Ocean Power Technologies Receives Funding for AT&T 5G-Enabled PowerBuoy(R) Deployment in Monterey Bay

Ocean Power Technologies Receives Funding for AT&T 5G-Enabled PowerBuoy(R) Deployment in Monterey Bay 5G at Sea: Innovative Partnership with Naval Postgraduate School Ushers in New Era of Maritime Technology and Connectivity MONROE TOWNSHIP, N.J., Feb. 14, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it has received funding from the Naval Postgraduate School (NPS) in Monterey, California, for the year-long deployment of a PowerBuoy(R) in Monterey Bay. The PowerBuoy(R) , integrating OPT’s Maritime Domain Awareness System (MDAS) along with cutting-edge Satellite communication and AT&T 5G technology, will demonstrate its persistent surveillance and communications capacities in a maritime environment. This deployment marks a significant milestone in maritime technology, showcasing the potential of standalone at-sea infrastructure nodes to support the Joint Force’s diverse operational needs. This project will be

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Intel In Talks With Biden Administration For $10B Subsidy

Intel Corporation (NASDAQ:INTC) is reportedly in discussions with the Biden administration to receive over $10 billion in subsidies. This potential funding marks the largest allocation under a plan to revive semiconductor manufacturing in the United States, Bloomberg reported, citing people familiar with the matter. The award package for Intel is anticipated to comprise of loans and direct grants, the report read. Discussions are ongoing, Bloomberg noted.

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Airbnb (NASDAQ:ABNB) Swings to Q4 2023 Loss Amid Higher Revenue; Issues Q1 2024 Guidance

Airbnb (ABNB) reported late Tuesday that its Q4 swung to a loss of $0.55 per diluted share from earnings of $0.48 a year ago. Analysts surveyed by Capital IQ expected EPS of $0.55. Revenue for the quarter ended Dec. 31 was $2.22 billion, up from $1.90 billion a year earlier. Analysts surveyed by Capital IQ expected $2.16 billion. The company said it expects Q1 revenue of $2.03 billion to $2.07 billion. Analysts surveyed by Capital IQ expect $2.03 billion. Airbnb’s board approved an up to $6 billion share repurchase program.

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Airbnb Fourth-Quarter Revenue Beats Views on Travel Strength

Airbnb’s (ABNB) fourth-quarter revenue surpassed Wall Street’s estimates on the back of strong travel demand, while the vacation rental company said late Tuesday it expects its top line in the first quarter to benefit from the timing of Easter. Revenue increased 17% year over year to $2.22 billion during the three months ended Dec. 31, above the Capital IQ-polled consensus for $2.16 billion. Nights and experiences booked grew 12% to 98.8 million, exceeding the view on Visible Alpha indicating 98.1 million. “Following the volatility that impacted our business in October, we saw an acceleration of nights booked growth throughout the rest of the quarter,” the company said in a shareholder letter. Gross booking value, which includes host earnings, service fees, cleaning fees, and taxes, jumped 15% annually to $15.5 billion. The company swung to a per-share loss of $0.55 in the fourth quarter from earnings of $0.48 per share a

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Airbnb (NASDAQ:ABNB) ‘s 1Q2024 Outlook

Airbnb forecast first-quarter revenue to grow between 12% and 14% year over year, reaching $2.03 billion to $2.07 billion, compared with the Capital IQ-polled consensus for $2.03 billion. It said the revenue outlook will benefit due to the timing of the Easter holiday, at the expense of year-over-year growth in the second quarter. Easter is on March 31. The growth rate of nights booked in the ongoing three-month period is seen moderating sequentially while the annual comparison will be impacted due to strong growth in the first quarter of 2023, the company said.

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Airbnb (NASDAQ:ABNB) Q4 2023 Earnings Conference

The following is a summary of the Airbnb, Inc. (ABNB) Q4 2023 Earnings Call Transcript: Financial Performance: Airbnb’s Q4 2023 reported a revenue of $2.2 billion, representing a growth of 70% year-over-year. The company reported an adjusted net income of $489 million, translating to an adjusted net income margin of 22%. Airbnb’s full-year free cash flow peaked at $3.8 billion. The company bought back $2.25 billion shares during 2023, with an additional share repurchase authorization of up to $6 billion approved. Business Progress: Airbnb’s host community grew to 5 million globally by Q4, with active listings exceeding 7.7 million by the end of 2023, a growth of 18% year-over-year. Aided by the acquisition of GamePlanner.AI, Airbnb is planning major initiatives in developing personalized AI interfaces for its platform. The company achieved strong supply growth with an addition of almost 1.2 million listings in 2023. There is a marked focus on

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CrowdStrike Holdings (NASDAQ:CRWD) Stock Analyst Ratings

CrowdStrike Holdings (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 16.08% Keybanc $318 → $375 Maintains Overweight 02/13/2024 11.44% Cantor Fitzgerald → $360 Reiterates Overweight → Overweight 02/12/2024 11.44% Cantor Fitzgerald $240 → $360 Maintains Overweight 02/02/2024 -25.71% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/31/2024 2.15% JMP Securities → $330 Reiterates Market Outperform → Market Outperform 01/30/2024 2.15% Raymond James → $330 Initiates Coverage On → Outperform 01/29/2024 2.15% JMP Securities $235 → $330 Maintains Market Outperform 01/18/2024 -1.56% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 -10.23% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -25.71% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 -0.94% Citigroup $275 → $320 Maintains Buy 01/09/2024 -5.89% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 -7.13% Oppenheimer $240 → $300 Maintains

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Coca-Cola’s Latest Results Show US Consumers Are Resilient But Picky

The latest earnings reports from Coca Cola Company (NYSE:KO) and Pepsi Co (NASDAQ:PEP) reflected a resilientUS consumer, however with changing habits. As for Coca Cola, its earnings were in line with analyst estimates while sales surpassed analyst expectations. Pepsi Is Facing A Slowdown Across Categories Pepsi reported its North America sales slipped about 3.5% during the last quarter of 2023 as consumers were put off by higher prices. In addition to falling North America sales, global revenues were down 0.5% YoY to $27.85 billion. In response, Pepsi lowered its guidance but remained optimistic about 2024 due to optimizing its portfolio by no longer selling unprofitable brands. Coca Cola’s Fourth Quarter Highlights For the three months ended on December 31st, Coca Cola reported that revenue grew 7% to $10.85 billion, surpassing LSEG’s estimate of $10.68 billion. Fourth quarter net income dropped from $2.03 billion, or 47 cents per share Coca Cola

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Is Airbnb ‘Reinventing’ Itself With AI? 11 Analysts Deep Dive Into Q4 Results, Outlook

Shares of Airbnb Inc (NASDAQ:ABNB) tanked in early trading on Wednesday, after the company reported upbeat revenues for the fourth quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. DA Davidson On Airbnb Analyst Tom White downgraded the rating from Buy to Neutral, while keeping the price target unchanged at $145. Airbnb reported “solid” fourth-quarter results, with “decent” upside to revenues and adjusted EBITDA, White said in a note. “Management’s outlook commentary for 1Q and CY’24 suggests that this year may reflect a more normalized room night growth environment for ABNB however, as well as the potential for some modest Y/Y EBITDA margin compression due to long-term growth investments in areas like deeper International market penetration, marketing, and AI/platform expansion,” the analyst added. Piper Sandler On Airbnb Analyst Thomas Champion reiterated a Neutral rating, while lifting the price target from $136 to $145.

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