Agora Stock (NASDAQ:API), Trade Ideas

Agora

Agora Inc provides real-time communication solutions. The company offers real-time video calling, voice calling, live audio and video streaming, recording, and real-time messaging. It serves the gaming, retail, and education industries. The company operates in the People's Republic of China and the United States of America and the majority of its revenue is derived from the People's Republic of China.

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 The KBW Nasdaq Regional Bank Index experienced its most severe drop since March, decreasing by 6%. This slump was primarily instigated by New York Community Bancorp, Inc. (NYSE: NYCB), which saw a nearly 40% drop following a Q4 loss of $260 million, consequent to distressed commercial real estate loans. 

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Key Takeaways:


	Agora said its COO will leave the company less than three years after joining, as it tries to stabilize its business after nearly two years of revenue contraction
	The company said the recent rapid takeoff of AI could give rise to a new generation of apps using its real-time engagement technology


By Doug Young

Agora COO Leaves, But No One Cares. Does That Point To Bigger Problems?

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	Stifel cut the price target for  Sensata Technologies Holding plc  (NYSE: ST) from $48 to $44. Stifel analyst Matthew Sheerin maintained a Hold rating. Sensata Technologies shares rose 2.8% to close at $37.18 on Wednesday.


Array Technologies To Rally Around 29%? Here Are 10 Other Analyst Forecasts For Thursday

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Agora shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results and issued Q1 revenue guidance.

Financial Outlook
Based on currently available information, the Company expects total revenues for the first quarter of 2024 to be between $32 million and $34 million. This outlook reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.

Guidance

Agora Sees Q1 2024 Revenue $32M-$34M

Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.09) by 111.11 percent. This is a 107.14 percent increase over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $36.04 million which missed the analyst consensus estimate of $41.74 million by 13.65 percent. This is a 10.16 percent decrease over sales of $40.12 million the same period last year.

Earnings

On Monday February 26, 2024, Agora Reported Q4 Adj. EPS $0.01 Beats $(0.09) Estimate, Sales $36.04M Miss $41.74M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $477.73 million.
&bull; Krystal Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRYS#NASDAQ">KRYS</a>) is estimated to report quarterly loss at $0.37 per share on revenue of $28.61 million.
&bull; Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $5.48 billion.
&bull; Clear Channel Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCO#NYSE">CCO</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $610.14 million.
&bull; Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $96.20 million.
&bull; BioCryst Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) is projected to report quarterly loss at $0.24 per share on revenue of $90.01 million.
&bull; Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $1.03 billion.
&bull; Gilat Satellite Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $75.98 million.
&bull; Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $570.23 million.
&bull; Playtika Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTK#NASDAQ">PLTK</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $629.98 million.
&bull; Enlight Renewable Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENLT#NASDAQ">ENLT</a>) is projected to report earnings for its Fiscal Year 2023.
&bull; Surgery Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $741.40 million.
&bull; Alpha Metallurgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>) is projected to report quarterly earnings at $9.07 per share on revenue of $796.65 million.
&bull; Elanco Animal Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELAN#NYSE">ELAN</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $1.00 billion.
&bull; Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $204.36 million.
&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is likely to report earnings for its fourth quarter.
&bull; Public Service Enterprise (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $2.40 billion.
&bull; Domino&#39;s Pizza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) is likely to report quarterly earnings at $4.37 per share on revenue of $1.42 billion.
&bull; Fidelity National Info (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) is expected to report quarterly earnings at $0.94 per share on revenue of $2.53 billion.
&bull; Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) is estimated to report quarterly earnings at $0.40 per share on revenue of $4.47 billion.
&bull; Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) is expected to report quarterly loss at $0.12 per share on revenue of $5.21 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Innovative Ind Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIPR#NYSE">IIPR</a>) is likely to report earnings for its fourth quarter.
&bull; Diversified Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DHC#NASDAQ">DHC</a>) is likely to report earnings for its fourth quarter.
&bull; Franklin Street Props (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FSP#AMEX">FSP</a>) is likely to report earnings for its fourth quarter.
&bull; Dril-Quip (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRQ#NYSE">DRQ</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $118.50 million.
&bull; Revolution Medicines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVMD#NASDAQ">RVMD</a>) is likely to report quarterly loss at $0.90 per share on revenue of $1.09 million.
&bull; FibroGen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) is expected to report quarterly loss at $0.42 per share on revenue of $38.90 million.
&bull; Quanterix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTRX#NASDAQ">QTRX</a>) is likely to report quarterly loss at $0.32 per share on revenue of $29.84 million.
&bull; Staar Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAA#NASDAQ">STAA</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $75.89 million.
&bull; Sezzle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) is projected to report earnings for its fourth quarter.
&bull; Aarons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $542.07 million.
&bull; Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) is likely to report quarterly loss at $0.28 per share on revenue of $320 thousand.
&bull; ATI Physical Therapy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATIP#NYSE">ATIP</a>) is projected to report quarterly loss at $3.74 per share on revenue of $177.39 million.
&bull; Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $523.06 million.
&bull; CarGurus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $220.05 million.
&bull; Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $496.72 million.
&bull; Ellington Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFC#NYSE">EFC</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $42.67 million.
&bull; Erie Indemnity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) is likely to report quarterly earnings at $2.02 per share on revenue of $772.57 million.
&bull; Fate Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATE#NASDAQ">FATE</a>) is estimated to report quarterly loss at $0.52 per share on revenue of $1.59 million.
&bull; Helix Energy Solns Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $315.60 million.
&bull; AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) is estimated to report quarterly earnings at $0.67 per share on revenue of $3.36 billion.
&bull; Carlyle Secured Lending (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBD#NASDAQ">CGBD</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $56.74 million.
&bull; iRobot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) is projected to report quarterly loss at $2.11 per share on revenue of $307.99 million.
&bull; Douglas Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLOW#NYSE">PLOW</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $98.97 million.
&bull; Offerpad Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPAD#NYSE">OPAD</a>) is projected to report quarterly loss at $0.47 per share on revenue of $249.64 million.
&bull; Postal Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTL#NYSE">PSTL</a>) is projected to report earnings for its fourth quarter.
&bull; PowerSchool Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWSC#NYSE">PWSC</a>) is likely to report quarterly earnings at $0.21 per share on revenue of $183.44 million.
&bull; SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) is likely to report quarterly earnings at $1.37 per share on revenue of $682.17 million.
&bull; SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) is projected to report earnings for its fourth quarter.
&bull; Solaris Oilfield Infra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOI#NYSE">SOI</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $65.55 million.
&bull; TransMedics Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) is projected to report quarterly loss at $0.03 per share on revenue of $68.51 million.
&bull; Vitesse Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) is likely to report quarterly earnings at $0.43 per share on revenue of $61.81 million.
&bull; Sterling Infrastructure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) is estimated to report quarterly earnings at $1.00 per share on revenue of $522.45 million.
&bull; Theravance Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBPH#NASDAQ">TBPH</a>) is projected to report quarterly loss at $0.15 per share on revenue of $17.68 million.
&bull; Addus HomeCare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADUS#NASDAQ">ADUS</a>) is expected to report quarterly earnings at $1.17 per share on revenue of $274.44 million.
&bull; Helios Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLIO#NYSE">HLIO</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $183.35 million.
&bull; Asure Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASUR#NASDAQ">ASUR</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $26.39 million.
&bull; Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $894.28 million.
&bull; Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) is likely to report quarterly earnings at $0.67 per share on revenue of $1.55 billion.
&bull; Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $1.92 billion.
&bull; Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) is likely to report quarterly loss at $0.09 per share on revenue of $41.74 million.
&bull; EverQuote (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) is projected to report quarterly loss at $0.32 per share on revenue of $49.81 million.
&bull; SI-BONE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) is expected to report quarterly loss at $0.28 per share on revenue of $37.61 million.
&bull; Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) is projected to report quarterly loss at $0.02 per share on revenue of $245.82 million.
&bull; Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $193.29 million.
&bull; Adtran Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $228.30 million.
&bull; RLJ Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLJ#NYSE">RLJ</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $314.28 million.
&bull; KNOT Offshore Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNOP#NYSE">KNOP</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $71.33 million.
&bull; ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) is expected to report quarterly earnings at $1.21 per share on revenue of $5.89 billion.
&bull; Unity Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) is likely to report quarterly loss at $0.42 per share on revenue of $564.02 million.
&bull; Everbridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVBG#NASDAQ">EVBG</a>) is projected to report quarterly earnings at $0.49 per share on revenue of $114.66 million.
&bull; MidCap Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFIC#NASDAQ">MFIC</a>) is expected to report quarterly earnings at $0.43 per share on revenue of $67.63 million.
&bull; Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $1.13 billion.
&bull; Heidrick &amp; Struggles Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSII#NASDAQ">HSII</a>) is estimated to report quarterly earnings at $0.68 per share on revenue of $248.12 million.
&bull; SkyWater Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) is projected to report quarterly loss at $0.12 per share on revenue of $74.84 million.
&bull; FS KKR Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSK#NYSE">FSK</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $453.28 million.
&bull; CrossAmerica Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAPL#NYSE">CAPL</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $1.11 billion.
&bull; PubMatic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PUBM#NASDAQ">PUBM</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $78.20 million.
&bull; MasterBrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBC#NYSE">MBC</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $666.70 million.
&bull; Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) is expected to report quarterly earnings at $0.82 per share on revenue of $298.26 million.
&bull; New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $93.28 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 26, 2024

Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-26. Here's what investors need to know before the announcement.
Analysts estimate that Agora will report an earnings per share (EPS) of $-0.09. 
Agora bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.06, which was followed by a 8.77% drop in the share price the next day.
Here's a look at Agora's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.10</td>
<td>-0.12</td>
<td>-0.14</td>
<td>-0.14</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.16</td>
<td>-0.07</td>
<td>-0.09</td>
<td>-0.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-9.0%</td>
<td>-2.0%</td>
<td>-4.0%</td>
<td>-20.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708707640_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Agora were trading at $2.74 as of February 22. Over the last 52-week period, shares are down 28.52%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/API/earnings">To track all earnings releases for Agora visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Agora

The commercial real estate sector&#8217;s current quandary has precipitated a significant drop in regional bank stocks, stirring investors&#8217; memories of the notorious Silicon Valley Bank downfall.
What Happened: The KBW Nasdaq Regional Bank Index experienced its most severe drop since March, decreasing by 6%. This slump was primarily instigated by New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>), which saw a nearly 40% drop following a Q4 loss of $260 million, consequent to distressed commercial real estate loans, according to a Business Insider <a href="https://markets.businessinsider.com/news/stocks/commercial-real-estate-crash-svb-collapse-property-woes-regional-banks-2024-2">report</a> on Wednesday.
Losses in the U.S. property market also led to a 20% plunge in Agora Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) bank stocks based in Tokyo, while Deutsche Bank AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) amplified its provisions by four times to $123 million, bracing for future losses. New York Bancorp also set aside a sizable chunk of its $552 million provisions for its commercial real estate holdings.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/01/36880675/donald-trump-jr-blasts-montana-gop-for-leftwing-cancel-culture-after-fathers-strongest-and-most-loya?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Jr. Blasts Montana GOP After Pro-Trump Speaker Is Uninvited</a>
The troubles faced by these regional banks mirror the predicament of the US commercial property sector which has a looming $2.2 trillion debt due in 2027. A decrease in office space demand due to the pandemic, coupled with high-interest rates, has left landlords grappling with loan repayment. This situation poses a significant threat to US banks, particularly the smaller ones.
Why It Matters: Regional banks, such as Amerant Bancorp Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTB#NYSE">AMTB</a>) and Fidelity D &amp; D Bancorp Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDBC#NASDAQ">FDBC</a>), are more vulnerable to the commercial property sector than larger institutions like JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>). They lack the capability to neutralize losses through extensive credit card portfolios or investment banking sectors. This pressure on real estate loans is motivating lenders to retreat from the market, with some banks offloading their property loan portfolios to minimize exposure to the sector.
U.S. office buildings are preparing for a <a href="https://www.benzinga.com/news/24/01/36446837/interest-rate-avalanche-us-office-buildings-brace-for-117b-debt-cliff">$117 billion debt cliff</a>, triggered by rising interest rates. This issue was further compounded by warnings of a possible wave of commercial real estate loan defaults <a href="https://www.benzinga.com/24/01/36709956/wave-of-up-to-1-trillion-commercial-real-estate-loan-defaults-looms-within-next-2-years-financial-se">amounting to $1 trillion</a> within the next two years. This situation could result in a highly volatile market for regional banks, as they bear the brunt of this ongoing real estate crisis.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/01/36880984/gop-attor-ney-gen-er-al-in-texas-sues-five-cities-to-stop-voter-approved-mar-i-jua-na-reform-say?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GOP Attor­ney Gen­er­al In Texas Sues Five Cities To Stop Voter-Approved Mar­i­jua­na Reform, Says They&#8217;re &#8216;Run By Pro-Crime Extremists&#8217;</a>
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<h3>Gainers</h3>
<ul>
<li>Inpixon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INPX#NASDAQ">INPX</a>) stock rose 56.1% to $0.07 during Monday's pre-market session. The company's market cap stands at $13.5 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares moved upwards by 33.61% to $0.48. The company's market cap stands at $2.7 million. </li>
<li>UTime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) shares moved upwards by 19.04% to $0.25. The company's market cap stands at $3.3 million. </li>
<li>Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) shares rose 18.84% to $1.64. The company's market cap stands at $93.6 million. </li>
<li>Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares moved upwards by 12.6% to $1.34. The market value of their outstanding shares is at $4.0 million. </li>
<li>BTC Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCT#NASDAQ">BTCT</a>) stock increased by 9.64% to $6.14. The market value of their outstanding shares is at $9.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) stock declined by 27.1% to $2.31 during Monday's pre-market session. The company's market cap stands at $20.8 million. </li>
<li>Alpine 4 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALPP#NASDAQ">ALPP</a>) stock fell 8.77% to $0.67. The company's market cap stands at $17.9 million. </li>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares fell 7.25% to $1.92. The company's market cap stands at $1.8 million. </li>
<li>SAI.TECH Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) shares declined by 6.62% to $1.13. The market value of their outstanding shares is at $26.9 million. </li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) shares decreased by 6.55% to $2.57. The market value of their outstanding shares is at $242.2 million. </li>
<li>Cipher Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) shares fell 5.7% to $3.31. The market value of their outstanding shares is at $850.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ALPP

ASNS

BKYI

BTCT

CIFR

INPX

LAES

PXLW

12 Information Technology Stocks Moving In Monday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) stock increased by 18.8% to $1.64 during Friday's pre-market session. The market value of their outstanding shares is at $93.6 million. </li>
<li>BTCS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCS#NASDAQ">BTCS</a>) shares moved upwards by 12.62% to $2.23. The company's market cap stands at $32.0 million. </li>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) stock moved upwards by 9.27% to $0.31. The company's market cap stands at $1.9 million. </li>
<li>CISO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) shares moved upwards by 8.37% to $0.15. The market value of their outstanding shares is at $26.3 million. </li>
<li>Inpixon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INPX#NASDAQ">INPX</a>) stock rose 8.25% to $0.05. The market value of their outstanding shares is at $9.4 million. </li>
<li>BTC Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCT#NASDAQ">BTCT</a>) shares rose 7.85% to $6.04. The market value of their outstanding shares is at $9.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares decreased by 28.7% to $2.26 during Friday's pre-market session. The market value of their outstanding shares is at $20.3 million. </li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) stock declined by 6.55% to $2.57. The company's market cap stands at $242.2 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) stock declined by 6.49% to $0.51. The market value of their outstanding shares is at $3.7 million. </li>
<li>Greenidge Generation Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock decreased by 5.71% to $5.29. The market value of their outstanding shares is at $38.9 million. </li>
<li>Stronghold Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDIG#NASDAQ">SDIG</a>) shares fell 5.21% to $6.1. The company's market cap stands at $72.4 million. </li>
<li>Cipher Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) shares decreased by 5.13% to $3.33. The company's market cap stands at $856.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BTCS

CISO

FOXO

GREE

IFBD

SDIG

12 Information Technology Stocks Moving In Friday's Pre-Market Session

<h4>Key Takeaways:</h4>
<ul>
<li>Agora said its COO will leave the company less than three years after joining, as it tries to stabilize its business after nearly two years of revenue contraction</li>
<li>The company said the recent rapid takeoff of AI could give rise to a new generation of apps using its real-time engagement technology</li>
</ul>
By Doug Young
What does it mean when one of your top executives leaves and nobody cares?
Probably that the executive was inconsequential to the company and thus nothing has changed with his departure, in a best-case scenario. Or at worst, it could also signal that investors are already so cold on your stock that a big executive change fails to register on their radar.
Either of those could be the case for the lack of reaction after&nbsp;Agora Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/api#NASDAQ">API</a>)&nbsp;<a href="https://www.globenewswire.com/news-release/2023/12/07/2792915/0/en/Agora-Inc-Announces-Executive-Leadership-Update.html">announced the departure</a>&nbsp;of Stanley Wei as its COO and chief strategy officer late last week. The stock was virtually unchanged in the two trading days afterwards. That could be partly because Wei only joined Agora in early 2021, and came from a financial background that doesn&rsquo;t seem to crucial to the company&rsquo;s key products providing real-time audio and video engagement services for online apps.
But reaction was far more negative just a couple of weeks earlier when Agora announced its&nbsp;<a href="https://www.globenewswire.com/news-release/2023/11/21/2784460/0/en/Agora-Inc-Reports-Third-Quarter-2023-Financial-Results.html">latest quarterly results</a>, which showed its revenue contracted for a seventh consecutive quarter in the three months to September. The company separately breaks out revenue for its China business, known as Shengwang, as well as for its international business, which uses the Agora name.
Contraction has haunted Agora&rsquo;s China business for nearly two years now, the result of Beijing&rsquo;s 2021 crackdown on private tutoring companies that were once some of its biggest customers. But the international business continued to grow &ndash; until the second quarter of this year, that is. Revenue from that business fell 5.6% year-on-year in the three months to June, and the decline rate accelerated to 8.9% in the third quarter, according to Agora&rsquo;s latest results released on Nov 21.
The falling international business owed to dropping usage in some emerging markets due to a &ldquo;challenging macroeconomic environment and tightening financing conditions,&rdquo; CFO Wang Jingbo said on the company&rsquo;s earnings call. That&rsquo;s one of the first instances we&rsquo;ve seen where recent high interest rates seem to be directly affecting a company&rsquo;s business, in this case forcing some of Agora&rsquo;s customers to rein in their spending due to the high cost of borrowing.
While the departure of its COO failed to worry investors, the release of the glum earnings report was quite a different story. Agora&rsquo;s shares tumbled 9% the day after that announcement, and continued to fall after that. The stock has lost about a third of its value this year, though Agora&rsquo;s surprisingly high price-to-sales (P/S) ratio of 1.9 seems to show investors haven&rsquo;t given up on the company just yet.
In fact, Agora is sitting in an internet sweet spot by providing the technology that enables live audio and video interactions for a wide range of apps. That popularity shows up in its large user base, which rose 6% year-on-year in China to 4,034 active customers by the end of September, and by an even larger 26% internationally to 1,664, despite the company&rsquo;s falling revenue. Agora&rsquo;s founder Tony Zhao is also quite well respected in the real-time engagement space, with a resume that includes his role as a founding engineer at Webex, a web conferencing services provider that was later acquired by Cisco (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>).
<h3>AI Potential</h3>
Agora&rsquo;s latest report looks quite gloomy, though Zhao was quick to point out that the rise of artificial intelligence (AI) could offer a huge opportunity for his company in the future. He added that livestream shopping that has become all the rage in China could also offer a major new opportunity if and when it gains traction in developed markets like the U.S.
We&rsquo;ll look at some of his comments in more detail shortly. But first we&rsquo;ll review the company&rsquo;s latest earnings report that shows its business is sputtering, even though it&rsquo;s not in any real danger of running out of cash anytime soon. While some might see its big $373 million cash pile at the end of September as a good cushion during hard times, others might say it reflects too much conservatism for a company in such a technological sweet spot.
Agora reported revenue of $35 million for the three months to September, down 14.6% from a year earlier. Revenue for its China-based Shengwang service fell 9.2% to 141 million yuan ($20 million), accounting for 57% of the company&rsquo;s total. The international Agora business fell by the 8.9% we previously mentioned to $15.3 million. The company forecast fourth-quarter revenue of $35.5 million to $37.5 million, which would equate to a 9% decline at the midpoint of that range from the $40.1 million it reported a year earlier.
The company benefited from high interest rates, with its interest income nearly doubling to $4.9 million. It also slashed its operating expenses by 34%, partly the result of previously announced layoffs. But those were offset by a big investment loss, and the company reported a $22.5 million third-quarter net loss, improving slightly from a $27.7 million loss a year earlier.
While none of that looks particularly exciting, Zhao&rsquo;s discussion of the potential for new demand from AI could be cause for longer-term optimism toward the company. We saw similar signals coming recently from data center operator Chindata (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cd#NASDAQ">CD</a>), which said an explosion of data-hungry AI apps could sharply boost demand for its storage capabilities.
Zhao noted that many AI applications have been mostly text-based so far, but that OpenAI, the creator of ChatGPT, has recently beta launched a product that allows direct voice conversation between human users and AI models.
&ldquo;I believe we are uniquely positioned to enable human users and AI models to interact with each other through video and audio, in addition to text, which will transform all kinds of use cases such as AI companions, social games with AI players, and AI tutors for learning languages,&rdquo; Zhao said. He added that Agora also recently rolled out a video-based solution to power live shopping experiences to take advantage of the growing preference for livestream shopping.
At the end of the day, such initiatives could have good potential and potentially bring Agora back to a growth track. But such developments will take time to gain traction, and the company&rsquo;s conservative stance could ultimately cause it to fall behind more aggressive rivals.
This article is from an external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Management

Stanley Wei To Step Down From His Roles As Chief Strategy Officer And Chief Operating Officer, Agora

<h3>Gainers</h3>
<ul>
<li>NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) stock increased by 11.9% to $87.39 during Wednesday's pre-market session. The market value of their outstanding shares is at $18.2 billion. The company's, Q2 earnings came out yesterday. </li>
<li>Sobr Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) stock moved upwards by 10.04% to $0.78. The company's market cap stands at $14.4 million. </li>
<li>Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) stock rose 9.71% to $260.4. The market value of their outstanding shares is at $68.2 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Tuya (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUYA#NYSE">TUYA</a>) shares moved upwards by 9.42% to $2.09. The market value of their outstanding shares is at $1.2 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares rose 7.4% to $17.12. The market value of their outstanding shares is at $256.8 million. </li>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) shares rose 6.97% to $0.14. The market value of their outstanding shares is at $3.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) stock fell 11.9% to $0.22 during Wednesday's pre-market session. The market value of their outstanding shares is at $9.1 million. </li>
<li>Roadzen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDZN#NASDAQ">RDZN</a>) shares decreased by 11.35% to $4.3. The market value of their outstanding shares is at $294.2 million. </li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) stock decreased by 8.18% to $2.47. The market value of their outstanding shares is at $232.7 million. </li>
<li>Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) stock decreased by 7.8% to $120.5. The company's market cap stands at $15.4 billion. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock declined by 6.84% to $1.09. The company's market cap stands at $3.1 million. </li>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) shares decreased by 5.71% to $0.32. The market value of their outstanding shares is at $2.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATGL

NTAP

RDZN

SOBR

TUYA

WISA

12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>AgileThought (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIL#NASDAQ">AGIL</a>) shares rose 144.9% to $0.2 during Thursday's regular session. The company's market cap stands at $10.6 million. </li>
<li>OMNIQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMQS#NASDAQ">OMQS</a>) stock rose 20.73% to $0.64. The company's market cap stands at $6.8 million. </li>
<li>Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) stock increased by 15.55% to $8.84. The company's market cap stands at $529.8 million. </li>
<li>Vislink Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VISL#NASDAQ">VISL</a>) shares increased by 12.4% to $3.67. The company's market cap stands at $8.7 million. </li>
<li>AuthID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUID#NASDAQ">AUID</a>) stock increased by 12.21% to $7.99. The market value of their outstanding shares is at $62.9 million. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNHP#NASDAQ">SLNHP</a>) stock increased by 12.12% to $1.85. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares fell 34.4% to $13.45 during Thursday's regular session. The market value of their outstanding shares is at $201.7 million. </li>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) shares declined by 11.27% to $0.08. The company's market cap stands at $38.5 million. </li>
<li>Zepp Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZEPP#NYSE">ZEPP</a>) shares decreased by 11.12% to $1.2. The market value of their outstanding shares is at $73.2 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) shares fell 9.76% to $3.98. The company's market cap stands at $169.2 million. </li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) shares fell 8.93% to $2.81. The company's market cap stands at $273.6 million. The company's, Q3 earnings came out 2 days ago. </li>
<li>WeTrade Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETG#NASDAQ">WETG</a>) stock declined by 8.75% to $6.26. The market value of their outstanding shares is at $6.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AGIL

AIRE

AUID

MMAT

OMQS

SLNHP

VISL

WETG

ZEPP

12 Information Technology Stocks Moving In Thursday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>AgileThought (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIL#NASDAQ">AGIL</a>) stock increased by 64.6% to $0.14 during Wednesday's pre-market session. The market value of their outstanding shares is at $7.1 million. </li>
<li>Edgio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) stock increased by 19.46% to $0.62. The company's market cap stands at $139.9 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares moved upwards by 14.4% to $2.0. The market value of their outstanding shares is at $4.2 million. </li>
<li>Sigma Additive Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASI#NASDAQ">SASI</a>) shares rose 8.91% to $3.3. The market value of their outstanding shares is at $2.5 million. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) stock moved upwards by 5.92% to $0.79. The market value of their outstanding shares is at $58.9 million. </li>
<li>UTime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) shares rose 5.83% to $0.27. The market value of their outstanding shares is at $3.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) shares declined by 8.9% to $0.08 during Wednesday's pre-market session. The market value of their outstanding shares is at $39.5 million. </li>
<li>Powerbridge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBTS#NASDAQ">PBTS</a>) stock fell 8.5% to $0.54. The market value of their outstanding shares is at $2.5 million. </li>
<li>Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) stock fell 6.86% to $202.75. The company's market cap stands at $43.3 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) shares fell 5.52% to $2.91. The company's market cap stands at $283.8 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>CISO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) stock fell 4.9% to $0.13. The company's market cap stands at $23.5 million. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) stock decreased by 4.87% to $0.31. The market value of their outstanding shares is at $1.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Agora Expects Q4 Total Revenues To Be $35.5M-$37.5M

Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) reported quarterly losses of $(0.23) per ADS. The company reported quarterly sales of $35.02 million which missed the analyst consensus estimate of $40.17 million by 12.83 percent. This is a 14.57 percent decrease over sales of $40.99 million the same period last year.

Agora Q3 Net Loss Per ADS $(0.23), Sales $35.02M Miss $40.17M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Golden Ocean Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) is likely to report quarterly earnings at $0.11 per share on revenue of $149.42 million.
&bull; Singing Machine Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MICS#NASDAQ">MICS</a>) is likely to report earnings for its second quarter.
&bull; Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) is projected to report earnings for its third quarter.
&bull; Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) is expected to report earnings for its Fiscal Year 2023.
&bull; Northern Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $21.40 million.
&bull; MediWound (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDWD#NASDAQ">MDWD</a>) is likely to report quarterly loss at $0.44 per share on revenue of $4.74 million.
&bull; Dycom Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DY#NYSE">DY</a>) is projected to report earnings for its third quarter.
&bull; Yatsen Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YSG#NYSE">YSG</a>) is expected to report earnings for its third quarter.
&bull; Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is projected to report earnings for its third quarter.
&bull; Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) is likely to report earnings for its third quarter.
&bull; Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is expected to report earnings for its third quarter.
&bull; Tsakos Energy Navigation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNP#NYSE">TNP</a>) is expected to report earnings for its third quarter.
&bull; Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) is likely to report earnings for its third quarter.
&bull; Jacobs Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) is estimated to report quarterly earnings at $1.89 per share on revenue of $4.16 billion.
&bull; American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) is projected to report earnings for its third quarter.
&bull; Dick&#39;s Sporting Goods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) is estimated to report earnings for its third quarter.
&bull; Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is expected to report earnings for its third quarter.
&bull; Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) is expected to report quarterly loss at $0.13 per share on revenue of $5.07 million.
&bull; Kohl&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) is estimated to report quarterly earnings at $0.33 per share on revenue of $4.11 billion.
&bull; Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) is likely to report earnings for its third quarter.
&bull; New Jersey Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NJR#NYSE">NJR</a>) is expected to report quarterly earnings at $0.32 per share on revenue of $760.00 million.
&bull; Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) is expected to report quarterly earnings at $2.00 per share on revenue of $2.70 billion.
&bull; Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) is projected to report quarterly earnings at $1.19 per share on revenue of $9.91 billion.
&bull; iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) is expected to report quarterly earnings at $0.06 per share on revenue of $1.10 billion.
&bull; Medtronic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) is projected to report quarterly earnings at $1.18 per share on revenue of $7.92 billion.
&bull; Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) is estimated to report earnings for its third quarter.
&bull; Embecta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) is likely to report earnings for its fourth quarter.
&bull; Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $73.81 million.
&bull; Lowe&#39;s Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) is expected to report earnings for its third quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) is projected to report earnings for its third quarter.
&bull; Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $40.17 million.
&bull; TDCX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDCX#NYSE">TDCX</a>) is projected to report earnings for its third quarter.
&bull; Emeren Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOL#NYSE">SOL</a>) is projected to report earnings for its third quarter.
&bull; Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) is likely to report earnings for its third quarter.
&bull; Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) is likely to report earnings for its third quarter.
&bull; DLocal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLO#NASDAQ">DLO</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $168.51 million.
&bull; HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) is likely to report earnings for its fourth quarter.
&bull; NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is expected to report quarterly earnings at $3.16 per share on revenue of $15.19 billion.
&bull; Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) is estimated to report quarterly earnings at $1.15 per share on revenue of $372.44 million.
&bull; Banco BBVA Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAR#NYSE">BBAR</a>) is estimated to report earnings for its third quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For November 21, 2023

Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-11-21. Here's what investors need to know before the announcement.
Analysts estimate that Agora will report an earnings per share (EPS) of $-0.10. 
Agora bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.05, which was followed by a 2.12% drop in the share price the next day.
Here's a look at Agora's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.12</td>
<td>-0.14</td>
<td>-0.14</td>
<td>-0.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.07</td>
<td>-0.09</td>
<td>-0.14</td>
<td>-0.16</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.12%</td>
<td>-4.2%</td>
<td>-20.31%</td>
<td>-20.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1700488912_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Agora were trading at $3.15 as of November 15. Over the last 52-week period, shares are up 17.54%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/API/earnings">To track all earnings releases for Agora visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.