12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several IT stocks showed significant movement. Minim, Smith Micro Software, ZeroFox Holdings, Manhattan Associates, Pixelworks, and Presto Automation experienced gains, with Manhattan Associates reporting Q4 earnings. Conversely, Remark Holdings, Extreme Networks, SMX, Crexendo, Oblong, and Teradyne saw declines, with Extreme Networks and Teradyne releasing their Q2 and Q4 earnings respectively.
January 31, 2024 | 1:05 pm
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POSITIVE IMPACT
Manhattan Associates' shares increased by 13.05% to $253.0 after Q4 earnings, with a market cap of $15.5 billion.
The positive movement following the Q4 earnings report suggests strong results, likely to boost investor confidence and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Minim's stock rose 26.0% to $3.2 with a market cap of $8.4 million.
The significant pre-market gain suggests positive investor sentiment, which could lead to short-term price appreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Smith Micro Software's stock increased by 19.1% to $1.06 with a market cap of $76.2 million.
The pre-market increase indicates a positive reaction from the market, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
ZeroFox Holdings' stock rose 14.44% to $1.03 with a market cap of $128.2 million.
The pre-market rise may attract more investors, potentially driving the price up in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Extreme Networks' stock fell 18.63% to $13.54 after Q2 earnings, with a market cap of $1.7 billion.
The decline post-Q2 earnings suggests the market may have reacted negatively to the earnings report, potentially leading to further short-term downside.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Remark Holdings' shares declined by 35.9% to $0.8 with a market cap of $16.7 million.
The sharp decline in pre-market trading could indicate negative investor sentiment or reactions to recent news, suggesting a potential further decrease in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Teradyne's stock declined by 7.24% to $97.02 after Q4 earnings, with a market cap of $14.8 billion.
The negative movement following the Q4 earnings report indicates that the results may not have met investor expectations, suggesting a bearish short-term outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90