Intevac (NASDAQ:IVAC) Stock, Quote.Headers.trade-ideas

Intevac

Intevac Inc designs and develops high-productivity, thin-film processing systems. The company's production platforms are designed for high-volume manufacturing of substrates with precise thin-film properties, such as the hard disk drive, display cover panel. The Thin Film Equipment segment also previously designed, developed, and marketed manufacturing equipment for the photovoltaic solar cell and semiconductor packaging industries. Geographically, the majority of revenue is generated from Asia.

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Intevac Inc

WIIM

Intevac shares are trading higher after the company reported better-than-expected Q2 financial results.

Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) reported quarterly losses of $(0.12) per share which beat the analyst consensus estimate of $(0.20) by 40 percent. This is a 36.84 percent increase over losses of $(0.19) per share from the same period last year. The company reported quarterly sales of $14.526 million which beat the analyst consensus estimate of $8.300 million by 75.01 percent. This is a 41.02 percent increase over sales of $10.301 million the same period last year.

Earnings

Earnings Beats

Intevac Q2 2024 Adj. EPS $(0.12) Beats $(0.20) Estimate, Sales $14.526M Beat $8.300M Estimate

Management

Intevac Appoints Cameron McAulay As CFO; Succeeds Kevin Soulsby

Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) reported quarterly losses of $(0.10) per share which beat the analyst consensus estimate of $(0.17) by 41.18 percent. This is a 37.5 percent increase over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $9.631 million which beat the analyst consensus estimate of $6.500 million by 48.17 percent. This is a 16.56 percent decrease over sales of $11.542 million the same period last year.

Intevac Q1 2024 Adj EPS $(0.10) Beats $(0.17) Estimate, Sales $9.631M Beat $6.500M Estimate

Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) reported its Q4 earnings results on Monday, February 5, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Intevac beat estimated earnings by 41.67%, reporting an EPS of $-0.07 versus an estimate of $-0.12.
Revenue was up $1.65 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.13 which was followed by a 11.54% increase in the share price the next day.
Here's a look at Intevac's past performance:

<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>-0.13</td>
<td>-0.21</td>
<td>-0.18</td>
<td>-0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0</td>
<td>-0.19</td>
<td>-0.16</td>
<td>-0.13</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>12.50M</td>
<td>8.50M</td>
<td>11.25M</td>
<td>10.00M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>17.91M</td>
<td>10.30M</td>
<td>11.54M</td>
<td>11.26M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Intevac <a href="https://www.benzinga.com/quote/IVAC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Intevac Q4 Earnings

Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) reported quarterly losses of $(0.07) per share which beat the analyst consensus estimate of $(0.12) by 41.67 percent. This is a 46.15 percent increase over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $12.91 million which beat the analyst consensus estimate of $9.70 million by 33.05 percent. This is a 14.63 percent increase over sales of $11.26 million the same period last year.

Intevac Q4 Adj EPS $(0.07) Beats $(0.12) Estimate, Sales $12.91M Beat $9.70M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; NAPCO Security Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSSC#NASDAQ">NSSC</a>) is estimated to report quarterly earnings at $0.26 per share on revenue of $43.92 million.
&bull; Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) is projected to report quarterly earnings at $5.98 per share on revenue of $524.15 million.
&bull; Sphere Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPHR#NYSE">SPHR</a>) is expected to report quarterly loss at $0.85 per share on revenue of $300.23 million.
&bull; Bowlero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $300.52 million.
&bull; ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) is estimated to report quarterly earnings at $1.21 per share on revenue of $2.00 billion.
&bull; Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $13.36 billion.
&bull; McDonald&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is likely to report quarterly earnings at $2.82 per share on revenue of $6.45 billion.
&bull; Estee Lauder Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) is expected to report quarterly earnings at $0.55 per share on revenue of $4.20 billion.
&bull; IDEXX Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) is expected to report quarterly earnings at $2.11 per share on revenue of $889.85 million.
&bull; Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) is projected to report quarterly earnings at $4.75 per share on revenue of $17.11 billion.
&bull; Graham (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>) is projected to report quarterly loss at $0.03 per share on revenue of $38.94 million.
&bull; CNA Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNA#NYSE">CNA</a>) is likely to report quarterly earnings at $1.10 per share on revenue of $2.95 billion.
&bull; Mitsubishi UFJ Finl Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>) is projected to report earnings for its third quarter.
&bull; Timken (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKR#NYSE">TKR</a>) is estimated to report quarterly earnings at $1.22 per share on revenue of $1.06 billion.
&bull; Loews (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/L#NYSE">L</a>) is likely to report earnings for its fourth quarter.
&bull; Mesa Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLAB#NASDAQ">MLAB</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $54.89 million.
&bull; Air Products &amp; Chemicals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>) is expected to report quarterly earnings at $3.00 per share on revenue of $3.20 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Bright Scholar Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEDU#NYSE">BEDU</a>) is projected to report earnings for its first quarter.
&bull; IRSA Inversiones y (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRS#NYSE">IRS</a>) is estimated to report earnings for its second quarter.
&bull; Kilroy Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRC#NYSE">KRC</a>) is projected to report earnings for its fourth quarter.
&bull; BellRing Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRBR#NYSE">BRBR</a>) is estimated to report quarterly earnings at $0.39 per share on revenue of $412.86 million.
&bull; Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $777.81 million.
&bull; NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) is estimated to report quarterly earnings at $3.63 per share on revenue of $3.40 billion.
&bull; Symbotic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) is likely to report quarterly loss at $0.06 per share on revenue of $368.89 million.
&bull; Golub Capital BDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBDC#NASDAQ">GBDC</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $160.51 million.
&bull; Kforce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KFRC#NASDAQ">KFRC</a>) is projected to report quarterly earnings at $0.79 per share on revenue of $363.36 million.
&bull; Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) is estimated to report quarterly earnings at $4.09 per share on revenue of $2.51 billion.
&bull; Itau Unibanco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) is estimated to report quarterly earnings at $0.19 per share on revenue of $7.99 billion.
&bull; United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) is projected to report quarterly earnings at $0.37 per share on revenue of $299.98 million.
&bull; Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $602.55 million.
&bull; Skyline Champion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKY#NYSE">SKY</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $499.72 million.
&bull; AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $3.66 billion.
&bull; Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $1.68 billion.
&bull; Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $1.12 billion.
&bull; Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) is estimated to report quarterly earnings at $1.48 per share on revenue of $482.21 million.
&bull; Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) is projected to report quarterly earnings at $2.03 per share on revenue of $693.15 million.
&bull; Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $435.67 million.
&bull; Cabot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBT#NYSE">CBT</a>) is likely to report quarterly earnings at $1.49 per share on revenue of $952.85 million.
&bull; ChampionX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHX#NASDAQ">CHX</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $950.17 million.
&bull; Crown Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) is estimated to report quarterly earnings at $1.43 per share on revenue of $2.95 billion.
&bull; Flexsteel Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLXS#NASDAQ">FLXS</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $102.12 million.
&bull; Gladstone Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLAD#NASDAQ">GLAD</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $23.39 million.
&bull; Rambus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $134.00 million.
&bull; Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $187.44 million.
&bull; Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) is estimated to report earnings for its fourth quarter.
&bull; Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $151.88 million.
&bull; Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $9.70 million.
&bull; FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) is estimated to report quarterly earnings at $1.08 per share on revenue of $1.25 billion.
&bull; J&amp;J Snack Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>) is expected to report quarterly earnings at $0.78 per share on revenue of $362.88 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AMKR

BEDU

BOWL

BRBR

CHGG

COHR

FLXS

GBDC

GLAD

IDXX

ITUB

JJSF

KFRC

MLAB

MUFG

NSSC

NXPI

PLTR

RMBS

SPHR

VRNS

VRTX

Earnings Scheduled For February 5, 2024

Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-05. Here's what investors need to know before the announcement.
Analysts estimate that Intevac will report an earnings per share (EPS) of $-0.12. 
Intevac 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>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.13, which was followed by a 11.54% increase in the share price the next day.
Here's a look at Intevac'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>-0.13</td>
<td>-0.21</td>
<td>-0.18</td>
<td>-0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0</td>
<td>-0.19</td>
<td>-0.16</td>
<td>-0.13</td>
</tr>
<tr>
<td>Price Change %</td>
<td>11.54%</td>
<td>6.57%</td>
<td>-21.65%</td>
<td>1.03%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706893255_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Intevac were trading at $4.08 as of February 01. Over the last 52-week period, shares are down 42.45%. 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/IVAC/earnings">To track all earnings releases for Intevac 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: Intevac

Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) reported quarterly sales of $17.91 million which beat the analyst consensus estimate of $12.50 million by 43.32 percent. This is a 66.65 percent increase over sales of $10.75 million the same period last year.

Intevac Q3 Sales $17.91M Beat $12.50M Estimate

Intevac Q3 EPS $0.00 Beats $(0.13) Estimate, Sales $17.91M Beat $12.50M Estimate

Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) reported quarterly losses of $(0.19) per share which beat the analyst consensus estimate of $(0.21) by 9.52 percent. This is a 90 percent decrease over losses of $(0.10) per share from the same period last year. The company reported quarterly sales of $10.30 million which beat the analyst consensus estimate of $8.50 million by 21.19 percent. This is a 10.68 percent increase over sales of $9.31 million the same period last year.

Intevac Q2 Adj EPS $(0.19) Beats $(0.21) Estimate, Sales $10.30M Beat $8.50M Estimate

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Corsair Gaming, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crsr#NASDAQ">CRSR</a>)</h3>
<ul>
<li>Corsair Gaming reported better-than-expected first-quarter financial results and issued FY23 guidance. Andy Paul, Chief Executive Officer of Corsair, stated, &ldquo;We are off to a strong start to 2023 with a 33% improvement in adjusted EBITDA compared to the year ago period.&rdquo; The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/CRSR">52-week low of $10.96 </a>.</li>
<li>RSI Value: 28.97</li>
<li>CRSR Price Action: Shares of Corsair Gaming fell 0.5% to close at $17.18 on Thursday.</li>
</ul>
<h3>Intevac, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ivac#NASDAQ">IVAC</a>)</h3>
<ul>
<li>Intevac reported appointment of Houlihan Lokey to evaluate strategic options. It <a href="https://www.benzinga.com/quote/IVAC"> has a 52-week low </a> of $3.60.</li>
<li>RSI Value: 25.22</li>
<li>IVAC Price Action: Shares of Intevac fell 1.3% to close at $3.80 on Thursday.</li>
</ul>
<h3>SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>)</h3>
<ul>
<li>SolarEdge reported strong first-quarter results. &quot;We are pleased with our first quarter results reflecting our strong global presence and execution capabilities,&quot; said Zvi Lando, Chief Executive Officer of SolarEdge. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/SEDG"> low of $190.15.</a></li>
<li>RSI Value: 25.81</li>
<li>SEDG Price Action: Shares of SolarEdge Technologies fell 2.9% to close at $244.57 on Thursday.</li>
</ul>
<h3>SkyWater Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyt#NASDAQ">SKYT</a>)</h3>
<ul>
<li>SkyWater Technology posted a lower-than-expected quarterly loss. &quot;We are pleased to report a strong start to 2023, as we set another record for quarterly revenues,&quot; commented Thomas Sonderman, SkyWater president and chief executive officer. The company&rsquo;s 52-week low is $5.74.</li>
<li>RSI Value: 29.41</li>
<li>SKYT Price Action: Shares of SkyWater Technology fell 4% to close at $8.49 on Thursday.</li>
</ul>
<h3>Methode Electronics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mei#NYSE">MEI</a>)</h3>
<ul>
<li>Methode Electronics reported mixed fourth-quarter results. President and Chief Executive Officer Donald W. Duda said, &quot;Methode had strong sales in the quarter led by our lighting and power distribution solutions, and our EV application sales set another record. Material cost inflation continues to significantly challenge our margins, but we were still able to deliver strong free cash flow.&quot; The company <a href="https://www.benzinga.com/quote/MEI"> has a 52-week low </a> of $33.62.</li>
<li>RSI Value: 21.92</li>
<li>MEI Price Action: Shares of Methode Electronics fell 9.3% to close at $34.04 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/06/32966304/1-5m-bet-on-this-consumer-defensive-stock-check-out-these-4-penny-stocks-insiders-are-ag"> $1.5M Bet On This Consumer Defensive Stock? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying </a>

Top 5 Tech Stocks You'll Regret Missing In Q2

<h3>Gainers</h3>
<ul>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares increased by 84.0% to $19.22 during Wednesday's regular session. Trading volume for this security as of 13:31 EST is 1.8 million, which is 3656.7% of its average full-day volume over the last 100 days. The company's market cap stands at $173.0 million. </li>
<li>WeTrade Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETG#NASDAQ">WETG</a>) shares increased by 76.18% to $14.87. As of 13:31 EST, this security is trading at a volume of 13.9 million shares, making up 13615.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $15.6 million. </li>
<li>Cyxtera Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYXT#NASDAQ">CYXT</a>) stock increased by 66.74% to $0.07. Trading volume for Cyxtera Technologies's stock is 331.4 million as of 13:31 EST. This is 6031.8% of its average full-day volume over the last 100 days. The company's market cap stands at $12.5 million. </li>
<li>Greenidge Generation Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) shares rose 44.55% to $2.3. Trading volume for this security as of 13:31 EST is 21.9 million, which is 17005.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $13.7 million. </li>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) stock moved upwards by 26.41% to $1.63. WiSA Technologies's stock is trading at a volume of 29.0 million shares as of 13:31 EST. This is 1282.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $8.6 million. </li>
<li>Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) shares rose 17.67% to $50.39. Trading volume for this security as of 13:31 EST is 10.6 million, which is 550.2% of its average full-day volume over the last 100 days. The company's market cap stands at $7.0 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Advanced Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHI#NASDAQ">AHI</a>) shares fell 37.4% to $0.94 during Wednesday's regular session. Advanced Health's stock is trading at a volume of 6.9 million shares as of 13:31 EST. This is 204.7% of its average full-day volume over the last 100 days. The company's market cap stands at $26.3 million. </li>
<li>Microvision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>) shares decreased by 27.4% to $4.62. Microvision's stock is trading at a volume of 15.0 million shares as of 13:31 EST. This is 333.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $816.4 million. </li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) stock fell 16.67% to $0.52. The current volume of 2.3 million shares is 65.5% of Auddia's average full-day volume over the last 100 days (last updated at 13:31 EST). The market value of their outstanding shares is at $7.7 million. </li>
<li>Coda Octopus Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODA#NASDAQ">CODA</a>) shares fell 13.66% to $8.54. The current volume of 97.7K shares is 299.0% of Coda Octopus Group's average full-day volume over the last 100 days (last updated at 13:31 EST). The company's market cap stands at $94.1 million. As per the press release, Q2 earnings came out today. </li>
<li>Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) stock decreased by 13.49% to $3.72. As of 13:31 EST, this security is trading at a volume of 687.6K shares, making up 548.1% of its average full-day volume over the last 100 days. The company's market cap stands at $96.4 million. </li>
<li>Tingo Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIO#NASDAQ">TIO</a>) stock declined by 12.7% to $1.14. The current volume of 8.7 million shares is 124.1% of Tingo Group's average full-day volume over the last 100 days (last updated at 13:31 EST). The company's market cap stands at $186.1 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

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WETG

WISA

12 Information Technology Stocks Moving In Wednesday's Intraday Session

<h1>&nbsp;</h1>
On Wednesday, 33 stocks hit new 52-week lows.
<h2>Interesting Facts About Today&#39;s 52-Week Lows:</h2>
<ul>
<li>The largest company by market cap to set a new 52-week low was UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>).</li>
<li>Biocept (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOC#NASDAQ">BIOC</a>) was the smallest, in terms of market cap, to set a new 52-week low.</li>
<li>Tenon Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNON#NASDAQ">TNON</a>) shares traded down 51.96% to reach its 52-week low, making it the biggest loser.</li>
<li>Camber Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CEI#AMEX">CEI</a>) shares actually gained 0.16%, rebounding after it reached its 52-week low.</li>
</ul>
The stocks that set new 52-week lows on Wednesday:
<ul>
<li>UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) stock dropped to a yearly low on Wednesday of $445.83. Shares traded down 7.25%.</li>
<li>Atlantica Sustainable (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AY#NASDAQ">AY</a>) stock drifted down 1.08% on Wednesday morning to hit a new 52-week low of $23.70.</li>
<li>Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) stock set a new 52-week low of $5.21 on Wednesday, moving down 7.19%.</li>
<li>PolyMet Mining (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PLM#AMEX">PLM</a>) shares hit a yearly low of $0.82. The stock was up 0.22% on the session.</li>
<li>Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) stock drifted down 13.84% on Wednesday morning to hit a new 52-week low of $3.68.</li>
<li>Precision BioSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTIL#NASDAQ">DTIL</a>) shares hit a yearly low of $0.66. The stock was down 3.52% on the session.</li>
<li>Mullen Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) shares made a new 52-week low of $0.27 on Wednesday. The stock was down 12.88% for the day.</li>
<li>FLJ Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLJ#NASDAQ">FLJ</a>) shares hit a yearly low of $0.28. The stock was down 13.73% on the session.</li>
<li>Great Elm Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GECC#NASDAQ">GECC</a>) shares made a new 52-week low of $7.55 on Wednesday. The stock was down 3.5% for the day.</li>
<li>Passage Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PASG#NASDAQ">PASG</a>) shares set a new 52-week low of $0.93. The stock traded down 0.75%.</li>
<li>IO Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOBT#NASDAQ">IOBT</a>) shares hit a yearly low of $1.58. The stock was down 19.66% on the session.</li>
<li>Upexi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPXI#NASDAQ">UPXI</a>) shares set a new yearly low of $2.04 this morning. The stock was down 6.74% on the session.</li>
<li>Trio Petroleum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TPET#AMEX">TPET</a>) stock hit $1.30 on Wednesday morning, setting a new 52-week low for a change of down 2.96%.</li>
<li>Akumin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKU#NASDAQ">AKU</a>) shares reached a new 52-week low of $0.33 on Wednesday morning, moving up 2.19%.</li>
<li>Castellum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) shares fell to $0.56 on Wednesday, setting a new 52-week low with a shift of down 4.72%.</li>
<li>Camber Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CEI#AMEX">CEI</a>) stock hit a new 52-week low of $1.00. The stock was up 0.16% on the session.</li>
<li>iClick Interactive Asia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLK#NASDAQ">ICLK</a>) stock hit $2.05 on Wednesday morning, setting a new 52-week low for a change of down 4.66%.</li>
<li>Cineverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNVS#NASDAQ">CNVS</a>) stock hit $2.20 on Wednesday morning, setting a new 52-week low for a change of down 35.53%.</li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares fell to $0.62 on Wednesday, setting a new 52-week low with a shift of down 17.84%.</li>
<li>Bluejay Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) stock hit a yearly low of $0.19. The stock was down 4.55% for the day.</li>
<li>OceanPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OP#NASDAQ">OP</a>) shares reached a new 52-week low of $2.53 on Wednesday morning, moving down 7.66%.</li>
<li>TC BioPharm (Holdings) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBP#NASDAQ">TCBP</a>) shares set a new yearly low of $0.59 this morning. The stock was up 1.37% on the session.</li>
<li>INVO Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVO#NASDAQ">INVO</a>) stock hit a yearly low of $0.15. The stock was down 5.27% for the day.</li>
<li>Biocept (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOC#NASDAQ">BIOC</a>) stock set a new 52-week low of $1.64 on Wednesday, moving down 2.58%.</li>
</ul>
Be sure to stay with Benzinga for further updates and market-moving news. And if you want to be among the first to know about the 52-week highs and lows for the day, check out Benzinga Pro. Users receive a daily alert listing stocks trading near 52-week highs and lows each morning. <a href="https://pro.benzinga.com/?afmc=2a&amp;utm_source=benzinga.com&amp;utm_medium=web&amp;utm_campaign=premium_products">Click here to learn more</a>.

Options

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BJDX

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ICLK

INVO

IOBT

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PASG

TCBP

TNON

TPET

UPXI

Stocks That Hit 52-Week Lows On Wednesday

Upgrades

Downgrades

Initiation

Intraday Update

Analyst Ratings

ACLS

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AFRM

AMAM

AMAT

AXTA

BLDP

BRAG

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CTLT

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DECK

EPRT

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Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

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Benzinga's Top Ratings Upgrades, Downgrades For June 14, 2023

Benchmark analyst Mark Miller downgrades Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) from Buy to Hold.

Benchmark Downgrades Intevac to Hold

<h3>Gainers</h3>
<ul>
<li>WeTrade Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETG#NASDAQ">WETG</a>) stock moved upwards by 69.8% to $14.33 during Wednesday's pre-market session. The market value of their outstanding shares is at $15.1 million. </li>
<li>Cyxtera Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYXT#NASDAQ">CYXT</a>) shares rose 60.28% to $0.07. The company's market cap stands at $12.0 million. </li>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) shares increased by 12.86% to $32.28. The company's market cap stands at $1.6 billion. </li>
<li>Alpine 4 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALPP#NASDAQ">ALPP</a>) stock moved upwards by 8.2% to $2.9. The market value of their outstanding shares is at $72.3 million. </li>
<li>ComSovereign Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMS#NASDAQ">COMS</a>) shares rose 7.1% to $1.96. The market value of their outstanding shares is at $5.2 million. </li>
<li>Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) shares increased by 6.6% to $45.65. The market value of their outstanding shares is at $6.3 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Advanced Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHI#NASDAQ">AHI</a>) stock decreased by 26.0% to $1.11 during Wednesday's pre-market session. The market value of their outstanding shares is at $31.0 million. </li>
<li>Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) shares decreased by 16.28% to $3.6. The market value of their outstanding shares is at $93.3 million. </li>
<li>Coda Octopus Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODA#NASDAQ">CODA</a>) shares declined by 12.04% to $8.7. The market value of their outstanding shares is at $95.8 million. The company's, Q2 earnings came out today. </li>
<li>Iteris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITI#NASDAQ">ITI</a>) stock fell 10.45% to $4.2. The company's market cap stands at $179.6 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) shares declined by 9.97% to $0.56. The market value of their outstanding shares is at $8.3 million. </li>
<li>Microvision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>) stock fell 9.9% to $5.74. The market value of their outstanding shares is at $1.0 billion. 
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.

ALPP

COMS

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

Company Reaffirms Year-End Cash Outlook and Increases 2023 Revenue Outlook
Intevac, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>), a leading supplier of thin-film processing systems, announced today that the Company has retained investment banking firm Houlihan Lokey Capital, Inc. ("Houlihan Lokey") to advise management and the board of directors on strategic alternatives. Additionally, the board has formed a strategic committee comprised of independent directors David Dury and Kevin Barber to work with management and Houlihan Lokey in evaluating options to increase stockholder value.
"The ongoing challenges within the hard disk drive (HDD) industry resulted in the unprecedented cancellation of $54 million in 200 Lean&#xAE; system orders late last month," commented Nigel Hunton, president and chief executive officer. "In our nearly 20 years of supplying these industry-leading media processing tools, this is the very first time one of our customers has elected to cancel an order. Our purchase order terms with this customer include very specific contractual protections related to our working capital exposure, and these include not only advanced deposits to fund the receipt of long-lead-time materials, but all inventory related to these systems. As we discussed on our Q1 earnings call, we previously made commitments to our suppliers that are resulting in continued material receipts for HDD systems year-to-date. These material receipts will continue through the second quarter, which will further increase our HDD inventory levels from Q1 levels, and therefore will have a temporarily negative impact on cash at the end of Q2, yet it is critical to communicate that any material receipts not already funded by advanced deposits will be funded by our customer, and not by Intevac."
Given that Intevac expects to have no exposure to inventory risk related to these cancelled systems, today the Company has reaffirmed its prior outlook reported on the Company's earnings call held on May 3, 2023 that the expected balance of cash, restricted cash, and investments at its fiscal 2023 year-end will be in the range of $75 to $80 million. Furthermore, today the Company is providing updated guidance for full-year 2023 revenue, which is now expected to be in the range of $43 to $48 million, and is expected to be comprised of one 200 Lean system, HDD service, and HAMR upgrades. This revised revenue outlook for fiscal 2023 does not include any customer payments for inventory, as the accounting treatment will require these payments to be recorded as pass-through revenue.

Guidance

Intevac Announces Appointment Of Houlihan Lokey To Evaluate Strategic Options; Company Reaffirms Year-End Cash Outlook And Increases 2023 Revenue Outlook To $43M-$48M Vs $37.29M Est.

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Tingo Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tio#NASDAQ">TIO</a>)</h3>
<ul>
<li>A short report from Hindenburg Research recently hit Tingo Group, calling it an &quot;exceptionally obvious scam&quot; with alleged falsified financials. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/TIO">52-week low of $0.5430 </a>.</li>
<li>RSI Value: 28.79</li>
<li>TIO Price Action: Shares of Tingo Group fell 18.3% to close at $0.9640 on Monday.</li>
</ul>
<h3>Semantix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stix#NASDAQ">STIX</a>)</h3>
<ul>
<li>Semantix clocked a 1% year-over-year revenue growth in the first quarter to R$40 million. It <a href="https://www.benzinga.com/quote/STIX"> has a 52-week low </a> of $0.5510.</li>
<li>RSI Value: 29.94</li>
<li>STIX Price Action: Shares of Semantix fell 5.5% to close at $2.08 on Monday.</li>
<li>SecureWorks Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scwx#NASDAQ">SCWX</a>)</li>
<li>SecureWorks reported worse-than-expected first-quarter financial results and issued second-quarter guidance below estimates. &quot;I&#39;m proud of our competitive advantage in the Managed XDR market. Our holistic approach, combined with our open XDR strategy, drives better security outcomes for customers, as reflected in the continued strong momentum in Taegis this quarter,&quot; said Wendy Thomas, CEO, Secureworks. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/SCWX"> low of $5.28.</a></li>
<li>
RSI Value: 23.03
</li>
<li>SCWX Price Action: Shares of SecureWorks fell 4.1% to close at $6.59 on Monday.</li>
</ul>
<h3>PagerDuty, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pd#NYSE">PD</a>)</h3>
<ul>
<li>PagerDuty issued weak revenue guidance. &quot;PagerDuty demonstrated balanced growth in Q1 with solid revenue growth of 21% and record 16% non-GAAP operating margin&mdash;up 1,800 basis points with 20% free cash flow margin,&quot; said Jennifer Tejada, Chairperson and CEO, PagerDuty. The company&rsquo;s 52-week low is $19.51</li>
<li>RSI Value: 26.91</li>
<li>PD Price Action: Shares of PagerDuty rose 0.5% to close at $22.20 on Monday.</li>
</ul>
<h3>Intevac, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ivac#NASDAQ">IVAC</a>)</h3>
<ul>
<li>Intevac posted a narrower-than-expected quarterly loss. &quot;We are pleased to deliver Q1 revenues at the upper end of our expectations, which is demonstrative of our strong partnerships with our hard disk drive (HDD) customers as we continue to enable the successful migrations of their technology roadmaps,&quot; commented Nigel Hunton, president and chief executive officer. The company <a href="https://www.benzinga.com/quote/IVAC"> has a 52-week low </a> of $4.25.</li>
<li>RSI Value: 28.00</li>
<li>IVAC Price Action: Shares of Intevac rose 0.7% to close at $4.33 on Monday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/06/32829517/markets-turn-more-bullish-ahead-of-inflation-data-feds-rate-decision"> Markets Turn More Bullish Ahead Of Inflation Data, Fed&#39;s Rate Decision </a>

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Ubiquiti Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ui#NYSE">UI</a>)</h3>
<ul>
<li>Ubiquiti Increcently announced its financial results for the third quarter fiscal 2023, ended March 31, 2023.. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/UI">52-week low of $160.49 </a>.</li>
<li>RSI Value: 19.11</li>
<li>UI Price Action: Shares of Ubiquiti gained 0.1% to close at $164.96 on Tuesday.</li>
</ul>
<h3>Castellum, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctm#NYSE">CTM</a>)</h3>
<ul>
<li>EF Hutton maintained Castellum with a Buy and raised the price target from $1.2 to $1.4. The company&rsquo;s <a href="https://www.benzinga.com/quote/CTM"> stock has a 52-week low </a> of $0.62.</li>
<li>RSI Value: 24.21</li>
<li>CTM Price Action: Shares of Castellum fell 0.2% to close at $0.6838 on Tuesday.</li>
</ul>
<h3>Intevac, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ivac#NASDAQ">IVAC</a>)</h3>
<ul>
<li>Intevac posted a narrower-than-expected quarterly loss. &quot;We are pleased to deliver Q1 revenues at the upper end of our expectations, which is demonstrative of our strong partnerships with our hard disk drive (HDD) customers as we continue to enable the successful migrations of their technology roadmaps,&quot; said Nigel Hunton, president and chief executive officer. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/IVAC"> low of $4.29.</a></li>
<li>RSI Value: 29.79</li>
<li>IVAC Price Action: Shares of Intevac fell 0.2% to close at $4.95 on Tuesday.</li>
</ul>
<h3>Envestnet, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/env#NYSE">ENV</a>)</h3>
<ul>
<li>Envestnet reported mixed first-quarter financial results and issued second-quarter guidance below estimates and FY23 revenue guidance below estimates. &quot;Envestnet is paving the way for the future of advice- providing more services and solutions through integrated technology, data and digital tools. This is the growth strategy for Envestnet and the industry. We are thriving in the unparalleled change and embracing innovation all while modernizing our breadth of offering,&quot; said Bill Crager, Chief Executive Officer. The company&rsquo;s 52-week low is $41.72.</li>
<li>RSI Value: 26.11</li>
<li>ENV Price Action: Shares of Envestnet fell 1% to close at $52.13 on Tuesday.</li>
</ul>
<h3>GDS Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gds#NASDAQ">GDS</a>)</h3>
<ul>
<li>GDS Holdings reported first-quarter FY23 net revenue growth of 7.4% year-on-year to $350.77 million, missing the consensus of $351.20 million. &quot;For our mainland China business, we continue to prioritize faster backlog delivery and, at the same time, to win the new business which is strategic to us and has accelerated move-in schedule,&quot; said William Huang, Chair and CEO. The company <a href="https://www.benzinga.com/quote/GDS"> has a 52-week low </a> of $8.41.</li>
<li>RSI Value: 26.71</li>
<li>GDS Price Action: Shares of GDS Holdings fell 1.5% to close at $10.00 on Tuesday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/23/05/32640978/investor-optimism-declines-after-dow-settles-lower"> </a><a href="https://www.benzinga.com/news/earnings/23/05/32640978/investor-optimism-declines-after-dow-settles-lower">Investor Optimism Declines After Dow Settles Lower</a>

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Finding untapped potential is like finding gold. Three organizations in the information technology maze stand out as silent giants with immense potential. These companies have tremendous development and innovation potential, offering investors tempting chances for significant gains.



The first one shows that it can take advantage of growing consumer credit needs. It has record-breaking network volume and&nbsp;smart&nbsp;entry into the point-of-sale (POS) sector. Meanwhile, the second one has sharply increased new orders, particularly&nbsp;its innovative HAMR technology. This indicates that the market is beginning to recognize it as a&nbsp;major&nbsp;player in the data storage industry. Finally, the third is notable for its technological mastery in artificial intelligence (AI)-driven analytics. It allows cloud migration to be done&nbsp;easily&nbsp;and meets the growing demand for insights based on data.



Overall, suppose one has a sharp eye and strategic insight. In that case, one may be positioned to ride the wave of growth driven by the first&rsquo;s network proficiency, the second&rsquo;s technical advances, and the third&rsquo;s advancements in analytics technology. These firms may be positioned to rule the market due to their strong fundamentals.



<h2>Pagaya (PGY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/payments-300x169.jpg" alt="a person holding a smartphone over a check out scanner representing payments stocks to buy"><div>Source: Shutterstock</div></div>In Q1 2024, Pagaya (NASDAQ:<a href="https://investorplace.com/stock-quotes/pgy-stock-quote/">PGY</a>) generated a record network volume of&nbsp;<a href="https://investor.pagaya.com/static-files/3bf7561a-6a5f-4836-8187-ccf23bc57215" target="_blank">$2.42 billion</a>, surpassing estimates of $2.2 billion to $2.4 billion, a substantial 31% year-over-year (YOY) increase. This remarkable rise shows Pagaya can attract more customers and quickly increase its market share. Indeed, there is substantial demand for Pagaya&rsquo;s products, leading to the realization of growth possibilities in the US consumer credit sector.&nbsp;&nbsp;



Additionally, to grow its point-of-sale (POS) business, Pagaya&nbsp;<a href="https://finance.yahoo.com/news/teradata-corporation-nyse-tdc-q1-152510064.html" target="_blank">partnered with a bank</a>. In the second half of 2024, the network will come online and the company will expand into new markets. This growth represents Pagaya&rsquo;s effective entry into one of the U.S. consumer credit markets with the quickest growth rate. In Q1 2024, Pagaya recorded record total revenue and other income of $245 million, exceeding expectations of&nbsp;<a href="https://investor.pagaya.com/static-files/3bf7561a-6a5f-4836-8187-ccf23bc57215" target="_blank">$225 million to $240 million</a>.



Finally, the company posted massive 31% YoY network volume growth. The solid 35% rise in income from fees was the main driver of the revenue growth. To sum up, this demonstrates the efficacy of Pagaya&rsquo;s monetization tactics.



<h2>Intevac (IVAC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/computerchip1600-300x169.jpg" alt="a computer chip. Chip Stocks to Buy Now"><div>Source: Shutterstock</div></div>In Q1 2024, Intevac (NASDAQ:<a href="https://investorplace.com/stock-quotes/ivac-stock-quote/">IVAC</a>) received more than&nbsp;<a href="https://ir.intevac.com/websites/intevac/English/1120/us-press-release.html?airportNewsID=7190724e-bf43-4de7-ac81-aa181ba8d2a8" target="_blank">$20 million in new orders</a>. Hard disk drive (HDD) media technology updates are the primary source of income for Intevac, as this is a stable and expanding industry. Leading data storage firms have placed early orders for the company&rsquo;s heat-assisted magnetic recording (HAMR) technology improvements, demonstrating the market&rsquo;s approval and adoption of their technology. HAMR improves media&rsquo;s writability by focusing heat energy to assist grain reversal.



Additionally, after reaching a payment terms agreement with its biggest client, Intevac maintained its strong delivery and installation of&nbsp;<a href="https://finance.yahoo.com/news/intevac-inc-nasdaq-ivac-q1-141056873.html" target="_blank">HAMR upgrades</a>. When the joint development agreement (JDA) for Intevac&rsquo;s automated coating platform TRIO was resolved, Intevac became engaged directly with major OEMs and their suppliers. Indeed, this led to&nbsp;easier&nbsp;direct shipments and increased market reach. An Asian display cover glass finishing plant received the first TRIO system. The TRIO platform&rsquo;s&nbsp;solid&nbsp;customer base suggests market demand and revenue development potential.&nbsp;



Lastly, for 2024, Intevac anticipates overall sales in the&nbsp;<a target="_blank" href="https://ir.intevac.com/websites/intevac/English/1120/us-press-release.html?airportNewsID=7190724e-bf43-4de7-ac81-aa181ba8d2a8">low $50 million range.</a>&nbsp;TRIO may generate sales beyond $10 million, supporting further expansion. Thanks to continuous technological advancements, sales of HDDs are close to $40 million. This is highly progressive.



<h2>Teradata (TDC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/ai-stocks1600-5-300x169.png" alt="Conceptual background of artificial intelligence, humans and cyber-business on programming technology element, 3D illustration. Next trillion-dollar companies. top AI stocks billionaires buy"><div>Source: whiteMocca / Shutterstock.com</div></div>The technology delivered by Teradata (NYSE:<a href="https://investorplace.com/stock-quotes/tdc-stock-quote/">TDC</a>) may rapidly meet the expanding demand for<a href="https://s23.q4cdn.com/501457330/files/doc_financials/2024/q1/Q1-2024-Earnings-Presentation.pdf" target="_blank">&nbsp;large-scale AI-driven analytics</a>. The company&rsquo;s design demonstrates that migration to the cloud can&nbsp;be done&nbsp;easily, as demonstrated by happy customer experiences. Teradata&rsquo;s innovations, such as AI Unlimited and VantageCloud, show how dedicated the company is to giving clients access to cutting-edge solutions. Moreover, Teradata&rsquo;s lead in technology highlights its capacity to adapt to changing market demands, especially in AI and analytics.&nbsp;



Further, Teradata focuses on enhancing execution and promoting profitable growth despite a slight drop in total annual recurring revenue (ARR). With a non-GAAP&nbsp;<a href="https://investor.teradata.com/financial-reports/quarterly-results/default.aspx" target="_blank">EPS of 57 cents</a>, the company&rsquo;s performance was within its quarterly range. Teradata offers a projection for 2024 that maintains current growth ranges for recurring revenue and total ARR while projecting a reacceleration of growth in cloud ARR and total ARR over the year.



Finally, Teradata demonstrates resilience and strategic planning&nbsp;through its capacity to remain profitable and offer assistance in the face of market adversities. The firm is dedicated to its long-term growth goals, which include&nbsp;<a href="https://seekingalpha.com/article/4689915-teradata-corporation-tdc-q1-2024-earnings-call-transcript" target="_blank">reaching $1 billion</a>&nbsp;in cloud ARR by 2025, despite short-term changes.&nbsp;



On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
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Intevac (NASDAQ:<a href="https://investorplace.com/stock-quotes/ivac-stock-quote/">IVAC</a>) just reported results for the second quarter of 2024.<ul><li>Intevac reported earnings per share of -12 cents. This was above the analyst estimate for EPS of -20 cents.</li><li>The company reported revenue of $14.53 million.</li><li>This was 75.01% better than the analyst estimate for revenue of $8.30 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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Press Releases

Intevac to Announce Fourth Quarter and Fiscal Year 2023 Results on February 5th

Intevac Announces Fourth Quarter and Full Year 2023 Financial Results

Intevac to Announce First Quarter 2024 Results on April 29th

Intevac Announces Earlier Release Date of Thursday, April 25th for First Quarter 2024 Results

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