To The Moon

Frontier Communications Parent (NASDAQ:FYBR) has reported a significant cybersecurity incident detected on April 14, 2024, where unauthorized access was gained to parts of its IT infrastructure by what is suspected to be a cybercrime group. The telecommunications company swiftly enacted its cyber incident response protocols to mitigate the breach, which included shutting down key systems to contain the breach but led to notable disruptions in operations. The intruders reportedly accessed various types of data, including personally identifiable information. Despite the potential severity of the breach, Frontier believes it has successfully managed to contain the incident and has largely restored its core IT operations to normal. Frontier has taken comprehensive steps following the detection

Netflix (NASDAQ:NFLX) has just released its financial results for the first quarter of 2024, surpassing expectations.  In Q1, the streaming giant saw its revenue increase by 15% year-over-year, primarily fueled by an increase in membership numbers and adjustments in pricing. The revenue surge exceeded Netflix's own forecasts, with paid net additions climbing to 9.3 million, a substantial jump from 1.8 million in the same period last year. This growth was notably influenced by economic factors such as local inflation and a sharp depreciation of the Argentine peso by 75% against the US dollar. Operating income for the quarter was $2.6 billion, up 54% from $1.7 billion in Q1 2023, with the operating margin expanding from 21% to 28%. Earnings per share (EPS) also exceeded forecasts, comin

Sapiens International Corporation (NASDAQ:SPNS) has declared a cash dividend of $15.6 million, equivalent to $0.28 per share, for the second half of 2023. This move aligns with the company's policy of distributing up to 40% of its annual non-GAAP net income on a semi-annual basis. The upcoming dividend is scheduled for payment on April 18, 2024, to all shareholders of record as of April 5, 2024. In addition to its financial updates, Sapiens has launched IntegrateAI, an addition to its DecisionAI portfolio, aimed at integrating machine learning models into its decision model workbench. This innovation allows users to blend declarative and probabilistic constructs into a single, explainable model, enhancing operational control and efficiency by reducing business and technical complexities. &

Nova (NASDAQ:NVMI) has announced a significant stride in semiconductor manufacturing technology with the receipt of multiple orders from leading industry players for its state-of-the-art process control solutions. These orders, focused on the production of Gate-All-Around (GAA) devices, spanning dimensional, materials, and chemical metrology solutions, are set to be delivered over the next year. Nova’s success in securing these orders not only underscores the technical proficiency of its offerings but also its critical role in supporting the transition to next-generation device fabrication.  Claim Now

BioLife Solutions (NASDAQ:BLFS), a prominent developer and supplier in the bioproduction sector has successfully completed the sale of its wholly owned subsidiary, Global Cooling. This strategic move marks a significant shift for the company as it aims to streamline operations and enhance financial metrics. Roderick de Greef, Chairman and CEO of BioLife, expressed satisfaction with the completion of the divestiture, stating, "After a thorough and extensive process, we’re pleased to have completed the divestiture of the Stirling freezer business." He highlighted the financial benefits of the sale, noting that it is expected to "immediately eliminate several million dollars of quarterly cash burn and removes product warranty liabilities, which totaled $7.5 million as of December 31, 2023." D

Iridium Communications (NASDAQ:IRDM) has released its financial results for the first quarter of 2024. The company reported a net income of $19.7 million, or $0.16 per diluted share, nearly doubling the previous year's figures of $9.8 million, or $0.08 per diluted share. Operational EBITDA saw a 3% year-over-year increase, reaching $115 million.  Service revenue, which makes up 73% of the total quarterly revenue, grew by 7% compared to last year, largely fueled by Iridium’s growing subscriber base. On April 1, Iridium also marked a milestone by completing its first acquisition, purchasing Satelles, a provider of satellite-based time and location services. This acquisition is a strategic move to enhance the company's offerings and tackle the emerging challenges associated with GPS jamm

Great Southern Bancorp (NASDAQ:GSBC) announced its preliminary financial outcomes for the first quarter, which ended on March 31, 2024. The bank recorded earnings of $1.13 per diluted share, which culminated in a net income of $13.4 million for the quarter. This marks a decrease from the previous year's figures of $1.67 per diluted share and $20.5 million in net income. Despite the dip, the results underscore the bank's tenacity amidst economic pressures. Joseph W. Turner, the President and CEO of Great Southern, acknowledged the challenging conditions that influenced the bank’s financial performance. He cited intense competition for deposits, the adverse effects of rising interest rates, and a marginal reduction in the total loan balances as significant factors. In a continued effort to e

VinFast Auto (NASDAQ:VFS) announced that its parent company Vingroup has agreed with institutional investors on a significant alteration pertaining to its $625 million aggregate principal amount of exchangeable bonds. Specifically, the agreement will see 50% of the exchangeable bonds held by each investor redeemed, with the rest slated for scheduled partial redemptions. The adjustments are set to be finalized by May 17, 2024, aiming to modify the terms related to the exchange of these bonds for ordinary shares of VinFast. Claim Now

Boeing (NYSE:BA) is under increased scrutiny in Washington following a whistleblower testimony. Tesla (NASDAQ:TSLA) is seeking shareholder approval for Musk’s hefty compensation plan from 2018. And Mobileye (NASDAQ:MBLY) has secured major orders for new assisted-driving chips. Claim Now