVironment (NASDAQ:<a href="https://investorplace.com/stock-quotes/avav-stock-quote/">AVAV</a>) <a href="https://www.investors.com/news/aerovironment-stock-targets-114-earnings-growth-ukraine-russia-war-continues/">also market</a> &ldquo;suicide drones&rdquo; that are being used by Ukraine for kamikaze missions against the Russian military. Ukraine is also reportedly utilizing AVAV&rsquo;s drones for recon.



Unsurprisingly given the large amount of military spending by the U.S. on behalf of Ukraine, AeroVironment <a href="https://www.investors.com/news/aerovironment-stock-targets-114-earnings-growth-ukraine-russia-war-continues/">delivered excellent Q3 results</a> as its EPS soared 91% versus the same period a year earlier to 63 cents while its revenue jumped 39% year-over-year to $186.6 million. 



Moreover, AVAV increased its full-year EPS outlook to $2.69-$2.83 from $2.46-$2.70. Also noteworthy is that the U.S. Department of Defense is <a href="https://defensescoop.com/2024/02/02/switchblade-600-kamikaze-drones-replicator-mass-production/">currently considering</a> a purchase of AVAV drones.



<h2>Kratos Defense &amp; Security Solutions (KTOS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/ktos-stock-1-300x169.jpg" alt="The front of a Kratos (KTOS) office in Silicon Valley."><div>Source: Michael Vi / Shutterstock.com</div></div>Kratos (NASDAQ:<a href="https://investorplace.com/stock-quotes/ktos-stock-quote/">KTOS</a>) provides a <a href="https://finance.yahoo.com/quote/KTOS/profile">variety of defense products</a>, but specializes in developing extremely high tech military drones. According to Benchmark, KTOS is likley <a href="https://seekingalpha.com/news/4073028-kratos-likely-is-ges-partner-on-drone-engine-benchmark-says">working with</a> GE&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/ge-stock-quote/">GE</a>) aerospace division to develop a jet engine for military drones.



Meanwhile, in recent weeks, Kratos has been obtaining impressive contracts from the Pentagon left and right. 



Most notably, KTOS <a href="https://seekingalpha.com/news/4066412-kratos-secures-579m-single-award-idiq-for-space-force-satcom-c2-system">received a huge deal</a> of up to $579 million from the U.S. Space Force. Additionally, on March 18, the firm <a href="https://seekingalpha.com/pr/19657651-kratos-receives-57_6-million-contract-for-70-bqmminus-177a-aerial-targets?hasComeFromMpArticle=false">received $57 million</a> from the Pentagon. Finally, on March 4, <a href="https://seekingalpha.com/news/4075188-kratos-defense-secures-499-million-contract">KTOS obtained</a> a $499 million deal to develop &ldquo;anti-tamper solutions&rdquo; for the Pentagon. 



<h2>Northrop Grumman (NOC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/noc_northrop_grumman_drone_1600-300x169.png" alt="Szczecin,Poland-January 2022:Northrop Grumman RQ-4 Global Hawk taking off from an airfield equipped with drone control equipment.3D Illustration."><div>Source: Mike Mareen / Shutterstock.com</div></div>Defense giant Northrop Grumman (NYSE:<a href="https://investorplace.com/stock-quotes/noc-stock-quote/">NOC</a>) has a thriving drone business. Last November, the firm <a href="https://www.naval-technology.com/news/northrop-grumman-secures-543m-contract-for-mq-4c-triton-production/">obtained a huge</a> $11.5 billion deal to provide 65 advanced MQ-4C drones for the U.S. Navy. And even before that contract, the firm had a rather large 20% share of the North American military drone market.



Moreover, the company&rsquo;s RQ-180 drone <a href="https://money.usnews.com/investing/articles/best-drone-stocks-to-buy">reportedly may generate</a> another $100 billion of revenue for the firm. 



Meanwhile, <a href="https://seekingalpha.com/filing/8228721?hasComeFromMpArticle=false">NOC&rsquo;s overall backlog</a> climbed a healthy 7% in 2023 to a hefty $78.7 billion. NOC stock <a href="https://finance.yahoo.com/quote/NOC/key-statistics">has an attractive</a> forward price-earnings ratio of 19 and <a href="https://finance.yahoo.com/quote/NOC">a significant dividend </a>yield of 1.9%. 



On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-drone-stocks-set-to-soar-as-the-skyways-become-the-new-highways/">3 Drone Stocks Set to Soar as the Skyways Become the New Highways</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Drone Stocks Set to Soar as the Skyways Become the New Highways

Overall market sentiment has been high on Kratos Defense and Security Solutions Inc (KTOS)  stock lately. KTOS receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator. Kratos Defense and Security Solutions Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the ranki

Do Traders Think Kratos Defense & Security Solutions Inc (KTOS) Can Keep Climbing Thursday?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The U.S. economy is on a positive trajectory, fueled by robust consumer spending and business investments. With profits rising steadily, there&rsquo;s an encouraging trend of retaining employees, further supporting economic expansion. This market confidence will only contribute to the growth of innovation. And right now the best bet on the future is finding robotics stocks to buy. Projections indicate that the <a href="https://www.globenewswire.com/en/news-release/2024/01/09/2806596/0/en/Business-Process-Automation-Market-Expected-to-Grow-at-CAGR-of-11-4-by-2030-According-to-Persistence-Market-Research.html#:~:text=The%20global%20business%20process%20automation,by%20the%20end%20of%202030.">global business process automation market</a> will expand at a CAGR of 11.4% until 2030. As businesses adapt to the digital age, demand for process automation will remain high. If you invest in these best robotics stocks to buy, you stand to profit greatly.



<h2>Intuitive Surgical (ISRG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/isrg-stock-300x169.jpg" alt="A sign with the Intuitive Surgical logo standing outside of a company office. ISRG stock."><div>Source: Sundry Photography / Shutterstock.com</div></div>Intuitive Surgical (NASDAQ:<a href="https://investorplace.com/stock-quotes/isrg-stock-quote/">ISRG</a>) is a global leader in minimally invasive care and the pioneer of robotic-assisted surgery. It creates and refines robotic systems, giving surgeons the added benefits of technology that helps extend their capabilities.



ISRG experienced brilliant growth during <a href="https://finance.yahoo.com/quote/ISRG/financials">Q4 2023</a>. The company reported $1.93 billion in revenue, a yera-over-year (YOY) increase of 16.51%. Net income and diluted EPS, $606.2 million and $1.69 respectively, increased over 85% YOY. And, it beat EPS and revenue expectations by 1.59 % and 7.72% respectively.



The increasing demand for robotic surgery comes from a growing elderly population, as well as a drive towards value-based healthcare. Intuitive Surgical plays a big role in the robotic surgical systems market, and as the demand for robotic surgery rises, the value of Intuitive Surgical will grow proportionally.



<h2>Nvidia (NVDA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/nvda1600-6-300x169.png" alt="NVIDIA company logo on smartphone against background of red stock chart. Business crisis, collapse of trading and investment, bankruptcy, falling value concept. NVDA stock"><div>Source: Sergio Photone / Shutterstock.com</div></div>Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) is one of the biggest designers and suppliers of GPUs and other various computer chips. Currently, it is the supplier of the world&rsquo;s fastest GPU, the Nvida RTX 4090.



Financially, 2023 was a strong year for Nvidia. The company had revenues go from $<a href="https://stockanalysis.com/stocks/nvda/financials/">26.974 billion in 2022 to $60.922 billion in 2023</a>, which is an increase of 125.85%. It has made remarkable progress within the robotics industry and this year. NVDA has launched a <a href="https://www.therobotreport.com/nvidia-announces-new-robotics-products-at-gtc-2024/">new robotics project called GR00T</a>. The project is purposed to build a model coupled with AI to result in a robot able to understand language.



Overall, NVIDIA has shown extraordinary financials while holding up with products and progressions, making it a top robotics stock.



<h2>Kratos (KTOS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/ktos-stock-1-300x169.jpg" alt="The front of a Kratos (KTOS) office in Silicon Valley."><div>Source: Michael Vi / Shutterstock.com</div></div>Kratos (NASDAQ:<a href="https://investorplace.com/stock-quotes/ktos-stock-quote/">KTOS</a>) is a technology company that provides a variety of defense solutions, including the development of unmanned aerial vehicles. Valued at <a href="https://www.globenewswire.com/news-release/2023/12/19/2798304/0/en/Global-Unmanned-Aerial-Vehicle-Market-Size-To-Exceed-USD-64-8-Billion-By-2032-CAGR-of-8-9.html">$27.4 billion in 2022</a>, the unmanned aerial vehicles market is a rapidly growing segment in the robotics industry. Fueled by the increasing use of smart technology for monitoring and analysis, this market is expected to reach $64.8 billion by 2032, exhibiting a CAGR of 8.9%.



Kratos&rsquo; specialization in unmanned systems has resulted in exceptional growth over the past few years. The company has consistently outperformed analyst estimates and, in <a href="https://ir.kratosdefense.com/news-releases/news-release-details/kratos-reports-fourth-quarter-and-full-year-2023-financial">Q4 2023</a>, reported revenues of $273.8 million, up 9.8% YOY. Its EBITDA also surged, rising to $29.1 million from $19.2 million a year prior. Finally, management is optimistic about Kratos&rsquo; unmanned systems business. One of its leading growth drivers, this segment is expected to increase organic revenue growth by 10% in 2024.



Meanwhile, the company has recently won numerous government contracts, highlighting its commitment to growth. Last month, Kratos was awarded a <a href="https://seekingalpha.com/pr/19622686-kratos-wins-579m-single-award-idiq-for-space-force-satcom-c2-system?hasComeFromMpArticle=false">$579 million contract</a> from the U.S. Space Force for its SATCOM C2 System. The company also received two Pentagon deals in March valued at <a href="https://seekingalpha.com/pr/19657651-kratos-receives-57_6-million-contract-for-70-bqmminus-177a-aerial-targets?hasComeFromMpArticle=false">$57.6 million</a> and <a href="https://seekingalpha.com/news/4075188-kratos-defense-secures-499-million-contract">$499 million</a>. Additionally, in its <a href="https://seekingalpha.com/article/4669979-kratos-defense-and-security-solutions-inc-ktos-q4-2023-earnings-call-transcript">Q4 call</a>, Kratos revealed that the Air Force has been testing its autonomous drone, signaling the possibility of a major future contract.&nbsp;



On the date of publication, Michael Que did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



The researchers contributing to this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Michael Que is a financial writer with extensive experience in the technology industry, with his work featured on Seeking Alpha, Benzinga and MSN Money. He is the owner of Que Capital, a research firm that combines fundamental analysis with ESG factors to pick the best sustainable long-term investments.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/the-3-best-robotics-stocks-to-buy-in-q2-2024/">The 3 Best Robotics Stocks to Buy in Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Robotics Stocks to Buy in Q2 2024

Kratos Defense (KTOS) has shared an announcement. On March 28, 2024, the Board of Directors expanded from eight to nine members and elected the hig...

Kratos Defense Appoints New Director with Military Expertise

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
AI led the stock market to unprecedented heights last year, beckoning interest in complementary technologies such as robotics. Thanks to game-changing advancements in AI and automation technology, the robotics space is evolving swiftly. Consequently, these developments effectively pave the way for investors to scout for the most undervalued robotics stocks to buy in April.



To be fair, the development of Robotic AI hasn&rsquo;t been at the same pace at which generative AI or branches of the technology are growing. Nevertheless, the sector has been showing remarkable progress, and AI can potentially take things up a few notches. Improvements in robot durability and functionality are a testament to what lies ahead. That said, three stocks are leading the charge in robotics, offering strong long-term upside potential.



<h2>Intuitive Surgical (ISRG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/isrg-stock-300x169.jpg" alt="A sign with the Intuitive Surgical logo standing outside of a company office. ISRG stock."><div>Source: Sundry Photography / Shutterstock.com</div></div>Intuitive Surgical&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/isrg-stock-quote/" target="_blank">ISRG</a>) is a force to be reckoned with in the fast-growing robotic-assisted surgical solutions industry. Its primary offering, the da Vinci Surgical System, facilitates minimally invasive operations with greater accuracy and agility.



Moreover, the da Vinci Surgical System has been a major needle-mover for ISRG, facilitating upwards of 13 million surgical procedures. Its incredible impact on the company can be seen in the <a href="https://seekingalpha.com/symbol/ISRG/income-statement">234% jump in sales to $7.1 billion</a> from 2014 to last year. Also, its steady income streams have had a similar impact on its eye-catching bottom-line numbers.



ISRG has been killing it by posting strong numbers late despite operating in an unconducive market. It comfortably beat analyst estimates in three out of the four past quarters across both lines by considerable margins. In its most recent quarterly report, revenues were up to $1.93 billion, <a href="https://seekingalpha.com/news/4057539-intuitive-surgical-non-gaap-eps-of-1_60-beats-0_11-revenue-of-1_93b-beats-30m">a 16.51% increase</a> on a year-over-year (YOY) basis. Likewise, net income came in at an impressive $606.2 million, beating expectations by more than 85%. Additionally, with an aging population, expect ISRG to continue posting similar numbers for the foreseeable future.



<h2>Kratos (KTOS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/ktos-stock-1-300x169.jpg" alt="The front of a Kratos (KTOS) office in Silicon Valley."><div>Source: Michael Vi / Shutterstock.com</div></div>Defense solutions provider&nbsp;Kratos&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/ktos-stock-quote/" target="_blank">KTOS</a>) is a critical cog in the wheel, driving innovation through its robust product portfolio. It specializes in the development of modern military operations and the deployment of unmanned systems.



These products are effectively designed for surveillance, reconnaissance, and combat operations. Over the years, it has been an excellent wealth compounder, <a href="https://seekingalpha.com/symbol/KTOS/momentum/performance">delivering more than 136% gain</a> in the past decade. The impressive uptick in its price is linked to its spectacular growth in top-and-bottom-line results, marked by double-digit gains across key metrics.&nbsp; Moreover, recent results have been a visual treat for its investors, with it outperforming estimates across both lines in the past seven consecutive quarters.



Furthermore, as a recent article from <a href="https://investorplace.com/2024/03/3-drone-stocks-set-to-soar-as-the-skyways-become-the-new-highways/">my fellow InvestorPlace colleague</a>, Larry Ramer, explains, Kratos has recently inked some massive contracts from the U.S. government. Perhaps the most noteworthy <a href="https://seekingalpha.com/news/4066412-kratos-secures-579m-single-award-idiq-for-space-force-satcom-c2-system">is its $579 million deal</a> with the U.S. Space Force. Additionally, in March alone, it received contracts exceeding $550 million in value from the Pentagon.



<h2>ABB (ABBNY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/abb-1600-300x169.jpg" alt="ABB Robotics, Inc. training center in suburban Detroit."><div>Source: Daniel J. Macy / Shutterstock.com</div></div>ABB&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/abbny-stock-quote/" target="_blank">ABBNY</a>) is a top pick in the burgeoning industrial automation, leveraging AI to push the envelope in the Industrial Internet of Things (IIOT) industry. ABBNY stock got a strong AI-powered boost in the stock market last year,&nbsp;<a href="https://seekingalpha.com/symbol/ABBNY/momentum/performance" target="_blank">gaining over 34%</a>.



According to ABB, roughly 20% of the data produced by industrial entities undergoes analysis and an even smaller fraction results in actionable insights. Hence, it is looking to pounce on this underserved market with its power Genix software, which harnesses AI for industrial analytics, aiming to unlock valuable insights for its customers.



Despite AI&rsquo;s disruptive impact, ABB doesn&rsquo;t solely rely on its software analytics business. It runs a diversified operation providing robotics, automation, electrification, and motion products globally. Moreover, given the diversity in its revenue base, it operates a highly consistent business that&rsquo;s been exceptionally profitable across key metrics. On top of that, it offers a growing dividend,&nbsp;<a target="_blank" href="https://seekingalpha.com/symbol/ABBNY/dividends/scorecard">yielding over 2.1%</a>.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/the-3-most-undervalued-robotics-stocks-to-buy-in-april-2024/">The 3 Most Undervalued Robotics Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Most Undervalued Robotics Stocks to Buy in April 2024

In this recap of the most recent trading session, I review the trades I took throughout the week. I also discuss how to manage one's trades.

Masters In Trading - Saturday, April 13

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Modern warfare tactics have changed drastically. Increasingly, unmanned aerial vehicles (UAVs) have played a pivotal role in shaping the defense landscape, which bodes well for security specialist Kratos Defense (NASDAQ:<a href="https://investorplace.com/stock-quotes/ktos-stock-quote/">KTOS</a>). With its UAV project gaining steam, KTOS stock could be an intriguing long-side wager.



Specifically, Kratos developed a <a href="https://www.kratosdefense.com/systems-and-platforms/unmanned-systems/aerial/tactical-uavs">stealthy unmanned UAV</a> called the Valkyrie XQ-58A. Per the company&rsquo;s website, the Valkyrie is a combat drone designed to deliver weapons or assist fighter jets. Powered by artificial intelligence, the UAV could be a force multiplier. Most importantly, it can conduct high-risk missions while keeping its human operators safe from harm.



Another element that bolsters KTOS stock is that rival nations &ndash; particularly China and Russia &ndash; are investing heavily in military-related AI functionalities. Indeed, earlier this year, the South China Morning Post reported that the two nations have <a href="https://www.scmp.com/news/china/diplomacy/article/3250893/russia-and-china-compare-notes-military-use-artificial-intelligence#:~:text=China%20and%20Russia%20have%20agreed,in%20Beijing's%20rivalry%20with%20Washington.">agreed to consult and coordinate</a> with each other on the military use of AI.



KTOS stock commands incredible relevance, and the incentive to support Kratos may only rise from here.



<h2>A Rought Start Presents a Possible Opportunity</h2>



Although the backdrop appears favorable in terms of flashpoints and global rivalries, Wall Street hasn&rsquo;t been particularly kind to KTOS stock. Since the start of the year, shares have lost more than 10%. However, this circumstance could shift positively soon.



Beyond the recognition that global affairs are becoming more unsettled, KTOS stock appears underappreciated. That&rsquo;s odd because analysts rate shares a <a href="https://www.tipranks.com/stocks/ktos/forecast">consensus moderate buy</a> with a $22.63 average price target, projecting almost 28% upside potential.



Currently, KTOS stock trades at 2.23x trailing-12-month (TTM) revenue. However, on average, analysts anticipate Kratos to <a href="https://finance.yahoo.com/quote/KTOS/analysis">generate sales of $1.14 billion</a> for the current fiscal year. Assuming the same <a href="https://www.gurufocus.com/stock/KTOS/financials">shares outstanding</a> count (on a TTM basis) of 133.7 million, KTOS&rsquo; sales multiple would drop to 2.08x. That&rsquo;s more in line with the <a href="https://www.gurufocus.com/stock/KTOS/summary?search=ktos">sector average of 1.97x</a>.



Plus, with the intense focus on drone warfare, Kratos&rsquo; sales potential could be much higher than analysts are currently projecting. Thus, speculators may have an upside opportunity with KTOS stock.



<h2>Trade of the Day: Buy KTOS Stock Call Options</h2>



For today&rsquo;s trade of the day, I&rsquo;m looking at buying KTOS stock call options, specifically the <a href="https://www.barchart.com/stocks/quotes/KTOS%7C20241115%7C20.00C/price-history/historical">15 November 2024 $20 call</a>. That&rsquo;s the longest-expiry date available. 



On Monday, this contract closed at a premium of $2.30. Further, the bid-ask spread as represented by the midpoint price came out to around 6.6%.



<a href="https://investorplace.com/wp-content/uploads/2024/04/ktos-stock-trade-of-the-day.jpg"><img width="1764" height="1242" src="https://investorplace.com/wp-content/uploads/2024/04/ktos-stock-trade-of-the-day.jpg" alt=""></a>To be sure, that&rsquo;s relatively high compared to popular options trades. However, given the lower volume of KTOS stock, it&rsquo;s a decent spread, especially considering that it&rsquo;s also out the money (OTM). Granted, this dynamic adds risk to Kratos. Still, there are enticing factors at play.



Primarily, within the past few months, KTOS stock has breached the $20 level, first in December and later in February. It also shot past the $30 level in February 2021. Given the precedent, the bulls may try to push shares past this psychologically important level.



For full disclosure, Barchart notes that there are <a href="https://www.barchart.com/stocks/quotes/KTOS/cheat-sheet">significant resistance barriers</a>, starting from $18.23 to $19.62. Nevertheless, should KTOS stock move past them, $20 could become a foregone conclusion.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/trade-of-the-day-wager-on-kratos-defense-ktos-stock-as-drone-demand-heats-up/">Trade of the Day: Wager on Kratos Defense (KTOS) Stock as Drone Demand Heats Up</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Trade of the Day: Wager on Kratos Defense (KTOS) Stock as Drone Demand Heats Up

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
BuzzFeed (NASDAQ:<a href="https://investorplace.com/stock-quotes/bzfd-stock-quote/">BZFD</a>) stock is a hot topic on Tuesday as the media company is seeking approval for a reverse stock split at its next shareholder meeting.



That shareholder meeting is <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318231087&amp;type=PDF&amp;symbol=BZFD&amp;cdn=5a25da9db799f571a5965dcfcb4d5709&amp;companyName=BuzzFeed+Inc.&amp;formType=DEF+14A&amp;formDescription=Other+definitive+proxy+statements&amp;dateFiled=2024-04-11">set for April 25</a> and will have investors voting on several matters. Among them is a request to allow it to consolidate shares of its outstanding stock.



BuzzFeed is seeking approval for a reverse stock split ranging from a 1-for-2 to 1-for-25 basis. If investors approve this plan, the company will decide on the ratio of its reverse stock split later.



Following approval, BuzzFeed will also have to decide on a time for the reverse stock split. The filing covering its shareholder meeting says it would do so within one year of getting stockholder approval.



<h2>Why a Reverse Stock Split for BZFD Shares?</h2>



BuzzFeed has had it rough ever since the company went public via a special purpose acquisition company (SPAC) merger. That initially saw an incredible drop in value shortly after it went public in December 2021.



And that negative momentum hasn&rsquo;t stopped since then. As a result, shares of BZFD stock are only trading for about 39 cents each as of this writing. This puts the company in danger of being delisted as it&rsquo;s below the $1 minimum bid required for a Nasdaq listing.



BuzzFeed is obviously looking to use its reverse stock split to boost the price of BZFD shares. Investors will want to keep an eye on the company to see how that works out for it.



BZFD stock is down 4.8% as of Tuesday morning.



Investors can find more of the most recent stock market stories below!



We have all of the hottest stock market news ready to go on Tuesday! With that comes coverage of Trump Media &amp; Technology&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/djt-stock-quote/">DJT</a><a href="https://investorplace.com/cryptocurrency//"></a><a href="https://investorplace.com/stock-quotes/-stock-quote/"></a>), Calidi Biotherapeutics (NYSEMKT:<a href="https://investorplace.com/stock-quotes/cldi-stock-quote/">CLDI</a>) and Kratos Defense&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/ktos-stock-quote/">KTOS</a>) shares. All of this news is ready to go at the following links!



<h2>More Tuesday Stock Market News</h2>



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<li><a href="https://investorplace.com/2024/04/trade-of-the-day-wager-on-kratos-defense-ktos-stock-as-drone-demand-heats-up/">Trade of the Day: Wager on Kratos Defense (KTOS) Stock as Drone Demand Heats Up</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/bzfd-stock-buzzfeed-is-prepping-for-a-reverse-stock-split/">BZFD Stock: BuzzFeed Is Prepping for a Reverse Stock Split</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

BZFD Stock: BuzzFeed Is Prepping for a Reverse Stock Split

In this recap of the most recent trading session, I review which trades I took this week. I also discuss stock buybacks.

Masters In Trading - Saturday, April 20

Benchmark Co. analyst Josh Sullivan maintained a Buy rating on Kratos Defense (KTOS – Research Report) today and set a price target of $25.00. The ...

Benchmark Co. Sticks to Its Buy Rating for Kratos Defense (KTOS)

ABBNY

AMZN

AVAV

CLDI

GBTC

ISRG

MSOS

UUUU

Press Releases

Kratos Awarded a $499 Million Multiple Award, Indefinite-Delivery/Indefinite-Quantity Contract for the Design, Build, Test, and Delivery of Functioning Anti-Tamper Solutions

General

Kratos Unmanned Systems Division Self-Driving Truck Leader Follower Platoon Fleet to Be Deployed in Ohio and Indiana

Financing

Kratos Receives $57.6 Million Contract for 70 BQM-177A Aerial Targets

Shield AI Conducts AI-Piloted Flights on Sixth Aircraft, the Kratos MQM-178 Firejet

Kratos and Shield AI Conduct AI-Piloted Flights on the Kratos Tactical Firejet

Kratos Demonstrates XQ-58A Electronic Warfare Capabilities for United States Marine Corps

Management

Kratos Announces New Director as Part of Ongoing Board Refresh and Augmentation Process

Kratos Demonstrates Fully Virtualized SATCOM Over LEO for U.S. Army

Kratos Defense & Security Solutions, Inc. Completes Development of the Zeus Solid Rocket Motor (SRM) Family with the Successful Zeus 2 Static Test Fire

Kratos Demonstrates Fully Virtualized SATCOM Ground System for U.S. Army Futures Command Over SES's O3b MEO Constellation