Today's Morning Movers and Top Ratings: COIN, SMCI, TWLO and More
Morning Movers
Gapping up
$Coinbase (COIN.US)$ jumped 8% after JPMorgan upgraded the cryptocurrency exchange platform to neutral from underweight, citing rising cryptocurrency prices. On Wednesday, Bitcoin regained a $1 trillion market cap as it reached a more than two-year high. On Thursday, Bitcoin was last higher by more than 1%.
$TripAdvisor (TRIP.US)$ climbed nearly 5% after the online booking company beat Wall Street estimates on the top and bottom line in the fourth-quarter. Tripadvisor reported an adjusted 38 cents per share on $390 million in revenue, while analysts polled by LSEG forecast 22 cents and $374 million, respectively.
$JFrog (FROG.US)$ climbed more than 19% after fourth-quarter results surpassed Wall Street estimates. JFrog reported an adjusted 19 cents per share on $97 million in revenue, against estimates from analysts polled by FactSet that called for 12 cents and revenue of $93 million.
$Shake Shack (SHAK.US)$ climbed nearly 17% after the firm beat Wall Street estimates on the top and bottom line. Shake Shack reported an adjusted $0.02 per share on revenue of $286.24 million in the fourth-quarter, while analysts polled by LSEG forecast $0.01 and $280.3 million, respectively.
$Super Micro Computer (SMCI.US)$ gained more than 4% after Bank of America initiated coverage of the information technology stock with a buy rating. The firm said Super Micro will be a key beneficiary of artificial intelligence opportunities moving forward, and said the firm could turn into a future partner for peers including Nvidia, AMD and Intel.
$MARA Holdings (MARA.US)$ jumped more than 4% after bitcoin regained a $1 trillion market capitalization and climbed to a two-year high.
Gapping down
$Twilio (TWLO.US)$ dropped nearly 11% after the consumer engagement company issued lower-than-expected revenue guidance for the current quarter. Twilio also reporter total active consumers for the fourth-quarter that were below Wall Street estimates.
$Cisco (CSCO.US)$ dropped 4.4% after the tech company posted a yearly decline in revenue during the fiscal second quarter. Cisco also issued lighter-than-expected guidance for the fiscal third quarter and announced a downsizing plan that would lead to a 5% reduction in jobs.
US Top Rating Updates on 02/15
Source: Benzinga, CNBC, Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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