Take a look at some of the biggest trends in pre-market:
Okta (OKTA) – Okta has put a 10.5% tank in pre-sale trading after announcing it is buying Auth0 messenger management software provider for $ 6.5 billion in stock. An identity management software provider also reported quarterly earnings of 6 cents per share, compared to consensus forecasts of a 1 percent share loss. Okta also gave a weaker-than-expected quarterly earnings outlook.
Marvell Technology (MRVL) – Marvell shares fell 5.9% in pre-sale after the chipmaker posted a disappointing outlook and said chip supply could remain tight throughout the fiscal year. Marvell matched estimates with its most recent quarterly earnings, with revenues coming in above analysts ’forecasts.
Vroom (VRM) – Vroom fell 14.9% in pre-sale activity after reporting a broader-than-expected loss for its most recent quarter, despite online car dealer revenue. in above the estimates.
BJ Wholesale – The warehouse vendor earned 70 cents per share for its most recent quarter, beating the 67 cents equity consensus estimate. Revenue projections also peaked, with a 15.9% relative ex-fuel store sales increase overcoming the 15.5% increase expected by analysts surveyed by FactSet. BJ refused to issue guidance for 2021 due to uncertainty related to pandemic. Its shares lost 1.6% in pre-sale trading.
Burlington Stores (BURL) – A clothing and other merchandise retailer reported quarterly earnings of $ 2.44 per share, 32 cents a share above estimates. Revenue was also higher than Wall Street forecasts. Inventory sales were relatively flat for the quarter compared to an expected 10% fall.
Ciena (CIEN) – The network equipment manufacturer made estimates with 7 cents a share, with a quarterly profit of 52 cents per share. Revenue also added auditors ’projections. Ciena shares fell 3.1% in pre-sale, despite forecasts.
Rocket Companies (RKT) – Rocket shares moved between profit and loss in pre-sale trading, following broad trends over the past few days. Quicken Loans parent stock fell 33% Wednesday after rising 71% the day before, amid increased attention in online finance forums. Shares rose 1.8% in pre-sale.
CureVac (CVAC) – German drug dealers’ shares rose 4.1% in the market after Novartis (NVS) said it would help CureVac make the Covid-19 vaccine once the drug approved by regulators.
Walt Disney (DIS) – Disney plans to close about 60 of its Disney brick-and-mortar store locations in North America by the end of the year, while shifting its focus to the United States. its e-commerce operations. There are currently around 300 stores worldwide. Disney shares fell 1% in pre-sale action.
General Electric (GE) – GE shares gained 2.2% in the pre-sale after Morgan Stanley raised its price target on the stock to a high of $ 17 per share from $ 13 a share, partially based on next -possible animation in GE’s aviation sector.
Amazon.com (AMZN) – Amazon is in talks with the National Football League to carry a large number of games exclusively on their Prime video service, according to people familiar with the matter. to the Wall Street Journal. The agreement could see Amazon see $ 1 billion for exclusive rights to most of Thursday’s games.
Avalanche (SNOW) – Avalanche lost nearly $ 199 million in the fourth quarter, more than double the loss of a cloud database software company a year ago. Revenues more than doubled in the quarter, heading to the top of the consensus forecasts. After the first public offering for a software company last year, the lockout on the sale of insider shares will end tomorrow.
American Eagle (AEO) – American Eagle surpassed estimates by 3 cents a share, with a quarterly profit of 39 cents per share. The clothing retailer’s revenue came in just above Wall Street’s forecasts. American Eagle is also forecasting best sales in their first quarter in three years, led by growth in the Aerie lounge and apparel brand. American Eagle rose 2.2% in pre-sales.
Walmart (WMT) – The Walmart Flipkart unit is exploring the idea of U.S. listing, possibly through a special purpose construction company (SPAC) union, according to people familiar with the case who spoke to Bloomberg. Walmart bought a majority stake in the Indian-based e-commerce company in 2018.
Splunk (SPLK) – The software analysis firm reported a quarterly profit of 38 cents per share, well above the consensus estimate of 4 cents per share. Splunk delivered better-than-expected revenue. Its shares gained 3.4% in pre-sale trading.