Tenable Holdings (NASDAQ:TENB) Stock, Quote.Headers.trade-ideas

Tenable Holdings

Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.

Carvana

News

Pre-Market Outlook

Markets

Movers

Trading Ideas

ALXO

ATEC

BBLG

CDNA

CFLT

CVNA

MASSIVE INTERACTIVE NV by Massive Interactive, Inc.

HUGE

IMRX

KXIN

NCNC

NOVA

TDOC

TENB

UDMY

Why Carvana Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket

xr:d:DAFibNgallc:2,j:46766421678,t:23050912

HSBC

Western Digital, Udemy, Teladoc Health And Other Big Stocks Moving Lower In Thursday&#39;s Pre-Market Session

bull ai

Analyst Color

Earnings

Long Ideas

Analyst Ratings

Tech

AMZN

CHKP

CRWD

CYBR

GOOG

GOOGL

MSFT

PANW

PLTR

Tech analyst Daniel Ives predicts 15% surge for Microsoft, Alphabet, Amazon, Palantir, and Meta. Q1 earnings expected to drive tech stocks up 15% in 2024.

Why Microsoft, Alphabet, Amazon, Palantir, And Meta Could Rise 15% In 2024, According To Analyst

Tenable Holdings Inc

B of A Securities analyst Sachin Salgaonkar maintains Sea (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) with a Buy and raises the price target from $84 to $96.

Price Target

B of A Securities Maintains Buy on Sea, Raises Price Target to $96

Squishmallows to Join Forces with Crocs to Release a Variety of Shoes and Jibbitz&#x2122; Charms Inspired by Iconic Characters
Squishmallows fans can now slip into the world's most iconic 13-hole footwear! <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2F___https%3A%2Fwww.jazwares.com%2F___.YzJ1OmNyb2NzaW5jOmM6bzowMjBkMDA5OGE3MjNiYzlkNjlmZmZkMWNmNDA5NWUwZTo2OmRmY2Q6YWM2YmJkYTVjNDBiM2U2ODkxMjc2ZTE2NjkyODViMTM5MmVhODU0MTI5ZDgyNDIwNThhMDE4ZDk1N2Y4NWY2OTpwOlQ6Tg&amp;esheet=54124862&amp;newsitemid=20240923787829&amp;lan=en-US&amp;anchor=Jazwares&amp;index=1&amp;md5=aeddafb4f7c54815f18a7de235b2e324">Jazwares</a>, one of the world's leading toy companies, and Crocs, a global leader in innovative casual footwear, are partnering to bring everyone's favorite ultra-soft plush, Squishmallows, a full line of unique Crocs&#x2122; shoes and Jibbitz&#x2122; charms. Combining Squishmallows colorful personality with cute and comfy styling, the collection features three vibrant designs available now at your favorite Crocs retailer and online on Crocs.com.

CROX

Squishmallows To Join Forces With Crocs To Release A Variety Of Shoes And Jibbitz Charms Inspired By Iconic Characters

12 analysts have shared their evaluations of Lucid Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Lucid Gr and provided 12-month price targets. The average target is $3.75, accompanied by a high estimate of $4.00 and a low estimate of $3.00. This upward trend is apparent, with the current average reflecting a 0.54% increase from the previous average price target of $3.73.
<img src="https://www.benzinga.com/files/images/story/2024/1727107274_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Lucid Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$4.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Tom Narayan</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$3.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$4.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$4.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$4.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Tom Narayan</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$3.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$4.00</td>
<td>-</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Underweight</td>
<td>$4.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Underweight</td>
<td>$4.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Underweight</td>
<td>$4.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Ben Kallo</td>
<td>Baird</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$3.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Underweight</td>
<td>$4.00</td>
<td>$4.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Lucid Gr. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Lucid Gr compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Lucid Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Lucid Gr's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/LCID/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lucid Gr analyst ratings.</a>
<h2>Discovering Lucid Gr: A Closer Look</h2>
Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.
<h3>Lucid Gr: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Lucid Gr's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 32.95%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Lucid Gr's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -393.98%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -20.4%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Lucid Gr's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -9.23%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.69.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LCID

Forecasting The Future: 12 Analyst Projections For Lucid Gr

Analysts' ratings for Ouster (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) over the last quarter vary from bullish to bearish, as provided by 12 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $13.08, along with a high estimate of $17.00 and a low estimate of $11.00. Observing a downward trend, the current average is 4.32% lower than the prior average price target of $13.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1727107259_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Ouster. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Kevin Garrigan</td>
<td>WestPark Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$13.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Richard Shannon</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Buy</td>
<td>$11.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Kevin Garrigan</td>
<td>WestPark Capital</td>
<td>Maintains</td>
<td>Buy</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Andres Sheppard</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$13.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Ouster. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Ouster compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Ouster's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Ouster's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/OUST/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ouster analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Ouster</h2>
Ouster Inc is a provider of lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries. Ouster's products include high-resolution scanning and solid-state digital lidar sensors, Velodyne Lidar sensors, and software solutions. The company operates in the Americas, Asia and Pacific, Europe, Middle East, and Africa regions. It derives maximum revenue from Americas.
<h3>Breaking Down Ouster's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Ouster displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 39.15%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Ouster's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -88.44%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Ouster's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -14.13%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Ouster's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -7.61%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Ouster's debt-to-equity ratio is below the industry average. With a ratio of 0.4, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

OUST

Expert Ratings For Ouster

During the last three months, 15 analysts shared their evaluations of eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $59.73, a high estimate of $65.00, and a low estimate of $46.00. This current average has increased by 8.46% from the previous average price target of $55.07. 
<img src="https://www.benzinga.com/files/images/story/2024/1727107240_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of eBay by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$62.00</td>
<td>-</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$58.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$46.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Ygal Arounian</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Lee Horowitz</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$64.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$53.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$59.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$62.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Justin Post</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$57.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Nathan Feather</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$61.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to eBay. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of eBay compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of eBay's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/EBAY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on eBay analyst ratings.</a>
<h2>About eBay</h2>
EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.
<h3>Key Indicators: eBay's Financial Health</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining eBay's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.26% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: eBay's net margin excels beyond industry benchmarks, reaching 8.71%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): eBay's ROE stands out, surpassing industry averages. With an impressive ROE of 3.8%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): eBay's ROA excels beyond industry benchmarks, reaching 1.07%. This signifies efficient management of assets and strong financial health.
Debt Management: eBay's debt-to-equity ratio is below the industry average at 1.48, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EBAY

15 Analysts Have This To Say About eBay

DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) has been analyzed by 24 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $141.54, a high estimate of $170.00, and a low estimate of $115.00. This upward trend is apparent, with the current average reflecting a 7.59% increase from the previous average price target of $131.55.
<img src="https://www.benzinga.com/files/images/story/2024/1727107233_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of DoorDash by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Jake Fuller</td>
<td>BTIG</td>
<td>Announces</td>
<td>Buy</td>
<td>$155.00</td>
<td>-</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Overweight</td>
<td>$160.00</td>
<td>-</td>
</tr>
<tr>
<td>Tom White</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$119.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Rohit Kulkarni</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$124.00</td>
<td>$118.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$140.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$127.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Andrew Boone</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$145.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Lloyd Walmsley</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$143.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$127.00</td>
</tr>
<tr>
<td>Mark Zgutowicz</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$152.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Jason Helfstein</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$145.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$155.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Ross Sandler</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$120.00</td>
<td>$113.00</td>
</tr>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Doug Anmuth</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$137.00</td>
<td>$111.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Bernie McTernan</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Mark Zgutowicz</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$150.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>James Cordwell</td>
<td>Redburn Atlantic</td>
<td>Announces</td>
<td>Buy</td>
<td>$170.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Boone</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Shweta Khajuria</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$130.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to DoorDash. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of DoorDash compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for DoorDash's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of DoorDash's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/DASH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on DoorDash analyst ratings.</a>
<h2>Unveiling the Story Behind DoorDash</h2>
Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDash provides a marketplace for the merchants to create a presence online, market their offerings, and meet demand by making the offerings available for pickup or delivery. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers.
<h3>Breaking Down DoorDash's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: DoorDash displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 23.3%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: DoorDash's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -5.97%, the company may face hurdles in effective cost management.
Return on Equity (ROE): DoorDash's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -2.22%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): DoorDash's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -1.35%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.07.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DASH

Navigating 24 Analyst Ratings For DoorDash

Ratings for TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for TD Synnex, revealing an average target of $136.57, a high estimate of $150.00, and a low estimate of $123.00. This current average reflects an increase of 0.42% from the previous average price target of $136.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1727107222_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive TD Synnex. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$138.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Ruplu Bhattacharya</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$132.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>David Vogt</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$135.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Joseph Cardoso</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$123.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$138.00</td>
<td>$138.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to TD Synnex. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of TD Synnex compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for TD Synnex's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of TD Synnex's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SNX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on TD Synnex analyst ratings.</a>
<h2>About TD Synnex</h2>
TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include, the Americas, Europe, and APJ.
<h3>Financial Milestones: TD Synnex's Journey</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: TD Synnex's revenue growth over a period of 3 months has faced challenges. As of 31 May, 2024, the company experienced a revenue decline of approximately -0.81%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: TD Synnex's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 1.02%, the company may face hurdles in effective cost management.
Return on Equity (ROE): TD Synnex's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.77%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.51%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: TD Synnex's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.58, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating TD Synnex: Insights From 7 Financial Analysts

Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) has outperformed the market over the past 10 years by 3.34% on an annualized basis producing an average annual return of 14.54%. Currently, Marathon Petroleum has a market capitalization of $54.67 billion. 
Buying $100 In MPC: If an investor had bought $100 of MPC stock 10 years ago, it would be worth $390.03 today based on a price of $163.35 for MPC at the time of writing.
<h3>Marathon Petroleum's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727107218_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Marathon Petroleum 10 Years Ago Would Be Worth Today

In the preceding three months, 8 analysts have released ratings for Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $112.12, along with a high estimate of $127.00 and a low estimate of $104.00. This current average has increased by 2.99% from the previous average price target of $108.86. 
<img src="https://www.benzinga.com/files/images/story/2024/1727107211_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Crown Castle. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Richard Choe</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$124.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Jonathan Atkin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$104.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Matthew Niknam</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$105.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Ari Klein</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$108.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Gregory Williams</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$127.00</td>
<td>$124.00</td>
</tr>
<tr>
<td>Brett Feldman</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$104.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Crown Castle. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Crown Castle compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Crown Castle's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Crown Castle's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Crown Castle analyst ratings.</a>
<h2>About Crown Castle</h2>
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest us cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three us mobile carriers. Crown Castle operates as a real estate investment trust.
<h3>Financial Milestones: Crown Castle's Journey</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Decline in Revenue: Over the 3 months period, Crown Castle faced challenges, resulting in a decline of approximately -12.91% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Crown Castle's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 15.44%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Crown Castle's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 4.29%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.66%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Crown Castle's debt-to-equity ratio is notably higher than the industry average. With a ratio of 5.2, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 8 Analyst Recommendations For Crown Castle

B of A Securities analyst Christopher Nardone maintains Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) with a Buy and lowers the price target from $87 to $81.

B of A Securities Maintains Buy on Skechers USA, Lowers Price Target to $81

Citigroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) shares are trading slightly higher on Monday. 
The company&#8217;s expansion plans in China have reportedly encountered a setback with U.S. regulators after the Federal Reserve imposed a penalty on the bank for issues related to data management and risk controls, reported Bloomberg. 
Notably, in July, the U.S. bank regulators, the Federal Reserve Board, and the Office of the Comptroller of the Currency (OCC) fined&nbsp;Citigroup&nbsp;$135.6 million for failing&nbsp;to<a target="_blank" href="https://www.benzinga.com/news/24/07/39735239/fed-penalizes-citigroup-136m-for-data-management-failures" rel="noreferrer noopener"> comply with a 2020 enforcement action</a>.
The report highlighted that the bank is experiencing delays in establishing a standalone securities firm because it has not yet received a clearance letter from the Fed, which is necessary for Chinese authorities.
In a statement to Bloomberg, the bank said it cannot comment on its conversations with regulators regarding the ongoing process of receiving a securities license in China.&nbsp;
It was reported in January 2024 that the bank planned to launch its fully-owned China investment banking unit by the close of this year and aims to recruit approximately&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36488201/citi-reportedly-plans-to-launch-wholly-owned-china-unit-amid-economic-slowdown-is-the-risk-worth" rel="noreferrer noopener">30 individuals for the venture</a>.
The team was expected to grow in the coming years with a combination of local hires and transfers from Hong Kong and other markets.
Citigroup has been under scrutiny for its inadequate progress in addressing data management problems identified in the 2020 enforcement action.
In 2020, the bank was fined $400 million for ongoing deficiencies in risk management and data quality controls.
Investors can gain access to the stock via&nbsp;First Trust Nasdaq Bank ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXO#NASDAQ">FTXO</a>)&nbsp;and&nbsp;Series Portfolios Trust InfraCap Equity Income Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICAP#NYSE">ICAP</a>).
Price Action: C shares are up 0.47% at $62.43 at the last check Monday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40552505/citigroup-alleges-ex-managing-directors-firing-was-about-performance-not-whistleblowing-report" target="_blank" rel="noreferrer noopener">Citigroup Alleges Ex-Managing Director&#8217;s Firing Was About Performance, Not Whistleblowing: Report</a></li>
</ul>

Equities

Large Cap

Media

FTXO

ICAP

Citigroup's China Plans Delayed by US Regulatory Issues: Report

- Reuters Citing A Security Source

Macro Economic Events

Global

Economics

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Israeli Strike Targeted Senior Hezbollah Leader Ali Karaki, Fate Unknown

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) could be on track for another major milestone, potentially securing the title of the top-selling vehicle in the U.S. for 2024, building on its <a href="https://www.benzinga.com/news/earnings/24/01/36768363/tesla-q4-earnings-highlights-revenue-miss-eps-miss-model-y-a-global-bestseller-next-gen-vehicle-upd">global dominance in 2023.</a>
What Happened: The Tesla Model Y has accomplished many milestones for Tesla and the <a href="https://www.benzinga.com/electric-vehicles">electric vehicle sector.</a>
The Model Y is the bestselling electric vehicle <a href="https://www.benzinga.com/24/01/36496558/tesla-model-y-is-bestselling-electric-vehicle-of-all-time-passing-a-record-previously-held-by-the-mu">of all time, </a>and in 2023, it became the first electric vehicle to claim the title of global bestselling vehicle.
While the Model Y was the<a href="https://www.benzinga.com/news/24/01/36615986/top-10-bestselling-electric-vehicles-in-u-s-2023-where-do-tesla-ford-general-motors-rank"> bestselling electric vehicle </a>in the United States in 2023, it fell short of claiming the title of the top-selling vehicle overall.
That title belongs to the F-150 pickup truck from Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), a vehicle that has won the title of bestselling U.S. vehicle for more than 40 straight years.
A new <a href="https://wolfstreet.com/2024/09/20/tesla-model-y-now-a-hair-from-1-bestselling-model-closing-in-on-toyota-rav4-former-1-ford-f-150-is-3-stellantis-plunges-off-greed-cliff-ev-share-rises-to-9-0/" target="_blank" rel="noopener">report </a>from Wolf Street, using registration data, shows that Model Y is on pace to win the title in 2024.
Here are the top-selling vehicles in the U.S. through the first six months of 2024, according to the report:
<ol>
<li>Toyota RAV4</li>
<li>Tesla Model Y</li>
<li>F-150</li>
<li>CR-V Honda</li>
<li>Chevy Silverado 1500</li>
<li>Toyota Camry</li>
<li>Toyota Corolla</li>
<li>GMS Sierra 1500</li>
<li>Nissan Rogue</li>
<li>Chevrolet Equinox</li>
</ol>
The RAV4 from Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) currently tops the list, with the Model Y closely behind, and both vehicles are set to surpass the long-running streak of the F-150.
Several other pickup trucks appear on the list, and some have dropped off as consumer appetite for different vehicle models may be changing.  
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l">Tesla Q2 Earnings Highlights: Revenue Beat, EPS Miss, Robotaxi Update, 2024 Growth Rate To Be &#8216;Notably Lower&#8217; Than 2023</a>
Why It's Important: Winning the title of the bestselling vehicle in the world for 2023 was a major accomplishment for Tesla.
While Tesla CEO Elon Musk was confident years ago that this would be the case, many laughed and said there was no way this would happen.
The U.S., home of the Big 3 automakers Ford, General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), and Chrysler, has been slower to transition to electric vehicles than other regions around the world.
A win as the top-selling vehicle in the U.S. in 2024 or even simply passing the F-150 pickup truck could be major milestones for Tesla and the electric vehicle industry overall.
The Model Y was tied with RAV4 at 2.8% market share for the first half of 2024. This marked the highest share for the Model Y and was up from 2.6% in the first quarter.
Two more quarters will determine the winner of the title for the top-selling vehicle in the U.S. for the full year.
For Tesla, securing this title could serve as one of several catalysts to energize investors and analysts as the company approaches the close of the fiscal year. The new data arrives just in time for what promises to be an exciting October.
Tesla will report global deliveries and production figures for the third quarter in October and host its Robotaxi Day. The company is also expected to report third-quarter financial results during the month.
TSLA Price Action: Tesla stock is up 4.7% Monday to $249.65 versus a 52-week trading range of $138.80 to $271.00. Tesla stock is down 1% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40859757/tesla-analyst-says-business-before-pleasure-with-third-quarter-deliveries-report-ah">Tesla Analyst Says &#8216;Business Before Pleasure&#8217; With Third Quarter Deliveries Report Ahead Of Robotaxi Day</a></li>
</ul>
Photo: Shutterstock

TSLA

Tesla Model Y Could End Ford's Long Reign As America's Top-Selling Vehicle: Will 2024 Be The Year?

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on-chain data is showing key support levels that suggest a potential turning point for the cryptocurrency, indicating a positive outlook for the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40963556/experts-predict-bitcoin-surge-to-65-000-as-crypto-market-remains-steady">long-term trajectory of its price</a>.
What Happened: According to <a href="https://cryptoquant.com/insights/quicktake/66f0e6b342286374a37c0916-Long-Term-On-Chain-Support-Levels-Signal-a-Positive-Outlook-for-Bitcoin?utm_source=telegram&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=avocado_onchain">data</a> from CryptoQuant, several on-chain metrics have hit critical support points, historically marking the end of bear markets and the beginning of new bull runs.
One of the most significant metrics is the 7-day Simple Moving Average (SMA) of the Fund Flow Ratio, which has rebounded after touching 0.05. 
Historically, this level has served as a crucial support line, where fund flow stops declining and begins to recover. 
The current rebound suggests that investors are returning to exchanges, a sign that often signals the conclusion of bear markets or halving events and ushers in long-term bullish momentum for Bitcoin. 
Past rebounds from this level have led to substantial price increases.
Additionally, the 30-day SMA of the Estimated Leverage Ratio has also reached a key support range between 0.15 and 0.175, with signs of recovery. 
This metric, which tracks the amount of leverage in Bitcoin trading, gained importance following the approval of Bitcoin futures ETFs after 2021 and continues to play a crucial role in analyzing market sentiment. 
Recent positive news around Bitcoin options trading further strengthens the bullish implications of this support level.
The 30-day Exponential Moving Average (EMA) of Binary Coin Days Destroyed (CDD) has also been moving between 0.1 and 0.3, suggesting that long-term Bitcoin holders are accumulating more of the asset.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40981866/uniswap-ceo-admits-biden-has-been-bad-for-crypto-but-kamala-harris-comments-are-encouragin">Uniswap CEO Admits &#8216;Biden Has Been Bad For Crypto,&#8217; But Kamala Harris&#8217; Comments Are Encouraging: &#8216;Progress Is Progress&#8217;</a>
Historically, when Binary CDD spikes significantly, it signals the end of a bull market. 
The current accumulation phase indicates that long-term investors remain confident, viewing the present levels as an opportunity to acquire Bitcoin before the next potential price rally.
The confluence of these on-chain metrics reaching key support levels presents a positive long-term outlook for Bitcoin. 
These signals suggest that the cryptocurrency may be entering a phase of sustained growth, as has been the case in past cycles following similar data patterns.
This bullish sentiment around Bitcoin will be a focal point at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets </a>event on Nov. 19, where leading figures from the cryptocurrency and blockchain industries will explore the future of digital assets and decentralized finance.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40963926/anthony-scaramucci-backs-kamala-harris-on-crypto-policy-says-its-going-in-the-right-direct">Anthony Scaramucci Backs Kamala Harris On Crypto Policy, Says &#8216;It&#8217;s Going In The Right Direction&#8217;</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitcoin's On-Chain Metrics Are Turning Bullish: What Is Going On?

Traders are leaning toward the possibility that Caroline Ellison, former CEO of Alameda Research, will <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39044786/former-ftx-executive-ryan-salame-sentenced-to-over-7-years-in-prison">avoid prison time</a>.
What Happened: Polymarket prediction market <a href="https://polymarket.com/event/caroline-ellison-prison-time?tid=1727092533397">data</a> shows a 45% chance that Ellison will receive no prison time, with $153,679 bet on this outcome.
Traders are currently betting 49 cents for &#8220;Yes&#8221; and 59 cents for &#8220;No&#8221; regarding her receiving no jail time.
The market also predicts other potential outcomes for her sentencing, with a 21% chance that Ellison will serve between 1-11 months in prison. 
This category has seen $52,225 wagered, with a 23-cent price for &#8220;Yes&#8221; and an 82-cent price for &#8220;No.&#8221; 
Additionally, there is a 24% chance she will serve between 12-23 months, with $27,498 bet, and respective prices of 28 cents for &#8220;Yes&#8221; and 81 cents for &#8220;No.&#8221;
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40963556/experts-predict-bitcoin-surge-to-65-000-as-crypto-market-remains-steady">Experts Predict Bitcoin Surge To $65,000 As Crypto Market Remains Steady</a>
The smallest probability, at just 6%, is for a sentence of 24-35 months, with $27,724 staked and a price of 6 cents for &#8220;Yes&#8221; and 94.1 cents for &#8220;No.&#8221;
Ellison&#8217;s sentencing hearing is set for Tuesday in New York, where her legal team has been pushing for supervised release, citing her &#8220;extraordinary cooperation&#8221; with prosecutors. 
Ellison had previously filed a plea deal shortly after her former colleague and FTX CEO Sam Bankman-Fried was charged in December 2022, agreeing to fully cooperate with authorities in exchange for leniency.
Traders are betting heavily on the possibility of no jail time, which reflects the defense&#8217;s argument for leniency, but they have also placed substantial wagers on short-term prison outcomes, highlighting the uncertainty surrounding the case.
What&#8217;s Next: These developments will be closely watched ahead of Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where experts are expected to discuss the regulatory and legal impacts of major cases like Ellison's on the broader crypto industry.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40963074/judge-dismisses-consensys-lawsuit-after-sec-withdraws-ethereum-investigation">Judge Dismisses ConsenSys Lawsuit After SEC Withdraws Ethereum Investigation</a></li>
</ul>
Image: Shutterstock

Polymarket Traders Predict 45% Chance Of No Prison Time For Former FTX CEO Caroline Ellison

In celebration of PlayStation&#8217;s 30th anniversary, Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) unveiled new limited-edition versions of the PS5 and its accessories, marking a nostalgic nod to the original PlayStation launched on <a href="https://www.benzinga.com/topic/playstation">Dec. 3, 1994. </a>
Leaks from reliable insider billbil-kun have reportedly <a href="https://www.dealabs.com/magazine/on-vous-devoile-les-prix-de-quelques-references-des-editions-limitees-du-30eme-anniversaire-playstation-59567">learned</a> the pricing for the highly anticipated 30th Anniversary PS5 Slim bundle and the DualSense controller.
See Also: <a href="https://www.benzinga.com/general/gaming/24/09/40947591/playstation-celebrates-30-years-with-retro-themed-ps5-pro-and-slim-editions">PlayStation Celebrates 30 Years With Retro-Themed PS5 Pro And Slim Editions</a>
Reports suggest Sony will price the PlayStation 5 Slim 30th Anniversary bundle at $499.99 in the United States, 519.99 euros in Europe, and 449.99 pounds in the UK.
Sony plans to sell the commemorative DualSense controller for $79.99, with estimated prices of 79.99 euros in Europe and 69.99 pounds in the UK.
These prices align with the cost of Sony&#8217;s recently released DualSense Astro Bot controller, making the limited-edition controller a tempting addition for collectors.
<h3 class="wp-block-heading">Nostalgic Design And Limited Availability</h3>
Sony's 30th Anniversary lineup integrates the iconic color scheme of the original PlayStation into its latest PS5 models, a design choice that has generated excitement across the gaming community. 
The 30th Anniversary Collection includes both the PS5 Digital Edition and the highly anticipated PS5 Pro, with a limited release of 12,300 units for the Pro model. Each unit will feature engraved numbering to commemorate the PlayStation's historic launch date, December 3, 1994.
The PlayStation 5 Digital Edition – 30th Anniversary Limited Edition Bundle offers a 1TB SSD and includes a matching DualSense controller and a Console Cover for a Disc Drive (sold separately). 
Other collectible items include a nostalgic PlayStation controller-style cable connector housing, four PlayStation-shaped cable ties, a limited edition PlayStation poster (one of 30 designs), and a commemorative PlayStation sticker and paperclip. 
Sony urges fans to act quickly, confirming it will produce only 12,300 units of the 30th Anniversary Collection.
<h3 class="wp-block-heading">PlayStation Fans React To PS5 Pro Pricing</h3>
The announcement of the PS5 Pro 30th Anniversary Edition has been met with mixed reactions, especially regarding its steep $700 price tag. 
The console does not include a disc drive, which surprised some fans. Early <a href="https://www.ign.com/articles/polls-ps5-pro-price-reveal">polls</a> conducted by IGN suggested that only 10 to 15 percent of PlayStation enthusiasts planned to purchase the PS5 Pro, primarily citing the high cost as a deterrent.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/40756522/ps5-price-increase-hits-japan-is-the-rest-of-the-world-next-analysts-weigh-in">PS5 Price Increase Hits Japan: Is The Rest Of The World Next? Analysts Weigh In</a></li>
</ul>
Image courtesy: Sony.

Gaming

General

Sony Group Corporation American Depositary Shares

SONY

PlayStation 30th Anniversary PS5 Slim Bundle Price Revealed: Here's What It'll Cost You

Israeli Military Says It Conducted A Targeted Strike In Beirut

<a href="https://blog.google/products/google-tv/google-tv-home-ai-sports-features/" title="https://blog.google/products/google-tv/google-tv-home-ai-sports-features/">https://blog.google/products/google-tv/google-tv-home-ai-sports-features/</a>

iShares MSCI Indonesia Investable Market Index Fund

EIDO

iShares MSCI Thailand Investable Market Index Fund

Google TV Expands Device Selection With New Streamers, Art TVs, And Smart Projectors, Now Available In More Countries Including Thailand, Indonesia, Vietnam, And The Philippines, Reaching 270M Monthly Active Devices

Israeli Military Says It Is Now Targeting Beirut

Investors with a lot of money to spend have taken a bullish stance on Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UBER, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 16 uncommon options trades for Uber Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 37%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $161,516, and 13 are calls, for a total amount of $758,253.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $80.0 for Uber Technologies over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Uber Technologies stands at 2393.91, with a total volume reaching 3,399.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Uber Technologies, situated within the strike price corridor from $55.0 to $80.0, throughout the last 30 days.
<h3>Uber Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727106343_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.45</td>
<td>$4.35</td>
<td>$4.4</td>
<td>$80.00</td>
<td>$155.3K</td>
<td>9.4K</td>
<td>453</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$8.65</td>
<td>$8.5</td>
<td>$8.65</td>
<td>$75.00</td>
<td>$108.1K</td>
<td>568</td>
<td>125</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.35</td>
<td>$4.3</td>
<td>$4.35</td>
<td>$80.00</td>
<td>$72.6K</td>
<td>9.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$5.75</td>
<td>$5.65</td>
<td>$5.65</td>
<td>$75.00</td>
<td>$67.2K</td>
<td>1.1K</td>
<td>139</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$10.5</td>
<td>$10.25</td>
<td>$10.25</td>
<td>$70.00</td>
<td>$64.5K</td>
<td>32</td>
<td>3</td>
</tr>
</tbody>
</table>

<h3>About Uber Technologies</h3>
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month.
In light of the recent options history for Uber Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Uber Technologies</h3>
<ul>
<li>With a volume of 2,889,715, the price of UBER is up 0.18% at $74.07. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 43 days.</li>
</ul>
<h3>What Analysts Are Saying About Uber Technologies</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $89.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Uber Technologies with a target price of $88. 
&#x2A; Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on Uber Technologies with a target price of $84. 
&#x2A; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $90. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Uber Technologies, which currently sits at a price target of $97. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $90. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Uber Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

UBER

Decoding Uber Technologies's Options Activity: What's the Big Picture?

Rapid7 dips as Baird cuts on worries over 'vulnerability' in second half

Dynatrace, Elastic, JFrog, SentinelOne, Zoom Video potential M&A targets - analyst

Shrenik Kothari, an analyst from Robert W. Baird, maintained the Buy rating on Tenable Holdings (TENB – Research Report). The associated price targ...

Tenable Holdings: A Buy Rating on Strong Financials and Growth Strategy

Analyst Shrenik Kothari of Robert W. Baird maintained a Buy rating on Tenable Holdings (TENB – Research Report), retaining the price target of $53....

Tenable Holdings: Strategic Cloud Security Expansion and Buy Rating Post 2Q Earnings

As remote work becomes increasingly prevalent, ensuring robust cloud security is more critical than ever. The surge in cyber threats highlights the need for reliable protection, making it an opportune moment for investors to consider robust cloud security stocks Tenable Holdings (TENB), Trend Micro (TMICY), and Darktrace (DRKTY). Read on… Since the Covid-19 pandemic, remote work has become the preferred method of employment for millions, even years after the pandemic has ended. According to the Pew Research Center, around <a href="https://www.usatoday.com/money/blueprint/business/hr-payroll/remote-work-statistics/">22 million employed adults</a> in the United States work from home full-time, equal to roughly 14% of all employed adults.
Given this shift, investing in fundamentally robust cloud security stocks, such as Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>), Trend Micro Incorporated (<a href="https://stocknews.com/stock/TMICY/">TMICY</a>), and Darktrace plc (DRKTY), could be advantageous. Before diving into the stocks, let's first understand the current state of the cloud security industry.
As remote work continues to rise, securing the data stored in cloud-based systems has become essential to fend off increasing cyberattacks and threats. The <a href="https://edition.cnn.com/2024/07/24/tech/crowdstrike-outage-cost-cause/index.html">recent software glitch</a> at CrowdStrike Holdings, Inc. (<a href="https://stocknews.com/stock/CRWD/">CRWD</a>), which resulted in a major tech outage and left millions of Windows users locked out of their devices, highlights the need for advanced cybersecurity.
That being said, while organizations are swiftly adopting new defenses, there is still ample opportunity for innovation in strengthening cybersecurity measures. Accordingly, the increasing threat of cybercrime has made governments and organizations invest billions in beefing up the digital security.
The Biden-Harris administration has <a href="https://federalnewsnetwork.com/budget/2024/03/biden-budget-request-includes-13b-for-cybersecurity-continuing-upward-trend/?readmore=1">proposed $13 billion in cybersecurity funding</a> across civilian departments and agencies for fiscal 2024. Additionally, the fiscal 2025 proposal allocates $3 billion to the Cybersecurity and Infrastructure Security Agency (CISA), marking a $103 million increase from its current budget.
Thus, the adoption of cloud security and other cybersecurity measures has become crucial for organizations to prevent data theft and breaches. According to Mordor Intelligence, the cloud security software market is projected to reach $102.59 billion by 2029, expanding at <a href="https://www.mordorintelligence.com/industry-reports/global-cloud-security-software-market-industry">a CAGR of 17.6%</a>.
In light of these encouraging trends, let's examine the fundamentals of the three cloud security stock picks, starting with #3.
Stock #3: Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>)
TENB offers exposure management solutions for managing cybersecurity risk in information technology (IT) environments. Its solutions include Tenable Vulnerability Management, Cloud Security, Identity Exposure, Web App Scanning, Lumin Exposure View, Attack Surface Management, Security Center, and more.
On June 6, TENB announced a definitive <a href="https://investors.tenable.com/news-releases/news-release-details/tenable-acquire-eureka-security-add-data-security-posture">agreement to acquire Eureka Security, Inc</a>., a provider of data security posture management (DSPM) for cloud environments. The strategic move would enhance TENB's capability to prioritize cloud risks effectively by integrating advanced DSPM technology.
This underscores TENB's commitment to innovation in cybersecurity, positioning the company at the forefront of cloud security solutions.
On June 5, TENB announced a <a href="https://investors.tenable.com/news-releases/news-release-details/tenable-and-deloitte-announce-strategic-alliance-help-clients">strategic alliance with Deloitte</a> to offer advanced exposure management solutions, including vulnerability management, cloud security, and operational technology security. Deloitte will integrate TENB's One Exposure Management Platform, Cloud Security, and OT Security into its cyber solutions portfolio.
The strategic alliance aims the use of preventive security measures by organizations to better understand their cyber risks and help resolve issues, in turn increasing TENB's market exposure and opening its doors for new customers.
For the fiscal 2024 second quarter that ended June 30, 2024, TENB's revenue increased by 13.4% year-over-year to $221.24 million. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> came in at $172.44 million, showing an increase of 13.8% year-over-year.
Moreover, the company's non-GAAP income from operations was reported to be $42.78 million, a 41.6% increase from the previous year's quarter. In addition, TENB's non-GAAP net income was $38.16 million or $0.31 per share, a 45.3% and 40.9% year-over-year increase.
Street expects TENB's revenue and EPS for the fiscal third quarter ending September 2024 to increase 10.8% and 28.4% year-over-year to $223.21 million and $0.30, respectively. Plus, the company has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of TENB have gained 11.6% over the past nine months, closing the last trading session at $41.60.
TENB's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
TENB is ranked #8 out of 23 stocks in the B-rated <a href="https://stocknews.com/category/software-security/">Software – Security</a> industry. It has an A grade for Growth.
<a href="https://stocknews.com/stock/TENB/">Click here</a> to see TENB's Value, Momentum, Sentiment, Quality, and Stability ratings.
Stock #2: Trend Micro Incorporated (<a href="https://stocknews.com/stock/TMICY/">TMICY</a>)
Based in Tokyo, Japan, TMICY specializes in development and sale of computer security products and services. The company's product offering includes personal computer (PC) clients, local area network (LAN) servers, Internet servers, and more.
On August 7, the company <a href="https://www.trendmicro.com/en_au/about/newsroom/press-releases/2024/08-08-2024.html">launched a new solution</a>, which was included in TMICY's Vision One&#x2122; Sovereign Private Cloud — powered by NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) NIM microservices, part of the NVDA AI Enterprise software platform. This would allow organizations to boost the potential of the AI era while maintaining business resilience.
TMICY, through this development, aims to pioneer AI for security and security for AI to ensure that any team can securely innovate without elevating risk and implement new technology appropriately to improve business resilience.
On August 6, TMICY announced its <a href="https://www.trendmicro.com/en_sg/about/newsroom/press-releases/2024/2024-08-06.html">partnership with GMI Cloud</a>, a leading AI-native GPU cloud provider known for its vertically integrated platform optimized for Artificial Intelligence (AI) and Machine Learning (ML) workloads. The collaboration aims to bolster TMICY's growth by significantly enhancing its capabilities in secure AI infrastructure.
TMICY's net sales for the six months that ended June 30, 2024, stood at ¥134.53 billion ($913.56 million), up 12.5% over the prior-year quarter. Its operating income increased 34.4% year-over-year to ¥24.44 billion ($165.93 million).
In addition, net income attributable to owners of the parent rose 50.9% from the prior year quarter to ¥17.90 billion ($121.52 million).
Analysts expect TMICY's revenue for the fiscal third quarter (ending September 2024) to increase 9.9% year-over-year to $466.05 million. Its EPS for the same quarter is expected to register a robust growth of 907.1% from the previous year's period, settling at $0.50. Plus, the company has surpassed its consensus revenue estimates in three of four trailing quarters.
TMICY's stock has gained 16.3% over the past nine months and 24.4% over the past month, closing the last trading session at $54.78.
It's no surprise that TMICY has an overall rating of B, equating to a Buy in our POWR Ratings system.
The stock also has a B grade for Stability and Quality. It is ranked #2 out of 23 stocks in the same industry.
Beyond what is stated above, we've also rated TMICY for Growth, Value, Momentum, and Sentiment. Get all TMICY ratings <a href="https://stocknews.com/stock/TMICY/">here</a>.
Stock #1: Darktrace plc (<a href="https://stocknews.com/stock/DRKTY/">DRKTY</a>)
Headquartered in Cambridge, United Kingdom, DRKTY is an autonomous cybersecurity artificial intelligence (AI) company focused on providing AI solutions for enterprises. The company's portfolio includes Network, Cloud, Endpoint, Zero Trust, Email, Software as a Service (SaaS), and Operational Technology (OT) security.
On June 6, DRKTY launched <a href="https://ir.darktrace.com/press-releases/2024/6/6/c7beb76a6dd279ee39997ca5e9645fa1d983bab32429ef6af0417d38d32ba284">Darktrace Managed Detection &amp; Response (MDR)</a>, combining its leading detection and response capabilities across enterprises with the expertise of its global analyst team. The initiative strengthens DRKTY's growth by empowering organizations with AI-driven threat containment and expert alert management.
It would enable DRKTY to expand its market reach and solidify its position as a leader in advanced cybersecurity solutions, driving innovation and client satisfaction in the evolving security landscape.
For the fiscal 2024 first half that ended December 31, 2023, DRKTY's revenues increased 27.4% year-over-year to $330.30 million. Its gross profit grew 26.8% from the year-ago value to $294.88 million.  In addition, the company's adjusted EBITDA rose 87% from the prior year's period to $84.52 million.
Shares of DRKTY have gained 61.8% over the past year and 76.9% over the past six months to close the last trading session at $7.60.
DRKTY's POWR Ratings reflect strong prospects. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
It has an A grade for Quality and a B for Growth and Stability. DRKTY has topped the 23-stock Software – Security industry.
Beyond what we stated above, we also have given DRKTY grades for Value, Momentum, and Sentiment. Get all the DRKTY's ratings <a href="https://stocknews.com/stock/DRKTY/">here</a>.
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:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>
&nbsp;
&nbsp;
&nbsp;
&nbsp;
&nbsp;
&nbsp;
&nbsp;

<hr />
TMICY shares were trading at $54.78 per share on Wednesday afternoon, down $1.27 (-2.27%). Year-to-date, TMICY has gained 2.62%, versus a 15.05% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/tmicy-drkty-tenb-nvda-crwd-3-cloud-security-stocks-benefiting-from-remote-work-trends/>3 Cloud Security Stocks Benefiting from Remote Work Trends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cloud Security Stocks Benefiting from Remote Work Trends

Rapid7: Potential For Growth Acceleration When The Economy Recovers

In a report released today, Brad Reback from Stifel Nicolaus maintained a Buy rating on Tenable Holdings (TENB – Research Report), with a price tar...

Stifel Nicolaus Remains a Buy on Tenable Holdings (TENB)

Tenable Holdings Q2 Tenacity: A Secure Bet On AI And Cloud Growth

Top-rated Tech Growth stocks as AI theme is showing no signs of receding – UBS

The cybersecurity industry is experiencing rapid growth, fueled by organizations' increasing reliance on tech for their operations and rising concerns about cyberattacks. Thus, it could be wise to look into quality cybersecurity stocks, Tenable Holdings (TENB), Fortinet (FTNT), and Check Point Software (CHKP). Keep reading… In today's increasingly interconnected world, strengthening digital defenses is crucial, as evidenced by the rise in cyber threats. Given this backdrop, investors could keep a watchful eye on fundamentally strong software-security stocks, Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>), Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>), and Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>).
In the current digital era, the need to enhance cybersecurity is more critical than ever. The global cybersecurity market is expected to reach <a href="https://www.marketsandmarkets.com/Market-Reports/cyber-security-industry-outlook-217338166.html">$208.80 billion this year</a>, prompting companies to make substantial investments to counter escalating threats. With cyberattacks becoming more frequent and expensive, businesses can no longer afford to cut corners on security.
Software companies continuously innovate and partner with others to keep pace with the ever-changing tactics of cybercriminals while also investing heavily in research and development. These efforts have significantly strengthened the cybersecurity industry. The global cybersecurity market is projected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/cyber-security-market">CAGR of 12.3%</a> by 2030.
Given these encouraging trends, let's look at the fundamentals of the top three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks, beginning with the third choice.
Stock #3: Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>)
TENB offers exposure management solutions for managing cybersecurity risk in IT environments. Its solutions include Tenable Vulnerability Management, Cloud Security, Identity Exposure, Web App Scanning, Lumin Exposure View, Attack Surface Management, Security Center, and more.
On September 18, 2024, TENB announced the availability of Tenable Enclave Security, a solution that supports the needs of customers operating in highly secure environments, such as those that are classified or otherwise air-gapped.
Backed by Tenable Security Center, Tenable Enclave Security protects IT assets and modern workloads with risk assessment and contextual insight so organizations can identify exposures before they cause damage. 
TENB's trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a> of 77.43% is 56.1% higher than the industry average of 49.60%. Its trailing-12-month levered FCF margin of 19.96% is 96.3% higher than the industry average of 10.17%.
For the fiscal 2024 second quarter that ended June 30, 2024, TENB's revenue increased by 13.4% year-over-year to $221.24 million. Its gross profit came in at $172.44 million, showing an increase of 13.8% year-over-year.
Moreover, the company's non-GAAP income from operations was reported to be $42.78 million, a 41.6% increase from the previous year's quarter. In addition, TENB's non-GAAP net income was $38.16 million or $0.31 per share, a 45.3% and 40.9% year-over-year increase.
Street expects TENB's revenue and EPS for the fiscal third quarter ending September 2024 to increase 10.8% and 28.4% year-over-year to $223.21 million and $0.30, respectively. Plus, the company has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of TENB have gained 2.9% over the past three months to close the last trading session at $40.28.
TENB's positive fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
TENB has an A grade for Growth and a B for Sentiment. It is ranked #8 out of 23 stocks in the <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
<a href="https://stocknews.com/stock/TENB/">Click here</a> to access additional TENB ratings (Momentum, Value, Quality, and Stability).
Stock #2: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT offers cybersecurity and networking solutions globally. The company's FortiGate hardware and software licenses provide various security and networking functions. It also offers the FortiSwitch product family, which provides secure switching solutions for connecting customers to their end devices.
On August 27, FTNT announced the addition of sovereign SASE and generative AI capabilities to its robust unified SASE solution. Fortinet Unified SASE provides complete integration between Fortinet's Secure SD-WAN solution and cloud-delivered security service edge (SSE) under a single console for seamless management, visibility, and security. This new update offers customers unparalleled deployment flexibility and simplicity.
On August 6, the company acquired Next DLP, a leader in insider risk and data protection. This acquisition will help FTNT to improve its position in the standalone enterprise data loss prevention (DLP) market and strengthen its leadership in integrated DLP markets within endpoint and SASE in alignment with its business strategy.
FTNT's trailing-12-month gross profit margin of 78.09% is 57.4% higher than the industry average of 49.60%. Likewise, its trailing-12-month EBITDA margin of 28.15% is 179% higher than the industry average of 10.09%.
For the second quarter of 2024, which ended on June 30, FTNT's total revenues increased 10.9% year-over-year to $1.43 billion. Its gross profit rose 16.3% from the year-ago value to $1.16 billion.
Its non-GAAP operating income stood at $503.60 million, up 44.7% year-over-year, while its non-GAAP net income amounted to $439.90 million, representing an increase of 46.4% from the last year. Also, the company's non-GAAP EPS for the quarter increased 50% year-over-year to $0.57.
FTNT forecasts fiscal year 2024 revenue to range from $5.80 billion to $5.90 billion, with billings between $6.40 billion and $6.60 billion. In addition, it anticipates its non-GAAP gross margin to fall between 79% and 80% and non-GAAP net income per share in the range of $2.00 and $2.04.
Street expects FTNT's revenue for the fiscal third quarter (ending September 2024) to increase 10.9% year-over-year to $1.48 billion. Moreover, its EPS estimate of $0.52 for the same period indicates a 26.5% year-over-year growth. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters, which is excellent.
FTNT's stock has surged 11.6% over the past six months to close the last trading session at $75.66.
FTNT's solid prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
FTNT has an A grade for Quality and a B for Sentiment. It is ranked #7 in the same industry.
In addition to the POWR Ratings we've stated above, we also have FTNT ratings for Momentum, Growth, Value, and Stability. Get all FTNT ratings <a href="https://stocknews.com/stock/FTNT/">here</a>.
Stock #1: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
Headquartered in Tel Aviv, Israel, CHKP develops, markets, and supports a range of products and services for IT security globally. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoint information, and IOT solutions.
On July 11, CHKP announced that its board of directors had authorized a $2 billion expansion of the company's ongoing share repurchase program. This expanded buyback, expected to be completed by the fourth quarter of 2024, reflects confidence in the company's financial health and aims to boost shareholder value and investor sentiment.
For the fiscal second quarter that ended June 30, 2024, CHKP's total revenues stood at $627.40 million, up 6.6% year-over-year, while its non-GAAP operating income increased marginally from the year-ago value to $265.10 million. The company's non-GAAP net income and earnings per share increased 3.2% and 8.5% over the prior-year quarter to $246 million and $2.17, respectively.
The consensus revenue estimate of $635.06 million for the fiscal third quarter (ending September 2024) represents a 6.5% increase year-over-year. The consensus EPS estimate of $2.25 for the ongoing quarter indicates an 8.7% improvement year-over-year. The company has an excellent earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
CHKP shares have surged 39.2% over the past year and 25.1% year-to-date to close the last trading session at $191.09.
CHKP's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. 
The stock has an A grade for Quality. Within the same industry, CHKP is ranked #6.
<a href="https://stocknews.com/stock/CHKP/">Click here</a> to access additional ratings of CHKP for Stability, Growth, Sentiment, Value, and Momentum.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
FTNT shares were trading at $76.60 per share on Friday afternoon, up $0.94 (+1.24%). Year-to-date, FTNT has gained 30.87%, versus a 20.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-tenb-3-cybersecurity-stocks-to-watch-as-data-breaches-rise/>3 Cybersecurity Stocks to Watch as Data Breaches Rise</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks to Watch as Data Breaches Rise

DDOG

DELL

DRKTY

ESTC

FROG

FTNT

GTLB

INFA

INTA

ITRN

IVES

MPTI

MRVL

NVDA

PCOR

SMAR

SNOW

TEAM

TMICY

TMUS

TWLO

Press Releases

Tenable Announces Date For Its Second Quarter Earnings Conference Call

Management

Tenable Launches Public Sector Advisory Board and Names Inaugural Members

Tenable Announces Second Quarter 2024 Financial Results

Tenable Unveils Industry Leading Vulnerability Intelligence Data and Response Capabilities to Expose and Close Priority Threats that Drive Up Risk

Tenable Names Cloud Security Expert, Shai Morag, Chief Product Officer

Tenable Recognized as the Top Performer in Cloud Security by CRN 2024 Annual Report Card Award

Tenable to Participate in Upcoming Investor Events

Tenable Enhances Nessus Risk Prioritization to Help Customers Expose and Close Exposures

Tenable Introduces AI Aware: A Groundbreaking Proactive Security Solution for AI and Large Language Models

Tenable Launches Tenable Enclave Security to Meet Demands of Highly Secure Environments

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Tenable Holdings

Tenable Holdings (TENB) Forecast

Tenable Holdings (NASDAQ:TENB) Stock, Quote.Headers.trade-ideas