12 Information Technology Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, several Information Technology stocks showed significant movement. Notably, Arteris, Upland Software, and Luna Innovations were among the top gainers, while Sprout Social, Red Cat Holdings, and GSI Technology led the losers. The movements were largely driven by the release of quarterly earnings reports.
May 03, 2024 | 4:31 pm
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POSITIVE IMPACT
Arteris shares surged 32.0% to $7.83, following their Q1 earnings report, with a market cap of $300.4 million.
The significant surge in Arteris's stock price is directly attributed to the positive reception of their Q1 earnings report, indicating strong performance or outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Upland Software's stock rose 28.96% to $2.6 after their Q1 earnings announcement, with a market cap of $75.1 million.
Upland Software's stock price increase is a direct response to their latest earnings report, suggesting positive investor sentiment towards their financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Cloudflare's stock fell 17.71% to $73.22 following their Q1 earnings report, with a market cap of $24.8 billion.
Cloudflare's significant stock price drop after the Q1 earnings announcement indicates a negative market reaction, possibly due to disappointing results or outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Sprout Social's shares fell 37.1% to $30.31 after their Q1 earnings, with a market cap of $1.7 billion.
The sharp decline in Sprout Social's stock price post-Q1 earnings suggests the market reacted negatively to their financial results or forecasts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90