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 due to their latest earnings reports. OneSpan, Yext, Rubicon Technologies, AudioEye, CompoSecure, and LivePerson were among the gainers, with notable increases in their stock prices following their Q4 earnings releases. Conversely, Methode Electronics, Cyngn, Airship AI Holdings, Ciena, CPS Technologies, and Infinera experienced declines after their earnings reports, with Methode Electronics reporting Q3 earnings and the others reporting Q4 or Q1 earnings.
March 07, 2024 | 1:05 pm
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POSITIVE IMPACT
OneSpan stock rose 43.5% to $13.75 after Q4 earnings, with a market value of $548.4 million.
The significant rise in OneSpan's stock price following the Q4 earnings report suggests positive investor reaction, likely due to better-than-expected results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Yext shares moved upwards by 25.0% to $7.45 after their Q4 earnings, with a market value of $924.3 million.
Yext's stock price increase indicates a positive market response to its Q4 earnings, suggesting the results exceeded market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ciena shares decreased by 11.9% to $54.59 after Q1 earnings, with a market cap of $7.9 billion.
Ciena's stock price drop after its Q1 earnings report indicates a negative market reaction, likely due to earnings not meeting investor expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Methode Electronics stock declined by 18.7% to $17.1 after Q3 earnings, with a market cap of $608.7 million.
The decline in Methode Electronics' stock price post-Q3 earnings suggests a negative investor reaction, possibly due to disappointing earnings results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100