W3Schools

The Ratings Game: These 5 tech stocks are taking a beating after earnings

During a down day for tech stocks, some names across the industry were getting especially crunched after delivering disappointing earnings reports.

Among tech’s biggest losers in Thursday’s session were optoelectronics companies Infinera Corp. INFN, -24.43% and Applied Optoelectronics Inc. AAOI, -10.07% crafts marketplace Etsy Inc. ETSY, -10.28% ad marketplace The Trade Desk Inc. TTD, -13.35% , and freelance marketplace Upwork Inc. UPWK, -14.23%

“We’re nervous about Infinera,” wrote Jefferies analyst George Notter of a quarter in which he saw “big red flags.” The company missed Wall Street’s revenue expectations by about 6% while reporting a narrower loss than analysts had expected.

>>> Original Source <<<

Comentários