12 Information Technology Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several Information Technology stocks showed significant movement. CalAmp, NOVONIX, Cloudflare, Cleanspark, BTC Digital, and Iris Energy were among the gainers, with increases ranging from 15.49% to 24.3%. On the losing side, EMCORE, MicroCloud Hologram, Addvantage Technologies, UTime, Pixelworks, and Lantronix saw declines between 9.3% and 26.9%. Notably, Cloudflare, Cleanspark, EMCORE, Pixelworks, and Lantronix had recent earnings releases influencing their stock movements.
February 09, 2024 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
EMCORE's stock fell 26.9% to $0.46, with a market cap of $35.5 million, after Q1 earnings were released.
The sharp decline in EMCORE's stock price following its Q1 earnings release indicates a negative market reaction, likely leading to a bearish short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Pixelworks' shares declined 11.56% to $1.99, with a market value of outstanding shares at $113.6 million, after Q4 earnings were announced.
Pixelworks' stock price decline post-Q4 earnings suggests a negative investor response, potentially leading to a bearish short-term trend.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
CalAmp shares surged 24.3% to $3.07 in pre-market trading, with a market value of outstanding shares at $5.0 million.
The significant pre-market surge in CalAmp's stock price could attract more investor interest, potentially maintaining or increasing the stock's upward momentum in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cloudflare's stock rose 23.46% to $111.5, with a market cap of $37.4 billion, following the release of Q4 earnings.
Cloudflare's stock price increase is directly linked to the positive reception of its Q4 earnings, suggesting a bullish short-term outlook as investors respond favorably.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95