In company news, Daktronics (DAKT) fell 0.3% on Wednesday after the light-emitting display company reported a net loss of $0.02 per share for its fiscal Q4 ended April 30, reversing a $0.01 per share profit during the same quarter last year.
OMNIQ (OMQS) was 1% lower, reversing a more than 5% morning advance that followed the company announcing an $11 million contract to supply internet-of-things equipment, consumables and technical services to the Israeli government over the next five years. Recurring revenue represents roughly half of the deal, the company said.
Smartsheet (SMAR) declined 6.5% after the enterprise software firm projected a larger Q2 net loss than analysts are expecting and also issued revised 2023 earnings guidance. The company is now looking for a non-GAAP net loss of $0.67 to $0.59 per share for the year, improving on its prior outlook expecting a $0.70 to $0.62 per share loss.
Consensus Cloud Solutions (CCSI) shed 12% after the software-as-a-service company overnight disclosed plans for a secondary offering of 2 million shares owned by its former parent company Ziff Davis (ZD).
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