Company News for Dec 8, 2023
- Ciena Corporation (CIEN) shares rose 1.2% after the company reported fourth-quarter earnings of 75 cents per share, beating the Zacks Consensus Estimate of 68 cents.
- Merck & Co., Inc. (MRK) shares fell 1.7% due to the failure of its immunotherapy combination in a lung cancer study.
- Verint Systems Inc. (VRNT) shares jumped 19% after the company reported third-quarter revenues of $218.5 million, outpacing the Zacks Consensus Estimate of $216.3 million.
- Shares of Oxford Industries, Inc. (OXM) gained 3.9% after the company reported third-quarter 2023 revenues of $326.63 million, surpassing the Zacks Consensus Estimate of $325.7 million.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>Merck & Co., Inc. (MRK) : Free Stock Analysis Report
Ciena Corporation (CIEN) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : Free Stock Analysis Report
Verint Systems Inc. (VRNT) : Free Stock Analysis Report
