12 Information Technology Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several information technology stocks showed significant movement. Presto Automation (PRST) led the gainers with a 31.0% increase, while Jamf Holding (JAMF) experienced the largest drop among the losers, decreasing by 12.4%. Notably, Ambarella (AMBA) and Brightcove (BCOV) reported their Q4 earnings, influencing their stock prices positively.
February 27, 2024 | 9:31 pm
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NEGATIVE IMPACT
Jamf Holding shares fell 12.4% to $17.5 after their Q4 earnings report, with a market cap of $2.2 billion.
The decline in JAMF's stock price post-Q4 earnings indicates investor disappointment or concerns, likely leading to short-term bearish sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Ambarella shares rose 14.12% to $66.14 following their Q4 earnings release, with a market cap of $2.6 billion.
The positive reaction to Ambarella's Q4 earnings suggests strong performance or outlook, likely to keep the stock on an upward trajectory in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Presto Automation stock surged 31.0% to $0.74, with a market value of $59.7 million.
The significant surge in PRST's stock price could attract more investor interest in the short term, potentially maintaining upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90