What Happened?
Shares of data collaboration platform LiveRamp (NYSE: RAMP) jumped 8.3% in the morning session after the company reported strong third-quarter financial results that surpassed analyst expectations and raised its full-year revenue forecast. For the quarter, LiveRamp's total revenue grew 7.7% year-over-year to $199.8 million, beating Wall Street's projections. The company also posted an adjusted earnings per share of $0.55, which was 13.6% higher than analysts had anticipated. Looking ahead, LiveRamp provided an optimistic outlook by slightly lifting its revenue guidance for the full year to a midpoint of $811 million from a previous $808 million. This combination of beating current estimates and showing confidence in future performance drove positive investor sentiment.
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What Is The Market Telling Us
LiveRamp’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 29 days ago when the stock gained 3.5% on the news that confidence in the artificial intelligence market was renewed, pushing both the S&P 500 and Nasdaq to new all-time intraday highs. The rebound was led by chipmaker Nvidia, whose shares rose nearly 2% after its CEO confirmed that demand for computing has "gone up substantially" in recent months. These comments helped reassure the market that the AI boom is supported by genuine demand, calming fears that were sparked a day earlier by a report questioning the profitability of Oracle's cloud business. The rally was strong enough to put the information technology sector on pace for a fresh closing high. This upward momentum occurred despite potential headwinds from an ongoing U.S. government shutdown, which entered its second week.
LiveRamp is down 2.6% since the beginning of the year, and at $29.47 per share, it is trading 17.2% below its 52-week high of $35.61 from February 2025. Investors who bought $1,000 worth of LiveRamp’s shares 5 years ago would now be looking at an investment worth $387.61.
P.S. In tech investing, "Gorillas" are the rare companies that dominate their markets—like Microsoft and Apple did decades ago. Today, the next Gorilla is emerging in AI-powered enterprise software. Access the ticker here in our special report.
