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Today's Morning Movers and Top Ratings: CRM, SNOW, AMC, AI and More

Movers and Shakers wrote a column · Feb 29 07:23
Morning Movers
Gapping up
$Okta(OKTA.US)$ 's stock surged more than 25% following a stronger-than-expected quarter and a positive outlook for the current period. Bank of America double-upgraded the stock to a buy.
$$ The artificial intelligence software stock popped more than 15% on robust earnings. posted a narrower-than-expected adjusted loss per share of 13 cents. Revenue also topped expectations.
$Duolingo(DUOL.US)$ 's stock popped 20% after it reported fourth-quarter earnings and revenue that exceeded analysts' expectations. The company also issued strong revenue forecasts for the first quarter and full year.
$Birkenstock(BIRK.US)$ 's stock rose more than 3% after it reported higher-than-expected revenue for the first fiscal quarter, although its earnings came in below expectations.
$Paramount Global-B(PARA.US)$ 's stock moved 2% higher after the media company reported a surprise profit for the fourth quarter, and following reports that Warner Bros Discovery is no longer pursuing a merger with Paramount.
$Best Buy(BBY.US)$ 's stock jumped 2.6% after it reported quarterly results that beat analyst expectations.
$Nutanix(NTNX.US)$ 's stock rose 4% after it topped Wall Street's quarterly estimates.
$Pure Storage(PSTG.US)$ 's stock rallied more than 9% on stronger-than-expected fourth-quarter earnings and upbeat first-quarter guidance.
Gapping down
$Snowflake(SNOW.US)$ 's stock declined by 22.8% after it provided a weaker-than-expected revenue guidance for the first quarter and announced that its CEO, Frank Slootman, is retiring. The cloud data company's projected product revenue for the current period, ranging between $745 million and $750 million, fell short of the $759 million expected by analysts polled by StreetAccount. Additionally, Morgan Stanley downgraded the stock to equal weight.
$Salesforce(CRM.US)$ 's slipped less than 1% after it topped Wall Street's fourth-quarter expectations but offered a weaker-than-expected revenue forecast for the new fiscal year.
$AMC Entertainment(AMC.US)$ 's stock declined more than 10% despite topping Wall Street revenue estimates, as it posted a larger-than-expected loss per share.
$FIGS Inc(FIGS.US)$ ' stock slid 16% after fourth quarter sales came in lower than expected, and the announcement that its CFO is leaving in April.
$Celsius Holdings(CELH.US)$ ' stock declined 4.4% despite posting stronger-than-expected earnings and revenue for the fourth quarter.
$HP Inc(HPQ.US)$ 's stock declined 2.2% after the tech company missed first-quarter revenue estimates due to slower demand in the personal computers market.
Source: CNBC;
US Top Rating Updates on 02/29
Today's Morning Movers and Top Ratings: CRM, SNOW, AMC, AI and More
Source: Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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