Cassava Sciences, Inc. Announces Warrant Distribution to Shareholders\n\nCassava Sciences, Inc. (Nasdaq:SAVA) has announced a pro rata dividend distribution of warrants to holders of the Company’s common stock as of December 22, 2023. The warrants will be distributed to shareholders free of charge on or about January 3, 2024.\n\nThe warrants, which are expected to list and trade on Nasdaq under the ticker SAVAW, will entitle the holder to purchase one share of common stock at an initial exercise price of $33.00 per share. This distribution is part of the Company’s efforts to raise capital for its ongoing Phase 3 clinical development of oral simufilam in people with Alzheimer’s disease.\n\nDetails of Warrant Distribution\n\nShareholders will receive 4 warrants for each 10 shares of common stock held as of the Record Date, rounded down to the nearest whole number for any fractional warrant. For example, a shareholder who owns 1,000 shares of Cassava Sciences will receive 400 warrants. After the Distribution Date, warrant holders may cash-exercise their warrants or sell them on the open market.\n\nThe warrants will expire on November 15, 2024, at 5:00 p.m. New York City time, unless redeemed by the Company before that date. The Company will have the option to redeem the warrants on or after April 15, 2024, upon 20 calendar days’ notice.\n\nDetails of Bonus Share Program\n\nIn addition to the warrants, shareholders will also receive a Bonus Share Fraction, entitling them to an additional 0.5 of a share of common stock for each warrant exercised without payment of any additional exercise price. The right to receive the Bonus Share Fraction will expire on the earlier of (i) the first business day following the last day of the first 30 consecutive trading day period in which the daily volume weighted average price (VWAP) of the shares of common stock has been at least equal to a specified price, initially $26.40 per share, for at least 20 trading days and (ii) the Bonus Share Expiration Date.\n\nCassava Sciences, Inc. Has announced a warrant distribution to its shareholders, allowing them to participate in the Company’s process of raising capital. The warrants will be listed and traded on Nasdaq, separate from the Company’s common stock. Shareholders may exercise their warrants or sell them on the open market.

Palo Alto Networks (PANW) Sees Strong Performance in Security Software Industry\n\nPalo Alto Networks (PANW) has been making headlines recently as one of the most searched stocks on Zacks.com. With a 17.3% return over the past month, the company has outperformed the Zacks S&P 500 composite index, which saw a 4.9% change during the same period. \n\nOne key factor to consider is the company's earnings estimates. At Zacks, we prioritize analyzing changes in a company's projected future earnings as a key indicator of its stock's value. As earnings estimates increase, so does the stock's fair value, leading to an increase in its market price. This correlation between earnings estimates and stock price movements has been supported by empirical studies.\n\nFor the current quarter, Palo Alto is expected to post earnings of $1.30 per share, a 23.8% increase from the previous year. Over the last 30 days, the Zacks Consensus Estimate has increased by 8.5%. Similarly, for the current fiscal year, the consensus earnings estimate of $5.49 points to a 23.7% increase from the previous year, with a 9% increase over the last 30 days. Looking ahead, the consensus estimate for the next fiscal year is $6.43, indicating a 17.2% increase from the previous year, with a 0.6% increase over the last 30 days.\n\nIn addition to earnings estimates, our proprietary stock rating tool, the Zacks Rank, also takes into account a company's track record and external audits. Due to the recent increase in earnings estimates, along with other factors, Palo Alto is currently rated Zacks Rank #3 (Hold).\n\nWhile earnings growth is a key indicator of a company's financial health, revenue growth is also crucial. In the case of Palo Alto, the consensus sales estimate of $1.97 billion for the current quarter represents a 19.1% increase from the previous year. Looking ahead, the estimates for the current and next fiscal years indicate increases of 18.6% and 18%, respectively.\n\nIn its last reported quarter, Palo Alto saw a 20.1% increase in revenues, with earnings per share of $1.38 compared to $0.83 in the previous year. While the company has not consistently surpassed consensus revenue estimates, it has an impressive earnings surprise history, beating the Zacks Consensus Estimate in each of the last four quarters with an average surprise of 9.9%.\n\n Palo Alto Networks (PANW) continues to see strong performance in the security software industry, with increasing earnings and revenue estimates.