Monday, March 27, 2023

Stocks making the biggest moves after hours: Okta, Nutanix, Five Below and more

The within considered one of Five Below’s current areas.

Five Below

Check out the businesses making headlines after hours.

Pure Storage — The tech inventory jumped 7% after the info storage developer surpassed revenue and income expectations. Pure Storage additionally issued sturdy third-quarter and full-year income steering.

Okta — Shares dropped 10% regardless of the id administration firm posting a beat on the highest and backside traces in its second-quarter outcomes. Okta’s third-quarter and full-year income steering was additionally in keeping with expectations.

Nutanix — The cloud computing inventory surged 21% after Nutanix exceeded expectations in its quarterly outcomes and issued sturdy income steering.

MongoDB — Shares declined 8% after the doc database firm forecasted a wider-than-expected loss in its third-quarter steering. Otherwise, MongoDB posted a revenue and income beat in its most up-to-date quarter.

Five Below — Shares rose 4.4% regardless of the low cost retailer lacking earnings and income expectations in its most up-to-date quarterly outcomes. Five Below additionally issued weak steering for the third quarter and the total yr.

Disney — The inventory superior 1.5% after a Wall Street Journal report, citing folks accustomed to the matter, stated the Walt Disney Company is exploring a membership program just like Amazon Prime. The perks would encourage clients to spend extra on streaming, resorts and merchandise, the report stated.

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