TechTarget Sees Q3 Revenue $57M-$59M vs $59.42M Est.
Portfolio Pulse from Benzinga Newsdesk
TechTarget has announced its Q3 revenue guidance to be between $57 million and $59 million, which is below the estimated $59.42 million.
August 08, 2024 | 9:23 pm
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NEGATIVE IMPACT
TechTarget's Q3 revenue guidance of $57M-$59M is below the market estimate of $59.42M, which may lead to a negative short-term impact on the stock price.
The revenue guidance being below market expectations typically signals potential underperformance, which can lead to a decrease in investor confidence and a short-term drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100