12 Information Technology Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several information technology stocks showed significant movement. Okta, Spectaire Holdings, C3.ai, SMX, Ondas Holdings, and Vertex were among the gainers, with Okta leading with a 23.4% increase following its Q4 earnings report. On the losing side, Endava, Snowflake, DoubleVerify Holdings, LivePerson, Presto Automation, and Focus Universal saw declines, with Endava dropping 21.7% after its Q2 earnings report.
February 29, 2024 | 1:06 pm
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POSITIVE IMPACT
Okta shares surged 23.4% to $107.7 in pre-market trading following its Q4 earnings report, with a market cap of $17.8 billion.
Okta's significant pre-market surge is directly attributed to its Q4 earnings report, indicating strong performance or positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Endava stock fell 21.7% to $50.0 during Thursday's pre-market session after its Q2 earnings report, with a market cap of $2.8 billion.
Endava's significant drop in pre-market trading is directly linked to its Q2 earnings report, suggesting the results did not meet investor expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Snowflake's stock declined by 19.93% to $184.18 with a market cap of $60.5 billion following its Q4 earnings report.
Snowflake's decline is attributed to its Q4 earnings report, indicating the results may have disappointed investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90