Latest news for Maris Tech (NASDAQ:MTEKW) Stock

Maris Tech Ltd is a provider of remote video, audio, telemetry acquisition, distribution, and sharing solutions and products, using high-end digital video, audio, and wireless communication technologies. It designs, develops, manufactures and commercially sells miniature intelligent video and audio surveillance and communication systems, which are offered as products and solutions for the professional as well as the civilian and home security markets.

Maris Tech Ltd

The company is&nbsp;maintaining Adjusted Free Cash Flow&nbsp;guidance&nbsp;range of&nbsp;$20 million&nbsp;-&nbsp;$25 million&nbsp;for the full year.

News

Guidance

Drilling Tools Cuts FY24 Revenue Guidance From $170M - $185M To $155M - $170M, Est $174.294M

B of A Securities analyst Julien Dumoulin-Smith downgrades American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) from Neutral to Underperform and raises the price target from $96 to $97.

Downgrades

Price Target

Analyst Ratings

B of A Securities Downgrades American Electric Power to Underperform, Raises Price Target to $97

INGR

Ingredion Sees FY24 Adj. EPS $9.70-$10.20

&nbsp;Jonathan Gear, Chief Executive Officer, will step down as CEO and as a member of the Board at that time, and will transition into a non-executive role until&nbsp;November 1, 2024.

Management

CLVT

Clarivate Appoints Matti Shem Tov As Its Next CEO, Effective August 9, 2024;  Jonathan Gear To Step Down As CEO And Member Of Board

Earnings

NSPR

InspireMD Q2 2024 GAAP EPS $(0.22) Misses $(0.20) Estimate, Sales $1.739M Miss $1.740M Estimate

AVNT

Avient Corporation Raised FY24 Adjusted EPS To $2.55-$2.70 (From $2.50-$2.65) Vs. $2.61 Estimate

Needham analyst Gil Blum reiterates Rocket Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKT#NASDAQ">RCKT</a>) with a Buy and maintains $52 price target.

Reiteration

RCKT

Needham Reiterates Buy on Rocket Pharmaceuticals, Maintains $52 Price Target

WIIM

LCID

Lucid Group shares are trading higher after the company reported better-than-expected Q2 sales and announced a $1.5 billion commitment from the Public Investment Fund.

Financial&nbsp;Outlook
The Company is updating its full year 2024&nbsp;guidance&nbsp;to reflect the strategic announcements described above, including the classification of our Digital Banking business as a discontinued operation beginning in the&nbsp;third quarter&nbsp;of fiscal 2024 as a result of the planned divestiture, which results in the removal of Digital Banking results from our&nbsp;outlook&nbsp;and results of operations for the full year and all prior periods, as follows:
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Full Year
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Software Revenue
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$1,000M&nbsp;&ndash;&nbsp;$1,020M
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Services Revenue
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$1,040M&nbsp;&ndash;&nbsp;$1,060M
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Hardware Revenue
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$765M&nbsp;&ndash;&nbsp;$780M
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Total Revenue
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$2,805M&nbsp;&ndash;&nbsp;$2,860M
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Adj. EBITDA (cont. ops.)
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$355M&nbsp;&ndash;&nbsp;$375M
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Adj. EBITDA (%)
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12.6%&nbsp;&ndash;&nbsp;13.1%
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NCR Voyix Cuts FY24 Guidance, Total Revenue $2.805B–$2.860B (Prior $3.60B-$3.70B), Est $3.63B

Teradata shares are trading lower after the company reported mixed Q2 results, with better-than-expected adjusted EPS but a miss on sales. Additionally, Teradata announced a restructuring plan that will reduce its global workforce by approximately 9% to 10%. JMP Securities downgraded the stock from Market Outperform to Market Perform.

Drilling Tools International shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS and sales.

&quot;We continue to expect our full year 2024 financial results to be in the range of our existing&nbsp;outlook,&quot; said&nbsp;Jonathan Collins, Executive Vice President and Chief Financial Officer. &quot;With our strong cash flow, we plan to take a more balanced approach to capital allocation during the second half of 2024.&quot;

Clarivate Reaffirms FY24 Outlook For Revenues Of $2.57B - $2.67B (Est $2.61B), Adjusted EPS $0.70 - $0.80 (Est $0.74)

ATKR

Atkore shares are trading lower after the company reported worse-than-expected Q3 adjusted EPS and sales and lowered its guidance.

Avient Corporation Sees Q3 Adjusted EPS Of $0.62 Vs. $0.60 Estimate

CRWD

CrowdStrike Holdings shares are trading higher after Piper Sandler upgraded the stock from Neutral to Overweight despite cutting its price target from $310 to $290.

Needham analyst Gil Blum maintains CRISPR Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>) with a Buy and lowers the price target from $88 to $84.

CRSP

Needham Maintains Buy on CRISPR Therapeutics, Lowers Price Target to $84

GOLF

Acushnet Reaffirms FY24 Consolidated Net Sales Outlook $2.45B-$2.5B

Acushnet Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLF#NYSE">GOLF</a>) reported quarterly earnings of $1.11 per share which missed the analyst consensus estimate of $1.21 by 8.26 percent. The company reported quarterly sales of $683.900 million which missed the analyst consensus estimate of $709.829 million by 3.65 percent. This is a 0.79 percent decrease over sales of $689.363 million the same period last year.

Earnings Misses

Acushnet Hldgs Q2 2024 GAAP EPS $1.11 Misses $1.21 Estimate, Sales $683.9M Miss $709.829M Estimate

NCR Voyix Q2 Adj EPS $0.09 Misses $0.17 Estimate, Sales $876.00M Miss $886.60M Estimate

TOUR

Tuniu Expects To Generate Q3 Revenues Of RMB183.5M-RMB192.4M, Which Represents A 3%-8% Increase YoY

Maris-Tech engages Emanuel & Associates to further expansion into U.S. defense market

Maris-Tech engages Emanuel & Associates for further expansion into U.S. defense market

Maris-Tech regains compliance with Nasdaq minimum closing bid price rule

Maris-Tech receives $625,000 follow-on order for its Opal platform

Maris-Tech Ltd. (MTEK) Q4 2023 Earnings Call Transcript

Maris-Tech receives an order for $415.8K from an existing defense industry customer

MTEK

MTEKW

Press Releases

Maris-Tech Announces Full Year 2023 Financial Results and a Record Revenue Year

Maris-Tech Announces Collaboration with Global Semiconductor Powerhouse Renesas Electronics Corporation to Advance Edge Computing Solutions and Acceptance into its Preferred Partner Program

Maris-Tech Receives New Order for $415,800 from an Existing Defense Industry Customer

Maris-Tech Receives New Order for Approximately $110,000 From an Existing Customer in the Defense Industry for a Novel Miniature Intelligence-Gathering Product

Maris-Tech to Showcase Its Innovative Solutions at the Special Operations Forces Week

Maris-Tech Receives New Order for $225,000 From a Military Drone Manufacturer for a Unique Solution for Unmanned Aircraft Systems

Maris-Tech Receives Repeat Order for Approximately $957,000 from a Company in the Defense Industry for its Unique Situational Awareness Solution for Armored Vehicles

Maris Tech Collaborates with LightPath for AI-Ready Infrared Cameras

General

Maris-Tech Unveils "Diamond" System - A Revolutionary Defense 360° 3D Situational Awareness Solution for Armored Fighting Vehicles

Maris-Tech Secures a $700,000 Order from a Repeat Customer in the Defense Industry for Innovative AI-Based Video Distribution Solution

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