PubMatic shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued weak guidance. Raymond James downgraded the stock from Outperform to Market Perform following the report.
Portfolio Pulse from Benzinga Newsdesk
PubMatic shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued weak guidance. Raymond James downgraded the stock from Outperform to Market Perform following the report.

August 09, 2024 | 2:18 pm
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PubMatic shares are trading lower due to worse-than-expected Q2 revenue results and weak guidance. Additionally, Raymond James downgraded the stock from Outperform to Market Perform.
The combination of disappointing Q2 revenue results, weak guidance, and a downgrade from Raymond James is likely to negatively impact PubMatic's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100