Zscaler Inc is well positioned to exceed expectations and raise its full year 2024 billings guidance when the cybersecurity company reports its first quarter fiscal 2024 financial results after the market closes on November 27, according to Jefferies analysts.
In an update to clients, the analysts maintained their ‘Buy’ rating and $225 price target on Zscaler stock, noting the setup feels more attractive given moderated expectations following lackluster results from other cybersecurity companies such as Palo Alto Networks Inc (NYSE:PANW).
Okta Inc (NASDAQ:OKTA) doesn’t need to do much to beat expectations when it reports third-quarter results on November 29, according to analysts at Jefferies.
The IT services firm is expected to report earnings of $0.30 per share on revenue of $563.14 million, compared to $0 per share on revenue of $481 million a year earlier.
Petco Health and Wellness Company likely saw muted sales in the third quarter, analysts at UBS wrote in a note to clients ahead of the pet care retailer’s earnings report being handed down before the stock market opens on Wednesday, November 29.
The analysts wrote that Petco’s results would likely feature stable consumable sales but there remained several unknowns.
Victoria's Secret & Co. (NYSE:VSCO)'s upcoming third quarter results present a balanced risk-to-reward ratio for investors, analysts at UBS believe.
The intimate apparel retailer is set to report its 3Q earnings after the stock market closes on Wednesday, November 29.
Foot Locker, Inc. (NYSE:FL) will report its third-quarter results before the market opens on November 29, and analysts at UBS are calling for a letdown relative to expectations.
The shoe retailer is expected to report earnings of $0.23 per share on revenue of $1.97 billion, compared to $1.27 per share on revenue of $2.17 billion.
VinFast Auto Ltd (NASDAQ:VFS) is a global electric vehicle (EV) player in the making with market share gains on the horizon into 2024, according to Wedbush analysts.
In a note to clients, they initiated coverage on VinFast stock with an ‘Outperform’ rating and a $12 per share price target, implying more than 100% upside from current levels.
Dollar Tree, Inc. (NASDAQ:DLTR)'s third quarter earnings report should help the chain of dollar stores re-establish some credibility with the market and support the bull case for the stock, analysts at UBS believe.
The retailer, whose dollar stores include Dollar Tree and Family Dollar, is due to report its financial results on Wednesday, November 29, before the stock market opens.
Zoom Technologies Inc (NASDAQ:ZOOM)'s revenue guidance for the upcoming financial year is at risk as the video conferencing software company’s enterprise bookings continue to slow down, analysts at Wedbush believe.
“When we analyze what enterprise revenue growth could look like based on billings growth this year, we end up with an estimate of low-single digits and hence total revenue growth for the 2025 financial year could also be in the 3% range,” they wrote in a note to clients following the release of Zoom’s third quarter fiscal 2024 financial results after Monday’s closing bell.
Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella’s "poker move for the ages" will see the tech giant absorb former OpenAI CEO Sam Altman, Brockman, and the entire OpenAI for its initial $10 billion investment, Wedbush analysts stated in a note to clients.
"The circus and clown show with the OpenAI board continues to play out as now nearly all of the 700+ OpenAI employees have signed a letter saying they will resign if the four person board does not resign," the analysts wrote.
Investor expectations are high for Nvidia Corporation (NASDAQ:NVDA) heading into the company’s third quarter earnings report due on Tuesday, November 21 after the market close.
Wall Street analysts expect the chipmaker to report an almost 480% year-over-year increase in earnings per share to $3.36.
Deutsche Bank AG (NYSE:DB) has weighed in on UK retail stocks, naming its top picks after it initiated coverage of the sector for the first time.
ASOS PLC (LSE:ASC), B&M European Value Retail SA (LSE:BME) and Marks and Spencer Group PLC (LSE:MKS) are all ‘buys’ as they all have “specific and interesting investment cases”, the German bank revealed.
Louis Vuitton Moet Hennessey is at the frontlines of the luxury sector’s battle against declining sales growth and earnings momentum, according to market analysis published on Tuesday.
The luxury goods sector, which has seen robust growth over the past few years, is expected to face a challenging environment in 2024, with UBS predicting a decrease in organic sales growth (OSG) to around 6%, compared to the 10% growth experienced since 2016.
Shore Capital advises selling AO World PLC (LSE:AO.) shares, despite the online retailer's upgraded profit guidance.
The broker's analysis highlights a 12% year-on-year revenue drop, signalling a worrying decline in market share. This decrease is partly attributed to AO World's SKU rationalisation, which, while nearing completion, has impacted sales.
Vodafone Group PLC (LSE:VOD) has demonstrated a contrasting financial performance in its first half (1H) results, as highlighted in a recent note from Citi.
The company has shown commendable top-line growth, yet this achievement is overshadowed by persistent operational weaknesses. This situation signals potential challenges as the company moves towards the financial year 2025 (FY25), investors were told.
The London Stock Exchange Group PLC (LSE:LSEG) made a splash during last week’s capital markets day with the announcement of a £1 billion share repurchase and subsequent City reactions have been largely positive on the capital markets and data group’s operational performance.
“Almost three years after closing the Refinitiv deal, the new LSEG has improved the assets it bought and achieved decent growth,” remarked Benjamin Goy at Deutsche Bank in a Tuesday research note.
Marks and Spencer Group PLC (LSE:MKS) has been told by the UK High Court that it can appeal what one analyst has described as a "ludicrous" decision by Michael Gove to block the redevelopment of its store on London's Oxford Street.
Plans by the supermarket to knock down and redevelop its Marble Arch store have been in the pipeline for several years and in following the required planning processes considerable costs have built up.
Jefferies has upgraded its price target on Wise PLC (LSE:WISE) while maintaining a cautious hold rating on the FTSE 250-listed cross-border payments company.
Analysts stated that Wise’s “healthy momentum” in net interest income (NII) continues to make up for lower total payment volumes, “while easier comparatives should provide some stabilisation”.