12 Information Technology Stocks Moving In Monday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's after-market session, several Information Technology stocks showed notable movements. AuthID, XIAO-I, Gorilla Tech Gr, UTime, Alpine 4 Holdings, and Akoustis Technologies were among the gainers, with increases ranging from 4.26% to 10.0%. On the downside, Calix, Cadence Design Sys, Taoping, MariaDB, Sprinklr, and Vertex experienced declines between 3.47% and 15.3%, with Calix and Cadence Design Sys reporting Q1 earnings.
April 22, 2024 | 8:31 pm
News sentiment analysis
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POSITIVE IMPACT
AuthID stock rose 10.0% to $8.5, with a market value of $80.3 million.
The significant after-market rise in AuthID's stock price suggests positive investor sentiment, potentially due to company-specific news or broader market trends.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Calix stock declined by 15.3% to $25.05, with a market cap of $1.6 billion, following Q1 earnings release.
The sharp decline in Calix's stock price post-Q1 earnings indicates the market's negative reaction to the earnings report, suggesting it may have missed expectations.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Cadence Design Sys stock declined by 8.78% to $260.01, with a market cap of $70.8 billion, after Q1 earnings.
Cadence Design Sys' stock price drop following Q1 earnings suggests the results may have been below market expectations, impacting investor confidence.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95