12 Information Technology Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, 12 Information Technology stocks showed significant movements. Notably, Consensus Cloud Solutions, SiTime, Pagaya Technologies, 8x8, CommScope Holding Co, and AppLovin reported gains following their Q1 earnings releases. Conversely, EMCORE, Cerence, SkyWater Technology, EPAM Systems, Backblaze, and Cyngn experienced declines after their earnings reports, with EMCORE seeing a dramatic drop.
May 09, 2024 | 4:31 pm
News sentiment analysis
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NEGATIVE IMPACT
EMCORE plummeted 62.4% following Q2 earnings, with a market value of $8.4M.
The drastic decline in EMCORE's stock price post-Q2 earnings indicates a negative market reaction to its financial results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
EPAM Systems fell 24.7% after Q1 earnings, market value at $10.8B.
EPAM Systems' stock price drop following its Q1 earnings report reflects investor dissatisfaction with its financial performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Consensus Cloud Solutions rose 36.3% after Q1 earnings, market cap at $346.4M.
The significant rise in CCSI's stock price following its Q1 earnings report indicates positive investor response to the company's financial performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
SiTime climbed 30.1% after Q1 earnings, with a market value of $2.8B.
SiTime's stock price increase post-Q1 earnings suggests the market's positive reception to its financial health.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90