Silvaco shares are trading lower after the company reported a decline in orders from Asia during Q3 and cut its FY24 revenue outlook.
Portfolio Pulse from Benzinga Newsdesk
Silvaco shares are trading lower following a report of decreased orders from Asia in Q3 and a reduction in the company's FY24 revenue outlook.
October 15, 2024 | 8:23 pm
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NEGATIVE IMPACT
Silvaco's stock is experiencing a decline due to a reported decrease in orders from Asia during Q3 and a lowered FY24 revenue outlook.
The decline in orders from Asia, a significant market, directly impacts Silvaco's revenue projections, leading to a negative market reaction and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100