12 Information Technology Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, 12 Information Technology stocks showed significant movements. Quantum, SPI Energy, Rekor Systems, CCSC Technology, Gryphon Digital Mining, and Airspan Networks Holdings were among the gainers, with increases ranging from 3.46% to 5.0%. On the losing side, SolarEdge Technologies, Palo Alto Networks, Sprout Social, Amplitude, CISO Global, and Matterport saw declines between 9.45% and 19.8%, mostly attributed to their Q4 earnings reports.
February 20, 2024 | 9:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Palo Alto Networks stock declined by 14.2% to $314.14, with a market value of $99.0 billion, after Q2 earnings were announced.
Palo Alto Networks' stock price decline is attributed to its Q2 earnings report, indicating the results may have disappointed investors.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
SolarEdge Technologies stock fell 19.8% to $67.68, with a market cap of $3.8 billion, following their Q4 earnings release.
The significant drop in SolarEdge's stock price is directly linked to its Q4 earnings report, suggesting the results did not meet market expectations.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Quantum shares rose 5.0% to $0.5, with a market value of $47.7 million.
The increase in Quantum's stock price could indicate positive investor sentiment, potentially due to company-specific news or broader market trends.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80