Shares of Okta, Inc. OKTA saw a meteoric rise in today’s pre-market trade session following the company’s stellar fourth-quarter financial performance announcement and robust guidance.
Okta outperformed market expectations with quarterly earnings of 63 cents per share, surpassing the analyst consensus of 51 cents per share. The quarterly sales figure of $605 million also exceeded the estimated $587.5 million, as reported by data from Benzinga Pro.
Propelled by this strong performance, Okta shares surged by an impressive 23.6% to reach $107.90 in pre-market trading.
Diving into the pre-market arena, several other stocks are capturing attention with their movements.
Winners
- Volcon, Inc. VLCN witnessed a staggering 138% surge to $2.88 in pre-market trading after a remarkable 39% jump on the previous day.
- Societal CDMO, Inc. SCTL shares soared 134.7% to $1.08 in pre-market trade following the announcement of its acquisition by CoreRx, Inc.
- J-Long Group Limited JL experienced a substantial 38.1% hike to $17.67 in pre-market trading after a slight dip on the previous day.
- Voyager Therapeutics, Inc. VYGR climbed 24.4% to $11.16 in pre-market trading post a resilient fourth-quarter financial report.
- Nxu, Inc. NXU experienced a healthy 21.8% upsurge to $0.8649 in pre-market trading as it stood completely compliant with Nasdaq’s listing requirements.
- Duolingo, Inc. DUOL surged 21.1% to $236.72 in pre-market trading after a strong quarterly performance announcement.
- C3.ai, Inc. AI rose by 15.8% to $34.40 in pre-market trading following an impressive third-quarter financial report.
- Indaptus Therapeutics, Inc. INDP climbed 15.6% to $2.29 in pre-market trade.
- NFT Limited MI saw a 15% jump to $0.2530 in pre-market trade session.
Losers
- BYND Cannasoft Enterprises Inc. BCAN witnessed a notable 25.2% dip to $0.1522 in pre-market trading, as the company finalizes production agreements for its EZ-G Device.
- Snowflake Inc. SNOW tumbled 23% to $177.17 after its upbeat fourth-quarter earnings announcement. The company disclosed CEO Frank Slootman’s decision to retire from the position, with Sridhar Ramaswamy appointed as the new CEO and board member.
- WW International, Inc. WW fell 21.9% to $2.98 in pre-market trading post its fourth-quarter financial results and Oprah Winfrey’s decision not to seek re-election as a director at the upcoming shareholders’ meeting.
- Envoy Medical, Inc. COCH saw a 19.7% decline to $2.82 in pre-market trading following a substantial 190% spike on the previous day.
- Butterfly Network, Inc. BFLY dropped 18.2% to $1.21 in pre-market trading after its mixed fourth-quarter financial results.
- ESGL Holdings Limited ESGL fell by 17.6% to $0.38 in pre-market trading, following a 5% gain on the previous day.
- Shoals Technologies Group, Inc. SHLS witnessed a 17.6% drop to $12.68 in pre-market trading post a disappointing fourth-quarter financial report and below-estimates FY24 revenue guidance.
- Milestone Pharmaceuticals Inc. MIST saw a 15% dip to $1.81 in pre-market trading following the announcement of a proposed public offering.
- Schrödinger, Inc. SDGR experienced a 15% decline to $26.66 in pre-market trading after its mixed fourth-quarter financial results.
- LivePerson, Inc. LPSN saw a 14.6% decline to $2.05 in pre-market trading following its fourth-quarter financial results.
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