Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.
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ZM PANW NVDA ROST DE
- Wall Street expects Zoom Video Communications, Inc. (NASDAQ:ZM) to post quarterly earnings at $1.05 per share on revenue of $1.11 billion after the closing bell. Zoom Video shares gained 0.3% to $66.50 in after-hours trading.
- Palo Alto Networks, Inc. (NYSE:PANW) reported better-than-expected fourth-quarter earnings and issued strong billings outlook for the year. Palo Alto shares gained 11.2% to $233.21 in the after-hours trading session.
- Shares of Nvidia Corp. (NASDAQ:NVDA) rose in premarket trading on Monday, inspired by positive commentaries regarding its second-quarter earnings from some analysts.
ROST - Ross Stores shares are trading higher after the company reported better-than-expected Q2 financial results and issued guidance.
DE- Deere reported third-quarter net sales and revenue growth of 12% Y/Y to $15.80 billion, beating the consensus of $14.25 billion. EPS of $10.20 surpassed the consensus of $8.20.
Deere raised its FY23 outlook for net income to $9.75 billion-$10.00 billion from $9.25 billion-$9.50 billion.
Deere shares fell 5.3% to close at $397.02 on Friday but added 0.3% in today’s pre-market trading session.
These analysts made changes to their price targets on Performance Food Group following earnings announcement.
- JP Morgan lowered the price target on Deere from $390 to $380. JP Morgan analyst Tami Zakaria maintained a Neutral rating.
- Credit Suisse slashed the price target on Deere from $560 to $551. Credit Suisse analyst Jamie Cook maintained an Outperform rating.
- UBS raised the price target on Deere from $383 to $408. UBS analyst Steven Fisher maintained a Neutral rating.
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Michael O'Connor , Benzinga Newsdesk
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