People celebrate the GitLab initial public offering at the Nasdaq, Oct. 14, 2021.
Source: Nasdaq
Discover the Stocks Making Waves in After-Hours Trading
Zscaler — The cloud security stock declined 1% despite an impressive performance in its fiscal fourth quarter and strong current-quarter guidance. Zscaler reported adjusted earnings of 64 cents per share, surpassing the analysts’ estimate of 49 cents. Additionally, its revenue of $455 million exceeded the consensus forecast by $25 million. Furthermore, the company stated that both earnings and revenue for the current quarter are expected to exceed analysts’ predictions.
GitLab — The technology platform surged 4% after an impressive second-quarter report and strong current-quarter guidance. GitLab reported adjusted earnings of 1 cent per share on revenue of $140 million, exceeding analysts’ expectations of a loss of 3 cents per share and revenue of $130 million. The company’s outlook for current-quarter revenue also surpassed analysts’ forecasts.
Gogo — The broadband stock rose 3.5% after announcing the approval of a $50 million share repurchase program.
Asana — Despite a strong report and outlook, the work management stock experienced a 2.8% decline. Asana reported a loss of 4 cents per share on revenue of $162 million, while analysts’ anticipated a loss of 11 cents per share and $158 million in revenue.
AeroVironment — Shares surged nearly 12% after the unmanned aircraft systems manufacturer surpassed analysts’ expectations in its fiscal first quarter. AeroVironment reported adjusted earnings of $1 per share on revenue of $152 million, while analysts’ estimates were earnings of 26 cents per share and revenue of $129 million.
— Contributed reporting by CNBC’s Darla Mercado.
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
