Articles in “NASDAQ”

Couchbase's (NASDAQ:BASE) Q1 Sales Top Estimates But Stock Drops 15% Cover Image
GitLab (GTLB) Shares Skyrocket, What You Need To Know Cover Image
GitLab (NASDAQ:GTLB) Exceeds Q1 Expectations, Stock Soars Cover Image
Why Is Palo Alto Networks (PANW) Stock Soaring Today Cover Image
The Trade Desk (TTD) Shares Skyrocket, What You Need To Know Cover Image
Datadog (DDOG) Stock Trades Up, Here Is Why Cover Image
MongoDB (MDB) Stock Trades Up, Here Is Why Cover Image
No Surprises In Broadcom's (NASDAQ:AVGO) Q2 Sales Numbers, Provides Encouraging Quarterly Guidance Cover Image
Zscaler's (NASDAQ:ZS) Q3 Sales Top Estimates, Next Quarter Growth Looks Optimistic Cover Image
MongoDB (NASDAQ:MDB) Surprises With Strong Q1, Stock Jumps 13.7% Cover Image
Nvidia (NVDA) Shares Skyrocket, What You Need To Know Cover Image
Why Okta (OKTA) Shares Are Sliding Today Cover Image
Why Okta (OKTA) Shares Are Sliding Today

Petr Huřťák 2023/06/01 2:02pm


What Happened: Shares of identity management software maker Okta (OKTA) fell 14% in the after-market session after the company reported first quarter results that exceeded analysts' revenue, subscription revenue, adjusted operating profit, free cash flow, and earnings per share (EPS) expectations. Margin improved significantly. Additionally revenue guidance for the next quarter and full year also came in ahead of Consensus. Operating income guidance for the next quarter and full year were roughly inline. The key negative was that cRPO (current remaining performance obligations) guidance for the next quarter was below, and since since this a leading indicator of revenue, it seemed to drive the narrative and stock action. Additionally, management acknowledged the existence of macro challenges, particularly in new business acquisition across both small and medium-sized businesses (SMB) and enterprise segments. The company reported a shift in customer preferences, with requests for shorter contract terms and a greater emphasis on upsells rather than new business, resulting in smaller average deal sizes. Following the results, J.P. Morgan analysts downgraded the stock's rating from Overweight (Buy) to Neutral (Hold) and lowered the price target from $95 to $85. The analysts attributed the downgrade to macroeconomic pressures impacting the company's growth prospects. Similarly, BMO Capital analysts downgraded the stock's rating from Outperform (Buy) to Market Perform (Hold) and lowered the price target from $94 to $85. ... Continue Reading Continue Reading
Why nCino (NCNO) Shares Are Sliding Today Cover Image
Why CrowdStrike (CRWD) Stock Is Down Today Cover Image
Why CrowdStrike (CRWD) Stock Is Down Today

Jabin Bastian 2023/06/01 2:02pm


What Happened: Shares of cybersecurity company CrowdStrike (NASDAQ:CRWD) fell 13.1% in the after-market session after the company reported first-quarter results that exceeded analysts' expectations for revenue, annual recurring revenue (ARR), free cash flow, and earnings per share. Gross margin also improved. However, there was a notable setback in terms of billings, which serves as a crucial leading indicator for near-term sales growth. Billings fell 12% below expectations. Management provided more color on the billings outlook during the earnings call noting that "given the timing of expenses, billing seasonality, and the midyear ESPP purchase, the second quarter is generally our lowest cash flow generation quarter of the year. This year we expect to see more pronounced seasonality." Additionally, CFO Burt Podbere pointed out that the company continued to observe "increased deal scrutiny and longer than typical sales cycles." Despite these, guidance was impressive. Revenue, operating income and earnings per share guidance for the next quarter and full year were ahead of Consensus, and the company raised the full year revenue and earnings per share outlook. CrowdStrike also Introduced Charlotte AI, a new generative AI security analyst. Overall, it was a strong quarter although a billings miss is never a good sign for a fast-growing SaaS company. Additionally, the markets were either expecting more (there is whisper that net new ARR, which was down year on year, was expected to be better), or the results were already priced in. ... Continue Reading Continue Reading
nCino's (NASDAQ:NCNO) Posts Q1 Sales In Line With Estimates But Full Year Guidance Underwhelms Cover Image
CrowdStrike (NASDAQ:CRWD) Beats Q1 Sales Targets But Stock Drops Cover Image
Okta (NASDAQ:OKTA) Surprises With Q1 Sales But Stock Drops 12.4% Cover Image
Why Intel (INTC) Stock Is Up Today Cover Image
Nvidia (NVDA) Shares Skyrocket, What You Need To Know Cover Image
Broadcom (AVGO) Shares Skyrocket, What You Need To Know Cover Image
Why Workday (WDAY) Stock Is Trading Up Today Cover Image
Marvell Technology (MRVL) Stock Trades Up, Here Is Why Cover Image
Domo's (NASDAQ:DOMO) Posts Q1 Sales In Line With Estimates But Quarterly Guidance Underwhelms Cover Image
Marvell Technology (NASDAQ:MRVL) Exceeds Q1 Expectations, Stock Jumps 15.4% Cover Image
Autodesk's (NASDAQ:ADSK) Posts Q1 Sales In Line With Estimates But Quarterly Guidance Underwhelms Cover Image
Why Is AMD (AMD) Stock Soaring Today Cover Image
Why Is Applied Materials (AMAT) Stock Soaring Today Cover Image
Why Is Applied Materials (AMAT) Stock Soaring Today

Radek Strnad 2023/05/25 6:02pm


What Happened: Shares of maker of machinery employed in semiconductor manufacturing, Applied Materials (NASDAQ:AMAT) jumped 5.24% in the morning session after competitor, Nvidia, delivered an exceptional quarter that topped analysts' estimates across key metrics. Revenue surpassed expectations by an impressive 10.3%, driven by a record-breaking data center revenue of $4.28 billion. Notably, the company exhibited improved profitability, with both gross margin and operating margin outperforming expectations. Earnings per share beat by an impressive 18.8%. Inventory levels experienced a meaningful decrease during the quarter. In addition to the outstanding quarterly results, the revenue guidance for the next quarter surpassed expectations by over 50%. Similarly, the operating profit guidance exceeded Consensus estimates. Founder and CEO Jensen Huang emphasized the ongoing transformations in the computer industry, particularly the advancements in accelerated computing and generative AI. He highlighted Nvidia's readiness to seize the opportunities presented by the anticipated trillion-dollar shift in global data center infrastructure from general-purpose to accelerated computing, as firms implement generative AI into their business operations. Overall, the company's blowout quarter, with its impressive revenue growth, enhanced profitability, and positive guidance, underscored its strength in the market. Applied Materials is a semiconductor company, and considered a peer of Nvidia. ... Continue Reading Continue Reading
Marvell Technology (MRVL) Shares Skyrocket, What You Need To Know Cover Image
Marvell Technology (MRVL) Shares Skyrocket, What You Need To Know

Petr Huřťák 2023/05/25 6:02pm


What Happened: Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) jumped 6.41% in the mid-day session after competitor, Nvidia, delivered an exceptional quarter that topped analysts' estimates across key metrics. Revenue surpassed expectations by an impressive 10.3%, driven by a record-breaking data center revenue of $4.28 billion. Notably, the company exhibited improved profitability, with both gross margin and operating margin outperforming expectations. Earnings per share beat by an impressive 18.8%. Inventory levels experienced a meaningful decrease during the quarter. In addition to the outstanding quarterly results, the revenue guidance for the next quarter surpassed expectations by over 50%. Similarly, the operating profit guidance exceeded Consensus estimates. Founder and CEO Jensen Huang emphasized the ongoing transformations in the computer industry, particularly the advancements in accelerated computing and generative AI. He highlighted Nvidia's readiness to seize the opportunities presented by the anticipated trillion-dollar shift in global data center infrastructure from general-purpose to accelerated computing, as firms implement generative AI into their business operations. Overall, the company's blowout quarter, with its impressive revenue growth, enhanced profitability, and positive guidance, underscored its strength in the market. Marvell is a semiconductor company, and considered a peer of Nvidia. ... Continue Reading Continue Reading
Why Are Nvidia (NVDA) Shares Soaring Today Cover Image
Why Are Nvidia (NVDA) Shares Soaring Today

Kayode Omotosho 2023/05/25 1:25pm


What Happened: Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 23.7% in the pre-market session after the company delivered an exceptional quarter that topped analysts' estimates across key metrics. Revenue surpassed expectations by an impressive 10.3%, driven by strong data center revenue. Notably, the company improved profitability, with both gross margin and operating margin outperforming expectations. Earnings per share (EPS) beat by an impressive 18.8%. Inventory levels experienced a nice decrease during the quarter. In addition to the outstanding quarterly results, the revenue guidance for the next quarter surpassed expectations by over 50%. Yes, that's not a typo. Similarly, the operating profit guidance exceeded Consensus estimates meaningfully. Founder and CEO Jensen Huang emphasized the ongoing transformations in the computer industry, particularly the advancements in accelerated computing and generative AI. He highlighted Nvidia's readiness to seize the opportunities presented by the anticipated trillion-dollar shift in global data center infrastructure from general-purpose to accelerated computing, as firms implement generative AI into their business operations. Overall, the company's blowout quarter, with its impressive revenue growth, enhanced profitability, and positive guidance, underscored its strength in the market. Nothing in this world is perfect, but this was a near-perfect quarter. ... Continue Reading Continue Reading
Nvidia (NASDAQ:NVDA) Beats Expectations in Strong Q1, Stock Jumps 14.3% Cover Image
Why Intuit (INTU) Shares Are Getting Obliterated Today Cover Image
Why Analog Devices (ADI) Stock Is Falling Today Cover Image
Why Is Palo Alto Networks (PANW) Stock Rocketing Higher Today Cover Image
Why Is Photronics (PLAB) Stock Rocketing Higher Today Cover Image
Analog Devices (NASDAQ:ADI) Q2: Beats On Revenue But Quarterly Guidance Underwhelms Cover Image
Photronics (NASDAQ:PLAB) Beats Expectations in Strong Q2, Next Quarter Sales Guidance Is Optimistic Cover Image
Palo Alto Networks's (NASDAQ:PANW) Posts Q3 Sales In Line With Estimates Cover Image
Why Angi (ANGI) Stock Is Up Today Cover Image
Why Are Broadcom (AVGO) Shares Soaring Today Cover Image
Why Is Zoom Video (ZM) Stock Rocketing Higher Today Cover Image
Zoom Video (NASDAQ:ZM) Surprises With Q1 Sales, Gross Margin Improves Cover Image
Applied Materials (NASDAQ:AMAT) Q2: Strong Sales, Provides Encouraging Quarterly Guidance Cover Image
Why SciPlay (SCPL) Stock Is Up Today Cover Image
Why AppLovin (APP) Stock Is Up Today Cover Image
Why WalkMe (WKME) Shares Are Sliding Today Cover Image
Why Wix (WIX) Stock Is Up Today Cover Image
Why Agilysys (AGYS) Shares Are Falling Today Cover Image
WalkMe (NASDAQ:WKME) Posts Better-Than-Expected Sales In Q1 But Stock Drops 19.3% Cover Image
Wix (NASDAQ:WIX) Q1: Beats On Revenue, Provides Encouraging Quarterly Guidance Cover Image
Agilysys (NASDAQ:AGYS) Exceeds Q4 Expectations Cover Image
Why AMD (AMD) Stock Is Up Today Cover Image
Why Are Upstart (UPST) Shares Soaring Today Cover Image
Why The RealReal (REAL) Stock Is Up Today Cover Image
Western Digital (WDC) Stock Trades Up, Here Is Why Cover Image
Why Are Monday.com (MNDY) Shares Soaring Today Cover Image
Monday.com (NASDAQ:MNDY) Exceeds Q1 Expectations, Stock Jumps 12% Cover Image
Why Himax (HIMX) Shares Are Falling Today Cover Image
Alarm.com (ALRM) Stock Trades Up, Here Is Why Cover Image
Why Are Entegris (ENTG) Shares Soaring Today Cover Image