Check out the companies making headlines yesterday:

Cloudflare (NYSE: NET): Cloud security and performance company Cloudflare (NYSE: NET) rose by 8.3% on Monday as investors moved to buy the dip in high-quality SaaS names that had become significantly oversold amid a fragile market rebound driven by cautious optimism surrounding U.S.-Iran ceasefire talks. See our full article here.

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Snap (NYSE: SNAP): Social network Snapchat (NYSE: SNAP) rose by 6.1% on Monday after a series of positive developments highlighted the company's progress in artificial intelligence (AI) and augmented reality (AR). See our full article here.

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Nabors Industries (NYSE: NBR): Drilling services company Nabors Industries (NYSE: NBR) rose by 4.1% on Monday after news of a planned U.S. blockade of the Strait of Hormuz sparked concerns over significant oil supply disruptions. See our full article here.

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Pegasystems (NASDAQ: PEGA): Low-code automation software company Pegasystems (NASDAQ: PEGA) rose by 3.1% on Monday after investors moved to buy the dip in SaaS names that had become significantly oversold amid a fragile market rebound driven by cautious optimism surrounding U.S.-Iran ceasefire talks. See our full article here.

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Avnet (NASDAQ: AVT): Electronic components distributor Avnet (NASDAQGS:AVT) rose by 5.7% on Monday after Truist Securities upgraded its rating on the stock to 'Buy' from 'Hold' and increased its price target. See our full article here.

Is now the time to buy Avnet? Access our full analysis report here, it's free.