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February 22, 2023
Markets are down at the start of today's session, Keysight Technologies Inc, Everbridge, Inc., Cyren Ltd. make this list of poorly performing technology stocks
As the trading session gets underway, the leading indices are dropping — S&P 500 drawing back 0.31% to 3,985. Nasdaq trades at 11,449 after losing 0.38%.
Amid the market gloom, United States Existing Home Sales (Jan) released yesterday at 15:00 UTC with a figure of 4 million, while the previous figure was 4 million.
In line with markets falling yesterday, some technology stocks are currently on the list of Top Losers. Take a look:
-16%: Keysight tumbles to $153.66
Similar trend today: Keysight Technologies Inc is down to $153.66, after ending yesterday at $182.98. Overall, a 16% loss or $29.32 today. Keysight's market cap is currently $27.40 billion with an average daily trading volume of 973,693 shares. So far this year, it has been outperforming the S&P 500 by 2.71%.
Everbridge | -4.21% to start today's session
The US enterprise software company has gained 18.39% since its lowest print of $24.81 earlier this year. Everbridge's market cap currently stands at $1.30 billion with an average daily volume of 450,888 shares.
Everbridge is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is -0.11 and the consensus revenue estimate is $116.16 million.
-3.66%: Cyren retreats to 39.5 cents
Similar trend today: Cyren is down to 39.5 cents, after ending yesterday at 41 cents. Overall, a 3.66% loss or 1.5 cents today. Currently, the internet security technology company has a market capitalization of $3.16 million with an average daily trading volume of 520,967 shares.
