Thales share among the biggest declines of the CAC 40 ahead of its third quarter results
The defense electronics group is retreating in mid-afternoon trading, in a Paris market oriented downward. The stock is approaching the publication of its quarterly revenue, expected this week.
A stock at the bottom of the rankings, between its 20-day average and a support level at €215.70
Thales share loses 1.25% to €229.10 during the session, while the CAC 40 falls 0.67% and the SBF 120 drops 0.70%. The stock ranks in the lower part of the index table, while Sanofi leads the gains with +2.46%. However, it gains 2.92% over a week, a rebound that has placed it above its 20-day MA (€226.34, gap of +1.22%).
The two other averages remain above the price: the stock is trading 4.02% below its 50-day MA (€238.69) and 5.55% below its 200-day MA (€242.57). Over one month, the stock loses another 3.82%. The support level of €215.70 is located approximately 6% below the current price.
Third quarter revenue, expected on October 22, in a market under pressure
Thales publishes its third quarter 2026 revenue on October 22. The group emerges from a busy October filled with announcements: a service center opened in Japan, a radar selected by Danish Defense for the Faroe Islands, five air surveillance radars for Ireland, and a dividend interim payment of €1.05 per share. The session is taking place in a climate of caution on European markets, with the 10-year OAT yield at 4.93%, the highest level since 2004, and a spread of 1.51 points with the Bund.
Moody's is to review France's credit rating on October 23. Over one year, the stock is down 6.64%. The October 22 publication will indicate whether the group is maintaining its growth trajectory.
