Daily Brief United States: Intel Corp, Kyber Network Crystal, Teradyne Inc, PancakeSwap, Rocket Pool, Five9 Inc, FRAX Token, DocuSign Inc, NFT, NortonLifeLock and more

• How many kitchens does Intel have? Intel guided 1Q2023 revenues to $11B, down 40% YoY / 22% QoQ and 21% (!!) below consensus $14B. 
• 1Q23 gross margins ex-accounting change guided to 36%, the lowest since 1986!
• Intel’s worsening FCF means dividend cuts are on the table.

• What is Kyber Network and how does it work?
• The relatively old protocol might not be the most popular option with its meager $15 million TVL, but future updates have the potential to turn Kyber into a liquidity hub for the entire DeFi market.
• There are almost too many decentralized exchanges in DeFi, which contributes to a rising problem of liquidity balkanization.

• Teradyne delivered a solid result in the last quarter as the company surpassed analyst expectations with respect to revenues as well as earnings.
• At the operating level, it cleared some supply bottlenecks that allowed the company to ship more of semiconductor test products than previously planned.
• Automation Group’s quarter revenue, in constant currency, grew.

As of recently, Binance Smart Chain’s elusive PancakeSwap became quite popular among DeFi investors, reaching a level where it competes against traditional DEX options like Uniswap and SushiSwap.

Did PancakeSwap rightfully earn its fame and if so, how?

PancakeSwap is a decentralized exchange on Binance Smart Chain, one of Ethereum’s top competitors.

• Rocket Pool is undoubtedly the most popular name in the arena of Ethereum 2.0 staking pools, but how does it work and is it secure enough for beginners?
• Ethereum 2.0 is here, and everyone is now interested in making profits from their existing crypto assets by staking.
• Ethereum 2.0 is here, and everyone is now interested in making profits from their existing crypto assets by staking.

• Five9 delivered an all-around beat in its last result as the company stock has seen a reversal in fortunes over the past few weeks.
• The company gets leverage from its channels, ecosystem of partners, and system integrators, which helped it build its pipeline in its last result.
• Overall, we provide the stock of Five9 with a ‘Hold’ rating and a revision in the target price.

• Even if the Tether FUD is only typical FUD, we still have to search for other healthy alternatives that help investors with hedging against the market.
• For some, algorithmic stablecoins are the best option and one popular project that stands out is Frax Finance.
• Without a shadow of a doubt, stablecoins are the most boring type of cryptocurrencies.

• DocuSign delivered solid quarter results despite the challenging operating environment, surpassing Wall Street expectations in terms of both, the top and bottom lines.
• However, the company stills see healthy results with customers recognizing DocuSign high-ROI applications that are cost-effective, efficient, and easy to use.
• DocuSign is continuing its innovation on the CLM front, solidifying its execution, customer validation, and vision within the CLM space.

• Are NFTs more than just pictures issued on a blockchain?
• There must be surely something more to non-fungible tokens, given that one sold for $69 million last week. Not an avid reader? That’s fine.
• You can also learn about NFTs in video format! Non-fungible tokens (NFTs) have, for better or worse, expanded into new territory: mainstream circles.

• After combining the Norton LifeLock and Avast businesses, the company has been renamed as Gen Digital – a corporation with the goal to develop technological solutions that will allow users to profit fully from the online environment while maintaining their privacy and confidence.
• Today, the company’s brand portfolio includes well-known brands, including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner.
• In this report, we have carried out a fundamental analysis of the historical financial statements of the company.