Comtech Telecom Stock (NASDAQ:CMTL), Trade Ideas

Comtech Telecom

Comtech Telecommunications Corp is a provider of modern communications solutions. The company is engaged in designing, developing, producing and marketing products, systems, and services for communications solutions. It is engaged in two business segments, Satellite and Space Communications and Terrestrial and Wireless Networks. Majority of sales are generated from Satellite and Space Communications segment.

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CMTL

The CNN Money Fear and Greed index showed a slight increase in the overall market sentiment, but the index remained in the &#34;Greed&#34; zone on Tuesday.

U.S. stocks closed higher on Tuesday as the Federal Reserve started its two-day policy meeting. The US central bank is scheduled to announce its policy decision on Tuesday.

Fear &amp; Greed Index Remains In &#39;Greed&#39; Zone Ahead Of Fed&#39;s Interest Rate Decision

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U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 50 points on Tuesday.

The Dow traded up 0.63% to 39,034.59 while the NASDAQ rose 0.35% to 16,160.20. The S&amp;P 500 also rose, gaining, 0.41% to 5,170.36.

Nasdaq Turns Higher; Caleres Posts Upbeat Q4 Results

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Shares of  Peraso Inc. (NASDAQ: PRSO) fell sharply during Tuesday’s session after the company reported worse-than-expected fourth-quarter EPS results.

Why Peraso Shares Are Trading Lower By Over 23%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Comtech Telecommunications Corp. - Common Stock

Comtech Telecommunications Corp

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Shares of companies within the broader tech sector are trading lower amid overall market weakness on rate cut uncertainty.

The CNN Money Fear and Greed index showed a slight increase in the overall market sentiment, but the index remained in the &quot;Greed&quot; zone on Tuesday.
U.S. stocks closed higher on Tuesday as the Federal Reserve started its two-day policy meeting. The US central bank is scheduled to announce its policy decision on Tuesday.
Caleres Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cal#NYSE">CAL</a>) reported upbeat fourth-quarter results. Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) shares dipped over 25% on Tuesday following weak quarterly results.
On the economic data front, housing starts in the U.S. surged 10.7% month-over-month to an annualized rate of 1.521 million in February, following a 12.3% decline in January. U.S. building permits rose by 1.9% to an annual rate of 1.518 million in February, versus market estimates of 1.495 million.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, consumer discretionary, and utilities stocks recording the biggest gains on Tuesday. However, communication services stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by over 320 points to 39,110.76 on Tuesday. The S&amp;P 500 rose 0.56% at 5,178.51, while the Nasdaq Composite climbed 0.39% at 16,166.79 during Tuesday&rsquo;s session.
Investors are awaiting earnings results from Signet Jewelers Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sig#NYSE">SIG</a>), General Mills, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gis#NYSE">GIS</a>), and Micron Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>) today.
At a current reading of 70.5, the index remained in the &quot;Greed&quot; zone on Tuesday, versus a prior reading of 69.8.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37819814/around-9m-bet-on-cardlytics-check-out-these-4-stocks-insiders-are-buying"> Around $9M Bet On Cardlytics? Check Out These 4 Stocks Insiders Are Buying</a>

Fear & Greed Index Remains In 'Greed' Zone Ahead Of Fed's Interest Rate Decision

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 50 points on Tuesday.
The Dow traded up 0.63% to 39,034.59 while the NASDAQ rose 0.35% to 16,160.20. The S&amp;P 500 also rose, gaining, 0.41% to 5,170.36.
Check This Out: <a href="https://www.benzinga.com/news/24/03/37819139/nvidia-to-rally-around-10-here-are-10-top-analyst-forecasts-for-tuesday"> Nvidia To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Tuesday</a>
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<h3>Leading and Lagging Sectors</h3>
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Energy shares rose by 1% on Tuesday.
In trading on Tuesday, communication services shares fell by 0.2%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Caleres Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cal#NYSE">CAL</a>) reported upbeat fourth-quarter results.
Caleres reported fourth-quarter FY23 sales growth of 0.1% year-on-year to $697.12 million, beating the analyst consensus estimate of $694.33 million. Adjusted EPS of 86 cents beat the analyst consensus of 85 cents.
Caleres expects first-quarter FY24 net sales to be flat to +1%. EPS to be in line with the fourth quarter of 2023 on an adjusted basis.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Ontrak, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otrk#NASDAQ">OTRK</a>) shares shot up 93% to $0.3675 ahead of the company&#39;s presentation at the 36th Annual Roth Conference.
Shares of Fusion Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fusn#NASDAQ">FUSN</a>) got a boost, surging 98% to $21.05 after the company announced agreed to be acquired by AstraZeneca. Also, Leerink Partners downgraded the stock from Outperform to Market Perform but raised its price target from $17 to $21.
Spire Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spir#NYSE">SPIR</a>) shares were also up, gaining 30% to $15.90 after the company announced a collaboration with NVIDIA to advance AI-driven weather prediction.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Greenwave Technology Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwav#NASDAQ">GWAV</a>) shares dropped 56% to $0.1626. The company announced it has restructured its senior secured debt.
Shares of Seelos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seel#NASDAQ">SEEL</a>) were down 30% to $0.6449 after the company announced that its ALS study with SLS-005 did not meet statistical significance in the primary and secondary endpoint in the Full Analysis Set.
Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) was down, falling 28% to $3.31 following weak quarterly results.
Also Check This Out:<a href="https://www.benzinga.com/news/earnings/24/03/37812053/how-to-earn-500-a-month-from-general-mills-stock-ahead-of-q3-earnings"> How To Earn $500 A Month From General Mills Stock Ahead Of Q3 Earnings</a>
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<h3>Commodities</h3>
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In commodity news, oil traded up 1.3% to $83.75 while gold traded down 0.2% at $2,159.90.
Silver traded down 0.5% to $25.135 on Tuesday, while copper fell 1.4% to $4.0720.
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<h3>Euro zone</h3>
&nbsp;
European shares were higher today. The eurozone&rsquo;s STOXX 600 rose 0.26%, London&rsquo;s FTSE 100 rose 0.20% while Spain&rsquo;s IBEX 35 Index rose 0.99% The German DAX rose 0.31% French CAC 40 gained 0.65% while Italy&rsquo;s FTSE MIB Index rose 0.95%.
The ZEW Indicator of Economic Sentiment for the Eurozone rose by 8.5 points to a reading of 33.5 in March, while wages in the Eurozone increased 3.1% year-over-year in the fourth quarter. Hourly labor costs rose by 3.4% year-over-year for the quarter.
The ZEW Indicator of Economic Sentiment for Germany climbed to a reading of +31.7 in March, surging to its strongest level since Feb. 2022.
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<h3>Asia Pacific Markets</h3>
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Asian markets closed mostly lower on Tuesday, with Japan&rsquo;s Nikkei 225 gaining 0.66%, Hong Kong&rsquo;s Hang Seng Index falling 1.24%, China&rsquo;s Shanghai Composite Index dipping 0.72% and India&rsquo;s S&amp;P BSE Sensex falling 0.87%.
Industrial production in Japan fell by 6.7% month-over-month in January compared to the preliminary figure of a 7.5% decline. The Bank of Japan increased its key short-term interest rate to around 0% to 0.1%.
&nbsp;
<h3>Economics</h3>
&nbsp;
Housing starts in the U.S. surged 10.7% month-over-month to an annualized rate of 1.521 million in February following a 12.3% decline in January.
U.S. building permits rose by 1.9% to an annual rate of 1.518 million in February, versus market estimates of 1.495 million.
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37811812/core-main-caleres-and-3-stocks-to-watch-heading-into-tuesday"> Core &amp; Main, Caleres And 3 Stocks To Watch Heading Into Tuesday</a>

Shares of Peraso Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prso#NASDAQ">PRSO</a>) fell sharply during Tuesday&rsquo;s session after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/PRSO/earnings">fourth-quarter EPS results</a>.
Peraso posted a quarterly loss of $8.52 per share, versus analysts&rsquo; estimates for a loss of $3.76 per share. The company&rsquo;s quarterly sales came in at $1.83 million versus expectations of $1.70 million.
Peraso shares tumbled 23.3% to $1.32 on Tuesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Ontrak, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otrk#NASDAQ">OTRK</a>) shares climbed 197.8% to $0.5660 ahead of the company&#39;s presentation at the 36th Annual Roth Conference.</li>
<li>Fusion Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fusn#NASDAQ">FUSN</a>) gained 97.3% to $20.99 after the company announced agreed to be acquired by AstraZeneca. Also, Leerink Partners downgraded the stock from Outperform to Market Perform but raised its price target from $17 to $21.</li>
<li>SCWorx Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/worx#NASDAQ">WORX</a>) gained 74% to $3.22.</li>
<li>Spire Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spir#NYSE">SPIR</a>) climbed 50.7% to $18.50 after announcing a collaboration with NVIDIA to advance AI-driven weather prediction.</li>
<li>Enveric Biosciences, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/envb#NASDAQ">ENVB</a>) shares climbed 43.6% to $1.5801 after the company announced that it signed two non-binding term sheets with an undisclosed biotechnology company to pursue the out-licensing of cannabinoid-COX-2 conjugate compounds for pharmaceutical and non-pharmaceutical applications for the treatment of joint diseases.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zcar#NASDAQ">ZCAR</a>) rose 33.1% to $1.57 after the company announced that it partnered with EaseMyTrip to integrate its cars within the travel platform.</li>
<li>Hoth Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoth#NASDAQ">HOTH</a>) surged 32% to $1.51 after the company announced pre-clinical research showcasing the potential of HT-ALZ in Alzheimer&#39;s disease.</li>
<li>Enliven Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elvn#NASDAQ">ELVN</a>) gained 27.2% to $16.09. The company announced a $90 million private placement financing and provided pipeline updates.</li>
<li>National CineMedia, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncmi#NASDAQ">NCMI</a>) gained 25.5% to $5.30 after the company posted upbeat results for its fourth quarter and disclosed a new $100 million share repurchase program. The company said it sees first-quarter total revenue of $34.5 million to $35.5 million.</li>
<li>Alignment Healthcare, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alhc#NASDAQ">ALHC</a>) gained 17.7% to $5.50.</li>
<li>Crinetics Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crnx#NASDAQ">CRNX</a>) rose 15% to $43.63 after the company&#39;s Phase 3 PATHFNDR-2 trial of paltusotine in acromegaly achieved the primary and all secondary endpoints.</li>
<li>Li-Cycle Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/licy#NASDAQ">LICY</a>) climbed 14% to $1.2540 after the company announced progress in improving its current liquidity position and it is conducting an internal technical review of the Rochester Hub.</li>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) gained 12.5% to $0.4055 after falling over 18% on Monday. The company on Friday announced its Market.live launched Facebook and Instagram social shopping technology integration.</li>
<li>Monopar Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnpr#NASDAQ">MNPR</a>) climbed 12% to $0.75.</li>
<li>Nordstrom, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jwn#NYSE">JWN</a>) gained 11.9% to $19.10 following a report suggesting the company&#39;s founding family is working with Morgan Stanley and Centerview Partners in an attempt to potentially go private.</li>
<li>Alpine Immune Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alpn#NASDAQ">ALPN</a>) gained 10.3% to $39.13 following fourth-quarter earnings.</li>
<li>Nocturne Acquisition Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbtc#NASDAQ">MBTC</a>) rose 10% to $11.00.</li>
<li>DocGo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcgo#NASDAQ">DCGO</a>) gained 10% to $4.0550. DocGo announced repurchases of common stock and adoption of 10b5-1 trading plan for share repurchase program.</li>
<li>Augmedix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/augx#NASDAQ">AUGX</a>) gained 9.3% to $3.6399 following upbeat fourth-quarter results.</li>
<li>International Paper Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ip#NYSE">IP</a>) climbed 7% to $37.38. International Paper said it has elected Andrew Silvernail as Chief Executive Officer, following an extensive evaluation process.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Greenwave Technology Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwav#NASDAQ">GWAV</a>) shares fell 56.2% to $0.1634. The company announced it has restructured its senior secured debt.</li>
<li>Seelos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seel#NASDAQ">SEEL</a>) fell 46.6% to $0.4901 after the company announced that its ALS study with SLS-005 did not meet statistical significance in the primary and secondary endpoint in the Full Analysis Set.</li>
<li>Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) dipped 26.7% to $3.37 following weak quarterly results.</li>
<li>Solowin Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swin#NASDAQ">SWIN</a>) declined 24.7% to $5.80. The company reported H1 2024 financial results.</li>
<li>NuScale Power Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smr#NYSE">SMR</a>) fell 23.8% to $7.69 after Wells Fargo downgraded the stock from Equal-Weight to Underweight and lowered its price target from $7.50 to $4.50.</li>
<li>Acutus Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afib#NASDAQ">AFIB</a>) fell 21.6% to $0.2055 after surging 34% on Monday. Acutus Medical was granted European patent number EP3294412 titled &quot;Localization System And Method Useful In The Acquisition and Analysis of Cardiac Information (For Diagnosis And Treatment Of Cardiac Abnormalities).&quot;</li>
<li>Zepp Health Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zepp#NYSE">ZEPP</a>) declined 17.2% to $1.01 following quarterly results.</li>
<li>HUYA Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/huya#NYSE">HUYA</a>) fell 15.5% to $3.9887 after it reported fourth-quarter FY23 revenue of $215.5 million, beating the consensus of $210.04 million.</li>
<li>Chijet Motor Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cjet#NASDAQ">CJET</a>) shares fell 15.4% to $0.49 after gaining 18% on Monday.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) shares tumbled 14.8% to $1,279.85 amid a pullback in Bitcoin. MicroStrategy shares dipped over 15% on Monday after the company recently announced pricing of its offering of convertible senior notes.</li>
<li>DLocal Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dlo#NASDAQ">DLO</a>) shares tumbled 14.3% to $15.54 after the company reported mixed fourth-quarter financial results, issued guidance and announced a new CFO.</li>
<li>ACM Research, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acmr#NASDAQ">ACMR</a>) fell 13.5% to $24.76.</li>
<li>ShiftPixy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pixy#NASDAQ">PIXY</a>) fell 13.3% to $5.89 after gaining 100% on Monday.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) dipped 12.7% to $15.23 amid a pullback in Bitcoin.</li>
<li>JOANN Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/joan#NASDAQ">JOAN</a>) fell 12.7% to $0.1597 after dipping 20% on Monday. JOANN announced that it entered into an agreement to reduce its debt and receive $132 million in new capital and related financial accommodations.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) dipped 12.2% to $878.99 after the company announced the launch of a proposed public offering of 2,000,000 shares of its common stock.</li>
<li>JOYY Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yy#NASDAQ">YY</a>) fell 11.6% to $29.50. JOYY posted upbeat earnings for its fourth quarter. The company said it sees first-quarter net revenues of $543 million to $560 million versus market estimates of $579.45 million.</li>
<li>Direct Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drct#NASDAQ">DRCT</a>) fell 11.4% to $25.58.</li>
<li>GigaCloud Technology Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gct#NYSE">GCT</a>) fell 11.3% to $30.33.</li>
<li>StoneCo Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stne#NASDAQ">STNE</a>) shares fell 9.4% to $15.82 after the company reported fourth-quarter financial results.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) fell 8.7% to $17.70 amid a pullback in Bitcoin.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) shares fell 8.1% to $220.14 amid weakness in Bitcoin prices.</li>
<li>Portage Biotech Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prtg#NASDAQ">PRTG</a>) shares fell 7.8% to $0.53 after gaining around 5% on Monday.</li>
<li>Beyond Meat, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bynd#NASDAQ">BYND</a>) shares declined 7.3% to $7.70 after the company filed for a mixed securities shelf offering.</li>
<li>SoundHound AI, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/soun#NASDAQ">SOUN</a>) fell 5.8% to $7.76. The company launched an innovative in-vehicle voice assistant today.</li>
<li>Bitdeer Technologies Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btdr#NASDAQ">BTDR</a>) shares dipped 5.6% to $6.99. Bitdeer Technologies Group filed for mixed shelf of up to $750 million.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37819814/around-9m-bet-on-cardlytics-check-out-these-4-stocks-insiders-are-buying"> Around $9M Bet On Cardlytics? Check Out These 4 Stocks Insiders Are Buying</a>

Why Peraso Shares Are Trading Lower By Over 23%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>BitFuFu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUFU#NASDAQ">FUFU</a>) stock increased by 22.5% to $5.0 during Tuesday's regular session. The market value of their outstanding shares is at $814.4 million. </li>
<li>Movella Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVLA#NASDAQ">MVLA</a>) shares increased by 22.18% to $0.33. The company's market cap stands at $16.7 million. </li>
<li>Spectaire Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPEC#NASDAQ">SPEC</a>) stock increased by 20.76% to $1.26. The company's market cap stands at $19.2 million. </li>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) shares increased by 17.97% to $4.07. The market value of their outstanding shares is at $151.1 million. </li>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) stock increased by 13.9% to $0.62. The company's market cap stands at $60.6 million. </li>
<li>My Size (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYSZ#NASDAQ">MYSZ</a>) shares rose 11.66% to $0.45. The market value of their outstanding shares is at $2.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) stock decreased by 27.4% to $3.34 during Tuesday's regular session. The market value of their outstanding shares is at $95.0 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) stock declined by 21.88% to $1.36. The company's market cap stands at $1.9 million. The company's, Q4 earnings came out yesterday. </li>
<li>Zepp Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZEPP#NYSE">ZEPP</a>) stock declined by 20.5% to $0.97. The market value of their outstanding shares is at $59.2 million. The company's, Q4 earnings came out yesterday. </li>
<li>Mercurity Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) stock declined by 19.6% to $1.6. The market value of their outstanding shares is at $97.3 million. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) stock declined by 14.38% to $0.23. The market value of their outstanding shares is at $20.4 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock decreased by 13.6% to $1.08. The market value of their outstanding shares is at $6.7 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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12 Information Technology Stocks Moving In Tuesday's Intraday Session

U.S. stocks traded mixed midway through trading, with the Dow Jones gaining more than 200 points on Tuesday.
The Dow traded up 0.54% to 39,001.22 while the NASDAQ fell 0.34% to 16,048.51. The S&amp;P 500 also rose, gaining, 0.02% to 5,150.45.
Check This Out: <a href="https://www.benzinga.com/news/24/03/37819139/nvidia-to-rally-around-10-here-are-10-top-analyst-forecasts-for-tuesday"> Nvidia To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Tuesday</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Energy shares rose by 0.7% on Tuesday.
In trading on Tuesday, communication services shares fell by 1%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Shares of Core &amp; Main, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnm#NYSE">CNM</a>) gained around 7% on Tuesday after the company reported fourth-quarter results.
Core &amp; Main posted quarterly earnings of 34 cents per share, missing analysts&rsquo; estimates of 35 cents per share. The company&rsquo;s quarterly sales came in at $1.44 billion, versus expectations of $1.43 billion.
Core &amp; Main said it expects 2024 net sales of $7.4 billion to $7.6 billion and adjusted EBITDA of $925 million to $975 million.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Ontrak, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otrk#NASDAQ">OTRK</a>) shares shot up 132% to $0.44 ahead of the company&#39;s presentation at the 36th Annual Roth Conference.
Shares of Fusion Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fusn#NASDAQ">FUSN</a>) got a boost, surging 97% to $21.00 after the company announced agreed to be acquired by AstraZeneca. Also, Leerink Partners downgraded the stock from Outperform to Market Perform but raised its price target from $17 to $21.
Spire Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spir#NYSE">SPIR</a>) shares were also up, gaining 28% to $15.70 after the company announced a collaboration with NVIDIA to advance AI-driven weather prediction.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Greenwave Technology Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwav#NASDAQ">GWAV</a>) shares dropped 57% to $0.1602. The company announced it has restructured its senior secured debt.
Shares of Seelos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seel#NASDAQ">SEEL</a>) were down 41% to $0.5394 after the company announced that its ALS study with SLS-005 did not meet statistical significance in the primary and secondary endpoint in the Full Analysis Set.
Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) was down, falling 27% to $3.3450 following weak quarterly results.
Also Check This Out:<a href="https://www.benzinga.com/news/earnings/24/03/37812053/how-to-earn-500-a-month-from-general-mills-stock-ahead-of-q3-earnings"> How To Earn $500 A Month From General Mills Stock Ahead Of Q3 Earnings</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 0.4% to $83.03 while gold traded down 0.5% at $2,153.70.
Silver traded down 1.1% to $24.99 on Tuesday, while copper fell 1.5% to $4.07.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were mostly higher today. The eurozone&rsquo;s STOXX 600 fell 0.01%, London&rsquo;s FTSE 100 rose 0.02% while Spain&rsquo;s IBEX 35 Index rose 0.58% The German DAX rose 0.13% French CAC 40 gained 0.52% while Italy&rsquo;s FTSE MIB Index rose 0.59%.
The ZEW Indicator of Economic Sentiment for the Eurozone rose by 8.5 points to a reading of 33.5 in March, while wages in the Eurozone increased 3.1% year-over-year in the fourth quarter. Hourly labor costs rose by 3.4% year-over-year for the quarter.
The ZEW Indicator of Economic Sentiment for Germany climbed to a reading of +31.7 in March, surging to its strongest level since Feb. 2022.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mostly lower on Tuesday, with Japan&rsquo;s Nikkei 225 gaining 0.66%, Hong Kong&rsquo;s Hang Seng Index falling 1.24%, China&rsquo;s Shanghai Composite Index dipping 0.72% and India&rsquo;s S&amp;P BSE Sensex falling 0.87%.
Industrial production in Japan fell by 6.7% month-over-month in January compared to the preliminary figure of a 7.5% decline. The Bank of Japan increased its key short-term interest rate to around 0% to 0.1%.
&nbsp;
<h3>Economics</h3>
&nbsp;
Housing starts in the U.S. surged 10.7% month-over-month to an annualized rate of 1.521 million in February following a 12.3% decline in January.
U.S. building permits rose by 1.9% to an annual rate of 1.518 million in February, versus market estimates of 1.495 million.
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37811812/core-main-caleres-and-3-stocks-to-watch-heading-into-tuesday"> Core &amp; Main, Caleres And 3 Stocks To Watch Heading Into Tuesday</a>

Dow Jumps 200 Points; Core & Main Shares Gain After Q4 Results

Comtech Telecommunications shares are trading lower after the company reported worse-than-expected Q2 financial results.

<h3>Gainers</h3>
<ul>
<li>GSE Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVP#NASDAQ">GVP</a>) shares moved upwards by 13.0% to $2.95 during Tuesday's pre-market session. The market value of their outstanding shares is at $8.4 million. </li>
<li>MultiSensor AI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSAI#NASDAQ">MSAI</a>) shares moved upwards by 12.74% to $2.83. The market value of their outstanding shares is at $33.8 million. </li>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) stock rose 11.11% to $0.4. The company's market cap stands at $8.4 million. </li>
<li>One Stop Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSS#NASDAQ">OSS</a>) stock moved upwards by 7.48% to $4.02. The market value of their outstanding shares is at $82.8 million. </li>
<li>MariaDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRDB#NYSE">MRDB</a>) stock rose 7.31% to $0.32. The company's market cap stands at $21.6 million. </li>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) stock moved upwards by 6.25% to $0.68. The market value of their outstanding shares is at $64.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) stock declined by 17.5% to $1.44 during Tuesday's pre-market session. The company's market cap stands at $2.0 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) stock fell 10.26% to $0.7. The market value of their outstanding shares is at $51.9 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Airship AI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AISP#NASDAQ">AISP</a>) shares declined by 10.18% to $12.1. The market value of their outstanding shares is at $276.0 million. </li>
<li>Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock decreased by 10.07% to $899.99. The market value of their outstanding shares is at $50.3 billion. </li>
<li>MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares declined by 9.37% to $1362.0. The market value of their outstanding shares is at $23.1 billion. </li>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) shares declined by 9.14% to $4.18. The market value of their outstanding shares is at $119.0 million. The company's, Q2 earnings came out yesterday. 
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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Infrared Cameras Holdings, Inc. - Common Stock

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RCAT

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

<h3>Gainers</h3>
<ul>
<li>Alpine 4 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALPP#NASDAQ">ALPP</a>) stock rose 33.8% to $0.95 during Monday's after-market session. The market value of their outstanding shares is at $25.6 million. </li>
<li>Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) shares rose 8.51% to $55.43. The market value of their outstanding shares is at $3.4 billion. </li>
<li>HeartCore Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) shares rose 8.38% to $0.99. The company's market cap stands at $20.7 million. </li>
<li>Bit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) stock increased by 6.45% to $2.31. The company's market cap stands at $246.9 million. As per the news, the Q4 earnings report came out today. </li>
<li>OMNIQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMQS#NASDAQ">OMQS</a>) shares moved upwards by 5.85% to $0.65. The company's market cap stands at $6.8 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock increased by 5.66% to $2.05. The market value of their outstanding shares is at $408.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) stock decreased by 20.9% to $1.36 during Monday's after-market session. The company's market cap stands at $1.9 million. As per the press release, Q4 earnings came out today. </li>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) shares declined by 7.61% to $4.25. The market value of their outstanding shares is at $121.0 million. As per the press release, Q2 earnings came out today. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) shares fell 6.01% to $0.63. The company's market cap stands at $3.3 million. </li>
<li>Wetouch Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETH#NASDAQ">WETH</a>) shares declined by 5.63% to $4.53. The company's market cap stands at $53.8 million. </li>
<li>Abits Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABTS#NASDAQ">ABTS</a>) shares decreased by 4.88% to $0.74. The market value of their outstanding shares is at $26.2 million. </li>
<li>Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares decreased by 4.28% to $0.47. The market value of their outstanding shares is at $28.9 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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12 Information Technology Stocks Moving In Monday's After-Market Session

OUTLOOK:
&nbsp;
&nbsp;As I wrote earlier, we are encouraged by the progress we have made through our One Comtech transformation. We continue to implement many important lean initiatives and process improvement activities anticipated to drive sustainable, profitable growth in our business. Several of these actions have already contributed to our improved financial performance, affording us the opportunity to report our third consecutive fiscal quarter of positive GAAP operating income since fiscal 2021. As we enter the third quarter of fiscal 2024, as described in more detail in our Q2 FY24 Form 10-Q, business conditions continue to be challenging, and the operating environment is largely unpredictable. Nevertheless, despite these business conditions and resulting challenges and although we anticipate some variability from time to time as we move through our One Comtech transformational change, we are targeting net sales and Adjusted EBITDA&#x2A; for fiscal year 2024 to be better than fiscal 2023.

Guidance

Comtech Telecommunications Says As We Enter Q3 Fiscal 2024, Business Conditions Continue To Be Challenging, Operating Environment Is Largely Unpredictable, We Anticipate Some Variability From Time To Time As We Move Through Our One Comtech Transformational Change, We Are Targeting Net Sales And Adjusted EBITDA For FY24 To Be Better Than FY23

Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) reported quarterly losses of $(0.15) per share which missed the analyst consensus estimate of $0.22 by 168.18 percent. This is a 266.67 percent decrease over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $134.22 million which missed the analyst consensus estimate of $152.85 million by 12.19 percent. This is a 0.37 percent increase over sales of $133.72 million the same period last year.

Comtech Telecom Q2 Adj. EPS $(0.15) Misses $0.22 Estimate, Sales $134.22M Miss $152.85M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Niu Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIU#NASDAQ">NIU</a>) is expected to report earnings for its fourth quarter.
&bull; System1 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SST#NYSE">SST</a>) is estimated to report quarterly loss at $0.33 per share on revenue of $93.81 million.
&bull; Embraer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $2.00 billion.
&bull; Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) is estimated to report earnings for its Fiscal Year 2023.
&bull; Coda Octopus Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODA#NASDAQ">CODA</a>) is likely to report quarterly earnings at $0.01 per share on revenue of $3.99 million.
&bull; Exagen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XGN#NASDAQ">XGN</a>) is likely to report quarterly loss at $0.43 per share on revenue of $11.56 million.
&bull; Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) is likely to report quarterly earnings at $1.43 per share on revenue of $1.64 billion.
&bull; OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) is projected to report quarterly loss at $1.62 per share on revenue of $142.69 million.
&bull; Acurx Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACXP#NASDAQ">ACXP</a>) is likely to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) is expected to report quarterly loss at $0.04 per share on revenue of $5.80 million.
&bull; Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $152.85 million.
&bull; Bit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) is projected to report quarterly loss at $0.05 per share on revenue of $13.18 million.
&bull; FinVolution Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FINV#NYSE">FINV</a>) is expected to report earnings for its fourth quarter.
&bull; StoneCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) is projected to report quarterly earnings at $0.30 per share on revenue of $685.73 million.
&bull; National CineMedia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCMI#NASDAQ">NCMI</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $81.10 million.
&bull; Singular Genomics Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMIC#NASDAQ">OMIC</a>) is estimated to report quarterly loss at $0.34 per share on revenue of $730 thousand.
&bull; Zepp Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZEPP#NYSE">ZEPP</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $94.03 million.
&bull; Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) is estimated to report quarterly loss at $3.76 per share on revenue of $1.70 million.
&bull; Eyenovia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) is projected to report quarterly loss at $0.17 per share on revenue of $130 thousand.
&bull; Lantern Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRN#NASDAQ">LTRN</a>) is expected to report earnings for its fourth quarter.
&bull; Augmedix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUGX#NASDAQ">AUGX</a>) is projected to report quarterly loss at $0.10 per share on revenue of $12.46 million.
&bull; Alpine Immune Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALPN#NASDAQ">ALPN</a>) is estimated to report quarterly loss at $0.34 per share on revenue of $9.10 million.
&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 $173.69 million.
&bull; JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) is estimated to report quarterly earnings at $0.77 per share on revenue of $558.30 million.
&bull; FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $135.00 million.
&bull; RF Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RFIL#NASDAQ">RFIL</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $14.49 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Embraer-Empresa Brasileira De Aeronautica

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SAIC

Earnings Scheduled For March 18, 2024

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Science Applications International Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/saic#NASDAQ">SAIC</a>) to report quarterly earnings at $1.43 per share on revenue of $1.64 billion before the opening bell, according to data from Benzinga Pro. SAIC shares rose 0.6% to $143.48 in after-hours trading.
Analysts are expecting Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) to have earned 22 cents per share on revenue of $152.85 million for the latest quarter. The company will release earnings after the markets close. Comtech Telecommunications shares rose 3.9% to $4.77 in after-hours trading.
AlTi Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>) posted a loss of 87 cents per share for the fourth quarter, versus a year-ago loss of 21 cents per share. The company&rsquo;s quarterly sales came in at $91.71 million. AlTi Global shares fell 6.7% to $5.90 in the after-hours trading session.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
After the markets close, StoneCo Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stne#NASDAQ">STNE</a>) is projected to post quarterly earnings at 30 cents per share on revenue of $685.73 million. StoneCo shares fell 0.3% to close at $17.30 on Friday.
Analysts expect JOYY Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yy#NASDAQ">YY</a>) to post quarterly earnings at 77 cents per share on revenue of $558.30 million after the closing bell. JOYY shares gained 1.3% to $32.68 in the after-hours trading session.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37744364/insiders-buying-united-fire-group-and-3-other-stocks"> Insiders Buying United Fire Group And 3 Other Stocks </a>

ALTI

SAIC, StoneCo And 3 Stocks To Watch Heading Into Monday

The CNN Money Fear and Greed index showed further decline in overall market sentiment, but it remained in the &quot;Greed&quot; zone on Friday.
U.S. stocks closed lower on Friday, with the S&amp;P 500 recording its second-consecutive weekly loss. The S&amp;P 500 lost 0.13% last week, while the 30-stock Dow slipped by 0.02%.
The US Federal Reserve is widely expected to keep rates unchanged at this week&#39;s meeting.
Shares of Adobe Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) fell around 13.7% on Friday after the company issued a weak forecast. Cardlytics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdlx#NASDAQ">CDLX</a>) shares jumped over 77% after the company reported better-than-expected fourth-quarter earnings.
On the economic data front, U.S. industrial production rose by 0.1% from the prior month in February, while the NY Empire State Manufacturing Index fell to -20.9 in March versus -2.4 in February. The University of Michigan consumer sentiment fell to 76.5 in March, recording the lowest reading in three months, compared to 76.9 in February.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, consumer discretionary, and communication services stocks recording the biggest losses on Friday. However, energy and utilities stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by over 190 points to 38,714.77 on Friday. The S&amp;P 500 fell 0.65% at 5,117.09, while the Nasdaq Composite dipped 0.96% at 15,973.17 during Friday&rsquo;s session.
Investors are awaiting earnings results from JOYY Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yy#NASDAQ">YY</a>), Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) and Science Applications International Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/saic#NASDAQ">SAIC</a>) today.
At a current reading of 70.4, the index remained in the &quot;Greed&quot; zone on Friday, versus a prior reading of 71.3.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/03/37725132/how-to-earn-500-a-month-from-dollar-general-stock-following-earnings-beat"> How To Earn $500 A Month From Dollar General Stock Following Earnings Beat </a>
&nbsp;

ADBE

CDLX

Investor Sentiment Falls Further, S&P 500 Records Second Weekly Loss

Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) is set to give its latest quarterly earnings report on Monday, 2024-03-18. Here's what investors need to know before the announcement.
Analysts estimate that Comtech Telecom will report an earnings per share (EPS) of $0.22. 
Comtech Telecom 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 $0.02, which was followed by a 29.68% drop in the share price the next day.
Here's a look at Comtech Telecom's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.26</td>
<td>0.17</td>
<td>0.14</td>
<td>-0.09</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.24</td>
<td>0.29</td>
<td>0.11</td>
<td>0.09</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-30.0%</td>
<td>27.0%</td>
<td>-17.0%</td>
<td>-13.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710511240_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Comtech Telecom were trading at $4.55 as of March 14. Over the last 52-week period, shares are down 62.37%. 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/CMTL/earnings">To track all earnings releases for Comtech Telecom visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Comtech Telecom's Earnings

<h3>Gainers</h3>
<ul>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares increased by 45.8% to $7.13 during Wednesday's regular session. The market value of their outstanding shares is at $42.3 million. </li>
<li>CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) shares rose 29.06% to $2.62. The market value of their outstanding shares is at $39.9 million. </li>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) shares rose 23.39% to $2.11. The market value of their outstanding shares is at $78.3 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Airship AI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AISP#NASDAQ">AISP</a>) shares rose 18.69% to $9.08. The market value of their outstanding shares is at $207.1 million. </li>
<li>Data Storage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTST#NASDAQ">DTST</a>) shares moved upwards by 18.26% to $6.67. The company's market cap stands at $45.7 million. </li>
<li>Minim (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) shares increased by 18.04% to $5.91. The company's market cap stands at $17.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) stock fell 36.9% to $3.95 during Wednesday's regular session. The market value of their outstanding shares is at $137.0 million. </li>
<li>Bit Origin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) stock declined by 23.3% to $4.05. The company's market cap stands at $25.5 million. </li>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) stock decreased by 21.71% to $4.51. The company's market cap stands at $128.4 million. </li>
<li>Semilux International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SELX#NASDAQ">SELX</a>) stock declined by 21.63% to $2.03. The market value of their outstanding shares is at $85.4 million. </li>
<li>Rackspace Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXT#NASDAQ">RXT</a>) stock decreased by 16.75% to $1.84. The company's market cap stands at $398.1 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Transact Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TACT#NASDAQ">TACT</a>) stock fell 14.12% to $5.9. The market value of their outstanding shares is at $58.7 million. The company's, Q4 earnings came out yesterday. 
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.

BTOG

CXAI

DTST

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

LUNA

MINM

SELX

TACT

12 Information Technology Stocks Moving In Wednesday's Intraday Session

Shares of Clover Health Investments, Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clov#NASDAQ">CLOV</a>) rose sharply during Wednesday&rsquo;s session after the company reported better-than-expected fourth-quarter revenue results and issued FY24 insurance revenue guidance.
Clover Health Investments reported quarterly sales of $510.3 million which beat the analyst consensus estimate of $480.25 million by 6.26% and represents a 43.22% decrease over sales of $898.79 million the same period last year.
Clover Health Investments shares climbed 11.2% to $0.8537 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Gaxos.ai Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gxai#NASDAQ">GXAI</a>) shares jumped 128.9% to $12.18 after the company announced it acquired the rights to use certain AI-enabled technology from Ultiself.</li>
<li>Veritone, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/veri#NASDAQ">VERI</a>) gained 52.4% to $2.6076 following strong sales results.</li>
<li>NuCana plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncna#NASDAQ">NCNA</a>) gained 50.2% to $0.5869 after the company was granted a US Patent for &quot;Phosphoramidate Derivatives For Use In The Treatment Of Cancer; Especially In The Treatment Where The Patient Shows Resistance.&quot;</li>
<li>The Beauty Health Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skin#NASDAQ">SKIN</a>) rose 31.9% to $4.7350 after the company reported better-than-expected fourth-quarter revenue results.</li>
<li>Arq, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arq#NASDAQ">ARQ</a>) gained 28.3% to $4.4522 after the company reported upbeat fourth-quarter results.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) jumped 26.6% to $6.19.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktra#NASDAQ">KTRA</a>) shares gained 26.2% to $0.1055.</li>
<li>Nature&#39;s Sunshine Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/natr#NASDAQ">NATR</a>) jumped 24.7% to $21.47 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY24 net sales guidance.</li>
<li>Heron Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hrtx#NASDAQ">HRTX</a>) gained 24.7% to $2.9428 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY24 revenue guidance. Also, Needham maintained a Buy rating on the stock and raised its price target from $4 to $5.</li>
<li>Li-Cycle Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/licy#NASDAQ">LICY</a>) shares gained 23.2% to $0.7233. Li-Cycle shares jumped 46% on Tuesday after the company entered an agreement to issue a senior secured convertible note in an aggregate principal amount of $75 million to an affiliate of Glencore.</li>
<li>Cue Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cue#NASDAQ">CUE</a>) gained 19.2% to $2.11 after Jefferies initiated coverage on the stock with a Buy rating and $6 price target.</li>
<li>AdTheorent Holding Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adth#NASDAQ">ADTH</a>) surged 19% to $3.4150 following strong sales.</li>
<li>SIGA Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/siga#NASDAQ">SIGA</a>) gained 18.8% to $6.32 after the company reported a year-over-year increase in quarterly financial results.</li>
<li>Educational Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/educ#NASDAQ">EDUC</a>) surged 18.1% to $2.0432.</li>
<li>Portage Biotech Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prtg#NASDAQ">PRTG</a>) gained 17.7% to $0.6589.</li>
<li>Williams-Sonoma, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wsm#NYSE">WSM</a>) climbed 17.7% to $283.70 after the company reported better-than-expected fourth-quarter earnings, announced a new $ 1 billion stock repurchase authorization and increased its quarterly dividend.</li>
<li>HUTCHMED (China) Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcm#NASDAQ">HCM</a>) shares climbed 15.8% to $18.91 after gaining 9% on Tuesday.</li>
<li>Annexon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/annx#NASDAQ">ANNX</a>) rose 15% to $5.28. Needham analyst Joseph Stringer reiterated Annexon with a Buy and maintained a $16 price target.</li>
<li>Mind Medicine (MindMed) Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnmd#NASDAQ">MNMD</a>) gained 13.2% to $8.90.</li>
<li>Full Truck Alliance Co. Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ymm#NYSE">YMM</a>) climbed 11.2% to $7.74. Full Truck Alliance announced extension of share repurchase program up to $300 million.</li>
<li>Summit Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smmt#NASDAQ">SMMT</a>) gained 10% to $4.7450.</li>
<li>Qilian International Holding Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qli#NASDAQ">QLI</a>) climbed 10% to $0.6052.</li>
<li>PBF Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbf#NYSE">PBF</a>) gained 9.4% to $55.18.</li>
<li>BeiGene, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgne#NASDAQ">BGNE</a>) shares climbed 9% to $178.44.</li>
<li>Minim, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/minm#NASDAQ">MINM</a>) gained 8.3% to $5.43 after the company announced that it entered into a definitive merger agreement with e2Companies.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rxrx#NASDAQ">RXRX</a>) rose 7% to $ 11.27.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>voxeljet AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vjet#NASDAQ">VJET</a>) shares fell 40.8% to $0.5922 after the company announced it will voluntarily delist its ADSs from Nasdaq and deregister its ADSs. The company also announced the restatement and extension of its loan financing with Anzu.</li>
<li>Luna Innovations Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/luna#NASDAQ">LUNA</a>) fell 39% to $3.82 after the company announced that it will delay the release of its fourth-quarter and FY23 financial results. and said financial statements for the quarters ended Jun. 30 and Sept. 30 should no longer be relied upon.</li>
<li>SurgePays, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/surg#NASDAQ">SURG</a>) fell 30.5% to $4.86 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>P3 Health Partners Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/piii#NASDAQ">PIII</a>) fell 29.4% to $0.72.</li>
<li>SOS Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sos#NYSE">SOS</a>) dipped 28% to $1.5399 G</li>
<li>Allbirds, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bird#NASDAQ">BIRD</a>) declined 25.3% to $0.6952 after the company reported worse-than-expected fourth-quarter GAAP EPS results.</li>
<li>Fangdd Network Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duo#NASDAQ">DUO</a>) fell 23.3% to $0.5710.</li>
<li>WideOpenWest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wow#NYSE">WOW</a>) fell 21.1% to $2.7290 after the company reported worse-than-expected fourth-quarter financial results and issued guidance.</li>
<li>NaaS Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/naas#NASDAQ">NAAS</a>) fell 20.1% to $1.19 after the company announced a $6 million registered direct offering.</li>
<li>Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) fell 19% to $4.6599. Comtech named John Ratigan as Interim Chief Executive Officer.</li>
<li>Aterian, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ater#NASDAQ">ATER</a>) tumbled 19% to $0.3783 following quarterly results.</li>
<li>Psyence Biomedical Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbm#NASDAQ">PBM</a>) fell 17.8% to $1.01.</li>
<li>reAlpha Tech Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aire#NASDAQ">AIRE</a>) fell 16.3% to $1.07 after the company reported EPS for the eight months ended Dec. 31, 2023.</li>
<li>loanDepot, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ldi#NYSE">LDI</a>) fell 15.9% to $2.1350 following weak quarterly results.</li>
<li>Bit Origin Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btog#NASDAQ">BTOG</a>) fell 15.7% to $4.45 after gaining 11% on Tuesday.</li>
<li>Dollar Tree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dltr#NASDAQ">DLTR</a>) declined 14.5% to $128.00 after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter EPS guidance below estimates.</li>
<li>Rackspace Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rxt#NASDAQ">RXT</a>) dipped 13.3% to $1.9150 after the company issued first-quarter guidance below estimates. The company also announced refinancing transactions.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zim#NYSE">ZIM</a>) fell 12.4% to $10.22 following weak quarterly sales.</li>
<li>Neumora Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmra#NASDAQ">NMRA</a>) declined 12.2% to $15.24.</li>
<li>ECD Automotive Design, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ecda#NASDAQ">ECDA</a>) dipped 10.8% to $1.07 after jumping over 13% on Tuesday.</li>
<li>Solowin Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swin#NASDAQ">SWIN</a>) fell 8.6% to $26.61.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/03/37657561/nvidia-to-rally-around-20-here-are-10-top-analyst-forecasts-for-wednesday"> NVIDIA To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Wednesday </a>

ADTH

AIRE

ANNX

ATER

BGNE

BIRD

CLOV

DLTR

ECDA

EDUC

GXAI

HRTX

Kintara Therapeutics, Inc. - Common Stock

KTRA

MNMD

NAAS

NATR

NCNA

NMRA

PIII

RXRX

SIGA

SKIN

SMMT

SURG

VJET

Why Clover Health Investments Shares Are Trading Higher By 11%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

U.S. stocks were mixed, with the Dow Jones index surging more than 100 points on Wednesday.
Shares of Dollar Tree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dltr#NASDAQ">DLTR</a>) fell sharply during Wednesday&rsquo;s session after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter <a href="https://www.benzinga.com/news/earnings/24/03/37655884/why-discount-store-chain-dollar-tree-shares-are-plunging-today">EPS guidance below estimates</a>.
Dollar Tree reported fourth-quarter FY23 sales growth of 11.9% year-on-year to $8.63 billion, missing the analyst consensus estimate of $8.67 billion. Adjusted EPS of $2.55 missed the consensus estimate of $2.65, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Dollar Tree shares dipped 14.5% to $128.00 on Wednesday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>NaaS Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/naas#NASDAQ">NAAS</a>) declined 20.1% to $1.19 after the company announced a $6 million registered direct offering.</li>
<li>Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) dipped 19% to $4.6599. Comtech named John Ratigan as Interim Chief Executive Officer.</li>
<li>loanDepot, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ldi#NYSE">LDI</a>) dipped 15.9% to $2.1350 following weak quarterly results.</li>
<li>Rackspace Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rxt#NASDAQ">RXT</a>) tumbled 13.3% to $1.9150 after the company issued first-quarter guidance below estimates. The company also announced refinancing transactions.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zim#NYSE">ZIM</a>) dipped 12.4% to $10.22 following weak quarterly sales.</li>
<li>Neumora Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmra#NASDAQ">NMRA</a>) fell 12.2% to $15.24.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tvgn#NASDAQ">TVGN</a>) dipped 8.8% to $6.09.</li>
<li>ADC Therapeutics SA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adct#NASDAQ">ADCT</a>) fell 8.8% to $4.06 following quarterly results.</li>
<li>Solowin Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swin#NASDAQ">SWIN</a>) declined 8.6% to $26.61.</li>
<li>Arcos Dorados Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arco#NYSE">ARCO</a>) dipped 8.4% to $10.95 following downbeat quarterly earnings.</li>
<li>Ichor Holdings, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ichr#NASDAQ">ICHR</a>) fell 8% to $39.27 after announcing a $125 million public offering of ordinary shares.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) fell 5.4% to $1.06.</li>
<li>Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) shares declined 2.4% to $173.22 after Wells Fargo downgraded the stock from Equal-Weight to Underweight and lowered its price target from $200 to $125.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/03/37657561/nvidia-to-rally-around-20-here-are-10-top-analyst-forecasts-for-wednesday"> NVIDIA To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Wednesday </a>

ADCT

ARCO

ICHR

NUKK

TSLA

TVGN

Dollar Tree Reports Weak Earnings, Joins Tesla, Arcos Dorados And Other Big Stocks Moving Lower On Wednesday

Mark Quinlan Named Chair of the Board
Comtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) (the &quot;Company&quot;) today announced that its Board of Directors has appointed John Ratigan, Chief Corporate Development Officer (&quot;CCDO&quot;), as interim Chief Executive Officer, effective immediately. Mr. Ratigan succeeds Ken Peterman, who has been terminated as President and CEO and will cease to serve on the Board. Mr. Peterman&#39;s termination was for conduct unrelated to Comtech&#39;s business strategy, financial results or previously filed financial statements.
Mr. Ratigan, a former Chief Executive Officer, is an accomplished executive who brings over three decades of experience and senior leadership expertise across the global satellite technology sector. He has an extensive background in satellite communications, as well as a deep familiarity with Comtech, having spent ten years at EF Data Corp. prior to its acquisition by Comtech in July 2000, driving significant revenue growth over the course of his tenure. As CCDO at Comtech, Mr. Ratigan has proven himself an instrumental member of the executive team, identifying and optimizing market shifts currently underway and executing on the Company&#39;s One Comtech strategy.
In addition, the Board has elected current Board member Mark Quinlan as Chair of the Board.
&quot;The Board is committed to upholding the highest standards of ethical and professional conduct,&quot; said Mark Quinlan, Chair of the Comtech Board. &quot;The Comtech Board remains committed to our strategy and mission of serving the complex and secure connectivity needs of the government and commercial sectors. We are fortunate to have a leader of John&#39;s caliber leading Comtech&#39;s talented organization at this important moment as we continue to deliver mission-critical solutions to our global customer base. With our commitment to innovation and competitive market position, Comtech is well positioned to capitalize on the significant growth opportunities ahead.&quot;
&quot;As a leading global provider of next-generation 911 systems, secure wireless technologies and satellite communications, Comtech is at the forefront of innovative trusted connectivity solutions,&quot; said Mr. Ratigan. &quot;I look forward to working closely with the leadership team and the Board as we continue successfully executing on One Comtech, building on the Company&#39;s recent momentum and creating value for shareholders, customers, partners, employees and other stakeholders.&quot;
The Board will initiate a search for a permanent successor and intends to retain a leading executive search firm to assist in the process.
The Company expects to report its financial results and file its Form 10-Q for the quarter ended January 31, 2024, on March 18, 2024.
About John Ratigan
Before joining Comtech in November 2023 as the Company&#39;s first Chief Corporate Development Officer, Mr. Ratigan served as CEO and President of iDirect Government, LLC and as an Executive Committee Member of ST Engineering iDirect, Inc. During his tenure, he grew iDirect Government to over&nbsp;$100 million&nbsp;in annual revenue and spearheaded the acquisition of GlowLink Communications Technologies, Inc. and its unique interference mitigation technology (CSIR), which helped the company become the largest provider of Time Division Multiple Access (TDMA) SATCOM capabilities. Earlier in his career, Mr. Ratigan ran East Coast operations for Fairchild Data Corporation and EF Data Corp., which is now a part of Comtech. During his time at EF Data, he was instrumental in helping the company grow from&nbsp;$20 million&nbsp;to&nbsp;$120 million&nbsp;in revenue in under eight years. Prior to that, Mr. Ratigan held the position of Senior Vice President of North and South American sales for the start-up BroadLogic Network Technologies, Inc. He began his career in the United States Senate working for Senator Bill Armstrong (R-Colorado) and held multiple sales positions with the Xerox Corporation as a member of the legal sales team.
Mr. Ratigan holds a Bachelor of Science in Marketing from the University of Maryland.

Management

Comtech Appoints John Ratigan As Interim Chief Executive Officer; Mark Quinlan Named Chair Of The Board

<h3>Gainers</h3>
<ul>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) stock moved upwards by 36.0% to $24.48 during Wednesday's after-market session. The company's market cap stands at $145.4 million. </li>
<li>ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) stock moved upwards by 21.92% to $93.89. The company's market cap stands at $96.2 billion. The company's, Q3 earnings came out today. </li>
<li>Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) stock increased by 12.72% to $27.38. The company's market cap stands at $8.4 billion. As per the press release, Q4 earnings came out today. </li>
<li>Bit Origin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) stock moved upwards by 7.87% to $5.48. The market value of their outstanding shares is at $30.3 million. </li>
<li>Monolithic Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) shares increased by 6.13% to $685.0. The market value of their outstanding shares is at $32.8 billion. The company's, Q4 earnings came out today. </li>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) shares moved upwards by 5.4% to $6.24. The company's market cap stands at $177.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) shares declined by 12.6% to $115.0 during Wednesday's after-market session. The market value of their outstanding shares is at $3.7 billion. The company's, Q4 earnings came out today. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock decreased by 11.2% to $0.36. The company's market cap stands at $3.9 million. </li>
<li>Digital Turbine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPS#NASDAQ">APPS</a>) shares declined by 11.08% to $4.48. The market value of their outstanding shares is at $454.0 million. As per the news, the Q3 earnings report came out today. </li>
<li>Addvantage Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEY#NASDAQ">AEY</a>) shares declined by 8.49% to $0.6. </li>
<li>Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) shares declined by 8.0% to $163.0. The company's market cap stands at $5.9 billion. As per the news, the Q4 earnings report came out today. </li>
<li>MariaDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRDB#NYSE">MRDB</a>) stock decreased by 6.39% to $0.44. The company's market cap stands at $29.8 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.