Sequans Communications Stock (NYSE: SQNS)

Latest news for Sequans Communications (NYSE:SQNS) Stock

Sequans Communications

Sequans Communications SA is a designer, developer, and supplier of cellular semiconductor solutions for broadband Internet of Things (IoT) markets. Its solutions incorporate baseband processor and radio frequency, transceiver integrated circuits, along with its proprietary signal processing techniques, algorithms, and software stacks. The company's solutions serve as the core wireless broadband communications platform in devices, including smartphones, USB dongles, portable routers, laptops, netbooks, tablets, and other consumer multimedia and industrial devices. Its geographical segments are Taiwan, Korea, China (including Hong Kong), the Rest of Asia, the United States and the Rest of the world.

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Sequans Communications S.A. American Depositary Shares

Sequans Communications SA

Roth MKM analyst Scott Searle maintains Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) with a Buy and maintains $3 price target.

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Roth MKM Maintains Buy on Sequans Communications, Maintains $3 Price Target

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining over 1% on Friday.
The Dow traded up 0.89% to 41,073.20 while the NASDAQ rose 1.22% to 17,835.11. The S&amp;P 500 also rose, gaining, 0.90% to 5,621.03.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40526660/jim-cramer-praises-l3harris-technologies-says-intel-is-getting-whacked-by-amd-i-much-pre"> Jim Cramer Praises L3Harris Technologies, Says Intel Is &#8216;Getting Whacked&#8217; By AMD: &#8216;I Much Prefer&#8230;&#8217;</a>
Leading and Lagging Sectors Real estate shares climbed by 1.9% on Friday.
In trading on Friday, consumer staples shares fell by 0.1%.
Top Headline
The total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc reported
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares shot up 115% to $1.1590 after the company reported a year-over-year increase in preliminary second-quarter revenue results.</li>
<li>Shares of CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) got a boost, surging 21% to $123.08 as the company reported better-than-expected second-quarter financial results on Thursday.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares were also up, gaining 13% to $260.14 as the company upbeat earnings for the second quarter.</li>
</ul>
Equities Trading DOWN
<ul>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) shares dropped 10% to $2.3450 after Benchmark downgraded the stock from Buy to Hold.</li>
<li>Shares of Farmmi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAMI#NASDAQ">FAMI</a>) were down 57% to $0.2454 after the company announced the pricing of $1 million registered direct offering.</li>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) was down, falling 8% to $4.3516 as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
</ul>
Commodities In commodity news, oil traded up 2.7% to $74.95 while gold traded up 1.2% at $2,546.00.
Silver traded up 2.8% to $29.845 on Friday, while copper rose 1.5% to $4.2085.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 gained 0.46%, Germany's DAX rose 0.76% and France's CAC 40 gained 0.70%. Spain's IBEX 35 Index rose 1.09%, while London's FTSE 100 rose 0.48%.
Median expectations for inflation over the next 12 months for the Eurozone came in unchanged at 2.8% for the third month in a row. The manufacturing climate indicator in France climbed to 98.8 in August from 95.4 in July.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 gaining 0.40%, Hong Kong's Hang Seng Index falling 0.16%, China's Shanghai Composite Index rising 0.20% and India's BSE Sensex rising 0.04%.
The annual inflation rate in Japan came in at 2.8% in July, holding steady for the third month in a row.
Economics
<ul>
<li>U.S. building permits declined by 3.3% to an annual rate of 1.406 million in July.</li>
<li>Sales of new single-family houses in the U.S. jumped by 10.6% from the prior month to a rate of 739 thousand homes in July.</li>
<li>The total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc reported.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/08/40526663/top-2-risk-off-stocks-that-may-crash-in-q3"> </a>
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</ul>

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 150 points on Friday.
The Dow traded up 0.63% to 40,969.43 while the NASDAQ rose 0.84% to 17,767.15. The S&amp;P 500 also rose, gaining, 0.60% to 5,603.85.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40526660/jim-cramer-praises-l3harris-technologies-says-intel-is-getting-whacked-by-amd-i-much-pre">Jim Cramer Praises L3Harris Technologies, Says Intel Is &#8216;Getting Whacked&#8217; By AMD: &#8216;I Much Prefer&#8230;&#8217;</a> 
Leading and Lagging Sectors Information technology shares climbed by 2.1% on Friday.
In trading on Friday, consumer staples shares rose by just 0.1%.
Top Headline
On Thursday, Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) reported better-than-expected results for its fourth quarter and issued strong FY25 EPS guidance.
Also, the company approved a new $3 billion repurchase authorization.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares shot up 130% to $1.2602 after the company reported a year-over-year increase in preliminary second-quarter revenue results.</li>
<li>Shares of CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) got a boost, surging 17% to $119.25 as the company reported better-than-expected second-quarter financial results on Thursday.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares were also up, gaining 11% to $256.99 as the company upbeat earnings for the second quarter.</li>
</ul>
Equities Trading DOWN
<ul>
<li>ZKH Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NASDAQ">ZKH</a>) shares dropped 11% to $3.40. ZKH Group recently reported worse-than-expected second-quarter sales results.</li>
<li>Shares of Farmmi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAMI#NASDAQ">FAMI</a>) were down 59% to $0.2381 after the company announced the pricing of $1 million registered direct offering.</li>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) was down, falling 9% to $4.3150 as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
</ul>
Commodities In commodity news, oil traded up 2.1% to $74.55 while gold traded up 1.4% at $2,553.00.
Silver traded up 2.6% to $29.805 on Friday, while copper rose 1.2% to $4.1985.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.39%, Germany's DAX rose 0.75% and France's CAC 40 gained 0.58%. Spain's IBEX 35 Index rose 0.81%, while London's FTSE 100 rose 0.29%.
Median expectations for inflation over the next 12 months for the Eurozone came in unchanged at 2.8% for the third month in a row. The manufacturing climate indicator in France climbed to 98.8 in August from 95.4 in July.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 gaining 0.40%, Hong Kong's Hang Seng Index falling 0.16%, China's Shanghai Composite Index rising 0.20% and India's BSE Sensex rising 0.04%.
The annual inflation rate in Japan came in at 2.8% in July, holding steady for the third month in a row.
Economics
<ul>
<li>U.S. building permits declined by 3.3% to an annual rate of 1.406 million in July.</li>
<li>Sales of new single-family houses in the U.S. jumped by 10.6% from the prior month to a rate of 739 thousand homes in July.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/24/08/40526663/top-2-risk-off-stocks-that-may-crash-in-q3">Top 2 Risk Off Stocks That May Crash In Q3</a></li>
</ul>

U.S. stocks traded higher this morning, with the Dow Jones gaining around 200 points on Friday.
The Dow traded up 0.50% to 40,916.65 while the NASDAQ rose 0.92% to 17,780.96. The S&amp;P 500 also rose, gaining, 0.66% to 5,607.44.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40526660/jim-cramer-praises-l3harris-technologies-says-intel-is-getting-whacked-by-amd-i-much-pre">Jim Cramer Praises L3Harris Technologies, Says Intel Is &#8216;Getting Whacked&#8217; By AMD: &#8216;I Much Prefer&#8230;&#8217;</a> 
Leading and Lagging Sectors Information technology shares climbed by 1.1% on Friday.
In trading on Friday, consumer staples shares rose by just 0.1%.
Top Headline
Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) posted stronger-than-expected earnings for its second quarter, after the closing bell on Thursday.
The company said it sees third-quarter earnings of between $1.35 and $1.41 per share, versus the $1.38 per share estimate, and earnings of between $1.60 and $1.67 per share for the fourth quarter.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares shot up 155% to $1.3899 after the company reported a year-over-year increase in preliminary second-quarter revenue results.</li>
<li>Shares of Portage Biotech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) got a boost, surging 154% to $6.87.</li>
<li>Momentus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares were also up, gaining 63% to $0.9280.</li>
</ul>
Equities Trading DOWN
<ul>
<li>U-BX Technology Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBXG#NASDAQ">UBXG</a>) shares dropped 78% to $6.87. Traders may be responding to unconfirmed comments on social media apps amid ongoing heavy option activity.</li>
<li>Shares of Farmmi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAMI#NASDAQ">FAMI</a>) were down 64% to $0.2098 after the company announced the pricing of $1 million registered direct offering.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) was down, falling 25% to $0.1180. SRIVARU recently announced the formal launch of the PRANA 2.0 electric motorcycle at a major event in Chennai, India.</li>
</ul>
Commodities In commodity news, oil traded up 1.8% to $74.30 while gold traded up 0.7% at $2,535.20.
Silver traded up 0.8% to $29.275 on Friday, while copper rose 0.4% to $4.1635.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.2%, Germany's DAX rose 0.5% and France's CAC 40 gained 0.4%. Spain's IBEX 35 Index rose 0.5%, while London's FTSE 100 rose 0.3%.
Median expectations for inflation over the next 12 months for the Eurozone came in unchanged at 2.8% for the third month in a row. The manufacturing climate indicator in France climbed to 98.8 in August from 95.4 in July.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 gaining 0.40%, Hong Kong's Hang Seng Index falling 0.16%, China's Shanghai Composite Index rising 0.20% and India's BSE Sensex rising 0.04%.
The annual inflation rate in Japan came in at 2.8% in July, holding steady for the third month in a row.
Economics
U.S. building permits declined by 3.3% to an annual rate of 1.406 million in July.
Now Read This:
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<li> <a href="https://www.benzinga.com/news/24/08/40526663/top-2-risk-off-stocks-that-may-crash-in-q3">Top 2 Risk Off Stocks That May Crash In Q3</a></li>
</ul>

Sequans Communications Shares Resume Trade

Sequans Communications Shares Halted To The Downside; Stock Now Up 172.46%

SQNS: 233% &#x7C; <a href="https://www.benzinga.com//node/40523981">Sequans Agrees To Sell Its 4G IoT Technology For $200M To Qualcomm While Retaining License For Ongoing Use And Development, and reports strong Q2 earnings.</a>
&nbsp;
WDAY: 15% &#x7C; <a href="https://www.benzinga.com//node/40525322">Workday shares are trading higher after the company reported better-than-expected Q2 financial results and approved a new buyback program to repurchase up to an additional $1.0 billion of shares of its Class A common stock. Also, multiple firms raised their respective price targets on the stock.</a>
&nbsp;
SYTA: 83% &#x7C; <a href="https://www.benzinga.com//node/40525882">Siyata Mobile shares are trading higher after the company announced it expanded its presence in the mining industry with an initial order for its SD7 handsets and related accessories.</a>

Movers

SYTA

Market-Moving News for August 23rd

Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> skyrocketing on Friday.</a>
The company entered&nbsp;into a definitive agreement&nbsp;with QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) to sell its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/40523809/qualcomm-and-sequans-reach-agreement-on-sale-of-4g-iot-technology" rel="noreferrer noopener">4G IoT technologies for $200 million.</a>
The acquisition by QUALCOMM includes certain employees, assets, and licenses. The transaction is subject to customary closing conditions, including French regulatory approval.
With the latest development, Sequans will retain the license for its 4G IoT technology, enabling it to continue serving its IoT markets with a strengthened balance sheet, while maintaining full ownership of its 5G technology.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40507457/palantir-snags-former-gop-leader-mike-gallagher-as-defense-chief-sparking-new-debate-over-us-tec" rel="noreferrer noopener">Palantir Snags Former GOP Leader Mike Gallagher As Defense Chief, Sparking New Debate Over US Tech Security: Report</a>
&#8220;We are dedicated to pushing the boundaries of innovation and providing cutting-edge 4G/5G semiconductor solutions that meet the advancing needs of AI-powered Internet of Things applications,&#8221; said Georges Karam, CEO of Sequans.
This transaction will not affect Sequans&#8217; existing contractual obligations or operations with customers, suppliers, and industry partners. It is expected to close by the end of October 2024.
Qualcomm has strengthened its Industrial IoT portfolio by offering low-power solutions that provide reliable and optimized cellular connectivity for IoT applications, further expanding and accelerating its role in digital transformation at the edge.
&#8220;Digital transformation is being driven by high-performance processing and intelligence at the edge, positioning Qualcomm for growth in one of the largest addressable opportunities,&#8221; said Nakul Duggal, group general manager, automotive, industrial and embedded IoT, and cloud computing, Qualcomm Technologies.
Under the agreement with Qualcomm, Sequans will receive $185 million in cash: $175 million will be paid at closing, with up to an additional $10 million to follow after a one-year warranty period.
Additionally, $15 million of this amount was already paid under a pre-transaction manufacturing license agreement executed in June 2024 and will be credited toward the total $200 million purchase price.
In addition, Sequans reported preliminary second-quarter results with revenues totaling $9.7 million, <a href="https://www.benzinga.com/pressreleases/24/08/40523947/sequans-communications-preliminary-second-quarter-2024-financial-results" target="_blank" rel="noreferrer noopener">an increase from $9.2 million year-over-year</a>. The non-IFRS diluted loss per ADS was $0.09, compared to a $0.10 loss in the previous year. Cash and equivalents as of June-end totaled $13.1 million compared to $0.5 million as of March-end.
&#8220;As the allocation of the purchase price of the pending Qualcomm transaction will not be finalized until the 4th&nbsp;quarter, we are not able to provide the expected impact of this deal on our licensing and services results for the second half of this year. Focusing on product revenue, we anticipate a modest increase in the&nbsp;third quarter&nbsp;compared to&nbsp;Q2&nbsp;and a further stronger performance in the&nbsp;fourth quarter&nbsp;of 2024,&#8221; Sequans added.
Overall, due to the anticipated increase in products moving into mass production over the coming quarters, the company expects higher product revenue for the full year of 2025 compared to 2024.
Price Action: SQNS shares are trading higher by 157% to $1.40 premarket at last check Friday.
Photo via Shutterstock
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General

QCOM

Sequans Shares Surge Following $200M Sale Of 4G IoT Technology To Qualcomm

WIIM

Sequans Communications shares are trading higher after the company reported a year-over-year increase in preliminary Q2 revneue results.

Shares of Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) rose sharply in today's pre-market trading after the company reported its <a href="https://www.benzinga.com/news/24/08/40524603/workday-shares-are-trading-12-higher-in-premarket-today-heres-why">second-quarter financial results.</a>
Workday reported second-quarter revenue of $2.08 billion, beating the consensus estimate of $2.07 billion. The company reported adjusted earnings of $1.75 per share, beating analyst estimates of $1.65 per share, according to Benzinga Pro.
Workday shares jumped 11.9% to $258.47 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) gained 146.5% to $1.34 in pre-market trading after reporting preliminary second quarter 2024 financial results.</li>
<li>Portage Biotech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) rose 130.2% to $6.24 in today's pre-market trading.</li>
<li>Momentus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) gained 87.6% to $1.07 in pre-market trading.</li>
<li>Elevai Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) shares rose 34.1% to $0.3085 in pre-market trading.</li>
<li>Mural Oncology PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MURA#NASDAQ">MURA</a>) gained 19.2% to $3.91 in pre-market trading.</li>
<li>Perfect Moment Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMNT#NYSE">PMNT</a>) gained 18.7% to $1.33 in pre-market trading after declining over 6% on Thursday.</li>
<li>Satellogic Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATL#NASDAQ">SATL</a>) gained 17.7% to $1.20 in pre-market trading.</li>
<li>Pono Capital Two, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTWO#NASDAQ">PTWO</a>) gained 15.3% to $13.26 in pre-market trading after jumping 18% on Thursday.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) climbed 12% to $11.55 in pre-market trading. Revolve AI shares jumped 17% on Thursday after the company announced a partnership with ePages.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>WiMi Hologram Cloud Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>) shares fell 20.1% to $0.8307 in pre-market trading after jumping 37% on Thursday.</li>
<li>ShiftPixy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) declined 14.2% to $0.97 in pre-market trading.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares declined 13.8% to $0.1363 in pre-market trading. SRIVARU Holding shares jumped 33% on Thursday after the company announced the formal launch of the PRANA 2.0 electric motorcycle at a major event in Chennai, India. Also, the company said it aims to increase production capacity to nearly 10,000 units per month by the end of 2024</li>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) fell 13.5% to $4.09 in pre-market trading as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
<li>Air Industries Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRI#NASDAQ">AIRI</a>) fell 12.7% to $6.26 in pre-market trading. Air Industries Group shares jumped 91% on Thursday after the company announced it received a $110 million contract for the production of Thrust Struts used in the GTF aircraft jet engine.</li>
<li>N2OFF, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NITO#NASDAQ">NITO</a>) shares fell 12.5% to $0.2704 in pre-market trading after gaining around 6% on Thursday. N2OFF recently announced the 111 MW project in Germany as part of an agreement with Solterra Renewable Energy.</li>
<li>ESS Tech, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) shares declined 11.3% to $0.4792 in pre-market trading after declining 5% on Thursday.</li>
<li>Beneficient  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) fell 11.1% to $2.24 in today's pre-market trading after surging 9% on Thursday.</li>
<li>BurgerFi International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>) shares fell 10.4% to $0.2011 in pre-market trading.</li>
<li>Staffing 360 Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) shares dipped 9.2% to $2.78 in pre-market trading after surging 159% on Thursday.</li>
</ul>
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Pre-Market Outlook

AIRI

BENF

ELAB

MURA

NITO

PIXY

PMNT

PTWO

RZLV

SATL

STAF

WIMI

Why Workday Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket

Sequans Communications Preliminary Q2 Results: Revenues Total $9.7M Higher Than $9.2M YoY; Non-IFRS Diluted Loss Per ADS Was $(0.09) Compared With $(0.10) YoY

Under the terms of the agreement with Qualcomm, Sequans will receive&nbsp;$185 million&nbsp;in cash, with&nbsp;$175 million&nbsp;payable at closing and up to an additional&nbsp;$10 million&nbsp;following the completion of a one-year warranty period.
The remaining&nbsp;$15 million&nbsp;was paid under the pre-transaction manufacturing license agreement that was executed in June 2024 and will be credited toward the&nbsp;$200 million&nbsp;purchase price.

Sequans Agrees To Sell Its 4G IoT Technology For $200M To Qualcomm While Retaining License For Ongoing Use And Development

Sequans 4G IoT Technology Deal Strengthens Qualcomm's Industrial IoT Portfolio; Sequans Maintains Full Ownership Of Its 5G Technology

The acquisition includes certain employees, assets and licenses. The transaction is subject to customary closing conditions, including French regulatory approval.
Sequans will retain full rights to continue to use the technology commercially, via a perpetual license agreement, supporting the company&#39;s ability to expand its 4G business and develop its 5G portfolio.

Qualcomm Enters Definitive Deal To Buy Sequans' 4G IoT Technologies; No Terms Disclosed

Shares of SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) fell sharply during Monday's session after the company announced a <a href="https://www.benzinga.com/markets/equities/24/07/39774515/solaredge-cuts-400-more-jobs-in-2024-navigating-market-woes-and-inventory-challenges">workforce reduction</a>.
SolarEdge disclosed a decision to lay off 400 employees. The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments.
SolarEdge Technologies shares dipped 12.2% to $27.77 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) shares climbed 148% to $1.4850 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Generator.</li>
<li>AEON Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEON#NASDAQ">AEON</a>) gained 72% to $2.41.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) gained 65% to $9.90.</li>
<li>DatChat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares jumped 65% to $1.75.</li>
<li>Scinai Immunotherapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) shares climbed 61% to $6.53 after the company announced in-vivo preclinical study results of NanoAb.</li>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) gained 44.5% to $0.7514.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) rose 32.8% to $41.03 following the attempted assassination of Donald Trump. The company's CEO Devin Nunes issued the following statement in response to the attempted assassination of President Donald J. Trump, &#8220;I offer my deepest sympathies to the family of the rally goer killed in Butler, Pennsylvania, and to those who were wounded. I thank God President Trump survived the assassination attempt and is now safe.&#8221;</li>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) shares gained 28.3% to $0.7632 after the company said testing confirmed MIRA&#8217;s preliminary beliefs regarding potential treatment for neurological and neuropsychiatric disorders.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) gained 23.5% to $61.17.</li>
<li>Innodata Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) shares climbed 22.1% to $20.66. Maxim Group analyst Allen Klee initiated coverage on Innodata with a Buy rating and announced a price target of $30.</li>
<li>BitFuFu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUFU#NASDAQ">FUFU</a>) rose 20.3% to $5.16 after Bitcoin rose above $62,000.</li>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) climbed 19% to $8.32 after the Pluristyx announced a license agreement with the company.</li>
<li>AMMO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWW#NASDAQ">POWW</a>) gained 17.5% to $1.95. Shares of prison and firearm stocks traded higher following the attempted assassination of Donald Trump, which has lifted stocks that could benefit from a Trump presidency on Monday.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) climbed 15.6% to $4.28.</li>
<li>Algoma Steel Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTL#NASDAQ">ASTL</a>) gained 13.7% to $8.35.</li>
<li>Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) gained 13% to $19.17 after Bitcoin rose above $62,000.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) rose 11.5% to $1,556.89 amid a rise Bitcoin.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) gained 11.2% to $242.51 after Bitcoin rose above $62,000.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) climbed 10.3% to $29.91.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gained 6% to $263.03 possibly after CEO Elon Musk endorsed former President Trump on X after the attempted assassination. In response to the attack, Trump-adjacent stocks are rising on Monday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>ASLAN Pharmaceuticals Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLN#NASDAQ">ASLN</a>) shares fell 45.7% to $1.3687 after the company announced receipt of Nasdaq delisting determination.</li>
<li>Kazia Therapeutics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZIA#NASDAQ">KZIA</a>) shares tumbled 28% to $0.6387.</li>
<li>Locafy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCFY#NASDAQ">LCFY</a>) dipped 25.9% to $4.1401.</li>
<li>Lexeo Therapeutics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEO#NASDAQ">LXEO</a>) fell 25.1% to $13.18 after the company reported interim Phase 1/2 clinical data of LX2006 for the treatment of friedreich ataxia cardiomyopathy.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) declined 25% to $3.1845.</li>
<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) dipped 21% to $0.3436 after jumping 109% on Friday.</li>
<li>Catheter Precision, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTAK#NYSE">VTAK</a>) fell 18.5% to $3.12. Catheter Precision announced effectiveness of 1-for-10 reverse stock split.</li>
<li>Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) dipped 17.3% to $0.4733.</li>
<li>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) shares fell 17.1% to $0.5912. Vicinity Motor shares surged around 111% on Friday after the company announced CARB certification for the VMC 1200 class 3 electric truck.</li>
<li>Logistic Properties of the Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) fell 17.1% to $15.26 after surging 88% on Friday.</li>
<li>Moolec Science SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) fell 16.6% to $0.86. Moolec signed an offtake agreement with a major global CPG company to hit the US market in 2025.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) shares fell 14.5% to $0.0854 after rising around 22% on Friday.</li>
<li>Eastside Distilling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EAST#NASDAQ">EAST</a>) shares dipped 14.3% to $1.0199.</li>
<li>Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) fell 13.3% to $16.55 after the company announced the termination of discussions with Arkhouse and Brigade.</li>
<li>TDH Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETZ#NASDAQ">PETZ</a>) shares fell 12.7% to $1.45 after jumping 16% on Friday.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) shares declined 11.4% to $15.24 after gaining around 7% on Friday.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) fell 10.5% to $3.8012. Cantor Fitzgerald analyst Andres Sheppard reiterated Lucid with an Underweight and maintained a $4 price target.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) fell 10% to $6.91 following the attempted assassination of Donald Trump, which has pressured stocks that could be impacted from a Trump presidency.</li>
<li>The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) fell 9.9% to $17.01. declared a quarterly common stock dividend of 17.25 cents per share.</li>
<li>Canadian Solar Inc. (NASDAQ:  CSIQ) dipped 8.6% to $15.79.</li>
<li>Rackspace Technology, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RXT#NYSE">RXT</a>) fell 7.7% to $2.3150.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) fell 6.6% to $217.76. Shares of solar stocks traded lower following the attempted assassination of Donald Trump, which has pressured stocks that could be impacted from a Trump presidency on Monday.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares fell 5.8% to $4.5869. Shares of Chinese stocks traded lower after China reported softer-than-expected Q2 GDP growth.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39774143/bank-of-america-likely-to-report-lower-q2-earnings-here-are-the-recent-forecast-changes-from-wall-s">Bank of America Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

AEON

AGRI

AMIX

AREB

ASLN

ASTL

COIN

DATS

EAST

FSLR

FUFU

HUMA

INOD

KZIA

LCFY

LCID

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MIRA

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Qualigen Therapeutics, Inc. - Common Stock

QLGN

SCNI

SEDG

TSLA

UPST

VTAK

Why SolarEdge Shares Are Trading Lower By 12%? Here Are Other Stocks Moving In Monday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares rose 23.6% to $0.14 during Thursday's pre-market session. The company's market cap stands at $5.7 million. </li>
<li>Nano Dimension (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNDM#NASDAQ">NNDM</a>) shares moved upwards by 10.64% to $2.39. The company's market cap stands at $523.9 million. </li>
<li>LeddarTech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) shares moved upwards by 7.36% to $1.02. The company's market cap stands at $30.0 million. </li>
<li>Inuvo (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INUV#AMEX">INUV</a>) shares increased by 7.01% to $0.27. The company's market cap stands at $37.8 million. </li>
<li>Research Frontiers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REFR#NASDAQ">REFR</a>) shares rose 6.52% to $1.96. The market value of their outstanding shares is at $65.6 million. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) stock rose 6.28% to $0.08. The company's market cap stands at $13.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SatixFy Communications (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SATX#AMEX">SATX</a>) stock decreased by 7.8% to $0.61 during Thursday's pre-market session. The company's market cap stands at $50.9 million. </li>
<li>TROOPS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROO#NASDAQ">TROO</a>) stock declined by 5.29% to $2.51. The company's market cap stands at $255.0 million. </li>
<li>American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) stock fell 4.97% to $8.62. The company's market cap stands at $286.8 million. </li>
<li>WidePoint (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WYY#AMEX">WYY</a>) shares fell 4.43% to $3.89. The market value of their outstanding shares is at $36.2 million. </li>
<li>QXO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) stock fell 4.11% to $63.01. The company's market cap stands at $41.8 million. </li>
<li>Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) stock declined by 3.85% to $0.5. The market value of their outstanding shares is at $30.9 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.

AMSWA

INUV

LDTC

NNDM

PRST

REFR

SatixFy Communications Ltd. Ordinary Share

SATX

TROO

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

<h3>Gainers</h3>
<ul>
<li>Spectaire Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPEC#NASDAQ">SPEC</a>) stock moved upwards by 148.9% to $0.85 during Friday's pre-market session. The company's market cap stands at $15.6 million. </li>
<li>Ascent Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) stock rose 35.31% to $0.15. The market value of their outstanding shares is at $13.2 million. </li>
<li>Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares moved upwards by 14.46% to $0.55. The company's market cap stands at $34.0 million. The company's, Q1 earnings came out 3 days ago. </li>
<li>Minim (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) shares increased by 10.13% to $3.15. The market value of their outstanding shares is at $8.8 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares rose 8.15% to $1.34. The market value of their outstanding shares is at $4.0 million. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) stock moved upwards by 5.88% to $1.8. The company's market cap stands at $220.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Perfect (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PERF#NYSE">PERF</a>) stock decreased by 12.5% to $1.61 during Friday's pre-market session. The company's market cap stands at $163.9 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock fell 12.38% to $0.14. The market value of their outstanding shares is at $5.5 million. </li>
<li>Movano (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOVE#NASDAQ">MOVE</a>) shares fell 11.35% to $0.35. The market value of their outstanding shares is at $34.3 million. </li>
<li>SmartKem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTK#NASDAQ">SMTK</a>) stock declined by 8.19% to $5.91. The market value of their outstanding shares is at $10.1 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares declined by 6.95% to $0.35. The company's market cap stands at $69.6 million. </li>
<li>SPI Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPI#NASDAQ">SPI</a>) shares fell 6.49% to $0.43. The company's market cap stands at $13.5 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.

ASTI

MINM

MOVE

Nuveen California Dividend Advantage Municipal Fund 2

PERF

SMTK

SPEC

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

<h3>Gainers</h3>
<ul>
<li>Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) stock increased by 114.8% to $2.47 during Wednesday's pre-market session. The company's market cap stands at $8.2 million. </li>
<li>MicroAlgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) stock rose 40.56% to $4.99. The company's market cap stands at $37.9 million. </li>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) stock increased by 38.7% to $3.01. The market value of their outstanding shares is at $85.7 million. The company's, Q3 earnings came out yesterday. </li>
<li>Schmid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHMD#NASDAQ">SHMD</a>) stock moved upwards by 25.67% to $5.09. The company's market cap stands at $218.7 million. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock moved upwards by 18.1% to $0.49. The market value of their outstanding shares is at $7.1 million. </li>
<li>SmartKem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTK#NASDAQ">SMTK</a>) stock rose 10.24% to $7.1. The company's market cap stands at $12.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) shares declined by 38.0% to $0.48 during Wednesday's pre-market session. The company's market cap stands at $46.3 million. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>Spectaire Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPEC#NASDAQ">SPEC</a>) shares declined by 10.29% to $0.35. The market value of their outstanding shares is at $6.4 million. </li>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) stock decreased by 7.95% to $1.39. The market value of their outstanding shares is at $3.7 million. </li>
<li>QXO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) stock fell 6.63% to $114.0. The company's market cap stands at $75.7 million. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) shares decreased by 6.58% to $0.07. The market value of their outstanding shares is at $8.4 million. </li>
<li>Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) stock fell 5.56% to $0.49. The market value of their outstanding shares is at $30.4 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.

ASNS

CMTL

MLGO

PRSO

QMCO

SHMD

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

<h3>Gainers</h3>
<ul>
<li>Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) stock rose 139.1% to $2.75 during Tuesday's pre-market session. The market value of their outstanding shares is at $9.2 million. </li>
<li>MicroAlgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) shares increased by 30.98% to $4.65. The company's market cap stands at $35.4 million. </li>
<li>Schmid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHMD#NASDAQ">SHMD</a>) stock moved upwards by 25.67% to $5.09. The company's market cap stands at $218.7 million. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock increased by 18.25% to $0.49. The company's market cap stands at $7.1 million. </li>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) shares rose 17.97% to $2.56. The market value of their outstanding shares is at $72.8 million. As per the news, the Q3 earnings report came out today. </li>
<li>Next Technology Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) stock rose 12.27% to $5.03. The market value of their outstanding shares is at $35.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) stock declined by 37.4% to $0.49 during Tuesday's pre-market session. The market value of their outstanding shares is at $46.7 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) stock decreased by 8.3% to $4.09. The company's market cap stands at $16.0 million. </li>
<li>Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares fell 6.74% to $0.48. The company's market cap stands at $30.0 million. </li>
<li>T Stamp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) stock decreased by 5.34% to $0.48. The company's market cap stands at $5.1 million. </li>
<li>Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) shares declined by 5.03% to $10.39. The company's market cap stands at $486.1 million. </li>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) shares fell 4.92% to $2.42. The market value of their outstanding shares is at $91.3 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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