What Happened?
Shares of advertising data platform LiveRamp (NYSE:RAMP) jumped 6.9% in the pre-market session after the company reported strong fourth quarter results, with sales and profits surpassing Wall Street estimates. The growth was driven by a 10% increase in subscription revenue and a 20% rise in marketplace and other revenue. On the other hand, its revenue guidance for next quarter slightly missed and it lost some customers. Overall, this was a decent quarter.
After the initial pop the shares cooled down to $35.58, up 3.1% from previous close.
Is now the time to buy LiveRamp? Access our full analysis report here, it’s free.
What The Market Is Telling Us
LiveRamp’s shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
LiveRamp is up 17.6% since the beginning of the year, but at $35.58 per share, it is still trading 15.2% below its 52-week high of $41.96 from February 2024. Investors who bought $1,000 worth of LiveRamp’s shares 5 years ago would now be looking at an investment worth $800.52.
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.