Why Lands' End Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Portfolio Pulse from Avi Kapoor
Lands' End, Inc. (NASDAQ:LE) shares fell 9.3% to $12.60 after reporting a quarterly adjusted loss of 20 cents per share, which beat the analyst consensus estimate of 26 cents per share. The company also reported quarterly sales of $285.47 million, surpassing the analyst consensus estimate of $269.82 million. Other notable stock movements include Actelis Networks, Inc. (NASDAQ:ASNS) jumping 512% after announcing orders for cyber-hardened networking technology, and WalkMe Ltd. (NASDAQ:WKME) gaining 42.1% after entering into a definitive agreement to be acquired by SAP.
June 05, 2024 | 5:04 pm
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Lands' End shares fell 9.3% to $12.60 after reporting a quarterly adjusted loss of 20 cents per share, which beat the analyst consensus estimate of 26 cents per share. The company also reported quarterly sales of $285.47 million, surpassing the analyst consensus estimate of $269.82 million.
Despite beating both earnings and sales estimates, Lands' End shares fell sharply, indicating that investors may have had higher expectations or other concerns about the company's future performance.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Actelis Networks, Inc. shares jumped 512% to $2.88 after the company announced orders for cyber-hardened networking technology to be deployed at three US military bases.
The significant jump in share price is due to the announcement of new orders for cyber-hardened networking technology, which is a positive development for the company.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
WalkMe Ltd. shares gained 42.1% to $13.70 after the company announced it entered into a definitive agreement to be acquired by SAP.
The acquisition by SAP is a significant positive development for WalkMe, leading to a substantial increase in its share price.
CONFIDENCE 100
IMPORTANCE 85
RELEVANCE 100