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. Inseego, Actelis Networks, WaveDancer, Signing Day Sports, Gen Digital, and Aware were among the gainers, with Inseego leading by a 15.4% increase after announcing Q1 earnings. Conversely, Applied Optoelectronics, Navitas Semiconductor, Evolv Technologies, Akamai Technologies, JFrog, and Arlo Technologies experienced declines, with Applied Optoelectronics dropping 21.7% following their Q1 earnings release.
May 09, 2024 | 8:30 pm
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POSITIVE IMPACT
Gen Digital's stock rose 4.96% to $21.35 following the release of its Q4 earnings, with a market cap of $13.5 billion.
Gen Digital's positive stock movement is linked to its Q4 earnings announcement, indicating investor confidence and a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Inseego shares surged 15.4% to $4.43 after announcing Q1 earnings, with a market cap of $52.6 million.
The significant increase in Inseego's stock price is directly attributed to the positive reception of their Q1 earnings report, indicating strong short-term bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Applied Optoelectronics shares fell 21.7% to $8.25 after its Q1 earnings were announced, with a market cap of $319.5 million.
The sharp decline in Applied Optoelectronics' stock price is a direct response to its Q1 earnings report, suggesting a negative market reaction and bearish short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Akamai Technologies shares declined 8.99% to $93.25 after its Q1 earnings were released, with a market cap of $14.2 billion.
The decrease in Akamai Technologies' stock price post-Q1 earnings suggests a negative market reaction, pointing to a bearish short-term sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90