Shivani Kumaresan

India

Staff Writer at Benzinga

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Articles

Iridium Partners With Syniverse To Launch Global Satellite Service: Retail Stays Confident

1 week ago | stocktwits.com | Shivani Kumaresan

Iridium Communications Inc. (IRDM) announced a new partnership with Syniverse, a mobile connectivity solutions provider, to support the deployment of Iridium’s NTN Direct service. The platform supports standards-based direct-to-device connectivity, addressing a crucial requirement for mobile network operators (MNO) aiming to broaden their services internationally.
Coach Captures Gen Z Wallets, Drives Tapestry's EPS Upgrade, Says Analyst - Tapestry (NYSE:TPR)

4 weeks ago | benzinga.com | Shivani Kumaresan

Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on the shares of Tapestry Inc TPR with a price forecast of $92. Tapestry remains strong despite a challenging macroeconomic environment, benefiting from solid revenue growth and effective cost controls, said the analyst. The company’s third-quarter performance was driven by broad geographical growth (excluding Japan) and significant gross margin improvements.
Cloudflare Nets $160 Target After $130M Deal Spikes Shares - Cloudflare (NYSE:NET)

4 weeks ago | benzinga.com | Shivani Kumaresan

Needham analyst Mike Cikos on Friday reiterated a Buy rating on the shares of Cloudflare Inc NET and raised the price forecast from $145 to $160. According to the analyst, Cloudflare posted strong quarterly results and eased investor concerns about its 2025 outlook, which boosted its stock. The company secured a record-breaking $130 million, five-year Pool-of-Funds agreement, beating out AWS, designed to save the client over $100 million.
Why Is Clean Tech Company N2OFF'S Stock Jumping Today? - N2OFF (NASDAQ:NITO)

4 weeks ago | benzinga.com | Shivani Kumaresan

Shares of green technology company N2OFF, Inc. NITO traded higher in premarket on Friday after the company said it is extending its international footprint through a new venture in Poland's clean energy sector. The firm revealed that its unit, Solterra, is contributing financially to a Battery Energy Storage System (BESS) project in Poland.
Crocs Kicks Up Its Outlook: Needham Lifts Price Target On Strong Q1 Stride - Crocs (NASDAQ:CROX)

4 weeks ago | benzinga.com | Shivani Kumaresan

Needham analyst Tom Nikic on Thursday reiterated a Buy rating on the shares of Crocs Inc CROX and raised the price forecast from $118 to $129. CROX delivered strong first-quarter results, outperforming expectations on revenue and earnings, with notable strength in gross margins and free cash flow. Positive commentary on tariffs also boosted sentiment.
Nuvve Taps Crypto Advisors To Fuel Digital Asset Subsidiary, Stock Soars - Nuvve Holding (NASDAQ:NVVE)

4 weeks ago | benzinga.com | Shivani Kumaresan

Shares of Nuvve Holding Corp. NVVE rallied on Friday after the company partnered with several consultants specializing in blockchain strategy. The consulting team will guide Nuvve in crafting a detailed strategy for its cryptocurrency ventures via its digital asset treasury division, Nuvve-DigitalAssets. Nuvve’s fully owned subsidiary aims to explore new possibilities within the blockchain space.
EVgo Is Well-Positioned For Robust Revenue Growth: Analyst

1 month ago | finance.yahoo.com | Shivani Kumaresan

J.P. Morgan analyst Bill Peterson reiterated an Overweight rating on the shares of Evgo Inc (NASDAQ:EVGO) with a price forecast of $5.00. EVgo beat revenue expectations, thanks in part to stronger-than-anticipated performance from its eXtend business, said the analyst.
JPMorgan Sees More Upside For Costco As US Sales Outperform - Costco Wholesale (NASDAQ:COST)

1 month ago | benzinga.com | Shivani Kumaresan

J.P. Morgan analyst Christopher Horvers on Thursday reiterated a Overweight rating on the shares of Costco Wholesale Corp COST and raised the price target from $1070 to $1088. Costco's U.S. core comparable sales rose 7.1% in April, surpassing expectations despite a calendar-related sales headwind from the Easter shift, said the analyst. U.S. store traffic climbed 5%, while total global traffic increased 4.2%, and the average transaction size grew 2.4% year-over-year.
Carvana Stock Jumps: Q1 Surpasses Expectations, Says Analyst - Carvana (NYSE:CVNA)

1 month ago | benzinga.com | Shivani Kumaresan

BofA Securities analyst Michael McGovern on Thursday reiterated a Buy rating on the shares of Carvana Co CVNA and raised the price forecast from $290 to $295. Carvana delivered a strong beat-and-raise quarter, highlighted by 46% year-over-year growth in unit sales. The company posted revenue and EBITDA of $4.23 billion and $488 million, ahead of consensus estimates of $3.99 billion and $434 million, respectively.
Primo Cools As Beverage Brand Misses Wall Street Estimates - Primo Brands (NYSE:PRMB)

1 month ago | benzinga.com | Shivani Kumaresan

Primo Brands Corporation PRMB shares are trading lower on Thursday after the first-quarter earnings. The company reported first-quarter revenue growth of 42.1% year-on-year to $1.61 billion, missing the analyst consensus estimate of $1.62 billion. Adjusted EPS of 29 cents beat the consensus estimate of 23 cents. Gross margin was 32.3% primarily driven by gross profit attributable to Primo Water due to the merger transaction, as well as lower maintenance costs.

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