AlightNYSE: ALIT

Investors need to pay close attention to Alight (ALIT) stock based on the movements in the options market lately.

Alight, Inc. (ALIT) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.14 per share a year ago.

Investors looking for stocks in the Internet - Software sector might want to consider either Alight, Inc. (ALIT) or Paycor HCM, Inc. (PYCR). But which of these two companies is the best option for those looking for undervalued stocks?

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that it has entered into an accelerated share repurchase agreement ("ASR") with Barclays Bank PLC to repurchase $75 million of Alight's common stock, as part of the Company's existing share repurchase program which had remaining authority of $168 million as of June 14, 2024. Under the terms of the ASR, Alight will make an initial paymen.

Alight (ALIT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Alight (ALIT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Investors interested in Internet - Software stocks are likely familiar with Alight, Inc. (ALIT) and F5 Networks (FFIV). But which of these two stocks is more attractive to value investors?

Investors need to pay close attention to Alight (ALIT) stock based on the movements in the options market lately.

Alight has a strong track record of exceeding earnings expectations and is currently positioned with the optimal elements for a potential beat in its upcoming quarterly report.