Innovator U.S. Equity Ultra Buffer ETF - February (BATS: UFEB)

Latest news for Innovator U.S. Equity Ultra Buffer ETF - February (BATS:UFEB)

The Fund invests at least 80 Percent of its net assets in FLexible EXchange Options (FLEX Options) that reference the SPDR S&P 500 ETF Trust (the Underlying ETF). FLEX Options are exchange-traded options contracts with uniquely customizable terms.

Innovator US Equity Ultra Buffer ETF February

Innovator U.S. Equity Ultra Buffer ETF - February

Morgan Stanley analyst Vincent Andrews maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Overweight and raises the price target from $338 to $375.

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Morgan Stanley Maintains Overweight on Sherwin-Williams, Raises Price Target to $375

Source: <a href="https://www.streetwisereports.com/article/2024/07/19/critical-minerals-co-starts-fieldwork-at-montana-flagship-project.html?utm_medium=feed">Streetwise Reports 07/22/2024</a>
Stillwater Critical Minerals Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/pgezf#OTC">PGEZF</a>) announced it has started 2024 field activities at its flagship Stillwater West project in Montana, including a property-wide airborne electromagnetic geophysical survey.
Expert Geophysics Ltd. will conduct a combined time-domain electromagnetic (EM) survey using their TargetEM26 system along with a magneto-telluric survey using their MobileMTm system at the nickel-platinum group element-copper-cobalt plus gold (Ni-PGE-Cu-Co plus Au) project.
The survey will utilize the newest technological advancements in airborne EM, building on the success of a first-generation DIGHEM airborne EM survey flown over the project in 2000. It will cover about 1,069 line-kilometers and provide higher-resolution and improved depth of investigation from the DIGHEM airborne EM survey, as well as VLF coverage.
It has been designed in collaboration with Glencore International Plc (OTC: <a class="ticker" href="https://www.benzinga.com/stock/glncy#OTC">GLNCY</a>), which holds a 15.4% position in Stillwater and has provided ongoing technical support to the company, to fine-tune priority conductive drill targets across the 12-kilometer main resource area, as well as to assist with prioritization and ranking of additional untested conductive targets across the broader 61-square-kilometer property.
This large-scale geophysical survey is part of a larger program that is expected to include an updated mineral resource estimate that will support the commencement of various studies relating to potential production scenarios&quot; Stillwater President and Chief Executive Officer Michael Rowley said. &quot;These objectives will be important milestones in preparation for continued resource expansion drilling across the 12-kilometer deposit area, as well as in developing target areas.&quot;
<h2>Airborne Surveys to Give Important Info</h2>
Rowley said Stillwater is also pursuing a number of other studies and initiatives with strategic partners such as Cornell University and various U.S. government agencies.
The technical committee that includes Glencore is focusing on the expansion potential of the lower Stillwater Igneous Complex, the company said. The addition of Glencore&#39;s vice president of business development to Stillwater&#39;s board of directors in June confirmed this focus on expansion potential.
Detailed geological and structural interpretive work during the past two years added significantly to Stillwater&#39;s understanding of the large Platreef-style mineralized system discovered within the footwall contact zone of the project complex, Vice President Exploration Dr. Danie Grobler said.
&quot;Our geological models now display strong geological control and continuity on mineralized zones&quot; Grobler said. &quot;The planned airborne surveys will provide important high-resolution data sets to refine targeting of high-grade nickel-copper-PGE sulphide-hosted mineralization within the multikilometer-scale geophysical anomalies that we see across the 32-kilometer-long mineralized system.&quot;
<h2>Parallels With Massive South Africa Complex</h2>
In June, the company reported the final drill results from resource expansion drilling at the project, including six holes totaling 2,310 meters that were focused on expanding resources at the west end of the current deposits, which span nine kilometers.
All six holes targeted and successfully intercepted magmatic nickel and copper sulfide mineralization with significant PGE mineralization, furthering known parallels with the Bushveld Igneous Complex, the largest layered igneous intrusion in the Earth&#39;s crust in South Africa.
&quot;Our drill campaigns have successfully leveraged a substantial historic database to arrive at a total of approximately 40,000 meters of drilling in 236 holes to date&quot; said Rowley at the time. &quot;That wealth of data, combined with Glencore&#39;s backing and in-house expertise from similar geology in South Africa&#39;s Bushveld Igneous Complex, has positioned us exceptionally well with the largest nickel resource in an active American mining district at a time when the U.S. is looking to onshore supply chains of nine of the commodities we have inventoried.&quot;
Stillwater noted that drilling also successfully intercepted N-series mineralization in structures that are not known in the Bushveld Igneous Complex but have now been modeled in a series of eight north-south trending structures at Stillwater West.
The company said those results demonstrated significant potential to expand the 2023 Mineral Resource Estimate (MRE) for the project. All deposits and mineralization remain open for expansion in planned follow-up drilling.
<h2>The Catalyst: Powering the Green Energy Transition</h2>
According to a report by CarbonCredits.com, a rapid expansion in Indonesia&#39;s nickel industry has led to oversupply, causing price declines from highs in 2022 and 2023. However, it noted the long-term outlook for the metal remained positive and that &quot;market analysts also share the same sentiment.&quot;
The nickel market is expected to grow by a compound annual growth rate (CAGR) of more than 4.8% from 2024 to 2029, according to Mordor Intelligence. The market was valued at more than 2.1 million tons in 2021, analysts said.
The driving force over the medium term will be the demand for nickel in stainless steel alloys, Mordor noted, as well as for automobile batteries and energy storage systems in wind turbines or solar panels needed for the energy transition.
An article from Stockhead on May 13 noted how Sprott&#39;s Steve Schoffstall spoke highly about nickel potential.
&quot;In our view, nickel miners are poised to offer investment attractive opportunities to investors&quot; Schoffstall said. &quot;Although nickel prices declined in 2023 on the back of softer Chinese EV sales and a flood of supply from Indonesia, the metal has been rebounding thus far in 2024 and benefiting the prospects of mining companies.&quot;
Schoffstall added, &quot;The rise in nickel prices seems to be a combination of investor sentiment, potential supply constraints, and the underlying long-term demand for nickel in the clean energy transition.&quot;
Geopolitics are also important to consider, especially given Chinese dominance in nickel markets via the mines and processing operations in Indonesia, Rowley told Streetwise Reports, adding that BHP&#39;s recent decision to suspend production at their giant Nickel West operations in Western Australia is evidence that China&#39;s strategy to squeeze out western miners is working.
&quot;For this reason, Stillwater highlights the importance of having the largest nickel resource in an active U.S. mining district&quot; he said.
According to Straits Research, Platinum Group Metals (PGM) are utilized in various products, including oxygen sensors, fuel cells, auto catalysts, jewelry, electronic parts, and medical equipment, among other things.
The global market for PGE was US$15.7 million in 2021 and is projected to reach US$21.8 million by 2030, growing at a compound annual growth rate (CAGR) of 4.44% from 2022 to 2030, researchers said.
Copper and cobalt are also needed for the energy transition for use in wires and batteries and other important products.
<h2>Ownership and Share Structure</h2>
Management and insiders own approximately 20% of Stillwater, according to the company.
Executive Chairman and Director Gregory Shawn Johnson owns 2.86%, President and CEO Michael Victor Rowley owns 2.56%, Independent Director Gregor John Hamilton owns 1.65%, Independent Director Gordon L. Toll owns 0.44%, and Vice President of Exploration Daniel F. Grobler owns 0.23%, according to Reuters.
Institutions own approximately 25% of the company, high net-worth investors own about 37%, and Glencore Canada Corp. owns 15.4%. About 18% of the company&#39;s shares are in retail, Stillwater said.
There are about 227 million shares outstanding with 174.5 million free float traded shares, while the company has a market cap of CA$36.33 million and trades in a 52-week range of CA$0.13 and CA$0.22.
Important Disclosures:
<ol>
<li>Stillwater Critical Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Stillwater Critical Minerals Corp.</li>
<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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PGEZF

Critical Minerals Co. Starts Fieldwork at Montana Flagship Project

Morgan Stanley analyst Pamela Kaufman maintains Crown Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) with a Equal-Weight and raises the price target from $89 to $92.

Morgan Stanley Maintains Equal-Weight on Crown Holdings, Raises Price Target to $92

Barclays analyst Michael Leithead maintains Crown Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) with a Overweight and raises the price target from $95 to $100.

Barclays Maintains Overweight on Crown Holdings, Raises Price Target to $100

Rogers Communication, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCI#NYSE">RCI</a>) reported second-quarter revenues of C$5.093 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39927656/rogers-communications-reports-second-quarter-2024-results" rel="noreferrer noopener">missing the consensus of C$5.105 billion</a>.
Consolidated adjusted EBITDA increased by 6% this quarter, and the adjusted EBITDA <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">margin increased by 230 basis points</a>.
Rogers&#8217; combined mobile phone and internet net additions totaled 188,000 in the second quarter and 275,000 for the year to date.
The company&#8217;s quarterly postpaid mobile phone net additions were 112,000, prepaid net additions were 50,000, and retail Internet net additions were 26,000.
Rogers said it has added 1.7 million mobile phone and Internet net additions over the past ten quarters.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39928846/us-stocks-could-open-sharply-lower-as-tesla-alphabet-earnings-offer-no-cheer-analyst-says-this-bode" rel="noreferrer noopener">US Stocks Could Open Sharply Lower As Tesla, Alphabet Earnings Offer No Cheer: Analyst Says This Bodes Well For Small-Caps, &#8216;Only Takes A Small Spark To Ignite A Powerful Move&#8217;</a>
As of June&nbsp;30, the firm had C$4.3 billion of available liquidity, consisting of C$0.45 billion in cash and cash equivalents and C$3.85 billion available under bank and other credit facilities.
Wireless service revenue increased by 4% this quarter, primarily as a result of the cumulative impact of growth in its mobile phone subscriber base over the past year.
Wireless equipment revenue decreased by 5%, primarily as a result of fewer device upgrades by existing customers.
Total Cable revenue and Cable service revenue decreased by 2% and 3%, respectively, this quarter as a result of continued competitive promotional activity and declines in Home Phone and Satellite subscriber bases. Media revenue increased by 7% this quarter.
The company reported adjusted earnings per share of <a href="https://www.benzinga.com/earnings">C$1.16, in line with the street view.</a>
Rogers declared a dividend of C$0.50 per share. The declared quarterly dividend will be paid on October 3, 2024, to shareholders of record on September 9, 2024.
Outlook: Rogers <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">reaffirmed the 2024 outlook</a>. The company sees total service revenue growth of 8% to 10%, adjusted EBITDA growth of 12% to 15%, capital expenditures of C$3.8 billion to C$4.0 billion, and free cash flow of C$2.9 billion to C$3.1 billion.
Price Action: RCI shares are trading lower by 0.25% to $37.49 at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39929250/whats-going-on-with-chinese-ev-maker-nio-shares-on-wednesday" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Chinese EV Maker NIO Shares On Wednesday?</a></li>
</ul>

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General

Rogers Communication Navigates Mixed Q2: Subscriber Additions Clash with Revenue Miss

The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) stock is trading lower Wednesday. The technology company, among other companies in the ad tech industry, may be reacting to Google&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) decision to <a href="https://www.benzinga.com/government/24/07/39916932/google-backtracks-on-third-party-cookie-policy-sparks-gains-in-ad-tech-and-publisher-stocks">keep third-party cookies</a>.
What To Know: In 2020, Google initially stated it would stop using third-party cookies by early 2022, as soon as it could launch a new solution to address the needs of users and advertisers, according to <a href="https://www.cnbc.com/2024/07/22/google-cancels-plans-to-kill-off-cookies-for-advertisers.html">CNBC</a>.
In order to find a solution, Google launched the Privacy Sandbox initiative. A part of the Privacy Sandbox initiative was to place users into, &#8220;Federated Learning of Cohorts&#8221; which would group users based on browsing behavior. This would mean that only cohort IDs would be used to target them compared to individual user IDs.
Then, Google pushed back the timeline to cancel third-party cookies in 2021 and in 2022. <a href="https://privacysandbox.com/news/privacy-sandbox-update/">In a blog post</a> on Monday, Google announced its decision to keep third-party cookies after receiving feedback from a variety of agencies, advertisers and publishers.
&#8220;Early testing from ad tech companies, including Google, has indicated that the Privacy Sandbox APIs have the potential to achieve these outcomes. And we expect that overall performance using Privacy Sandbox APIs will improve over time as industry adoption increases,&#8221; said Anthony Chavez, vice president of the Privacy Sandbox at Google. 
&#8220;At the same time, we recognize this transition requires significant work by many participants and will have an impact on publishers, advertisers, and everyone involved in online advertising.&#8221;
The vice president then explained Google&#8217;s new approach to keep third-party cookies but allow users to, &#8220;make an informed choice that applies across their web browsing.&#8221;
Related Link: <a href="https://www.benzinga.com/markets/equities/24/07/39935910/microsoft-lumen-collaborate-on-ai-driven-datacenter-expansion">Microsoft, Lumen Collaborate On AI-Driven Datacenter Expansion</a>
TTD Price Action: At the time of publication, The Trade Desk stock is down 8.49% at $92.33, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Song_about_summer/Shutterstock

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GOOG

What's Going On With The Trade Desk Shares Wednesday?

RBC Capital analyst Walter Spracklin maintains Canadian National Railway (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CNR#TSX">CNR</a>) with a Sector Perform and lowers the price target from C$172 to C$169.

TSX:CNR

RBC Capital Maintains Sector Perform on Canadian National Railway, Lowers Price Target to C$169

Barclays analyst Brandon Oglenski maintains Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) with a Equal-Weight and lowers the price target from $128 to $120.

Barclays Maintains Equal-Weight on Canadian National Railway, Lowers Price Target to $120

GOOGL

Google Announces Expanded Availability Of Partner Companion To Google Cloud Services Partners

Sangamo Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>), which developed a treatment in collaboration with Pfizer Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), received a boost to its stock price after <a href="https://www.benzinga.com/general/biotech/23/04/32049357/soon-after-novartis-biogen-walked-away-from-neurology-drug-partnerships-sangamo-announces-major-r" target="_blank" rel="noreferrer noopener">struggling with liquidity issues</a>.
At last check Wednesday, Sangamo was up more than 36.2%, trading at 55 cents per share.
Both companies released results from the Phase 3 AFFINE study of giroctocogene fitelparvovec, an investigational gene therapy for adult patients with moderately <a href="https://www.benzinga.com/pressreleases/24/07/b39927194/pfizer-announces-positive-topline-results-from-phase-3-study-of-hemophilia-a-gene-therapy-candidat" target="_blank" rel="noreferrer noopener">severe to severe hemophilia A</a>.
The AFFINE study achieved its primary objective.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/05/38708473/second-death-pfizer-reports-young-boys-death-after-one-year-of-gene-therapy-treatment-in-muscle-w" rel="noreferrer noopener">Second Death &#8211; Pfizer Reports Young Boy&#8217;s Death After One Year Of Gene Therapy Treatment In Muscle Wasting Disorder Trial</a>.
Following a single 3e13 vg/kg dose, the gene therapy demonstrated a statistically significant reduction in mean total ABR compared to the pre-infusion period (1.24 vs 4.73).
Key secondary endpoints were met and demonstrated superiority <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39927509/sangamo-therapeutics-reports-on-pfizers-announcement-of-positive-topline-results-from-phase-3-tria" rel="noreferrer noopener">compared to prophylaxis</a>.
About 84% of participants maintained FVIII activity greater than 5% at 15 months post-infusion, with the majority of participants having FVIII activity greater than or equal to 15%. 
The mean treated ABR showed a statistically significant 98.3% reduction from 4.08 in the pre-infusion period to 0.07 post-infusion (from Week 12 up to at least 15 months [15-44 months]).
Among all dosed participants, one participant (1.3%) returned to prophylaxis post-infusion.
In the AFFINE study, giroctocogene fitelparvovec was generally well tolerated.
Serious adverse events were reported in 15 patients (20%), including 13 events reported by 10 (13.3%) assessed as related to treatment. Treatment-related adverse events were generally resolved in response to clinical management.
Clinical study participants will be evaluated in AFFINE over five years and up to 15 years as part of a long-term follow-up study.
In April, the FDA approved&nbsp;Pfizer&#8217;s Beqvez (fidanacogene&nbsp;elaparvovec) for moderate to <a target="_blank" href="https://www.benzinga.com/general/biotech/24/04/38468053/fda-green-lights-pfizers-gene-therapy-for-rare-bleeding-disorder-hemophilia" rel="noreferrer noopener">severe hemophilia B</a>.
Beqvez is awaiting a decision from the European Medicines Agency following a positive opinion from the EMA&#8217;s Committee for Medicinal Products for Human Use in May 2024.
The FDA put the study of giroctocogene fitelparvovec on hold in November 2021. Pfizer&nbsp;hit pause after some patients experienced blood clotting protein factor VIII activity <a target="_blank" href="https://www.benzinga.com/general/biotech/22/09/28986729/pfizer-resumes-dosing-in-phase-3-hemophilia-gene-therapy-trial-six-months-after-fda-lifts-clinica" rel="noreferrer noopener">greater than 150%</a>.&nbsp;
Price Action: SGMO stock is up 64.5% at 66 cents, and PFE stock is down 0.10% at $29.46 at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/general/biotech/24/07/39730398/pfizer-advances-once-daily-weight-loss-pill-as-it-catches-up-to-tap-the-lucrative-market" target="_blank" rel="noreferrer noopener">Pfizer Advances Once-Daily Weight-Loss Pill As It Catches Up To Tap The Lucrative Market</a>.</li>
</ul>

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SGMO

Sangamo Stock Spikes As Pfizer Partnership Meets Goal In Late-Stage Study

Barclays analyst Jared Shaw maintains Cadence Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CADE#NYSE">CADE</a>) with a Equal-Weight and raises the price target from $30 to $33.

CADE

Barclays Maintains Equal-Weight on Cadence Bank, Raises Price Target to $33

B of A Securities analyst George Staphos maintains Crown Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) with a Buy and raises the price target from $98 to $102.

B of A Securities Maintains Buy on Crown Holdings, Raises Price Target to $102

Barclays analyst Jared Shaw maintains Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) with a Equal-Weight and lowers the price target from $15 to $14.

BANC

Barclays Maintains Equal-Weight on Banc of California, Lowers Price Target to $14

Barclays analyst Tim Long maintains Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Underweight and raises the price target from $164 to $187.

AAPL

Barclays Maintains Underweight on Apple, Raises Price Target to $187

<a href="https://developers.google.com/cloud-search/docs/guides/implement-vpc-service-controls#:~:text=VPC%20Service%20Controls%20allows%20you,resources%20inaccessible%20from%20the%20internet.">https://developers.google.com/cloud-search/docs/guides/implement-vpc-service-controls#:~:text=VPC%20Service%20Controls%20allows%20you,resources%20inaccessible%20from%20the%20internet.</a>
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Google Cloud Search supports VPC Service Controls to enhance the security of your data. VPC Service Controls allows you to define a service perimeter around Google Cloud Platform resources to constrain data and help mitigate data exfiltration risks.

'Google Announcing VPC Service Controls With Private IPs To Extend Data Exfiltration Protection'

MSFT

OpenAI Says Introduced Rule-Based Rewards As A Key Component Of OpenAI's Safety Stack To Align Model Behavior With Desired Safe Behavior

Wells Fargo analyst Aaron Rakers maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Equal-Weight and raises the price target from $90 to $120.

Wells Fargo Maintains Equal-Weight on Seagate Tech Hldgs, Raises Price Target to $120

Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) is about to face significant financial repercussions this quarter due to a recent system failure that resulted in thousands of flight cancellations and triggered a <a href="https://www.benzinga.com/news/24/07/39915483/whats-going-on-with-delta-airlines-stock-as-flight-disruptions-continue">federal investigation into the airline&#8217;s response</a>.
Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) reduced its estimates for Delta's third-quarter adjusted earnings by 60 cents per share to $1.37, citing increased operational expenses and potential customer compensation costs, reported <a href="https://www.bloomberg.com/news/articles/2024-07-24/delta-seen-taking-500-million-hit-as-disruptions-start-to-ease?srnd=phx-industries&amp;sref=TBDibEcD">Bloomberg</a>.
Analyst Stephen Trent also cut two profit metrics by approximately $500 million each.
The financial setback adds to Delta&#8217;s woes as flight disruptions start to subside. Delta CEO Ed Bastian stated on Wednesday <a href="https://www.benzinga.com/news/24/07/39915506/delta-air-lines-needs-more-recovery-time-after-crowdstrike-outage-flight-disruptions-to-extend-2-mor">cancellations were expected to be minimal</a>, with normal operations resuming by Thursday.
As of 9:30 a.m. in New York, Delta had canceled 168 flights, the fewest since the disruptions began, according to FlightAware.com.
Conor Cunningham of Melius Research estimated a $350 million impact on operating profit and a potential fine from the Department of Transportation, which is investigating Delta&#8217;s handling of passengers. 
Related Read: <a href="https://www.benzinga.com/markets/equities/24/07/39928770/boeing-resumes-737-max-deliveries-to-china-after-regulatory-delay-report">Boeing Resumes 737 MAX Deliveries To China After Regulatory Delay: Report</a>
The system failure has also damaged Delta&#8217;s reputation for reliable service. Cunningham noted that future bookings might be affected due to the operational issues.
Delta has experienced the most severe impact among U.S. airlines following a Friday outage caused by CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), which <a href="https://www.benzinga.com/news/24/07/39875314/crowdstrike-update-for-microsoft-windows-continues-to-cause-chaos-thousands-of-us-flights-canceled-f">disrupted multiple industries globally</a>.
The outage rendered about 60% of Delta's critical applications, which are based on Microsoft Windows, inoperable.
While other airlines recovered over the weekend, Delta canceled 511 flights on Tuesday, bringing the total to 5,469 cancellations since the breakdown began.
Price Action: DAL shares are trading up 0.046% at $43.63 at last check Wednesday.
Read Next: • <a href="https://www.benzinga.com/news/24/07/39818420/boeings-737-max-crisis-ripple-effects-disrupt-airlines-suppliers">Boeing&#8217;s 737 MAX Crisis Ripple Effects Disrupt Airlines, Suppliers</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Courtesy Delta

Government

Travel

CRWD

Delta Air Lines Faces $500M Financial Hit As IT Outage Causes Thousands Of Cancellations

Wells Fargo analyst Aaron Rakers maintains Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) with a Overweight and raises the price target from $340 to $390.

ANET

Wells Fargo Maintains Overweight on Arista Networks, Raises Price Target to $390

Wells Fargo analyst Christian Wetherbee maintains Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) with a Equal-Weight and lowers the price target from $130 to $125.

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Innovator U.S. Equity Ultra Buffer ETF - February

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