12 Information Technology Stocks Moving In Thursday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's after-market session, several information technology stocks showed significant movement. Cloudflare (NET) and BILL Holdings (BILL) led the gainers with over 16% increases in their stock prices following their latest earnings reports. Impinj (PI) and Cleanspark (CLSK) also saw notable rises. On the downside, EMCORE (EMKR) and CCSC Technology (CCTG) experienced the largest drops, attributed to their earnings releases. Other stocks like MicroCloud Hologram (HOLO), MicroAlgo (MLGO), Lantronix (LTRX), and Argo Blockchain (ARBK) also declined.
February 08, 2024 | 9:31 pm
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NEGATIVE IMPACT
CCSC Technology's shares fell 11.79% following its earnings announcement, with a market cap of $47.6 million.
The drop in CCSC Technology's stock price can be attributed to its latest earnings report, suggesting the results did not meet investor expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
EMCORE's stock plummeted 20.5% after its Q1 earnings, with a market cap of $38.6 million.
EMCORE's significant stock price decline is linked to its Q1 earnings release, indicating potentially disappointing results or negative market reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
BILL Holdings' shares rose 16.6% following the Q2 earnings report, reaching a market cap of $9.4 billion.
BILL Holdings' stock price increase is a direct result of its Q2 earnings announcement, suggesting positive results or investor reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Cloudflare's stock surged 17.1% after Q4 earnings, with a market cap of $35.5 billion.
The significant increase in Cloudflare's stock price is directly attributed to its Q4 earnings report, indicating strong performance or positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100