Mid Cap Gainers: RAMP, SWCH, SYNA
3:50 pm Friday, August 06th, 2021
Liveramp Holdings Inc (NYSE:RAMP) is up 24% after the company posted upside Q1 EPS and revs. Subscription revs increased +16% yr/yr to $97 million, contributing 81% of total revs. Co added 30 net new customers in the quarter. Issued upside guidance for Q2 and FY22 revs, now seeing full year revs growth of approx. +18% yr/yr.
Switch Inc (NYSE:SWCH) stock surged 19.50% to $24.22 as the company reported Q2 results, missing consensus on EPS while posting upside revs; “robust” sales performance through the quarter drove record revenue backlog for the third consecutive quarter. Issued upside guidance for FY21 revs. Also announced various shareholder value initiatives, including the evaluation of a REIT election and a review of co’s operational and financial targets. Increased its quarterly cash dividend to $0.0525/share from $0.05/share. Upgraded at Cowen and at JPMorgan. At record highs.
Synaptics, Incorporated (NASDAQ:SYNA) topped EPS expectations for Q4. Issued upside guidance for Q1 revs; co expects to maintain gross margin strength into the new year as ramping design wins support its IoT growth trajectory. Customer demand continues to outpace supply availability amid semiconductor supply chain constraints. At all-time highs. The stock surged 16.24% to $170.16.
