에 대한 최신 뉴스 Infosys (NYSE:INFY) 주식

Infosys

Infosys Limited

NASDAQ

Infosys is a leading global IT services provider, with nearly 250,000 employees. Based in Bengaluru, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service.

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이번 주 미국 라스베이거스에서 열린 &#39;HPE 디스커버(Discover) 2024&#39; 이벤트에서 휴렛 팩커드 앤터프라이즈(NYSE:HPE)와 엔비디아는 기업용 인공 지능(AI) 환경 혁신을 목표로 하는 강력한 협업을 공개했다.

엔비디아와 휴렛 팩커드(HPE)가 기업용 AI 시장을 지배하기 위해 협업: JP모건

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Infosys Ltd

INFOSYS ADR REP ORD

Infosys Announces Strategic Collaboration With Sally Beauty To Bring Enterprise-Scale IT Efficiencies From Hyper-Automation

This engagement aims to create a base for Polestar&#39;s development of in-car infotainment, Software and Electrical / Electronics (SW&amp;EE) engineering, user experience (UX), and cloud-powered digital services.
Infosys will establish a global technology hub for Polestar at its development center in Bengaluru,&nbsp;India.&nbsp;

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Infosys Enters Strategic Collaboration With Polestar; Infosys To Establish Global Technology Hub For Polestar At Its Development Center In Bengaluru, India

Infosys ((NSE, BSE, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>), a global leader in nextgeneration digital services and consulting, today announced it is extending its strategic collaboration with Posti, the leading delivery and logistics services provider in Finland, Sweden, and the Baltics. As part of the engagement, Infosys will help Posti enhance customer experience and operational efficiency while continuing to innovate, scale, and grow its IT operations

Infosys, Posti Extend Strategic Collaboration

UK's Community Bank Metro Bank Enters Long-term Collaboration With Infosys To Enhance Some Of Its IT And Support Functions

Erste Group analyst Hans Engel upgrades Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) from Hold to Buy.

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Erste Group Upgrades Infosys to Buy

Infosys Partners With Clearstream To Enhance D7 Platform To Accelerate Time-to-market For Exchange Group's Customers And Improve Profitability

Infosys Partners With Proximus Group To Unlock New Business Opportunities Through AI-Driven And CPaaS Solutions

Infosys Reports Expansion Of Its Collaboration With NVIDIA For AI-powered, Customer-centric Solutions To Drive Innovation For Telcos

Infosys Announced That It Is Collaborating With The Stanford University Institute For Human-centered Artificial Intelligence  To Help Accelerate AI Research Initiatives

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Shares of stocks in the broader tech sector are trading lower as stocks sell off amid concerns over the US economy.

<a href="https://www.infosys.com/" target="_blank">Infosys</a>&nbsp;(NSE: INFY) (BSE: INFY) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>), a global leader in next-generation digital services and consulting, today announced an expanded strategic collaboration with&nbsp;<a href="https://www.servicenow.com/" target="_blank">ServiceNow</a>&nbsp;to provide end-to-end managed services, leveraging AI capabilities of the&nbsp;<a href="https://www.servicenow.com/now-platform.html" target="_blank">Now Platform</a>&nbsp;and the&nbsp;<a href="https://www.infosys.com/services/experience-transformation/service-offerings/enterprise-service-management-cafe.html" target="_blank">Infosys Enterprise Service Management Caf&eacute; (ESM Caf&eacute;)</a>&nbsp;for enterprise business transformation.
<img alt="Infosys_Logo" src="https://mma.prnewswire.com/media/633365/4364085/Infosys_Logo.jpg" />
As part of this engagement, Infosys will aim to accelerate the ServiceNow implementation for enterprises such as&nbsp;<a href="https://www.bankfab.com/en-ae/personal" target="_blank">First Abu Dhabi Bank (FAB)</a>, by almost 30 to&nbsp;40 percent, allowing faster time-to-value &ndash; and also deliver a comprehensive suite of services and solutions. These include licenses, services, and implementation of the Infosys ESM Caf&eacute;, an AI-powered plug-and-play solution, part of&nbsp;<a href="https://www.infosys.com/services/cloud-cobalt.html" target="_blank">Infosys Cobalt</a>,&nbsp;a set of services, solutions and platforms for enterprises to accelerate their cloud journey. The Infosys ESM Caf&eacute; offers more than 70 applications covering various modules and ServiceNow capabilities, including AI and sustainable digital solutions.

Infosys and ServiceNow Team Up to Boost Business Transformation with AI

SoundHound AI (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/soun#NASDAQ">SOUN</a>) shares have jumped 27.3% in the past month, outperforming the Zacks Computer &amp; Technology sector&#39;s decline of 6.4% and the Zacks Computers &ndash; IT Services&#39; growth of 5.2%.
SoundHound AI is benefiting from a strong portfolio, a strong partner base and an expanding clientele. SOUN offers conversational intelligence through independent Voice AI solutions in 25 languages in both cloud-enabled and hardware-embedded devices.
Its prospects benefit from a massive addressable market worth more than $140 billion that includes diverse industries like automotive, restaurants, customer service, entertainment, Smart TVs and Internet of Things (IoT) powered devices.
SoundHound AI had $682 million in cumulative subscriptions and bookings backlog at the end of the first quarter of 2024, up 80% year over year, with an average duration of about seven years. This reflects the strong demand for SOUN&#39;s solutions.
It expects revenues between $65 million and $77 million for 2024. The Zacks Consensus Estimate for SOUN&#39;s 2024 revenues is pegged at $71.01 million, indicating year-over-year growth of 54.8%. The consensus mark for 2024 loss is pegged at 30 cents per share, which has narrowed by three cents over the past 30 days.
<div class="chart_embed">
<h3>SoundHound AI, Inc. Price and Consensus</h3>
<img alt="SoundHound AI, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/78/1722440340.png" style="height:268px; width:620px" title="" />
SoundHound AI, Inc. price-consensus-chart | SoundHound AI, Inc. Quote
SOUN now expects to surpass $100 million in revenues with positive adjusted EBITDA in 2025.&nbsp;
The Zacks Consensus Estimate for SOUN&#39;s 2025 revenues is pegged at $103.91 million, indicating year-over-year growth of 46.3%. The consensus mark for 2025 loss is pegged at 18 cents per share, narrower by four cents over the past 30 days.
</div>
<h3>SOUN Stock Beats Sector YTD</h3>
Year to date, SOUN shares have surged 133.5% year to date, outperforming the broader Zacks Computer &amp; Technology sector&#39;s return of 16.5% and the Zacks IT Services industry&#39;s gain of 0.9%.
SoundHound AI has also outperformed industry peers like ServiceNow (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/now#NYSE">NOW</a>), Infosys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/infy#NYSE">INFY</a>) and Vertiv (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vrt#NYSE">VRT</a>) over the same timeframe. NOW, INFY and VRT shares have gained 13.1%, 23% and 52.1%, respectively.
<h3>YTD Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/da/73002.jpg?v=1593080560" />
Image Source: Zacks Investment Research
However, SOUN stock is not so cheap, as the Value Style Score of F suggests a stretched valuation at this moment.
In terms of the forward 12-month Price/Sales ratio, SoundHound AI is trading at 18.14X, higher than its median of 8.85X and the Zacks Computer &amp; Technology sector&#39;s 6.18X.
<h3>Price/Sales Ratio (F12M)</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ec/73003.jpg?v=2027136155" />
Image Source: Zacks Investment Research
<h3>SOUN Stock to Benefit From Expanding Footprint</h3>
SoundHound AI&#39;s prospects benefit from its expanding footprint in industries like automotive and restaurants, driven by its innovative portfolio. It has more than 270 patents currently, with over 155 granted and more than 115 pending.
Automotive presents a significant growth opportunity for SOUN. TAM for the global light vehicle auto market is currently pegged at roughly 88 million and is expected to hit 95 million units by 2028.
SOUN has strengthened its footprint in the automotive industry by introducing its advanced SoundHound Chat AI voice assistant, integrated with ChatGPT, into Peugeot, Opel and Vauxhall vehicles across 11 European markets, including Austria, France, Germany, Italy, Spain and the U.K.
SOUN&#39;s collaborations with NVIDIA, ARM, Perplexity, Olo and Oracle are expanding its portfolio. SoundHound AI launched an advanced in-vehicle voice assistant leveraging NVIDIA DRIVE, enabling real-time and generative AI capabilities for seamless, offline access to vehicle intelligence and personalized assistance.
SoundHound AI partnered with Perplexity to enhance SoundHound Chat AI through the integration of the latter&#39;s online Large Language Model capabilities for advanced, real-time voice assistant responses.
TAM for the restaurant market is currently pegged at roughly $3.3 trillion and is expected to hit $4.4 trillion units by 2028, thereby offering significant growth prospects for SoundHound AI.
SOUN partnered with Olo to bring its voice AI technology to approximately 77,000 restaurant locations, enabling high-speed, accurate order processing and enhancing the guest experience. It announced the integration of its Smart Ordering voice AI technology with Oracle MICROS Symphony point-of-sale (POS) for restaurants, enhancing order efficiency and customer experience in the hospitality industry.
SOUN&#39;s acquisition of SYNQ3 bolstered its presence in the restaurant sector, contributing positively to the revenue mix and customer base expansion. The acquisition of SYNQ3 added approximately $3 million to SoundHound&#39;s revenue in the first quarter of 2024.
The acquisition of key assets from Allset, an online ordering platform that connects restaurants with local customers, enhanced its capabilities in Voice AI.
<h3>Conclusion</h3>
SoundHound AI is a risky bet for growth-oriented investors, given the uncharted Voice AI domain. However, its innovative portfolio makes SOUN well-positioned to benefit from the strong TAM of global automotive and restaurant markets.
This Zacks Rank #1 (Strong Buy) stock has a Momentum Style Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology.
<a href="https://www.zacks.com/stock/news/2313384/soundhound-ai-soun-gains-27-in-a-month-should-you-buy?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2313384">To read this article on Zacks.com click here.</a>

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SoundHound AI Gains 27% in a Month: Should You Buy?

- Reuters Citing Tax Authority Doc

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Infosys Liable To Pay Tax Amount Of INR324.03 Billion

The collaboration aims to modernize TDC Net&#39;s IT infrastructure, improve their customer experience, and help them optimize IT and operational service costs.
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Infosys Reveals Collaboration With Danish Digital Infrastructure And Connectivity Provider TDC Net

Infosys Partners With Danish Digital Infrastructure Provider, TDC Net To Boost Digital Transformation

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) stock escalated 18.28% after a report that the company had discussed plans to split its digital streaming and studio businesses <a href="https://www.benzinga.com//node/39838603" target="_blank" rel="noreferrer noopener">from its legacy television networks</a>.</li>
<li>MicroStrategy Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock gained 16.74% last week amid a rise in Bitcoin&#8217;s price.</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares surged 12.91% after the company reported better-than-expected&nbsp;Q3&nbsp;financial results and revised FY24&nbsp;guidance. The company also authorized <a href="https://www.benzinga.com//node/39845136" target="_blank" rel="noreferrer noopener">a new&nbsp;$4 billion&nbsp;share repurchase</a>. Few analysts raised the <a href="https://www.benzinga.com/quote/dhi/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts on the stock</a>.</li>
<li>Coinbase Global Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock gained 12.39% last week, helped by the rise in the price of Bitcoin.</li>
<li>Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OQL#NYSE">OQL</a>) gained 7.89% after Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-16/blue-owl-to-buy-private-credit-firm-atalaya-adding-10-billion-in-assets?sref=2h1zKciy" target="_blank" rel="noreferrer noopener">reported</a> that it plans to Buy Atalaya for ~$800 million.</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) stock increased 7.84% following <a href="https://www.benzinga.com//node/39790051" target="_blank" rel="noreferrer noopener">a&nbsp;Q2&nbsp;earnings beat</a>. Many analysts raised <a href="https://www.benzinga.com//node/39814804" target="_blank" rel="noreferrer noopener">the price forecasts on the stock</a>.</li>
<li>State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) surged 7.21% following <a href="https://www.benzinga.com//node/39795949" target="_blank" rel="noreferrer noopener">better-than-expected&nbsp;Q2&nbsp;financial results</a>. Several analysts changed <a href="https://www.benzinga.com//node/39822388" target="_blank" rel="noreferrer noopener">their price forecasts for the stock</a>.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) shares increased 7.07% in sympathy with other homebuilders stocks.</li>
<li>Toast Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) stock upped 7.05% last week after Mizuho <a href="https://www.benzinga.com/quote/TOST/analyst-ratings" target="_blank" rel="noreferrer noopener">upgraded the stock</a> from Neutral to Outperform and raised its price target from $21 to $33.</li>
<li>EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) shares grew 6.97% after Jefferies analyst upgraded <a href="https://www.benzinga.com/quote/epam/analyst-ratings" target="_blank" rel="noreferrer noopener">the stock from Hold to Buy</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/07/39873577/amd-and-dominos-pizza-were-among-11-worst-performers-in-large-cap-space-last-week-july-14-july-20-">AMD And Domino&#8217;s Pizza Were Among 11 Worst Performers In Large Cap Space Last Week (July 14- July 20) &#8211; Are The Others In Your Portfolio?</a></li>
</ul>
Photo by rafapress on Shutterstock

Warner Bros. Discovery & Coinbase Are Among 10 Large Cap Stocks That  Shined Most Last Week (July 14-July 20): Are The Others In Your Portfolio?

Macquarie analyst Ravi Menon upgrades Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) from Underperform to Neutral.

Macquarie Upgrades Infosys to Neutral

Shares of Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) fell sharply during Thursday's session after the company reported <a href="https://www.benzinga.com/news/earnings/24/07/39834307/dominos-pizza-suspends-1-100-global-net-store-outlook-after-q2-earnings-stock-tumbles">mixed quarterly results.</a>
The company reported second-quarter FY24 sales growth of 7.1% year-on-year to $1.097 billion, missing the analyst consensus estimate of $1.103 billion.
The company is temporarily suspending its guidance metric of 1,100+ global net stores growth until the full effect of DPE's store opens and closures on international net store growth are known.
Domino&#8217;s Pizza shares dipped 11.2% to $420.36 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) climbed 97.6% to $0.2944. On July 15, Onconetix announced closing of warrant exercise for $1.11 million gross proceeds.</li>
<li>Silo Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) jumped 71.6% to $3.86. Silo Pharma said it has entered into a Device and CMC Development Master Plan with Resyca BV, a medical technology provider.</li>
<li>Chuy&#8217;s Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHUY#NASDAQ">CHUY</a>) rose 47.6% to $37.29 after the company and Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) jointly announced that Darden will acquire Chuy's Holdings.</li>
<li>JE Cleantech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCSE#NASDAQ">JCSE</a>) jumped 24.8% to $0.8873.</li>
<li>CommScope Holding Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) gained 19% to $2.0407. Amphenol announced plans to acquire mobile networks businesses from CommScope.</li>
<li>LivePerson, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPSN#NASDAQ">LPSN</a>) gained 18% to $1.1500. LivePerson is expected to release its second quarter financial results after the closing bell on Wednesday, July 31.</li>
<li>Kopin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>) rose 16% to $1.32. Kopin said it has achieved production approval milestone on next generation F-35 OLEDoS Microdisplay.</li>
<li>NKGen Biotech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKGN#NASDAQ">NKGN</a>) surged 15.3% to $1.08 after the company announced it will present new SNK01 biomarker data at the Alzheimer&#8217;s Association International Conference.</li>
<li>ZimVie Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZIMV#NASDAQ">ZIMV</a>) gained 14.7% to $21.74.</li>
<li>Virtu Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) rose 13.2% to $26.61 after the company reported better-than-expected second-quarter financial results.</li>
<li>Acurx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACXP#NASDAQ">ACXP</a>) rose 10.7% to $2.90.</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares rose 10.6% to $174.29 after the company reported better-than-expected third-quarter financial results and revised its FY24 guidance. Also, the company authorized a new $4 billion share repurchase.</li>
<li>Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) gained 8.3% to $17.89.</li>
<li>Infosys Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) rose 7.4% to $22.07 as the company reported first-quarter revenue growth of 2.5% in constant currency terms year-on-year to $4.71 billion, beating the analyst consensus estimate of $4.65 billion.</li>
<li>Ostin Technology Group Co Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares climbed 7.1% to $0.2944.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) gained 6% to $135.83 in sympathy with D.R. Horton, which reported better-than-expected third-quarter financial results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Agenus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGEN#NASDAQ">AGEN</a>) shares fell 52.7% to $8.36 after the company announced the FDA discouraged an accelerated approval pathway at the end-of-Phase 2 meeting.</li>
<li>Leslie&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) fell 30.7% to $2.83 after the company reported preliminary financial results for the third quarter and cut its full-year guidance. Multiple analysts also lowered price targets on the stock Thursday morning.</li>
<li>Alaunos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCRT#NASDAQ">TCRT</a>) fell 26% to $4.57. Alaunos Therapeutics announced a reverse stock split of 1-for-10, effective July 18.</li>
<li>Aptevo Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APVO#NASDAQ">APVO</a>) shares fell 23% to $0.4471 after jumping 76% on Wednesday. On July 1, Aptevo Therapeutics announced the closing of $2.75 million offering.</li>
<li>Aditxt, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTX#NASDAQ">ADTX</a>) shares fell 19.7% to $1.86. Aditxt shares climbed around 46% on Wednesday after the company and Evofem amended and restated their merger agreement.</li>
<li>Locafy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCFY#NASDAQ">LCFY</a>) fell 19% to $5.33.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) fell 17.2% to $2.0850.</li>
<li>Torrid Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) fell 16.7% to $7.16 after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and maintained its $5 price target.</li>
<li>Longeveron Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) declined 16.6% to $3.25. Longeveron announced a $9.0 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Forestar Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) fell 13.9% to $30.99 after the company reported worse-than-expected third-quarter EPS and revenues.</li>
<li>Stardust Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) shares declined 13.3% to $21.22 after jumping around 145% on Wednesday.</li>
<li>Cetus Capital Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETU#NASDAQ">CETU</a>) shares declined 13.2% to $8.60 after surging 80% on Wednesday.</li>
<li>Meiwu Technology Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WNW#NASDAQ">WNW</a>) fell 13.2% to $1.11 after jumping more than 40% on Wednesday.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) fell 12% to $23.55.</li>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) shares fell 12% to $0.80 after jumping around 32% on Wednesday.</li>
<li>Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares fell 9.4% to $6.49 following a report suggesting the company&#8217;s liquidity has weakened and it is engaging bondholders for debt discussions.</li>
<li>4D Molecular Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDMT#NASDAQ">FDMT</a>) declined 8.1% to $16.73. The company announced the presentation of Phase 2 PRISM interim data.</li>
<li>Texas Capital Bancshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) fell 6.2% to $66.17 following downbeat quarterly results.</li>
<li>Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) fell 5.9% to $3.66 after the company reported mixed quarterly financial results.</li>
<li>Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) declined 5.4% to $37.85 as the company reported second-quarter 2024 total operating revenue growth of 2% year-over-year to $2.897 billion, missing the consensus of $2.945 billion.</li>
</ul>
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Intraday Update

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Why Domino's Pizza Shares Are Trading Lower By Over 11%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

U.S. stocks were higher, with the Dow Jones index gaining around 150 points on Thursday.
Shares of Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) rose during Thursday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/39839582/cintas-beats-expectations-with-strong-q4-earnings-sets-ambitious-fy25-revenue-target">quarterly EPS and revenues</a>.
Cintas reported fourth-quarter earnings per share of $3.99, beating the street view of $3.80. The company registered quarterly revenues of $2.471 billion, beating the street view of $2.468 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Cintas shares gained 5.3% to $758.25 on Thursday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Chuy&#8217;s Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHUY#NASDAQ">CHUY</a>) shares gained 47.6% to $37.29 after the company and Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) jointly announced that Darden will acquire Chuy's Holdings.</li>
<li>CommScope Holding Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) jumped 19% to $2.0407. Amphenol announced plans to acquire mobile networks businesses from CommScope.</li>
<li>ZimVie Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZIMV#NASDAQ">ZIMV</a>) shares rose 14.7% to $21.74.</li>
<li>Virtu Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) surged 13.2% to $26.61 after the company reported better-than-expected second-quarter financial results.</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares gained 10.6% to $174.29 after the company reported better-than-expected third-quarter financial results and revised its FY24 guidance. Also, the company authorized a new $4 billion share repurchase.</li>
<li>OPKO Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPK#NASDAQ">OPK</a>) rose 8.5% to $1.54. The company announced a $100 million share repurchase program.</li>
<li>Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) surged 8.3% to $17.89.</li>
<li>Legend Biotech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGN#NASDAQ">LEGN</a>) rose 7.5% to $59.12. HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterated Legend Biotech with a Buy and maintained a $73 price target.</li>
<li>Infosys Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) gained 7.4% to $22.07 as the company reported first-quarter revenue growth of 2.5% in constant currency terms year-on-year to $4.71 billion, beating the analyst consensus estimate of $4.65 billion.</li>
<li>Root, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) rose 7.4% to $85.29. Root is scheduled to host a conference call to discuss financial results for the second quarter on Wednesday, Aug. 7.</li>
<li>Materialise NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) jumped 7.2% to $5.85. Materialise is expected to release financial results for the second quarter on Wednesday, July 31.</li>
<li>BankUnited, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>) gained 6.6% to $36.95 after the company reported better-than-expected quarterly financial results.</li>
<li>Quanta Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) gained 6.5% to $260.95 after the company completed the acquisition of Cupertino Electric.</li>
<li>Meritage Homes Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) rose 6.1% to $201.54.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) rose 6% to $135.83 in sympathy with D.R. Horton, which reported better-than-expected third-quarter financial results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) gained 5.2% to $8.76 after the Financial Times reported that the company has discussed plans to split its digital streaming and studio businesses from its legacy television networks.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) gained 4.4% to $35.97.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39837094/jim-cramer-can-bless-general-dynamics-its-great-not-expensive">Jim Cramer &#8216;Can Bless&#8217; General Dynamics: &#8216;It&#8217;s Great, Not Expensive</a>&#8216;</li>
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CTAS

MTLS

ROOT

Cintas Posts Upbeat Earnings, Joins CommScope Holding, Virtu Financial And Other Big Stocks Moving Higher On Thursday

Infosys Ltd&nbsp;(NYSE:&nbsp;INFY) reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39834317/infosys-stellar-all-round-performance-with-3-6-sequential-revenue-growth-in-cc-1-operating-margin-" rel="noreferrer noopener">first-quarter revenue</a> growth of 2.5% in constant currency terms year-on-year to $4.71 billion, beating the analyst consensus estimate of $4.65 billion. The stock price gained after the print.
Revenues in constant currency terms increased by 3.6%&nbsp;quarter over quarter. EPS of $0.18 is in line with the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">Street analyst estimate</a> and up from $0.17 a year ago.
Infosys&nbsp;said the number of large deal wins was highest ever at 34, with TCV of&nbsp;$4.1 billion,&nbsp;57.6%&nbsp;being net new. The operating margin improved by 30 bps to 21.1%.&nbsp;
Infosys held $1.97 billion in cash and equivalents as of June-end. It generated a free cash flow of $1.09 billion, which grew 56.5% year-over-year at a conversion of 143.2% of net profit.
Jayesh Sanghrajka, CFO, said, &#8220;We had the highest ever FCF generation at&nbsp;$1.1 bn&nbsp;and ROE increased to 33.6% due to higher payouts to investors.&#8221;
FY25 Revenue Outlook: Infosys expects revenue growth of 3.0%-4.0% (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38314474/infosys-stock-falls-after-q4-earnings-whats-going-on" rel="noreferrer noopener">prior 1.0% – 3.0%</a>) in constant currency vs.&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus $19.04 billion</a>. The company reiterated its operating margin outlook of 20% &#8211; 22%.
Price Action: INFY shares traded higher by 4.92% at $21.54 in the premarket on the last check Thursday.
Image: Shutterstock/ IgorGolovniov

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