One Stop Systems shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued Q3 revenue guidance below estimates. Additionally, multiple firms downgraded the stock and lowered their respective price targets.
Portfolio Pulse from Benzinga Newsdesk
One Stop Systems (OSS) reported lower than expected Q2 revenue and issued Q3 revenue guidance below estimates. This led to multiple firms downgrading the stock and lowering their price targets.
August 11, 2023 | 2:37 pm
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NEGATIVE IMPACT
One Stop Systems' lower than expected Q2 revenue and disappointing Q3 guidance led to a downgrade by multiple firms, which could negatively impact the stock price.
One Stop Systems reported lower than expected Q2 revenue and issued Q3 revenue guidance below estimates. This negative financial performance led to multiple firms downgrading the stock and lowering their price targets, which is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100