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Piper Sandler

Piper Sandler Cos is an investment banking company. Investment banking services include financial advisory services, management of and participation in underwriting, and public finance activities. It generates maximum revenue from Advisory services followed by Equity financing. The company focuses on the following sectors: healthcare; energy; consumer; diversified industrials and services; business services; technology; financial services; agriculture, clean technologies, and renewables, focusing on middle-market clients.

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Financial stocks rally after Trump&#39;s return to White House; investors expect deregulation and tax cuts. Goldman Sachs predicts top picks in sector.

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Mercury Systems Posts Strong Results, Joins ArcBest, Tesla, Kennametal, Qualys And Other Big Stocks Moving Higher On Wednesday

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Deutsche Bank (NYSE: DB) has achieved notable progress in talks with claimants involved in the legal dispute regarding its takeover of Postbank and the compensation paid to former Postbank shareholders. 

Deutsche Bank Settles 60% of Claims Related to Postbank Takeover

Piper Sandler Cos

As of September 30, 2024, Alector has $457.2 million in cash, cash equivalents, and investments, which the company continues to expect will provide runway through 2026. Alector plans to provide guidance for 2025 during its fourth-quarter and full-year earnings conference call.

ALEC

Alector Expects Cash & Equivalents To Provide Runway Through 2026

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Agilent Technologies shares are trading lower after the company provided Q1 and FY25 adjusted EPS and revenue guidance below analyst expectations.

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Central Garden & Pet shares are trading lower after the company reported Q4 sales that missed analyst estimates, despite better-than-expected adjusted EPS.

The term "metaverse" was one of the top trends in 2021 with companies and cryptocurrencies related to the term seeing soaring valuations. While interest in the metaverse has fallen off in recent years, two cryptocurrencies with ties to the metaverse were among the <a href="https://www.benzinga.com/money/top-metaverse-coins">top gainers of the past week.</a>
What Happened: The Sandbox (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sand/usd">SAND</a>) and Decentraland (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/mana/usd">MANA</a>) cryptocurrencies are among the biggest movers of the last week, gaining 107% and 57%, respectively, over the last seven days, which comes as interest in the metaverse <a href="https://www.benzinga.com/news/events/24/11/42172802/nfts-metaverse-derided-rightly-but-experts-see-bright-future-ahead" target="_blank" rel="noopener">could be growing once again.</a>
The two coins are connected to virtual worlds and were high performers in 2021 and 2022 as interest in virtual land and metaverse-related companies and cryptocurrencies soared.
While the prices of the coins are down sharply from all-time highs set in November 2021, the recent gains have the coins hitting new levels not seen in some time.
The Sandbox coin is up 27% over the last day to $0.7294, making it one of the top gainers in the last 24 hours. The coin has traded between $0.2098 and $0.8493 over the last year, with the yearly high recently hit in the past week. The all-time high for the coin is $8.44, set on Nov. 25, 2021.
The Decentraland coin is up 11% over the last day to $0.6532, making it one of the top gainers in the last 24 hours. The coin has traded between $0.2181 and $0.8185 over the last year. Over the past week, it hit new monthly highs of $0.7731. The all-time high for the coin is $5.90, set on Nov. 25, 2021.
Investors who bought the metaverse-related coins in 2021 could have generated a nice profit throughout the year and into 2022. Here's a look at their stake if they held.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41908812/if-you-invested-100-in-dogecoin-when-the-meme-coin-launched-heres-how-much-youd-have-today">If You Invested $100 In Dogecoin When The Meme Coin Launched, Here&#8217;s How Much You&#8217;d Have Today</a>
Investing $1,000 in SAND, MANA: The Sandbox coin&nbsp;<a href="https://coinmarketcap.com/currencies/the-sandbox/" target="_blank" rel="noreferrer noopener">traded&nbsp;</a>at a high of $0.0379 on Jan. 1, 2021. A $1,000 investment in SAND on the first day of the year could have bought 26,385.22 SAND coins.
The $1,000 investment would be worth $19,245.38 today based on a current price of $0.7294, up 1,824.5% since the start of 2021.
The Decentraland coin&nbsp;<a href="https://coinmarketcap.com/currencies/decentraland/" target="_blank" rel="noreferrer noopener">traded&nbsp;</a>at a high of $0.0839 on Jan. 1, 2021. A $1,000 investment in MANA on the first day of the year could have bought 11,918.95 MANA coins.
The $1,000 investment would be worth $7,785.46 today based on a current price of $0.6532, up 678.5% since the start of 2021.
What's Next: The metaverse was a big topic in 2021 with the launch of virtual land from several companies, the launch of the Roundhill Ball Metaverse ETF and <a href="https://www.benzinga.com/general/education/24/10/41163360/if-you-invested-1-000-in-facebook-stock-when-mark-zuckerberg-changed-name-to-meta-heres-how-muc">the announced rebrand</a> of Facebook to Meta Platforms.
Tesla CEO Elon Musk <a href="https://www.benzinga.com/markets/cryptocurrency/21/12/24718726/is-the-metaverse-a-marketing-buzzword-or-multitrillion-dollar-opportunity-elon-musk-cathie">called the metaverse</a> a "marketing buzzword" previously.
Ark Invest CEO Cathie Wood took the other side and said the metaverse was in the early stages of development at the time.
"It's a big idea that will probably infiltrate – just like technology is, anyway – every sector in ways that we cannot even imagine right now," Wood said.
She said the metaverse could be a multitrillion-dollar opportunity, a stark contrast from Musk saying the metaverse is a marketing buzzword.
Fast-forward to today, and skepticism around the metaverse has grown, with some use cases losing their luster and excitement waning in recent years. Yet, metaverse and gaming tokens have recently surged as top crypto gainers, sparking renewed investor interest in the sector&#8217;s potential revival.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42146874/if-you-invested-1000-in-solana-when-sam-bankman-fried-was-arrested-heres-how-much-youd-have-today">If You Invested $1,000 In Solana When Sam Bankman-Fried Was Arrested, Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Photo: Koshiro K/Shutterstock.com

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$MANA

$SAND

If You Invested $1,000 In The Sandbox And Decentraland Coins On Jan. 1, 2021, Here's How Much You'd Have Now

Alector Says It Is Reducing Its Workforce By Approximately 17%, Stopping Long-term Extension Study Based Upon AL002 INVOKE-2 Phase 2 Trial Results

Zoom shares are trading lower following Q3 earnings.

Alector shares are trading lower after the company announced that the INVOKE-2 Phase 2 clinical trial evaluating the safety and efficacy of AL002 in individuals with early Alzheimer's disease failed to meet its primary endpoint.

Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) reported quarterly earnings of $0.75 per share which beat the analyst consensus estimate of $0.72 by 4.17 percent.

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PNNT

Pennant Park Investment FY 2024 GAAP EPS $0.75 Beats $0.72 Estimate

Stock Repurchase Authorization: In November 2024, Zoom's Board of Directors authorized the repurchase of an additional $1.2 billion of Zoom's outstanding Class A common stock. This authorization is in addition to the amount remaining under the prior authorization for the share repurchase program, for a total of approximately $2.0 billion remaining to be repurchased.
Repurchases of Zoom's Class A common stock may be effected, from time to time, either on the open market (including pre-set trading plans), in privately negotiated transactions, and other transactions in accordance with applicable securities laws.
The timing and the amount of any repurchased Class A common stock will be determined by Zoom's management based on its evaluation of market conditions and other factors. The repurchase program will be funded using Zoom's working capital. Any repurchased shares of Class A common stock will be retired. The repurchase program does not obligate Zoom to acquire any particular amount of Class A common stock, and the repurchase program may be suspended or discontinued at any time at Zoom's discretion.

Buybacks

In November 2024, Zoom's Board Of Directors Authorized The Repurchase Of An Additional $1.2B Of Outstanding Class A Common Stock; Authorization Is In Addition To The Amount Remaining Under The Prior Authorization For The Share Repurchase Program, For A Total Of ~$2B Remaining To Be Repurchased

Alector Reports Results From AL002 INVOKE-2 Phase 2 Trial In Individuals With Early Alzheimer's Disease; Says AL002 Failed To Meet Primary Endpoint

Financial Outlook:&nbsp;Zoom is providing the following guidance for its fourth quarter of fiscal year 2025 and its full fiscal year 2025.
<ul>
<li>Fourth Quarter Fiscal Year 2025: Total revenue is expected to be between $1.175 billion and $1.180 billion and revenue in constant currency is expected to be between $1.174 billion and $1.179 billion. Non-GAAP income from operations is expected to be between $443.0 million and $448.0 million. Non-GAAP diluted EPS is expected to be between $1.29 and $1.30 with approximately 315 million weighted average shares outstanding.</li>
<li>Full Fiscal Year 2025: Total revenue is expected to be between $4.656 billion and $4.661 billion and revenue in constant currency is expected to be between $4.661 billion and $4.666 billion. Full fiscal year non-GAAP income from operations is expected to be between $1.813 billion and $1.818 billion. Full fiscal year non-GAAP diluted EPS is expected to be between $5.41 and $5.43 with approximately 315 million weighted average shares outstanding. Full fiscal year free cash flow is expected to be between $1.580 billion and $1.620 billion.</li>
</ul>
The EPS and share count figures do not include the impact from the share repurchase authorization discussed below.
Additional information on Zoom's reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Zoom's results computed in accordance with GAAP.
A supplemental financial presentation and other information can be accessed through Zoom's investor relations website at investors.zoom.us.

Guidance

Zoom Video Communications Sees Q4 EPS $1.29-$1.30 Vs $1.28 Est.; Revenue $1.175B-$1.18B Vs $1.17B Est.; FY25 EPS $5.41-$5.43 Vs $5.35 Est.; Revenue $4.656B-$4.661B Vs $4.64B Est.

Earnings Misses

ENTA

Enanta Pharmaceuticals Sees Q4 2024 Revenue $14.6M Vs $17.9M Estimate; Sees Adj. EPS $-1.36 Vs $-1.16

Agilent Technologies Sees Q1 Adj. EPS $1.25-$1.28 Vs $1.37 Est.; Revenue $1.65B-$1.68B Vs $1.697B Est.

The Company expects to grant the underwriters a 30-day option to purchase up to 2.70 million additional shares of its common stock.
The Company intends to use the net proceeds of this offering together with cash on hand, including from recent sales under the Company's "at the market" offering program, to repay the $478.0 million mortgage loan with a fixed effective interest rate of approximately 9.0% and which is secured by its Washington Square property.

Offerings

Macerich Commences Public Offering Of 18M Shares Of Common Stock

PFLT

PennantPark Floating Rate Capital Ltd. Q4 Core NII Per Share $0.32

CLRO

ClearOne Engages ARC Group To Explore Strategic Alternatives Including Merger, Sale, Or Spin-Off To Maximize Shareholder Value, With Larry Hendricks Declining Re-Election To Board In 2024

Agilent Technologies Sees FY25 Adj. EPS $5.54-$5.61 Vs $5.66B Est.; Revenue $6.79B-$6.87B Vs $6.829B Est.

The approval is based on safety and effectiveness data from an Investigational Device Exemption (IDE) study and non-clinical testing for cementless partial knee replacement.
As part of the U.S. nationwide launch in Q1 2025, Zimmer Biomet will provide FDA-required training, focusing on the cementless surgical technique and proper patient selection.&nbsp;

Zimmer Biomet Reveals FDA Premarket Approval Application Supplement Approval For Oxford Cementless Partial Knee

Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) reported quarterly earnings of $1.38 per share which beat the analyst consensus estimate of $1.31 by 5.34 percent. This is a 6.98 percent increase over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $1.18 billion which beat the analyst consensus estimate of $1.16 billion by 1.16 percent. This is a 3.59 percent increase over sales of $1.14 billion the same period last year.

Zoom Video Comms Q3 Adj $1.38 Beats $1.31 Estimate, Sales $1.18B Beat $1.16B Estimate

Central Garden & Pet Company Sees FY25 Non-GAAP EPS $2.20 Or Better

Nike (NKE) continues to shake-up it executive ranks, announcing a new head of its North America operations, the sneaker company's biggest market. N...

Nike (NYSE:NKE) Names New Head of North America Operations

Piper Sandler: Signs Of PE Returning To Markets

U.S. banks are considering more aggressive cuts to interest payments for corporate depositors as they seek to protect profit margins after the Fede...

U.S. banks consider cuts to interest payments for corporate depositors, FT says

Piper Sandler Non-GAAP EPS of $2.57 misses by $0.10, revenue of $360.9M misses by $7.49M

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: A U.S. judge has blocked the proposed ...

Judge blocks Tapestry-Capri deal, Centene reports Q3 beat: Morning Buzz

JMP Securities analyst Devin Ryan maintained a Hold rating on Piper Sandler (PIPR – Research Report) today. The company's shares closed last Friday...

Piper Sandler (PIPR) Receives a Rating Update from a Top Analyst

Piper Sandler (PIPR) and BC Partners Credit, the $8B credit arm of investment firm BC Partners, announced a strategic alliance. "The alliance, whic...

Piper Sandler, BC Partners Credit announce strategic alliance

Houlihan Lokey: Mid-Market Demonstrates Resilience Again

Lord Abbett Developing Growth Fund Q3 2024 Commentary

Clean energy stocks are facing an uncertain future, but according to one Wall Street analyst, they are still buys. Kashy Harrison of Piper Sandler ...

These Three Clean Energy Stocks Are Still Buys, According to Piper Sandler (NYSE:PIPR)

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Piper Sandler Strengthens Financial Sponsors Group with the Addition of Steve Tipler

Piper Sandler Companies Elects Ann Gallo to Board of Directors

Hormel Foods Elects New Member to its Board of Directors

Piper Sandler Completes 48th Semi-Annual Taking Stock With Teens® Survey

Piper Sandler Companies to Announce Third Quarter 2024 Financial Results and Host a Conference Call on October 25, 2024

Piper Sandler Bolsters Fixed Income Team with the Addition of Brian Vescio

Piper Sandler Companies Reports Third Quarter 2024 Results; Declares Quarterly Dividend of $0.65 Per Share

Piper Sandler Expands Energy Equity Research with the Addition of Derek Podhaizer

Fintech

Piper Sandler and BC Partners Credit Announce Strategic Alliance

Piper Sandler Strengthens Financial Services Group with the Addition of Matt Somma

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Houlihan Lokey, Inc. Class A Common Stock

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UP Fintech Holding Limited - American Depositary Shares representing fifteen Class A Ordinary Shares

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