Benchmark

Shares of Netflix Inc (NASDAQ: NFLX) rose sharply Tuesday after the market close after the streaming giant reported third-quarter financials that beat analysts’ expectations. The Street is sharing updated thoughts on what’s ahead for Netflix as it works to return to growth and...

Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) hit new 52-week lows on Friday after the company came out with lower third-quarter guidance Thursday after the market close. The company said its third-quarter revenue would hit $5.6 billion, lower than a previous outlook of $6.7 billion....

Fantasy sports and blockchain technology company Sorare is partnering with one more professional sports league. Here’s the latest and what it means for the world of sports and non-fungible tokens. What Happened: Sorare, which touts tennis star Serena Williams as an investor and board member,...

Snap Inc (NYSE: SNAP) shares traded higher by 15% on Wednesday after the social media giant disclosed in a new filing that it will be restructuring its business and laying off 20% of its staff. Snap CEO Evan Spiegel told employees via a memo on Tuesday that the company needs to restructure its...

Video communications company Zoom Video Communications Inc (NASDAQ: ZM) reported earnings per share (EPS) that beat Street estimates and revenue which missed Street estimates on Monday. Analysts sized up the latest quarterly report and the company’s guidance. The Zoom Video Analysts...

Snap Inc (NYSE: SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers. On Thursday, Snap reported a second-quarter adjusted EPS loss of 2 cents, missing analyst estimates of a 1-cent loss. Snap's $1.11 billion in revenue for the...

Seagate Technology Holdings PLC (NASDAQ: STX) reported its quarterly revenue at $2.6 billion, down 13% year-on-year, and non-GAAP profits at $1.59 per share, with both metrics below Street expectations. The company’s projection was $1.90 a share. Rosenblatt Securities On Seagate...

The impact of continued U.S. dollar strength is not reflected either in Netflix Inc’s (NASDAQ: NFLX) guidance for the second quarter or in the Street projections, according to Benchmark. The Netflix Analyst: Matthew Harrigan downgraded Netflix from Hold to Sell while establishing a price...

A company well-known for its soccer non-fungible tokens and gamification is headed to Major League Baseball. What Happened: Major League Baseball and MLB Players Inc announced a partnership with Sorare Thursday to launch the first NFT-based free-to-play game. The game will be released this...

The U.S. Major Soccer League (MLS) has announced a partnership with a leading sports non-fungible token company to expand the brand into this emerging sector. What Happened: MLS announced a partnership with Sorare that will see the launch of new NFTs and a “next generation fantasy game....

EBay Inc (NASDAQ: EBAY) reported broadly in-line results for the fourth quarter, but its gross merchandise value (GMV) guidance for 2022 came in below the consensus. Raymond James On eBay: Analyst Aaron Kessler maintained a Market Perform rating for the stock. The Raymond James analyst said the two...

Streaming platform and original content company Roku Inc (NASDAQ: ROKU) reported fourth-quarter earnings after market close last Thursday. Here's how analysts are reacting and why some are lowering their price targets on the stock.  The Roku Analysts: Bank of America analyst Ruplu...

Ford Motor Company (NYSE: F) reported weaker-than-expected earnings results for its fourth quarter after the closing bell on Thursday. Michael Ward of Benchmark told CNBC that the recent quarter was disappointing for Ford and the company missed on three out of four metrics he was tracking....

General Motors Company (NYSE: GM) reported better-than-expected earnings for its fourth quarter, despite a sales miss due to the persistent chip shortage. The company said it sees FY22 net income of $9.4 billion to $10.8 billion. On CNBC’s "Closing Bell," Michael Ward...

Social networking startup Discord is expected to announce a new funding round that could value the company at $15 billion after turning down acquisition offers from multiple interested parties. What Happened: Dragoneer is expected to lead a $500-million funding round for Discord that values...