12 Information Technology Stocks Moving In Monday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's after-market session, several Information Technology stocks showed notable movements. Iveda Solutions, WaveDancer, SMX, Quantum, DatChat, and Sonim Technologies were among the gainers, with increases ranging from 3.96% to 9.2%. On the downside, Nano Labs, Teradata, Lattice Semiconductor, Cadence Design Systems, Airship AI Holdings, and MicroAlgo experienced declines between 5.01% and 13.6%. Notably, Teradata, Lattice Semiconductor, and Cadence Design Systems reported their Q4 earnings.
February 12, 2024 | 9:30 pm
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NEGATIVE IMPACT
Cadence Design Systems stock fell 5.52% to $289.67, with a market cap of $78.8 billion, after Q4 earnings were reported.
The post-earnings drop in CDNS's stock price reflects a negative investor reaction to the Q4 report, indicating possible short-term downward movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95
NEGATIVE IMPACT
Lattice Semiconductor shares fell 6.34% to $66.5, with a market value of $9.1 billion, after its Q4 earnings release.
LSCC's stock price decrease following the Q4 earnings announcement suggests a negative market response, likely leading to short-term bearish trends.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95
NEGATIVE IMPACT
Teradata stock declined by 12.38% to $42.75, with a market value of $4.1 billion, following its Q4 earnings report.
The decline in TDC's stock price post-Q4 earnings indicates the market's negative reaction to the earnings report, suggesting potential short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95
POSITIVE IMPACT
Iveda Solutions stock increased by 9.2% to $0.69, with a market value of $11.1 million.
The significant after-market increase in IVDA's stock price suggests positive investor sentiment, potentially leading to short-term upward momentum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90