12 Information Technology Stocks Moving In Monday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's after-market session, several IT stocks experienced significant movements. Sanmina, F5, and Super Micro Computer reported their earnings, with Sanmina and F5 seeing stock price increases of 14.6% and 6.54%, respectively, while Super Micro Computer's stock rose by 6.11%. Conversely, Calix's stock plummeted by 22.2% following their Q4 earnings release. Other notable movements included gains for Datasea and ASE Tech Holding, and losses for Infobird Co, MMTEC, Airspan Networks Holdings, Nano Labs, and Akoustis Technologies.
January 29, 2024 | 9:31 pm
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POSITIVE IMPACT
F5's stock increased by 6.54% to $197.5 following their Q1 earnings report, with a market cap of $11.7 billion.
The rise in F5's stock price after the Q1 earnings announcement suggests that the results were well-received by the market, likely due to better-than-expected performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Sanmina's stock surged 14.6% to $58.05 after their Q1 earnings report, with a market cap of $3.2 billion.
Positive earnings reports typically lead to an increase in stock price as they are a sign of a company's good financial health. The significant rise in Sanmina's stock price post-earnings indicates a strong investor response.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Super Micro Computer's shares rose 6.11% to $525.98 after the Q2 earnings release, with a market cap of $29.3 billion.
The increase in stock price following the Q2 earnings report indicates that investors are reacting positively to Super Micro Computer's financial results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Calix's stock tumbled 22.2% to $34.5 after their Q4 earnings, with a market cap of $2.2 billion.
A sharp decline in stock price following an earnings report typically indicates that the results did not meet investor expectations, leading to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100