Zscaler rings the opening bell on the Nasdaq exchange in New York on March 16, 2018.
Source: Nasdaq
Check out the companies making headlines in afternoon trading.
Zscaler — Despite Zscaler posting strong results, shares of the cloud security company declined 11% following its quarterly earnings report. Earnings and revenue were stronger than analysts’ expectations. The company also forecast better-than-expected earnings and revenue for its fiscal second quarter and full year.
marvel technology — The semiconductor stock fell 4% after the company reported weaker-than-expected earnings and revenue for its most recent quarter. Its outlook for fourth-quarter revenue also came in below analysts’ expectations.
Doordash – Shares of the food delivery service operator fell more than 2% after following Downgraded from RBC Capital Markets, The firm cited slow order growth, calling it “too important to ignore” and intense competition from Uber.
Posture — Shares of the work management platform operator fell nearly 11% after the company reported a loss in the most recent quarter, though it was lower than expected. The company also issued weaker-than-expected guidance for fourth-quarter revenue.
pager duty – Shares of the IT company rose over 7% after reporting a modest profit in the third quarter, beating analysts’ expectations of a loss. Its revenue came better than expected.
enphase energy — Shares of energy name Enphase rose 6% on Friday and hit a 52-week high after the company made the announcement. group of microinverters in europe,
Horizon Therapeutics — Horizon Therapeutics shares rose 3.2% after Sanofi reportedly said if it decided to make a bid for the biotech company, it would An all-cash offer. earlier this week, Kshitij said that his board is engaged In preliminary discussions with three pharma giants for possible acquisition proposals.
solaredge Shares of the clean energy company climbed 5.3% after the Commerce Department released a preliminary report. Chinese solar manufacturer Bypassing tariffs. Israel-based SolarEdge was not named in the announcement.
Chinese stocks – shares of Chinese retail stocks baidu while 5% gained JD.com And pinduoduo Investors rose 6.4% and 4.6%, respectively, on signs of easing Covid restrictions in China. netageA Chinese Internet company also gained 4.6%.
intel – Intel shares fell 3% after the chipmaker offered three months of unpaid leave to its employees in Ireland as a cost-cutting measure. reported the Financial Times.
sales force — Shares of the software giant fell more than 2% on Thursday after co-CEO Brett Taylor announced he was leaving the company, extending its losses to more than 8%. wolf research downgraded salesforce From outperform to peer performance, adding that the company is facing several hurdles apart from pressure from the tech industry.
— CNBC’s Tanya Machel, Michelle Fox and Jesse Pound contributed reporting