Zonetail Stock (OTC:ZTLLF), Trade Ideas

Zonetail Inc is a mobile platform and market network. Its mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Its Vision is to build a critical mass of users in the hard-to-reach, high-rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. It is the search engine to optimizes the home. Zonetail is partnered with Yardi, Shiftsuite, and now MRI Software which together account for an estimated 50 million households across North America.

Zonetail Inc

Oppenheimer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPY#NYSE">OPY</a>) reported quarterly earnings of $2.37 per share. This is a 94.26 percent increase over earnings of $1.22 per share from the same period last year. The company reported $353.14 million in sales this quarter. This is a 9.78 percent increase over sales of $321.68 million the same period last year.

Earnings

News

Oppenheimer Hldgs Q1 EPS $2.37 Up From $1.22 YoY, Sales $353.14M Up From $321.68M YoY

WIIM

PEGA

Pegasystems shares are trading higher, rebounding after falling Thursday on Q1 earnings.

Amid U.S. sanctions, Huawei Technologies Co. has managed to incorporate the latest version of its made-in-China processor in its <a href="https://www.benzinga.com/markets/equities/24/04/38308198/apples-falling-iphone-sales-have-another-challenge-to-deal-with-as-huawei-launches-new-phones">new Pura 70 series smartphones</a>.
What Happened: The Pura 70 series, unveiled last week, is powered by the Kirin 9010 processor, a more advanced version of the Kirin 9000s used in the <a href="https://www.benzinga.com/news/23/12/36174203/huawei-mate-60-pro-leads-chinas-charge-in-5g-tech-self-reliance">Mate 60 Pro</a>, according to a teardown analysis by consultancy TechInsights, <a href="https://bloomberg.com/news/articles/2024-04-26/huawei-s-new-phone-sports-latest-version-of-made-in-china-chip">reported</a> Bloomberg.
The Mate 60 Pro, released in August, had already raised eyebrows in Washington due to its 7-nanometer chip, which some officials believed was beyond China&#8217;s capabilities.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Despite this, Huawei has seen a strong resurgence, with the Pura 70 series selling out within two days of its launch.
See Also: <a href="https://www.benzinga.com/news/24/04/38426370/mark-zuckerberg-says-tens-of-millions-users-have-already-tried-meta-ai-and-people-are-asking-us-to-r">Mark Zuckerberg Says &#8216;Tens Of Millions&#8217; Users Have Already Tried Meta AI, And People Are &#8216;Asking Us To Release&#8230;Wherever They Are&#8217;</a>
With the U.S. considering additional sanctions to curb Huawei and China&#8217;s semiconductor ambitions, the release of the Pura 70 series, which has traditionally been known for its camera capabilities, could further challenge Apple Inc.&#8217;s iPhone in the Chinese market.
Why It Matters: The new Pura 70 series is part of Huawei&#8217;s ongoing resurgence in the high-end segment of the Chinese market, which has been <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381758/jim-cramer-weighs-in-after-iphone-sales-reportedly-plummet-19-in-china-in-q1-anothe">affecting Apple&#8217;s iPhone sales</a>.
It's not just Apple that has been impacted by Huawei's resurgence – Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) have also had to adapt their <a href="https://www.benzinga.com/government/24/04/38267102/intel-and-nvidia-reveal-new-products-for-china-adapt-ai-chip-strategies-in-response-to-us-sanctions">AI chip strategies</a> for China in response to U.S. sanctions.
On its part, Intel <a href="https://www.benzinga.com/government/24/03/37630752/intel-and-amd-clash-over-huawei-chip-sales-highlighting-us-sanctions-and-market-dynamics">managed to navigate</a> these sanctions successfully, obtaining a license to supply Huawei with advanced processors for laptops. On the other hand, Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) criticized the move, citing unfairness.
Despite U.S. efforts to curb China&#8217;s technological development, companies like Huawei and Alibaba Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) are <a href="https://www.benzinga.com/government/24/04/38140039/us-embargo-on-nvidia-stings-hard-chinas-ai-development-lags-peers-alibabas-joe-tsai-reveals">continuing to innovate</a> and compete on the global stage.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38453639/another-picasso-like-performance-top-tech-analyst-praises-satya-nadella-says-micros">&#8216;Another Picasso-Like Performance:&#8217; Top Tech Analyst Praises Satya Nadella, Says Microsoft Is Top &#8216;AI Draft Pick&#8217; With 20% Rally In Store</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image Via Shutterstock

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Markets

Tech

BABA

INTC

NVDA

As US Tightens Screws On Nvidia, Intel Chip Exports To China, Huawei's Latest Phone Uses Made-In-China Chipset

ARCB

ArcBest shares are trading lower amid weakness in freight stocks following weak earnings in the sector.

Nuwellis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) ("Nuwellis" or the "Company"), a medical technology company focused on transforming the lives of people with fluid overload, today announced the pricing of a public offering of 11,250,000 shares of its common stock (or pre-funded warrants in lieu thereof) and warrants to purchase up to an aggregate of 16,875,000 shares of its common stock at a combined public offering price $0.24 per share (or pre-funded warrant in lieu thereof) and associated warrant. Each share of common stock (or prefunded warrant in lieu thereof) is being sold together with one warrant to purchase one and a half shares of common stock. The warrants will have an exercise price of $0.40 per share, are exercisable immediately upon issuance, and will expire five years following the date of issuance. &nbsp;
The offering is expected to close on or about April 30, 2024, subject to the satisfaction of customary closing conditions.
Roth Capital Partners is acting as exclusive placement agent for the offering.
The gross proceeds to Nuwellis from the offering, before deducting the placement agent fees and other offering expenses, are expected to be approximately $2.7 million. Nuwellis intends to use the net proceeds from the offering for working capital and for general corporate purposes, including for continued investments in its commercialization efforts.

Offerings

NUWE

Nuwellis Announces Pricing Of $2.7M Public Offering Of 11.25M Shares Of Common Stock And Warrants To Purchase Up To An Aggregate Of 16.875M Shares Of Its Stock At A Combined Public Offering Price $0.24/Share

Barclays analyst Steve Valiquette maintains Teladoc Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) with a Overweight and lowers the price target from $25 to $20.

Price Target

Analyst Ratings

TDOC

Barclays Maintains Overweight on Teladoc Health, Lowers Price Target to $20

Mizuho analyst Brett Linzey maintains Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) with a Neutral and raises the price target from $56 to $95.

Mizuho Maintains Neutral on Vertiv Hldgs, Raises Price Target to $95

Barclays analyst Jared Shaw maintains First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) with a Equal-Weight and raises the price target from $28 to $29.

FIBK

Barclays Maintains Equal-Weight on First Interstate BancSys, Raises Price Target to $29

ODFL

Old Dominion Freight Line shares are trading lower following Wednesday's Q1 revenue miss. The broader freight sector has been under pressure amid weak earnings.

Wedbush analyst Alicia Reese reiterates Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Outperform and maintains $22 price target.

Reiteration

IMAX

Wedbush Reiterates Outperform on Imax, Maintains $22 Price Target

Wrap Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>), a global leader in innovative public safety technologies, is proud to announce a strategic distribution partnership with Kokusai Security Service, a leading provider of security solutions in the Asia-Pacific region. This partnership marks a significant milestone for both companies, as they join forces to bring cutting-edge public safety solutions to law enforcement agencies and security professionals across the region. &nbsp;
Under this agreement, Kokusai Security will serve as a key distributor of Wrap Technologies' flagship products, including the BolaWrap remote restraint device, Wrap Reality VR Training system, and Intrensic Body Worn Cameras and Cloud Services Solutions in designated areas within the region. Leveraging Kokusai Security's extensive network and expertise in the security industry, this partnership is expected to help facilitate the deployment and adoption of Wrap Technologies' innovative solutions throughout the Asia-Pacific market.
"We are thrilled to partner with Kokusai Security to expand the reach of our advanced public safety technologies in the Asia-Pacific region," said Scot Cohen, Chief Executive Officer of Wrap Technologies. "Kokusai Security's commitment to excellence and deep understanding of the security landscape make them the ideal partner to help us address the evolving needs of law enforcement agencies and security professionals.&nbsp;&nbsp; We see a tremendous potential for our entire solutions set within the Asia-Pacific Region and this new partnership should help grow our product offering into an expansive growth region."
The BolaWrap remote restraint device, Wrap Reality VR Training system, and Intrensic Body Worn Cameras and Cloud Services Solutions are designed to enhance operational effectiveness, improve situational awareness, and promote de-escalation tactics in challenging scenarios. By offering a comprehensive suite of solutions, Wrap Technologies and Kokusai Security Services aim to empower security personnel with the tools they need to safely and effectively perform their duties while minimizing the risk of injury to both officers and subjects.
"We are excited to collaborate with Wrap Technologies to bring their innovative public safety solutions to our customers in the Asia-Pacific region," said Ken Yamazaki, President &amp; CEO of Kokusai Security Services. "With the increasing demand for advanced security technologies, we believe that Wrap Technologies' products will play a crucial role in helping law enforcement agencies and security professionals achieve their mission objectives."
The distribution partnership between Wrap Technologies and Kokusai Security Services underscores their shared commitment to advancing public safety through innovation and collaboration. By combining their respective strengths and resources, the two companies are positioned to make a meaningful impact on the security landscape in the Asia-Pacific region and beyond.

WRAP

Wrap Technologies Announces New Distributor Agreement With Kokusai Security In The Asia-Pacific Region

The joint venture company (referred to here as the "JVC") will be known as HapiTravel Holding Pte. Ltd. The JVC will be initially owned as follows: (a) HWHPL will hold 19% of the shares in the JVC; (b) Mr. Chan will hold 11%; and (c) the remaining 70% of the shares in the JVC are to be held by Mr. Chen. By forging strategic alliances, the JVC will aim to expand its market presence, tapping into new geographical regions and niche hospitality segments.

Contracts

HWH International Entered Into Joint Venture To Build Its travel Business In Asia; To Be Known As HapiTravel Holdings

Renowned tech entrepreneur, Peter H. Diamandis, anticipates AI to be a significant driver of earnings growth for Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
What Happened: During CNBC&#8217;s &#8220;Last Call&#8221; on Thursday, Diamandis stated, "This is the real deal," referring to the role of AI in boosting earnings for Alphabet and Microsoft. 
&#8220;There are two kinds of companies by 2030: those fully utilizing AI, and those that are out of business,&#8221; he said.
Diamandis highlighted that in order to succeed in the AI sector, companies would need to look at their resources such as teams, data pool to train AI models, the means to generate revenue from AI and more. He commended Microsoft, Google, Meta, and Elon Musk&#8217;s X.Ai which are &#8220;playing full out&#8221; when it comes to utilizing AI.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"This is the real deal," says serial tech entrepreneur <a href="https://twitter.com/PeterDiamandis?ref_src=twsrc%5Etfw">@PeterDiamandis</a> on AI driving earnings growth for <a href="https://twitter.com/search?q=%24GOOGL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOGL</a> and <a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSFT</a> . "There are going to be two types of companies by 2030: those fully utilizing AI, and those that are out of business." <a href="https://t.co/L6HSmyihxg">pic.twitter.com/L6HSmyihxg</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1783634588457128018?ref_src=twsrc%5Etfw">April 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38402854/dogecoin-killer-shiba-inu-burn-rate-skyrockets-2-212-as-robinhood-wallet-moves-3-trillion-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">‘Dogecoin Killer' Shiba Inu Burn Rate Skyrockets 2,212%, As Robinhood Wallet Moves 3 Trillion SHIB In A Single Transaction</a>
Why It Matters: Alphabet recently reported a 15% YoY increase in Q1 revenue to $80.539 billion, surpassing the consensus estimate of $78.594 billion. The company&#8217;s earnings per share also beat analyst estimates, marking the fifth consecutive quarter of such success. Alphabet&#8217;s AI leadership<a href="https://www.benzinga.com/news/earnings/24/04/38445001/alphabet-q1-earnings-revenue-beat-eps-beat-70b-buyback-first-ever-dividend-ai-leadership-and-more"> played a significant role in</a> these results.
Similarly, Microsoft&#8217;s <a href="https://www.benzinga.com/news/earnings/24/04/38444199/microsoft-q3-earnings-revenue-beat-eps-beat-new-era-of-ai-transformation-and-more">Q3 revenue increased by 17% YoY to $61.9 billion</a>, beating the consensus estimate of $60.804 billion. The tech giant&#8217;s earnings per share also exceeded analyst estimates for the fifth consecutive quarter.
Price Action: On Thursday, Alphabet&#8217;s Class A Common Stock closed at $156.00, with an after-hours price of $174.04. Alphabet&#8217;s Class C Capital Stock closed at $157.95, with an after-hours price of $176.00. Microsoft Corporation&#8217;s Common Stock closed at $399.04, with an after-hours price of $416.25. 
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38441703/billionaire-ron-baron-calls-the-bottom-in-tesla-stock-says-shares-will-go-up-huge-from-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Billionaire Ron Baron Calls The Bottom In Tesla Stock, Says Shares Will &#8216;Go Up Huge&#8217; From Here: &#8216;It&#8217;s Like A Rubber Band&#8217;</a>
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General

GOOG

GOOGL

MSFT

'Real Deal': Amid Microsoft, Google Earnings, Techpreneur Says By 2030 Companies Not 'Fully Utilizing AI' Will Be 'Out Of Business'

Mizuho analyst David Bellinger reiterates Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Neutral and raises the price target from $245 to $250.

TSCO

Mizuho Reiterates Neutral on Tractor Supply, Raises Price Target to $250

Mizuho analyst Uy Ear maintains Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) with a Neutral and lowers the price target from $20 to $18.

SAGE

Mizuho Maintains Neutral on Sage Therapeutics, Lowers Price Target to $18

JP Morgan analyst Bill Peterson maintains Enovix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) with a Overweight and lowers the price target from $18 to $12.

ENVX

JP Morgan Maintains Overweight on Enovix, Lowers Price Target to $12

Wedbush analyst Matt Bryson maintains Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Neutral and lowers the price target from $40 to $32.5.

Wedbush Maintains Neutral on Intel, Lowers Price Target to $32.5

JP Morgan analyst Doug Anmuth maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Overweight and raises the price target from $165 to $200.

JP Morgan Maintains Overweight on Alphabet, Raises Price Target to $200

Mizuho analyst Ben Chaiken maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Buy and raises the price target from $164 to $168.

Mizuho Maintains Buy on Royal Caribbean Gr, Raises Price Target to $168

Wedbush analyst Michael Pachter maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Outperform and lowers the price target from $80 to $75.

ROKU

Wedbush Maintains Outperform on Roku, Lowers Price Target to $75

Zonetail extends private placement of shares

Zonetail announces private placement for up to $1M

Zonetail, Inc. (TSE:ZONE) has released an update. Zonetail Inc. has extended its non-brokered private placement offer, aiming to raise up to $1,000...

Zonetail Inc. Extends Share Placement Offer

Zonetail, Inc. (TSE:ZONE) has released an update. Zonetail Inc. has announced a 30-day extension for its non-brokered private placement, aiming to ...