Tag: Today

Why Criteo Stock Is Rising Today

What happened

Shares of advertising-technology company Criteo (NASDAQ:CRTO) are rising today, possibly because of a Susquehanna analyst. Shyam Patil met with management and said the company may be reimagining itself — and a reimagining would be good, considering the stock is down around 50% over the past five years. As of 11:30 a.m. EST, Criteo stock was up 7%.

So what

According to The Fly, Patil met with Criteo’s management and talked about the company’s Commerce Media Platform. Essentially, Criteo’s technology helps brands advertise their products more natively inside of e-commerce platforms. Retail platforms gain ad revenue, while the brands

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Here’s Why Micron Technology Stock Jumped Today

What happened

Shares of Micron Technology (NASDAQ:MU) were trading 6.2% higher by 11:50 a.m. EST, boosted by a fresh set of guidance targets for the first quarter of fiscal year 2021. The memory chip giant’s stock had risen as much as 7.1% in earlier trading.

So what

The midpoint of Micron’s revenue guidance was boosted from $5.2 billion to $5.73 billion. Gross margins are turning out to be wider than expected. Micron’s adjusted first-quarter earnings are now seen landing near $0.71 per share, up from $0.47 per share. Analyst estimates were roughly in line with Micron’s guidance midpoints.

The new

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Why Avid Technology Stock Is Surging Today

What happened

Shares of Avid Technology (NASDAQ:AVID) rose on Thursday after the technology provider to the media and entertainment industry reported its third-quarter results. While revenue was down a bit from the same period last year, sales improved from the second quarter and were ahead of analyst expectations. The stock was up about 11% at 11:25 a.m. EDT.

So what

Avid reported third-quarter revenue of $90.4 million, down 3.2% year over year but about $6.8 million higher than the average analyst estimate. Revenue was up about 14% from the second quarter.

A rising chart.

Image source: Getty Images.

Revenue from subscriptions soared 74%

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Why Align Technology Stock Is Skyrocketing Today

What happened

Shares of Align Technology (NASDAQ:ALGN) were skyrocketing 32.9% higher as of 10:09 a.m. EDT on Thursday. The huge jump came after the orthodontic-device maker announced stellar third-quarter results after the market closed on Wednesday.

So what

Align didn’t merely beat analysts’ estimates in Q3; it absolutely crushed them. Wall Street expected the company to post revenue of around $514 million. Align generated revenue of $734.1 million in Q3. Analysts looked for adjusted earnings of $0.54 per share. Align more than quadrupled that projection with adjusted earnings of $2.25 per share.

Smiling female patient holding a clear aligner in a dentist's chair

Image source: Getty Images.

How did Align deliver

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Why PAR Technology Stock Plummeted Today

What happened

Shares of PAR Technology (NYSE:PAR) have plummeted today, down by 11% as of 12:30 p.m. EDT, after the company priced a secondary offering announced yesterday. The offering priced at $38 per share, slightly below yesterday’s closing price of $40.51.

So what

PAR issued 3.35 million shares at $38 each, raising total gross proceeds of approximately $127.3 million. The underwriter has a 30-day option to purchase an additional 502,500 shares at the offering price. PAR, which provides technology solutions to the hospitality sector, says it expects to use the proceeds from the offering for working capital and general corporate

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