Latest news for Themes Cybersecurity ETF (NASDAQ:SPAM)

Technology

Other

Consumer Cyclical

Financial Services

To pursue its objective, the Fund employs a passive management (or indexing) investment approach designed to track the performance, before fees and expenses, of Solactive Cyber Security Index, or any successor thereto (the Index). The Index is based on a proprietary methodology developed and maintained by Solactive AG (the Index Provider), which is an organization that is independent of, and unaffiliated with, the Fund and Themes Management Company, LLC, the Funds investment adviser (the Adviser).

Palo Alto Networks Inc.

Crowdstrike Holdings Inc. Class A

Darktrace Plc

Caci International Inc

Zscaler Inc

Booz Allen Hamilton Holding Corp.

Cyberark Software Ltd.

Nextdc Ltd

Varonis Systems Inc

Themes Cybersecurity ETF

FSLY

News

Downgrades

Price Target

Analyst Ratings

Trading Ideas

iShares U.S. Digital Infrastructure and Real Estate ETF

IDGT

SPAM

Analyst downgrades Fastly Inc from Buy to Underperform and lowers price target, citing near-term risks and decelerating growth in largest customers.

Fastly&#39;s Near-Term Risks Include Challenges with Top Customers, Analyst Expresses Concern

The Company plans to report the final analysis from the IGNITE clinical trial, including all patients at 12 months dosed with either 20 mg/kg or 40 mg/kg of iluzanebart in the first half of 2025. &nbsp;

Biotech

Health Care

General

VIGL

Vigil Neuroscience Announced An Update Following A Type C Meeting With The FDA To Its Clinical Development Strategy For Its IGNITE Trial Of Iluzanebart For Adult-onset Leukoencephalopathy With Axonal Spheroids And Pigmented Glia

B of A Securities analyst Tomer Zilberman maintains Motorola Solns (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>) with a Buy and raises the price target from $370 to $440.

B of A Securities Maintains Buy on Motorola Solns, Raises Price Target to $440

B of A Securities analyst Elizabeth Suzuki maintains Leslies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) with a Buy and lowers the price target from $6.4 to $5.15.

LESL

B of A Securities Maintains Buy on Leslies, Lowers Price Target to $5.15

The energy storage solutions will be used for Root-Power&#39;s Coryton Energy Park project, in Corringham, Essex, England. Construction of the project started in late May 2024.

Contracts

CSIQ

Canadian Solar Announced That e-STORAGE, Part Of The Company's Majority-owned Subsidiary CSI Solar, Has Received A Contract For 11 MW AC/22 MWh AC Energy Storage Solutions From Root-power, Part Of The Ylem Group

Wayfair Plans Four Days Of Exclusive Sales For Black Friday In July; Up To 80% Off All Things Home July 26-29

WIIM

FTNT

Fortinet shares are trading higher after TD Cowen upgraded the stock from Hold to Buy.

B of A Securities analyst Heather Balsky maintains Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) with a Buy and raises the price target from $255 to $286.

B of A Securities Maintains Buy on Equifax, Raises Price Target to $286

Commodities

Markets

Sempra Infrastructure, A Subsidiary Of Sempra Announced Port Arthur LNG Phase 2 And Bechtel Energy Have Signed A Fixed-Price Engineering, Procurement And Construction Contract For The Port Arthur LNG Phase 2 Project Under Development In Port Arthur, Texas

BRKR

Bruker Posted Bond In Order To Suspend Injunction That Had Been Impacting Sales Of CosMx Spatial Molecular Imager Products By Its NanoString Business In Germany

MRNS

China National Medical Products Administration Has Approved Marinus Pharmaceuticals' Ganaxolone Oral Suspension For Epileptic Seizures In Patients Two Years Of Age And Older With CDKL5 Deficiency Disorder

Guidance

Hexcel Revised FY24 Outlook: Adj. EPS $2.02-$2.18 (From $2.10-$2.30) Vs. $2.21 Est., Revenue $1.90B-$1.98B (From $1.925B-$2.025B) Vs $1.955B Est.

B of A Securities analyst Kevin Fischbeck downgrades Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) from Buy to Neutral and lowers the price target from $646 to $530.

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

B of A Securities Downgrades Elevance Health to Neutral, Lowers Price Target to $530

SYRA

Siyata Mobile shares are trading higher after the company announced new orders for its SD7 handsets and related accessories valued at more than $4.5 million in aggregate for US wireless carriers.

INFY

Infosys Expects FY25 Revenue Growth of 3%-4% (Prior 1%-3%) in Constant Currency Vs $19.04B Est, Reiterated Operating Margin of 20%-22%

SYTA

Siyata Mobile Says It Expects To Deliver Record Sales In Q3 Ending September 30, 2024; Expects Q3 To Represent Best Sales Quarter In Company History

Dividends

VIRT

Virtu Financial Declared A Quarterly Cash Dividend Of $0.24 Per Share, Which Is Payable On September 15, 2024

AGEN

Agenus Announces End-of-Phase-2 Meeting Outcomes, Announces Topline Interim Phase 2 Data For BOT/BAL; Agreement Reached With FDA On Phase 3 Dose For BOT/BAL Combination

Siyata Mobile Bags New Orders For Its SD7 Handsets And Related Accessories Valued At More Than $4.5M In The Aggregate For US Wireless Carriers

IONS

Ionis Pharmaceuticals Has Completed Enrollment In The Pivotal Trial Of Zilganersen (ION373) For The Treatment Of Children And Adults With A Rare, Progressive Neurological Disorder Known As Alexander Disease. Topline Data Are Anticipated In 2H Of 2025

BMO Capital analyst Michael Zaremski upgrades Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) from Market Perform to Outperform and raises the price target from $190 to $191.

Upgrades

BMO Capital Upgrades Allstate to Outperform, Raises Price Target to $191

New thematic ETF issuer launches funds for airline, cybersecurity and AI sectors

Nasdaq plunges 2.3% and is on pace for its worst trading day of 2024

Nasdaq slips 2.7%, on pace for its worst trading day of 2024

Nasdaq slips 2.7%, on pace for its worst day in 18 months

AIRL

CIBR

CRWD

DLAKF

EJTTF

FTEC

FTXL

HACK

IHAK

IRBO

JETS

MSFT

NVDA

PATH

QQQM

RSPT

RYAAY

SEMI

SOXL

SOXX

SPYG

SQQQ

THNQ

TQQQ

VONG

VRNS

WISE

B of A Securities&nbsp;analyst Tal Liani downgraded&nbsp;Fastly Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) from Buy to Underperform and lowered the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/FSLY/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$18&nbsp;to&nbsp;$8</a>.



On Wednesday, Fastly reported quarterly sales of $133.52 million, up by 13.6% year-on-year, which marginally beat the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38569143/fastly-shares-drop-after-q1-results-weak-revenue-guidance" rel="noreferrer noopener">consensus estimate of $133.1 million</a>. EPS loss of $(0.05) beat the analyst consensus estimate loss of $(0.06). The stock price plunged&nbsp;on Thursday.



Near-term risks outweigh the longer-term positive catalysts, as per Liani.



Decelerating growth in Fastly&#8217;s largest customers, share loss in delivery, and limited visibility in the second half caused the analyst to question a rebound in 2024.&nbsp;



While Liani continues to like Fastly&#8217;s positioning in the edge compute market, he noted it as a 2025 opportunity instead of a near-term growth driver.



The risk factors could prompt further downward revisions to guidance, which, according to the analyst, may keep the stock in check.&nbsp;



The analyst said Fastly is experiencing share loss and pricing pressure within the delivery business, as evidenced by a second-quarter revenue guide of 7.5% growth, compared to Street&#8217;s 14%.



Liani stated that management attributes the expected weakness, which is most prevalent in the top 15 customers, to lower renewal rates not being accompanied by historical traffic increases and the adoption of multi-vendor CDN strategies compared to last year&#8217;s environment of sable pricing and vendor consolidation.&nbsp;



He also flagged that Fastly&#8217;s largest customers, which account for 40% of revenues, typically do not have minimum commits embedded in contracts, further increasing the risk of traffic&nbsp;being diverted&nbsp;to lower cost



providers.



Despite management reducing fiscal 2024 revenue guidance from 15%&nbsp;growth&nbsp;to 11% growth at the midpoint, Liani noted that further downward revisions could occur.&nbsp;



The guide baked in no further share loss among Fastly&#8217;s top customers and continued improvement in new customer acquisition, which&nbsp;could prove too aggressive given current trends and Fastly&#8217;s limited visibility into large customer traffic patterns, which can be volatile in seasonally sensitive quarters, as per Liani.



He remained&nbsp;positive&nbsp;about Fastly&#8217;s positioning in the edge computing market and noted that edge computing will be a&nbsp;key&nbsp;catalyst for the stock beginning in&nbsp;the calendar year&nbsp;2025.&nbsp;



Liani also flagged Fastly&#8217;s expansion within its security portfolio, which should help drive cross-selling, especially as larger enterprise customer contracts come up for renewal.



Investors can gain exposure to Fastly stock via&nbsp;IShares U.S.&nbsp;Digital Infrastructure And Real Estate ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and&nbsp;Themes Cybersecurity&nbsp;ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPAM#NASDAQ">SPAM</a>).



Price Action:&nbsp;FSLY shares traded lower by 34.1% at $8.54 on&nbsp;the last check Thursday.

Fastly's Near-Term Risks Include Challenges with Top Customers, Analyst Expresses Concern

<ul><li>UPRO</li><li>BB</li><li>TSLA</li><li>TQQQ</li><li>SPAM</li><li>QQQ</li><li>XBI</li></ul>Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>&nbsp;

TSLA

UPRO

Top 7 Trending Stocks On WallStreetBets As Of December 21, 2023 (Via Swaggy Stocks)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments

Themes Cybersecurity ETF

News

Latest news for Themes Cybersecurity ETF (NASDAQ:SPAM)

Thursday, May 02, 2024

Thursday, December 21, 2023