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

WIIM

Kyndryl shares are trading higher after the company's board authorized a $300 million share repurchase program.

Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has expanded its collaboration with XPEL, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPEL#NASDAQ">XPEL</a>) to offer a new customization program for its R1T and R1S electric vehicle owners<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42096490/xpel-and-rivian-expand-collaboration-with-new-ppf-and-window-film-program" rel="noreferrer noopener"> in the U.S. and Canada.</a>
The program, available through Rivian&#8217;s Gear Shop, allows owners to order XPEL&#8217;s Paint Protection Film (PPF) and Window Film products directly, with set pricing and easy installation booking through a local XPEL Certified Rivian Network Partner.
Rivian owners can now protect their vehicles with XPEL&#8217;s ULTIMATE PLUS Paint Protection Film, which guards against scratches, chips, and stains while offering a self-healing finish. The film also resists UV yellowing to maintain clarity.
Additionally, the PRIME Window Film provides added privacy, heat rejection, and UV protection, blocking 99% of harmful UV rays. Owners can choose from various window film tints, including PRIME CS, XR, and XR PLUS.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42113449/natural-gas-prices-spike-to-over-1-year-highs-oil-surges-to-70-as-russia-fires-intercontinental-ballistic-missile-to-ukraine" rel="noreferrer noopener">Natural Gas Prices Spike To Over 1-Year Highs, Oil Surges To $70 As Ukraine Says Intercontinental Ballistic Missile Fired By Russia</a>
This collaboration builds on Rivian&#8217;s previous partnership with XPEL, where the company offered full-body PPF on select models at the factory. The extended program aims to give owners greater protection and customization options, enhancing their Rivian ownership experience.
To participate, U.S. and Canadian customers can order and schedule installation via Rivian&#8217;s Gear Shop or XPEL&#8217;s website.
Price Action: RIVN shares are trading higher by 0.40% to $10.09 at last check Thursday.
Photo by Tada Images on Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/24/11/42111748/super-micro-computer-stock-is-rallying-thursday-whats-going-on" target="_blank" rel="noreferrer noopener">Super Micro Computer Stock Is Rallying Thursday: What&#8217;s Going On?</a></li>
</ul>

Equities

News

Markets

Movers

General

RIVN

XPEL

Rivian Automotive Expands Collaboration With XPEL: Details

CRGO

Freightos shares are trading higher after the company announced the official launch of its integration with e2open.

Shares of Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) recovered slightly in early trading on Thursday, after tanking on the company's <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42106249/target-says-shoppers-wait-for-deals-a-day-after-rival-walmart-credits-market-gains-to-wealthy-households-tgt-edges-up-marginally-in-thursday-premarket">third-quarter earnings miss</a>.
<ul>
<li>JPMorgan <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/584847d9ee7bf6000154d225/christopher-horvers">analyst Christopher Horvers</a> maintained a Neutral rating, while slashing the price target from $167 to $139.</li>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58580bcbee7bf60001bcfa29/kate-mcshane">analyst Kate McShane</a> reiterated a Buy rating, while reducing the price target from $192 to $164.</li>
<li>Piper Sandler <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61d8398a2925770001ed33b1/alexia-dogani">analyst Alexia Morgan</a> reaffirmed a Neutral rating, while cutting the price target from $156 to $130.</li>
<li>KeyBanc Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59009b5a0bd9910001e5f2aa/bradley-thomas">analyst Bradley Thomas</a> maintained a Sector Weight rating on the stock. </li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
JPMorgan: Target's third-quarter comps of 0.3% came significantly below the consensus of 1.4%, "as weather, continued weakness in discretionary categories, and some share loss continue to weigh on discretionary spend," Horvers said in a note. Markdowns and promotions represented "the lion's share" of the company's third-quarter gross margin miss and is "the big driver of the implied drop in 4Q gross margins," he added.
"We believe TGT continues to face share issues of varying degrees across all categories, sans beauty, but the trend appears to be improving," the analyst wrote. The stock got battered after the earnings release and is likely to bounce bank, he further stated.
Goldman Sachs: Target's disappointing comps were due to a decline in ticket size, with consumers continuing to spend cautiously, "most notably in discretionary categories," McShane said. The company's beauty segment bucked the trend and delivered comps of more than 6%, while food &amp; beverage and essentials delivered low single-digit growth, she added.
Target's gross margin contracted by around 20 basis points to 27.2% and came in below consensus, the analyst stated. "We would note this was the most significant change for the quarter as 2Q gross margins were up ~190 bps," she further wrote.
Piper Sandler: "While part of the Q3 miss can be attributed to transitory factors surrounding supply chain costs and discretionary sales weakness (apparel, home, etc.), results also suggest some ongoing share loss," Morgan wrote in a note. The company's gross margin came in at 27.2%, significantly short of consensus of 28.5%, she added.
Target's performance hinges on a recovery in discretionary consumer spending and, once this happens, the company's fundamentals are likely to improve, the analyst stated. "However, we now have increased concerns with tariff dynamics and how they could impact supply chain and sourcing costs in 2025 &#8211; particularly considering today&#8217;s margin miss was partly from navigating port strikes," she further wrote.
KeyBanc Capital Markets: Target's third-quarter results missed expectations due to "slower sales and unexpected margin pressure," Thomas said. Lower ticket sizes weighed on comps, which came well below expectations, he added.
Given the disappointing third-quarter performance and soft expectations for the fourth quarter, management lowered their 2024 guidance for comps and earnings below consensus, the analyst stated. "Looking ahead, we see consumer headwinds, competitive pressures, and moderating margin opportunities as potentially limiting upside for shares," he further wrote.
Price Action: Shares of Target had declined by 0.62% to $122.51 at the time of publication on Thursday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42100904/target-plunges-21-while-williams-sonoma-soars-27-on-same-day">Target Plunges 21% While Williams-Sonoma Soars 27% On Same Day</a></li>
</ul>
Image: Shutterstock

Analyst Color

Earnings Beats

Price Target

Reiteration

Analyst Ratings

Trading Ideas

Target Posts Q3 Earnings Miss: Analysts Slash Forecasts On Market Share Loss, Margin Concerns

CLIR

ClearSign Technologies shares are trading higher after the company reported better-than-expected Q3 financial results.

Comerica Bank Extends Services For Direct Express Program By Three Years To Ensure Smooth Transition To New Treasury-Selected Financial Agent, Serving 3.4M Cardholders Since 2008

BLZE

Backblaze shares are trading lower. The company announced it upsized its share offering by $5 million to $35 million.

TD Cowen analyst Shaul Eyal maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Buy and raises the price target from $400 to $420.

PANW

TD Cowen Maintains Buy on Palo Alto Networks, Raises Price Target to $420

Legal

AMZN

Amazon Likely To Be Investigated Under EU's Digital Markets Act Next Year; EU Antitrust Regulators Building Case For Amazon Investigation; Incoming EU Antitrust Chief Ribera To Decide On Timing, Whether To Go Ahead With Probe

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) plans to invest over $200 million to expand advanced recycling operations at its Baytown <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42109739/exxonmobil-to-expand-advanced-recycling-capacity" rel="noreferrer noopener">and Beaumont facilities in Texas</a>.
The expansions, set to begin in 2026, aim to boost recycling rates and reduce plastic waste in landfills.
The company also intends to add more units to achieve a global recycling capacity of 1 billion pounds annually by 2027.
ExxonMobil's investment will add 350 million pounds of advanced recycling capacity annually at its Baytown and Beaumont facilities, increasing its total capacity to 500 million pounds per year.
The company aims to develop additional projects across North America, Europe, and Asia, targeting 1 billion pounds of global recycling capacity by 2027.
This process complements traditional recycling by converting plastic waste into raw materials for products like fuels, lubricants, chemicals, and plastics, effectively addressing waste that mechanical recycling cannot process.
ExxonMobil&#8217;s first advanced recycling facility in Baytown, launched in 2022, is among the largest in North America, processing over 70 million pounds of plastic waste as of October 2024.
Karen McKee, president of ExxonMobil Product Solutions, said, &#8220;At our Baytown site, we&#8217;ve proven advanced recycling works at scale, which gives us confidence in our ambition to provide the capacity to process more than 1 billion pounds of plastic per year around the world.&#8221;
&#8220;The world&#8217;s plastic waste challenge will be solved with innovation, collaboration, and supportive government policy to improve waste management and circularity.&#8221;
Yesterday, the company inked a non-binding MOU for a multiyear agreement with&nbsp;LG Chem, a&nbsp;chemical company with a&nbsp;<a target="_blank" href="https://www.benzinga.com/news/contracts/24/11/42087743/exxon-mobils-lithium-leap-100000-metric-tons-to-fuel-lg-chems-us-plant" rel="noreferrer noopener">diversified business portfolio</a>.
ExxonMobil will supply up to 100,000 metric tons of lithium carbonate from its planned U.S. project to LG Chem's upcoming cathode plant in Tennessee, which is set to be the largest in the U.S.
Investors can gain exposure to XOM via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;Vanguard Energy Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDE#NYSE">VDE</a>).
Price Action: XOM shares are up 1.63% at $122.28 at the last check Thursday.
Photo: Del Henderson Jr. via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/42113855" target="_blank" rel="noreferrer noopener">Breaking New Ground In OLED: Applied Materials Unveils MAX OLED Solution For Bigger Displays</a></li>
</ul>

Large Cap

DRLL

ExxonMobil Plans $200 Million Expansion To Tackle Plastic Waste: Details

TD Cowen analyst J. Derrick Wood maintains GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) with a Buy and raises the price target from $63 to $70.

GTLB

TD Cowen Maintains Buy on GitLab, Raises Price Target to $70

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-21_08h52_20.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Nvidia Dips Aggressively Bought</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-nvidia-earnings-nvda-mc-11212024">click here</a> for an enlarged chart of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of NVDA stock is being used to illustrate the point. As full disclosure, NVDA is part of The Arora Report&#8217;s ZYX Buy Model Portfolio.</li>
<li>The chart shows the dip in NVDA stock has been aggressively bought.</li>
<li>The chart shows that NVDA stock dipped into the support zone after earnings.&nbsp; The buying in NVDA this morning has been extremely aggressive as illustrated by the fact that NVDA traded as high as $149.40 vs. the prior high of $149.77.</li>
<li>The chart shows the NVDA bounced from the support zone to the resistance zone.</li>
<li>As of this writing, NVDA stock is very volatile.</li>
<li>In The Arora Report analysis, a tell for the stock market will be to see if NVDA stock breaks out or retraces back to the support zone.</li>
<li>Nvidia reported earnings better than the consensus numbers, better than some whisper numbers, but less than the top end of the whisper numbers.</li>
<li>Overheating was a big concern going into earnings.&nbsp; It appears that most of the overheating issues have been resolved.&nbsp; Here are the key points from Nvidia earnings:
<ul>
<li>Nvidia CEO Jensen Huang said, "The age of AI is in full steam, propelling a global shift to Nvidia computing."</li>
<li>Blackwell demand is likely to exceed supply in FY26.</li>
<li>Hopper demand is also very strong.</li>
<li>Nvidia is working on the next data center architecture that will improve production yields.</li>
<li>Nvidia expects enterprise AI, industrial AI, and robotics to continue to increase.</li>
<li>Nvidia beat on revenue.
<ul>
<li>Data center revenue and automotive revenue hit records.</li>
<li>Gaming revenue increased 15% from last year.</li>
<li>Professional visualization revenue increased 17% from last year.</li>
</ul>
</li>
</ul>
</li>
<li>The fact that NVDA dips are being aggressively bought is helping the overall stock market.</li>
<li>Also helping the stock market this morning is Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) approaching $100K.</li>
<li>Sentiment is extremely positive.</li>
<li>Investors are buying stocks and cryptos with total abandon.&nbsp; If it was not for the positive seasonality and year end chase, this kind of reckless buying would have resulted in increasing the protection band because extreme positive sentiment is historically a sell signal.&nbsp; However, The Arora Report call remains to buy the dips because the year end chase is likely to trump all other factors.&nbsp; In year end chase, even bearish money managers aggressively buy stocks to keep up with their benchmarks.</li>
<li>Initial jobless claims came at 213K vs. 221K consensus.&nbsp; This indicates that the job market is very strong.&nbsp; This is another data point that shows that the Fed should not have been cutting interest rates as aggressively as it did. In the short term, the Fed's actions have poured gasoline over the fire to aggressively buy stocks and cryptos.</li>
</ul>
<h3 class="wp-block-heading">First ICBM Fired</h3>
The first operational intercontinental ballistic missile (ICBM) was developed by Russia in 1957, followed by development by the U.S. in 1959.&nbsp; To the best of our knowledge, Russia has fired the first ICBM in battle since its invention.&nbsp; This is Russia's response to Ukraine firing U.S. and British long range missiles on Russian territory.
In The Arora Report analysis, both Russia and Ukraine are escalating the conflict to gain an advantage before Trump stops the war.&nbsp; These developments have major implications for investors.&nbsp;
<h3 class="wp-block-heading">Problem For India</h3>
Gautam Adani is the most important industrialist in India.&nbsp; He is also very closely allied with India&#8217;s Prime Minister Modi.&nbsp; The U.S. Department of Justice has just indicted Adani for bribes in solar contracts.
The Indian stock market has fallen on the news.  In The Arora Report analysis, some foreign money is going to flow out of India on this development.  The Arora Report call has been to steadily take partial profits on India positions Fairfax India Holdings Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFXDF#OTC">FFXDF</a>), WisdomTree India Earnings Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPI#NYSE">EPI</a>), iShares MSCI India Small-Cap ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/SMIN#BATS">SMIN</a>), and VanEck India Growth Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLIN#NYSE">GLIN</a>).  The Arora Report&#8217;s call yesterday evening was to take more partial profits on India positions.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and NVDA.
In the early trade, money flows are neutral in Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin is approaching $100K.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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

Cryptocurrency

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$BTC

AAPL

FFXDF

GLIN

GOOG

MSFT

NVDA

SMIN

TSLA

Nvidia Aggressively Bought, Russia Fires First Intercontinental Ballistic Missile, Adani Indicted

Evercore ISI Group analyst Oliver Wintermantel maintains Williams-Sonoma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) with a In-Line and raises the price target from $140 to $180.

Evercore ISI Group Maintains In-Line on Williams-Sonoma, Raises Price Target to $180

Contracts

Watching Comerica; Shares Move Lower, Bank Of NY To Manage U.S. Department Of The Treasury's Prepaid Debit Card Program For Federal Benefits, Which The Company Used To Hold

Kyndryl Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>) is boosting investor confidence with <a href="https://www.benzinga.com/quote/KD/news">the announcement of</a> its first-ever share repurchase program, worth $300 million.
The International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) spin-off is using the buyback to return capital to shareholders, signaling its belief in sustainable growth despite a competitive market.
<h3 class="wp-block-heading">Share Repurchase Reflects Management's Confidence</h3>
The new repurchase program comes as Kyndryl sees significant progress in both its financials and operational transformation. CEO Martin Schroeter emphasized that the buyback underscores Kyndryl's success in expanding its margins and generating free cash flow. The program allows the company to strengthen its capital structure while remaining flexible for future strategic moves.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40755363/pair-trade-alert-long-kd-short-dxc-says-jpmorgan-heres-why">Pair Trade Alert: &#8216;Long KD Short DXC&#8217; Says JPMorgan, Here&#8217;s Why</a>
<h3 class="wp-block-heading">KD Stock Performance Shows Strength</h3>
Kyndryl's stock has demonstrated impressive momentum over the past year. Up 87% in 2023 and almost 40% year-to-date in 2024, the company has significantly outpaced market expectations. 
This growth comes despite broader industry challenges, with Kyndryl's mission-critical IT services gaining traction, especially in cybersecurity and AI-driven solutions.
The technical indicators for Kyndryl stock also align with this growth, providing strong bullish signals for investors.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21100103/Screenshot-2024-11-21-at-8.30.51-PM.png" alt="" class="wp-image-659037" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21100103/Screenshot-2024-11-21-at-8.30.51-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21100103/Screenshot-2024-11-21-at-8.30.51-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112124&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
KD stock, at $30.44, trades above its five, 20 and 50-day exponential moving averages, a strong sign of upward momentum. The eight-day simple moving average (SMA) of $28.51 suggests a bullish signal for the short-term, as does the 20-day SMA of $26.16. The stock's 50-day SMA of $24.74 further supports this, reinforcing that Kyndryl is on a bullish path even over the medium term.
The Moving Average Convergence Divergence (MACD) indicator stands at 1.36, further suggesting that Kyndryl's stock momentum is bullish. 
However, with a Relative Strength Index (RSI) of 79.50, the stock is in the overbought territory, which means that momentum has peaked and investors could expect a reversal from here.
<h3 class="wp-block-heading">The Road Ahead: A Focus On Sustainable Growth</h3>
With over three years as a public company, Kyndryl is entering a new phase of revenue growth and profitability. The $300 million share buyback reflects the company's ongoing transformation and its ability to thrive amid industry challenges. 
For investors, Kyndryl's strong stock performance, backed by positive technical indicators, signals confidence, but caution is advised due to the current overbought conditions.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/mid-cap/24/11/41944479/kyndryl-dell-nvidia-join-forces-to-launch-ai-private-cloud-for-japanese-enterprises">Kyndryl, Dell, Nvidia Join Forces To Launch AI Private Cloud For Japanese Enterprises</a></li>
</ul>

Long Ideas

Technicals

Buybacks

Tech

IBM Spin-Off Kyndryl Announces $300 Million Buyback: What's Next For KD Stock?

TD Cowen analyst J. Derrick Wood maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Buy and raises the price target from $180 to $190.

SNOW

TD Cowen Maintains Buy on Snowflake, Raises Price Target to $190

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8bb85e9300015f1ad9/brian-abrahams">RBC Capital analyst Brian Abrahams </a>upgraded Sage Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) from Underperform to Sector Perform and maintained the price target of $4. Sage Therapeutics shares closed at $4.91 on Wednesday. See how other analysts view this stock.</li>
<li>Morgan Stanley analyst James Faucette upgraded the rating for EVERTEC, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) from Underweight to Equal-Weight and raised the price target from $33 to $35. Evertec shares closed at $34.84 on Wednesday. <a href="https://www.benzinga.com/quote/EVTC/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b1f43eaaa0001698f45/spiro-dounis">Citigroup analyst Spiro Dounis</a> upgraded DT Midstream, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTM#NYSE">DTM</a>) from Neutral to Buy and raised the price target from $90 to $115. DT Midstream shares closed at $102.73 on Wednesday. <a href="https://www.benzinga.com/quote/DTM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt analyst Catharine Trebnick upgraded Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from Neutral to Buy and boosted the price target from $390 to $425. Palo Alto shares closed at $392.89 on Wednesday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Compass Point analyst Floris Van Dijkum upgraded Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from Neutral to Buy and maintained the price target of $17. Pebblebrook Hotel shares closed at $12.37 on Wednesday. <a href="https://www.benzinga.com/quote/PPEB/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PANW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="367" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222-1024x367.png" alt="" class="wp-image-659212" style="width:539px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222-1024x367.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222-300x107.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222-768x275.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222-1536x550.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21111949/image-222.png 1595w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This Palo Alto Networks Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

TD Cowen analyst Matthew Ramsay maintains NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a Buy and raises the price target from $165 to $175.

TD Cowen Maintains Buy on NVIDIA, Raises Price Target to $175

<a href="https://open.substack.com/pub/europeancapitalinsights/p/european-stability-may-improve-with?r=3nmatg&amp;utm_campaign=post&amp;utm_medium=web">European geopolitical stability</a> may improve during the next Trump administration, despite concerns about the upcoming US president's impact on global security.&nbsp;
Citi analyst<a href="https://oilprice.com/Energy/Energy-General/Citi-Sees-Oil-Prices-Dropping-to-60-Under-Trump.html"> have forecasted</a> Citi analysts forecasted that Brent crude, which closed at $73.49 a barrel on Wednesday,&nbsp; would average $60 per barrel next year driven lower by the energy policies of the incoming US administration. They also said Trump's presidency could lead to a decline in geopolitical tensions.
For European nations, lower oil prices will help spur economic growth and keep prices in check, allowing for lower interest rates and higher capital investments.&nbsp;After the Russian invasion of Ukraine in 2022, Europe experienced an "<a href="https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog240311~968c707650.en.html" target="_blank" rel="noreferrer noopener">extraordinary surge</a>" in inflation.
<figure class="wp-block-image is-resized"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6728e40f-9830-4f1b-817a-83d4126d0480_766x407.png" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6728e40f-9830-4f1b-817a-83d4126d0480_766x407.png" alt="" style="width:627px" /></a><figcaption class="wp-element-caption">Source:<a target="_blank" rel="noreferrer noopener" href="https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog240311~968c707650.en.html"> European Union</a></figcaption></figure>
Europe has struggled to recover from the twin shocks of Covid-19 and the war in Ukraine. And there is little indication that euro area will shake off its weak <a href="https://ec.europa.eu/eurostat/web/products-euro-indicators/w/2-30102024-ap" target="_blank" rel="noreferrer noopener">growth of 0.4% in Q3 this year</a>.
"Economic activity has been weaker than expected: we have revised down our projections twice – before the summer and in September," Luis de Guindos, Vice President of the European Central Bank, <a target="_blank" rel="noreferrer noopener" href="https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp241118~752a75497e.en.html">said</a> on Monday. "The growth outlook is clouded by uncertainty about economic policies and the geopolitical landscape."&nbsp;
<h3 class="wp-block-heading">Trump May Spur European Leaders Into Action</h3>
Trump's mandate for change after winning the election could influence European leaders to alter course. Germany&#8217;s <a target="_blank" rel="noreferrer noopener" href="https://www.dw.com/en/germanys-media-react-to-donald-trumps-us-election-victory-v2/a-70715243">most widely read tabloid, Bild, said</a> that the US election was &#8220;the last warning signal for our government&#8221; to address voters&#8217; grievances.
Like their American counterparts, many <a href="https://europeancapitalinsights.substack.com/p/eu-tilts-right-as-economy-migration?r=3nmatg" target="_blank" rel="noreferrer noopener">European voters are frustrated</a> with their economic prospects and political leadership. They are <a href="https://europeancapitalinsights.substack.com/p/europe-frets-about-trump-presidency?r=3nmatg" target="_blank" rel="noreferrer noopener">concerned about geopolitical instability</a> impacting Europe with the war in Ukraine and tensions in the Middle East.&nbsp;
Trump's "peace through strength" policy had successfully fostered stability in Europe and the Middle East. <a target="_blank" rel="noreferrer noopener" href="https://www.aa.com.tr/en/energy/energy-diplomacy/trump-hails-record-of-no-new-wars-while-in-office/31647">His supporters point to</a> the fact there were no new wars during his last administration.&nbsp;
Under President Joe Biden, through, Europe witnessed the Russian invasion of Ukraine and an escalation in tensions between Iran and Israel. The latest US policy shift by the outgoing president on Ukraine has also caused jitters in global markets.
<h3 class="wp-block-heading">European Markets Fall After US Shifts Ukraine Policy</h3>
European markets moved lower after Biden <a href="https://www.nytimes.com/2024/11/17/us/politics/biden-ukraine-russia-atacms-missiles.html" target="_blank" rel="noreferrer noopener">authorized the first use </a>of the US-supplied long-range missiles by Ukraine inside Russia. The DAX Index fell, bringing its one-month decline to 1.5%. Poland's main stock index (WIG) sank more than 7%.
<figure class="wp-block-image is-resized"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F762ebe4b-4a09-4fea-a708-5f9c1b3c54bd_1600x811.png" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F762ebe4b-4a09-4fea-a708-5f9c1b3c54bd_1600x811.png" alt="" style="width:624px" /></a><figcaption class="wp-element-caption">Poland WIG20 reacts to latest Russia-Ukraine tensions: <a target="_blank" rel="noreferrer noopener" href="https://www.tradingview.com/chart/Fl8iqpOT/?symbol=MARKETSCOM%3APOLAND20">Trading View</a></figcaption></figure>
After Biden's decision to allow Ukraine to target sites within Russia, <a target="_blank" rel="noreferrer noopener" href="https://www.bbc.com/news/articles/cj4v0rey0jzo">Vladimir Putin approved changes</a> to Russia's nuclear doctrine. The doctrine now says an attack from a non-nuclear state, if backed by a nuclear power, will be treated as a joint assault on Russia.
In Washington, lawmakers in both parties generally supported Biden's policy change. "In a month-and-a-half, you're going to have a new president, and Russia will probably sue for peace," Rep. Rich McCormick (R-Ga.) said. "So let them defend themselves, punch Russia back in the face."&nbsp;&nbsp;
That show of support for Ukraine may reassure European politicians fretting about the new Trump administration.
<h3 class="wp-block-heading">Europe Concerns About Trump's Ukraine Policy ‘Unrealistic'</h3>
German Foreign Minister Annalena Baerbock has expressed concern about <a href="https://www.dw.com/en/prospect-of-trumps-return-stokes-anxiety-in-europe/a-69686356" target="_blank" rel="noreferrer noopener">Trump&#8217;s unwillingness to support Ukraine</a>. But Peter Thiel, co-founder of PayPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) and Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), swept aside these fears.&nbsp;
"You probably can't simply retreat from Ukraine without it just <a target="_blank" rel="noreferrer noopener" href="https://youtu.be/wwJV_NuN43Y?si=_Acn9qUqGsyJbNuO">becoming a route</a>," he said on November 14. "I don't think President Trump wants a repeat of what happened with Biden in Afghanistan."
Thiel was referring to the Biden administration's "<a href="https://edition.cnn.com/2023/06/30/politics/state-deparment-afghanistan-withdrawal-report/index.html" target="_blank" rel="noreferrer noopener">chaotic</a>" 2021 withdrawal, widely perceived as a major US foreign policy failure.&nbsp;&nbsp;
British Defense Minister John Healey characterized as "<a target="_blank" rel="noreferrer noopener" href="https://news.sky.com/story/amp/donald-trump-committed-to-nato-and-right-to-push-europe-to-increase-funding-uk-defence-secretary-john-healey-says-13252519">unrealistic</a>" accusations that Trump's return would be "a disaster for Europe" and "undermining" of NATO. Former EU official Thierry Breton said Trump's re-election "<a target="_blank" rel="noreferrer noopener" href="https://x.com/RnaudBertrand/status/1855804917103124893">accelerated</a>" policymakers' discussions about resolving the conflict.&nbsp;&nbsp;
<h3 class="wp-block-heading">European Stability Benefited From Trump's Defense Spending Push&nbsp;&nbsp;</h3>
<a target="_blank" rel="noreferrer noopener" href="https://m.economictimes.com/news/international/us/trumps-russia-ukraine-peace-plan-heres-what-his-plans-are-to-freeze-the-war/amp_articleshow/115123040.cms">One potential course of action under</a> consideration by the Trump administration includes European enforcement of a buffer zone in Ukraine. This would be accompanied by US security guarantees, in exchange for temporary deferment of full Ukrainian NATO membership.&nbsp;&nbsp;
During Trump's first term, he pressured European North Atlantic Treaty Organization (NATO) members to increase their defense spending to 2% of GDP. In 2017, only four NATO members had reached the alliance&#8217;s target, compared to the 23 expected this year.&nbsp;
Trump "was right," NATO Secretary General Mark Rutte <a target="_blank" rel="noreferrer noopener" href="https://news.sky.com/story/amp/donald-trump-committed-to-nato-and-right-to-push-europe-to-increase-funding-uk-defence-secretary-john-healey-says-13252519">said</a>. "You have a president who is experienced, who is extremely clear about what he wants. He will push us all to spend more on defense and he is right on this."&nbsp;
Rutt made his comments during a gathering of European leaders in Budapest on November 7 to "<a target="_blank" rel="noreferrer noopener" href="https://www.france24.com/en/europe/20241027-europe-guardrails-tries-to-trump-proof-security-nato">Trump-proof</a>" Europe.&nbsp;
<h3 class="wp-block-heading">Trump's Mideast Engagement&nbsp;Could Support European Stability</h3>
During his first term, the Trump administration's <a target="_blank" rel="noreferrer noopener" href="https://www.foreignaffairs.com/united-states/return-peace-strength-trump-obrien">Abraham Accords</a> established peace between Israel and four additional Arab nations. The US withdrawal from the Iran Nuclear Deal was crucial in significantly crippling Iran&#8217;s regional influence.&nbsp;
These efforts simultaneously restricted Tehran's access to international markets and limited its ability to fund regional conflicts. Iran supports proxy forces in Iran, Lebanon, Syria and Yemen.&nbsp;
<figure class="wp-block-image is-resized"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc073ad2a-9c6c-4dfa-9fdf-f6aa4839153e_806x822.png" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc073ad2a-9c6c-4dfa-9fdf-f6aa4839153e_806x822.png" alt="" style="width:auto;height:450px" /></a><figcaption class="wp-element-caption">Iran's proxy forces in the Middle East, Source:&nbsp; <a target="_blank" rel="noreferrer noopener" href="https://www.wilsoncenter.org/article/irans-islamist-proxies">Wilson Center</a></figcaption></figure>
"When U.S. allies see renewed American determination to contain the Islamist regime in Tehran, they will join with Washington," former US National Security Advisor, Robert C. O'Brien <a target="_blank" rel="noreferrer noopener" href="https://www.foreignaffairs.com/united-states/return-peace-strength-trump-obrien">said</a>.
This will "help bring peace to a region that is crucial to energy markets and global capital markets," he added.&nbsp;
Disclaimer:
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.
This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content&nbsp;or&nbsp;accuracy.

Eurozone

Economics

PLTR

PYPL

European Stability May Improve With Trump's 'Peace Through Strength' Policy

TELO

Telomir Pharmaceuticals shares are trading higher after the company announced preclinical results confirming the efficacy of Telomir-1.

<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.
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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.
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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

Here are the major earnings after the close today

Yalla Non-GAAP EPS of $0.24, revenue of $88.9M beats by $6.12M

Yalla Group Limited 2024 Q3 - Results - Earnings Call Presentation

Yalla Group Limited ( ($YALA) ) has released its Q3 earnings. Here is a breakdown of the information Yalla Group Limited presented to its investors...

Yalla Group Reports Strong Q3 2024 Performance

Yalla Group Limited (YALA) Q3 2024 Earnings Call Transcript

Yalla Group (YALA) has released an update. Yalla Group Limited reported a successful third quarter in 2024, with revenues climbing to a record $88....

Yalla Group's Third Quarter 2024: Record Revenue Growth

ANGI

AROC

ASRT

ATER

CCAP

CGNT

GATO

GRAB

HRTX

LAZR

MGIC

QUIK

RIOCF

STXS

TALO

YALA

ZETA

Entertainment

Social Media

Press Releases

Yalla Group Limited to Report Fourth Quarter and Full Year 2023 Financial Results on March 11, 2024 Eastern Time

Earnings

Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results

Yalla Group Limited Files 2023 Annual Report on Form 20-F

Yalla Group Releases 2023 ESG Report

Yalla Group Limited to Report First Quarter 2024 Financial Results on May 20, 2024 Eastern Time

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

Yalla Group Limited Announces Unaudited Third Quarter 2024 Financial Results

Angi

Bumble

BuzzFeed

Cars.com

DHI Group

EverQuote

FuboTV

Getty Images Holdings, Inc. Class A Common Stock

Getty Images Holdings

Nextdoor Holdings, Inc. Class A Common Stock

Nextdoor Holdings

36Kr Holdings Inc. - American Depositary Shares

36KR Holdings

MediaAlpha

Outbrain

PropertyGuru Group Limited Ordinary Shares

PropertyGuru Group

PSQ Holdings

QuinStreet

Shutterstock

So-Young International Inc. - American Depository Shares

So-Young Intl

Taboola.com

TrueCar

trivago N.V. - American Depositary Shares

trivago

Travelzoo

Vimeo

Vtex

Zhihu Inc. American Depositary Shares, each representing three (3) Class A Ordinary Shares

Zhihu

ZipRecruiter

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PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL