12 Information Technology Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several IT stocks showed significant movement. AgileThought (AGIL) and Marin Software (MRIN) were among the gainers, with shares rising 13.3% and 12.72%, respectively. Akoustis Technologies (AKTS) also gained after its Q1 earnings 4 days ago. On the losing side, CalAmp (CAMP) and Alpha Technology Group (ATGL) saw shares drop by 15.4% and 12.64%. American Software (AMSWA), WaveDancer (WAVD), Applied Materials (AMAT), and Dolby Laboratories (DLB) all fell post-earnings reports.
November 17, 2023 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Materials stock declined by 7.12% to $143.79 post-Q4 earnings, with a market value of $120.2 billion.
The decline after the Q4 earnings report could suggest a negative market response to the company's financial performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
American Software shares fell 10.02% to $9.88 post-Q2 earnings, with a market value of $337.5 million.
The drop after the Q2 earnings report suggests the market may have reacted negatively to the earnings results.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Alpha Technology Group stock decreased by 12.64% to $26.06, with a market value of $390.9 million.
The pre-market decline could reflect a bearish sentiment that may affect the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
CalAmp shares decreased by 15.4% to $0.32 with a market cap of $12.3 million.
The sharp decline in pre-market may indicate negative investor sentiment, potentially leading to further short-term losses.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Dolby Laboratories stock declined by 5.95% to $82.55 post-Q4 earnings, with a market cap of $7.8 billion.
The stock's decrease following the Q4 earnings suggests that the earnings report may not have met investor expectations.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
WaveDancer shares decreased by 7.17% to $2.59 post-Q3 earnings, with a market value of $5.0 million.
The negative movement post-earnings indicates a possible adverse reaction to the Q3 earnings report.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
AgileThought shares rose 13.3% to $0.09 with a market cap of $4.8 million.
The significant pre-market gain suggests positive investor sentiment, which could lead to short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Akoustis Technologies stock rose 10.46% to $0.76, with a market cap of $55.0 million following its Q1 earnings release 4 days ago.
The stock's gain after Q1 earnings suggests a positive market reaction to the earnings report.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Marin Software stock increased by 12.72% to $0.31 with a market cap of $5.5 million.
The pre-market rise indicates a bullish outlook that may continue in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90