Dernières nouvelles pour Yalla Group (NYSE:YALA) Stock

Yalla Group

Yalla Group Ltd is a MENA-based online social networking and gaming company. It operates two flagship mobile applications, Yalla, a voice-centric group chat platform, and Yalla Ludo, a casual gaming application featuring online versions of board games popular in MENA, with in-game voice chat and localized majlis functions.

Yalla Group Limited American Depositary Shares, each representing one Class A Ordinary Share

Yalla Group Ltd

News

Contracts

ESLT

Elbit Systems Awarded Follow-On $127M Contract For Iron Fist APS, Supporting Bradley IFV Upgrades Over 34-Month Period

<ul>
<li>During the month of October, the Company mined 46 Bitcoin ("BTC"), or 1.5 BTC per day, a 24% increase over the Company's September production.</li>
<li>Mining revenue in October 2024 amounted to $3.0 million up 36% from $2.2 million in September 2024. The increase in mining revenue reflects increased uptime as a result of lower power costs compared to September and the stronger hashprice realized during the month of October. As at 31 October 2024, the Company held two BTC equivalent.</li>
</ul>

ARBK

Argo Blockchain Reports Bitcoin Mining Revenue Of $3M For October 2024 Up From $2.2M In September 2024

<ul>
<li>Evotec divests chemical API-focused CDMO operation in Halle/Westphalia (Evotec DS) to Monacum Partners</li>
<li>Transaction aligns with Evotec's strategic optimization efforts, concentrating resources on key growth drivers</li>
<li>New ownership committed to maintaining and growing the business</li>
</ul>

Evotec Divests API Manufacturing Site To Monacum Partners As Part Of Strategic Focus Shift; Terms Not Disclosed

Microsoft co&#8211;founder Bill Gates has shared his insights on the future of workplace efficiency, emphasizing the transformative role of AI agents. In a conversation with Reid Hoffman and Aria Finger during Wednesday&#8217;s episode of &#8220;Possible&#8221; podcast, Gates highlighted that AI will drastically change task execution.
What Happened: Gates elaborated on AI&#8217;s potential to handle complex tasks, particularly in white-collar sectors, surpassing initial expectations. He noted the surprising sequence in which AI has affected job types, with the automation of white-collar tasks preceding that of blue-collar ones. Gates foresees AI robots performing tasks at construction sites and hotels within a decade.
Reflecting on his original vision of a PC on every desk, Gates predicted that AI would extend this concept. He envisions natural language becoming the primary programming language, enabling everyone to have a coding assistant. This shift will allow for more efficient data navigation and business operations without needing custom software.
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See Also: <a href="https://www.benzinga.com/news/24/11/41702294/apple-begins-shifting-iphone-17-production-in-india-cooks-china-optimism-and-more-this-week-in-apple?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Begins Shifting iPhone 17 Production In India, Cook&#8217;s China Optimism, And More: This Week In Applev</a>
Gates also mentioned the potential for AI to streamline software applications, suggesting that many current applications could be consolidated into comprehensive systems. 
&#8220;You know we&#8217;ll all have an agent that is a utilitarian help you get things done&#8230;your agent can figure out okay which parts of that are important enough to to take your time to understand,&#8221; he said.
Why It Matters: The conversation aligns with ongoing discussions about AI&#8217;s impact on the workforce. In a recent podcast, Gates and Sam Altman, CEO of OpenAI, <a href="https://www.benzinga.com/personal-finance/24/05/39084794/will-ai-take-over-our-jobs-bill-gates-asks-if-ai-can-support-blue-collar-jobs-as-it-is-already-d">explored AI&#8217;s role </a>in technological advancement, particularly in the workforce. Studies indicate that 37% of companies have already replaced staff with AI, with 44% predicting AI-driven layoffs in 2024.
Furthermore, Hoffman has predicted the end of the <a href="https://www.benzinga.com/startups/24/08/40473377/linkedin-co-founder-predicts-the-death-of-9-to-5-jobs-by-2034-how-ai-the-gig-economy-will-reshape-th">traditional 9-to-5 job by 2034</a>, attributing this shift to AI and the gig economy. This transformation offers increased productivity and flexibility but raises concerns about stable employment.
Additionally, billionaire Vinod Khosla has predicted that <a href="https://www.benzinga.com/personal-finance/24/10/41196355/ai-will-do-most-jobs-better-faster-cheaper-silicon-valley-billionaire-vinod-khosla-calls-for-uni">AI will replace</a> most human jobs over the next 25 years. He suggests that AI could perform 80% of all jobs, including those of primary care doctors, salespeople, and engineers, more efficiently than humans.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/11/41705075/jeff-bezos-backed-perplexitys-new-ai-election-hub-promises-real-time-vote-counts-and-candidate-summa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Perplexity&#8217;s New AI Election Hub Promises Real-Time Vote Counts And Candidate Summaries</a></li>
</ul>
Disclaimer: 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 Flickr/ World Economic Forum

Tech

General

Microsoft Co-Founder Bill Gates Says Everyone In Future Will Have A 'Utilitarian AI Agent' That Will Help You At Work

Detroit-based automaker General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) said on Monday that it surpassed selling its 300,000th electric vehicle in the U.S. since 2016 in October. 
What Happened: &#8220;We have more great EVs coming soon, like Cadillac's OPTIQ and ESCALADE IQ, ensuring that when you're ready to make the switch to an all-electric vehicle, you won't have to compromise,&#8221; the company said in a statement. &#8220;GM has spent decades advancing EV technology.&#8221;
GM made a battery electric car as far back as late 90s called the EV1 but the program was eventually terminated in 2001. 
Tesla Inc CEO Elon Musk said in June 2023 that if General Motors had made more EV1s, they would have been the leaders in electric vehicles today. "But they didn't, so there was need for Tesla,&#8221; <a href="https://www.benzinga.com/news/23/06/32910764/general-motors-would-have-been-ev-leaders-if-they-made-more-ev1s-says-tesla-ceo-elon-musk">he said</a>.
According to data from automotive research company Kelley Blue Book, Tesla sold 471,374 EVs in the U.S. through the end of the third quarter, exceeding GM&#8217;s EV sales across nearly 8 years.
Why It Matters: In the third quarter, GM became the second best-seller of EVs in the U.S. after Tesla after selling over 32,000 EVs, with the Chevrolet Equinox EV accounting for a majority of the deliveries.
GM had the longest EV lineup in the U.S. among major players including Tesla in the quarter with eight EV models on sale. 
"We are on track to produce and wholesale approximately 200,000 EVs this year and reach variable profit positive in Q4. Our EV momentum is growing," company CFO&nbsp;Paul A Jacobson&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41485013/gm-accelerates-its-ev-ambitions-after-a-strong-q3-in-us-powers-it-past-ford-aims-for-200k-wholes">said </a>during the company&#8217;s third-quarter earnings call last month. 
For the third quarter, GM reported better-than-expected<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41462946/general-motors-strong-q3-earnings-impress-analysts-highlights-turnaround-and-ev-pro" target="_blank" rel="noreferrer noopener"> results</a>.
GM's quarterly adjusted earnings per share of $2.96 beat the street view of $2.43. Quarterly sales of $48.757 billion also beat the analyst consensus estimate of $44.585 billion.
The company also raised 2024 adjusted EPS guidance from $9.50 – $10.50 to $10.00 – $10.50.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/11/41708446/tesla-shares-slide-in-pre-market-as-sales-of-elon-musk-led-companys-made-in-china-evs-drop-in-octobe">Tesla Shares Slide In Pre-Market As Sales Of Elon Musk-Led Company&#8217;s Made-In-China EVs Drop In October</a></li>
</ul>
Photo courtesy: GM

TSLA

GM Crosses 300K EV Deliveries In US Since 2016, But It's Still Over 40% Lower Than Tesla's Sales In The First 9 Months Of 2024

Boeing Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 33,000 International Association of Machinists and Aerospace Workers ratified a groundbreaking four-year contract, achieving a 43.65% compounded wage increase and a $12,000 ratification bonus. 
What Happened:&nbsp;This deal, supported by President Joe Biden and Vice President Kamala Harris&#8216; administration and facilitated by Acting U.S. Secretary of Labor Julie Su, ends a nearly two-month strike across Washington, Oregon, and California.
The contract introduces key benefits, including a 38% wage increase over four years, enhanced retirement contributions, and improved health benefits. 
IAM leaders Jon Holden and Brandon Bryant praised the agreement, calling it a major victory for the middle class and a new standard for aerospace industry workers.
Price Action: Boeing&#8217;s stock closed at $155.07 on Monday, marking a modest gain of 0.31% during regular trading hours. In after-hours trading, the stock saw an additional rise, climbing 0.63%. Year to date, however, Boeing&#8217;s stock has faced a significant decline, down 38.41%, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41734875/palantirs-ai-gamble-pays-off-as-customer-revenue-from-single-customer-jumps-12x-in-under-8-month">Palantir&#8217;s AI Gamble Pays Off As Customer Revenue From Single Customer Jumps 12x In Under 8 Months — Alex Karp Quips: &#8216;We Should Just Go Home&#8217;</a></li>
</ul>
Image via Flickr
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Management

Markets

Boeing Workers End Seven-Week Strike By Accepting New Contract With Major Pay Increases

Capital Southwest estimates that the proceeds from the offering will be approximately $193.6 million (or approximately $222.7 million if the underwriters exercise their option to purchase additional notes in full), after deducting underwriting discounts and commissions and estimated expenses payable by Capital Southwest. Capital Southwest expects to use the net proceeds from the offering to redeem in full its 4.50% Notes due 2026, to repay a portion of the outstanding indebtedness under its senior secured revolving credit facility with ING Capital LLC, and for general corporate purposes.

CSWC

Capital Southwest Prices $200M 5.125% Convertible Notes Due 2029, Convertible At 12% Premium, Closing Expected November 8

Avista Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVA#NYSE">AVA</a>) today signed a nonbinding memorandum of understanding with North Plains Connector LLC, a wholly owned entity of Grid United,&nbsp;in the development of the North Plains Connector, an approximately 420-mile high-voltage direct-current (HVDC) transmission line to be constructed with endpoints near&nbsp;Bismarck, North Dakota&nbsp;and&nbsp;Colstrip, Montana. The parties will now work to finalize definitive agreements regarding Avista's participation, which is expected to involve a 10% ownership share of the project.
Under the terms of the memorandum of understanding, North Plains Connector LLC will continue to fund the development of North Plains Connector. Avista would invest when the project is operational.

Reported Earlier, Avista Enters North Plains Connector Project With PGE And ALLETE In 3,000 MW East-West Transmission Line

Outlook
The Company is lowering its previously provided EPS guidance for the full year. ADM now expects adjusted earnings per share2 in the range of $4.50 to $5.00 for the full year 2024, based on trends in ADM's performance to date, legislative and regulatory policy uncertainties, and ongoing headwinds from slower market demand and internal operational challenges.

Guidance

Reported Earlier, ADM Lowered Its 2024 Adj. EPS Guidance To $4.50-$5.00 (Prior $5.25-$6.25) Vs. $5.23 Est.

Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) announced it will make its open-source Llama artificial intelligence models available to U.S. government agencies working on national security and defense applications, marking a significant expansion of the <a href="https://www.benzinga.com/news/24/11/41734318/mark-zuckerbergs-nuclear-powered-ai-ambitions-at-meta-stung-by-rare-bees">technology&#8217;s authorized use cases</a>.
The social media giant is partnering with major government contractors and technology firms including Amazon.com Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Services, Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) to implement these AI models across various defense initiatives.
&#8220;As an American company, and one that owes its success in no small part to the entrepreneurial spirit and democratic values the United States upholds, Meta wants to play its part to support the safety, security and economic prosperity of America – and of its closest allies too,&#8221; said Nick Clegg, President of Global Affairs at Meta.
Several contractors have already begun implementing Llama in their operations:
<ul>
<li>Oracle is using the technology to improve aircraft maintenance by helping technicians diagnose problems more quickly</li>
<li>Scale AI is fine-tuning the model for national security missions and identifying potential vulnerabilities</li>
<li>Lockheed Martin has integrated Llama into its AI Factory for code generation and data analysis</li>
<li>Amazon Web Services and Microsoft Azure are hosting the models on secure cloud platforms for sensitive government data</li>
</ul>
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41734875/palantirs-ai-gamble-pays-off-as-customer-revenue-from-single-customer-jumps-12x-in-under-8-month">Palantir&#8217;s AI Gamble Pays Off As Customer Revenue From Single Customer Jumps 12x In Under 8 Months — Alex Karp Quips: &#8216;We Should Just Go Home&#8217;</a>
Why It Matters: Meta emphasized that making Llama available for defense applications aligns with U.S. interests in the global AI race, particularly as nations like China invest heavily in <a href="https://www.benzinga.com/top-stories/24/11/41718416/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-october-2024-where-do-tesla-nvidia-apple-d">developing their own open-source models</a>.
The company noted that large language models can support various aspects of national security, including streamlining logistics, tracking terrorist financing, and strengthening cyber defenses.
Beyond military applications, Meta highlighted broader public sector benefits, with Deloitte implementing Llama-based solutions for government agencies and nonprofits to improve public service delivery in areas such as education and energy.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41734887/cathie-woods-latest-shake-up-dumps-palantir-and-jack-dorseys-block-along-with-tesla-buys-amazon-">Cathie Wood&#8217;s Latest Shake-up: Dumps Palantir And Jack Dorsey&#8217;s Block Along With Tesla, Buys Amazon And Meta</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

AMZN

MSFT

ORCL

PLTR

Meta, Amazon, Microsoft Partner On Defense AI Initiative

PolitiFi tokens themed around Donald Trump and Kamala Harris were getting dumped ahead of the Tuesday presidential elections.
What happened: Maga, the largest Trump-inspired coin, dropped 0.5% over the last 24 hours, while Maga Hat crashed over 16% in this period, <a href="https://www.coingecko.com/en/categories/politifi">according </a>to CoinGecko.
Doland Tremp, parodying the former president's name, also tanked over 6%.&nbsp;
Meanwhile, coins mimicking Vice President Kamala Harris weren't spared either, with Kamala Horris, the largest of all Harris-themed tokens in terms of market cap, slipping 9%.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:50 p.m. EDT)</td>
</tr>
<tr>
<td>Maga (TRUMP)</td>
<td>-0.5%</td>
<td>$3.45</td>
</tr>
<tr>
<td>Maga Hat (MAGA)</td>
<td>-16.6%</td>
<td>$0.0001772</td>
</tr>
<tr>
<td>Doland Tremp (TREMP)</td>
<td>-6.4%</td>
<td>$0.2942</td>
</tr>
<tr>
<td>Kamala Horris (KAMA)</td>
<td>-9.6%</td>
<td>$0.0123</td>
</tr>
<tr>
<td>Kumala Herris (MAWA)</td>
<td>-0.6%</td>
<td>$0.003158</td>
</tr>
</tbody>
</table>
</figure>
That said, on a weekly timeframe, KAMA was the clear winner, soaring 58% while most Trump-themed tokens bled heavily.
PolitiFi tokens have been a rage this election year. As the name suggests, these tokens incorporate political themes and campaigns into the cryptocurrency realm.&nbsp;
TRUMP, rooted in Trump's "Make America Great Again" movement, has been the biggest beneficiary, surging an astounding 1171% year-to-date. KAMA, on the other hand, has fallen 62% this year.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41734728/polymarket-whale-dumps-3m-bet-on-trump-after-legendary-trader-advises-caution-recommend-ag">Polymarket Whale Dumps $3M Bet On Trump After Legendary Trader Advises Caution: &#8216;Recommend Against Leverage And Reckless Gambling&#8217;</a>
Why It Matters: These moves come as both presidential candidates gear up for the ultimate fight on Tuesday.
Betting platforms like Polymarket and Kalshi are <a href="https://polymarket.com/">leaning </a>toward a Trump win, though the GOP nominee's odds fell drastically over the weekend.
Election polls, however, painted a tighter race, with a new Emerson College election poll <a href="https://www.benzinga.com/general/politics/24/11/41728436/trump-vs-harris-2024-election-deadlocked-final-emerson-poll-shows-one-candidate-with-small-edge-">showing the two candidates</a> deadlocked at 49%.&nbsp;
A new Morning Consult poll of likely voters showed <a href="https://www.benzinga.com/general/politics/24/11/41733">Harris maintaining a slender two-point lead</a> over Trump.
Photo Courtesy: Shutterstock.com
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41735471/coinbase-ceo-brian-armstrong-criticizes-regulatory-overreach-nothing-to-capture-in-small-g">Coinbase CEO Brian Armstrong Criticizes Regulatory Overreach: &#8216;Nothing To Capture In Small Government&#8217;</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Politics

Trump, Harris-Inspired Cryptos Crack Ahead Of Election Day—Coin Parodying Vice President Still Up Over 50% This Week

On Monday, Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) unveiled its <a href="https://www.benzinga.com/news/earnings/24/11/41730179/palantir-q3-earnings-revenue-beat-eps-beat-customers-up-39-raises-guidance-results-driven-by-unrele">third-quarter financial results</a>, underscoring its distinctive strategy of maximizing AI models, a move that sets it apart in the AI race.
What Happened: During the company earnings call, Palantir&#8217;s chief revenue and legal officer,&nbsp;Ryan Taylor, shed light on the company&#8217;s unique AI strategy.
He pointed out that while most investments are geared towards enhancing AI models, Palantir&#8217;s approach is to maximize these models within the enterprise context.
Taylor stressed that the capability to effectively leverage these models is what distinguishes the &#8220;AI haves&#8221; from the &#8220;AI have-nots.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41678522/jim-cramer-warns-apple-stock-should-have-never-been-up-that-much-after-q3-earnings-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Warns Apple Stock Should Have &#8216;Never Been Up That Much&#8217; After Q3 Earnings Even As This Analyst Defends iPhone 16 Launch</a>
In essence, Palantir positions itself not as a model creator but as an AI application leader, enabling clients to extract real-world value from AI by leveraging rich, context-driven data and a unique infrastructure — an approach he said will become increasingly valuable in this &#8220;winner-takes-all&#8221; AI economy.
Taylor shared examples of how Palantir's strategy has benefited clients, such as a global insurance firm that reduced underwriting response times from over two weeks to just three hours.
Another example included Associated Materials, which increased its on-time delivery rates from 40% to 90%.
Palantir&#8217;s unique AI approach has also significantly influenced its bottom line, he stated. The company sealed 104 deals over $1 million last quarter, and its U.S. Commercial business continues to gain traction in both expansions and new customer acquisitions.
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.
Why It Matters: Palantir&#8217;s third-quarter earnings beat expectations, with total revenue up 30% year-over-year, driven by an&nbsp;&#8216;unrelenting AI demand&#8217;&nbsp;that shows no signs of slowing down.
The company&#8217;s <a href="https://www.benzinga.com/markets/equities/24/11/41734875/palantirs-ai-gamble-pays-off-as-customer-revenue-from-single-customer-jumps-12x-in-under-8-month">unique AI strategy has paid off</a>, with one equipment rental company increasing its annual recurring revenue twelvefold in less than eight months after implementing Palantir's AI platform.
Palantir&#8217;s robust performance has earned it the title of&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41732827/messi-of-ai-wall-street-analyst-gushes-over-robust-earnings-from-palantir">&#8216;The Messi of AI&#8217;</a>&nbsp;from Wedbush analyst Dan Ives.
Despite the skeptics honing in on valuation for the past year, this was a major quarter to prove that PLTR&#8217;s partner ecosystem expansion and AIP bootcamps hit another gear," Ives said following the latest earnings report.
Last month, Palantir also <a href="https://www.benzinga.com/markets/equities/24/10/41141540/palantir-technologies-partners-with-edgescale-ai-to-operationalize-ai-in-manufacturing-and-utili">announced a strategic partnership</a> with Edgescale AI Inc. to launch Live Edge, an innovative integration of Palantir Edge AI and Edgescale AI's distributed infrastructure technology.
Check out more of Benzinga&#8217;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:
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<li><a href="https://www.benzinga.com/news/large-cap/24/11/41703422/google-delivers-new-ai-features-to-maps-google-earth-waze-apps?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Delivers New AI Features To Maps, Google Earth, Waze Apps</a></li>
</ul>
Disclaimer: 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.

'AI Haves Vs. Have-Nots': Palantir's Ryan Taylor Outlines Company's Winning Strategy

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Monday.
U.S. stocks settled lower on Monday, with the Dow Jones index falling more than 250 points as investors braced for the high-stakes presidential election.
On the economic data front, U.S. factory orders declined by 0.5% from the previous month to $584.2 billion in September compared to a revised 0.8% fall in August.
Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) shares gained more than 7% on Monday after the company reported better-than-expected third-quarter EPS and revenue.
Shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) have gained around 182% year-to-date, while Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has lost over half its value this year.
Most sectors on the S&amp;P 500 closed on a negative note, with utilities, communication services, and financials stocks recording the biggest losses on Monday. However, energy and real estate stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 258 points to 41,794.60 on Monday. The S&amp;P 500 fell 0.28% to 5,712.69, while the Nasdaq Composite fell 0.33% to close at 18,179.98 during Monday's session.
Investors are awaiting earnings results from Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) and Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 42.9, the index remained in the &#8220;Fear&#8221; zone on Monday, versus a prior reading of 44.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/11/41713185/top-4-tech-and-telecom-stocks-that-may-collapse-this-month">Top 4 Tech And Telecom Stocks That May Collapse This Month</a></li>
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Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

Trading Ideas

INTC

NVDA

YUMC

Dow Tumbles 250 Points As Investors Brace For High-Stakes Presidential Election: Greed Index Enters 'Fear' Zone

Emerson Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) will release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/news/earnings/24/08/40222134/emerson-electric-posts-strong-q3-sales-growth-updates-2024-outlook">opening bell on Tuesday, Nov. 5.</a>
Analysts expect the Saint Louis, Missouri-based company to report quarterly earnings at $1.47 per share, up from $1.29 per share in the year-ago period. Emerson Electric projects to report revenue of $4.57 billion for the quarter, compared to $4.09 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Aug. 21, Emerson announced it has made a strategic investment through its corporate venture capital arm Emerson Ventures in Symmera.
Emerson Electric shares gained 1.2% to close at $109.81 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TJX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Stephens &amp; Co. analyst Tommy Moll downgraded the stock from Overweight to Equal-Weight and cut the price target from $135 to $120 on Oct. 16. This analyst has an accuracy rate of 80%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/590b5cc4290fa700017b6a59/christopher-glynn">Oppenheimer analyst Christopher Glynn</a> maintained an Outperform rating and increased the price target from $120 to $125 on Sept. 26. This analyst has an accuracy rate of 83%.</li>
<li>Morgan Stanley analyst Chris Snyder initiated coverage on the stock with an Underweight rating and a price target of $105 on Sept. 6. This analyst has an accuracy rate of 74%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587781de5064ed0001730078/stephen-tusa">JP Morgan analyst Stephen Tusa </a>downgraded the stock from Overweight to Neutral and slashed the price target from $132 to $115 on Aug. 14. This analyst has an accuracy rate of 69%.</li>
<li>RBC Capital analyst Deane Dray maintained an Outperform rating and lowered the price target from $140 to $139 on Aug. 8. This analyst has an accuracy rate of 74%.</li>
</ul>
Considering buying EMR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="557" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05005151/image-19-1024x557.png" alt="" class="wp-image-629370" style="width:638px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05005151/image-19-1024x557.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05005151/image-19-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05005151/image-19-768x418.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05005151/image-19.png 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Price Target

Analyst Ratings

Emerson Electric Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) to report quarterly earnings at $1.25 per share on revenue of $21.35 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Archer-Daniels-Midland shares rose 0.8% to $55.75 in after-hours trading.</li>
<li>Analysts expect Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) will post quarterly earnings at $1.41 per share on revenue of $1.9 billion. The company will release earnings before the markets open. Yum! Brands shares fell 0.5% to $132.06 in after-hours trading.</li>
<li>Lattice Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) reported in-line earnings for its third quarter on Monday. The company reported quarterly earnings of 24 cents per share, which met the analyst consensus estimate. Quarterly revenue came in at $127.091 million, compared to the analyst consensus estimate of $127.092 million. Lattice Semiconductor said it sees fourth-quarter revenue in a range of $112 million to $122 million, versus the $132.03 million estimate. Lattice Semiconductor shares tumbled 17.7% to $42.70 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is projected to report quarterly earnings at 75 cents per share on revenue of $6.45 billion. Super Micro Computer shares fell 0.3% to $25.96 in the after-hours trading session.</li>
<li>Analysts expect Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) to report quarterly earnings at $4.80 per share on revenue of $8.29 billion before the opening bell. Cummins shares gained 1% to $329.00 in after-hours trading.</li>
</ul>
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Photo courtesy: Shutterstock

LSCC

SMCI

Archer-Daniels-Midland, Yum! Brands And 3 Stocks To Watch Heading Into Tuesday

<ul>
<li>On the second day of the SK AI Summit 2024, SK Telecom introduced Aster(A&#x2A;), an AI-driven personal assistant designed for global users</li>
<li>Aster is designed as an 'Agentic AI,' which goes beyond answering simple queries by understanding user intentions to set goals and complete tasks</li>
<li>SK Telecom plans to collaborate with global search providers, LLM developers, and third-party applications to enhance Aster's functionalities for North American users</li>
</ul>

Reported Earlier, SK Telecom Reveals 'Aster', A Global AI Personal Agent Tailored For Global Users

David Garofalo, Chairman and CEO of Gold Royalty, commented: "The third quarter of 2024 marked an important inflection point for Gold Royalty. Our outlook continues to grow increasingly positive with the ramp up and construction of several key assets across our portfolio. We achieved record revenues, a stable expense profile, and positive net income through the first nine months of 2024 and have reiterated our full year guidance for expected Total Revenue, Land Agreement Proceeds and Interest&#x2A; of $13 to $14 million in 2024. We continue to be excited about the outlook for 2025 as well, with more cash flowing assets, strong commodity prices, and our stable cost structure expected to translate to growing revenues and cash flows next year."

GROY

Gold Royalty Reaffirms FY24 Guidance, Anticipates Total Revenue, Land Proceeds, And Interest Between $13M - $14M

Gold Royalty Q3 Adj. EPS $0.02 Up From $(0.01) YoY, Sales $2.06M Up From $797K YoY

Will Restate Previously Filed Fiscal Year 2023 Form 10-K and Subsequent Forms 10-Q
Postpones Third Quarter Conference Call
ADM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) ("the Company") today reported preliminary financial results for the quarter ended September 30, 2024.
Preliminary&#x2A; Third Quarter 2024 Highlights
<ul>
<li>Net earnings expected to be reported at $18 million, with adjusted net earnings1 of $530 million
<ul>
<li>See below for impact of non-cash charge against GAAP earnings for the third quarter of $461 million related to our Wilmar equity investment</li>
</ul>
</li>
<li>Earnings per share1 expected to be $0.04, with adjusted earnings per share1, 2 of $1.09, both down versus the prior year period</li>
<li>Trailing four-quarter average return on invested capital (ROIC) of 6.6%, trailing four-quarter average adjusted return on invested capital (ROIC)1 of 8.8%</li>
<li>Restatement of previously filed fiscal year 2023 Form 10-K and subsequent Forms 10-Q not expected to materially impact results on a consolidated basis</li>
</ul>
In regards to cash flows, our year to date cash flows from operating activities are expected to be $2.468 billion, with cash flows from operations before working capital1 of $2.341 billion, as compared to cash flows from operating activities of $1.891 billion and cash flows from operations before working capital1 of $3.804 billion for the corresponding prior-year YTD period.

ADM Preliminary Q3 2024 Results: Expects Adjusted EPS Of $1.09 (Vs. $1.25 Estimate), YTD Operating Cash Flow Expected To Be $2.47B; Postpones Q3 2024 Webcast

Brian Armstrong, CEO of Coinbase, criticized the government&#8217;s overreach and lack of transparency amid the ongoing tussle between the cryptocurrency industry and regulatory bodies.
What Happened: On Monday, Armstrong raised concerns about the &#8220;political capture&#8221; of government agencies, which emboldens them to make decisions on matters beyond their jurisdiction.
&#8220;This is part of the problem with big government &#8211; it tends to get captured politically and start painting outside the bounds of the law,&#8221; Coinbase&#8217;s top executive said. &#8220;If you have small government, there is nothing to capture.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is part of the problem with big government &#8211; it tends to get captured politically and start painting outside the bounds of the law If you have small government, there is nothing to capture. <a href="https://t.co/ceqXP0i1Hy">https://t.co/ceqXP0i1Hy</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1853531880865362163?ref_src=twsrc%5Etfw">November 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The critical remark came in response to Coinbase&#8217;s legal head Paul Grewal&#8217;s claims about the Federal Deposit Insurance Corporation (FDIC) instructing banks to halt or refrain from offering cryptocurrency-banking services.
&#8220;So far we&#8217;ve uncovered more than 20 examples of the FDIC telling banks to "pause" or "refrain from providing" or "not proceed" with offering crypto-banking services. The public deserves transparency, not an agency that's working behind a bureaucratic curtain,&#8221; Grewal wrote in an X post.
The FDIC didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41734728/polymarket-whale-dumps-3m-bet-on-trump-after-legendary-trader-advises-caution-recommend-ag">Polymarket Whale Dumps $3M Bet On Trump After Legendary Trader Advises Caution: &#8216;Recommend Against Leverage And Reckless Gambling&#8217;</a>
Why It Matters: Armstrong&#8217;s comments come in the wake of Coinbase&#8217;s ongoing legal battle with the SEC and the FDIC. The cryptocurrency behemoth <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39526310/coinbase-sues-sec-and-fdic-over-alleged-attempts-to-stifle-crypto-industry">sued these agencies</a> over attempts to hinder the industry&#8217;s access to the banking sector and failing to comply with Freedom of Information Act requests.
Armstrong has previously <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41602107/coinbase-ceo-brian-armstrong-says-next-sec-chair-should-apologize-for-the-damage-done-to-t">criticized the SEC</a> for its inconsistent positions on matters such as whether digital assets qualify as securities and if the SEC has the authority to regulate cryptocurrency exchanges. He said that the SEC&#8217;s approach has caused confusion and undermined trust in regulatory clarity for digital assets.
Coinbase is the largest cryptocurrency exchange in the U.S., allowing trading for coins such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and many more. The platform facilitated trades worth over $2 billion over the last 24 hours, <a href="https://www.coingecko.com/en/exchanges">according </a>to CoinGecko.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41734897/elon-musks-doge-department-mention-gives-dogecoin-boost-to-top-of-daily-gainers-memecoin-s">Elon Musk&#8217;s &#8216;DOGE&#8217; Department Mention Gives Dogecoin Boost To Top Of Daily Gainers: Memecoin Spikes 6%</a></li>
</ul>

$BTC

$ETH

COIN

Coinbase CEO Brian Armstrong Criticizes Regulatory Overreach: 'Nothing To Capture In Small Government'

After solid first-quarter earnings results, all eyes are on Duolingo's (DUOL) second-quarter earnings report. With analysts expecting a triple-digit spike in their earnings, can DUOL match their expectations and deliver strong results? Read on to find out… Popular language app Duolingo, Inc. (<a href="https://stocknews.com/stock/DUOL/">DUOL</a>)'s second-quarter earnings report is on the horizon. In this article, we will evaluate the company's fundamentals to see if it can deliver strong results in its Q2 earnings.
Renowned for its engaging platform and expansive language offerings, Duolingo has shown robust growth in user engagement and premium subscriptions. In the first quarter alone, DUOL's daily active users reached 31.4 million, a significant increase from 20.3 million the previous year. Moreover, the number of paid subscribers has jumped 54% year-over-year to 7.4 million (raising the proportion of paying users from 8% to 8.6%).
Continuing its commitment to innovation, the company introduced AI-driven features in March to enrich the learning experience. The premium subscription tier, <a href="https://investors.duolingo.com/news-releases/news-release-details/duolingo-max-shows-future-ai-education">Duolingo Max</a>, offers users access to powerful AI tools like Roleplay, an AI chatbot for conversational practice, and Explain My Answer, which provides personalized feedback on lesson mistakes.
Moreover, DUOL bolstered its Intelligent Agreement Management (IAM) capabilities by <a href="https://investor.docusign.com/investors/press-releases/press-release-details/2024/Docusign-Completes-Acquisition-of-Lexion-to-Accelerate-Intelligent-Agreement-Management/default.aspx">acquiring Lexion</a>, a leading AI-powered agreement management company, in May. This acquisition enhances DUOL's ability to provide customers with advanced AI-assisted tools, streamlining contract reviews, information retrieval, and process automation.
Street expects DUOL's revenue for the fiscal second quarter (ended June 2024) to increase 39.6% year-over-year to $177.08 million. Its EPS for the to-be-reported quarter is forecasted to register a robust 299.2% year-over-year growth, settling at $0.32. Moreover, Duolingo has consistently exceeded consensus revenue estimates in all of the trailing four quarters, including the first quarter.
For the first quarter, DUOL's earnings per share was $0.57, well above the consensus estimate of $0.26, and its revenue was higher than the analysts' estimates by $1.90 million. With such strong financial performance, expectations are high for another positive earnings outcome in the upcoming report.
Shares of DUOL have gained 12% in the past nine months and 25.3% over the past year to close the last trading session at $187.30. However, the stock has plunged 17.4% year-to-date.
Let's look at factors that could influence DUOL's performance in the upcoming months.
Strong Financial Performance
In the first quarter that ended March 31, 2024, DUOL's net revenues increased 44.8% year-over-year to $167.55 million, with a 53% growth in its subscription revenue of $131.69 million. Its gross profit grew 45.4% from the year-ago value to $122.36 million.
The company's income from operations amounted to $16.44 million compared to a loss of $8.52 million in the previous year. Its adjusted <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> increased by $28.90 million year-over-year to $44.01 million. Moreover, its net income was $26.96 million or $0.57 per share, compared to a net loss of $2.58 million or $0.06 per share in the previous year.
As of March 31, 2024, its cash, cash equivalents, and restricted cash amounted to $832.45 million, reflecting a 29.8% increase from the prior-year period. Also, its free cash flow improved by 176.5% from the prior-year quarter to $79.62 million.
Impressive Historical Growth
Over the past three years, DUOL's revenue has grown at a CAGR of 45.6%. In addition, the company's total assets have grown at a CAGR of 82.1% over the same period, and its levered free cash flow has improved at a 79.9% CAGR.
Rosy Annual Forecasts
The consensus revenue estimate for the current year ending December 2024 is $733.54 million, signaling a 38.1% year-over-year increase. Likewise, the company's EPS is anticipated to witness a robust 380.6% uptick from the previous year, reaching $1.68.
Analysts anticipate a 28.2% increase in revenue for the fiscal year 2025, with projections reaching $696.19 billion. Similarly, EPS for the next year is expected to grow 58.7% from the prior year, settling at $2.67.
Mixed Profitability
DUOL's trailing-12-month gross profit margin of 73.28% is 99.1% higher than the 36.80% industry average. Likewise, its trailing-12-month net income margin of 7.82% is 59.2% higher than the industry average of 4.91%. In addition, the stock's 26.33% trailing-12-month levered FCF margin compares to the 5.46% industry average.
However, the stock's trailing-12-month ROCE and ROTC of 7.15% and 1.10% are 40.3% and 82.5% lower than the respective industry averages of 11.96% and 6.26%. Also, its trailing-12-month EBITDA margin of 3.32% is unfavorably compared to the industry average of 11.26%.
Premium Valuation
In terms of forward non-GAAP P/E, DUOL is trading at 47.68x, 201.9% higher than the industry average of 15.79x. The stock's forward EV/EBITDA of 41.91x is 320.3% higher than the industry average of 9.97x. Also, its forward EV/Sales of 9.96x compares with the 1.22x industry average.
Furthermore, DUOL's forward Price/Sales multiple of 11.01 is significantly higher than the industry average of 0.92. The stock's forward Price/Cash Flow of 37.10x is 276% higher than the industry average of 9.87x.
POWR Ratings Reflect Uncertainty
DUOL's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DUOL has an A grade in Growth, which is in sync with its solid financial performance in the last reported quarter and impressive historical growth.
On the contrary, the stock has a D for Value, consistent with its higher-than-industry valuation. Also, with a 24-month beta of 1.32, the stock has earned a grade of D for Stability.
DUOL is ranked #76 out of 135 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry. <a href="https://stocknews.com/stock/DUOL/">Click here</a> to access DUOL's Momentum, Sentiment, and Quality ratings.
Bottom Line
DUOL's strategic expansion and effective scaling have significantly boosted its revenue and profit margins, driven by a surge in new users converting into paying subscribers. Despite forecasting revenues of $726.5 million to $735.5 million, which only scratches the surface of its potential in a digital language learning market projected to <a href="https://finance.yahoo.com/news/digital-language-learning-market-size-133000956.html">exceed $101.94 billion by 2032</a>, Duolingo stands poised for substantial growth.
Analysts foresee robust triple-digit earnings growth in the upcoming quarterly results and a promising outlook for the year, so Duolingo seems well-positioned to impress investors.
But with DUOL's elevated valuation, mixed profitability metrics, and heightened volatility, potential investors might consider waiting for a more opportune entry point into this high-profile language app stock.
How Does Duolingo, Inc. (DUOL) Stack Up Against Its Peers?
While DUOL has an overall grade of C, equating to a Neutral rating, you may also check out these A (Strong Buy) rated stocks within the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry: Yalla Group Limited (<a href="https://stocknews.com/stock/YALA/">YALA</a>), IBEX Limited (<a href="https://stocknews.com/stock/IBEX/">IBEX</a>), and TeamViewer SE (<a href="https://stocknews.com/stock/TMVWY/">TMVWY</a>). To explore more A and B-rated software application stocks, <a href="https://stocknews.com/category/software-application/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
DUOL shares were trading at $177.58 per share on Wednesday afternoon, down $9.72 (-5.19%). Year-to-date, DUOL has declined -21.72%, versus a 18.10% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/duol-yala-ibex-tmvwy-can-docusign-docu-deliver-strong-results-in-its-q2-earnings/>Can Duolingo (DUOL) Deliver Strong Results in Its Q2 Earnings?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Can Duolingo (DUOL) Deliver Strong Results in Its Q2 Earnings?

Yalla Group's Growth Slows Amid Macroeconomic Headwinds (Downgrade)

As AI chip demand soars, Synopsys (SNPS) is charting a long-term growth path with groundbreaking innovations in AI-driven chip design. However, with its stock experiencing volatility and elevated valuation, is now the right time to invest in SNPS? Read on to find out… Artificial intelligence (AI) is permeating every industry, including semiconductors, due to its ability to expedite processes, enhance decision-making, reduce human error, and handle repetitive tasks efficiently. With the growing complexity of chip design and the demand for rapid market deployment, innovative solutions are needed to meet the needs of advanced technologies like next-generation data centers, medical devices, and smartphones.
AI adoption in the semiconductor sector was initially slow, particularly in Electronic Design Automation (EDA) tools. Synopsys, Inc. (<a href="https://stocknews.com/stock/SNPS/">SNPS</a>), a leading EDA firm, recognized this opportunity to leverage AI for chip design. The company introduced <a href="https://www.synopsys.com/ai/ai-powered-eda/dso-ai.html">DSO.ai</a>, the first AI-driven reinforcement learning technology, which has significantly improved productivity and performance in chip design while offering cloud scalability.
The chip development process involves multiple steps, and integrating AI-driven solutions tightly yields better outcomes. Using Synopsys' AI technology, customers have reported productivity increases exceeding threefold and up to <a href="https://www.synopsys.com/blogs/chip-design/how-ai-changes-chip-design-flow.html">20% better quality results</a>, all while reducing resource usage.
Last month, the company announced the <a href="https://news.synopsys.com/2024-06-12-Synopsys-Achieves-Certification-of-its-AI-driven-Digital-and-Analog-Flows-and-IP-on-Samsung-Advanced-SF2-GAA-Process">certification</a> of its AI-driven digital and analog design flows on Samsung Foundry's SF2 process, achieving multiple test chip tapeouts. This collaboration, powered by the Synopsys.ai full-stack EDA suite, enhances PPA, boosts productivity, and accelerates analog design migration for Samsung's latest Gate-All-Around (GAA) process technologies. This collaboration has produced significant advancements and will continue to optimize Samsung's advanced SF1.4 process.
On June 10, SNPS unveiled the industry's first complete <a href="https://news.synopsys.com/2024-06-10-Synopsys-Accelerates-Trillion-Parameter-HPC-AI-Supercomputing-Chip-Designs-with-Industrys-First-PCIe-7-0-IP-Solution">PCIe 7.0 IP solution</a>, which includes a controller, IDE security module, PHY, and verification IP. This solution addresses AI workloads' high bandwidth and low latency requirements, supporting data transfers up to 512 GB/s bidirectional in an x16 configuration. This capability is crucial for managing the massive computational demands of large language models in data centers.
Shares of SNPS have gained 16.7% over the past nine months and 23.1% over the past year to close the last trading session at $563.1. However, it has plunged 9.2% over the past month.
Here are the financial aspects of SNPS that could influence its performance in the near term:
Strong Financials
For the fiscal second quarter that ended April 30, 2024, SNPS' total revenue increased 15.2% year-over-year to $1.45 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> rose 13.6% from the year-ago value to $332.07 million.
In addition, non-GAAP net income and non-GAAP net income per share from continuing operations attributed to SNPS grew 26.8% and 26.1% from the prior year's period to $466.94 million and $3, respectively. As of April 30, 2024, its cash and cash equivalents increased to $1.50 billion from $1.43 billion recorded on October 31, 2023.
Positive Analyst Estimates
The consensus revenue estimate of $1.52 billion for the fiscal third quarter ending July 2024 reflects a 2.1% year-over-year improvement. Likewise, the consensus EPS estimate of $3.28 for the current quarter exhibits a 13.8% rise from the previous year. Furthermore, the company topped the consensus revenue and EPS estimates in three of the trailing four quarters, which is impressive.
For the fiscal year ending October 2024, Street expects SNPS' revenue and EPS to grow 5.3% and 16.1% from the prior year to $6.15 billion and $13, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, SNPS is trading at 43.33x, which is 79.1% higher than the industry average of 24.19x. Likewise, the stock's forward EV/EBITDA multiple of 33.24 is 124.2% higher than the industry average of 14.82x.
ROKU's forward EV/Sales and Price/Sales ratios of 13.87x and 14.03x are considerably above their respective industry averages of 2.98x and 2.97x. Moreover, its forward Price/Cash Flow multiple of 42.50 is 77.2% higher than the industry average of 23.98x.
Robust Profitability
SNPS' trailing-12-month gross profit margin of 80.39% is 64.1% higher than the industry average of 49%. Its trailing-12-month EBITDA margin of 25.72% is 154.9% higher than the 10.09% industry average. Also, the stock's net income margin of 22.60% compares to the 2.99% industry average.
Additionally, SNPS' trailing-12-month ROCE, ROTC, and ROTA of 21.89%, 12.58%, and 12.96% favorably compare to the industry averages of 4.36%, 2.93%, and 1.77%, respectively. Furthermore, the company's trailing-12-month EBIT margin of 22.96% is 352.2% higher than the industry average of 5.08%.
POWR Ratings Exhibit Mixed Prospects
SNPS' mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. SNPS has a B grade for Quality, which is justified by its higher-than-industry profitability.
However, with a 24-month beta of 1.49, the stock has earned a grade of C for Stability. The stock's C grade for Momentum is justified by its share price, which is currently trading below its 50-day moving average of $586.36 but above the 200-day moving average of $546.88.
SNPS is ranked #70 in the 136-stock <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry. <a href="https://stocknews.com/stock/SNPS/">Click here</a> to access SNPS' Growth, Value, and Sentiment ratings.
Bottom Line
With AI becoming integral to chip design and Synopsys leading the charge, the company is well-positioned to capitalize on the growing demand for AI-powered solutions. The company's innovative solutions, like DSO.ai, have significantly enhanced productivity and performance, promising robust growth prospects. However, with SNPS' elevated valuation and enhanced volatility, potential investors might consider waiting for a more opportune entry point into this stock.
How Does Synopsys, Inc. (SNPS) Stack Up Against Its Peers?
While SNPS has an overall grade of C, equating to a Neutral rating, you may also check out these other A-rated (Strong Buy) stocks within the <a href="https://stocknews.com/category/software-application/">Software – Application</a> industry: Yalla Group Limited (<a href="https://stocknews.com/stock/YALA/">YALA</a>), IBEX Limited (<a href="https://stocknews.com/stock/IBEX/">IBEX</a>) and Cognyte Software Ltd. (<a href="https://stocknews.com/stock/CGNT/">CGNT</a>). To explore more A-rated Software - Application stocks, <a href="https://stocknews.com/category/software-application/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
SNPS shares closed at $563.12 on Friday, up $2.74 (+0.49%). Year-to-date, SNPS has gained 9.36%, versus a 16.23% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/snps-yala-ibex-cgnt-is-it-time-to-invest-in-synopsys-as-ai-chip/>Is It Time to Invest in Synopsys as AI Chip Demand Soars?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is It Time to Invest in Synopsys as AI Chip Demand Soars?

Yalla Group: The Proverbial Hit Or Miss

Yalla Q2 Earnings Preview

Yalla Non-GAAP EPS of $0.19, revenue of $81.2M beats by $2.2M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Yalla Group (NYSE:<a href="https://investorplace.com/stock-quotes/yala-stock-quote/">YALA</a>) just reported results for the second quarter of 2024.<ul><li>Yalla Group reported earnings per share of 19 cents.</li><li>The company reported revenue of $79.25 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/yala-stock-earnings-yalla-group-for-q2-of-2024/">YALA Stock Earnings: Yalla Group Reported Results for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

YALA Stock Earnings: Yalla Group Reported Results for Q2 2024

Yalla Group (YALA) has released an update. Yalla Group Limited, the leading social networking and gaming company in MENA, reported a 2.5% revenue i...

Yalla Group Achieves Steady Growth in Q2 2024

Yalla Group Limited (YALA) Q2 2024 Earnings Call Transcript

The software sector is flourishing with increasing demand, investment, and rapid technological advancements. Hence, investors could consider investing in promising small-cap software stocks Magic Software (MGIC), Cognyte Software (CGNT), and Yalla (YALA). Read more… As business demand increases, the software industry delves into offering efficient and innovative solutions to grab market share. Recent transformations, such as the adoption of AI and cloud computing, have added more growth opportunities for the industry.
Therefore, it could be wise to invest in small-cap software stocks Magic Software Enterprises Ltd. (<a href="https://stocknews.com/stock/MGIC/">MGIC</a>), Cognyte Software Ltd. (<a href="https://stocknews.com/stock/CGNT/">CGNT</a>), and Yalla Group Limited (<a href="https://stocknews.com/stock/YALA/">YALA</a>), which have the potential to deliver solid returns.
Revenue in the software market is expected to reach $704.10 billion in 2024, with <a href="https://www.statista.com/outlook/tmo/software/worldwide">enterprise software dominating the market</a> with a projected market volume of $295.20 billion in the same period. Further, <a href="https://www.statista.com/outlook/tmo/software/application-development-software/worldwide">the application development software market</a> is expected to be valued at $182.70 billion in 2024 and reach $250.70 billion by 2029, growing at a CAGR of 6.5%.
With rapidly rising business requirements, the enterprise application software market is experiencing robust growth and expansion, driven by <a href="https://eyer.ai/blog/enterprise-application-software-market-trends-for-2024/">trends such as advancements in cloud computing</a>, AI integration, personalized user experience, and emphasis on security and industry-oriented solutions.
Moreover, according to the latest forecast by Gartner, <a href="https://www.gartner.com/en/newsroom/press-releases/2024-07-16-gartner-forecasts-worldwide-it-spending-to-grow-7-point-5-percent-in-2024">worldwide software spending</a> is expected to total $1.1 trillion in 2024, representing an increase of 12.6% from 2023.
Considering these encouraging industry trends, let's delve into the fundamentals of the <a href="https://stocknews.com/category/software-application/">Software – Application</a> stocks mentioned above, beginning with the third choice.
Stock #3: Magic Software Enterprises Ltd. (<a href="https://stocknews.com/stock/MGIC/">MGIC</a>)
Headquartered in Or Yehuda, Israel, MGIC provides proprietary application development, vertical software solutions, business process integration, information technology outsourcing software services, and cloud-based services in Israel and internationally. It operates through Software Services; and IT Professional Services segments.
In terms of forward EV/EBIT, MGIC is trading at 8.18x, 57.2% lower than the industry average of 19.10x. Further, the stock's forward Price/Sales multiple of 0.91 is 66.7% lower than the industry average of 2.72. Similarly, its forward non-GAAP P/E of 10.18x is 55.4% lower than the industry average of 22.82x.
For the first quarter that ended March 31, 2024, MGIC reported revenues of $130.72 million, and its non-GAAP gross profit was $38.31 million. Non-GAAP net income attributable to Magic's shareholders and non-GAAP EPS came in at $11.28 million and $0.23 for the quarter, respectively.
Furthermore, the company's total current assets were $273.75 million as of March 31, 2024, compared to $256.62 million as of December 31, 2023.
Street expects MGIC's revenue for the fourth quarter (ending December 2024) to increase 14.6% year-over-year to $143.90 million. Its EPS for the same quarter is expected to grow 14.4% year-over-year to $0.27. Also, the company has topped the consensus revenue and EPS estimates in three of the four trailing quarters.
Shares of MGIC have surged 16.1% over the past nine months to close the last trading session at $10.04.
MGIC's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
MGIC has an A grade for Value and a B grade for Sentiment, Stability, and Quality. It is ranked #8 out of 132 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry.
In addition to the POWR Ratings we've stated above, we also have MGIC's ratings for Momentum and Growth. Get all MGIC ratings <a href="https://stocknews.com/stock/MGIC/">here</a>.
Stock #2: Cognyte Software Ltd. (<a href="https://stocknews.com/stock/CGNT/">CGNT</a>)
Based in Herzliya, Israel, CGNT offers investigative analytics software to governments and enterprises globally. The company's Actionable Intelligence for a Safer World is an open software designed to help governments and enterprises accelerate and enhance the effectiveness of investigations.
On July 10, CGNT secured a $10 million follow-on order from a national security agency that is a long-term CGNT customer in the Europe-Middle East-Africa (EMEA) region. With the follow-on order, the agency expanded its strategic investment in CGNT's advanced technology to combat a wide range of threats, such as terrorism, drug trafficking, and weapons smuggling.
In terms of forward EV/Sales, CGNT is trading at 1.34x, 50.5% lower than the industry average of 2.71x. Further, the stock's forward Price/Sales of 1.50x is 45% lower than the 2.72x industry average.
During the first quarter that ended April 30, 2024, CGNT's total revenue rose 12.7% year-over-year to $82.71 million. Its non-GAAP gross profit grew 17.1% from the prior year's quarter to $58.79 million. The company's adjusted EBITDA came in at $5.02 million, compared to an adjusted loss of $2.28 million in the previous year's quarter.
In addition, the company's cash and cash equivalents were $98.80 million as of April 30, 2024, versus $74.48 million as of January 31, 2024.
According to the fiscal year 2025 outlook, CGNT expects revenue of $344 million at the midpoint with a range of +/-2%, reflecting 10% growth from its prior year's revenue. Its adjusted EBITDA is expected to be approximately $22 million.
Street expects CGNT's revenue for the second quarter (ending July 2024) to increase 8.6% year-over-year to $83.69 million. For the fiscal year (ending January 2025), the company's revenue is expected to grow 9.6% year-over-year to $343.40 million. Furthermore, CGNT topped the consensus EPS and revenue estimates in all of the trailing four quarters.
CGNT's stock has gained 36.9% over the past year to close the last trading session at $7.16.
CGNT's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
The stock has a B grade for Sentiment, Value, Growth, and Quality. CGNT is ranked #3 among 132 stocks in the Software - Application industry. <a href="https://stocknews.com/stock/CGNT/">Click here</a> to access CGNT's ratings for Stability and Momentum.
Stock #1: Yalla Group Limited (<a href="https://stocknews.com/stock/YALA/">YALA</a>)
Headquartered in Dubai, United Arab Emirates, YALA operates a social networking and gaming platform in the Middle East and North Africa region. The company offers mobile applications like Yalla, a voice-centric group chat platform, and Yalla Ludo, a casual gaming application.
In terms of forward non-GAAP P/E, YALA is trading at 5.48x, 57.4% lower than the industry average of 12.84x. Likewise, the stock's forward EV/Sales multiple of 0.25 is 86.9% lower than the industry average of 1.90. Also, its forward Price/Cash Flow of 5.29x is 31.1% lower than the industry average of 7.68x.
YALA's revenues increased 2.5% year-over-year to $81.20 million during the second quarter that ended June 30, 2024. Its non-GAAP operating income rose 13.9% from the year-ago value to $33.51 million. The company's non-GAAP net income of $35.24 million indicates growth of 4.4% from the prior year's quarter, while its non-GAAP EPS was $0.19.
Furthermore, the company's total assets stood at $715.12 million as of June 30, 2024, compared to $638.95 million as of December 31, 2023.
As per the company's outlook for the third quarter of 2024, YALA expects its revenues to be between $75.0 million and $82.0 million.
Analysts expect YALA's revenue for the fiscal year (ending December 2025) to increase 13.3% year-over-year to $366.75 million, and its EPS is expected to grow 10.6% year-over-year to $0.78 for the same year. Moreover, the company has topped the consensus revenue estimates in each of the trailing four quarters, which is impressive.
YALA's stock has plunged 17.3% over the past month to close the last trading session at $3.86.
YALA's POWR Ratings reflect its robust outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Value and a B grade for Growth, Stability, Quality, and Sentiment. Within the same industry, YALA tops among the 132 stocks. <a href="https://stocknews.com/stock/YALA/">Click here</a> to access all YALA ratings.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
YALA shares were trading at $3.81 per share on Tuesday afternoon, down $0.05 (-1.30%). Year-to-date, YALA has declined -37.85%, versus a 14.60% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/yala-cgnt-mgic-3-small-cap-software-stocks-with-strong-buy-ratings/>3 Small-Cap Software Stocks with Strong Buy Ratings</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Small-Cap Software Stocks with Strong Buy Ratings

CGNT

DUOL

IBEX

MGIC

SNPS

TMVWY

YALA

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Yalla Group Limited Announces Unaudited First Quarter 2024 Financial Results

Yalla Group Limited to Report Second Quarter 2024 Financial Results on August 12, 2024 Eastern Time

Yalla Group Limited Announces Unaudited Second Quarter 2024 Financial Results

Yalla Group Limited to Report Third Quarter 2024 Financial Results on November 11, 2024 Eastern Time

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