12 Information Technology Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several IT stocks saw significant movement. SentinelOne (S) and ZeroFox Holdings (ZFOX) experienced gains after releasing their Q3 earnings, with SentinelOne rising 8.7% and ZeroFox 4.26%. Other gainers included GSE Systems (GVP), MicroAlgo (MLGO), Movella Holdings (MVLA), and AEye (LIDR). Conversely, Box (BOX), Yext (YEXT), Asana (ASAN), MongoDB (MDB), SPI Energy (SPI), and ReAlpha Tech Corp (AIRE) saw their stock prices fall following their Q3 earnings reports.
December 05, 2023 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Asana's shares fell by 7.98% due to their Q3 earnings release.
The drop in Asana's stock price post-earnings indicates a negative investor reaction, likely due to earnings not meeting expectations.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Box's stock fell 11.0% following the release of their Q3 earnings, indicating a negative market response.
The decline in stock price post-earnings suggests that the results did not meet market expectations, which could lead to a bearish short-term sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
MongoDB's stock declined by 4.54% following their Q3 earnings announcement.
The negative movement in MongoDB's stock price suggests that the earnings report may have disappointed investors, potentially leading to a short-term downtrend.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Yext experienced a 9.42% decrease in stock price after their Q3 earnings were announced.
The significant drop suggests that the earnings report was below investor expectations, which could negatively affect the stock in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
SentinelOne's stock rose 8.7% after the Q3 earnings report, indicating a positive market reaction.
The positive earnings report is likely to instill investor confidence, potentially leading to a short-term uptrend in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ZeroFox Holdings saw a 4.26% increase in stock price after announcing Q3 earnings.
Earnings releases can have a significant impact on stock prices, and the positive reaction suggests a bullish short-term outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100