Today's Morning Movers and Top Ratings: NVAX, GEN, U, YELP and More

$Novavax(NVAX.US)$ The biotech firm's stock price skyrocketed by 114% after revealing a multi-billion dollar agreement with Sanofi to jointly market its Covid vaccine and collaborate on creating hybrid vaccines aimed at both Covid and influenza.

$Sweetgreen(SG.US)$ Shares of the salad chain surged by 5% after Sweetgreen announced a first-quarter revenue of $158 million, which exceeded the consensus estimate of $152 million from LSEG. The company's revenue projection was essentially consistent with what was anticipated.

$Gen Digital(GEN.US)$ The cybersecurity software firm's stock increased roughly 4%. Gen Digital, the parent company of LifeLock and Norton, posted an adjusted earnings of 53 cents per share for its fiscal fourth quarter, marking a 15% rise from the previous year. Meanwhile, the company's revenue rose 2% to $967 million compared to the same quarter last year.

$Bumble(BMBL.US)$ The online dating service's stock climbed over 2% following its report of first-quarter earnings and revenue that exceeded expectations. Bumble also expanded its stock buyback initiative, boosting it to $450 million from the previous $300 million. The company's leadership confirmed its annual revenue forecast, projecting an increase of 8% to 11% compared to the previous year, aligning with the consensus projection of 9.3% growth according to Factset.

$Akamai(AKAM.US)$ The cloud services provider's stock dropped over 10% following its announcement of a lower-than-expected outlook for the second quarter. Akamai anticipates its adjusted earnings to be between $1.51 and $1.56 per share, with expected revenue between $967 million and $986 million. This falls short of the predictions from analysts surveyed by LSEG, who estimated earnings of $1.63 per share and revenue to reach $1 billion.

$Unity Software(U.US)$ Shares in the technology company declined by 2% after the firm posted a first-quarter loss that was larger than analysts had anticipated. Unity recorded a per-share loss of 75 cents, which was more significant than the 63 cents forecasted by experts according to LSEG. Additionally, the company's outlook for a crucial profit indicator in the second quarter fell short of expectations.

$Yelp Inc(YELP.US)$ After the market closed on Thursday, the company's stock experienced a 2% decline when the restaurant review platform provided a second-quarter revenue outlook that was below expectations. Nevertheless, Yelp reported first-quarter earnings that surpassed forecasts, with revenue meeting analysts' projections.