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February 25, 2023
Autodesk is yesterday's top mover after declining 12.95%
Leading equity indices in the US declined as Nasdaq lost 1.69% and ended the session at 11,400. After dropping 1.02%, Dow Jones closed at 32,817.
Today's price action is taking place amid mixed market indicators – United States New Home Sales (Jan) came out at 670,000, while a consensus of analysts was expecting 620,000.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with 's most active technology stocks listed below.
Cyren gains 61.9% within 20 cents to 59 cents daily range
The state-of-the-art email security software developer rose as high as 59 cents before giving up its gains and dropping back to 34 cents before the close on yesterday. Cyren's market cap is currently $2.72 million with an average daily trading volume of 2.39 million shares.
Autodesk suffers weak session with 12.95% loss; downside halted at $191.47
After ending Thursday at $221.16, Autodesk declined to $191.47 yesterday before closing at $192.53, thereby losing 12.95% in total. The company has a market cap of $41.54 billion with an average daily volume of 1.44 million shares. So far this year, it has been doing worse than the Nasdaq by 5.25%.
Autodesk was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 1.26 per share on revenue of $1.32 billion, topping estimates of 1.18 per share on revenue of $1.28 billion.
CommScope Holding Company, Inc. | Currently down 9.32% at $7.78
CommScope Holding Company, Inc. closed at $7.78 after dropping by 9.32% (80 cents), its largest single-day drop since Jan 24. The US network infrastructure provider has fallen back around 36.11% from the significant high of $13.43 set 4 months ago. The US network infrastructure provider's market cap currently stands at $1.62 billion with an average daily trading volume of 2.57 million shares.
CommScope Holding Company, Inc. was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.43 per share on revenue of $2.32 billion, topping estimates of 0.42 per share on revenue of $2.30 billion.
