News Archives - Page 7 of 8 - CurrencyNewsWire

ThursdayAug 15, 2024 2:47 pm

CurrencyNewsBreaks – PayPal Holdings Inc. (NASDAQ: PYPL) Upgraded to Outperform by Daiwa Capital Markets

Daiwa Capital Markets has recently shifted its stance on PayPal Holdings (NASDAQ: PYPL), upgrading the stock to Outperform from Neutral. This move indicates a stronger belief in PayPal’s potential to excel within the competitive fintech sector. PayPal, a leading digital payments platform, has been at the forefront of the financial technology revolution, offering a wide range of services that facilitate online payments for consumers and businesses alike. This upgrade by Daiwa Capital Markets suggests that analysts are becoming increasingly optimistic about PayPal’s strategic position and its ability to capitalize on growth opportunities. The upgrade comes at a time when PayPal’s stock…

TuesdayJul 30, 2024 2:24 pm

CurrencyNewsBreaks – PayPal Holdings Inc. (NASDAQ: PYPL) Surpasses Quarterly Earnings Expectations

PayPal Holdings (NASDAQ: PYPL), a leading digital payments platform, recently reported its quarterly earnings, showcasing a performance that exceeded expectations. The company announced earnings of $1.19 per share, surpassing the Zacks Consensus Estimate of $0.96 per share. This marks an improvement from the $1.16 per share reported a year ago, representing an earnings surprise of nearly 24%. PayPal’s ability to consistently outperform consensus EPS estimates over the last four quarters highlights its robust financial health and operational efficiency. For the quarter ending in June 2024, PayPal posted revenues of $7.89 billion, exceeding the Zacks Consensus Estimate by 1.04%. This revenue figure represents…

TuesdayJul 23, 2024 2:15 pm

CurrencyNewsBreaks – PayPal Holdings Inc.’s (NASDAQ: PYPL) Upcoming Earnings Report: A Mixed Forecast

PayPal Holdings (NASDAQ: PYPL) is gearing up for its upcoming earnings report, with Wall Street setting the stage for an interesting outcome. The company, a giant in the digital payments space, competes with other financial technology firms to facilitate online money transfers and payment processing for consumers and businesses worldwide. As the earnings date approaches, expectations are mixed, with analysts predicting a dip in earnings per share (“EPS”) year-over-year but projecting an uptick in revenues for the quarter ending June 2024. The consensus among analysts suggests an EPS of $0.96, which would represent a 17.2% decrease from the previous year. However, revenues are expected…

FridayJul 19, 2024 9:00 am

CurrencyNewsBreaks – The Recent Global Outage: A Cybersecurity Wake-Up Call

The recent global outage, triggered by a software update from cybersecurity firm CrowdStrike Holdings (NASDAQ: CRWD), has had a profound impact on systems worldwide, including airports and stock exchanges. This incident, caused by a defect in a content update for Windows hosts, underscores the critical role cybersecurity firms play in maintaining the digital infrastructure’s integrity. CrowdStrike, a leading player in the cybersecurity space, offers solutions like the Falcon Sensor, part of its Endpoint Detection and Response platform, designed to protect systems from cyber threats. However, this incident has brought to light the challenges even leading cybersecurity firms face in ensuring the…

WednesdayJul 10, 2024 10:30 am

CurrencyNewsBreaks – PayPal Holdings Inc. (NASDAQ: PYPL) Stock Performance and Outlook

PayPal Holdings (NASDAQ: PYPL), a leading digital payments platform, has been experiencing a period of stagnation in its stock performance, contrasting sharply with the broader market’s gains, particularly the S&P 500’s climb to new highs. This stagnation comes despite the company’s reported increase in transaction volume, a key indicator of its operational health and potential for revenue growth. PayPal’s ability to generate significant free cash flow (“FCF”) from this increased transaction activity is a critical factor that could drive its stock performance in the near future. The company’s stock has seen a nearly 3% decline this year and an 11% drop over the past twelve months,…

ThursdayFeb 29, 2024 3:23 pm

CurrencyNewsBreaks – Cboe Canada Collaborates to Launch New AGF ETF Series

Cboe Canada has announced the return of AGF Investments Inc. with the launch of ETF series of AGF Global Real Assets Fund (NEO: AGLR), AGF Total Return Bond Fund (NEO: ATRB) and AGF U.S. Small-Mid Cap Fund (NEO: ASMD) (the “AGF ETF Series”). The three new AGF ETF Series join seven AGF EFTs already listed on Cboe Canada. “We are pleased to partner with AGF Investments once again, as they continue to build out their product shelf and bring new investment mandates and further diversification to the market,” said Erik Sloane, chief revenue officer of Cboe Canada. “It is an honour…

ThursdayFeb 29, 2024 2:31 pm

CurrencyNewsBreaks – HUMBL Inc. (HMBL), Avrio Partner to Drive Suite of Financial Offerings into Global Markets

HUMBL (OTC: HMBL) and Avrio today announced the acquisition of the HUMBL Financial brand, products and services by Avrio. Avrio is the parent of several companies delivering licensed digital financial market infrastructure and services across public, private and digital markets. Arkonis, Avrio’s ATS technology, is designed to be used by the operators of private markets that facilitate the issuance and secondary trading of securities and includes a Quotation Bureau, a Transfer Agent, and a Qualified Matching Engine for LP investors. Partnering with Avrio provides HUMBL Financial with the global market access needed to efficiently execute its strategies and scale rapidly…

ThursdayFeb 22, 2024 11:57 am

CurrencyNewsBreaks – SMX (Security Matters) PLC (NASDAQ: SMX) Closes on $2.9M Public Offering

SMX (Security Matters) (NASDAQ: SMX), a company that integrates chemistry, physics and computer science to give materials memory and create a culture of transparency and trust across multiple industries, has closed on an underwritten public offering. The offering was comprised of 12,124,666 ordinary shares offered at $0.24 per share; the offering included prefunded warrants if the purchase of the shares would cause the beneficial ownership of a purchaser in the offering to exceed 4.99% of the ordinary shares. The value of the offering is an estimated $2.9 million before deducting standard underwriting discounts and offering expenses. EF Hutton LLC acted as…

TuesdayFeb 20, 2024 11:24 am

CurrencyNewsBreaks – Capital One Financial Corp. (NYSE: COF) Acquiring Discover in $35.3 Billion Mega-Deal

Capital One Financial Corp. (NYSE: COF) and Discover Financial Services (NYSE: DFS) have announced a definitive agreement for Capital One to acquire Discover in an all-stock transaction valued at $35.3 billion. This strategic move is expected to create a leading financial services company with enhanced scale, product offerings and customer reach. The combined entity will leverage the strengths of both organizations to drive innovation, enhance customer experiences and deliver greater value to shareholders. According to the press release, the acquisition is subject to customary closing conditions, including regulatory approvals and approval by Discover's shareholders. Both companies' boards of directors have…

ThursdayFeb 15, 2024 11:06 am

CurrencyNewsBreaks – Stronghold Digital Mining Inc. (NASDAQ: SDIG) Charts Path to Sustainable Bitcoin Production with January Update

Stronghold Digital Mining Inc. (NASDAQ: SDIG) mined 192 Bitcoin in January 2024, generating approximately $0.4 million in energy revenue. This represents a 6% decrease from December 2023. The company generated an estimated $8.0 million in revenue during January, primarily driven by a lower hash price and sequential growth in network hash rate. Additionally, Stronghold continues to make progress in its carbon capture initiatives, with test results demonstrating significant carbonation in its Karbolith technology and the erection of a second Karbolith underway. To view the full press release, visit https://ibn.fm/mGzIH About Stronghold Digital Mining Inc. Stronghold is a vertically integrated Bitcoin…

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