12 IT Stocks Move in After-Market Session, Including Sprout Social and Cerence

Stocks moving in Wednesday's after-market session include Sprout Social (SPT) up 14.2%, Cerence (CRNC) up 11.56%, Information Services Gr III up 10.28%, MKS (MKSI) up 8.23%, and Fastly (FSLY) up 7.36%. Fortinet (FTNT) fell 15.1%, TSS (TSSI) fell 14.83%, Alpha & Omega (AOSL) fell 7.57%, Power Integrations (POWI) fell 7.35%, Sobr Safe (SOBR) fell 6.17%, and Upland Software (UPLD) fell 5.0%.

Wednesday's after-market session saw significant movements in several stocks. Sprout Social (SPT) led the gains with a 14.2% increase, while Cerence (CRNC) followed closely with a 11.56% rise. Other notable performers included Information Services Gr III up 10.28%, MKS (MKSI) up 8.23%, and Fastly (FSLY) up 7.36%. Fortinet (FTNT) and TSS (TSSI) were among the losers, falling by 15.1% and 14.83% respectively, along with Alpha & Omega (AOSL), Power Integrations (POWI), Sobr Safe (SOBR), and Upland Software (UPLD) with declines of 7.57%, 7.35%, 6.17%, and 5.0% respectively.

Sprout Social (SPT) reported its second-quarter earnings, with earnings per share (EPS) of $0.18, beating the analyst estimate of $0.15. Revenue for the quarter came in at $111.8M, exceeding the consensus estimate of $110.93M. Despite this positive performance, the stock price closed at $16.03, down 32.93% in the last three months and 46.81% in the last 12 months [2].

Cerence (CRNC), a leader in AI-powered automotive assistants, reported its third-quarter fiscal 2025 results on August 6, 2025. The company exceeded guidance across all key metrics despite a year-over-year revenue decline. Cerence reported Q3 FY25 revenue of $62.2 million, down from $70.5 million in the same period last year but significantly exceeding the company’s guidance range of $52-56 million. The stock closed at $8.55, up 0.35% for the day [3].

These after-market movements highlight the varied performance of companies in different sectors. While Sprout Social and Cerence showed strong earnings and stock price increases, other companies experienced significant declines. Investors should continue to monitor these companies' earnings reports and market performance for further insights.

References:
[1] https://finance.yahoo.com/quote/SPT/
[2] https://za.investing.com/news/earnings/sprout-social-earnings-beat-by-003-revenue-topped-estimates-3824243
[3] https://www.investing.com/news/company-news/cerence-q3-fy25-slides-revenue-exceeds-guidance-despite-yoy-decline-93CH-4174785