On Monday, Jefferies initiated coverage on Agilon Health Inc (NYSE:AGL) stock with a Hold rating. The analyst significantly reduced the price target to $6.50 from the previous target of $25.00. \"We share investor skepticism on FY24 guidance but see potential LT upside even if EBITDA falls short of the guide.\" said the analyst. He noted...
By Yoruk Bahceli (Reuters) -World shares stalled just below record highs on Monday as investors awaited inflation data from the United States and euro zone that could further refine interest rate expectations. The data will provide the next test for investors, who have had to rethink their bets on central bank rate cuts in recent...
On Monday, Baird initiated coverage on Amer Sports Inc. (NYSE: AS), assigning an Outperform rating and setting a price target of $20.00. The firm highlighted the company\'s transformation into a focused portfolio of leading authentic performance brands, which are well-positioned to sustain attractive growth. Amer Sports, known for its brands such as Arc\'teryx, Salomon, and...
Blueberry managed to suspend its lending services shortly after suffering an exploit that led to over $1.3 million worth of Ether being drained from the DeFi protocol. In an X post published on February 23, the Blueberry Protocol Foundation announced that it was currently experiencing an “ongoing exploit” and recommended users to withdraw their funds...
Criminals engaging in illicit operations through the use of blockchain technology and metaverse projects will face increased repercussions, China’s highest prosecutor said today. In a press conference hosted by the China’s Supreme People’s Procuratorate on February 23, spokesperson Li Xuehui highlighted a surge in cybercrime occurring within blockchains and the metaverse. Chinese Prosecutors Highlight Increasing...
Avalanche, a layer-1 network, has encountered a block production failure lasting nearly two hours, as reported on its status page. The interruption, which affected the primary network, was observed through the Avascan browser, with the last transaction recorded at block 42046853 (19:13 UTC+8). The Avalanche status page issued a statement indicating a “Block Finalization Stall,” with...
EOG Resources, Inc. (NYSE:EOG), a leading oil and gas exploration and production company, has reported a strong fourth quarter and full-year performance for 2023. The company has surpassed its volume targets, achieving a production milestone of over 1 million barrels of oil equivalent per day. EOG\'s adjusted net income reached $6.8 billion, and it generated...
Video conferencing platform Zoom (NASDAQ:ZM) will be reporting earnings tomorrow after the bell. Here\'s what to look for. Last quarter Zoom reported revenues of $1.14 billion, up 3.2% year on year, beating analyst revenue expectations by 1.6%. It was a mixed quarter for the company, with decelerating growth in large customers. On the other hand,...
Online auto marketplace CarGurus (NASDAQ:CARG) will be announcing earnings results tomorrow after the bell. Here\'s what investors should know. Last quarter CarGurus reported revenues of $219.4 million, down 48.5% year on year, beating analyst revenue expectations by 1.6%. It was a weak quarter for the company, with slow revenue growth and underwhelming revenue guidance for...
Online payroll and human resource software provider Asure (NASDAQ:ASUR) will be reporting earnings tomorrow after market hours. Here\'s what to look for. Last quarter Asure reported revenues of $29.33 million, up 33.9% year on year, beating analyst revenue expectations by 11.1%. It was a mixed quarter for the company, with an impressive beat of analysts\'...