12 Information Technology Stocks Moving In Wednesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's after-market session, several IT stocks saw significant movements. Verint Systems (VRNT), Semtech (SMTC), and Braze (BRZE) reported Q3 earnings, with their stocks moving upwards by 10.5%, 9.28%, and 5.13% respectively. Minim (MINM), Auddia (AUUD), and Inpixon (INPX) also saw gains. Conversely, CalAmp (CAMP), MicroAlgo (MLGO), Sprinklr (CXM), Mercurity Fintech Holding (MFH), BTC Digital (BTCT), and Neonode (NEON) experienced declines, with CAMP dropping 13.8% after the market closed.
December 06, 2023 | 9:31 pm
News sentiment analysis
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POSITIVE IMPACT
Braze's stock moved up by 5.13% following the release of their Q3 earnings, indicating a positive investor sentiment.
Braze's stock appreciation after the Q3 earnings announcement suggests that the results were favorable and well-received by investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Semtech's stock increased by 9.28% after the Q3 earnings report, reflecting a positive market reaction.
The rise in Semtech's stock price post-Q3 earnings suggests that the earnings report was received well by the market, potentially exceeding investor expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Verint Systems' stock rose by 10.5% after reporting Q3 earnings, indicating positive investor response to the earnings release.
The significant upward movement in Verint Systems' stock price is likely due to a favorable Q3 earnings report, which can be seen as a positive indicator of the company's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
CalAmp's stock decreased by 13.8% in after-market trading, which could indicate a negative reaction to market conditions or company-specific news.
The significant drop in CalAmp's stock price suggests negative sentiment or potentially disappointing news affecting the company, though the specific reason is not mentioned in the article.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Sprinklr's stock fell by 6.11% after the Q3 earnings release, potentially indicating less-than-expected performance.
The decline in Sprinklr's stock price following the Q3 earnings report suggests that the earnings may have missed market expectations or contained negative surprises.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90