12 Information Technology Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several information technology stocks showed significant movement. Cyngn, MicroAlgo, Semtech, Verint Systems, HeartCore Enterprises, and Braze experienced gains, with Cyngn leading at a 108.4% increase. On the other hand, Red Cat Holdings, Sprinklr, SAI.TECH Global, C3.ai, Marin Software, and ZeroFox Holdings saw their stock prices fall, with Red Cat Holdings dropping by 29%. The movements were largely attributed to recent Q3 earnings reports, with Semtech, Verint Systems, Braze, Sprinklr, and ZeroFox Holdings having released their earnings within the last two days.
December 07, 2023 | 1:06 pm
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POSITIVE IMPACT
Braze's stock rose 7.98% to $60.6 following their Q3 earnings, with a market cap of $5.9 billion.
The positive movement in Braze's stock price post-earnings could indicate favorable investor response, likely to boost short-term performance.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cyngn's stock surged 108.4% in pre-market trading, with a market cap of $21.2 million.
The substantial pre-market gain for Cyngn is likely to attract investor interest and could lead to short-term price momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
HeartCore Enterprises' stock went up by 9.07% to $0.63, with a market cap of $13.2 million.
The increase in HeartCore Enterprises' stock price may suggest a positive outlook among investors, potentially leading to short-term gains.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MicroAlgo's stock increased by 71.92% to $16.47, with a market cap of $722.3 million.
The sharp rise in MicroAlgo's stock price could indicate positive investor sentiment and potential short-term growth.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Semtech's shares rose 13.77% to $19.0 following their Q3 earnings release, with a market cap of $1.2 billion.
Positive reaction to Q3 earnings could continue to drive Semtech's stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Verint Systems' stock increased by 9.28% to $26.26 after their Q3 earnings, with a market cap of $1.6 billion.
The stock's gain after Q3 earnings suggests that the results were well-received, potentially leading to further short-term increases.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
C3.ai's stock declined by 10.46% to $26.11 following their Q2 earnings report, with a market cap of $3.0 billion.
The negative movement in C3.ai's stock price after the Q2 earnings report could indicate a bearish outlook, likely affecting short-term performance.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Sprinklr's stock decreased by 28.33% to $11.97 after their Q3 earnings, with a market cap of $3.2 billion.
The sharp decline in Sprinklr's stock price post-earnings suggests a negative market reaction, which may continue in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Marin Software's stock decreased by 6.68% to $0.35, with a market cap of $6.2 million.
The drop in Marin Software's stock price may reflect a negative sentiment among investors, possibly leading to further short-term drops.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Red Cat Holdings' shares fell 29.0% to $0.54, with a market cap of $30.0 million.
The significant drop in Red Cat Holdings' stock price could reflect negative investor sentiment, likely leading to further short-term declines.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
SAI.TECH Global's stock fell 13.52% to $0.96, with a market cap of $22.8 million.
The decline in SAI.TECH Global's stock could be a sign of investor uncertainty, potentially leading to further short-term decreases.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ZeroFox Holdings' stock fell 5.68% to $0.6, with a market cap of $74.7 million, following their Q3 earnings report two days ago.
The decline in ZeroFox Holdings' stock price after Q3 earnings may continue to influence short-term trading negatively.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80