Akamai Technologies Issues Weak Outlook, Joins Applied Optoelectronics, JFrog And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Akamai Technologies issued a weak outlook, causing its shares to fall sharply in pre-market trading. Other companies like MacroGenics, Progyny, MicroVision, Applied Optoelectronics, JFrog, Navitas Semiconductor, Ginkgo Bioworks, indie Semiconductor, Yelp, and Runway Growth Finance also reported losses due to various negative financial results or guidance.
May 10, 2024 | 9:45 am
News sentiment analysis
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NEGATIVE IMPACT
Applied Optoelectronics shares declined 16.4% in pre-market trading after issuing weak Q2 guidance.
Weak future guidance can lead to investor uncertainty and a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Akamai Technologies shares fell 10.4% in pre-market trading after issuing weak FY24 guidance below market expectations.
The weak financial outlook directly impacts investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ginkgo Bioworks shares fell 10.4% in pre-market trading after reporting worse-than-expected Q1 sales results.
The sales miss for Q1 is a negative indicator for the stock, likely leading to a decrease in its price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
JFrog shares dipped 13.4% in pre-market trading after reporting Q1 financial results.
The announcement of Q1 financial results has negatively impacted the stock, indicating a potential decrease in value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
indie Semiconductor shares dipped 9.2% in pre-market trading following weak quarterly results.
Weak quarterly results can lead to negative investor sentiment, impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
MacroGenics shares plummeted 64.5% in pre-market trading after reporting worse-than-expected Q1 financial results.
Poor Q1 financial performance significantly undermines investor confidence, leading to a sharp decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
MicroVision shares declined 27.2% in pre-market trading after reporting worse-than-expected Q1 GAAP EPS results.
The negative earnings report is likely to dampen investor sentiment, causing a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Navitas Semiconductor shares fell 10.4% in pre-market trading after reporting worse-than-expected Q1 adjusted EPS results.
Poor EPS results for Q1 are likely to negatively affect investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Progyny shares declined 36% in pre-market trading after reporting worse-than-expected Q1 sales and weak FY24 sales guidance.
Negative sales results and guidance directly affect stock valuation, prompting a significant price drop.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Runway Growth Finance shares fell 6.1% in pre-market trading as the company priced its secondary offering of 3.75 million common stock at $11.50 per share.
The pricing of the secondary offering below the current market price can lead to a short-term negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Yelp shares declined 7.1% in pre-market trading after the company reported a first-quarter revenue miss.
Missing revenue targets for Q1 is likely to lead to a decrease in stock price due to negative investor reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90