Verint Reports Downbeat Results, Joins C3.ai, Credo Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Verint Systems Inc. reported disappointing Q2 results, missing both earnings and sales estimates, and announced a $200 million stock buyback program. This led to a 15% drop in its stock price in pre-market trading. Other companies like C3.ai, Credo Technology, and ChargePoint also saw significant declines due to various earnings-related announcements.
September 05, 2024 | 12:28 pm
News sentiment analysis
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NEUTRAL IMPACT
Hewlett Packard Enterprise shares slipped 2.3% in pre-market trading despite reporting better-than-expected Q3 results.
Despite better-than-expected Q3 results, HPE's stock saw a slight decline, possibly due to broader market trends or profit-taking.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 40
NEGATIVE IMPACT
C3.ai shares fell 18.7% in pre-market trading following the announcement of its first-quarter results.
The significant drop in C3.ai's stock price suggests that the market reacted negatively to its Q1 results, indicating potential issues with the company's performance or outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
ChargePoint Holdings shares fell 8.9% in pre-market trading after reporting worse-than-expected Q2 revenue results.
ChargePoint's stock price decline is attributed to its Q2 revenue results missing expectations, which is a negative signal for investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Copart shares declined 6.1% in pre-market trading after reporting worse-than-expected Q4 financial results.
The decline in Copart's stock price suggests that the market was disappointed with its Q4 financial performance.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Credo Technology shares declined 13.1% in pre-market trading after releasing its first-quarter results.
The decline in Credo Technology's stock price indicates a negative market reaction to its Q1 results, suggesting that the results did not meet investor expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Verint Systems reported Q2 earnings and sales below expectations, leading to a 15% drop in pre-market trading. The company also announced a $200 million stock buyback program.
Verint's earnings and sales missed analyst estimates, which is a negative indicator for investors. The announcement of a stock buyback program did not offset the negative sentiment, leading to a significant drop in the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100