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Shares of marketing and advertising platform technology company Criteo (NASDAQ: CRTO) soared 21% today after yesterday's earnings report persuaded several analysts to upgrade the company today.
Criteo reported earnings yesterday that marked a sharp 74% drop in net income from the year-ago quarter, but only a 10% drop in revenue. More importantly, the company said its net cash position rose 53% in spite of the impacts to the business from the COVID-19 pandemic, and several analysts took notice.