OneConnect Financial Tech Stock (NYSE: OCFT)

Dernières nouvelles pour OneConnect Financial Tech (NYSE:OCFT) Stock

OneConnect Financial Tech

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.

OneConnect Financial Technology Co., Ltd. American Depositary Shares, each representing thirty ordinary shares

OneConnect Financial Technology Co Ltd

"We&#8217;re heading into an election cycle where both major party tickets are in favor of legalization, as well as smaller reforms," said David Mangone, vice president at The Liaison Group, during Tuesday&#8217;s <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> in Chicago, Illinois, addressing a crowded room. 
The panel, devoted to the issue of congressional roles in advancing cannabis reform, included former Rep. Ed Perlmutter, known as the father of <a href="https://www.benzinga.com/topic/safe-banking-act">SAFER Banking Act</a>, and was moderated by Saphira Galoob, executive director of the National Cannabis Roundtable.
Mangone highlighted that plenty of progress had been made over the last year. "We have had a Congressional Budget Office score on the Banking Bill and the Government Accountability Office reaching out to stakeholders in the industry and service providers," he said. More importantly, there have been "some pretty significant endorsements and language in favor of state banking from both presidential candidates."
According to Mangone, there is bipartisan support for cannabis reform, including endorsements from both major presidential candidates, making it difficult for opponents to vote against the bill based on policy. He quoted one Republican senator who said that SAFE Banking "is just good governance."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41233018/exclusive-ross-gerber-sees-tsunami-of-money-pouring-into-cannabis-companies-upon-federal-legaliz" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Ross Gerber Sees ‘Tsunami Of Money' Pouring Into Cannabis Companies Upon Federal Legalization, Says Cannabis Is One Of ‘Biggest' Opportunities Beyond AI</a>
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<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
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<h2 class="wp-block-heading">Lame Duck Holds Opportunities</h2>
Perlmutter predicted that the 2024 elections would result in a Democratic White House, a Republican Senate, and a Democratic House. In the case of this "split government," some things would actually get done in the lame duck that might not happen if one party sweeps all three institutions. According to him, Senate Majority Leader Chuck Schumer will really push to get SAFE Banking Act passed in the Senate, where it's been stuck for the last five years.
Perlmutter also believes that there's going to be a little more reluctance in the House, and some deal making done that is probably going to involve crypto. However, he can "see the Biden White House particularly wanting to just finish this subject, signing this thing."
If either party sweeps everything, he believes that the bill would be pushed until the next session. That's because one party would be more inclined to promote justice and equity, for example, while the other might focus on lending and securities transactions.
"So what I want you all to do, because this is a democracy, where we each get to say how we want our government to look come the next year. So you&#8217;ve got a lot of responsibility here in this conference to shape what this lame duck is going to look like," Perlmutter said.
<h2 class="wp-block-heading">Rescheduling Update: Looking Bright</h2>
Mangone provided a <a href="https://www.benzinga.com/markets/cannabis/24/09/40938172/no-turning-back-now-cannabis-rescheduling-gains-momentum-expert-offers-timeline">rescheduling update</a>, highlighting that the rule received more than 43,000 public comments. There's a hearing before an administrative law judge in December, and while it's still unknown who's participating, former Deputy Attorney General James Cole, the Iraq Afghanistan Veterans Association, many researchers and scientists in the space have made decent arguments.
"My view that having a hearing and having an open forum that&#8217;s bolstered by a very thorough 252-page recommendation from a federal agency of Health and Human Services, bolstered by 43,000 public comments and bolstered by the longstanding research that has both been included in that analysis and has been submitted since that period has closed. I think it&#8217;s a really strong case that&#8217;s going to be made for scheduling to move forward with appropriate science backing it," Mangone said.
Galoob followed up on Perlmutter's call to participation, calling attendees to continue advocating for SAFE Banking and cannabis reform through direct contact with lawmakers. She called everyone to use "pound 250," an action initiative that allows participants to directly connect with their senators through a simple phone call, and praised Benzinga for supporting this campaign.
Read Next: 
<ul>
<li><a href="EXCLUSIVE: Tax Changes Could Unlock 'Hundreds Of Millions In Cash Flow' For Cannabis Sector, Experts Predict">EXCLUSIVE: Tax Changes Could Unlock &#8216;Hundreds Of Millions In Cash Flow&#8217; For Cannabis Sector, Experts Predict</a></li>
</ul>
Former Rep. Ed Perlmutter, speaks at the Benzinga Cannabis Capital Conference on Tuesday. Photo by Wendy Davis.

Cannabis

News

Events

Exclusives

EXCLUSIVE: Former Congressman Ed Perlmutter Predicts 2024 Election Results And Their Impact On Cannabis Reform

Tang Capital Management Discloses 9.9% Active Stake In Kezar Life Sciences With 7.2M Shares Acquired For $5.6M

Guidance

PFGC

Performance Food Group Completes Acquisition Of Cheney Bros; Says FY25 Outlook Now Includes Expected Business Results For Cheney Brothers Beginning October 8

The Board of Trustees of KKR Income Opportunities Fund ("KIO") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIO#NYSE">KIO</a>) and the Board of Trustees of Insight Select Income Fund ("INSI") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INSI#NYSE">INSI</a>) today announced the signing of a definitive agreement under which KIO will acquire the assets of INSI.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20241008384217/en/">https://www.businesswire.com/news/home/20241008384217/en/</a>
Following the close of the transaction, INSI will no longer have its shares listed on any public market. KIO will remain focused on investing in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments and will continue to trade on the New York Stock Exchange under its current ticker symbol.

INSI

KKR Income Opportunities Fund To Acquire Assets Of Insight Select Income Fund; Under The Terms Of The Agreement, Shareholders Of Insi Will Receive Shares Of Kio And May Elect To Receive Up To 5% Of The Consideration In Cash.

Management

Worthington Enterprises Appoints Joseph Hayek As CEO And President

Financing

Kite Realty Group Recasts $1.1B Unsecured Revolving Credit Facility And Amends $250M Term Loan Facility

LASE

Laser Photonics Corp Requests That Their Press Release Issued October 1, 2024 Titled "laser Photonics To Supply Cleantech Laser Cleaning Technology To Hemlock Semiconductor" Be Killed; The Release Was Issued In Error By Laser Photonics Corporation. A Replacement Release Will Not Be Issued.

AMERISAFE, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amsf#NASDAQ">AMSF</a>) is currently considered expensive on a relative basis, with the stock trading at a 22X forward 12-month price-to-earnings (P/E) ratio, which is at a premium compared with its five-year median of 20.21X and the Zacks&nbsp;Insurance - Accident and Health average of 13.36X. A premium valuation generally indicates that the market has strong confidence in the company&#39;s prospects. However, this necessitates scrutiny to determine if this higher price is warranted.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a5/80818.jpg?v=1155545738" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
In comparison, other insurers like&nbsp;Employers Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eig#NYSE">EIG</a>) and&nbsp;ProAssurance Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pra#NYSE">PRA</a>) are cheaper at 13.30X and 19.72X, respectively.
A brief analysis is needed to determine whether AMSF&#39;s premium valuation is justified based on its growth prospects and fundamentals.
Let&#39;s delve deeper.
Incorporated in 1985 and headquartered in DeRidder, LA, AMERISAFE currently has a market cap of $909.9 million. It is well positioned for growth, leveraging rising investment income and a robust balance sheet.
AMSF&#39;s extensive experience in hazardous industries and a high policy retention rate are major positives. Its cost-saving initiatives are expected to support its bottom line. Last year, it lowered loss and loss adjustment expenses by 2.7%.
The long time lag between receiving premiums and settling claims allows the company to invest funds for extended periods, compounding returns more effectively than insurers with quicker claim payouts, thereby boosting its investment income potential. Last year, it recorded a net investment income of $31.3 million, which advanced by 15.1%, resulting from increased fixed-income reinvestment rates. The first half of 2024 also witnessed higher reinvestment rates.
AMSF&#39;s solid balance sheet, with no debt and $884.2 million in investments and cash as of June 30, 2024, supports initiatives to boost shareholder value. The company raised its quarterly dividend by 8.8% in February 2024, continuing its steady dividend payments since 2013. In the second quarter, AMERISAFE repurchased $4.1 million worth of shares, with $6.3 million remaining in its buyback program as of June 30.
<h2>Should Investors Pay the Premium for AMSF?</h2>
The factors mentioned above have contributed to AMERISAFE&#39;s premium valuation, reflecting strong investor confidence in its future growth and profitability. As a result, investors are willing to pay a higher price for the stock, anticipating that it will outperform both its industry peers and the broader market in the coming months.
However, uncertainty surrounds the stock due to AMERISAFE&#39;s continuous decline in net premiums earned over the past five years. If this trend persists, it could potentially impede the company&#39;s ability to enhance its profits. The Zacks Consensus Estimate for 2024 earnings is pegged at $2.40 per share, indicating a 17.5% year-over-year decline. The same for 2025 signals a further 12.5% fall.
Also, AMERISAFE has faced a downward trend in free cash flow from 2018 to 2022, indicating potential operational challenges. While it saw a 12.2% increase in 2023, the sustainability of this growth is uncertain. In the trailing 12 months, free cash flow dropped sharply by 56.7%, raising concerns about the company&#39;s long-term financial health.
Despite these headwinds, the company&#39;s overall outlook remains positive. Leading brokers have raised AMSF&#39;s short-term price target by 12.47% from its recent closing price of $47.72, with the highest target set at $65, representing a potential upside of 36.21%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/06/80819.jpg?v=1182891382" style="border-style:solid; border-width:1px; height:315px; width:600px" />
Image Source: Zacks Investment Research
Existing investors should hold onto AMERISAFE stock to capitalize on its upward price movement. However, new investors might want to wait for a better entry point. Currently, the stock has a Zacks Rank #3 (Hold) and appears overvalued, suggesting that it may not be the ideal time to buy. Waiting for a more attractive valuation could present a better opportunity to invest.
<a href="https://www.zacks.com/stock/news/2347764/is-amerisafe-stock-a-pricey-pick-or-a-hidden-gem-for-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2347764">To read this article on Zacks.com click here.</a>

Earnings

Dividends

Price Target

Buybacks

Small Cap

Markets

Analyst Ratings

Trading Ideas

Insurance

AMSF

Is AMERISAFE Stock a Pricey Pick or a Hidden Gem for Your Portfolio?

In the current session, the stock is trading at $161.40, after a 0.09% spike. Over the past month, Booz Allen Hamilton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) stock increased by 6.29%, and in the past year, by 27.44%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1728418508_0.png" alt="Past Year Chart" />

<h3>How Does Booz Allen Hamilton P/E Compare to Other Companies?</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Booz Allen Hamilton has a lower P/E than the aggregate P/E of 46.25 of the Professional Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728418508_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Booz Allen Hamilton

VXRT

Vaxart Provided Notice To Sales Agents To Terminate Sales Agreement, Effective Oct 18; Will Not Incur Any Termination Penalties As Result Of Termination

Getting income from stock investments is why many invest in certain companies. It can provide a stable cash stream while offering the benefit of potential appreciation in stock price. However, companies must balance how much they pay their shareholders through dividends and how much they retain to reinvest back in their business.
If a company has valuable projects to pursue but lacks cash, its high dividends could hurt shareholders in the long run. One way to measure a company&#39;s ability to reinvest is to look at the dividend payout ratio (DPR). This ratio shows the percentage of the company&#39;s earnings it pays out as dividends.
If the dividend payout ratio is too high, the company might not have the cash it needs to invest in potentially high-return projects in the future. This could include making large capital expenditures (CAPEX) or strategically acquiring another firm.
The inability to do this could negatively affect the stock price over time or prevent it from rising as much as it otherwise could. Below, I&#39;ll review three U.S. stocks with dividend yields over 5% and dividend payout ratios that allow for solid reinvestment back into their business. For this analysis, I&#39;ll use these companies&#39; next twelve-month (NTM) dividend yield, which is an average of analyst projections for the company&#39;s dividend yield.
<h2>Ford Motor: Lots of Dividend Income and Lots Left Over</h2>
First up is Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>). Ford&#39;s NTM dividend yield of 5.6% is relatively high, and its dividend payout ratio over the last twelve months is low. It sits at just 13.8%, meaning that the company is retaining over 86% of its earnings to reinvest back into the firm. Based on the company&#39;s net income over the last twelve months, it has been over $3.3 billion, and the company has to put it toward different uses.
This gives Ford the flexibility to invest in projects, initiate a share buyback program, or increase dividends. This is crucial, as the automotive industry is capital-intensive, requiring significant investments in plants, property, and equipment to stay competitive. With the global shift toward electric vehicles, maintaining financial flexibility will help Ford remain nimble, allowing the company to adapt to market changes and meet evolving customer preferences. This ability to invest strategically is key to Ford&#39;s long-term success in the rapidly changing automotive landscape.
<h2>AT&amp;T: 5% Dividend While Investing Big in Fiber Optics</h2>
AT&amp;T (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) is a telecom company that provides big-time income to its shareholders while not overextending its commitments. Its 5.1% NTM dividend yield offers a solid base of return. Its dividend payout ratio is 64%. It&#39;s a bit higher than I would like to see, but it&#39;s below 75%, where concerns about sustainability may arise. Again, its industry is key to why the company must retain earnings to compete effectively. AT&amp;T is investing heavily in fiber optics to connect more homes and businesses to the Internet.
Building fiber optic networks requires digging trenches on land or underwater or building above-ground cable systems. These cables physically connect buildings to centralized data centers, allowing for faster internet speeds. Thus, these investments require significant CAPEX from AT&amp;T. The company is doing just that, having spent $17.4 billion in CAPEX over the last twelve months. Fiber optics investments are vital to the firm&#39;s strategic plan to compete with large telecom firms.
<h2>Ares Capital&#39;s Dividend Strategy Balances Payouts and Growth Potential</h2>
Last on the list is Ares Capital (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arcc#NASDAQ">ARCC</a>). Ares is a business development company (BDC). BDCs invest in private companies using both debt and equity. Because of this, investing in Ares is an indirect way to gain some exposure to private debt and private equity, making Ares an interesting stock. On top of this, Ares also provides its shareholders a massive dividend yield.
Analysts project the number to sit at just under 9.3% over the next twelve months. In addition, its dividend payout ratio is 63%. Again, maybe a bit on the high side, but Ares is not in an industry that requires much in the way of capital expenditures.
However, retaining more of its net income does allow the company more &quot;dry powder&quot; to invest with. This means that if it sees an opportunity that could bring in particularly high returns but requires a large upfront investment, it could be more capable of executing the deal.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/maximize-your-returns-3-dividend-stocks-with-yields-over-5/">Maximize Your Returns: 3 Dividend Stocks With Yields Over 5%</a>&quot; first appeared on MarketBeat.

Large Cap

Offerings

ARCC

Maximize Your Returns: 3 Dividend Stocks With Yields Over 5%

DA Davidson analyst Peter Heckmann maintains Euronet Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEFT#NASDAQ">EEFT</a>) with a Buy and maintains $136 price target.

EEFT

DA Davidson Maintains Buy on Euronet Worldwide, Maintains $136 Price Target

DA Davidson analyst Brent Thielman maintains Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) with a Neutral and raises the price target from $65 to $75.

APOG

DA Davidson Maintains Neutral on Apogee Enterprises, Raises Price Target to $75

WIIM

CRDL

Cardiol Therapeutics shares are trading lower after the company announced a preliminary prospectus for a proposed public offering of common stock, size or amount not disclosed.

The new platform fundamentally changes how the company builds products and will provide expanded commerce capabilities like Pre-Auth and Bar Tabs to sellers of all sizes across verticals in the U.S.

Square Reports General Availability Of New Orders Platform

SANA

Sana Biotechnology Announces Susan Wyrick Appointed Interim CFO Of Co

Crocs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crox#NASDAQ">CROX</a>) stock seems in a good spot since the past year, with shares rising more than 60%, comfortably outperforming the broader Consumer Discretionary sector&#39;s return of 18.5% and the Zacks Textile - Apparel industry&#39;s growth of 4.8% in the same period. CROX&#39;s shares have also surpassed the S&amp;P 500 index&#39;s appreciation of 34.3% in a year.
Currently priced at $136.54, CROX stock is trading at 17.4% to its 52-week high of $165.32, reached on June 20, 2024. However, it is trading at an 84.5% premium to its 52-week low mark.
<h2>CROX&#39;s Strategies Aid the Rally</h2>
The company has been gaining from solid consumer demand across its Crocs and HEYDUDE brands, backed by effective pricing actions. Strength in clogs, sandals and personalization is acting as a tailwind. CROX has built various successful franchises, focused on expanding new usage occasions to boost new and repeat purchases. The sandal category further strengthened as consumers gave positive feedback to its innovation.
Management continues to view personalization as a mega consumer trend, with the opportunity of expanding the Jibbitz penetration in 2024 via higher penetration within digital and wholesale channels, continuous product freshness innovation and advancement in market capabilities. The company has been evolving its partnership model to boost engagement and consumer love.
<h2>CROX&#39;s Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c6/80801.jpg?v=1226149498" />
Image Source: Zacks Investment Research
Crocs aims at solidifying the business in North America and developing Wendy and Wally as iconic franchises. The company brought new HEYDUDE partnerships to the market, which include Corona, a four-piece collection with the iconic beverage band, featuring Wally, Wendy and Hudson Styles. Its Lee partnership, Denim and Dudes, highlighted the first HEYDUDE collaboration with international reach.
Crocs is on track with its long-term strategy and key initiatives to deliver sustainable growth. Its growth strategy is focused on three key initiatives. The first key initiative is igniting icons to enhance brand awareness and relevance. The second is investing strategically in Tier 1 markets to drive market share gains via talent, marketing, digital and retail. The third initiative is diversifying the product range to attract new consumers.
<h2>Earnings Estimate Revisions Favor Crocs</h2>
The aforesaid catalysts have prompted analysts to remain optimistic about CROX. The Zacks Consensus Estimate for 2024 and 2025 earnings has been northbound. In the past 30 days, the consensus estimate for earnings per share has been revised 0.3% to $12.88 for 2024 and 0.2% to $14.00 for 2025.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c6/80815.jpg?v=687041234" />
Image Source: Zacks Investment Research
<h2>Unlocking CROX Stock&#39;s Valuation</h2>
Crocs stock is trading at an attractive valuation relative to the industry. Going by the price/earnings ratio, CROX&nbsp; is currently trading at 9.91 on a forward 12-month basis, lower than 12.68 of the industry. Also, the stock is trading lower than the S&amp;P 500 index&#39;s 21.69.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c6/80814.jpg?v=1442318185" />
Image Source: Zacks Investment Research
<h2>Final Words on CROX</h2>
CROX stock is performing well on the bourses given its solid strategic efforts including strength in its brands. Solid upward revisions in earnings estimates and attractive valuation for the stock seem encouraging as well.
To wrap up, Crocs seems to be an attractive investment bet given all the aforementioned positives. The company currently sports a Zacks Rank #1 (Strong Buy).
<h2>Other Solid Picks</h2>
We have highlighted three other top-ranked stocks, namely, G-III Apparel Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/giii#NASDAQ">GIII</a>), Royal Caribbean (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) and lululemon athletica (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lulu#NASDAQ">LULU</a>).
G-III Apparel is a manufacturer, designer and distributor of apparel and accessories under licensed brands, owned brands and private label brands. It sports a Zacks Rank of 1 at present.
GIII Apparel has a trailing four-quarter earnings surprise of 118.2%, on average. The Zacks Consensus Estimate for GIII Apparel&#39;s current financial-year sales indicates growth of 3.3% from the year-ago figure.
Royal Caribbean carries a Zacks Rank #2 (Buy) at present. RCL has a trailing four-quarter earnings surprise of 18.5%, on average.
The Zacks Consensus Estimate for RCL&#39;s 2024 sales and EPS indicates an increase of 18.2% and 70.9%, respectively, from the year-ago levels.
lululemon athletica is a yoga-inspired athletic apparel company. LULU carries a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for lululemon athletica&#39;s current financial-year sales and EPS indicates growth of 9.2% and 9.8%, respectively, from the year-ago corresponding figures. LULU has a trailing four-quarter earnings surprise of 7.9%, on average.
<a href="https://www.zacks.com/stock/news/2347760/crocs-gains-on-brand-strength-other-efforts-apt-to-stay-invested?cid=CS-BENZ-FT-analyst_blog|rank_focused-2347760">To read this article on Zacks.com click here.</a>

Mid Cap

CROX

GIII

LULU

Crocs Gains on Brand Strength & Other Efforts: Apt to Stay Invested?

Shipping in pre-production quantities, Scorpio Smart Fabric Switches deliver maximum system utilization and uptime for scale-out PCIe 6 connectivity and scale-up GPU clustering in AI servers
Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced a new portfolio of fabric switches, including the industry's first PCIe&#xAE; 6 switch, built from the ground up for demanding AI workloads in accelerated computing platforms deployed at cloud-scale. The Scorpio Smart Fabric Switch portfolio is optimized for AI dataflows to deliver maximum predictable performance per watt, high reliability, easy cloud-scale deployment, reduced time-to-market, and lower total cost of ownership.

ALAB

Astera Labs Introduces New Portfolio Of Fabric Switches Purpose-Built For AI Infrastructure At Cloud-Scale

DA Davidson analyst Michael Baker maintains Superior Gr of Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGC#NASDAQ">SGC</a>) with a Buy and maintains $24 price target.

DA Davidson Maintains Buy on Superior Gr of Cos, Maintains $24 Price Target

ImmuCell Corporation (Nasdaq:&nbsp;ICCC) ("ImmuCell" or the "Company"), a growing animal health company that develops, manufactures and markets scientifically proven and practical products that improve the health and productivity of dairy and beef cattle, today&nbsp;announced preliminary, unaudited sales results for the third quarter of 2024, which ended September 30, 2024.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="6">Preliminary, Unaudited Total Sales Results: &nbsp;</td>
</tr>
<tr>
<td>2024</td>
<td>2023</td>
<td colspan="2">$ Increase</td>
<td colspan="1">% Increase</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>During the Three-Month Periods Ended September 30,</td>
<td>$6.0 million</td>
<td>$5.4 million</td>
<td colspan="2">$615,000</td>
<td>11%</td>
</tr>
<tr>
<td>During the Nine-Month Periods Ended September 30,</td>
<td>$18.7 million</td>
<td>$12.4 million</td>
<td colspan="2">$6.4 million</td>
<td>51%</td>
</tr>
<tr>
<td>During the Twelve-Month Periods Ended September 30,</td>
<td>$23.8 million</td>
<td>$16.3 million</td>
<td colspan="2">$7.6 million</td>
<td>46%</td>
</tr>
</tbody>
</table>
</figure>
 During the three-, nine- and twelve-month periods ended September 30, 2024, annualized production output was approximately 73%, 81% and 77%, respectively, of the Company's estimated full capacity of approximately $30 million per year.
As of September 30, 2024, the backlog of orders aggregated approximately $7.3 million. The Company believes that the current backlog reflects strong demand as distributors work to replenish their buffer stocks and as end-users place orders in advance of the first quarter calving season.
Since the first quarter of 2020, the Company has been providing a preliminary look at its unaudited top line results soon after the close of the quarter. The Company expects to continue providing this prompt, preliminary report on product sales until further notice going forward.

ICCC

ImmuCell Announces Preliminary Q3 Revenue Of $6M Up From $5.4M YoY

OneConnect Financial Technology Co., Ltd. 2024 Q1 - Results - Earnings Call Presentation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
OneConnect Financial Tech (NYSE:<a href="https://investorplace.com/stock-quotes/ocft-stock-quote/">OCFT</a>) just reported results for the first quarter of 2024.<ul><li>OneConnect Financial Tech reported earnings per share of -20.6 cents.</li><li>The company reported revenue of $100.83 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/ocft-stock-earnings-oneconnect-financial-tech-for-q1-of-2024/">OCFT Stock Earnings: OneConnect Financial Tech Reported Results for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

OCFT Stock Earnings: OneConnect Financial Tech Reported Results for Q1 2024

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OneConnect Financial Technology Co., Ltd. (OCFT) Q2 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
OneConnect Financial Tech (NYSE:<a href="https://investorplace.com/stock-quotes/ocft-stock-quote/">OCFT</a>) just reported results for the second quarter of 2024.<ul><li>OneConnect Financial Tech reported earnings per share of -6.4 cents.</li><li>The company reported revenue of $95.64 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/ocft-stock-earnings-oneconnect-financial-tech-for-q2-of-2024/">OCFT Stock Earnings: OneConnect Financial Tech Reported Results for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

OCFT Stock Earnings: OneConnect Financial Tech Reported Results for Q2 2024

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Press Releases

OneConnect Announces Third Quarter and Nine Months Ended September 30, 2023 Unaudited Financial Results

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OneConnect Announces Fourth Quarter and Full Year Unaudited Financial Results

OneConnect Files Annual Report on Form 20-F

OneConnect to Announce First Quarter 2024 Financial Results

OneConnect Announces First Quarter 2024 Unaudited Financial Results

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OneConnect to Announce Second Quarter 2024 Financial Results

OneConnect Announces Second Quarter and First Half 2024 Unaudited Financial Results

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