Tech Stock That Underdeliver: 3 Names to Avoid :texas stock exchange: roaring kitty livestream: gamestop stocks: stock market today india
These struggling tech stocks are not as flashy as they once were.
These companies continue to let down under delivering, overpromising in tech sector.
Palo Alto Networks PANW
The cybersecurity firms earning continue to disappoint.
Intel INTC
The company pivot to become microchip foundry is not going as planned.
Roblox RBLXÂ
The online video game platform growth is stalling.
The main reason tech stocks are in red while rest of market is in green is that companies behind securities have failed to deliver on promises they made.
Results have missed targets forward guidance has been lowered and new products have not materialized when expected.
To avoid falling victim to tech stocks, investors should take good look at each companies on list.
Company heading in future can prevent costly investment mistakes in high volatile market segment.
Roblox RBLX
The company behind popular online video game platform posted a Q1 loss of 43 cents which beat a loss of 53 cents expected on Wall Street.
Revenue totaled $923.8 million up 19% from year earlier and analyst estimates of $919 million.
Roblox said it expect revenue of $870 million to $900 million in second quarter analyst call for $929 million.