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 Q1 earnings reports. OneSpan, Digimarc, Wetouch Technology, Clearfield, Five9, and Greenidge Generation saw gains, with OneSpan leading at a 20.2% increase. Conversely, Sprout Social, MariaDB, Marin Software, BigBear.ai, Cloudflare, and Next Technology Holding experienced declines, with Sprout Social dropping 22.8%.
May 02, 2024 | 8:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Cloudflare's stock declined 14.02% to $76.5 following its Q1 earnings report, reflecting investor concerns.
Cloudflare's significant stock price drop after its Q1 earnings announcement indicates investor worries about its financial health or future prospects.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Sprout Social shares fell 22.8% to $37.2 after its Q1 earnings, indicating a negative market reaction.
The sharp decline in Sprout Social's stock price post-Q1 earnings suggests the market was disappointed with the company's financial results.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
OneSpan stock surged 20.2% to $13.16 after its Q1 earnings report, indicating strong performance.
The significant increase in OneSpan's stock price following its Q1 earnings report suggests positive investor reaction to the company's financial performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90