12 Information Technology Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several information technology stocks showed significant movement. Gainers included Tempo Automation Holdings (TMPO), Applied Optoelectronics (AAOI), Atlassian (TEAM), BigCommerce Holdings (BIGC), ACM Research (ACMR), and Casa Systems (CASA). Losers included Fortinet (FTNT), DigitalOcean Holdings (DOCN), WaveDancer (WAVD), Synaptics (SYNA), Sprout Social (SPT), and DatChat (DATS). Most of these movements were associated with the release of Q2 earnings reports.
August 04, 2023 | 3:24 pm
News sentiment analysis
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NEGATIVE IMPACT
DatChat stock declined by 7.56% to $0.47.
The decrease in DATS's share price is likely due to negative market sentiment. However, the company's relatively small market cap suggests that it may be more susceptible to price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DigitalOcean Holdings shares fell 17.96% to $38.3 after Q2 earnings report.
The decrease in DOCN's share price is likely due to negative reaction to its Q2 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Fortinet stock declined by 18.0% to $62.12 after Q2 earnings report.
The decrease in FTNT's share price is likely due to negative reaction to its Q2 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sprout Social stock decreased by 8.21% to $49.0 after Q2 earnings release.
The decrease in SPT's share price is likely due to negative reaction to its Q2 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Synaptics stock fell 10.95% to $79.95 after Q4 earnings release.
The decrease in SYNA's share price is likely due to negative reaction to its Q4 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
WaveDancer shares decreased by 11.27% to $0.42.
The decrease in WAVD's share price is likely due to negative market sentiment. However, the company's relatively small market cap suggests that it may be more susceptible to price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Applied Optoelectronics shares moved upwards by 24.12% to $8.18 after Q2 earnings release.
The increase in AAOI's share price is likely due to positive reaction to its Q2 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ACM Research stock increased by 12.36% to $13.45 after Q2 earnings report.
The increase in ACMR's share price is likely due to positive reaction to its Q2 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BigCommerce Holdings shares moved upwards by 16.99% to $11.15 after Q2 earnings release.
The increase in BIGC's share price is likely due to positive reaction to its Q2 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Casa Systems shares moved upwards by 11.76% to $1.14.
The increase in CASA's share price is likely due to positive market sentiment. However, the company's relatively small market cap suggests that it may be more susceptible to price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Atlassian shares rose 21.04% to $205.36 after Q4 earnings report.
The increase in TEAM's share price is likely due to positive reaction to its Q4 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tempo Automation Holdings shares moved upwards by 30.7% to $0.33.
The significant increase in TMPO's share price is likely due to positive market sentiment. However, the company's relatively small market cap suggests that it may be more susceptible to price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100