WiseRadar: March 29, 2023.
Lululemon Athletica Inc. ($LULU)
Lululemon Athletica Inc. (LULU) saw its stock price rise by 4.2% in pre-market trading on Wednesday. This was likely due to the company’s strong fourth quarter results, which saw its total revenue increase by 23% year-over-year. The company also reported strong digital sales growth, up 73% year-over-year. Overall, LULU’s stock is performing well, driven by strong quarterly results.
N-able, Inc. ($NABL)
N-able, Inc. (ticker symbol NABL) is an information technology company that provides IT services and solutions. It is currently trading up 4.22% in pre-market trading. The company is focusing on providing cloud-based services, as well as on-premise and hybrid solutions. It is also expanding its services to the retail and healthcare sectors.
Stratasys Ltd. ($SSYS)
Stratasys Ltd. (SSYS) shares are trading higher premarket today due to news of the company’s merger with MakerBot. The combined entity will be the largest 3D printing company in the world, with the potential to expand its presence in the consumer and professional 3D printing markets. The merger is expected to close in the second quarter of 2021.
Marathon Digital Holdings, Inc. ($MARA)
Marathon Digital Holdings, Inc. (MARA) saw its stock rise significantly in pre-market trading on Wednesday. The company is a digital asset technology company that provides secure and compliant solutions for the digital asset industry. Its stock rose due to positive news of its cryptocurrency mining business and the increased demand for digital assets.
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RPT Realty ($RPT)
RPT Realty is a real estate investment trust (REIT) that is currently trading below its book value. It has a dividend yield of 6.2%, which is higher than the industry average. The company has a strong balance sheet and is well-positioned to benefit from the ongoing economic recovery.
HIVE Blockchain Technologies Ltd. ($HIVE)
Canaccord Genuity recently reiterated its Buy rating on HIVE Blockchain Technologies Ltd. (HIVE). The firm also maintained its price target of $7 per share. Canaccord believes that HIVE is well-positioned to benefit from the growing demand for digital assets. They expect the company to benefit from increased cryptocurrency mining activities.
TPG Inc. ($TPG)
Credit Suisse has maintained a Neutral rating on TPG Inc. (TPG) and lowered its price target to $31.5. The firm believes that the company’s stock price is fairly valued at current levels. TPG’s Q4 results were mixed, with revenue and adjusted EBITDA both coming in below expectations. Credit Suisse expects the company to remain focused on cost control and debt reduction in 2021.
Splunk Inc. ($SPLK)
Splunk Inc. (SPLK) has seen positive investor sentiment, with Business Daily’s SwingTrader buying stock. The company’s innovative data platform, cloud-based offerings, and strong customer base are all contributing to its success. It has also seen increased demand for its products due to the shift to remote work.
Uniti Group Inc. ($UNIT)
Uniti Group Inc. (UNIT) hit a 52-week low on Friday, dropping to $6.60 per share. The company is a real estate investment trust focused on communications infrastructure, and has been affected by the economic downturn caused by the COVID-19 pandemic. It has seen a decrease in revenue and an increase in debt.
Opendoor Technologies Inc. ($OPEN)
Title Resources Group has announced an ownership stake in Opendoor Technologies Inc., a technology-enabled real estate platform. Financial terms of the deal were not disclosed. Opendoor is focused on simplifying the home buying and selling process, making it easier and more efficient for customers.