$Okta (OKTA.US)$'s stock surged more than 25% following a stronger-than-expected quarter and a positive outlook for the current period. Bank of America double-upgraded the stock to a buy.
$C3.ai (AI.US)$The artificial intelligence software stock popped more than 15% on robust earnings. C3.ai posted a narrower-than-expected adjusted loss per share of 13 cents. Revenue also topped expectations.
$Duolingo (DUOL.US)$'s stock popped 20% after it reported fourth-quarter earnings and revenue that exceeded analysts' expectations. The company also issued strong revenue forecasts for the first quarter and full year.
$Birkenstock (BIRK.US)$'s stock rose more than 3% after it reported higher-than-expected revenue for the first fiscal quarter, although its earnings came in below expectations.
$Paramount Global-B (PARA.US)$'s stock moved 2% higher after the media company reported a surprise profit for the fourth quarter, and following reports that Warner Bros Discovery is no longer pursuing a merger with Paramount.
$Best Buy (BBY.US)$'s stock jumped 2.6% after it reported quarterly results that beat analyst expectations.
$Nutanix (NTNX.US)$'s stock rose 4% after it topped Wall Street's quarterly estimates.
$Pure Storage (PSTG.US)$'s stock rallied more than 9% on stronger-than-expected fourth-quarter earnings and upbeat first-quarter guidance.
Gapping down
$Snowflake (SNOW.US)$'s stock declined by 22.8% after it provided a weaker-than-expected revenue guidance for the first quarter and announced that its CEO, Frank Slootman, is retiring. The cloud data company's projected product revenue for the current period, ranging between $745 million and $750 million, fell short of the $759 million expected by analysts polled by StreetAccount. Additionally, Morgan Stanley downgraded the stock to equal weight.
$Salesforce (CRM.US)$'s slipped less than 1% after it topped Wall Street's fourth-quarter expectations but offered a weaker-than-expected revenue forecast for the new fiscal year.
$AMC Entertainment (AMC.US)$'s stock declined more than 10% despite topping Wall Street revenue estimates, as it posted a larger-than-expected loss per share.
$FIGS Inc (FIGS.US)$' stock slid 16% after fourth quarter sales came in lower than expected, and the announcement that its CFO is leaving in April.
$Celsius Holdings (CELH.US)$' stock declined 4.4% despite posting stronger-than-expected earnings and revenue for the fourth quarter.
$HP Inc (HPQ.US)$'s stock declined 2.2% after the tech company missed first-quarter revenue estimates due to slower demand in the personal computers market.
Source: CNBC; Investing.com
US Top Rating Updates on 02/29
Source: Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context, Show More
Moo Live
Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.