SoundThinking Reaffirms FY24 Revenue $104.0M-$106.0M Vs $104.842M Est.
Portfolio Pulse from Benzinga Newsdesk
SoundThinking (SSTI) has reaffirmed its FY24 revenue guidance to be in the range of $104.0M-$106.0M, aligning closely with the market estimate of $104.842M.

May 14, 2024 | 8:12 pm
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SoundThinking's reaffirmation of its FY24 revenue guidance closely aligns with market expectations, indicating stability in its business outlook.
The reaffirmation of revenue guidance by SoundThinking suggests that the company is on track to meet market expectations, which is likely to be viewed positively by investors. However, since the guidance is in line with expectations and does not exceed them, the immediate impact on the stock price might be neutral. Investors typically react more strongly to surprises, whether positive or negative, than to confirmations of existing expectations.
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