Leafbuyer Techs Stock (OTC:LBUY), Trade Ideas

Leafbuyer Technologies Inc operates an online portal for cannabis deals and specials. The company primarily serves legal cannabis dispensaries and companies who create cannabis-related products. It markets THC, CBD, CBG, Concentrates, and Edibles Products.

Cannabis

Earnings

News

Penny Stocks

Markets

LEAFBUYER TECHNOLOGIES by Leafbuyer Technologies, Inc.

LBUY

Leafbuyer Technologies (OTCQB: LBUY) released its second quarter financial results, revealing revenue of $1.3 million, a 45% increase compared to $923,829 in the Q2 FY 2021.

Leafbuyer Technologies Q2 FY22 Revenue Grows 45% YoY, First Profitable Quarter As Public Company

Cannabis technology and marketing platform Leafbuyer Technologies, Inc. (OTCQB: LBUY) reported Tuesday financial results for the third quarter ended Sep. 30 with revenue of $1.13 million, up by 32.5% from $851,693 in the same period year ago.

Cannabis Tech &amp; Marketing Platform Leafbuyer Q3 Revenue Grows 33% YoY

Leafbuyer Technologies, Inc (OTCQB: LBUY) annual revenue was $3.8 million, a 43% increase compared to $2.66 million in the previous year. 

Leafbuyer Technologies Shares Soar 17% On Earnings Release

Leafbuyer Technologies Inc

The Q1 earnings report for Aris Water Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARIS#NYSE">ARIS</a>) was released on Tuesday, May 7, 2024 at 04:10 PM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
Aris Water Solutions beat estimated earnings by 48.0%, reporting an EPS of $0.34 versus an estimate of $0.23.
Revenue was up $11.84 million from the same period last year.
<h3>Past Earnings Performance</h3>
During the previous quarter, the company beat on EPS by $0.04, leading to a 22.0% increase share price change the next day.
Here's a look at Aris Water Solutions's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.23</td>
<td>0.22</td>
<td>0.18</td>
<td>0.12</td>
<td>0.10</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.26</td>
<td>0.23</td>
<td>0.22</td>
<td>0.17</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>96.52M</td>
<td>96.66M</td>
<td>96.27M</td>
<td>92.61M</td>
<td>81.05M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>103.41M</td>
<td>104.12M</td>
<td>99.79M</td>
<td>96.63M</td>
<td>91.57M</td>
</tr>
</tbody>
</table>

<h3>Overview of Competitors' Recent Earnings</h3>
When analyzing Aris Water Solutions's numbers, it's imperative to put them into context by comparing them to those of its competitors, like LanzaTech Global, Enviri, and Perma-Fix Envirn Servs.
<ul>
<li>Despite market projections of an EPS of $-0.12, LanzaTech Global's earnings on May 09, 2024 fell short with an actual EPS of $-0.13, representing a -8.33% decrease from expectations.</li>
<li>Enviri's earnings on May 02, 2024 exceeded market projections, revealing an EPS of $-0.03 compared to the estimated EPS of $-0.09, resulting in a 66.67% increase.</li>
<li>Perma-Fix Envirn Servs announced earnings on May 09, 2024, revealing results below market expectations. Despite the market's anticipation of an EPS of $-0.25, Perma-Fix Envirn Servs's actual EPS was $-0.26, resulting in a -4.0% decrease compared to expectations.</li>
</ul>
<h3>Analysis of Competitors' Quarterly Earnings and Stock Performance</h3>
This analytical review offers valuable insights into how the market has perceived the most recent earnings updates from major competitors. It outlines the forecasted and disclosed earnings per share (EPS) for each company, as well as the related stock prices at the end of the announcement day and the start of the following trading day.

<table>
<thead>
<tr>
<th>Company Name</th>
<th>Date</th>
<th style="text-align: right;">EPS Expected</th>
<th style="text-align: right;">EPS Announced</th>
<th>EPS Change Percent</th>
<th>Stock Price At Close</th>
<th>Stock Price at Next Day Open</th>
<th>Price Change Percent</th>
</tr>
</thead>
<tbody>
<tr>
<td>Aris Water Solutions</td>
<td>May 7, 2024</td>
<td style="text-align: right;">0.23</td>
<td style="text-align: right;">0.34</td>
<td>47.83%</td>
<td>$15.6</td>
<td>$16.0</td>
<td>2.56%</td>
</tr>
<tr>
<td>LanzaTech Global</td>
<td>May 09, 2024</td>
<td style="text-align: right;">-0.12</td>
<td style="text-align: right;">-0.13</td>
<td>-8.33%</td>
<td>$2.45</td>
<td>$2.46</td>
<td>0.41%</td>
</tr>
<tr>
<td>Enviri</td>
<td>May 02, 2024</td>
<td style="text-align: right;">-0.09</td>
<td style="text-align: right;">-0.03</td>
<td>66.67%</td>
<td>$7.06</td>
<td>$7.24</td>
<td>2.55%</td>
</tr>
<tr>
<td>Perma-Fix Envirn Servs</td>
<td>May 09, 2024</td>
<td style="text-align: right;">-0.25</td>
<td style="text-align: right;">-0.26</td>
<td>-4.0%</td>
<td>$12.08</td>
<td>$11.93</td>
<td>-1.24%</td>
</tr>
</tbody>
</table>

<h3>Analyzing Peer Revenue Discrepancy: Estimated vs. Announced</h3>
Here's a comparison table presenting estimated and announced revenue figures for Aris Water Solutions's peers. This comparison offers insights into the revenue performance of these companies, providing valuable context for understanding their financial standing within the industry.

<table>
<thead>
<tr>
<th>Company Name</th>
<th>Estimated Revenue</th>
<th>Announced Revenue</th>
<th>Revenue Surprise Percentage</th>
</tr>
</thead>
<tbody>
<tr>
<td>Aris Water Solutions</td>
<td>96.52M</td>
<td>103.41M</td>
<td>7.13%</td>
</tr>
<tr>
<td>LanzaTech Global</td>
<td>11.10M</td>
<td>10.24M</td>
<td>-7.71%</td>
</tr>
<tr>
<td>Enviri</td>
<td>509.70M</td>
<td>600.32M</td>
<td>17.78%</td>
</tr>
<tr>
<td>Perma-Fix Envirn Servs</td>
<td>16.40M</td>
<td>13.62M</td>
<td>-16.97%</td>
</tr>
</tbody>
</table>

To track all earnings releases for Aris Water Solutions <a href="https://www.benzinga.com/quote/ARIS/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARIS

Aris Water Solutions Q1 Earnings Assessment

ARMN

Aris Mining Reports Q1 Adjusted Earnings Of $5.4M Or $0.04/Share

Orla Mining (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ORLA#AMEX">ORLA</a>) reported quarterly Adj earnings of $0.05 per share which beat the analyst consensus estimate of $0.04 by 25 percent. This is a 25 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $67.30 million which beat the analyst consensus estimate of $63.38 million by 6.19 percent. This is a 31.62 percent increase over sales of $51.13 million the same period last year.

Earnings Beats

ORLA

Orla Mining Q1 2024 Adj EPS $0.05 Beats $0.04 Estimate, Sales $67.30M Beat $63.38M Estimate

Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) reported quarterly losses of $(1.45) per share. This is a 76.83 percent decrease over losses of $(0.82) per share from the same period last year. The company reported quarterly sales of $17.16 million which beat the analyst consensus estimate of $16.39 million by 4.72 percent. This is a 6.76 percent increase over sales of $16.07 million the same period last year.

CETX

Cemtrex Q2 2024 GAAP EPS $(1.45) Down From $(0.82) YoY, Sales $17.16M Beat $16.39M Estimate

DJCO

Daily Journal Reports H1 Consolidated Revenues Of $32.56M, Up From $28.45M Last Year

<h2 class="wp-block-heading">Alaska: House Sends Cannabis Tax Measure To Senate&nbsp;</h2>
The Alaska House of Representatives voted Friday in favor of&nbsp;<a target="_blank" href="https://www.akleg.gov/basis/Bill/Detail/33?Root=HB%20119" rel="noreferrer noopener">House Bill 119</a>&nbsp;– a cannabis tax measure,&nbsp;<a target="_blank" href="https://alaskabeacon.com/briefs/alaska-house-approves-marijuana-tax-reform-advancing-bill-to-senate/" rel="noreferrer noopener">reported Alaska</a>&nbsp;Beacon.&nbsp;The measure was approved&nbsp;in a 36-3 vote.&nbsp;
If the bill passes the Senate and gets&nbsp;Gov. Mike Dunleavy's (R)&nbsp;signature&nbsp;it would create the state's first statewide sales tax, changing the current $50 per ounce marijuana tax to a 7% sales tax.
Ryan Tunseth, president of the Alaska Marijuana Industry Association, said he was pleased to see the bill pass the House, even with a tax rate higher than preferred by the industry.&nbsp;Tunseth added he would question cannabis businesses for their opinions on the&nbsp;current version of the bill.&nbsp;
The original recommendation in the bill was to impose a 3% sales tax, but that&nbsp;was deemed&nbsp;too low to get further legislative support, so a 10%&nbsp;was proposed, and later was lowered to 6%. On the House floor, an amendment raised it to 7%.&nbsp;
&nbsp;Rep. Jesse Sumner&nbsp;(R) believes that higher taxes will make it more likely for the bill to pass the Senate.&nbsp;
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cannabis/24/05/38674448/cannabis-investors-scammed-thousands-lost-in-bogus-resort-scheme-in-remote-alaskan-village" rel="noreferrer noopener">Cannabis Investors Scammed: Thousands Lost In Bogus Resort Scheme In Remote Alaskan Village</a>
<h2 class="wp-block-heading">New York: Senate Committee Approves Bill To Establish Overdose Prevention Center Program&nbsp;</h2>
The Senate Health Committee approved legislation&nbsp;that would establish&nbsp;a statewide&nbsp;overdose prevention center pilot program&nbsp;in New York. The committee members passed the bill,&nbsp;<a target="_blank" href="https://www.nysenate.gov/legislation/bills/2023/S399/amendment/B" rel="noreferrer noopener">S.339</a>, from&nbsp;Sen. Gustavo Rivera&nbsp;(D) last week in a 7-6 vote.&nbsp;
In 2021,&nbsp;New York City became the first in the nation to open two overdose prevention centers&nbsp;where people can&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cannabis/21/12/24381259/new-york-city-opens-first-overdose-prevention-center-pilots-in-u-s-effort-to-stem-overdose-crisi" rel="noreferrer noopener">use illicit drugs and receive medical care and services</a>. Overdose prevention centers are safe spaces for people to consume pre-obtained drugs in controlled settings under the supervision of trained staff. Users have access to sterile consumption equipment, tools to check their drugs for the presence of fentanyl and connections to health care, counseling as well as referrals to health and social services, including drug treatment. The measure is now heading to the Senate Finance Committee.&nbsp;
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cannabis/24/01/36695680/i-got-treated-like-i-was-human-says-one-of-2-8k-participants-of-overdose-prevention-centers-that" rel="noreferrer noopener">&#8216;I Got Treated Like I Was Human,&#8217; Says One Of 2.8K Participants Of Overdose Prevention Centers That Save Hundreds Of Lives</a>
"The department is hereby authorized to establish a five-year safer consumption services pilot program for the operation of ten overdose prevention centers throughout the state," reads the legislation. "Such program shall be focused on reducing the risk of an overdose and other harmful effects associated with substance use."
As more states embrace legal cannabis, the opportunities in the industry grow. To learn all about the future of the cannabis industry, join us at the Benzinga Cannabis Capital Conference this October in Chicago. Hear directly from key industry players and policymakers. Get your tickets now by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>. 
<h2 class="wp-block-heading">New Hampshire: Senate President Doesn't Want To See Cannabis Legalization, Period&nbsp;</h2>
Senate President&nbsp;Joseph E. &#8220;Jeb&#8221; Bradley&nbsp;(R) said he doesn't want to see the cannabis legalization bill leave the state Senate.&nbsp;
In a Sunday interview with WMUR, Bradley commented&nbsp;marijuana&nbsp;legalization measure, expressing his opposition.&nbsp;
"Marijuana is going to rise or fall on its own merits," he said. "I think there are significant problems with legalizing marijuana—health problems [and] mental health problems that are increasingly becoming documented."
"I don't think any state should invite the black market into their state for marijuana, and that's what will happen. And look, I say that as somebody who was the architect of the compromise to decriminalize marijuana. But sometimes a step too far is a step too far, and that's what I think marijuana is."
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Jeb Bradley says he does not want to see cannabis legalization bill leave NH Senate &#x7C; CloseUp" width="500" height="281" src="https://www.youtube.com/embed/F8z6hD69WDo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Bradely's comments&nbsp;come following&nbsp;the Senate Judiciary Committee's approval of an amended version of the cannabis legalization bill to make it&nbsp;more in line with&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cannabis/24/04/38220725/new-hampshire-house-passes-gop-led-cannabis-legalization-bill-that-doesnt-meet-all-governors-req" rel="noreferrer noopener">Governor Chris Sununu&#8217;s&nbsp;(R) requirements</a>. The amended version of the bill includes a franchise model capping the number of retail storefronts at 15 across the state,&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cannabis/24/05/38735504/colorado-new-hampshire-send-cannabis-bills-to-governors-illinois-social-equity-licenses-and-upda" rel="noreferrer noopener">among other amendments.</a>&nbsp;

<h2 class="wp-block-heading">Arizona: Possible Contamination Of Cannabis Products With Aspergillus&nbsp;</h2>
The Arizona Department of Health Services (ADHS)&nbsp;<a target="_blank" href="https://www.azdhs.gov/policy-intergovernmental-affairs/index.php#news-release-050624" rel="noreferrer noopener">announced last</a>&nbsp;week that a state cannabis establishment is voluntarily recalling a specific product due to possible contamination with Aspergillus, a fungus that&nbsp;can cause allergic reactions or infection, usually in people already sick with something else.
The product&nbsp;being voluntarily recalled&nbsp;is&nbsp;Onion Bhaji, Batch number OBHA111423, and the department is&nbsp;advising purchasers to dispose of the product described in the table below, which was found in laboratory tests to be positive for the fungus. To date, no illnesses have&nbsp;been reported.
This&nbsp;is not the first time&nbsp;that a&nbsp;cannabis mold alert has happened in the Grand Canyon State. In November, marijuana&nbsp;dispensary,&nbsp;Nirvana&nbsp;Center,<a target="_blank" href="https://www.benzinga.com/markets/cannabis/23/11/36012998/cannabis-mold-alert-in-arizona-california-nears-5-5b-tax-milestone-search-for-marijuana-breathal" rel="noreferrer noopener">&nbsp;issued a voluntary recall</a>&nbsp;for its &#8220;Grim Reefer&#8221; products after they tested positive for&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cannabis/23/09/34122583/oregon-court-halts-zero-tolerance-aspergillus-mold-testing-cannabis-cultivators-find-respite" rel="noreferrer noopener">Aspergillus</a>.
Photo: Courtesy of Pong Pong via Shutterstock

Alaska's Cannabis Tax, New York's Overdose Prevention, Possible Product Contamination In Arizona & More

It is payable June 12, 2024, to shareholders of record as of the close of business May 28, 2024.

Dividends

Northrop Grumman Boosts Quarterly Dividend By 10% From $1.87 To $2.06 Per Share

Investcorp Credit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICMB#NASDAQ">ICMB</a>) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.12 by 16.67 percent. This is a 22.22 percent decrease over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $6.62 million which beat the analyst consensus estimate of $6.18 million by 7.09 percent. This is a 5.54 percent decrease over sales of $7.01 million the same period last year.

ICMB

Investcorp Credit Q3 EPS $0.14 Beats $0.12 Estimate, Sales $6.62M Beat $6.18M Estimate

Guidance

MOBX

Mobix Labs Sees Q4 2024 $2.6M-$3.2M

Mobix Labs Sees Q3 2024 Revenue $1.8M-$2.2M

Wedbush Securities released a report on Curaleaf Holdings, Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>), the largest U.S. cannabis company by market cap, raising the stock&#39;s 12-month price target to $7.00 from $6.00 and maintaining a buy recommendation (Outperform rating).
<h3>Key Financials And Rating</h3>
Curaleaf&#39;s market cap stands at $4.12 billion with an enterprise value of $4.60 billion. The <a href="https://www.benzinga.com/markets/cannabis/24/05/38748891/curaleaf-reports-q1-2024-revenue-of-339m-48-gross-margin-amid-strategic-global-expansion">company reported Q1 2024 revenue of $338.9 million</a>, aligning with expectations, and a sequential improvement in gross margin.
The projected revenue for 2024 is $1.40 billion, with adjusted <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38805354/analysts-may-need-to-revise-cannabis-stock-projections-for-2024-10-companies-surpas">EBITDA expected </a>to be $339 million, according to the report, authored by analysts Gerald Pascarelli and Antoine Legault.
<h3>Domestic And International Expansion</h3>
Curaleaf continues to benefit from strong performance in key domestic markets such as <a href="https://www.benzinga.com/topic/connecticut-cannabis">Connecticut</a>, <a href="https://www.benzinga.com/topic/arizona-cannabis">Arizona</a>, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33329222/the-maryland-effect-a-game-changer-for-the-east-coast-cannabis-industry">Maryland</a>&nbsp;and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36250035/a-2024-investor-guide-to-new-yorks-cannabis-market-expansion-the-mso-wealth-roadmap">New York</a>. The report highlights upcoming catalysts, including the adult-use rollout in Ohio and potential expansion in <a href="https://www.benzinga.com/topic/florida-cannabis">Florida</a>, contingent on a November ballot initiative.
Internationally, Curaleaf&#39;s operations have exceeded expectations following Germany&#39;s removal of cannabis from its narcotics list.
The company anticipates international revenue to reach $100 million in 2024, with further growth expected in 2025 and beyond, particularly in <a href="https://www.benzinga.com/topic/germany-cannabis">Germany</a>, the UK, and Poland.
<h3>New Product Lines</h3>
Curaleaf is set to launch a new line of <a href="https://www.benzinga.com/topic/cannabis-beverages">hemp-derived THC beverages</a> and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33369455/sweet-treats-take-over-gummie-consumption-outpaces-flower-in-latest-consumer-data-h">edibles</a> under its Select brand in the second half of 2024. While not expected to contribute significantly to short-term revenue, this move is seen as a long-term growth opportunity, opening new markets and potentially improving margins.
To learn more about the cannabis business and how to invest in the sector,&nbsp;don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
<h3>Updated Guidance</h3>
Curaleaf&#39;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38772876/cannabis-reports-highlight-339m-and-297-6m-revenue-insights-in-curaleaf-and-truliev">quarterly revenue</a> is expected to grow consistently throughout the year, with Q4 projected at $362.6 million. For 2025, the annual revenue is forecasted to increase to $1.50 billion.
Curaleaf has reiterated its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38656307/big-players-in-u-s-cannabis-could-play-the-stock-value-card-in-m-a-new-report-shows">2024 outlook</a>, projecting mid-single-digit revenue growth and adjusted EBITDA margins in the mid-20s. Capital expenditures for 2024 are forecasted between $50 to $70 million, depending on the outcomes of adult-use expansions and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38470560/landing-in-floridas-cannabis-market-legal-adult-use-marijuana-could-yield-874m-in-2">Florida initiatives</a>.
Wedbush has adjusted its estimates, lowering 2024 EBITDA to $339 million, a 9.35% increase from 2023&#39;s $310 million, but raising 2025 EBITDA to $404 million, reflecting anticipated <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38657697/post-cannabis-rescheduling-whats-next-for-marijuana-giants-potential-1-1b-cash-flow">improvements in profitability</a>.
Photo: AI-Generated Image.&nbsp;

Analyst Color

Emerging Markets

Analyst Ratings

Trading Ideas

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

Largest Cannabis Co. Curaleaf's $1.5B Projected Revenue For 2025: Analyst Raises Rating To Outperform

Mobix Labs Q2 2024 EPS $(0.21) Up From $(0.94) YoY; Revenue $1.145M Up From $32K YoY

Encompass Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EHC#NYSE">EHC</a>) has outperformed the market over the past 15 years by 3.55% on an annualized basis producing an average annual return of 15.96%. Currently, Encompass Health has a market capitalization of $8.74 billion. 
Buying $1000 In EHC: If an investor had bought $1000 of EHC stock 15 years ago, it would be worth $9,481.98 today based on a price of $86.85 for EHC at the time of writing.
<h3>Encompass Health's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715722221_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Encompass Health Stock In The Last 15 Years

Equinix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>) has outperformed the market over the past 20 years by 9.76% on an annualized basis producing an average annual return of 17.88%. Currently, Equinix has a market capitalization of $74.96 billion. 
Buying $1000 In EQIX: If an investor had bought $1000 of EQIX stock 20 years ago, it would be worth $27,301.07 today based on a price of $789.82 for EQIX at the time of writing.
<h3>Equinix's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715722215_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EQIX

Here's How Much $1000 Invested In Equinix 20 Years Ago Would Be Worth Today

Shares of GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) and other meme stocks are rocketing higher in the first two days of the trading week, drawing comparisons to the <a href="https://www.benzinga.com/general/gaming/23/01/30412695/gamestop-short-squeeze-anniversary-a-look-back-at-david-vs-goliath-battle-and-whats-next">meme stock rally of 2021.</a>
The meme stock rally of 2021 was eventually brought to an end thanks to several developments. Here&#8217;s a look back at the past and what the future could hold. 
Related Link: <a href="https://www.benzinga.com/general/education/24/05/38793704/who-is-roaring-kitty-why-does-his-return-to-social-media-matter-for-gamestop-stock">Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?</a>
<ol>
<li>Stock Offerings: One move that could throw cold water on rallying meme stocks: a share offering by one of the popular companies like GameStop or AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>). CNBC host Jim Cramer sounded a cautionary note on this, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38815078/jim-cramer-bets-cash-strapped-amc-gamestop-may-issue-shares-to-capitalize-on-new-me">saying he was</a> "waiting for AMC to issue stock to the throng." Cramer also said that GameStop "would be nuts" if it did not authorize an at-the-money share offering to "raise cash and reinvest." A share offering could leave investors feeling duped or bowing out from their trade.</li>
<li>Congressional Action: The rally in 2021 led to a Congressional hearing that saw Keith Gill, aka Roaring Kitty, and others connected to the GameStop storyline being compelled to testify. Congress got involved before brokerages stopped trading on certain stocks and elected officials also used the events to call for increased regulation over the stock market.</li>
<li>Roaring Kitty X Account: The posting of a meme by the Roaring Kitty <a href="https://www.benzinga.com/markets/equities/24/05/38787490/gamestop-shares-surge-as-roaring-kitty-resurfaces-after-3-year-silence">account on Sunday</a> kickstarted the latest rally. On Monday and Tuesday, the account<a href="https://www.benzinga.com/general/gaming/24/05/38798005/roaring-kitty-doubles-down-posts-new-videos-on-x-sending-gamestops-stock-higher"> posted numerous videos </a>with clips from movies suggesting he's back, the trade isn't over and that perhaps a sequel is planned. While there is no proof to suggest it, there is the possibility that this is not actually Roaring Kitty posting. Roaring Kitty previously posted on Reddit and shared videos on YouTube with his face as well as posted on X, formerly known as Twitter. The posts have not contained any video from Gill himself. This could mean Gill isn't ready to show himself publicly — or someone else could be posting. It&#8217;s possible Gill's account could have been hacked or purchased by someone else.</li>
<li>Brokerages: A contributing factor to the end of the meme stock rally in 2021 was brokerages halting trading in certain stocks and allowing users only to sell, not buy new positions. This move led to many saying the small investors, aka David, will never win in a battle against the hedge funds and big investors, aka Goliath. Shares of multiple meme stocks were halted on Monday and Tuesday due to volatility. This time around traders can be more active with the stocks thanks to 24-hour trading now being availble on several brokerages. Cramer has praised Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), perhaps sarcastically, for "keeping the casino open at all hours."</li>
<li>New Shiny Object: Retail investors have grown in number in recent years, which often means that certain markets see increased volatility as traders chase trends. The rise in volatility and value has hit meme coins, cryptocurrencies, value stocks, artificial intelligence stocks, trading cards and even bonds in recent years. While investors are glued to the action of meme stocks right now, that attention could eventually die out depending on share prices — or another "shiny object" that captures everyone's attention coming along.</li>
</ol>
GME Price Action: GameStop shares closed 59.84% higher at $48.75 Tuesday, hitting new 52-week highs of $64.83 during the intraday session.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/05/38804938/if-you-invested-1-000-in-gamestop-stock-when-dumb-money-was-released-in-movie-theaters-here">If You Invested $1,000 In GameStop Stock When &#8216;Dumb Money&#8217; Was Released In Movie Theaters, Here&#8217;s How Much You&#8217;d Have Today</a>

Equities

Movers

HOOD

5 Ways The GameStop, Meme Stocks Rally Could Fizzle: Stock Offerings, Boredom And More

WIIM

iPower shares are trading higher after the company reported better-than-expected Q3 financial results.

PXLW

Pixelworks shares are trading lower after the company issued soft Q2 guidance.

Electronic Arts Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) Madden NFL 25 is reportedly set for release on Aug. 16, <a href="https://www.dealabs.com/magazine/on-connait-la-date-de-sortie-du-prochain-madden-nfl-25-50251">according</a> to a reliable leak by <a href="https://www.benzinga.com/general/gaming/23/10/35333156/playstation-5-slim-us-launch-date-and-bundle-leak-all-you-need-to-know">billbil-kun. </a>
Players who purchase the Deluxe Edition or subscribe to EA Play will have early access starting Aug. 12. The game will come in two editions: the Standard Edition priced at $69.99 and the Deluxe Edition at $99.99.
See Also: <a href="https://www.benzinga.com/general/gaming/24/02/37172804/college-football-video-game-fans-rejoice-eas-ncaa-game-is-almost-here">College Football Video Game Fans Rejoice: EA&#8217;s NCAA Game Is Almost Here</a>
EA Orlando, previously known as EA Tiburon, will develop the game. While the cover athlete for this year&#8217;s installment has not been revealed, a detailed announcement is expected on May 16. This reveal will coincide with the announcement of the cover athlete for College Football 25, marking the first entry in that series since 2013.
Madden NFL 25 is set to feature enhancements to its FieldSense technology, which first appeared in Madden NFL 23, offering more realistic animations and fluid gameplay.
On the same day, Prime Video announced a four-part docuseries about the history of the Madden video game franchise. This adds to the excitement surrounding the release of Madden NFL 25.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/01/36855650/electronic-arts-q3-earnings-highlights-sales-miss-eps-beat-madden-and-soccer-games-power-through">Electronic Arts Q3 Earnings Highlights: Sales Miss, EPS Beat, Madden And Soccer Games Power Through</a>
Photo: Shutterstock.

Gaming

Sports

Madden NFL 25 Release Date Leak: Early Access, Pricing Details

HTCR

Heartcore CEO Sumitaka Kanno Yamamoto Says Remainder Of The Year, Focus Remains On Expanding Enterprise Software Business Through Ongoing Cost Reduction Strategies And Identifying Synergistic Opportunities With Subsidiaries And Divisions; Remain Committed To Sustaining Trajectory Throughout 2024 As We Strive Towards Overall Profitability; Anticipate Announcing Completion Of Several IPOs This Year

<a href="https://www.globenewswire.com/Tracker?data=BGKfjL4c6l395n9zzi-sSDQOqiQG9eKHIpRY1d_b8UDZcLYcbjheqUugX2P7Xo7au9hQ8yvDhMfmQuYpLAzfV_pDLXvIXBK0zxlTlDS-zXI=">Workhorse Group Inc.</a> (NASDAQ:<a href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced that at its 2024 Annual Meeting of Stockholders (the "Annual Meeting"), Workhorse stockholders voted to approve key proposals that enable the Company to continue executing its strategic commercial vehicle product roadmap. &nbsp;
At the Annual Meeting, stockholders approved, among other proposals:
<ol>
<li>Re-election of the following persons to the Company's Board of Directors for the ensuing year: Raymond Chess, Richard Dauch, Jacqueline Dedo, Pamela Mader, Scott Miller, Bill Quigley, and Jean Botti. The Directors have been elected to serve a term expiring at the 2025 annual meeting of stockholders; &nbsp;</li>
<li>Pursuant to Nevada Revised Statutes 78.2055, a reverse stock split of Workhorse's outstanding shares of common stock by a ratio of any whole number between 1-for-10 and 1-for-20, at any time prior to August 30, 2024, to be determined at the discretion of the Board of Directors, for the purpose of complying with the Nasdaq Listing Rules, subject to the Board's discretion to abandon such reverse stock split; and</li>
<li>For the purposes of Nasdaq Listing Rule 5635(D), the proposed issuance of the maximum number of shares of Workhorse common stock underlying the Company's (A) senior secured convertible notes and (B) warrants to purchase common stock.</li>
</ol>
Workhorse will file the final vote results, as certified by the independent Inspector of Election, on a Form 8-K with the U.S. Securities and Exchange Commission.

Stock Split

WKHS

Workhorse Group Stockholders Approve Proposal Of A Reverse Stock Split Of Outstanding Shares By A Ratio Between 1-For-10 And 1-For-20, At Any Time Prior To August 30, 2024

Leafbuyer Technologies Inc (LBUY) stock is unchanged 0.00% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. Leafbuyer Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LBUY!See Full LBUY ReportWhat is Stock Sentimen

Is Leafbuyer Technologies Inc (LBUY) a Stock to Watch After Losing 0.00% This Week?

Leafbuyer Technologies reports FY results

Leafbuyer Technologies Inc (LBUY) stock is unmoved 0.00% over the last 12 months. InvestorsObserver's proprietary ranking system, gives LBUY stock a score of  27 out of a possible 100. That rank is primarily influenced by a long-term technical score of 27. LBUY's rank also includes a short-term technical score of 55.  LBUY

Leafbuyer Technologies Inc (LBUY) Stock Falls -33.33% This Week; Should You Buy?

Leafbuyer Technologies Inc (LBUY) stock has fallen 33.33% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. Leafbuyer Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LBUY!See Full LBUY ReportWhat is Stock Sentiment

Is Leafbuyer Technologies Inc (LBUY) Stock About to Get Hot Thursday?

Leafbuyer Technologies Inc (LBUY) stock is higher by 25.00% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. Leafbuyer Technologies Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on LBUY!See Full LBUY ReportWhat is Stock Sentime

Is it Time to Dump Leafbuyer Technologies Inc (LBUY) Stock After it Is Higher By 25.00% in a Week?

Overall market sentiment has been high on Leafbuyer Technologies Inc (LBUY)  stock lately. LBUY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator. Leafbuyer Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LBUY!See Full LBUY Repo

Is it Time to Dump Leafbuyer Technologies Inc (LBUY) Stock After it Is Down 20.00% in a Week?

Leafbuyer Technologies announces best sales month in company history

Leafbuyer Technologies Inc (LBUY) stock has fallen -33.33% over the last 12 months. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives LBUY stock a score of  15 out of a possible 100. That rank is chiefly influenced by a long-term technical score of 20. LBUY's rank also includes a short-term technical score of 26.  LBUY

Is Leafbuyer Technologies Inc (LBUY) Stock a Smart Investment Friday?

Overall market sentiment has been down on Leafbuyer Technologies Inc (LBUY)  stock lately. LBUY receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. Leafbuyer Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LBUY!See Full LBUY Repo

Do Traders Think Leafbuyer Technologies Inc (LBUY) Can Turn Around Monday?

Leafbuyer Technologies Inc (LBUY) stock is down -62.50% over the last 12 months. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives LBUY stock a score of  19 out of a possible 100. That rank is  influenced by a long-term technical score of 11. LBUY's rank also includes a short-term technical score of 46.  LBUY has an Ov