After-hours movers: The Trade Desk, Unity Software plunge on guidance issues

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Go back to After-hours movers: The Trade Desk, Unity Software plunge on guidance issues

Wolfe Research Downgrades Unity Software (U) to Peerperform

November 13, 2023 4:14 AM EST

Wolfe Research analyst Gal Munda downgraded Unity Software (NYSE: U) from Outperform to Peerperform.

The analyst comments "U reported results below consensus on revenue but above on EBITDA and announced changes including removing unprofitable portions of its business, reducing headcount, and focusing... More

Qualcomm (QCOM) terminates agreements with Iridium Communications (IRDM)

November 10, 2023 8:41 AM EST

Iridium Communications (NASDAQ: IRDM) shares are down around 1% premarket Friday after the company said Qualcomm (NASDAQ: QCOM) has told the company it will terminate previous agreements they held.

Iridium had previously announced agreements with Qualcomm to enable satellite messaging and emergency services in smartphones powered by Snapdragon Mobile Platforms via Iridium's network.

While the company said they successfully developed and demonstrated the technology, smartphone manufacturers didn't include the... More

Macquarie Downgrades Unity Software (U) to Neutral, 'too many questions'

November 10, 2023 6:09 AM EST

(Updated - November 10, 2023 8:21 AM EST)

Macquarie analyst Tim Nollen downgraded Unity Software (NYSE: U) from Outperform to Neutral with a price target of $20.00 (from $55.00).

The analyst comments "Unity delivered a surprising Q3 bottom line beat, but provided no financial guidance... More