12 Information Technology Stocks Moving In Thursday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's after-market session, 12 Information Technology stocks showed significant movements. CCSC Technology led the gainers with a 64.1% increase, while 8x8 experienced the largest drop among the losers, declining by 13.1%. Notably, ASE Tech Holding Co's shares rose by 4.93% following their Q4 earnings report, and both Gen Digital and Atlassian saw declines after their Q3 and Q2 earnings reports, respectively.
February 01, 2024 | 9:31 pm
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NEGATIVE IMPACT
8x8 stock decreased by 13.1% to $2.58, with a market value of $315.1 million, following their Q3 earnings report.
The decline in 8x8's stock price can be attributed to the market's reaction to their Q3 earnings report, suggesting it did not meet investor expectations.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Gen Digital stock fell 9.7% to $21.6, with a market cap of $13.8 billion, after their Q3 earnings report.
The decrease in Gen Digital's stock price is likely due to investor disappointment with their Q3 earnings report, indicating it fell short of expectations.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Atlassian shares declined by 6.63% to $238.02, with a market value of $61.4 billion, following their Q2 earnings report.
The drop in Atlassian's stock price post-Q2 earnings suggests the results did not meet market expectations, leading to negative investor sentiment.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
ASE Tech Holding Co's shares rose by 4.93% to $9.5 following their Q4 earnings report, with a market cap of $20.4 billion.
The increase in ASE Tech Holding Co's stock price is directly linked to the release of their Q4 earnings report, indicating positive market reception.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
CCSC Technology shares surged by 64.1% to $6.4, with a market value of $72.8 million.
The significant surge in CCSC Technology's stock price likely reflects positive investor sentiment, potentially due to unmentioned catalysts in the after-market session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90