12 Information Technology Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, several information technology stocks experienced significant movements. CommScope Holdings, Next Technology Holding, Benchmark Electronics, FormFactor, Maxeon Solar Technologies, and NextTrip saw their stocks rise, with notable gains attributed to recent earnings reports for some. Conversely, Fastly, Brand Engagement Network, Freshworks, Netgear, Appian, and MMTEC faced declines, with poor Q1 earnings reports contributing to the drops for many.
May 02, 2024 | 4:31 pm
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NEGATIVE IMPACT
Freshworks faced a 25.9% decline to $13.53, with a market cap of $4.0 billion, after its Q1 earnings were released.
The decline in Freshworks' stock price post-Q1 earnings suggests a negative market reaction to its financial performance or outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 85
NEGATIVE IMPACT
Fastly's stock declined by 34.9% to $8.42, with a market cap of $1.1 billion, following its Q1 earnings report.
Fastly's significant stock price decline is directly linked to its Q1 earnings report, indicating investor disappointment or concerns over the company's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Benchmark Electronics stock rose 16.6% to $35.32, with a market cap of $1.2 billion, following its Q1 earnings release.
Benchmark Electronics' stock price increase is likely due to positive investor response to its Q1 earnings report, reflecting confidence in the company's financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
CommScope Holdings rose 18.6% amid market activities, with a market cap of $219.8 million.
The significant rise in CommScope's stock price could be attributed to market reactions to recent company developments or broader sector movements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80