12 Information Technology Stocks Moving In Thursday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's after-market session, several Information Technology stocks showed significant movement due to their Q4 earnings reports. Porch Group, Samsara, DocuSign, X3 Holdings, Auddia, and Mobix Labs were among the gainers, with Porch Group leading with a 21.9% increase. On the other hand, BigBear.ai Holdings, MongoDB, Marvell Tech, Domo, Guidewire Software, and MultiSensor AI Holdings faced declines, with BigBear.ai Holdings dropping by 14.9%. The movements were largely attributed to the companies' latest quarterly earnings reports.
March 07, 2024 | 9:31 pm
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POSITIVE IMPACT
DocuSign stock increased by 13.36% to $60.72, with a market cap of $12.3 billion, following Q4 earnings.
DocuSign's stock appreciation is a direct result of the positive investor sentiment towards their Q4 earnings, indicating a favorable financial performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Samsara shares increased by 14.9% to $39.48 after Q4 earnings, with a market value of $21.3 billion.
Samsara's stock price rise is attributed to the market's positive reaction to their Q4 earnings, suggesting strong financial health or performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Porch Group shares surged 21.9% after Q4 earnings, with a market value of $374.7 million.
The significant surge in Porch Group's stock price is directly linked to the positive reception of their Q4 earnings report, indicating strong performance or better-than-expected results.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
BigBear.ai Holdings stock fell 14.9% to $3.2 after Q4 earnings, with a market value of $702.1 million.
The decline in BigBear.ai Holdings' stock price is likely due to the market's negative reaction to their Q4 earnings, possibly indicating less favorable financial results.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
MongoDB shares decreased by 11.95% to $362.81, with a market value of $26.1 billion, after Q4 earnings.
MongoDB's stock price drop is linked to the market's reaction to their Q4 earnings, suggesting the financial results may not have met expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Marvell Tech stock declined by 9.99% to $76.59, with a market cap of $66.2 billion, after Q4 earnings.
The decrease in Marvell Tech's stock price can be attributed to investor reactions to their Q4 earnings, possibly indicating disappointing financial performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90