에 대한 최신 뉴스 Tenable Holdings (NASDAQ:TENB) 주식

Tenable Holdings

Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.

Analyst Color

Earnings

Long Ideas

News

Analyst Ratings

Tech

Trading Ideas

AMZN

CHKP

CRWD

CYBR

GOOG

GOOGL

MSFT

PANW

PLTR

TENB

테크 섹터가 곧 시작되는 실적 발표 시즌을 대비하면서 웨드부시 증권의 분석가인 다니엘 아이브스(Daniel Ives)는 낙관적인 전망을 제시했다. 기술주 급락- 매력적인 매수 기회 아이브스는 마이크로소프트(NASDAQ:MSFT), 알파벳(NASDAQ:GOOGL)(NASDAQ:GOOG), 아마존닷컴(NASDAQ:AMZN), 팔란티어 테크놀로지스(NYSE:PLTR) 및 메타 플랫폼(NASDAQ:META)을 포함한 핵심 종목들의 주가가 잠재적으로 15% 상승할 것으로 예상했다.

MS, 알파벳, 아마존, 팔란티어 및 메타가 2024년 15% 상승할 수 있는 이유:  분석가

Tenable Holdings Inc

Sen. <a href="https://www.benzinga.com/personal-finance/24/12/42494409/bernie-sanders-proposes-taxing-income-over-1-billion-at-100-and-urges-its-time-to-make-greedy-billionaires-pay-their-fair-share">Bernie Sanders</a> has sparked conversation on social media with a post tying universal health care to an idea floated by President-elect <a href="https://www.benzinga.com/markets/24/11/41869001/heres-how-trumps-policies-might-shape-the-markets-future">Donald Trump</a>. According to The Associated Press (AP), at a dinner with Canadian Prime Minister Justin Trudeau in November, Trump jokingly suggested that Canada become the 51st state of the United States of America.&nbsp;
In Sanders' post on X, he wrote: "Trump has suggested that Canada become the 51st state in our union. Does that mean we can adopt the Canadian health care system and guarantee health care to all, lower the cost of prescription drugs and spend 50% less per capita on health care? I&#8217;m all for it."
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>
Sanders, a longtime proponent of universal health care, has drawn attention to Canada's single-payer health care model. According to the Canadian Institute for Health Information (CIHI), in 2020, Canada&#8217;s per capita spending on health care was CA$7,507 (USD$5,220), less than half the United States per capita spending of CA$15,275 (USD$10,622). Sanders has frequently criticized the <a href="https://www.benzinga.com/personal-finance/24/12/42491306/is-u-s-health-insurance-failing-the-sickest-and-poorest-new-study-reveals-49-million-americans-lack-proper-health-coverage">U.S. health care system</a> for its high costs and gaps in access.
Trump's comment about Canada becoming the 51st state was made during a meeting with Trudeau at Mar-a-Lago in November. The meeting, which followed Trump&#8217;s threats to impose a 25% tariff on Canadian goods, came at Trudeau's request. According to AP, the meeting was overall positive and covered subjects including trade, border security, fentanyl, defense, Ukraine, NATO, China and pipelines.&nbsp;
See Also: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a>
The notion of Canada becoming a U.S. state has been explored, typically as a thought experiment. Constitutional experts cited by the National Post highlighted the significant political, legal and cultural hurdles such a transition would face. Both nations must agree to monumental changes, including constitutional amendments in the U.S. and Canada relinquishing its sovereignty.
AP also pointed out that Canada is a vital economic partner to the U.S., with 77% of its exports going to American markets. Canada also supplies critical resources, such as energy and minerals, to the U.S., which would make any trade disruption mutually damaging.
Trending: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
While Trump's statehood comment may not have been serious, Sanders' response has reignited debates over health care in the U.S. Many Americans consider Canada's system a model for reducing costs and improving access. However, opponents argue that implementing such a system in the U.S. would be complicated and expensive.
Though the concept of Canada becoming the 51st state remains speculative at best, it has provided a platform for renewed discussion on trade, immigration and health care<a href="https://www.benzinga.com/government/regulations/24/11/41866438/donald-trumps-second-term-could-reshape-us-healthcare-system-with-major-impacts-on-affordable-care-act-and-medicare"> policy</a>. Whether prompted by Sanders&#8217; advocacy for universal health care or Trump's tariff threats, the conversation underscores the interconnectedness of U.S.-Canada relations.
Read Next:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>
</ul>

Bernie Sanders Is 'All For' Canada Becoming The 51st State If The U.S. Will Also Adopt Universal Healthcare

News Corporation ("News Corp" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>, NWSA: ASX: NWS, NWSLV)) announced today that it has entered into a definitive agreement for the sale of Foxtel Group ("Foxtel") to DAZN Group Limited ("DAZN"), a premier global sports streaming platform.
Under the terms of the agreement, shareholder loans in the amount of A$578 million outstanding and owing to News Corp will be repaid in full in cash at closing. Foxtel's current debt will be refinanced at closing and transfer with Foxtel, and News Corp will hold a minority equity interest in DAZN of approximately 6% as well as one seat on its Board of Directors. Telstra Group Ltd ("Telstra") will also sell its minority interest in Foxtel, have its shareholder loans of A$128 million repaid, and take a minority stake in DAZN of approximately 3%. The proposed transaction values Foxtel at an enterprise value of A$3.4 billion, representing more than 7x fiscal 2024 Foxtel EBITDA.

Asset Sales

NWSA

News Corp Announced Agreement To Sell Foxtel To DAZN For Enterprise Value Of A$3.4B

Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) ("FF", "Faraday Future", or "Company"), a California-based technology company specializing in artificial intelligence electric vehicles (AIEV), announced that it has secured approximately $30 million in cash financing commitments. The funds will be used to accelerate the Company's growth and the development of Faraday X (FX), FF's strategy of launching affordable high performance AIEV equipped vehicles with cutting edge technology, filling the U.S. market gap in this segment, and for general corporate purposes.
The $30 million financing commitment includes a pre-funded $7.5 million, which was received in the fourth quarter of this year, and $22.5 million in new cash commitments (the "Financing"), structured in the form of unsecured convertible notes ("Convertible Notes") and warrants to acquire additional shares of the Company's common stock ("Warrants"). The conversion price for the Convertible Notes and exercise price for the Warrants are $1.16 and $1.392 per share, respectively, subject to adjustment as set forth therein. The shares of common stock underlying the Convertible Notes and Warrants issued in the Financing are currently unregistered, subject to trading restrictions, and not immediately tradable. The Financing is subject to customary closing conditions. For additional information regarding the material terms relating to the Financing, please see the Company's Form 8-K to be filed with the SEC on December 23, 2024.

Financing

FFIE

Faraday Future Secured $30M In Cash Financing Commitments For AI Electric Vehicle Development

Reid Hoffman, LinkedIn co-founder and major Democratic donor, has revealed he has faced violent threats and had to hire security following accusations fueled by Elon Musk. 
What Happened: The claims, made by Musk on social media platform X and during interviews, allege a connection between Hoffman and Jeffrey Epstein, the late convicted sex offender.
Hoffman <a href="https://www.thetimes.com/business-money/companies/article/linkedin-founder-reid-hoffman-ive-had-threats-of-violence-since-musk-slanders-nfclq2s0r">told</a> The Sunday Times that Musk&#8217;s comments stemmed from &#8220;convictions with no evidence.&#8221; Musk, the CEO of Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), replied with the &#8220;100&#8221; emoji to an X post suggesting Hoffman had visited Epstein's private island.
Musk also implied during an interview with Tucker Carlson that Hoffman was one of the "billionaires behind Kamala" Harris, fearful of Epstein's client list being released.
"Elon's defamation makes me angry and sad," Hoffman said. "Angry because it is an ugly assault. Sad because it comes from someone whose entrepreneurial achievements I continue to admire." Hoffman declined to share details of the threats but confirmed he had hired security in response.
Also Read: <a href="https://www.benzinga.com/general/entertainment/22/06/27557540/musk-says-he-wants-to-see-epstein-maxwell-client-list-twitterati-cant-stop-trolling-him-3">Musk Asks Why Epstein-Maxwell Client List Hasn&#8217;t Leaked, Responds To Twitter User Who Suggested He Was A Client Himself</a>
Hoffman admitted to a past interaction with Epstein, apologizing in 2019 for inviting him to a 2015 dinner party with tech luminaries, including Musk, Mark Zuckerberg, and Peter Thiel. At the time, Hoffman said he relied on assurances from MIT Media Lab that Epstein's involvement in fundraising had been vetted. 
He later expressed regret, writing to Axios, "By agreeing to participate in any fundraising activity where Epstein was present, I helped to repair his reputation and perpetuate injustice. For this, I am deeply regretful."
Hoffman has denied attending any Epstein-related events, stating, "I went to no Epstein parties. I didn't even know who he was."
The controversy emerges as Musk strengthens ties with President elect Donald Trump, co-chairing DOGE alongside entrepreneur Vivek Ramaswamy. 
Hoffman, a vocal supporter of Vice President Kamala Harris, has used X to oppose Trump's political campaigns, describing them as a "scam."
Read Next
<a href="https://www.benzinga.com/general/social-media/24/11/42152805/elon-musk-agrees-that-people-want-to-see-jeffrey-epstein-files">Elon Musk Agrees That People Want To See Jeffrey Epstein Files</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

TSLA

LinkedIn Cofounder Reid Hoffman Says Musk's Baseless Jeffrey Epstein Claims Forced Him To Hire Security: 'Elon's Defamation Makes Me Angry'

Chechen warlord Ramzan Kadyrov has accused Elon Musk of remotely disabling his Tesla Cybertruck, which Kadyrov claimed was a gift from Musk. The Chechen leader made the allegations in a Telegram post, criticizing <a href="https://www.benzinga.com/news/24/08/40504595/military-expert-calls-russian-president-allys-tesla-cybertruck-super-cool-but-useless-combat-vehicle">Musk's actions as "unmanly."</a>
What Happened: Kadyrov, who has governed Chechnya since 2007, claimed the modified Cybertruck, equipped with a machine gun, was intended for use in the war against Ukraine. "Elon Musk behaved badly. He gives expensive gifts from the heart, and then turns them off remotely," Kadyrov <a href="https://t.me/RKadyrov_95/5103">wrote</a>. He also noted in the post that he had to tow the vehicle after it was disabled. 
While Kadyrov asserted that Musk had personally gifted him the Cybertruck, Musk has categorically denied the claim. The mystery surrounding how Kadyrov obtained the vehicle is heightened by the fact that US sanctions prohibit direct export of the Cybertruck to Chechnya. 
Earlier in August, Kadyrov had publicly showcased the vehicle,<a href="https://www.benzinga.com/news/24/08/40432032/putin-ally-unveils-tesla-cybertruck-with-machine-gun-invites-musk-to-russia"> calling it a "Cyberbeast" and praising its technology</a>.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/02/37195508/putin-pal-elon-musk-fires-back-at-critics-accusing-him-of-supporting-russia" target="_blank" rel="noreferrer noopener">Putin Pal? Elon Musk Fires Back At Critics Accusing Him Of Supporting Russia</a>
Experts have voiced skepticism about the utility of the Cybertruck in combat scenarios. Mark Cancian, a senior advisor with the Center for Strategic and International Studies, said the vehicle would be "totally useless" on the battlefield due to its weight and charging requirements. 
Despite Kadyrov's assertions of the truck's combat readiness, analysts doubt its practicality in war zones.
This incident highlights broader concerns regarding Tesla's vehicle security and the potential misuse of its products in conflict areas. 
The ability to remotely disable vehicles could raise questions about the implications for international security and Tesla's reputation as a global brand.
Read Next
<a href="https://www.benzinga.com/news/24/08/40429944/elon-musks-controversial-civil-war-prophecy-is-europe-on-the-edge" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Controversial Civil War Prophecy: Is Europe On The Edge?</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Putin Ally Claims Elon Musk 'Remotely Disabled' His Militarized Cybertruck Armed With Machine Gun: 'He Gives Expensive Gifts From Heart, And Then Turns Them Off'

Jeff Bezos, billionaire founder of Amazon, is reportedly set to marry his fiancée, Lauren Sanchez, next Saturday in a $600 million Winter Wonderland-themed <a href="https://www.benzinga.com/news/24/01/36631415/this-amazon-applicants-interview-answer-earned-her-a-seat-3-feet-away-from-amazons-bezos">wedding in Aspen, Colorado</a>.
What Happened: According to a report, the lavish celebration follows a private engagement dinner at Matsuhisa, a high-end sushi restaurant the couple reportedly bought out for two days ahead of their nuptials.
The extravagant event is expected to feature festive decor, twinkling lights, and holiday charm. The guest list for the star-studded wedding is rumored to include high-profile names like Bill Gates, Leonardo DiCaprio and Queen Rania of Jordan, who joined the couple for their engagement celebrations in Positano, Italy, earlier this year.
As per the report <a href="https://www.dailymail.co.uk/news/article-14217859/Jeff-Bezos-Lauren-Sanchez-wedding-plan-Aspen-date-is.html">by</a> The Daily Mail, Bezos, 60, and Sanchez, 54, became engaged in May 2023 aboard Bezos' mega-yacht. The billionaire proposed with a cushion-cut pink diamond ring estimated to be worth $2.5 million.
While the pair have not publicly confirmed their wedding date, the report signals a high-profile event reflective of their luxurious lifestyle.
Also Read: <a href="https://www.benzinga.com/news/24/12/42380748/heres-how-jeff-bezos-three-simple-steps-made-amazon-a-giant">Here&#8217;s How Jeff Bezos&#8217; Three Simple Steps Made Amazon a Giant</a>
The couple first went public with their relationship in 2019, shortly after Bezos announced his divorce from MacKenzie Scott. 
Sanchez, a former broadcast journalist, shares three children from previous relationships, including two with Hollywood talent mogul Patrick Whitesell and one with former NFL player Tony Gonzalez. Bezos shares three children with his ex-wife Scott.
News of the wedding comes as Amazon workers continue to strike across four states, marking the third consecutive day of demonstrations. 
Employees are protesting workplace conditions, a move that adds an interesting juxtaposition to Bezos' high-profile personal milestone.
Read Next
<a href="https://www.benzinga.com/news/24/10/41196792/jeff-bezos-swears-by-this-one-hour-rule-for-success-now-neuroscience-backs-it-up">Jeff Bezos Swears By This One-Hour Rule For Success — Now Neuroscience Backs It Up</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

Inside Jeff Bezos' $600M Wedding To Lauren Sánchez: Luxe Decor, Stars, And Romance

President-elect Donald Trump has intensified his legal assault on the media, filing multiple lawsuits seeking damages for what <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42571395/trumps-djt-connection-drives-this-lesser-known-crypto-stocks-nearly-3x-surge-in-a-month" target="_blank" rel="noreferrer noopener">he claims are false or misleading reports</a>.
Trump has also leveraged civil anti-fraud laws, aiming to circumvent the typically high legal barriers in defamation cases involving public figures, reports Reuters.
Legal experts believe this broad approach could serve to punish media outlets for critical coverage and force them to face financial consequences.
One of the most high-profile cases involves The Des Moines Register and pollster J. Ann Selzer, filed in Iowa state court.
See Also:<a target="_blank" href="https://www.benzinga.com/24/12/42519107/if-you-invested-1000-in-bitcoin-when-the-first-bitcoin-etf-was-filed-heres-how-much-youd-have-today" rel="noreferrer noopener">&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/12/42560698/microstrategys-aggressive-bitcoin-strategy-raises-eyebrows-in-crypto-community" rel="noreferrer noopener">MicroStrategy's Aggressive Bitcoin Strategy Raises Eyebrows In Crypto Community</a>
The lawsuit stems from a pre-election poll that showed Kamala Harris leading Trump by 3 percentage points in Iowa. Trump, who ultimately won the state by a wide margin, accuses the newspaper and Selzer of "brazen election interference," alleging they manipulated the poll and leaked it to Democratic operatives before publication.
While the Register acknowledged that the poll did not reflect the final election outcome, they stand by their reporting and consider the lawsuit without merit. Trump's legal team is seeking unspecified damages and demands an injunction to prevent deceptive practices related to the poll.
The lawsuit also targets Gannett, the parent company of The Des Moines Register, and accuses it of violating Iowa&#8217;s Consumer Fraud Act.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42545656/bitcoin-is-no-manhattan-real-estate-peter-schiff-challenges-microstrategys-micheal-saylor-btc-doesnt-generate-any-income" target="_blank" rel="noreferrer noopener">Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy's Michael Saylor: ‘BTC Doesn't Generate Any Income'</a></li>
</ul>

Equities

Politics

Markets

General

Trump Continues Court Battle With Media With Lawsuit Against Des Moines Register

Warren Buffett, the iconic investor and chairman of Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), is renowned for his timeless <a href="https://www.benzinga.com/news/24/08/40151169/how-a-holiday-meeting-sparked-a-billion-dollar-friendship-between-bill-gates-warren-buffett">advice on wealth-building</a>.
What Happened: With a net worth of approximately $142 billion, Buffett's strategies resonate deeply with those seeking financial success. Among his key pieces of advice: start investing early, focus on small companies, and don't panic when stocks fluctuate.
During the 1999 annual shareholders' meeting, Buffett <a href="https://buffett.cnbc.com/video/1999/05/03/buffetts-advice-on-making-big-money.html">shared</a> the approach he would take if he were a recent graduate starting out with $10,000 to invest.
Buffett emphasizes the power of compound interest, likening it to rolling a small snowball down a long hill. 
"The trick is to have a very long hill, which means either starting very young or living, to be very old," he said during the shareholders' meeting. Early investing, he argues, allows your money to grow exponentially over time.
For those with limited funds, Buffett recommends focusing on smaller companies, where there's less competition from institutional investors. 
He noted that investing in good businesses, or "buying pieces of them" through stocks at attractive prices, is the key to multiplying wealth. 
Buffett said that if he were starting with $10,000 today, he'd begin by researching companies alphabetically, starting with names that begin with "A."
Also Read: <a href="https://www.benzinga.com/news/24/08/40666605/warren-buffetts-career-advice-dont-think-about-money-take-the-job-that-you-would-take-if-you-didnt-n">Warren Buffett&#8217;s Career Advice: &#8216;Don&#8217;t Think About Money, Take The Job That You Would Take If You Didn&#8217;t Need The Job&#8217;</a>
Buffett also stresses the importance of long-term thinking. "Some people should not own stocks at all because they just get too upset with price fluctuations. If you're gonna do dumb things because your stock goes down, you shouldn't own a stock at all," he <a href="https://www.cnbc.com/2018/12/17/warren-buffett-tips-on-how-to-invest-in-the-stock-market.html">told</a> CNBC in 2018.
Stock prices will inevitably dip at times, but Buffett urges investors to remain patient and focus on the long-term value of their holdings. "Buy something you like, at a price you like, and then hold it for 20 years," he advised.
He further warns against obsessing over daily stock price fluctuations. Comparing stock ownership to real estate, he said, "If you bought a farm or an apartment house, you wouldn't get a quote on it every day or every week." Instead, Buffett recommends treating stocks as long-term investments, ignoring short-term market noise.
Buffett's principles—start early, think long-term, and invest in solid businesses—remain guiding lights for those looking to build lasting wealth.
Read Next
<a href="https://www.benzinga.com/news/23/03/31512478/warren-buffetts-success-mantra-the-amount-you-are-loved-is-the-ultimate-measure-of-success-in-life" target="_blank" rel="noreferrer noopener">Warren Buffett's Success Mantra: ‘The Amount You Are Loved Is The Ultimate Measure Of Success In Life'</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Success Stories

Warren Buffett's Timeless Advice: 'If You're Gonna Do Dumb Things Because Your Stock Goes Down, You Shouldn't Own A Stock At All'

Imagine climbing to the top of Hollywood, making millions and living a life that screams "success" – then walking away from it all to live in a trailer park. It sounds like the plot of a quirky indie film. Still, it's the real-life story of Tom Shadyac, the director behind some of Hollywood's most iconic comedies, including Ace Ventura: Pet Detective and Bruce Almighty.
Shadyac <a href="https://www.benzinga.com/startups/24/12/42468734/nba-legend-shaq-owned-17-auntie-annes-franchises-but-sold-them-after-realizing-black-people-dont-like-pretzels-that-much">didn't just flirt with success</a>; he made a fortune off it. His films have grossed over $2 billion worldwide. He directed blockbusters like The Nutty Professor and Liar Liar, working with megastars like Jim Carrey and Eddie Murphy. Shadyac's net worth was around $50 million at his peak. According to Celebrity Net Worth in 2024, he owned a sprawling 17,000-square-foot mansion, a private jet and enough exotic cars to make Jay Leno jealous. And yet, Shadyac claims, "I was my least successful when I ‘had it all.'"
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones.  <a href="https://www.benzinga.com/money/mode-mobile-2">The deadline to invest and receive your shares this year is 12/20. Join 30,000+ shareholders and invest at $0.26/share today.</a></li>
</ul>
So, what makes a man trade in a mansion for a <a href="https://www.benzinga.com/real-estate/23/12/36364647/shark-tank-star-barbara-corcoran-owns-a-1-million-double-wide-mobile-home-she-calls-her-taj-mahal-wh">1,000-square-foot double-wide</a> in a Malibu trailer park?&nbsp;
Shadyac started in Hollywood as a joke writer for Bob Hope, but his big break came with Ace Ventura: Pet Detective in 1994. The film, made on a modest $15 million budget, grossed over $100 million and turned Jim Carrey into a household name. From there, Shadyac's career skyrocketed.
He directed hit after hit: The Nutty Professor ($273 million worldwide), Liar Liar ($302 million) and Bruce Almighty ($485 million). For Bruce Almighty, Shadyac even negotiated a piece of the back-end profits, raking in over $30 million for that film alone. At the time, Shadyac was living the ultimate Hollywood dream.
But it wasn't long before the dream started feeling more like a trap.
See Also: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
In 2007, Shadyac's life took a dramatic turn. A biking accident left him with a severe concussion and chronic symptoms like migraines and hypersensitivity to light and sound. For months, he was essentially confined to his mansion, his mental health spiraling. He later admitted, "I felt suicidal at points. It was a disaster."
During this dark time, Shadyac had an epiphany. His extravagant lifestyle – private jets, luxury cars, a massive home – felt hollow. The things that were supposed to signify success had become "trappings."
Shadyac decided to give away his fortune in a move that shocked Hollywood. He sold his mansion, his cars and his jet. He then started <a href="https://www.benzinga.com/startups/24/01/36830715/jeff-bezoss-ex-wife-mackenzie-scott-has-given-over-16-billion-to-charity-since-her-divorce-as-jeff-b">donating millions to causes close to his heart</a>, like homelessness, environmental conservation and animal welfare. He even helped fund a homeless shelter in Charlottesville, Virginia and supported St. Jude's Children's Research Hospital.
Trending: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Shadyac moved into a trailer park in Malibu, where his modest home stands in dramatic contrast to the lives of Hollywood's elite. He says the decision was liberating:
"The more I give away, the wealthier I feel. For everything I ‘gave up,' so much more was returned."
Shadyac didn't just change his ZIP code; he changed his entire worldview. In 2011, he directed I Am, a documentary exploring two fundamental questions: "What's wrong with the world?" and "What can we do about it?" The film examines the pursuit of happiness and the consequences of excessive materialism.
He executive-produced Happy, another documentary examining what brings joy across different cultures. These projects reflect Shadyac's belief that life isn't about accumulating wealth but building connections and giving back.
Trending: These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a>
As he puts it:
"No one is ever looking to have a more robust IRA when they are on their deathbed. They are saying, ‘I am so happy that I had the opportunity to love this family, to be a part of something.'"
Shadyac's story reminds us that success isn't just about what you earn; it's about what you give back. While his Hollywood peers chase box office records and six-figure paychecks, Shadyac has found peace in simplicity.
It's easy to dismiss his decision as extreme, but Shadyac sees it differently. To him, living a life centered on giving and purpose is far more fulfilling than jet-setting and luxury cars. "The trappings of fame and fortune are exactly that – a trapping," he says.
From the director's chair to a double-wide in Malibu, Tom Shadyac has proved that happiness isn't about having it all but knowing what truly matters.
Read Next:
<ul>
<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
<li>Groundbreaking trading app with a ‘Buy-Now-Pay-Later' feature for stocks tackles the $644 billion margin lending market –<a href="https://www.benzinga.com/money/wolfpack"> here&#8217;s how to get equity in it with just $100</a></li>
</ul>

'I Was My Least Successful When I Had It All' – Ace Ventura Director Made $50 Million Then Gave It All Away To Live In A Trailer Park

Anthony Scaramucci, founder of SkyBridge Capital, has dismissed concerns surrounding Michael Saylor and MicroStrategy Inc., suggesting fears of a potential collapse due to Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) volatility are exaggerated. 
What Happened: In an interview on Friday, Scaramucci pointed to Saylor's long-term debt strategy as evidence of MicroStrategy's resilience.
"People think if Bitcoin crashes, he is going to implode," Bloomberg quoted Scaramucci <a href="https://www.bloomberg.com/news/articles/2024-12-20/scaramucci-says-concern-over-microstrategy-s-debt-is-overblown?sref=TBDibEcD">saying</a> during the interview. "But if you really study his balance sheet, he has long, long-term debt, and he has rolling long-term debt. You'd have to have a systemic collapse in Bitcoin lasting six or seven years to flash him out." 
MicroStrategy's bold bet on Bitcoin has driven a more than 400% surge in its stock this year, while the company financed purchases with billions in convertible debt.
The company currently has $7.2 billion in outstanding convertible debt, including $6 billion raised in 2024 alone. While some worry Bitcoin's price drops could force MicroStrategy to offload its holdings, further depressing prices, Scaramucci argued this narrative is overblown, reports the outlet. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378636/scaramucci-bitcoin-is-a-volatile-asset-but-ready-for-prime-time-institutional-investing">Scaramucci: Bitcoin Is a Volatile Asset, But &#8216;Ready for Prime Time Institutional Investing&#8217;</a>
"The narrative of him being forced to sell hundreds of thousands of tokens into the market, I think it's a forced narrative," he said, comparing MicroStrategy's structure to that of Lehman Brothers' during the 2008 financial crisis.
MicroStrategy remains a top holding of the First Trust SkyBridge Crypto Industry and Digital Economy ETF, sub-advised by SkyBridge Capital. Scaramucci praised Saylor's innovative approach, saying, "He's created this positive flywheel by issuing debt and equity."
Why It Matters: Bitcoin has recently pulled back from an all-time high of $108,000, retreating amid profit-taking and market volatility. Scaramucci anticipates potential corrections in the 30-40% range, which could bring Bitcoin's price to $60,000-$70,000. 
However, he remains optimistic about Bitcoin's long-term trajectory, citing favorable regulatory developments and U.S. exchange-traded funds investing directly in the cryptocurrency.
"Could it get to $18 trillion dollars in market cap?" Scaramucci speculated. "We believe that it could. Is it a direct line to $18 trillion? No."
Read Next
<a href="https://www.benzinga.com/news/24/11/42254953/scaramucci-on-trump-deportation-plan-were-going-to-have-a-stock-market-crash" target="_blank" rel="noreferrer noopener">Scaramucci on Trump Deportation Plan: ‘We're Going To Have a Stock Market Crash'</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

MSTR

Scaramucci Defends MicroStrategy's Bitcoin Strategy, Predicts Long-Term Crypto Growth

These nine mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) rocketed 162.79% after the company announced it was awarded a prime contract by NASA to apply Dirac-3 for imaging <a href="https://www.benzinga.com//node/42554980" target="_blank" rel="noreferrer noopener">and data processing support</a>.</li>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) shares surged 37.17% after the company <a href="https://www.benzinga.com//node/42606549" target="_blank" rel="noreferrer noopener">reported third-quarter results</a>. Analysts revised the price <a href="https://www.benzinga.com/quote/bb/analyst-ratings" target="_blank" rel="noreferrer noopener">forecast on the stock</a>.</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) stock upped 31.30% after Craig-Hallum raised its price forecast from $22 to $45 while <a href="https://www.benzinga.com/quote/ionq/analyst-ratings" target="_blank" rel="noreferrer noopener">maintaining a Buy rating</a>.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares escalated 30.87%, probably due to continued strength amid <a href="https://www.benzinga.com//node/42569883" target="_blank" rel="noreferrer noopener">momentum towards Quantum-related companies</a>.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares were up 28.65% following several notable announcements <a href="https://www.benzinga.com//node/42507758" target="_blank" rel="noreferrer noopener">from the company regarding conversational AI</a>.</li>
<li>Xometry, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XMTR#NASDAQ">XMTR</a>) stock rose 19.88% after JP Morgan upgraded it from Neutral to Overweight and <a href="https://www.benzinga.com/quote/xmtr/analyst-ratings" target="_blank" rel="noreferrer noopener">raised its price forecast from $25 to $45</a>.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) stock upped 17.05%. NBA Hall of Famer and analyst Shaquille O&#8217;Neal has added a custom Lucid Air to his list of vehicles, including several Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck <a href="https://www.benzinga.com//node/42556676" target="_blank" rel="noreferrer noopener">electric pickup trucks.</a></li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) stock increased 16.14% after the company and Switch signed a non-binding Master Power Agreement to deploy 12 gigawatts of Oklo Aurora <a href="https://www.benzinga.com//node/42554232" target="_blank" rel="noreferrer noopener">powerhouse projects through 2044</a>. Also, Wedbush initiated coverage on the stock with an Outperform rating and announced <a href="https://www.benzinga.com/quote/oklo/analyst-ratings" target="_blank" rel="noreferrer noopener">a $25 price forecast</a>.</li>
<li>Azenta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZTA#NASDAQ">AZTA</a>) stock rose 12.24% after Stephens &amp; Co. upgraded the stock to Overweight from Equal-Weight and <a href="https://benzinga.com/quote/azta/analyst-ratings" target="_blank" rel="noreferrer noopener">raised its price forecast from $50 to $60</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/12/42638256/teva-pharmaceutical-li-auto-and-darden-restaurants-are-among-top-large-cap-gainers-last-week-december-16-20-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Teva Pharmaceutical, Li Auto, And Darden Restaurants Are Among Top Large Cap Gainers Last Week (December 16-20): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com//node/42638379" target="_blank" rel="noreferrer noopener">Novo Nordisk, Super Micro Computer And Arm Are Among Top Large Cap Losers Last Week (December 16-20): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

Mid Cap

Movers

AZTA

IONQ

LCID

OKLO

QBTS

QUBT

RGTI

SOUN

XMTR

Quantum Computing, BlackBerry And Lucid Group Are Among Top Mid Cap Gainers Last Week (December 16-20): Are The Others In Your Portfolio?

Robert Kiyosaki, businessman and author of Rich Dad, Poor Dad, is once again sounding the alarm about a potential global financial crisis.
What Happened: In a recent post on X, he urged individuals to take action now by investing in gold, silver, and Bitcoin, which he views as essential assets for safeguarding wealth.
Kiyosaki didn't mince words when criticizing the current financial system, labeling the U.S. government, Treasury, and Federal Reserve as a "Den of Thieves." 
His distrust stems from key historical events, such as the 1965 replacement of silver coins with cheaper alloys and President Richard Nixon's 1971 decision to take the U.S. off the gold standard. Kiyosaki believes these actions marked the beginning of a financial system in decline.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">THANK YOU gold, silver and Bitcoin HODLERS: I do not trust the US Giverment, the US Treasury, or the FED. If you trust these Den of Thieves that is your choice. I stopped trusting my government in 1965, when I noticed our silver coins were now alloys of cooper. In 1971…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1870288365150781627?ref_src=twsrc%5Etfw">December 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
A long-time critic of fiat currency, which he calls "fake money," Kiyosaki argues that it exploits the public and erodes wealth. Instead, he advocates for tangible assets like gold, silver, and Bitcoin, which he sees as reliable ways to preserve value during uncertain times. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42255036/kiyosaki-on-bitcoin-100000-almost-impossible-for-the-poor-and-middle-class-to-catch-up">Kiyosaki on Bitcoin $100,000: &#8216;Almost Impossible for the Poor and Middle Class to Catch Up&#8217;</a>
"Protect your wealth by investing in real assets," he advises, emphasizing that these alternatives provide stability against economic volatility.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">OMT One More Thing: As you know our money is fake and our financial leaders are corrupt. For example Trump asked Fed Chairman Powell if he would resign from the Federal Reserve Bank. Powell said "No" just as Biden wants to pardon his son and family from all criminal…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1870317737983250621?ref_src=twsrc%5Etfw">December 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In addition to his investment recommendations, Kiyosaki underscores the importance of financial education. He encourages individuals to learn about money and make informed investment decisions. "Use resources like YouTube to educate yourself," he said, urging people to take control of their financial futures.
As concerns about financial instability grow, Kiyosaki's warnings resonate with many investors seeking to safeguard their wealth. 
His advice to invest in real assets and prioritize financial literacy offers a practical approach to navigating uncertain economic times.
Read Next
<a href="https://www.benzinga.com/news/24/08/40147003/rich-dad-poor-dad-author-robert-kiyosaki-sees-wealth-accumulation-in-market-declines-markets-are-cra">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Sees Wealth Accumulation In Market Declines: &#8216;Markets Are Crashing, Great News, This Is Your Turn To Get Richer&#8217;</a>

Global

Kiyosaki Warns of Global Financial Crisis: 'Protect Your Wealth by Investing in Real Assets'

According to JP Morgan, U.S. large-cap biopharma stocks have underperformed the broader market for two consecutive years, with mixed sentiment shaping investor outlook for 2025.
Despite strong fundamentals and advancements in drug pipelines, factors such as political uncertainty and sector rotation have hindered the sector's performance relative to the S&amp;P 500.
In 2024, biopharma stocks rose by 9.6%, falling short of the S&amp;P 500's 28.5% surge. However, JP Morgan analysts maintain a positive outlook for several key players.
Eli Lilly And Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), a top pick for the firm, is projected to see continued growth in its diabetes and obesity treatments, <a target="_blank" href="https://www.benzinga.com/general/biotech/24/10/41622207/eli-lilly-q3-earnings-mounjaro-sales-more-than-double-takes-2-98-billion-hit-to-profit-cuts-annua" rel="noreferrer noopener">Mounjaro and Zepbound</a>. The analyst also pointed to the company's robust pipeline and forecasted double-digit revenue and earnings growth into the 2030s.
Bristol-Myers Squibb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) has been added to JP Morgan's Analyst Focus List due to the strong potential of its schizophrenia drug, Cobenfy, which could achieve peak sales of $10 billion.
Similarly, Merck &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) and Regeneron Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) are expected to recover in 2025, following challenges in 2024 related to <a target="_blank" href="https://www.benzinga.com/general/biotech/24/04/38208816/eye-drug-eylea-price-manipulation-regeneron-faces-us-justice-department-allegations-over-medicare" rel="noreferrer noopener">competitive pressures </a>and regional dynamics <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40168774/mercks-blockbuster-vaccine-gardasil-sales-in-china-analyst-highlights-challenges-an" rel="noreferrer noopener">affecting key products</a>.
Gilead Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) is poised for growth with the anticipated mid-2025 launch of lenacapavir <a target="_blank" href="https://www.benzinga.com/quote/GILD" rel="noreferrer noopener">for HIV prevention</a>.
The firm also highlighted AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) for its appealing valuation, supported by strong Skyrizi and Rinvoq sales despite fewer near-term <a target="_blank" href="https://www.benzinga.com/quote/ABBV" rel="noreferrer noopener">pipeline developments</a>.
Animal health stocks are also projected to rebound in 2025. JP Morgan views Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>) as the strongest pick in the sector, citing its potential for high single-digit revenue <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41722660/zoetis-q3-earnings-beat-companion-animal-segment-growth-gives-confidence-into-2025-" rel="noreferrer noopener">growth and margin expansion</a>. IDEXX Laboratories, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) is another solid choice, though its performance depends on a r<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41659873/idexx-laboratories-adjusts-guidance-as-q3-revenue-growth-slows-analyst-notes-fewer-" rel="noreferrer noopener">ecovery in veterinary visits</a>. Meanwhile, Elanco Animal Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELAN#NYSE">ELAN</a>) faces uncertainties linked to its <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41817807/elanco-animal-q3-earnings-profit-beat-new-products-and-stabilized-business-to-drive" rel="noreferrer noopener">new product launches</a>.
Specialty pharmaceuticals showed early signs of stabilization in 2024, benefiting from improved pricing stability and supply dynamics. Perrigo Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRGO#NYSE">PRGO</a>) and Viatris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTRS#NASDAQ">VTRS</a>) are highlighted as promising opportunities, while Teva Pharmaceuticals Industries Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) may face growth challenges despite delivering strong clinical trial <a target="_blank" href="https://www.benzinga.com/general/biotech/24/12/42561832/teva-pharmaceutical-releases-impressive-phase-2-candidate-data-for-gastro-related-diseases" rel="noreferrer noopener">results this year</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42623487/jp-morgan-defensive-oil-stocks-to-watch-in-2025-amid-70-brent-forecast" target="_blank" rel="noreferrer noopener">Defensive Oil Stocks To Watch In 2025 Amid $70 Brent Forecast: JP Morgan</a></li>
</ul>
Photo via Shutterstock

Biotech

Large Cap

Health Care

ABBV

ELAN

GILD

IDXX

PRGO

REGN

TEVA

VTRS

Big Biopharma Trails Behind The Market: JP Morgan's 2025 Outlook on Eli Lilly, Merck, and More

Victims of the hacking of defunct New Zealand-based crypto exchange Cryptopia are finally seeing restitution, with $225 million in digital assets being distributed to former account holders.
What Happened: The distributions mark a significant milestone in the exchange's liquidation process, which has been ongoing since 2019.
According to the press <a href="https://www.grantthornton.co.nz/press/press-releases-2024/cryptopia-account-holders-receive-%24400m-from-liquidators/">release</a> from accounting firm Grant Thornton, over 10,000 verified users of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) have received their initial cryptocurrency distributions.
"Within the last 48 hours, over $225 million in cryptocurrency has been returned on-chain," the statement reads.
Cryptopia suffered a devastating hack in January 2019, leading to millions of dollars in crypto theft. By May of the same year, the company appointed liquidators, citing the move as being in the "best interests of customers, staff, and other stakeholders."
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39445624/rapper-50-cent-allegedly-caught-in-crypto-scam-defrauding-users-of-300-million-in-just-30-">Rapper 50 Cent Allegedly Caught In Crypto Scam Defrauding Users Of $300 Million In Just 30 Minutes</a>
The liquidators ensured the distribution process adhered to a 2020 court ruling, which declared that digital assets held by Cryptopia are property in the context of liquidation. 
This legal precedent was critical in shaping the current distribution efforts and ensuring fair outcomes for affected users.
The milestone represents a long-awaited step forward for thousands of Cryptopia customers, many of whom have been waiting for years to recover their funds. 
With this progress, the liquidators aim to rebuild trust in the industry and demonstrate the potential for resolution in crypto-related legal cases.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36525844/north-korean-hackers-swiped-600-million-worth-of-crypto-in-2023-expected-to-carry-out-more">North Korean Hackers Swiped $600 Million Worth Of Crypto In 2023, Expected To Carry Out More Attacks, Warns Report</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Wikimedia Commons

$DOGE

Cryptopia Hack Victims Receive $225 Million In Distributions At Last

NBA great Michael Jordan has finally sold his sprawling mansion in the Chicago suburbs after over a decade on and off the market.
Originally listed in 2012 for $29 million, the nine-bedroom Highland Park estate recently sold for $9.5 million, according to property records. The 56,000-square-foot compound is on seven acres of land down the road from the Chicago Bulls' old practice facility, the Berto Center in Deerfield.
The buyer's identity has not yet been disclosed in public records and appears to have purchased the property without representation by a real estate agent.
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl-y2"> you can become an investor for $0.80 per share today.</a></li>
<li><a href="https://www.benzinga.com/go/arrived-private-credit-yf">Arrived Home's Private Credit Fund&#8217;s has historically paid an annualized dividend yield of 8.1%&#x2A;</a>, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum.<a href="https://www.benzinga.com/go/arrived-private-credit-yf"> </a></li>
</ul>
The iconic home, filled with personalized touches <a href="https://www.benzinga.com/startups/24/10/41549835/michael-jordan-the-nbas-first-billionaire-once-bet-100-000-on-a-game-of-rock-paper-scissors-i-enjoy">paying tribute to Jordan</a>, may have contributed to its extended time on the market. In 2015, the asking price was reduced to $14.855 million – a nod to Jordan's legendary jersey number 23, as the digits add up to the iconic number.
The <a href="https://www.benzinga.com/general/sports/24/12/42403470/michael-saylor-uses-lebron-james-michael-jordan-sports-analogy-to-explain-bitcoin-to-dave-portnoy-satoshi-gave-us-a-game-we-can-all-win">former Chicago Bulls star</a>, who hasn't lived there for years, has now officially sold the estate, giving it a new owner after 12 long years.
The mansion, where Jordan lived for 19 years, sold at a steep 67% discount from its original asking price.
See Also: Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today.<a href="https://smartasset.com/retirement/find-a-financial-planner?utm_source=benzinga&amp;utm_campaign=ben&amp;utm_content=y2_5MilNestEgg"> SmartAsset&#8217;s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost</a> to decide which one is right for you.
The median sale price of a home in Highland Park was $729,000, up 19.9% since last year, according to Redfin. On average, homes in Highland Park sell after 56 days on the market, compared to 49 days last year.
"Even at its reduced price, Jordan's home sold for more than the multimillion-dollar homes near Lake Michigan, which rarely sell for more than $5 million," Reddit user wjbc posted on the platform. "As the real estate people say, ‘The top three keys to success in real estate are location, location, location.' If your home is much more expensive than the other homes in the neighborhood, it's usually going to be hard to sell, even if you are Michael Jordan."
Listing agent Katherine Malkin of Compass told The Wall Street Journal that Jordan purchased the property in 1991 and invested about $50 million to build the home.
Trending: During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes-y2"> high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</a>
The estate is filled with tributes to Jordan's legendary basketball career, including the number 23 prominently displayed on the front gate, his iconic Air Jordan logo on the full-size indoor basketball court and flagsticks on the putting green.
An infinity pool on the grounds includes a grass island.
Despite creative efforts to sell the property – such as offering a complete set of Air Jordans with the purchase and marketing the home through Mandarin-language videos targeting Jordan's fans in China – the mansion remained unsold and unoccupied for years.
Jordan now divides his time between North Carolina and Jupiter, Florida.
Read Next:
<ul>
<li>CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast —<a href="https://www.benzinga.com/money/integris"> here&#8217;s how to invest in their private credit fund that targets 12% annual interest rate.</a></li>
<li>This Jeff Bezos-backed startup will allow you to <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=byerscta100">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a></li>
</ul>

Real Estate

From Slam Dunk To Deep Discount – Michael Jordan's Mansion Sells After 12 Years But At How Big Of A Loss?

<a href="https://www.ft.com/content/6cfdfe2b-6872-4963-bde8-dc6c43be5093" title="https://www.ft.com/content/6cfdfe2b-6872-4963-bde8-dc6c43be5093">https://www.ft.com/content/6cfdfe2b-6872-4963-bde8-dc6c43be5093</a>

Contracts

Financial Times Reported Sunday, Palantir, Anduril Reportedly Forming Consortium With Competitors To Jointly Bid For U.S. Government Contracts

In a strategic effort to enhance monetization opportunities within the Telegram ecosystem, TON has been working with Adsgram, a dedicated advertising platform tailored for Telegram.
Adsgram emerged from its founder Vadim Sterlin&#8216;s firsthand challenges in monetizing his Fanton game, highlighting a broader issue faced by the GameFi community on Telegram and the TON network.
As a seasoned Adtech product manager, Sterlin highlighted earlier this year in the Adsgram community the scarcity of effective tools for publishers to generate revenue through advertising, underscoring the urgent need for innovative solutions in this space.
Benzinga recently caught up with Sterlin, the CEO and founder of Adsgram. Here's an excerpt from the interaction.   
What factors contributed to Adsgram attracting over 550 mini apps in just six months?
The market required a simple, clear, and scalable solution for monetizing mini-apps, and we were the first to deliver something to meet this growing demand. Our team has a wealth of experience in developing mini-apps, having built one of TON ecosystem's most popular mini-apps in the form of Fanton fantasy football. This gave us unique insights into what developers actually need, and enabled us to refine and optimize the platform for an experience that is as user-friendly as possible.&nbsp; This set us apart from our competitors and helped us to attract many mini-apps to Adsgram during the early stages of our project.
Monetizing Telegram mini-apps has historically been challenging. Individual applications often struggle to connect with advertisers, especially when they're looking to engage larger players in the advertising market. Adsgram filled this gap in the market by offering a unified and seamless solution to help mini apps find new audiences and grow their products.&nbsp;
How does Adsgram tailor advertising specifically for Telegram mini apps compared to traditional ad platforms?
The way that mini-apps bridge Web2 and Web3 is a fascinating aspect of the platform. This position at the intersection of these two worlds opens up exciting opportunities to implement strategies that bridge these two ecosystems. Initially, users were primarily drawn to ads for the rewards they offered in terms of user acquisition. Traffic characteristics and working funnels had to be adjusted, and users had to be educated on how to interact with the new model that we are looking to popularise.&nbsp; Over time, advertisers and users have adapted, creating a mutually beneficial system.&nbsp;
The hallmark of advertising in mini-apps is its simplicity. We intentionally set strict limits on the size of banners and video clips to ensure that any user, on any device, can easily view and engage with the advertising content. A recent innovation we've introduced is the ability for developers to target users by wallet. In addition to traditional targeting options, such as location, language, platform, and premium accounts, focusing on wallet activity grants a deeper understanding of user behaviour in the Web3 space &#8211; this allows advertisers to identify the most financially active and crypto-savvy users within the Telegram ecosystem.
What makes Adsgram attractive to large mobile applications and service providers as advertising partners?
The traffic generated through Telegram Mini Apps (TMA) is not only highly cost-effective but also exceptionally transaction oriented. This is particularly evident when looking at cryptocurrency, where many of the most successful recent projects have leveraged blockchain and airdrop technologies to drive engagement. What sets Adsgram apart is its ability to tap into Telegram's vast audience, which is now close to exceeding one billion users.
How did you identify the need for a dedicated advertising platform within the Telegram mini apps ecosystem?
In 2024, several applications experienced rapid growth, including Notcoin, Hamster Kombat, and Blum. However, all of them relied on inefficient, manual ad sales. This sparked our interest in automating ad sales and building an open, transparent advertising marketplace for Telegram mini-apps. To bring this vision to life, we collaborated with TON Foundation, who believed in our idea and supported the development of Adsgram.
What new features or enhancements can we expect from Adsgram as the mini app space continues to grow? We recently introduced additional targeting options for VPN and wallet users. Further enhancing targeting accuracy and precision will remain a key focus as Adsgram evolves. The market is evolving rapidly, bringing with it new demands for advertising. In response, we've already expanded our platform with several new advertising formats. In the future, we plan to introduce task functionality for our partners. This functionality will help to engage users with our advertising even further, with both the application hosting ads and the user earning crypto rewards for engaging with our product. These tasks will undergo manual moderation, ensuring quality and providing our partners with even more opportunities to earn.

Interview

Targeting Accuracy And Precision Will Remain A Key Focus As Adsgram Evolves, Says Vadim Sterlin

Quantum computing is emerging as a game-changing technology poised to revolutionize industries, much like how <a href="https://www.benzinga.com/general/market-summary/24/12/42569883/quantum-computing-rigetti-d-wave-skyrocket-up-to-300-in-5-sessions-after-google-unveils-willow-chip-but-analysts-urge-caution-not-every-tiktok-guitarist-is-the-next-taylor-swift" target="_blank" rel="noreferrer noopener">artificial intelligence (AI) has transformed the digital landscape</a>.
As we head toward 2025, experts predict that quantum computing will be the next major frontier in tech, unlocking unprecedented computational power and driving breakthroughs in fields such as cryptography, drug discovery, and optimization.
At the heart of quantum computing's potential is the quantum bit, or qubit, which can represent multiple states simultaneously, allowing quantum computers to process data exponentially faster than classical computers. In fact, recent advancements have already shown the immense promise of this technology.
For example, Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)
Quantum AI division, led by Hartmut Neven, recently unveiled its <a href="https://www.benzinga.com/tech/24/12/42397333/google-quantum-ais-new-willow-chip-can-do-in-minutes-that-supercomputers-would-take-10-septillion-years" target="_blank" rel="noreferrer noopener">latest quantum chip, Willow</a>. This chip reduces errors exponentially and completed a benchmark computation in under five minutes—an operation that would have taken one of the fastest supercomputers 10^25 years to finish.
The rise of quantum computing presents a compelling complement to AI, as it has the potential to enhance AI models and algorithms, helping unlock entirely new frontiers in science and technology. As this technology advances, it could usher in a new wave of innovation, particularly in industries reliant on complex data processing and problem-solving.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/12/42380768/quantum-computing-stocks-roundup-d-wave-rigetti-ionq-lead-the-charge-with-explosive-growth" rel="noreferrer noopener">Quantum Computing Stocks Roundup: D-Wave, Rigetti, IonQ Lead the Charge With Explosive Growth</a>
Market Growth and Investment Opportunities
The quantum computing market is set for explosive growth. According <a href="https://www.fortunebusinessinsights.com/u-s-quantum-computing-market-107727" target="_blank" rel="noreferrer noopener">to</a> Fortune Business Insights, the U.S. quantum computing market, valued at $138.2 million in 2022, is projected to skyrocket to $1.2 billion by 2030, growing at a CAGR of 31.7%. 
This surge is driven by increasing investment and initiatives like those outlined by the White House in May 2022.
For investors looking to capitalize on this booming sector, top companies include Top stocks to invest:
<ul>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>)</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>)</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>)</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>)</li>
</ul>
Quantum-focused ETFs offer a diversified approach to investing in this transformative space. Per Rising Wave, <a target="_blank" href="https://risingwave.com/blog/top-quantum-computing-etfs-for-growth/" rel="noreferrer noopener">investing</a> in quantum computing ETFs offers a distinctive chance to participate in a technological revolution.
<ul>
<li>Defiance Quantum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NASDAQ">QTUM</a>)</li>
<li>WisdomTree Cloud Computing Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCLD#NASDAQ">WCLD</a>)</li>
<li>Global X Cloud Computing ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOU#NASDAQ">CLOU</a>)</li>
<li>ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>)</li>
</ul>
As quantum computing approaches mainstream adoption, it will likely become one of the most exciting areas of growth in the tech industry over the next few years.

ARKW

CLOU

NVDA

QTUM

WCLD

Quantum Computing: The New AI? A Look at the Rapidly Expanding Market and Top Stocks For 2025

As we are amid the holiday chaos and joy, hunting down presents at the last minute before getting together with our families, financial expert <a href="https://www.benzinga.com/personal-finance/24/12/42500258/have-more-than-you-need-dont-waste-it-suze-orman-reveals-how-ira-charitable-gifts-can-cut-taxes-and-shrink-your-rmds">Suze Orman</a> strongly warns about the dangers of buying gifts with credit cards. On a <a href="https://omny.fm/shows/suze-ormans-women-and-money/suze-school-are-you-in-financial-panic-mode">recent episode</a> of her Women &amp; Money podcast, Orman cautioned listeners against letting financial guilt or societal pressures lead them into debt during the season of giving.
Orman discusses how many people carefully manage their finances throughout the year only to undo that progress in December. She refers to the last ten days before <a href="https://www.benzinga.com/personal-finance/24/12/42317960/warren-buffett-used-to-gift-loved-ones-10000-cash-for-christmas-but-switched-to-stocks-with-a-note-cash-them-in-or-hold-onto-them">Christmas</a> as &#8220;G-Day&#8221; or &#8220;Gift Day,&#8221; when financial guilt and holiday spirit often lead to impulsive spending.
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>
&#8220;You only went in there to spend maybe $50…and before you know it, you walk out with, typically, by the way, around $600 or $700 worth of items,&#8221; Orman explains. She adds that people think they are saving with the discounts that retailers offer around this time but in reality, most people spend way more and even go into debt.
Using hypothetical scenarios, Orman outlines how small credit card purchases can snowball into significant debt. For instance, charging $1,000 for holiday gifts on a credit card with a 28% interest rate can take over nine years to pay off if only minimum payments are made. The total cost? Nearly $3,000 when factoring in interest.
According to Orman, the average American carries $6,329 in <a href="https://www.benzinga.com/24/11/42013422/credit-card-balances-rise-as-delinquencies-falls-the-latest">credit card debt</a>, with an average interest rate of 23.37%. At these rates, paying only the minimum due can take more than 21 years to clear the balance, costing thousands of dollars in interest.
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
"You are not being generous to yourself," Orman said about those left with credit card debt after the holidays. "You are financially sabotaging your future."
A MarketWatch survey found that 67% of Americans use credit cards for holiday gifts. About 12% of those surveyed said they are still paying off their balances from last year's shopping.&nbsp;
Orman also reflects on her experiences visiting homes during her time on <a href="https://www.benzinga.com/personal-finance/24/07/39693693/suze-orman-tells-oprah-instead-of-starbucks-everyday-a-25-year-old-putting-100-a-month-into-roth">The Oprah Winfrey Show</a>. She often found closets filled with unused gifts that recipients didn't like but felt guilty returning. &#8220;You wasted their money by taking this gift under the pretense that you loved it,&#8221; she told those who kept the gifts. Even well-intentioned purchases can create emotional and financial burdens if they are not truly needed or appreciated.
Trending: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
To Orman, real generosity means giving in a way that doesn't jeopardize your financial health. She advises only buying gifts with cash—and only if you have no existing credit card debt, a fully funded emergency fund and adequate retirement savings.
If those conditions aren't met, Orman suggests finding creative, cost-free ways to show love and appreciation. Honesty about your financial limitations can inspire mutual understanding and strengthen relationships.
Orman's message is clear: buying gifts with credit cards, especially when you're already in debt, is a form of self-sabotage. She encourages listeners to think beyond the fleeting joy of holiday giving and focus on the long-term impact on their <a href="https://www.benzinga.com/personal-finance/24/10/41555075/millennials-and-gen-z-rely-on-parents-for-financial-support-survey-finds-its-costing-them-their-">financial future</a>.
Read Next:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>
</ul>

Personal Finance

Suze Orman Says If You Buy Someone A Gift On A Credit Card, 'You Are Financially Sabotaging Your Future'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly developing a smart doorbell camera with Face ID technology that could unlock doors using facial recognition. 
According to Bloomberg's Mark Gurman in his &#8220;Power On&#8221; newsletter, the innovative device may be released by the end of 2025 "at the soonest."
The smart lock system would function similarly to an iPhone, unlocking doors when a registered user or resident is recognized by the camera. Apple plans to integrate its Secure Enclave chip, which securely stores and processes Face ID data separately from other hardware, ensuring high security.
In his <a href="https://www.bloomberg.com/news/newsletters/2024-12-22/apple-explores-amazon-ring-doorbell-competitor-with-face-id-airpods-heart-rate?srnd=undefined&amp;sref=TBDibEcD">post</a>, Gurman suggests that the device will likely work with third-party HomeKit-enabled smart locks. Apple may also partner with a smart lock manufacturer to deliver a complete system at launch. 
Additionally, the doorbell camera is expected to utilize Apple's in-house "Proxima" chip, a Wi-Fi and Bluetooth combination set to feature in upcoming HomePod Mini and Apple TV models next year.
Also Read: <a href="https://www.benzinga.com/tech/24/12/42500167/could-apple-set-revolutionize-tablet-market-with-18-8-inch-foldable-ipad">Could Apple Set Revolutionize Tablet Market With 18.8-Inch Foldable iPad?</a>
&#8220;Also next year, Apple will roll out upgrades to existing home devices: its TV set-top box and HomePod mini smart speaker. That will add an advanced&nbsp;wireless chip dubbed Proxima&nbsp;and better support the new Thread standard for wirelessly linking products in the home,&#8221; Gurman wrote in the post. 
This doorbell camera is part of Apple's broader push into smart home technology under its Apple Intelligence initiative. Rumored products include new smart home cameras, an Apple-branded TV, and smart displays. 
These displays are said to include an iPad-like device that attaches magnetically to wall mounts or speaker bases and another equipped with a robotic arm for enhanced flexibility.
Apple's continued expansion into smart home solutions signals its commitment to creating a cohesive ecosystem of devices designed to enhance daily life with seamless integration and advanced security.
Read Next
<a href="https://www.benzinga.com/news/24/08/40429457/apples-tabletop-robot-the-future-of-home-technology-or-a-potential-misstep" target="_blank" rel="noreferrer noopener">Apple&#8217;s Tabletop Robot: The Future Of Home Technology Or A Potential Misstep?</a>

AAPL

Apple Developing Face ID Smart Doorbell To Unlock Doors By Late 2025

Salesforce, Marvell Technology, And Kroger Report As Earnings Season Slowing To A Crawl

Morgan Stanley analyst Hamza Fodderwala downgraded Tenable (TENB) to Equal Weight from Overweight with a price target of $47, down from $50. The fi...

Tenable downgraded to Equal Weight from Overweight at Morgan Stanley

Okta, Cloudflare upgraded at Morgan Stanley; SentinelOne, Tenable downgraded

Best ranking and performing Cybersecurity stocks: FSLY, NET, FTNT

Tenable (TENB) announced the release of Tenable Patch Management, an autonomous patch solution built to quickly and effectively close vulnerability...

Tenable releases Tenable Patch Management solution

SentinelOne slumps after mixed Q3 amid CrowdStrike opportunity, analysts largely positive

Tenable CEO takes temporary medical leave of absence

Tenable (TENB) announced new vulnerability intelligence, risk prioritization and web application scanning features for Tenable Security Center, the...

Tenable announces new features for Tenable Security Center

The cybersecurity sector is booming, owing to the growing cyberattacks and crimes, favorable government initiatives, and integration with the latest technologies. Thus, investing in quality software security stocks Fortinet (FTNT), Tenable Holdings (TENB), and Check Point Software Technologies (CHKP) could be wise. Read more... Cybersecurity innovations are helping companies and governments across the world protect their data and assets from cyberattacks. This has resulted in increased investments by industry-leading companies to create the best solutions and has boosted the cybersecurity market.
Given this backdrop, investors could invest in fundamentally sound software security stocks Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>), Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>), and Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>) for substantial gains.
With the rapid adoption of the latest technologies and digitalization, which are aiding operations, enhancing efficiency, and offering higher productivity, concerns related to cyber security are also gaining attention. Incidents of cyber threats are growing swiftly, urging companies to invest and develop systems to safeguard and protect their customers.
With new vulnerabilities emerging even before the old ones are subdued, cyberattacks are harming organizations of all scales. <a href="https://www.nu.edu/blog/cybersecurity-statistics/">Cloud environment intrusions</a> have increased by 75% in the past year, whereas cloud-conscious cases have increased by 110%. Also, <a href="https://www.embroker.com/blog/cyber-attack-statistics/">ransomware attacks</a> are on the rise in the United States, with 59% of all ransomware attacks taking place there.
The need for improved cybersecurity solutions and measures is growing every day, resulting in more and more companies investing and undertaking R&amp;D to innovate. Amid this, the global cybersecurity market is experiencing robust growth.
According to Fortune Business Insights, the global cybersecurity market is projected to <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">grow to $562.72 billion by 2032</a>, exhibiting growth at a CAGR of 14.3%. Also, the U.S. cyber security market is expected to reach around $166.73 billion in 2032. The global market is driven by the rising number of e-commerce platforms and the growing integration of technologies like AI, ML, IoT, and cloud.
Considering the industry's conducive trends, let's examine the fundamentals of the three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stock picks, beginning with the third choice.
Stock #3: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT provides cybersecurity and convergence of networking and security solutions internationally. The company offers secure networking solutions, network firewall solutions, wireless LAN solutions, and secure connectivity solutions. It also provides the Fortinet Unified SASE solutions.
On December 3, FTNT launched FortiAppSec Cloud, a new cloud-delivered platform for integrating key web application security and performance management tools into a single offering.
Along with consolidating key web application capabilities into a single offering, FortiAppSec Cloud also provides cutting-edge protection, seamless delivery, and centralized management across multi-cloud environments. This offers customers confidence in securing and managing their hybrid and multi-cloud environments.
On November 15, FTNT expanded its global presence with the opening of its new innovation hub in Atlanta, Georgia. The newly acquired 10-story building will be transformed into the newest Innovation Hub of the company and will drive innovation and strengthen collaboration for its customers, partners, employees, and other key stakeholders around the world.
For the third quarter that ended September 30, 2024, FTNT's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> increased 13% year-over-year to $1.51 billion. Its non-GAAP operating income grew 46.7% from the year-ago value to $544.70 million. The company's non-GAAP net income was $487.60 million or $0.63 per share, up 50.7% and 53.7% from the prior year's period, respectively.
Furthermore, the company's free cash flow rose 18.8% from the previous year's period to $571.80 million.
Projecting on its strong quarter performance, the company provided guidance for the fourth quarter of 2024, expecting revenue in the range of $1.56 billion to $1.62 billion. Also, its non-GAAP net income per share is expected to be $0.58 - $0.62.
Also, for the fiscal year 2024, Fortinet currently expects revenue in the range of $5.86 billion to $5.92 billion and service revenue of $4.01 billion to $4.04 billion. And its non-GAAP net income per share is set to be $2.20 to $2.28.
Street expects FTNT's revenue and EPS for the fourth quarter (ending December 2024) to increase 12.7% and 19.1% year-over-year to $1.59 billion and $0.61, respectively. Further, the company has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters, which is impressive.
Shares of FTNT have gained 66% over the past six months and 91.4% over the past year to close the last trading session at $99.21.
FTNT's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
FTNT has an A grade for Sentiment and Quality. It is ranked #7 out of 20 stocks in the B-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
In addition to the POWR Ratings we've stated above, we also have FTNT ratings for Momentum, Value, Stability, and Growth. Get all FTNT ratings <a href="https://stocknews.com/stock/FTNT/">here</a>.
Stock #2: Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>)
TENB is an international cyber exposure solutions provider. The company's platforms include Tenable Vulnerability Management, Tenable Cloud Security, Tenable Identity Exposure, Tenable Web App Scanning, Tenable Lumin Exposure View, Tenable Attack Surface Management, Tenable Security Center, and Tenable OT Security.
On December 4, TENB released Tenable Patch Management, an autonomous patch solution built to quickly and effectively close vulnerability exposures in a unified solution. Created with a strategic partnership and integration with Adaptiva, the solution addresses the critical challenges of vulnerability remediation.
It shortens the time from discovery to remediation by examining the most impactful vulnerabilities across different environments. It also offers features like autonomous patching, which streamlines discovery to remediation, and customizable controls that prevent problematic updates.
On October 15, TENB launched new data security posture management (DSPM) and artificial intelligence security posture management (AI-SPM) capabilities for Tenable Cloud Security, the actionable cloud security solution. With the exposure management capabilities for cloud data and AI resources, Tenable Cloud Security reduces risk to two of the biggest emerging threats.
During the third quarter that ended September 30, 2024, TENB's revenue increased 12.7% year-over-year to $227.09 million. Its non-GAAP gross profit was $184.82 million, up 14.2% year-over-year. Also, the company's non-GAAP income from operations rose 23% from the prior-year quarter to $44.98 million.
Furthermore, the company's non-GAAP net income and non-GAAP EPS of $39.32 million and $0.32 reflects growth of 42.1% and 39.1% from the prior year's quarter, respectively.
As per its guidance for the fourth quarter of fiscal 2024, TENB forecasts non-GAAP income from operations of $47 million to $49 million. It expects its non-GAAP net income to be $42 million - $44 million and its non-GAAP EPS between $0.33 and $0.35.
Also, for the full year 2024, the company expects non-GAAP income from operations of $171.80 million to $173.80 million. Non-GAAP net income ranges from $149.90 million to $151.90 million. Its non-GAAP EPS is set to be at $1.21 - $1.23.
For the fourth quarter ending December 2024, analysts expect TENB's revenue to increase 8.7% year-over-year to $231.81 million. For the ongoing quarter, the company's EPS is expected to grow 37.8% year-over-year to $0.34. Moreover, the company surpassed the consensus revenue and EPS estimates in all four trailing quarters.
The stock has gained 2.8% over the past month and 4% over the past six months to close the last trading session at $42.42.
TENB's promising outlook is reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
The stock has an A grade for Growth. Within the same industry, TENB is ranked #5 of 20 stocks.
To access additional ratings of TENB for Sentiment, Momentum, Stability, Value, and Quality, <a href="https://stocknews.com/stock/TENB/">click here</a>.
Stock #1: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
Headquartered in Tel Aviv, Israel, CHKP develops, markets, and supports a range of products and services for IT security globally. It offers a multilevel security architecture, cloud, network, mobile devices, endpoint information, and IOT solutions.
On November 20, CHKP launched the new Check Point Quantum Firewall Software R82 (R82) and additional innovations for the Infinity Platform. The new R82 delivers new AI engines, post-quantum encryption, and accelerated DevOps with greater simplicity for data center operations. The new solution will prevent against zero-day threats and empower customers.
On October 1, CHKP completed the acquisition of Cyberint Technologies Ltd., a provider of external risk management solutions. With the integration of Cyberint's real-time exposure analysis into the Infinity Platform, CHKP could enhance its threat prevention capabilities, broaden market reach, and position itself for stable growth.
CHKP's total revenues increased 6.5% year-over-year to $635.10 million during the third quarter that ended September 30, 2024. Its security subscription revenues grew 11.5% year-over-year to $276.90 million. The company's non-GAAP operating income rose 1.9% from the year-ago value to $274 million.
In addition, the company's non-GAAP net income and EPS totaled $255.40 million and $2.25, indicating increases of 5.4% and 8.7% from the prior year's quarter, respectively.
Street expects CHKP's revenue for the fourth quarter (ending December 2024) to increase 5.3% year-over-year to $698.43 million. The consensus EPS estimate of $2.65 for the same quarter indicates a 3.3% improvement year-over-year. Also, CHKP has topped the consensus revenue and EPS estimates in three of the trailing four quarters.
CHKP's stock has surged 20.7% over the past six months and 29.3% over the past year to close the last trading session at $186.82.
CHKP's POWR Ratings reflect its bright outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has an A grade for Quality. It is ranked #4 out of 20 stocks in the B-rated Software - Security industry.
<a href="https://stocknews.com/stock/CHKP/">Click here</a> to access other CHKP ratings (Growth, Value, Stability, Sentiment, and Momentum).
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
FTNT shares were trading at $97.06 per share on Monday afternoon, down $2.15 (-2.17%). Year-to-date, FTNT has gained 65.83%, versus a 28.62% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-tenb-3-cybersecurity-stocks-you-cant-afford-to-ignore/>3 Cybersecurity Stocks You Can't Afford to Ignore</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks You Can't Afford to Ignore

AKAM

ATEN

AVGO

CAKE

CGNT

CHWY

CIBR

CRDO

CSCO

DLTR

DOCU

FLYE

FSLY

FTNT

GALT

GAUZ

HACK

IMPP

INFY

KLAC

LDOS

LULU

MRVL

NAMI

OKTA

PHAT

PSTX

QCOM

QLYS

RAPP

RDWR

SGHC

SHAK

SLAB

SNPS

VALE

VRNS

Press Releases

Tenable Introduces AI Aware: A Groundbreaking Proactive Security Solution for AI and Large Language Models

Tenable Launches Tenable Enclave Security to Meet Demands of Highly Secure Environments

Economics

Tenable Cloud Risk Report Sounds the Alarm on Toxic Cloud Exposures Threatening Global Organizations

Leading Analyst Firm Ranks Tenable #1 for Sixth Consecutive Year in Market Share for Device Vulnerability Management

Tenable Tackles Emerging Cloud and AI Risks With the Launch of Data and AI Security Posture Management for Cloud Environments

Tenable Announces Date for its Third Quarter Earnings Conference Call

Tenable Announces Third Quarter 2024 Financial Results

Tenable to Participate in Upcoming Investor Events

Tenable Adds Patch Management to Rapidly Close Security Exposures

Tenable Security Center Delivers Focused Vulnerability Prioritization to Close Critical Exposures that Increase Business Risk

Comments

Tenable Holdings

뉴스

에 대한 최신 뉴스 Tenable Holdings (NASDAQ:TENB) 주식

화요일, 4월 16, 2024

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌