Latest news for Coats Gr (OTC:CGGGF) Stock

Coats Gr

Coats Group PLC is a firm manufacturing thread for industrial and consumer use. Its product portfolio includes industrial thread and knitting yarns used in the apparel and footwear industries, zips, trims, composites, and fabrics. The company's customers are grouped into three segments; Apparel which is also the key revenue generating customer segment, Footwear and Performance Materials. Geographically, the company generates a majority of its revenue from China and Hong Kong and the rest from Vietnam, India, United Kingdom and other regions.

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Stocks That Hit 52-Week Lows On Monday

Coats Group PLC

Streaming service provider Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is doubling down on its commitment to Mexico&#8217;s audiovisual industry with a <a target="_blank" href="https://about.netflix.com/en/news/ted-sarandos-keynote-mexicos-presidency-press-conference" rel="noreferrer noopener">new $1 billion investment</a>.
In a statement from Co- CEO Ted Sarandos, the company emphasized its continued commitment to local content production.
The investment, set to take place over the next four years, aims to generate employment opportunities and stimulate audiovisual industry development throughout Mexico, underscoring Netflix&#8217;s enduring partnership with Mexican creatives, having been behind acclaimed projects such as Roma and Pedro Páramo.
In his keynote address at Mexico&#8217;s presidency press conference, Sarandos discussed Netflix&#8217;s long history of working with local talent.
&#8220;This country holds a special place in Netflix&#8217;s own history. It was here, 10 years ago, where we produced our first series outside of the United States called Club de Cuervos. We created it in Mexico for Mexico — and it paved the way for our programming strategy, which is all about local production,&#8221; said Sarandos.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43846469/walmart-q4-earnings-shine-but-soft-fy26-outlook-disappoints-street" rel="noreferrer noopener">Walmart Q4 Earnings Shine, But Soft FY26 Outlook Disappoints Street</a>
Since then, Netflix has earned several Academy Awards for Mexican-produced films, reinforcing its commitment to Mexico&#8217;s thriving creative industry.
Sarandos highlighted that each film and series made in Mexico collaborates with local production companies, providing significant benefits to the national economy.
For example, the production of Pedro Páramo added over 375 million pesos to Mexico&#8217;s GDP, created thousands of jobs, and supported traditional artisan skills.
The company has formed numerous local partnerships, producing hundreds of films and series that engage the community in various ways.
The company plans to collaborate with Churubusco Studios to enhance its facilities.
Price Action: NFLX shares closed lower by 1.80% at $1,024.54 on Thursday.
Read Next:
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</ul>
Image via Shutterstock.

Entertainment

Equities

NFLX

Netflix Bets Big On Mexico: Plans $1B Investment To Supercharge Local Productions

Piper Sandler analyst Clarke Jeffries maintains Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Overweight and raises the price target from $249 to $262.

Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on Wix.com, Raises Price Target to $262

Rosenblatt analyst Steve Frankel maintains Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) with a Buy and maintains $15 price target.

UEIC

Rosenblatt Maintains Buy on Universal Electronics, Maintains $15 Price Target

UNH: -8% &#x7C; <a href="https://www.benzinga.com//node/43878094">Wall Street Journal Reported DOJ Launches Investigation Into UnitedHealth Group's Medicare Billing Practices, Citing Sources</a>
&nbsp;
CELH: 40% &#x7C; <a href="https://www.benzinga.com//node/43867833">Celsius Holdings shares are trading higher after the company announced it will acquire Alani Nu for $1.65 billion.</a>
&nbsp;
NAAS: 105% &#x7C; <a href="https://www.benzinga.com//node/43877006">NaaS Technology Announces $10 Million Share Repurchase Program Effective February 21, 2025, To Last Through February 2026</a>

CELH

NAAS

Market-Moving News for February 21st

Rosenblatt analyst Catharine Trebnick maintains NICE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) with a Buy and lowers the price target from $225 to $200.

NICE

Rosenblatt Maintains Buy on NICE, Lowers Price Target to $200

Needham analyst David Saxon maintains iRhythm Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRTC#NASDAQ">IRTC</a>) with a Buy and raises the price target from $125 to $138.

IRTC

Needham Maintains Buy on iRhythm Technologies, Raises Price Target to $138

TMUS

T-Mobile Launches Essentials First Responder And Essentials Military Plans, Offering Exclusive Connectivity And Savings For Service Members

Rosenblatt analyst Catharine Trebnick maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Buy and lowers the price target from $45 to $40.

Rosenblatt Maintains Buy on RingCentral, Lowers Price Target to $40

ATRO

Astronics Corporation Ordered To Pay $11.9M In Patent Infringement Case With Lufthansa Technik, Final Liability Expected In Q2 2025

Emera (TSX:<a class="ticker" href="https://www.benzinga.com/stock/EMA#TSX">EMA</a>) reported quarterly earnings of $0.84 per share which beat the analyst consensus estimate of $0.77 by 9.09 percent. This is a 33.33 percent increase over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $1.76 billion which missed the analyst consensus estimate of $2.02 billion by 12.72 percent. This is a 10.60 percent decrease over sales of $1.97 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

TSX:EMA

Emera Q4 Adj $0.84 Beats $0.77 Estimate, Sales $1.76B Miss $2.02B Estimate

Needham analyst David Saxon reiterates Globus Medical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMED#NYSE">GMED</a>) from Hold to Hold.

Reiteration

GMED

Needham Reiterates Hold on Globus Medicalto Hold

Rosenblatt analyst Catharine Trebnick maintains Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Buy and raises the price target from $50 to $58.

FIVN

Rosenblatt Maintains Buy on Five9, Raises Price Target to $58

HC Wainwright &amp; Co. analyst Matthew Caufield reiterates Immunic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMUX#NASDAQ">IMUX</a>) with a Buy and maintains $10 price target.

IMUX

HC Wainwright & Co. Reiterates Buy on Immunic, Maintains $10 Price Target

AI startup&nbsp;DeepSeek&nbsp;announced plans to open-source five of its code repositories, a move aimed at fostering transparency and community-driven innovation.
What Happened: On Friday, Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) DeepMind AI rival revealed on X that it will be open-sourcing five of its repositories, sharing its progress with the public. The company stated, &#8220;Starting next week, we&#8217;ll be open-sourcing 5 repos, sharing our small but sincere progress with full transparency.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f680; Day 0: Warming up for <a href="https://twitter.com/hashtag/OpenSourceWeek?src=hash&amp;ref_src=twsrc%5Etfw">#OpenSourceWeek</a>! We&#39;re a tiny team <a href="https://twitter.com/deepseek_ai?ref_src=twsrc%5Etfw">@deepseek_ai</a> exploring AGI. Starting next week, we&#39;ll be open-sourcing 5 repos, sharing our small but sincere progress with full transparency. These humble building blocks in our online service have been documented,…
&mdash; DeepSeek (@deepseek_ai) <a href="https://twitter.com/deepseek_ai/status/1892786555494019098?ref_src=twsrc%5Etfw">February 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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A code repository is a centralized storage space where developers can access, manage, and collaborate on software projects. DeepSeek&#8217;s decision to open-source its code repositories is a testament to its commitment to transparency and community-driven innovation. The company believes that &#8220;every line shared becomes collective&nbsp;momentum that accelerates the journey.&#8221;
SEE ALSO:<a href="https://www.benzinga.com/25/02/43871609/trumps-federal-workforce-downsizing-plan-gets-green-light-from-judge-appeal-by-unions-dismissed"> </a><a href="https://www.benzinga.com/25/02/43871609/trumps-federal-workforce-downsizing-plan-gets-green-light-from-judge-appeal-by-unions-dismissed">Trump&#8217;s Federal Workforce Downsizing Plan Gets Green Light From Judge, Appeal By Unions Dismissed</a>
Why It Matters: Open-sourcing code repositories is a significant move for any tech company, as these repositories often contain key company assets. However, for DeepSeek, the open-source nature of its V3 and R1 models has been instrumental in its recent success. 
The launch of DeepSeek&#8217;s R1 model in January caused the biggest sell-off in AI stocks with Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) seeing an erosion of $593 billion in its market value. 
According to the&nbsp;<a href="https://www.scmp.com/tech/big-tech/article/3299597/ai-start-deepseek-open-source-5-code-repositories-next-week-full-transparency">South China Morning Post</a>, DeepSeek&#8217;s commitment to open-source is not just about transparency, but also about &#8220;garage-energy&#8221; and community-driven innovation. The company&#8217;s approach has resonated with the tech community, contributing to its meteoric rise in recent months.
In another significant development on Thursday, DeepSeek outlined its upcoming development priorities in a new technical study, co-authored by founder and CEO Liang Wenfeng along with 14 others. The study explores &#8220;native sparse attention&#8221; (NSA), a system designed to enhance the efficiency of artificial intelligence (AI) models in processing large volumes of data.
DeepSeek&#8217;s open-source policy is in sharp contrast to OpenAI which has kept its technology closed-source. Notably, ChatGPT&#8217;s popularity hasn&#8217;t faded despite tough competition from DeepSeek. OpenAI&#8217;s Chief Operating officer, Brad Lightcap, told CNBC, that the platform recorded a 33% increase in its user base from December, and has over 400 million weekly active users as of February.
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<li>READ MORE: <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43872745/bitcoin-breaches-98k-ethereum-dogecoin-flat-as-sec-relaxes-crypto-enforcement-top-analysts-are-focused-on-this-level-for-a-potential-btc-upside">Bitcoin Breaches $98K, Ethereum, Dogecoin Flat As SEC Relaxes Crypto Enforcement: Top Analysts Are Focused On This Level For A Potential BTC Upside</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

GOOG

GOOGL

NVDA

China's DeepSeek To Open-Source Key Code Repositories In A Bid For Full Transparency

IONQ

IonQ Announced Completion Of Next-generation Ion Trap Vacuum Package Prototype Intended To Realize Smaller, More Compact, Room Temperature Quantum Systems

Needham analyst Matt Dezort reiterates Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) from Hold to Hold.

AKAM

Needham Reiterates Hold on Akamai Techsto Hold

Rosenblatt analyst Barton Crockett maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy and raises the price target from $146 to $174.

Rosenblatt Maintains Buy on Live Nation Entertainment, Raises Price Target to $174

PTGX

Protagonist Therapeutics Reports Q4 EPS Of $1.98 Compared With $0.44 YoY; Exits Quarter With Cash & Equivalents Worth $559.165M

HC Wainwright &amp; Co. analyst Edward White reiterates Dynavax Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DVAX#NASDAQ">DVAX</a>) with a Buy and maintains $31 price target.

DVAX

HC Wainwright & Co. Reiterates Buy on Dynavax Technologies, Maintains $31 Price Target

The dividend will be paid on March 28, 2025 to stockholders of record as of the close of business on March 14, 2025.

Dividends

Mueller Industries Boosts Quarterly Dividend By 25% From $0.20 To $0.25 Per Share

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Latest news for Coats Gr (OTC:CGGGF) Stock

Monday, August 19, 2019

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