Markets closed higher yet Atlassian, Appian Corporation, Cloudflare, Inc. top this unflattering list of yesterday's losers
What happened after yesterday's session ended? Markets had an interesting day yesterday; Dow Jones ended the session at 32,400 after a 1.26% gain. S&P 500 closed the day at 3,770.55, having gained 1.36%.
Uptick coincides with some positive signs published earlier as United States Non Farm Payrolls released yesterday at 12:30 UTC is better than expected at 261,000 but down from preceding data of 315,000 according to new data.
Despite the climb, markets experienced yesterday, some technology stocks suffered losses. Take a look at our top losers.
Appian Corporation | Currently down 18.65% at $38.43
Appian Corporation's downtrend has seen it decline 23.72% in 4 days More of the same from yesterday's session: early in yesterday's session, Appian Corporation dropped to $34.53 from $47.24 at the end of Thursday, before closing at $38.43. During the session, it lost 18.65%.
Daily trading volume (1.58 million shares) was higher than the current multiday average of 446,876.
Appian Corporation reported earnings results Thursday; with EPS at -0.59; these results are inconclusive when compared to a consensus of -0.32 Earnings Per Share. Since the release of its earnings report, Appian Corporation lost 19.06%.
Cloudflare | -18.42% at $41.09
Having fallen $7.18 in 9 days, More of the same from yesterday's session: early in yesterday's session, Cloudflare dropped to $39.38 from $50.37 at the end of Thursday, before closing at $41.09. During the session, it lost 18.42%.
Daily trading volume (19.63 million shares) was higher than the current multiday average of 5.23 million.
Cloudflare was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of -0.11 per share on revenue of $253.86 million, topping estimates of -0.13 per share on revenue of $250.62 million.
Atlassian | -28.96% at $123.73
Atlassian has lost 38.97% over the last 5 days. More of the same from yesterday's session: after ending Thursday at $174.17, Atlassian dropped to $115.06 early in yesterday's session and closed at $123.73. In total, it lost 28.96%.
Atlassian reported earnings results Thursday; with EPS at -0.16, these results are ambiguous when compared to a consensus of -0.1 Earnings Per Share. Since the release of its earnings report, Atlassian lost 28.23%.