Short interest for Proto Labs gives investors a sense of the degree to which investors are betting on the decline of Proto Labs's stock. Short interest data is updated every two weeks.

Proto Labs Stock (NYSE:PRLB), Short Interest Report

Proto Labs

Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. Proto Labs uses injection molding, computer numerical control machining, and 3-D printing to manufacture custom parts for its clients. The company services clients' needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. The majority of its revenue is derived from the United States of America.

PRLB

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News

Guidance

Buybacks

Small Cap

BULD

PRNT

Proto Labs, Inc. reported 1.6% revenue growth in Q1 FY24, beating consensus. Adjusted gross margin and operating income also increased. Q2 outlook is mixed.

Proto Labs Scores First-Quarter Beat, Fueled By Order Growth, Higher-Margin Factory Business

Proto Labs, Inc. reported strong Q4 results, with revenue up 8.2% YoY and exceeding expectations. The company expects softer start to 2024, due to December 2023 and early January 2024 order levels being lower than historical periods.

Protolabs Sees Softer Start To 2024 Despite Hitting $500M Milestone Revenue In 2023: Details

Events

WDFC

Editor&#39;s note: This story has been updated to correct the spelling of Brooke Wrobel&#39;s name. 

Maize And Blue Stock Pitch Competition: Nurturing The Next Generation Of Finance Leaders (CORRECTED)

Proto Labs Inc

Craig-Hallum analyst Greg Palm maintains Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) with a Hold and lowers the price target from $38 to $34.

Price Target

Analyst Ratings

Craig-Hallum Maintains Hold on Proto Labs, Lowers Price Target to $34

Needham analyst James Ricchiuti reiterates Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Proto Labs

Proto Labs, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) shares are trading higher after&nbsp;it reported&nbsp;first-quarter FY24 revenue growth of 1.6% Y/Y to $127.89 million,&nbsp;beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38608063/protolabs-reports-financial-results-for-the-first-quarter-of-2024" rel="noreferrer noopener">consensus of $124.68 million</a>.
Protolabs Network revenue increased 38.9% Y/Y to $23.9 million in the quarter.&nbsp;
Adjusted gross margin expanded to 45.6% from 43.4% for the quarter.
Adjusted operating income increased to $12.1 million (from $9.0 million a year ago), and the margin was 9.5%, up from 7.2% a year ago.
Adjusted EBITDA increased to&nbsp;$20.2 million (15.8% of revenue) from $17.8 million (14.1% of revenue) a year ago.&nbsp;
The digital manufacturing company posted an adjusted EPS of $0.40, an improvement from $0.30 Y/Y,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of $0.31.</a>
Protolabs&#8217;&nbsp;cash flow from&nbsp;operations for&nbsp;the quarter totaled $21.3 million, and the cash and investments balance was $112.9 million as of March-end.
Dan Schumacher, Chief Financial Officer, said,&nbsp;&#8220;Our results&nbsp;were driven&nbsp;by increased order growth relative to the beginning of the year as well as strong performance in our higher-margin Factory business. We remain committed to returning capital to shareholders as we repurchased $16.0 million of common stock in the quarter, equivalent to 85% of free cash flow.&#8221;
Q2 Outlook:&nbsp;Protolabs expects to generate revenue between $122 million-$130 million versus $128.26 million consensus and sees adjusted EPS of $0.30-$0.38&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus $0.39 consensus</a>.
Investors can gain exposure to the stock via&nbsp;3D Printing (The) ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/PRNT#BATS">PRNT</a>) and&nbsp;Pacer BlueStar Engineering The Future ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BULD#NASDAQ">BULD</a>).
Price Action:&nbsp;PRLB shares are trading higher by 5.59% at $32.88&nbsp;at the last check Friday.

Second Quarter&nbsp;2024&nbsp;Outlook
For the&nbsp;second quarter&nbsp;of 2024, the Company expects to generate revenue between&nbsp;$122 million&nbsp;and&nbsp;$130 million.
The Company expects&nbsp;second quarter&nbsp;2024 diluted net income per share between&nbsp;$0.11&nbsp;and&nbsp;$0.19, and non-GAAP diluted net income per share between&nbsp;$0.30&nbsp;and&nbsp;$0.38

Protolabs Q2 Outlook: Expects Revenue Of $122M-$130M Vs. $128.256M Consensus; Sees Adj. EPS Of $0.30-$0.38 Vs. $0.39 Consensus

Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.31 by 29.03 percent. This is a 33.33 percent increase over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $127.890 million which beat the analyst consensus estimate of $124.683 million by 2.57 percent. This is a 1.61 percent increase over sales of $125.859 million the same period last year.

Earnings Beats

Proto Labs Q1 2024 Adj EPS $0.40 Beats $0.31 Estimate, Sales $127.890M Beat $124.683M Estimate

Proto Labs, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) reported fourth-quarter fiscal 2023 revenue growth of 8.2% year-over-year to $125.05 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37029908/protolabs-reports-financial-results-for-the-fourth-quarter-and-full-year-2023" rel="noreferrer noopener">beating the consensus of $122.72 million.</a>
Protolabs Network revenue increased 52% YoY to $22.5 million. The digital manufacturing company posted an adjusted EPS of $0.46, an improvement from $0.26 YoY,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of $0.30.</a>
The gross profit increased 14.8% Y/Y to $55.81 million, and the margin expanded by 260 bps to 44.6%. Adjusted gross margin expanded to 45.3% from 42.8% for the quarter.
Adjusted operating income increased 97.1% Y/Y to $14.06 million, and the margin was 11.2%, up from 6.2% a year ago.
Adjusted EBITDA increased 53.8% Y/Y to $22.29 million, and the margin expanded by 530 bps to 17.8%.
Protolabs&#8217; cash flow from operations for the fiscal totaled $73.27 million, compared to $62.09 a year ago. Cash and cash equivalents were $83.79 million as of December 31, 2023.
Protolabs repurchased $44 million in common shares during the year.
Rob Bodor, President and Chief Executive Officer, said, &#8220;For the full year, we generated revenue above $500 million for the first time in our 25-year history, while delivering improved earnings, robust cash flow, and substantial capital returned to shareholders.&#8221;
1Q Outlook:&nbsp;Protolabs expects to generate revenue between $120 million-$128 million versus $127.7 million consensus and sees Adjusted EPS of $0.26-$0.34 versus $0.34 consensus.
The guidance reflects a softer start to 2024 due to December 2023 and early January 2024 order levels being lower than historical periods.
Price Action:&nbsp;PRLB shares are trading higher by 2.29% at $38.04 on the last check Friday.

Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) reported quarterly adjsuted earnings of $0.46 per share which beat the analyst consensus estimate of $0.30 by 53.33 percent. This is a 76.92 percent increase over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $125.05 million which beat the analyst consensus estimate of $122.72 million by 1.90 percent. This is a 8.17 percent increase over sales of $115.61 million the same period last year.

Proto Labs Q4 Adj. EPS $0.46 Beats $0.30 Estimate, Sales $125.05M Beat $122.72M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; TELUS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TU#NYSE">TU</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $5.24 billion.
&bull; Canopy Gwth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) is likely to report quarterly loss at $0.37 per share on revenue of $55.44 million.
&bull; Fortis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTS#NYSE">FTS</a>) is expected to report quarterly earnings at $0.53 per share on revenue of $2.39 billion.
&bull; AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $5.25 billion.
&bull; Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $9.88 billion.
&bull; TELUS Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $932.03 million.
&bull; Listed Funds Trust Roundhill Cannabis ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WEED#BATS">WEED</a>) is likely to report quarterly loss at $0.49 per share on revenue of $74.78 million.
&bull; Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) is likely to report quarterly earnings at $0.08 per share on revenue of $182.20 million.
&bull; W.P. Carey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPC#NYSE">WPC</a>) is expected to report earnings for its fourth quarter.
&bull; Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) is estimated to report quarterly earnings at $0.13 per share on revenue of $394.48 million.
&bull; Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $11.91 billion.
&bull; Mr. Cooper Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) is expected to report quarterly earnings at $1.33 per share on revenue of $416.70 million.
&bull; PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is likely to report quarterly earnings at $1.72 per share on revenue of $28.40 billion.
&bull; MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) is expected to report quarterly earnings at $1.99 per share on revenue of $13.97 billion.
&bull; Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) is projected to report quarterly earnings at $1.48 per share on revenue of $10.41 billion.
&bull; Blue Owl Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $428.71 million.
&bull; Catalent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTLT#NYSE">CTLT</a>) is likely to report quarterly loss at $0.02 per share on revenue of $1.01 billion.
&bull; Embecta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $264.91 million.
&bull; Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $12.64 billion.
&bull; AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $676.01 million.
&bull; Newell Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $1.98 billion.
&bull; Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) is expected to report quarterly earnings at $1.59 per share on revenue of $286.18 million.
&bull; Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $122.72 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Amtech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASYS#NASDAQ">ASYS</a>) is projected to report earnings for its first quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AMCX

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WEED

Earnings Scheduled For February 9, 2024

Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-09. Here's what investors need to know before the announcement.
Analysts estimate that Proto Labs will report an earnings per share (EPS) of $0.30. 
Proto Labs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.21, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Proto Labs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.30</td>
<td>0.30</td>
<td>0.23</td>
<td>0.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.33</td>
<td>0.30</td>
<td>0.26</td>
</tr>
<tr>
<td>Price Change %</td>
<td>30.41%</td>
<td>-3.65%</td>
<td>12.17%</td>
<td>13.14%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707404471_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Proto Labs were trading at $36.0 as of February 07. Over the last 52-week period, shares are up 4.95%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PRLB/earnings">To track all earnings releases for Proto Labs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Proto Labs's Earnings: A Preview

Editor&#39;s note: This story has been updated to correct the spelling of Brooke Wrobel&#39;s name.&nbsp;
As the financial world gears up for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36564250/bank-of-america-predicts-10-2024-market-surprises-from-booming-ipos-to-japanese-equ">an exciting new year</a>, the Maize and Blue Stock Pitch Competition is set to take the stage once again on Feb.&nbsp;9, 2024.
This competition, rapidly becoming a cornerstone event for the Ross School of Business at the University of Michigan, offers a unique platform for students to showcase their stock analysis abilities and pitch their investment ideas to seasoned professionals.
<a href="https://www.benzinga.com/general/education/23/03/31480770/maize-and-blue-stock-pitch-competition-showcasing-student-talents-in-the-world-of-finance">As one of last year&rsquo;s </a>distinguished judges, Jordan Hymowitz, Managing Principal/Portfolio Manager at Philadelphia Financial Management of San Francisco and co-founder of the competition, reflects on its inaugural success: &ldquo;The students were well prepared and their ideas thoroughly researched. I especially enjoyed challenging and questioning the students as I don&#39;t think many of them are challenged or prodded on their thesis, and this forced them to defend their ideas or modify them as need be. ... I think the contest has a bright future.&rdquo;
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/01/36609825/oil-prices-soar-as-stakes-raised-in-red-sea-conflict-us-led-coalition-strikes-houthis-in-yemen">Oil Prices Soar As Stakes Raised In Red Sea Conflict: US-Led Coalition Strikes Houthis In Yemen</a>
What&#39;s New in 2024? 
The upcoming competition promises an unparalleled opportunity for students to work closely with investment experts, receiving direct feedback on their investment strategies. It&#39;s not just about the competition, as the event serves as a fantastic networking opportunity for students and professionals alike.
Proudly sponsored by William Blair &amp; Company, Philadelphia Financial Management of San Francisco, LLC, and Thrivent Financial, this year also brings generous prizes for the winners. $5,000 will be awarded to the student who presents the best investment thesis, with second and third places receiving $2,000 and $1,000, respectively.
The criteria for selecting stocks have been updated for the competition&#39;s second year. Students must present their thesis on a U.S. publicly traded company with a market cap of at least $100 million, with at least $2 million&nbsp;of daily volume from October through December 2023.
This means ADRs, ETFs and other securities are ineligible for the competition. Similar to the inaugural competition in 2023, both long and short theses are eligible.
More details about the upcoming event can be found <a href="https://www.mbefund.org/pitchcompetition/">here</a>.
Recap of Last Year&rsquo;s Performance
In the spirit of the learning process, it is key to reflect on the results of the inaugural competition. Looking back at the previous student picks, here&rsquo;s how each&nbsp;stock has performed since the pitches were presented (March 24, 2023 to Dec. 27, 2023).
In the context of the paper trading competition, it&#39;s worth noting that some students personally held positions in the stocks they chose for the contest. This added an extra layer of real-world relevance to their analysis and presentations, although the competition itself and the rankings were based on theoretical trades and the quality of their investment theses.
Sajiv Shah, Bullish Gray Television (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtn#NYSE">GTN</a>): Sajiv was counting on a rebound from previous earnings misses, forecasting the company will benefit from the rapid rise in political advertising spend in current and emerging swing states. Somewhat aligned with the bullish call, the stock has risen +5.6% for the given period.
Brooke Wrobel, Bullish Toll Brothers (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>): Wrobel was anticipating interest rates would stabilize, certain costs would come down, and would benefit from higher-end buyers weathering market conditions better than average homebuyers. Aligned with the bullish call, the stock has risen a stunning +78.1% for the given period.
Francesco De Col, bullish on&nbsp;Masterbrand (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mbc#NYSE">MBC</a>): De Col thought investors were negatively misunderstanding the housing situation, and he was counting on its diverse product base and history of pricing power along with margin expansion. Aligned with the bullish call, the stock has risen a stellar +108.3% for the given period.
Tejas Gumudavelly, Third Place, bullish on&nbsp;Proto Labs (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prlb#NYSE">PRLB</a>): Gumudavelly, now the student president of the Maize and Blue fund, forecasted strong cash flow from Proto Labs&rsquo; reduced production lag time, along with lower shipping costs from being positioned near its clients in the Northwest and Northeast. Aligned with the bullish call, the stock has risen +27.2% for the given period.
Shrey Dalal, Second Place, bullish on&nbsp;ON Semiconductor (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/on#NASDAQ">ON</a>): Dalal was counting on the company&rsquo;s product mix and the focus on developing the next generation of chips and had a price target of $105. At about $85, the stock didn&rsquo;t quite reach the price target (yet), but the stock has still risen +9.3% for the given period.
Taylor Bielefeld, First Place, bearish on&nbsp;WD-40 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wdfc#NASDAQ">WDFC</a>): Bielefeld forecasted a decline in sales resulting from the gradual conversion to electric vehicles, which require much less use of WD-40&rsquo;s main products, and had a price target of $75. At about $241, the stock has distanced itself from his price target, rising +39.5% for the given period.
Given most of the students established bullish theses, they benefited from the broad rise in markets in 2023.&nbsp;
The Maize and Blue Stock Pitch Competition stands as a testament to the depth and rigor required in stock analysis. While not all predictions may hit the mark, the event underscores the value of comprehensive financial forecasting and provides a practical learning environment for aspiring finance professionals.
Now Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36603461/bitcoin-etf-launch-shatters-records-attracts-over-4-billion-biggest-day-one-splash-in-etf-">Bitcoin ETF Launch Shatters Records, Attracts Over $4 Billion: &#39;Biggest Day One Splash In ETF History&#39; Analyst Says</a>
Photo: Shutterstock

Transition from Hubs to Protolabs Network brings expanded capabilities and establishes a unified customer experience under one brand
Digital manufacturing leader <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.protolabs.com&amp;esheet=53877571&amp;newsitemid=20240108659605&amp;lan=en-US&amp;anchor=Protolabs&amp;index=1&amp;md5=c10acf2bb9592024843ba7967a228e5f">Protolabs</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) launched today its rebranded <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.hubs.com&amp;esheet=53877571&amp;newsitemid=20240108659605&amp;lan=en-US&amp;anchor=Protolabs+Network&amp;index=2&amp;md5=a1131a201635331ca3b50ed07410ea3a">Protolabs Network</a> service that leverages global manufacturing partners for expanded capabilities and pricing options. Formerly known as Hubs, the move signals Protolabs' commitment to a singular global brand and unified customer experience. The transition comes almost three years after acquiring the Amsterdam-based manufacturing network, which has seen significant annual growth since the 2021 acquisition.
"We're building a business model that the manufacturing industry has never seen before, and customers are beginning to harness the full potential it offers," explained Rob Bodor, Protolabs' President and CEO. "In the third quarter of 2023 alone, revenue fulfilled through Protolabs Network increased over 80 percent year-over-year! It is a true testament not only to our savvy customer base who is extracting that manufacturing value, but our entire Protolabs team of employees who have brought this model to life."
The business model Bodor is referring to is a hybrid digital manufacturing model combining Protolabs' internal digital factories with a global network of suppliers—Protolabs Network—to provide customers a manufacturing resource throughout a product's entire life cycle.
Protolabs Network includes more than 250 highly vetted supply partners, to serve customers' broad needs across the life cycle of their products—from innovation and prototyping to production and end-of-life product support. Customers can access tighter tolerances, enhanced finishing options, and higher volumes at lower cost, among other benefits. The manufacturing partner network complements the low-volume, on-demand manufacturing services also available from Protolabs.
"This is the future of the industry—manufacturing that is completely tailored to what customers need, when they need it, and at the price point they want," said Pjotr Horowitz, managing director for Protolabs Network. "It's exciting to be on the frontlines driving that evolution."
The newly rebranded <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.hubs.com&amp;esheet=53877571&amp;newsitemid=20240108659605&amp;lan=en-US&amp;anchor=Protolabs+Network&amp;index=3&amp;md5=73ed037e0c229394e0be885e9d85bc73">Protolabs Network</a> is now live. To learn more about Protolabs' hybrid manufacturing model that combines factory and network capabilities, check out its breakdown of the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.protolabs.com%2Fabout-us%2Fdigital-factories-x-partner-network%2F&amp;esheet=53877571&amp;newsitemid=20240108659605&amp;lan=en-US&amp;anchor=framework+for+the+future&amp;index=4&amp;md5=53a11edd9e5750686b69f711388e9e44">framework for the future</a>.

Protolabs Rebrands Its Manufacturing Partner Network From Hubs To Protolabs Network

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$10.00</td>
<td>$154.8K</td>
<td>149.5K</td>
<td>11.9K</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/01/23</td>
<td>$220.00</td>
<td>$52.6K</td>
<td>1.9K</td>
<td>2.2K</td>
</tr>
<tr>
<td>DE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/24/23</td>
<td>$380.00</td>
<td>$42.9K</td>
<td>229</td>
<td>1.2K</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/19/24</td>
<td>$290.00</td>
<td>$31.5K</td>
<td>1.6K</td>
<td>728</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$41.00</td>
<td>$61.2K</td>
<td>734</td>
<td>323</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$33.00</td>
<td>$153.4K</td>
<td>1.4K</td>
<td>167</td>
</tr>
<tr>
<td>SAVE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$12.50</td>
<td>$128.7K</td>
<td>4.0K</td>
<td>160</td>
</tr>
<tr>
<td>PRLB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$40.00</td>
<td>$51.7K</td>
<td>5</td>
<td>119</td>
</tr>
<tr>
<td>RUN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$15.00</td>
<td>$34.5K</td>
<td>7.5K</td>
<td>98</td>
</tr>
<tr>
<td>BLDR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$115.00</td>
<td>$37.9K</td>
<td>80</td>
<td>20</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding AAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), we observe a put option sweep with bullish sentiment. It expires in 59 day(s) on January 19, 2024. Parties traded 11912 contract(s) at a $10.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $154.8K, with a price of $13.0 per contract. There were 149545 open contracts at this strike prior to today, and today 11952 contract(s) were bought and sold. 
• For BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on December 1, 2023. This event was a transfer of 200 contract(s) at a $220.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $52.6K, with a price of $263.0 per contract. There were 1966 open contracts at this strike prior to today, and today 2295 contract(s) were bought and sold. 
• Regarding DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we observe a call option sweep with neutral sentiment. It expires in 3 day(s) on November 24, 2023. Parties traded 53 contract(s) at a $380.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $42.9K, with a price of $810.0 per contract. There were 229 open contracts at this strike prior to today, and today 1286 contract(s) were bought and sold. 
• For CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we notice a call option sweep that happens to be bearish, expiring in 59 day(s) on January 19, 2024. This event was a transfer of 700 contract(s) at a $290.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $45.0 per contract. There were 1683 open contracts at this strike prior to today, and today 728 contract(s) were bought and sold. 
• Regarding UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we observe a call option sweep with bullish sentiment. It expires in 115 day(s) on March 15, 2024. Parties traded 221 contract(s) at a $41.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $61.2K, with a price of $277.0 per contract. There were 734 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold. 
• For DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we notice a call option trade that happens to be bearish, expiring in 759 day(s) on December 19, 2025. This event was a transfer of 159 contract(s) at a $33.00 strike. The total cost received by the writing party (or parties) was $153.4K, with a price of $965.0 per contract. There were 1405 open contracts at this strike prior to today, and today 167 contract(s) were bought and sold. 
• For SAVE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>), we notice a put option sweep that happens to be bearish, expiring in 115 day(s) on March 15, 2024. This event was a transfer of 250 contract(s) at a $12.50 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $128.7K, with a price of $515.0 per contract. There were 4058 open contracts at this strike prior to today, and today 160 contract(s) were bought and sold. 
• Regarding PRLB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>), we observe a call option sweep with bullish sentiment. It expires in 332 day(s) on October 18, 2024. Parties traded 118 contract(s) at a $40.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $51.7K, with a price of $440.0 per contract. There were 5 open contracts at this strike prior to today, and today 119 contract(s) were bought and sold. 
• Regarding RUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), we observe a put option sweep with bullish sentiment. It expires in 423 day(s) on January 17, 2025. Parties traded 60 contract(s) at a $15.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $34.5K, with a price of $575.0 per contract. There were 7555 open contracts at this strike prior to today, and today 98 contract(s) were bought and sold. 
• For BLDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>), we notice a call option trade that happens to be bullish, expiring in 423 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $37.9K, with a price of $3790.0 per contract. There were 80 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BLDR

SAVE

10 Industrials Stocks Whale Activity In Today's Session

<h3>Gainers</h3>
<ul>
<li>Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) shares rose 28.0% to $31.11 during Friday's regular session. Trading volume for this security as of 13:30 EST is 281.5K, which is 179.5% of its average full-day volume over the last 100 days. The company's market cap stands at $811.8 million. As per the press release, Q3 earnings came out today. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) stock rose 25.51% to $0.61. Mesa Air Gr's stock is trading at a volume of 431.3K shares as of 13:30 EST. This is 135.0% of its average full-day volume over the last 100 days. The company's market cap stands at $25.1 million. </li>
<li>Tritium DCFC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCFC#NASDAQ">DCFC</a>) shares moved upwards by 21.11% to $0.23. Trading volume for this security as of 13:30 EST is 1.9 million, which is 94.3% of its average full-day volume over the last 100 days. The company's market cap stands at $38.2 million. </li>
<li>Fathom Digital Mfg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FATH#NYSE">FATH</a>) stock increased by 18.9% to $4.34. The company's market cap stands at $15.2 million. </li>
<li>Sunworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNW#NASDAQ">SUNW</a>) shares increased by 17.35% to $0.43. As of 13:30 EST, Sunworks's stock is trading at a volume of 1.6 million, which is 129.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $19.0 million. </li>
<li>Flux Power Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUX#NASDAQ">FLUX</a>) shares increased by 17.28% to $3.8. The market value of their outstanding shares is at $62.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Helios Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLIO#NYSE">HLIO</a>) shares declined by 19.7% to $42.41 during Friday's regular session. As of 13:30 EST, this security is trading at a volume of 589.6K shares, making up 516.2% of its average full-day volume over the last 100 days. The company's market cap stands at $1.4 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Paylocity Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) stock fell 15.23% to $145.7. As of 13:30 EST, this security is trading at a volume of 1.5 million shares, making up 439.5% of its average full-day volume over the last 100 days. The company's market cap stands at $8.1 billion. The company's, Q1 earnings came out yesterday. </li>
<li>TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) stock declined by 13.13% to $2.08. TPI Composites's stock is trading at a volume of 2.1 million shares as of 13:30 EST. This is 129.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $88.7 million. The company's, Q3 earnings came out yesterday. </li>
<li>ESGL Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGL#NASDAQ">ESGL</a>) shares declined by 10.92% to $0.45. The company's market cap stands at $5.6 million. </li>
<li>GrafTech International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) stock declined by 8.41% to $3.1. Trading volume for GrafTech International's stock is 4.4 million as of 13:30 EST. This is 278.4% of its average full-day volume over the last 100 days. The company's market cap stands at $797.3 million. The company's, Q3 earnings came out today. </li>
<li>Paycor HCM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>) shares fell 8.25% to $17.91. Trading volume for Paycor HCM's stock is 1.0 million as of 13:30 EST. This is 186.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.1 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

DCFC

ESGL

FATH

FLUX

HLIO

MESA

PCTY

PYCR

SUNW

TPIC

12 Industrials Stocks Moving In Friday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Benson Hill, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhil#NYSE">BHIL</a>) shares jumped 48.1% to $0.3740.</li>
<li>Seres Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcrb#NASDAQ">MCRB</a>) climbed 45.9% to $1.20. Seres Therapeutics, on Thursday, posted a narrower-than-expected quarterly loss.</li>
<li>Qurate Retail, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qrtea#NASDAQ">QRTEA</a>) surged 44% to $0.6181 following third-quarter results.</li>
<li>Cooper-Standard Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cps#NYSE">CPS</a>) shares climbed 41% to $17.94 following better-than-expected third-quarter results.</li>
<li>Tenon Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tnon#NASDAQ">TNON</a>) shares climbed 39.6% to $1.20 after the company announced it passed an FDA Level 2 Inspection.</li>
<li>Udemy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/udmy#NASDAQ">UDMY</a>) surged 38.1% to $12.46 following strong quarterly earnings.</li>
<li>Vivakor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vivk#NASDAQ">VIVK</a>) climbed 32.7% to $0.77.</li>
<li>Alpha Technology Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atgl#NASDAQ">ATGL</a>) gained 32.5% to $6.64. Alpha Technology Group recently announced the closing of its initial public offering of 1,750,000 ordinary shares at a public offering price of $4.00 per share.</li>
<li>Werewolf Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/howl#NASDAQ">HOWL</a>) rose 29.8% to $2.7888. Werewolf Therapeutics released preliminary results from initial monotherapy dose-escalation cohorts of an ongoing Phase 1/1b trial of WTX-124 in patients with advanced or metastatic solid tumors.</li>
<li>Enlivex Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enlv#NASDAQ">ENLV</a>) jumped 28.5% to $1.8250.</li>
<li>Syra Health Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syra#NASDAQ">SYRA</a>) gained 27.8% to $1.5981.</li>
<li>Dermata Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drma#NASDAQ">DRMA</a>) rose 26% to $0.76.</li>
<li>Redfin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdfn#NASDAQ">RDFN</a>) climbed 25.2% to $6.35 following third-quarter results.</li>
<li>Phoenix Motor Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pev#NASDAQ">PEV</a>) gained 25% to $0.93.</li>
<li>DarioHealth Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drio#NASDAQ">DRIO</a>) gained 24.7% to $1.2601.</li>
<li>CVRx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvrx#NASDAQ">CVRX</a>) climbed 24.7% to $16.99. CVRx said Centers for Medicare and Medicaid Services has reassigned the Barostim implant procedure for procedures performed in the outpatient setting as part of the 2024 Medicare Hospital Outpatient Prospective Payment System final rule.</li>
<li>Net Lease Office Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nlop#NYSE">NLOP</a>) gained 24% to $12.98.</li>
<li>Proto Labs, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prlb#NYSE">PRLB</a>) climbed 23.1% to $29.93. Proto Labs reported third-quarter FY2 revenue growth of 7.4% year-over-year to $130.71 million, beating the consensus of $122.77 million.</li>
<li>Definitive Healthcare Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dh#NASDAQ">DH</a>) gained 23.1% to $7.47 following upbeat quarterly results.</li>
<li>Editas Medicine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/edit#NASDAQ">EDIT</a>) rose 23% to $8.65 following upbeat results.</li>
<li>Owens &amp; Minor, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omi#NYSE">OMI</a>) jumped 23% to $19.09 following strong results.</li>
<li>Oatly Group AB (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otly#NASDAQ">OTLY</a>) rose 21.1% to $0.6399.</li>
<li>FIGS, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/figs#NASDAQ">FIGS</a>) gained 21.1% to $6.80 after the company reported better-than-expected third-quarter sales results.</li>
<li>Integral Ad Science Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ias#NASDAQ">IAS</a>) jumped 19.6% to $14.19 following third-quarter results.</li>
<li>DermTech Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dmtk#NASDAQ">DMTK</a>) rose 19% to $1.6650 after the company reported better-than-expected third-quarter financial results.</li>
<li>Allogene Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allo#NASDAQ">ALLO</a>) gained 18.8% to $3.53 following third-quarter results.</li>
<li>Trupanion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trup#NASDAQ">TRUP</a>) climbed 18.8% to $27.19 after the company reported better-than-expected third-quarter financial results.</li>
<li>Knowles Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kn#NYSE">KN</a>) gained 18.8% to $16.06 following upbeat earnings.</li>
<li>The E.W. Scripps Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssp#NASDAQ">SSP</a>) jumped 18.5% to $7.23 following strong results.</li>
<li>Funko, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fnko#NASDAQ">FNKO</a>) climbed 18.5% to $8.90 after reporting upbeat results.</li>
<li>Hippo Holdings Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hipo#NYSE">HIPO</a>) shares rose 18.4% to $9.52 after the company reported better-than-expected third-quarter financial results.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvos#NASDAQ">NVOS</a>) shares climbed 18% to $0.3051 after gaining more than 10% on Thursday.</li>
<li>DigitalOcean Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/docn#NASDAQ">DOCN</a>) rose 17.3% to $24.91 after the company reported better-than-expected third-quarter financial results and issued FY23 guidance.</li>
<li>Eiger BioPharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eigr#NASDAQ">EIGR</a>) shares gained 17% to $0.3533 after gaining more than 7% on Thursday.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rxrx#NASDAQ">RXRX</a>) gained 16.8% to $6.11.</li>
<li>Lilium N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lilm#NASDAQ">LILM</a>) climbed 16.8% to $0.8517.</li>
<li>Gartner, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/it#NYSE">IT</a>) surged 15.5% to $ 389.51 after the company reported better-than-expected third-quarter financial results and raised FY23 guidance.</li>
<li>Expedia Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expe#NASDAQ">EXPE</a>) gained 15.5% to $109.60 after the company reported better-than-expected third-quarter financial results, announced a $5 billion share repurchase authorization and reiterated full year guidance.</li>
<li>AMC Networks Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amcx#NASDAQ">AMCX</a>) climbed 14.8% to $15.14 following upbeat earnings.</li>
<li>Magna International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mga#NYSE">MGA</a>) rose 14.3% to $56.04 after the company reported better-than-expected third-quarter financial results.</li>
<li>Mercer International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/merc#NASDAQ">MERC</a>) jumped 13.9% to $9.41 following upbeat results.</li>
<li>Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) shares gained 13.5% to $49.92 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance.</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axl#NYSE">AXL</a>) rose 13.4% to $7.38 following strong sales.</li>
<li>Altamira Therapeutics Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyto#NASDAQ">CYTO</a>) shares gained 9.9% to $0.1797 after gaining 5% on Thursday.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Inseego Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/insg#NASDAQ">INSG</a>) shares fell 35% to $0.3370 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Fox Factory Holding Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxf#NASDAQ">FOXF</a>) shares fell 34.4% to $54.54 after the company reported downbeat third-quarter results and issued weak fourth-quarter forecast.</li>
<li>enGene Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/engn#NASDAQ">ENGN</a>) dropped 32% to $12.91.</li>
<li>BILL Holdings Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bill#NYSE">BILL</a>) fell 28.4% to $64.07 after the company reported first-quarter results and lowered its FY24 revenue outlook.</li>
<li>Panbela Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbla#NASDAQ">PBLA</a>) declined 25% to $0.7089 after the company announced the exercise of warrants and the issuance of new warrants in a private placement for $1.9 million in gross proceeds priced at-the-market.</li>
<li>agilon health, inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agl#NYSE">AGL</a>) fell 20.2% to $13.47 after the company reported third-quarter financial results.</li>
<li>NexImmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nexi#NASDAQ">NEXI</a>) declined 19.2% to $2.8675.</li>
<li>Puyi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/puyi#NASDAQ">PUYI</a>) declined 18% to $5.00.</li>
<li>Fortinet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftnt#NASDAQ">FTNT</a>) shares fell 16.8% to $47.92 after the company reported mixed third-quarter financial results and issued FY23 revenue guidance below estimates.</li>
<li>Blue Star Foods Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsfc#NASDAQ">BSFC</a>) declined 16% to $0.11.</li>
<li>Ubiquiti Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ui#NYSE">UI</a>) fell 14.5% to $106.46 following quarterly results.</li>
<li>MBIA Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mbi#NYSE">MBI</a>) declined 14.1% to $6.22 following third-quarter earnings.</li>
<li>Paylocity Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcty#NASDAQ">PCTY</a>) fell 13.4% to $148.79 following quarterly earnings.</li>
<li>AvidXchange Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avdx#NASDAQ">AVDX</a>) declined 12.6% to $7.64.</li>
<li>GrafTech International Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eaf#NYSE">EAF</a>) fell 12.5% to $2.9650 following weak results.</li>
<li>VS Media Holdings Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vsme#NASDAQ">VSME</a>) shares fell 10.5% to $1.09 after gaining 41% on Thursday.</li>
<li>DMC Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/boom#NASDAQ">BOOM</a>) fell 9.4% to $17.20 following weak results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/23/11/35587971/top-4-financial-stocks-that-may-collapse-this-quarter"> Top 4 Financial Stocks That May Collapse This Quarter</a>

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Why Fortinet Shares Are Trading Lower By Around 17%? Here Are Other Stocks Moving In Friday's Mid-Day Session

WIIM

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

U.S. stocks traded higher, with the Dow Jones gaining around 200 points on Friday. Here are some big stocks recording gains in today&rsquo;s session.
<ul>
<li>Cooper-Standard Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cps#NYSE">CPS</a>) shares shares gained 41% to $17.94 following better-than-expected third-quarter results.</li>
<li>Udemy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/udmy#NASDAQ">UDMY</a>) rose 38.1% to $12.46 following strong quarterly earnings.</li>
<li>Redfin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdfn#NASDAQ">RDFN</a>) shares gained 25.2% to $6.35 following third-quarter results.</li>
<li>Proto Labs, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prlb#NYSE">PRLB</a>) surged 23.1% to $29.93. Proto Labs reported third-quarter FY2 revenue growth of 7.4% year-over-year to $130.71 million, beating the consensus of $122.77 million.</li>
<li>Definitive Healthcare Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dh#NASDAQ">DH</a>) jumped 23.1% to $7.47 following upbeat quarterly results.</li>
<li>Editas Medicine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/edit#NASDAQ">EDIT</a>) shares gained 23% to $8.65 following upbeat results.</li>
<li>Owens &amp; Minor, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omi#NYSE">OMI</a>) jumped 23% to $19.09 following strong results.</li>
<li>FIGS, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/figs#NASDAQ">FIGS</a>) shares gained 21.1% to $6.80 after the company reported better-than-expected third-quarter sales results.</li>
<li>Integral Ad Science Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ias#NASDAQ">IAS</a>) gained 19.6% to $14.19 following third-quarter results.</li>
<li>Allogene Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allo#NASDAQ">ALLO</a>) rose 18.8% to $3.53 following third-quarter results.</li>
<li>Trupanion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trup#NASDAQ">TRUP</a>) shares gained 18.8% to $27.19 after the company reported better-than-expected third-quarter financial results.</li>
<li>Knowles Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kn#NYSE">KN</a>) rose 18.8% to $16.06 following upbeat earnings.</li>
<li>The E.W. Scripps Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssp#NASDAQ">SSP</a>) shares gained 18.5% to $7.23 following strong results.</li>
<li>Funko, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fnko#NASDAQ">FNKO</a>) rose 18.5% to $8.90 after reporting upbeat results.</li>
<li>Hippo Holdings Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hipo#NYSE">HIPO</a>) shares shares gained 18.4% to $9.52 after the company reported better-than-expected third-quarter financial results.</li>
<li>DigitalOcean Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/docn#NASDAQ">DOCN</a>) shares gained 17.3% to $24.91 after the company reported better-than-expected third-quarter financial results and issued FY23 guidance.</li>
<li>Sprout Social, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spt#NASDAQ">SPT</a>) rose 16% to $49.36 after the company reported better-than-expected third-quarter financial results and issued FY23 EPS and revenue guidance above estimates.</li>
<li>Gartner, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/it#NYSE">IT</a>) shares gained 15.5% to $ 389.51 after the company reported better-than-expected third-quarter financial results and raised FY23 guidance.</li>
<li>Expedia Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expe#NASDAQ">EXPE</a>) shares rose 15.5% to $109.60 after the company reported better-than-expected third-quarter financial results, announced a $5 billion share repurchase authorization and reiterated full year guidance.</li>
<li>Evolent Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/evh#NYSE">EVH</a>) gained 14.5% to $27.50 following strong sales.</li>
<li>AMC Networks Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amcx#NASDAQ">AMCX</a>) gained 14.8% to $15.14 following upbeat earnings.</li>
<li>Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hasi#NASDAQ">HASI</a>) gained 14.4% to $21.50 following quarterly earnings.</li>
<li>Magna International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mga#NYSE">MGA</a>) jumped 14.3% to $56.04 after the company reported better-than-expected third-quarter financial results.</li>
<li>Insulet Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/podd#NASDAQ">PODD</a>) rose 14.1% to $160.29 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance.</li>
<li>Privia Health Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prva#NASDAQ">PRVA</a>) gained 14% to $23.45 following upbeat earnings.</li>
<li>Mercer International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/merc#NASDAQ">MERC</a>) gained 13.9% to $9.41 following upbeat results.</li>
<li>Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) shares climbed 13.5% to $49.92 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance.</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axl#NYSE">AXL</a>) gained 13.4% to $7.38 following strong sales.</li>
<li>Icahn Enterprises L.P. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iep#NASDAQ">IEP</a>) gained 13.2% to $19.47 following strong sales.</li>
<li>Grand Canyon Education, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lope#NASDAQ">LOPE</a>) rose 13.1% to $137.79 following better-than-expected results.</li>
<li>GoDaddy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gddy#NYSE">GDDY</a>) gained 12.6% to $84.65 after the company reported better-than-expected third-quarter revenue results.</li>
<li>Denali Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dnli#NASDAQ">DNLI</a>) rose 12.2% to $21.99.</li>
<li>Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) gained 12.1% to $33.56.</li>
<li>Five9, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fivn#NASDAQ">FIVN</a>) rose 11.4% to $62.91 following strong results.</li>
<li>Quaker Chemical Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kwr#NYSE">KWR</a>) gained 11.2% to $161.24 following strong results.</li>
<li>Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) rose 10.4% to $13.16 after the company reported better-than-expected third-quarter revenue results.</li>
<li>Cloudflare, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/net#NYSE">NET</a>) gained 9.4% to $61.90 after the company reported better-than-expected third-quarter financial results.</li>
<li>Cardinal Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cah#NYSE">CAH</a>) climbed 8.5% to $101.78 after the company reported better-than-expected first-quarter financial results and raised FY24 adjusted EPS guidance above estimates.</li>
<li>Repligen Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgen#NASDAQ">RGEN</a>) rose 8.4% to $148.07.</li>
<li>Fluor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flr#NYSE">FLR</a>) gained 7.8% to $37.35 as the company posted upbeat quarterly results and raised FY23 earnings forecast.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/11/35584870/jim-cramer-its-just-not-that-bad-a-company-as-stock-plummets-over-40-post-earnings"> Jim Cramer: &#39;It&#39;s Just Not That Bad A Company,&#39; As Stock Plummets Over 40% Post Earnings </a>

CVNA

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Hannon Armstrong Sustainable Infrastructure Capital

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Expedia Group, Gartner, Cloudflare, Cardinal Health And Other Big Stocks Moving Higher On Friday

Proto Labs, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prlb#NYSE">PRLB</a>) reported third-quarter FY2 revenue growth of 7.4% year-over-year to $130.71 million,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/11/b35585997/protolabs-reports-financial-results-for-the-third-quarter-of-2023" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">beating the consensus of $122.77 million.</a>
The digital manufacturing company posted an adjusted EPS of $0.51, an improvement from $0.40 in 3Q22,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">beating the consensus of $0.30.</a>
The gross margin expanded by 130 bps to 45.4%, and the operating margin expanded by 300 bps to 7.9%. Adjusted gross margin expanded to 46% from 44.8% in 3Q22.
Revenue generated from the digital network, powered by Hubs, was $22.6 million, an increase of 86.9% Y/Y.
Protolabs served 23,080 unique product developers during the quarter.
Adjusted EBITDA increased 9% Y/Y to $23.94 million, and the margin was 18.3%, up 27 bps YoY.
Q3 cash flow from operations was $24.2 million, compared to $9.3 million in Q2. The cash and investments balance was $114.9 million as of September 30, 2023.
PRLB repurchased $9 million of shares during the quarter.
&quot;We experienced increased demand for our comprehensive digitally-enabled manufacturing capabilities in the quarter,&quot; commented Rob Bodor, President and Chief Executive Officer.
Price Action:&nbsp;PRLB shares are trading higher by 23% at $29.89 on Friday.

Why Digital Manufacturing Company Protolabs' Shares Are Jumping Today

<h3>Gainers</h3>
<ul>
<li>Smart Powerr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREG#NASDAQ">CREG</a>) stock rose 9.6% to $1.14 during Friday's pre-market session. The market value of their outstanding shares is at $8.8 million. </li>
<li>Icahn Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) shares rose 9.51% to $18.84. The company's market cap stands at $7.4 billion. The company's, Q3 earnings came out today. </li>
<li>Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) shares moved upwards by 9.05% to $26.5. The company's market cap stands at $691.5 million. As per the news, the Q3 earnings report came out today. </li>
<li>Electriq Power Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELIQ#NYSE">ELIQ</a>) stock rose 8.49% to $0.82. The market value of their outstanding shares is at $31.2 million. </li>
<li>Barnes Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) stock rose 7.51% to $22.9. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Desktop Metal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DM#NYSE">DM</a>) shares increased by 6.86% to $0.97. The market value of their outstanding shares is at $313.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Helios Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLIO#NYSE">HLIO</a>) stock decreased by 10.2% to $47.45 during Friday's pre-market session. The market value of their outstanding shares is at $1.5 billion. The company's, Q3 earnings came out yesterday. </li>
<li>GrafTech International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) shares fell 7.08% to $3.15. The market value of their outstanding shares is at $808.9 million. As per the press release, Q3 earnings came out today. </li>
<li>Baiyu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYU#NASDAQ">BYU</a>) shares declined by 6.87% to $1.9. The market value of their outstanding shares is at $7.1 million. </li>
<li>Mynaric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNA#NASDAQ">MYNA</a>) stock fell 6.01% to $4.38. The company's market cap stands at $109.2 million. </li>
<li>TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRU#NYSE">TRU</a>) shares decreased by 5.15% to $45.53. The company's market cap stands at $8.8 billion. </li>
<li>ESGL Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGL#NASDAQ">ESGL</a>) stock declined by 4.87% to $0.45. The market value of their outstanding shares is at $5.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CREG

ELIQ

MYNA

12 Industrials Stocks Moving In Friday's Pre-Market Session

<h3>Companies Reporting Before The Bell</h3>
&bull; Arcutis Biotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQT#NASDAQ">ARQT</a>) is expected to report quarterly loss at $0.86 per share on revenue of $32.83 million.
&bull; Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $4.38 billion.
&bull; Atmus Filtration Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATMU#NYSE">ATMU</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $390.96 million.
&bull; Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $150.66 million.
&bull; Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $8.25 billion.
&bull; Oncolytics Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCY#NASDAQ">ONCY</a>) is likely to report earnings for its third quarter.
&bull; Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $987.00 million.
&bull; TELUS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TU#NYSE">TU</a>) is projected to report quarterly earnings at $0.24 per share on revenue of $5.08 billion.
&bull; TELUS Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $657.82 million.
&bull; Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $1.09 billion.
&bull; Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) is expected to report quarterly earnings at $0.86 per share on revenue of $1.88 billion.
&bull; Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $834.58 million.
&bull; Privia Health Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRVA#NASDAQ">PRVA</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $702.46 million.
&bull; Icahn Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $2.71 billion.
&bull; Editas Medicine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDIT#NASDAQ">EDIT</a>) is expected to report quarterly loss at $0.57 per share on revenue of $3.42 million.
&bull; Owens &amp; Minor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $2.58 billion.
&bull; iRadimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRMD#NASDAQ">IRMD</a>) is likely to report quarterly earnings at $0.36 per share on revenue of $16.17 million.
&bull; Moog Inc. Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOG#NYSE">MOG</a>) is projected to report quarterly earnings at $1.71 per share on revenue of $806.33 million.
&bull; Lazydays Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZY#NASDAQ">LAZY</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $307.87 million.
&bull; Healthcare Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HR#NYSE">HR</a>) is expected to report earnings for its third quarter.
&bull; US Silica Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLCA#NYSE">SLCA</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $380.20 million.
&bull; Brookfield Bus Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBU#NYSE">BBU</a>) is expected to report earnings for its third quarter.
&bull; Gartner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) is projected to report quarterly earnings at $1.96 per share on revenue of $1.39 billion.
&bull; Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $12.56 billion.
&bull; Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $14.43 billion.
&bull; Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) is projected to report quarterly earnings at $1.00 per share on revenue of $3.68 billion.
&bull; American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $1.50 billion.
&bull; Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) is projected to report quarterly earnings at $1.86 per share on revenue of $479.89 million.
&bull; Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $3.89 billion.
&bull; Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) is estimated to report quarterly earnings at $1.34 per share on revenue of $10.33 billion.
&bull; E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) is likely to report quarterly loss at $0.22 per share on revenue of $565.97 million.
&bull; Koppers Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOP#NYSE">KOP</a>) is likely to report quarterly earnings at $1.26 per share on revenue of $559.00 million.
&bull; Telephone and Data (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>) is likely to report quarterly loss at $0.11 per share on revenue of $1.28 billion.
&bull; United States Cellular (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $1.00 billion.
&bull; W.P. Carey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPC#NYSE">WPC</a>) is likely to report quarterly earnings at $0.63 per share on revenue of $450.17 million.
&bull; GlycoMimetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLYC#NASDAQ">GLYC</a>) is expected to report earnings for its third quarter.
&bull; Rapid Micro Biosystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPID#NASDAQ">RPID</a>) is estimated to report quarterly loss at $0.31 per share on revenue of $5.55 million.
&bull; Shenandoah (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHEN#NASDAQ">SHEN</a>) is likely to report quarterly loss at $0.01 per share on revenue of $71.18 million.
&bull; AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) is expected to report quarterly earnings at $1.28 per share on revenue of $657.80 million.
&bull; inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $32.65 million.
&bull; Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) is projected to report quarterly earnings at $0.30 per share on revenue of $122.61 million.
&bull; FuboTV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) is expected to report quarterly loss at $0.32 per share on revenue of $286.18 million.
&bull; Gates Industrial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTES#NYSE">GTES</a>) is expected to report quarterly earnings at $0.31 per share on revenue of $877.78 million.
&bull; Cardinal Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $54.76 billion.
&bull; AdvanSix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASIX#NYSE">ASIX</a>) is projected to report quarterly loss at $0.03 per share on revenue of $367.90 million.
&bull; Ares Comml Real Est (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACRE#NYSE">ACRE</a>) is estimated to report quarterly earnings at $0.21 per share on revenue of $25.32 million.
&bull; Corebridge Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>) is expected to report quarterly earnings at $1.04 per share on revenue of $5.07 billion.
&bull; Fulgent Genetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLGT#NASDAQ">FLGT</a>) is expected to report quarterly loss at $0.33 per share on revenue of $63.41 million.
&bull; Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRP#NYSE">NRP</a>) is projected to report earnings for its third quarter.
&bull; Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is expected to report quarterly loss at $0.26 per share on revenue of $164.80 million.
&bull; Northwest Natural Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWN#NYSE">NWN</a>) is likely to report quarterly loss at $0.67 per share on revenue of $134.78 million.
&bull; Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) is expected to report earnings for its third quarter.
&bull; Interface (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $324.75 million.
&bull; Atlanta Braves Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BATRK#NASDAQ">BATRK</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $268.70 million.
&bull; Atlanta Braves Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BATRA#NASDAQ">BATRA</a>) is expected to report quarterly earnings at $0.32 per share on revenue of $268.50 million.
&bull; Qurate Retail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEB#NASDAQ">QRTEB</a>) is estimated to report earnings for its third quarter.
&bull; Qurate Retail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEA#NASDAQ">QRTEA</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $2.54 billion.
&bull; Liberty Formula One Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWONK#NASDAQ">FWONK</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $900.58 million.
&bull; Liberty Formula One Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWONA#NASDAQ">FWONA</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $895.00 million.
&bull; Liberty SiriusXM Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSXMK#NASDAQ">LSXMK</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $2.30 billion.
&bull; Liberty SiriusXM Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSXMA#NASDAQ">LSXMA</a>) is expected to report quarterly earnings at $0.85 per share on revenue of $2.30 billion.
&bull; Liberty Broadband (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDK#NASDAQ">LBRDK</a>) is estimated to report quarterly earnings at $2.43 per share on revenue of $257.00 million.
&bull; Liberty Broadband (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) is expected to report quarterly earnings at $2.18 per share on revenue of $252.20 million.
&bull; GrafTech International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) is projected to report quarterly loss at $0.03 per share on revenue of $180.00 million.
&bull; Church &amp; Dwight Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $1.43 billion.
&bull; MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) is projected to report quarterly earnings at $1.80 per share on revenue of $14.31 billion.
&bull; Brookfield Business (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBUC#NYSE">BBUC</a>) is estimated to report earnings for its third quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) is projected to report quarterly earnings at $0.99 per share on revenue of $3.29 billion.
&bull; Trinseo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSE#NYSE">TSE</a>) is likely to report quarterly loss at $0.96 per share on revenue of $973.00 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For November 3, 2023

Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) reported quarterly Adj earnings of $0.51 per share which beat the analyst consensus estimate of $0.30 by 70 percent. This is a 27.5 percent increase over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $130.71 million which beat the analyst consensus estimate of $122.77 million. This is a 7.38 percent increase over sales of $121.72 million the same period last year.

Proto Labs Q3 Adj EPS $0.51 Beats $0.30 Estimate, Sales $130.71M Beat $122.77M Estimate

The tech industry is benefitting from the growing digitization of business operations and the widespread adoption of cutting-edge technologies. Against this backdrop, investors could consider buying fundamentally strong tech stocks TD SYNNEX (SNX), AvePoint (AVPT), and Proto Labs (PRLB). Read more... The tech industry is booming due to widespread automation, significant investments in digital transformation, and the integration of advanced technologies like generative AI, which helps boost operational efficiency and improve productivity.
Considering these factors, investors could consider buying fundamentally strong tech stocks TD SYNNEX Corporation (<a href="https://stocknews.com/stock/SNX/">SNX</a>), AvePoint, Inc. (<a href="https://stocknews.com/stock/AVPT/">AVPT</a>), and Proto Labs, Inc. (<a href="https://stocknews.com/stock/PRLB/">PRLB</a>).
Before delving deeper into their fundamentals, let's discuss why the tech industry is growing.
Globally, enterprises are enhancing their digital capabilities via investments in digital transformation, fueling positive momentum for tech companies. This year's anticipated rate cuts by the Federal Reserve and the excitement around generative AI's application have driven the tech-heavy Nasdaq Composite's 35.8% returns over the past year.
Businesses are investing in digitization to gain agility, scalability, and a competitive edge over their peers. They are also focusing on improving customer satisfaction and enhancing operational efficiency through the integration of advanced tech solutions.
According to Gartner, global IT spending is expected to amount to <a href="https://www.gartner.com/en/newsroom/press-releases/01-17-2024-gartner-forecasts-worldwide-it-spending-to-grow-six-point-eight-percent-in-2024">$5 trillion in 2024</a>, marking a 6.8% increase from 2023. In addition, the spending on IT services this year is projected to grow 8.7% over the prior year to $1.50 trillion. Tech services are in high demand due to the migration to the cloud, expanding demand for cybersecurity solutions, etc.
Moreover, businesses are integrating 3D printing into their operations as it provides several advantages, such as reduced costs, customized manufacturing, lower wastage, and on-demand production.
3D printing technology is widely used in the automotive, aerospace, and healthcare sectors. The global market for 3D printing is set to grow at a <a href="https://www.globenewswire.com/en/news-release/2023/01/30/2597337/0/en/With-24-3-CAGR-3D-Printing-Market-Size-Worth-USD-83-90-Billion-by-2029.html">CAGR of 24.3%</a> to reach $83.90 billion by 2029.
Furthermore, investors' interest in tech stocks is evident from the Technology Select Sector SPDR Fund's (<a href="https://stocknews.com/stock/XLK/">XLK</a>) 43.8% returns over the past year.
Considering these conducive trends, let's analyze the fundamentals of the three technology stocks mentioned above.
TD SYNNEX Corporation (<a href="https://stocknews.com/stock/SNX/">SNX</a>)
SNX is a distributor and solutions aggregator for the information technology (IT) ecosystem. The company provides personal computing devices, mobile phones, printers, supplies, endpoint technology software, and a range of data center technologies, including hybrid cloud, security, storage, networking, servers, and computing components.
On March 7, 2024, SNX launched TD SYNNEX Cloud Labs, a virtual environment that accelerates vendor go-to-market efforts by providing flexible, scalable, and cost-efficient cloud-based PoC demos. This innovation eliminates expensive labs, streamlines support, reduces sales cycles, and simplifies complex PoC setups, optimizing cost-effectiveness with a pay-per-use approach.
On February 29, 2024, SNX announced an expanded collaboration with NVIDIA, enhancing its AI offerings in North America by providing NVIDIA platforms such as Omniverse, virtual GPU software, AI Enterprise, and RTX GPUs for AI applications across various industries, aligning with the SNX's Destination AI Program.
SNX's Executive Vice President of Sales and Vendor Management, Gary Palenbaum, said, "Our commitment to providing the very best AI tools to address the needs of our customers consistently supports our expanded collaborations with industry leaders like NVIDIA to bring the full range of their solutions to our valued customers."
In terms of the trailing-12-month Return on Common Equity, SNX's 7.68% is 142.7% higher than the 3.16% industry average. Likewise, its 6.42% trailing-12-month Return on Total Capital is 172.1% higher than the industry average of 2.36%. Its 1.95x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 221.1% higher than the industry average of 0.61x.
For the fourth quarter that ended November 30, 2023, SNX's revenues came in at $14.41 billion. Its non-GAAP gross profit came in at $1.02 billion. Likewise, its non-GAAP net earnings came in at $285.60 million. Also, its non-GAAP EPS came in at $3.13. In addition, as of November 30, 2023, its total liabilities stood at $21.23 billion, compared to $21.71 billion as of November 30, 2022.
Street expects SNX's EPS for the quarter ending May 31, 2024, to increase 14.7% year-over-year to $2.79, and its revenue for the same quarter is expected to increase 1.6% year-over-year to $14.28 billion. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 14.1% to close the last trading session at $102.70.
SNX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect robust prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #10 out of 81 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry. It has a B grade for Value, Momentum, and Sentiment. <a href="https://stocknews.com/stock/SNX/">Click here</a> to see SNX's Growth, Stability, and Quality ratings.
AvePoint, Inc. (<a href="https://stocknews.com/stock/AVPT/">AVPT</a>) 
AVPT provides a cloud-native data management software platform in North America, Europe, the Middle East, Africa, and the Asia Pacific. It offers software-as-a-service solutions and productivity applications. The company also provides modularity and a cloud services architecture to tackle critical challenges in data management for organizations that utilize third-party cloud vendors.
On February 21, 2024, AVPT announced the addition of three new products to its FedRAMP (moderate) authorization, expanding its SaaS solutions for federal agencies, along with achieving HITRUST CSF v11.0.1 certification for its AvePoint Confidence Platform, reinforcing security standards for global healthcare providers and enhancing its SOC 2 Type II certifications.
In terms of the trailing-12-month gross profit margin, AVPT's 71.50% is 45.5% higher than the 49.16% industry average. Its 14.50% trailing-12-month levered FCF margin is 60.8% higher than the 9.02% industry average. Likewise, its 0.63x trailing-12-month asset turnover ratio is 4.5% higher than the industry average of 0.61x.
AVPT's total revenue for the fiscal fourth quarter ended December 31, 2023, increased 17.3% year-over-year to $74.62 million. Its non-GAAP gross profit rose 22.2% over the prior-year quarter to $56.11 million. The company's non-GAAP operating income stood at $10.30 million, up 630.6% over the year-ago quarter.
For the same quarter, its net income attributable to AVPT and EPS stood at $4.27 million and $0.02, respectively, compared to a net loss and loss per share of $12.72 million and $0.07 in the year-ago quarter.
For the quarter ending March 31, 2024, AVPT's revenue is expected to increase 21.4% year-over-year to $72.33 million. Its EPS for the quarter ending September 30, 2024, is expected to increase 30.5% year-over-year to $0.04. Over the past year, the stock has gained 87.1% to close the last trading session at $7.56.
AVPT's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Growth and Quality. Within the Technology - Services industry, it is ranked #11. To access the additional ratings of AVPT for Value, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/AVPT/">click here</a>.
Proto Labs, Inc. (<a href="https://stocknews.com/stock/PRLB/">PRLB</a>)
PRLB is an e-commerce digital manufacturer of custom prototypes and on-demand production parts worldwide. The company offers injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication products.
In terms of the trailing-12-month Capex / Sales, PRLB's 5.58% is 87.1% higher than the 2.98% industry average. Likewise, its 9.34% trailing-12-month levered FCF margin is 43.3% higher than the 6.52% industry average. Additionally, its 44.06% trailing-12-month gross profit margin is 45.1% higher than the 30.36% industry average.
For the fourth quarter ended December 31, 2023, PRLB's total revenue rose 8.2% year-over-year to $125.05 million. Its non-GAAP gross profit increased 14.5% over the prior-year quarter to $56.61 million.
The company's adjusted EBITDA came in at $22.30 million, up 53.8% year-over-year. Additionally, its non-GAAP net income and net income per share grew 70.1% and 76.9% year-over-year to $11.83 million and $0.46, respectively.
Analysts expect PRLB's EPS for the quarter ending March 31, 2024, to increase 4.2% year-over-year to $0.31. Its revenue for the quarter ending June 30, 2024, is expected to increase 4.9% year-over-year to $128.26 million. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past six months, the stock has gained 25.3% to close the last trading session at $33.52.
PRLB's positive outlook is reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value, Momentum, and Quality. It is ranked first out of 5 stocks in the <a href="https://stocknews.com/category/technology-3d-printing/">Technology - 3D Printing</a> industry. To see PRLB's Stability and Sentiment ratings, <a href="https://stocknews.com/stock/PRLB/">click here</a>.
What To Do Next?
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<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
SNX shares were trading at $102.24 per share on Tuesday morning, down $0.46 (-0.45%). Year-to-date, SNX has declined -4.62%, versus a 7.66% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/snx-avpt-prlb-3-tech-stocks-set-to-soar-beyond-march/>3 Tech Stocks Set to Soar Beyond March</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Set to Soar Beyond March

The tech industry is witnessing steady growth amid widespread digitization initiatives and increasing reliance on technology. Given its solid growth prospects, investors could consider buying quality tech stocks such as Leidos Holdings (LDOS), PC Connection (CNXN), Proto Labs (PRLB), and Lantronix (LTRX). Read on... The tech industry is thriving, driven by the adoption of emerging technologies, increased spending on tech services, and the shift towards remote work and virtual collaboration.
Considering the industry's bright prospects, quality tech stocks Leidos Holdings, Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>), PC Connection, Inc. (<a href="https://stocknews.com/stock/CNXN/">CNXN</a>), Proto Labs, Inc. (<a href="https://stocknews.com/stock/PRLB/">PRLB</a>), and Lantronix, Inc. (<a href="https://stocknews.com/stock/LTRX/">LTRX</a>) could be wise additions to your portfolio.
Before delving deeper into their fundamentals, let's discuss what's happening in the tech industry.
The technology industry is expanding as more end-use industries adopt digital solutions for efficiency, accessibility, scalability, and flexibility. To remain competitive, companies are rapidly undergoing digital transformation, which entails integrating digital technologies into their operations, supply chains, and business models. Canalys predicts a <a href="https://www.canalys.com/insights/worldwide-it-spend-2024">6.2% growth</a> in worldwide IT spending to $4.94 trillion in 2024.
The IT services industry is expanding rapidly due to digitization initiatives, the adoption of cloud services, and the demand for cybersecurity support. The global IT services industry is expected to reach $1.32 trillion by 2027, growing at a <a href="https://www.businessresearchinsights.com/market-reports/it-services-market-111832">CAGR of 4.1%</a>.
In addition, businesses are integrating 3D printing into their capabilities to streamline production, reduce costs, improve workflows, create intricate designs, and transform supply chains through on-demand and localized manufacturing. The global 3D printing market is projected to grow at a <a href="https://www.databridgemarketresearch.com/reports/global-3d-printing-market">CAGR of 15.5%</a> to reach $23.41 billion by 2031.
Furthermore, there is a huge demand for cutting-edge hardware to ensure the seamless functioning of software and manage data-heavy workloads. The IT hardware market is projected to grow at a <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">CAGR of 7.9%</a> to reach $191.03 billion by 2029. Moreover, investors' interest in tech stocks is evident from the iShares Expanded Tech Sector ETF's (<a href="https://stocknews.com/stock/IGM/">IGM</a>) 55.1% returns over the past year.
In light of these encouraging trends, let's look at the fundamentals of the four above-mentioned tech stocks.
Leidos Holdings, Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>)
LDOS provides services and solutions in the defense, intelligence, civil, and health markets globally. It offers national security solutions and systems for air, land, sea, and space for the U.S. Intelligence Community, systems integration services to air navigation service providers, and solutions for people's health and well-being.
On March 6, 2024, LDOS announced that it had signed a multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services. The collaboration will use each company's distinct strengths to accelerate innovation for new and existing customers in the public sector and select commercial markets.
The collaboration will focus on developing solutions combining LDOS' mission-critical systems expertise with AWS's cloud computing capabilities. This partnership aims to drive digital transformation and enhance the overall customer experience.
In terms of the trailing-12-month Return on Total Capital, LDOS' 8.32% is 19.4% higher than the 6.97% industry average. Likewise, its 1.20x asset turnover ratio is 50.4% higher than the 0.80x industry average.
For the fiscal fourth quarter that ended December 29, 2023, LDOS' revenues rose 7.6% year-over-year to $3.98 billion. Its <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> came to $452 million, up 13.9% from the previous year's quarter. The company's non-GAAP net income grew 9.1% from the year-ago value to $275 million, and its non-GAAP EPS increased 8.7% year-over-year to $1.99.
For the quarter ended March 31, 2024, LDOS' revenue and EPS are expected to increase 3.4% and 16% year-over-year to $3.83 billion and $1.71, respectively. The company surpassed the consensus EPS estimates in three of the trailing four quarters. The stock has gained 45.1% over the past nine months, closing the last trading session at $128.66.
LDOS' <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
LDOS has a B grade for Value, Momentum, Stability, and Sentiment. Within the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, it is ranked first among 81 stocks. To see LDOS' additional ratings for Growth and Quality, <a href="https://stocknews.com/stock/LDOS/">click here</a>.
PC Connection, Inc. (<a href="https://stocknews.com/stock/CNXN/">CNXN</a>)
CNXN provides various information technology (IT) solutions worldwide. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions.
CNXN's trailing-12-month asset turnover ratio of 2.49x is 302.8% higher than the industry average of 0.62x. Likewise, the stock's trailing-12-month Return on Common Equity of 10.36% is 196.8% higher than the industry average of 3.49%. Additionally, its 7.01% trailing-12-month Return on Total Assets is 327% higher than the industry average of 1.64%.
CNXN's net sales for the fiscal fourth quarter ended December 31, 2023 came in at $696.47 million. Its income from operations came in at $27.94 million, up 16.9% year-over-year.
Also, its net income rose 26.3% year-over-year to $23.78 million. Its earnings per common share increased 26.8% year-over-year to $0.90.
Analysts expect CNXN's EPS for the quarter ended March 31, 2024, to increase 17.9% year-over-year to $0.66. Its revenue for the quarter ending June 30, 2024, is expected to increase 3.4% year-over-year to $758.81 million. It surpassed the consensus EPS estimates in three of the trailing four quarters. CNXN's shares have gained 46.1% over the past year to close the last trading session at $65.58.
It's no surprise that CNXN has an overall A rating, equating to a Strong Buy in our POWR Ratings system.
It has a B grade for Momentum, Stability, Sentiment, and Quality. It is ranked #2 in the same industry. Beyond what is stated above, we've also rated CNXN for Growth and Value. Get all CNXN ratings <a href="https://stocknews.com/stock/CNXN/">here</a>.
Proto Labs, Inc. (<a href="https://stocknews.com/stock/PRLB/">PRLB</a>)
PRLB is an e-commerce digital manufacturer of custom prototypes and on-demand production parts worldwide. The company offers injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication products.
In terms of the trailing-12-month gross profit margin, PRLB's 44.06% is 42.4% higher than the 30.94% industry average. Likewise, its 5.58% trailing-12-month CAPEX / Sales is 89.2% higher than the industry average of 2.95%. Furthermore, the stock's 9.34% trailing-12-month levered FCF margin is 43.6% higher than the industry average of 6.51%.
During the fiscal fourth quarter ended December 31, 2023, PRLB's total revenue rose 8.2% year-over-year to $125.05 million. Its non-GAAP gross profit increased 14.5% over the prior-year quarter to $56.61 million.
The company's adjusted EBITDA came in at $22.30 million, up 53.8% year-over-year. Additionally, its non-GAAP net income and net income per share grew 70.1% and 76.9% year-over-year to $11.83 million and $0.46, respectively.
Street expects PRLB's revenue for the quarter ending June 30, 2024, to increase 4.9% year-over-year to $128.26 million. Its EPS for the quarter ended March 31, 2024, is expected to increase 4.2% year-over-year to $0.31. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past six months, the stock has gained 32.8% to close the last trading session at $34.26.
PRLB's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value, Momentum, and Quality. It is ranked first out of the five stocks in the <a href="https://stocknews.com/category/technology-3d-printing/">Technology - 3D Printing</a> industry. <a href="https://stocknews.com/stock/PRLB/">Click here</a> to see PRLB's ratings for Stability and Sentiment.
Lantronix, Inc. (<a href="https://stocknews.com/stock/LTRX/">LTRX</a>)
LTRX offers solutions for video surveillance, infotainment systems, and intelligent substations infrastructure internationally. The company's IoT products include IoT System Solutions, Embedded IoT Modules, and Software and Engineering Services. It also offers telematics devices, which provide power-efficient products.
LTRX's trailing-12-month levered FCF margin of 16.98% is 81.7% higher than the industry average of 9.35%. Its trailing-12-month asset turnover ratio of 0.92x is 49% higher than the industry average of 0.62x.
For the fiscal second quarter ended on December 31, 2023, LTRX's net revenue increased 17.5% year-over-year to $37.04 million. Its gross profit rose 9% from the year-ago value to $15.03 million. In addition, the company's non-GAAP net income amounted to $2.96 million and $0.08, representing increases of 115.4% and 100% year-over-year, respectively.
For the quarter that ended March 31, 2024, LTRX's revenue and EPS are expected to increase 22.1% and 63.3% year-over-year to $40.22 million and $0.10, respectively. Shares of LTRX has declined 19.3% over the past month to close the last trading session at $3.17.
LTRX's promising outlook is reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Growth and Momentum and a B for Value, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry, LTRX is ranked first out of 38 stocks. To access LTRX's Stability rating, <a href="https://stocknews.com/stock/LTRX/">click here</a>.
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LDOS shares were trading at $128.70 per share on Monday morning, up $0.04 (+0.03%). Year-to-date, LDOS has gained 19.26%, versus a 9.45% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/ldos-cnxn-prlb-ltrx-top-4-tech-stocks-poised-for-explosive-returns-in-april/>Top 4 Tech Stocks Poised for Explosive Returns in April</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 4 Tech Stocks Poised for Explosive Returns in April

Craig-Hallum analyst Greg Palm maintained a Hold rating on Proto Labs (PRLB – Research Report) today. The company's shares closed yesterday at $31....

Craig-Hallum Remains a Hold on Proto Labs (PRLB)

Notable earnings before Friday's open

Proto Labs Q1 2024 Earnings Preview

Proto Labs beats top-line and bottom-line estimates; initiates FY24 outlook

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Proto Labs (NYSE:<a href="https://investorplace.com/stock-quotes/prlb-stock-quote/">PRLB</a>) just reported results for the first quarter of 2024.<ul><li>Proto Labs reported earnings per share of 40 cents. This was above the analyst estimate for EPS of 31 cents.</li><li>The company reported revenue of $127.89 million.</li><li>This was 2.57% better than the analyst estimate for revenue of $124.68 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/prlb-stock-earnings-proto-labs-for-q1-of-2024/">PRLB Stock Earnings: Proto Labs Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

PRLB Stock Earnings: Proto Labs Beats EPS, Beats Revenue for Q1 2024

Proto Labs, Inc. (PRLB) Q1 2024 Earnings Call Transcript

Needham analyst James Ricchiuti has maintained their neutral stance on PRLB stock, giving a Hold rating on May 3. James Ricchiuti has given his Hol...

Proto Labs (PRLB): Hold Rating Maintained Amid Strong Q1 Performance and Cautious Q2 Outlook

With the worldwide IT spending estimated to surge over $5 trillion this year, the tech sector continues its robust expansion. So, investors might consider investing in fundamentally solid tech stocks HP Inc. (HPQ), Proto Labs (PRLB), and Hackett Group (HCKT) this month. Read more... The NASDAQ Composite's impressive 29.5% surge over the past year and 5.5% return in 2024 highlight the technology sector's resilience and growth potential. With that in mind, robust tech stocks HP Inc. (<a href="https://stocknews.com/stock/HPQ/">HPQ</a>), Proto Labs, Inc. (<a href="https://stocknews.com/stock/PRLB/">PRLB</a>), and Hackett Group Inc. (<a href="https://stocknews.com/stock/HCKT/">HCKT</a>) could be ideal investments this month.
The tech sector's robust growth is fueled by investments in advanced technologies for digital transformation and operational efficiency. According to Gartner, worldwide IT spending is projected to reach <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">$5.06 trillion in 2024</a>, an 8% increase from 2023. This growth, exceeding the previous quarter's forecast of 6.8%, positions tech spending to surpass $8 trillion well before the decade's end.
Additionally, <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">continuous advancements in IT hardware</a>, like faster processors and increased storage, are boosting the tech hardware sector. Moreover, global integration of 5G networks and emerging technologies such as 5G and quantum computing drive demand for electronic components.
Further, the tech sector is poised for significant growth, driven by increased spending on cloud, cybersecurity, software, and IT services, alongside continuous innovations in AI and emerging technologies, promising bright prospects for investors. With that in mind, let us deep dive into the fundamentals of the top tech stocks:
HP Inc. (<a href="https://stocknews.com/stock/HPQ/">HPQ</a>)
With a <a href="https://www.investopedia.com/investing/market-capitalization-defined/">market capitalization</a> of $27.57 billion, HPQ, the titan of personal computing and digital access, revolutionizes the global landscape. With its three dynamic segments, Personal Systems, Printing, and Corporate Investments, the company engineers solutions that redefine how people work, create, and connect.
On April 25, 2024, HPQ's Next Generation Antivirus (NGAV) by HP Wolf Pro Security received a perfect score in an independent test conducted by AV-TEST, a renowned IT security research institute. Named a 'Top Product' for corporate endpoint protection, NGAV excelled in protection against malware and cyber threats, demonstrating high performance across systems, and offering a seamless user experience with minimal false alarms.
Moreover, on April 24, 2024, HPQ and Ferrari, a wholly-owned Italian subsidiary of Ferrari N.V. (<a href="https://stocknews.com/stock/RACE/">RACE</a>), unveiled a groundbreaking, multi-year partnership.
This collaboration underscores a mutual dedication to driving sustainable innovation and propelling purposeful technology forward within the realms of the Scuderia Ferrari Formula 1 team, the Scuderia Ferrari Esports team, and the Scuderia Ferrari Driver Academy.
With a four-year dividend of 3.18%, the company pays an annual dividend of $1.10, which yields 3.91% on the current market price. In the fiscal first quarter ended January 2024, the company returned $0.80 billion to shareholders through share repurchases and dividends.
In the fiscal first quarter that ended January 31, 2024, HPQ reported net revenue of $13.19 billion. The company's non-GAAP net earnings and non-GAAP earnings from operations grew 10.5% and 5% year-over-year to $808 million and $1.11 billion, respectively. Its non-GAAP net EPS increased 11% from the prior year's quarter to $0.81.
For the fiscal 2024 second quarter (ended April 2024), HPQ projects non-GAAP net EPS between $0.76 and $0.86. HPQ also expects to generate free cash flow between $3.10 to $3.60 billion for fiscal year 2024.
Street expects HPQ's EPS to rise 4.6% year-over-year to $3.43 in the fiscal year ending October 2024. Its revenue is likely to reach $53.65 billion in the same year. Additionally, the company has surpassed the consensus revenue estimates in each of the trailing four quarters, which is remarkable.
Shares of HPQ have soared marginally intraday to close the last trading session at $28.18.
HPQ's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
HPQ has an A grade for Value and a B in Momentum. It is ranked #10 out of 36 stocks in the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry.
In addition to the POWR Ratings we've stated above, one can access HP's Growth, Sentiment, Quality, and Stability grades <a href="https://stocknews.com/stock/HPQ/">here</a>.
Proto Labs, Inc. (<a href="https://stocknews.com/stock/PRLB/">PRLB</a>)
With a market cap of $794.667 million, PRLB is the go-to name in e-commerce digital manufacturing. Specializing in custom prototypes and on-demand production parts worldwide, PRLB's innovative services encompass injection molding, CNC machining, 3D printing, and sheet metal fabrication.
On May 1, PRLB showcased its impactful collaboration with BioDapt, a pioneer in designing, manufacturing, and distributing high-performance lower limb prosthetic equipment for action sports and similar demanding activities. Through its hybrid digital manufacturing model, combining digital factories with a global network of partners, PRLB positively influences the world.
During the fiscal first quarter ended March 31, 2024, PRLB's total revenue rose 1.6% year-over-year to $127.89 million. Its non-GAAP gross profit increased 6.7% over the prior-year quarter to $56.61 million. The company's adjusted EBITDA came in at $20.23 million, up 13.9% year-over-year.
Additionally, its non-GAAP net income and net income per share grew 32.3% and 33.3% year-over-year to $10.41 million and $0.40, respectively.
For the second quarter of 2024, the company anticipates revenue in the range of $122 million to $130 million. Additionally, it projects non-GAAP net income per share to fall between $0.30 and $0.38.
Analysts expect PRLB's EPS and revenue to expand 6.8% and 4.1% year-over-year to $0.35 and $127.25 million in the fiscal second quarter ending June 2024. It surpassed the Street EPS estimates in each of the trailing four quarters.
Over the past year, the stock has gained 9.5%, closing the last trading session at $31.09.
PRLB's positive outlook is reflected in its POWR Ratings. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value and Quality. It is ranked first out of five stocks in the <a href="https://stocknews.com/category/technology-3d-printing/">Technology – 3D Printing</a> industry.
To see PRLB's Stability, Momentum, and Sentiment ratings, click <a href="https://stocknews.com/stock/PRLB/">here</a>.
Hackett Group Inc. (<a href="https://stocknews.com/stock/HCKT/">HCKT</a>)
HCKT, a global advisory and tech consulting firm, leads the charge in strategic innovation. With tailored Oracle and SAP solutions and a market cap of $610.74 million, it's the go-to for businesses seeking transformation. It has three segments: Global Strategy &amp; Business Transformation; Oracle Solutions; and SAP Solutions.
On April 5, HCKT paid its shareholders its first-quarter dividend of $0.11 per share. Its annual dividend of $0.44 yields 1.99% on the current market price, compared to a four-year average dividend yield of 2.10%.
During the fiscal fourth quarter ended December 29, 2023, HCKT's total revenues increased 3.3% year-over-year to $72.40 million. Its operating income came in at $11.48 million. Its adjusted net income per common share stood at $0.39, representing an increase of 8.3% over the prior-year quarter. In addition, the company's adjusted net income came in at $10.83 million.
For the first quarter of 2024, HCKT expects total revenue before reimbursements to range between $72.50 million and $74 million. Additionally, adjusted EPS is projected to fall between $0.36 and $0.39.
HCKT's revenue is estimated to improve 4.5% from the prior-year quarter to $74.43 million in the fiscal first quarter ended March 2024. Its EPS is likely to rise marginally year-over-year to $0.37 for the same quarter. It surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.
The stock has returned 17% over the past year to close the last trading session at $22.14.
HCKT's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has a B grade for Stability, Sentiment, and Quality. Within the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing – Tech Services</a> industry, it is ranked first out of nine stocks.
Click <a href="https://stocknews.com/stock/HCKT/">here</a> to see HCKT's Growth, Value, and Momentum ratings.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
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HPQ shares rose $0.04 (+0.14%) in premarket trading Monday. Year-to-date, HPQ has declined -5.50%, versus a 7.90% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/hpq-prlb-hckt-race-3-tech-stocks-ripe-for-may-investment/>3 Tech Stocks Ripe for May Investment</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Ripe for May Investment

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Proto Labs Stock (NYSE:PRLB), Short Interest Report

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