Últimas noticias sobre Luna Innovations (NASDAQ:LUNA) Bolsa

Luna Innovations

Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.

Luna Innovations Incorporated - Common Stock

Luna Innovations Inc

Terra - United States Dollar

Luna 2.0 - United States Dollar

Lunar

Phelan succeeds John Roiko, who joined Luna out of retirement in May 2024 and played a key role in establishing a resilient foundation for Luna&#39;s future growth. Following the appointment of Mr. Phelan, Mr. Roiko will shift to a consulting role to support the ongoing restatement process.

News

Management

LUNA

Luna Innovations Appoints William Phelan As Its New CFO And Chief Accounting Officer, Effective Immediately

<h3>Gainers</h3>
<ul>
<li>Saiheat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIH#NASDAQ">SAIH</a>) shares rose 56.9% to $0.88 during Wednesday's regular session. The company's market cap stands at $21.6 million. </li>
<li>Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) shares rose 36.64% to $6.6. The market value of their outstanding shares is at $45.0 million. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares increased by 31.27% to $1.91. The company's market cap stands at $66.2 million. </li>
<li>Alarum Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) shares increased by 26.95% to $15.87. The company's market cap stands at $109.0 million. </li>
<li>BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) shares moved upwards by 20.83% to $2.9. The company's market cap stands at $32.2 million. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) stock moved upwards by 20.42% to $4.01. The market value of their outstanding shares is at $23.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Silvaco Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVCO#NASDAQ">SVCO</a>) shares fell 28.7% to $7.89 during Wednesday's regular session. The company's market cap stands at $207.4 million. </li>
<li>Penguin Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) stock declined by 24.63% to $15.38. The market value of their outstanding shares is at $814.0 million. The company's, Q4 earnings came out yesterday. </li>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) shares decreased by 17.43% to $0.1. The market value of their outstanding shares is at $3.9 million. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) stock declined by 12.07% to $0.16. The company's market cap stands at $42.9 million. </li>
<li>Wellchange Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCT#NASDAQ">WCT</a>) stock fell 9.55% to $6.54. The market value of their outstanding shares is at $137.9 million. </li>
<li>Orangekloud Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORKT#NASDAQ">ORKT</a>) stock declined by 8.93% to $6.43. The company's market cap stands at $148.9 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's Intraday Session

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Shares of companies within the broader technology sector are trading lower. The sector may be falling amid sympathy for overall market weakness after ASML and UnitedHealth Group reported Q3 results.

Luna Innovations shares are trading lower after the company received a Nasdaq listing compliance rule notification.

The Determination will not result in the immediate suspension of trading or delisting of the Company&#39;s securities.
However, unless the Company requests an appeal of the Determination by October 8, 2024, trading of the Company&#39;s common stock will be suspended from The Nasdaq Capital Market at the opening of business on October 10, 2024, and a Form 25-NSE will be filed with the SEC, which will remove the Company&#39;s securities from listing and registration on Nasdaq.

Luna Innovations Gets Nasdaq Staff Determination Letter Regarding Compliance With Nasdaq Listing Rule

Luna Innovations Reveals Receipt Of Written Notice On August 20, 2024, From Nasdaq Regarding Late Filing of Quarterly Report

The company also announced the retirement of Richard Roedel from the Board of Directors&nbsp;after nearly 20 years of service, and the closing of a&nbsp;$15 million&nbsp;junior secured term loan facility.
Ilcisin succeeds Richard Roedel, who informed the Board on July 12, 2024, that, after nearly 20 years of dedicated service to the Company, he was stepping down as Interim President and Interim Executive Chairman of the Company due to health reasons, effective immediately.
On July 16, 2024, Warren B. (Barry) Phelps, III was appointed Chair of the Board of Directors.

Luna Innovations Appoints Kevin Ilcisin As Its New President And CEO, Effective August 1, 2024

In a significant development, Terraform Labs agreed to a civil settlement of $4.47 Billion with the Securities and Exchange Commission after being found guilty of defrauding cryptocurrency investors during the infamous Terra (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/luna/usd">LUNA</a>) implosion in 2022.
What Happened: A jury found Terraform Labs and its disgraced founder, Do Kwon, guilty of defrauding cryptocurrency investors, according to a Reuters report Wednesday. A proposed final judgment was filed in a Manhattan federal court, awaiting approval by U.S. District Judge Jed Rakoff.
The judgment includes $4.05 billion of disgorgement plus interest, and a $420 million civil fine. However, <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36710591/terraform-labs-files-for-chapter-11-bankruptcy-protection-amid-legal-woes-facing-co-founde">due to Terraform&#8217;s bankruptcy filing in January,</a> much of this is unlikely to be paid and will be treated as an unsecured claim in the Chapter 11 case.
Kwon has agreed to a ban on cryptocurrency transactions and is required to transfer $204.3 million to Terraform&#8217;s bankruptcy estate. The SEC stated in a court filing that the judgment would &#8220;ensure the maximal return of funds to harmed investors and put Terraform out of business for good.&#8221;
Why It Matters: The case against Terraform Labs and Do Kwon has been ongoing for over two years. In April 2024, a United States District Court found that Terraform Labs and Kwon <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38147207/court-finds-terraform-labs-guilty-of-defrauding-crypto-investors">had defrauded investors during the stunning collapse of stablecoin TerraUSD (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">UST</a>) and reserve cryptocurrency LUNA</a>, an event that wiped out more than $40 billion in market cap within a week and triggered a cryptocurrency bear market.
In the same month, a former employee of Jump Trading testified that Jump Trading had <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38027657/trading-firm-allegedly-colludes-with-do-kwons-terra-making-1b-before-peg-collapsed-testimo">colluded with Terraform Labs</a> to manipulate the price of UST. 
Price Action: At the time of writing, LUNA was exchanging hands at $0.5476, up 0.34% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Its sister token, Terra Classic (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">LUNC</a>) rose 2.23% in the last 24 hours.
Photo via Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39291992/solana-ripple-etfs-unlikely-in-near-future-says-cboe-vp">Solana, Ripple ETFs Unlikely In Near Future, Says Cboe VP</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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$LUNA

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$UST

Bankrupt Terraform Labs And Founder Do Kwon Reach Historic $4.47B Settlement With The SEC In The UST, LUNA Collapse Case

Luna Innovations Reveals Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report On Form 10-Q

<h3>Gainers</h3>
<ul>
<li>Strong Global (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGE#AMEX">SGE</a>) shares rose 100.8% to $2.29 during Monday's regular session. The market value of their outstanding shares is at $18.0 million. </li>
<li>Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) stock rose 52.8% to $73.52. The company's market cap stands at $2.5 billion. The company's, Q1 earnings came out today. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) stock moved upwards by 26.53% to $1.53. The company's market cap stands at $4.6 million. </li>
<li>Upland Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPLD#NASDAQ">UPLD</a>) shares rose 24.27% to $3.22. The market value of their outstanding shares is at $89.6 million. As per the press release, Q1 earnings came out 2 days ago. </li>
<li>Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares increased by 17.07% to $20.51. The market value of their outstanding shares is at $5.5 billion. </li>
<li>My Size (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYSZ#NASDAQ">MYSZ</a>) stock rose 15.12% to $4.81. The company's market cap stands at $3.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) shares decreased by 20.4% to $2.67 during Monday's regular session. The market value of their outstanding shares is at $16.8 million. </li>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) shares fell 10.55% to $0.89. The company's market cap stands at $39.4 million. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares declined by 9.97% to $2.75. The market value of their outstanding shares is at $95.5 million. </li>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares decreased by 8.72% to $2.09. The market value of their outstanding shares is at $12.4 million. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) stock fell 8.52% to $0.68. The market value of their outstanding shares is at $10.8 million. </li>
<li>UTStarcom Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UTSI#NASDAQ">UTSI</a>) shares fell 8.25% to $2.56. The market value of their outstanding shares is at $23.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Monday's Intraday Session

Needham analyst Alex Henderson reiterates Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) with a Buy and maintains $8 price target.

Price Target

Reiteration

Analyst Ratings

Needham Reiterates Buy on Luna Innovations, Maintains $8 Price Target

<h3>Gainers</h3>
<ul>
<li>Arteris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIP#NASDAQ">AIP</a>) shares increased by 32.0% to $7.83 during Friday's regular session. The company's market cap stands at $300.4 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Upland Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPLD#NASDAQ">UPLD</a>) stock rose 28.96% to $2.6. The company's market cap stands at $75.1 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) stock rose 17.77% to $2.65. The market value of their outstanding shares is at $91.9 million. </li>
<li>GCT Semiconductor Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCTS#NYSE">GCTS</a>) stock increased by 14.59% to $5.81. The company's market cap stands at $266.2 million. </li>
<li>LivePerson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPSN#NASDAQ">LPSN</a>) shares moved upwards by 13.73% to $0.64. The market value of their outstanding shares is at $56.8 million. </li>
<li>OneSpan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSPN#NASDAQ">OSPN</a>) shares moved upwards by 13.6% to $12.44. The company's market cap stands at $470.7 million. As per the news, the Q1 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sprout Social (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPT#NASDAQ">SPT</a>) shares decreased by 37.1% to $30.31 during Friday's regular session. The company's market cap stands at $1.7 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) stock declined by 22.7% to $1.09. The market value of their outstanding shares is at $80.9 million. </li>
<li>GSI Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIT#NASDAQ">GSIT</a>) stock declined by 21.25% to $2.91. The market value of their outstanding shares is at $73.5 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) shares fell 19.69% to $2.53. The market value of their outstanding shares is at $7.6 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) stock fell 17.71% to $73.22. The market value of their outstanding shares is at $24.8 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) stock decreased by 17.17% to $0.6. The market value of their outstanding shares is at $24.9 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Friday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Tungray Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRSG#NASDAQ">TRSG</a>) shares rose 25.9% to $7.74 during Thursday's pre-market session. The market value of their outstanding shares is at $125.7 million. </li>
<li>Ondas Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) shares moved upwards by 14.54% to $0.95. The market value of their outstanding shares is at $62.5 million. </li>
<li>LightPath Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPTH#NASDAQ">LPTH</a>) shares increased by 13.38% to $1.61. The market value of their outstanding shares is at $61.2 million. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) shares moved upwards by 12.56% to $0.81. The company's market cap stands at $12.9 million. </li>
<li>Greenidge Generation Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock rose 11.94% to $3.0. The market value of their outstanding shares is at $29.3 million. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares increased by 8.6% to $0.76. The company's market cap stands at $31.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fastly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) shares fell 29.9% to $9.06 during Thursday's pre-market session. The market value of their outstanding shares is at $1.2 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Freshworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) stock fell 27.24% to $13.28. The company's market cap stands at $3.9 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Everspin Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAM#NASDAQ">MRAM</a>) stock declined by 14.56% to $6.4. The company's market cap stands at $136.8 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) shares decreased by 8.84% to $102.0. The company's market cap stands at $9.8 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Appian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) shares declined by 7.44% to $34.0. The company's market cap stands at $2.4 billion. As per the press release, Q1 earnings came out today. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares fell 7.38% to $2.07. The company's market cap stands at $71.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Matterport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTTR#NASDAQ">MTTR</a>) shares moved upwards by 178.7% to $4.85 during Monday's regular session. The company's market cap stands at $1.5 billion. </li>
<li>Stronghold Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDIG#NASDAQ">SDIG</a>) stock increased by 21.93% to $3.28. The market value of their outstanding shares is at $42.3 million. </li>
<li>BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) shares increased by 20.1% to $2.39. The market value of their outstanding shares is at $26.5 million. </li>
<li>Tungray Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRSG#NASDAQ">TRSG</a>) shares moved upwards by 19.83% to $7.13. The company's market cap stands at $32.5 million. </li>
<li>Mawson Infra Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>) shares increased by 19.32% to $1.42. The company's market cap stands at $23.6 million. </li>
<li>Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) shares moved upwards by 15.66% to $10.56. The market value of their outstanding shares is at $2.6 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ICZOOM Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IZM#NASDAQ">IZM</a>) shares fell 18.7% to $3.21 during Monday's regular session. The market value of their outstanding shares is at $33.2 million. </li>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) shares decreased by 18.37% to $4.95. The market value of their outstanding shares is at $8.7 million. </li>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) shares declined by 17.69% to $2.42. The market value of their outstanding shares is at $7.2 million. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares decreased by 15.35% to $2.35. The market value of their outstanding shares is at $81.3 million. </li>
<li>MariaDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRDB#NYSE">MRDB</a>) stock declined by 14.55% to $0.46. The company's market cap stands at $31.2 million. </li>
<li>Blackboxstocks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLBX#NASDAQ">BLBX</a>) stock decreased by 13.16% to $2.41. The market value of their outstanding shares is at $7.7 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Luna Innovations shares are trading lower after the company announced the restatement of financial statements due to identified accounting errors relating to revenue recognition.

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lunainc.com&amp;esheet=53939028&amp;newsitemid=20240419143535&amp;lan=en-US&amp;anchor=Luna+Innovations+Incorporated+%28NASDAQ%3A+LUNA%29&amp;index=1&amp;md5=80b7be9be6e1b08f178e2f65bcb269e4">Luna Innovations Incorporated (NASDAQ:</a><a href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) (the "Company"), a global leader in advanced fiber optic-based technology, today announced that its Audit Committee of the Board of Directors (the "Audit Committee"), after consultation with the Company's management and the Special Committee's external legal and financial advisors, determined that its financial statements for the fiscal year ended December 31, 2022, and the interim periods ended March 31, 2022, June 30, 2022, and September 30, 2022 and March 31, 2023, cannot be relied upon and need to be restated due to identified accounting errors relating to revenue recognition. Similarly, any previously issued or filed reports, press releases, earnings releases, investor presentations or other Company communications describing the Company's financial results or other financial information relating to the fiscal year ended December 31, 2022, should no longer be relied upon.
As disclosed on <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fir.lunainc.com%2Fnews-releases%2Fnews-release-details%2Fluna-innovations-delay-release-fourth-quarter-and-full-year-2023&amp;esheet=53939028&amp;newsitemid=20240419143535&amp;lan=en-US&amp;anchor=March+12&amp;index=2&amp;md5=8568244218fd38dc2fe2a115f7d7d02e">March 12</a>, a Special Committee of the Company's Board of Directors has been conducting an independent review, with the assistance of external legal and financial advisors, of certain revenue recognition matters in connection with the Company's previously issued financial statements.
As the independent review remains ongoing and the full extent of this impact is still being determined, the Company cannot at this time estimate when it will file its restated financial statements. The Company is working diligently on this matter and will provide updated information as appropriate.

Earnings

Luna Innovations Announces Restatement Of Financial Statements; Says " Determined That Its Financial Statements For The Fiscal Year Ended Dec 31, 2022, Interim Periods Ended Mar 31, 2022, Jun 30, 2022, Sep 30, 2022 And Mar 31, 2023, Cannot Be Relied Upon And Need To Be Restated Due To Identified Accounting Errors Relating To Revenue Recognition"

Luna Innovations Received Notice From Nasdaq Regarding Late Filing Of Annual Report On Form 10-K

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Luna Innovations Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/luna#NASDAQ">LUNA</a>)</h3>
<ul>
<li>On March 25, Luna Innovations said Scott Graeff has retired from his role as President and Chief Executive Officer. The company&rsquo;s stock fell around 53% over the past month and has a <a href="https://www.benzinga.com/quote/LUNA">52-week low of $2.97 </a>.</li>
<li>RSI Value: 23.16</li>
<li>LUNA Price Action: Shares of Luna Innovations closed at $3.03 on Wednesday.</li>
</ul>
<h3>InterDigital, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idcc#NASDAQ">IDCC</a>)</h3>
<ul>
<li>On April 1, B of A Securities downgraded the stock from Buy to Underperform and lowered its price target from $140 to $100. The company&rsquo;s stock fell around 9% over the past five days. It <a href="https://www.benzinga.com/quote/IDCC"> has a 52-week low </a> of $66.82.</li>
<li>RSI Value: 26.92</li>
<li>IDCC Price Action: Shares of InterDigital fell 0.8% to close at $95.84 on Wednesday.</li>
</ul>
<h3>Dropbox, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dbx#NASDAQ">DBX</a>)</h3>
<ul>
<li>On March 22, Citigroup analyst Steven Enders maintained Dropbox with a Neutral and lowered the price target from $31 to $27. The company&rsquo;s stock fell around 4% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/DBX"> low of $19.55.</a></li>
<li>RSI Value: 28.89</li>
<li>DBX Price Action: Shares of Dropbox fell 1.8% to close at $23.48 on Wednesday.</li>
</ul>
<h3>Digital Turbine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apps#NASDAQ">APPS</a>)</h3>
<ul>
<li>On Feb. 7, Digital Turbine reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS and revenue guidance below estimates. The company&rsquo;s shares lost around 28% over the past month. The company&rsquo;s 52-week low is $2.27.</li>
<li>RSI Value: 24.29</li>
<li>APPS Price Action: Shares of Digital Turbine fell 2.5% to close at $2.30 on Wednesday.</li>
</ul>
<h3>MongoDB, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdb#NASDAQ">MDB</a>)</h3>
<ul>
<li>On March 28, Tigress Financial analyst Ivan Feinseth maintained MongoDB with a Buy and raised the price target from $495 to $500. The company&rsquo;s shares fell around 23% over the past month. The company <a href="https://www.benzinga.com/quote/MDB"> has a 52-week low </a> of $198.72.</li>
<li>RSI Value: 25.98</li>
<li>MDB Price Action: Shares of MongoDB fell 2.3% to close at $339.82 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38083957/rpm-international-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earn"> RPM International Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>

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General

Luna Innovations' Scott Graeff Has Retired From His Role As President And CEO And Has Stepped Down From The Board Of Directors, Leaving The Company After 21 Years. The Board Has Initiated A Search For A New President And CEO

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>CalAmp Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/camp#NASDAQ">CAMP</a>)</h3>
<ul>
<li>On Jan. 26, CalAmp announced a 1-for-23 reverse stock split. The company&rsquo;s stock fell around 15% over the past five days and has a <a href="https://www.benzinga.com/quote/CAMP">52-week low of $2.29 </a>.</li>
<li>RSI Value: 19.61</li>
<li>CAMP Price Action: Shares of CalAmp fell 5.5% to close at $2.74 on Wednesday.</li>
</ul>
<h3>Luna Innovations Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/luna#NASDAQ">LUNA</a>)</h3>
<ul>
<li>On March 12, Luna Innovations announced that it will delay the release of its fourth-quarter and FY23 financial results. and said financial statements for the quarters ended Jun. 30 and Sept. 30 should no longer be relied upon. The company&rsquo;s stock fell around 45% over the past month. It <a href="https://www.benzinga.com/quote/LUNA"> has a 52-week low </a> of $3.56.</li>
<li>RSI Value: 25.18</li>
<li>LUNA Price Action: Shares of Luna Innovations gained 1% to close at $3.92 on Wednesday.</li>
</ul>
<h3>Methode Electronics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mei#NYSE">MEI</a>)</h3>
<ul>
<li>On March 7, Methode Electronics reported worse-than-expected third-quarter financial results and suspended guidance. The company&rsquo;s stock fell around 44% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/MEI"> low of $11.26.</a></li>
<li>RSI Value: 20.77</li>
<li>MEI Price Action: Shares of Methode Electronics gained 1.9% to close at $12.23 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/03/37863691/investor-sentiment-improves-following-feds-decision-dow-jumps-400-points"> Investor Sentiment Improves Following Fed&#39;s Decision, Dow Jumps 400 Points </a>

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Business leaders often talk about thinking big. But when it comes to nanotech stocks, the future is all about focusing on the small things.



According to the European Commission, nanotechnology represents a <a href="https://ec.europa.eu/health/scientific_committees/opinions_layman/en/nanotechnologies/l-2/1-introduction.htm#:~:text=Nanotechnology%20refers%20to%20the%20branch,of%20a%20millimetre)%20or%20less.">scientific and engineering discipline</a> that&rsquo;s &ldquo;devoted to designing, producing, and using structures, devices, and systems by manipulating atoms and molecules at nanoscale.&rdquo; Nanoscales refer to having one or more dimensions of the order of 100 nanometers (or 100 millionth of a millimeter).



Stated differently, nanotechnology centers on density; that is, being able to pack various capacities in an extremely small space. According to Grand View Research, this field features enormous potential and applications across various scientific domains, including chemistry, biomedical science, mechanics and materials science.



In terms of hard numbers, the global nanotech market <a href="https://www.grandviewresearch.com/industry-analysis/nanotechnology-market-report">reached a valuation of $3.69 billion in 2022</a>. By 2030, the ecosystem could be worth $36.85 billion, or a compound annual growth rate (CAGR) of 33.1%. With projected expansion like that, it pays to at least consider these nanotech stocks.



<h2>Veeco Instruments (VECO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600c-300x169.jpg" alt="AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks. Semiconductors Stocks to Sell"><div>Source: Shutterstock</div></div>Based in Plainview, New York, Veeco Instruments (NASDAQ:<a href="https://investorplace.com/stock-quotes/veco-stock-quote/">VECO</a>) falls under the semiconductor sector; specifically, it works in the field of semiconductor equipment and materials. Per its public profile, Veeco focuses on thin film process equipment primarily to develop electronic devices. It&rsquo;s one of the top nanotech stocks thanks to the microscopic precision needed to develop these high-performance semiconductor devices.



To be sure, VECO stock has already enjoyed a robust performance so far this year. However, it&rsquo;s one of the small middle-capitalization plays, making it an intriguing idea for the long haul. One aspect that&rsquo;s impressive is its financial performance. Between the second quarter of 2023 to Q1 2024, the company&rsquo;s average earnings per share reached 46.3 cents. This translated to an earnings surprise of 23.6%.



During the trailing 12 months, Veeco did incur a net loss of $17.25 million or 36 cents per share. However, revenue hit $687.41 million. Overall, for fiscal 2024, covering experts anticipate a recovery, with EPS possibly rising 7.1% to hit $1.81. Further, sales could increase by 8% to hit $719.47 million. Therefore, VECO makes a solid case for nanotech stocks to consider.



<h2>Bruker (BRKR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/brkr-1600-300x169.jpg" alt="Bruker sign and logo at office of manufacturer of scientific instruments for molecular and materials research company"><div>Source: Michael Vi / Shutterstock.com</div></div>Headquartered in Billerica, Massachusetts, Bruker (NASDAQ:<a href="https://investorplace.com/stock-quotes/brkr-stock-quote/">BRKR</a>) falls under the healthcare sector, specifically dealing with medical devices. <a href="https://stockanalysis.com/stocks/brkr/company/">Per its corporate profile</a>, Bruker with its subsidiaries develops, manufactures and distributes scientific instruments, along with analytical and diagnostic solutions. Many of its tools &ndash; such as electronic microscopes &ndash; are vital for nanotechnology research and development.



Financially, BRKR stock makes a case for top nanotech stocks thanks to its consistency of performance. Between Q2 2023 to Q1 2024, the company&rsquo;s average EPS reached 64.3 cents. This translated to an average earnings surprise of 13.63%. Notably, the company beat all of the past four of its bottom-line profitability targets.



During the TTM period, Bruker posted net income of $401.6 million, translating to earnings of $2.73 per share. Revenue during this cycle reached $3 billion. For fiscal 2024, analysts anticipate on average a slight dip in EPS to $2.66. However, revenue could see a 14% rise from the prior year to hit $3.38 billion.



In fiscal 2025, EPS could move up 18% to land at $3.14. On the top line, revenue may see an 8.6% lift to reach $3.67 billion. All in all, BRKR makes another solid case for nanotech stocks.



<h2>Luna Innovations (LUNA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/shutterstock_1926453779-300x169.png" alt="top Tech stocks to watch : Double exposure of man's hands holding and using a phone and financial graph drawing. tech stocks"><div>Source: Peshkova / Shutterstock</div></div>If you want to dive into the extremely speculative side of the sector, consider Luna Innovations (NASDAQ:<a href="https://investorplace.com/stock-quotes/luna-stock-quote/">LUNA</a>). Falling under the technology sphere, Luna is involved in the scientific and technical instruments industry. <a href="https://stockanalysis.com/stocks/luna/company/">According to its profile</a>, Luna provides fiber optic tests, measurements and control products worldwide. Its advanced optical solutions feature relevance for entities seeking nanoscale measurements and monitoring.



To be fair, Luna&rsquo;s speculative nature shows when it comes to its earnings performances. It hasn&rsquo;t been hit or miss. Rather, it&rsquo;s been more miss or not miss. However, the company does enjoy generally positive analyst coverage that goes back to November of last year. The latest call from Needham&rsquo;s Alex Henderson is a &ldquo;buy&rdquo; with an $8 price target, which is massive.



During the TTM period, Luna posted a net loss of $1.12 million, or three cents per share. Revenue in the cycle landed at $116.61 million. Now, due to <a href="https://cardinalnews.org/2024/04/19/roanoke-based-luna-innovations-says-more-financial-statements-are-unreliable/">accounting errors</a>, some of the numbers that have been broadcasted are not fully reliable. Obviously, that&rsquo;s a concern.



Still, if you want to take the risk, analysts see fiscal 2024 revenue to rise to $165.24 million. That&rsquo;s a sizable leap from <a href="https://www.gurufocus.com/stock/LUNA/financials?search=luna">prior top-line performances</a>, making it a high-leverage gamble among nanotech stocks.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/rags-to-riches-3-nanotech-stocks-that-could-make-early-investors-rich/">Rags to Riches: 3 Nanotech Stocks That Could Make Early Investors Rich</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Luna Innovations (LUNA) just unveiled an announcement. Richard Roedel has stepped down from his roles as Interim Executive Chairman, Interim Presid...

Luna Innovations Announces Leadership Changes and Board Update

Luna Innovations (LUNA) has shared an announcement. Luna Innovations Incorporated secured a $15 million delayed-draw term loan facility with White ...

Luna Innovations Secures Loan, Appoints New CEO

Luna Innovations names new CEO

Luna Innovations receives additional notice from Nasdaq regarding late filing of quarterly report on Form 10-Q

An announcement from Luna Innovations (LUNA) is now available. Luna Innovations Incorporated is facing compliance issues with Nasdaq due to delays ...

Luna Innovations Struggles with Nasdaq Compliance and Delisting Risk

Luna Innovations receives Nasdaq staff determination letter

Luna Innovations ( ($LUNA) ) has issued an announcement. Luna Innovations Incorporated faces potential delisting from Nasdaq after failing to file ...

Luna Innovations Risks Nasdaq Delisting Over Report Delays

Luna Innovations appoints William Phelan as CFO and chief accounting officer

Luna Innovations ( ($LUNA) ) has issued an announcement. Luna Innovations Incorporated announces the retirement of CFO John C. Roiko, effective Oct...

Luna Innovations Announces CFO Transition to William Phelan

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Press Releases

DEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Luna

DEADLINE TODAY: The Schall Law Firm Encourages Investors in Luna Innovations Incorporated with Losses to Contact the Firm

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 31, 2024 in Luna Innovations Lawsuit – LUNA

Legal

LUNA Stockholders: Robbins LLP is Investigating the Officers and Directors of Luna Innovations Incorporated; Contact the Firm for More Information

Luna Announces Appointment of Kevin Ilcisin as CEO, Retirement of Richard Roedel and $15 Million Credit Facility from White Hat Capital Partners

Luna Innovations Announces Receipt of Additional Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q

LUNA INNOVATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Luna Innovation, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Luna Innovations Announces Receipt of Nasdaq Staff Determination Letter

Luna Innovations Announces CFO Transition: Names William Phelan as Chief Financial Officer and Chief Accounting Officer

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