The sun has risen on Okta, Inc. OKTA, shining bright in the domain of pre-market trading. Like a phoenix from the ashes, Okta shares soared to new heights after unveiling fourth-quarter financial results that dazzled investors and painting a future with strokes of strong guidance.
Okta beat the odds, surpassing the analyst consensus estimate by reporting quarterly earnings of 63 cents per share, outshining the predicted 51 cents. Sales figures danced to a tune of $605 million, outperforming the analyst consensus estimate of $587.5 million, according to data from Benzinga Pro.
The Okta saga continues as shares leaped an impressive 23.6% to $107.90 in the pre-market trading realm.
Now, let’s take a peek at some of the other stars gracing the pre-market trading stage.
The Bright Side: Gainers
- Volcon, Inc. VLCN set the sky ablaze with a staggering 138% ascent to $2.88 in pre-market trading, following a 39% surge on Wednesday.
- Societal CDMO, Inc. SCTL joined the victorious ranks, rising 134.7% to $1.08 in pre-market trading as it accepted the proposal of acquisition by CoreRx, Inc.
- J-Long Group Limited JL staged a comeback, surging 38.1% to $17.67 in pre-market trading after encountering a 20% setback on Wednesday.
- Voyager Therapeutics, Inc. VYGR ascended 24.4% to $11.16 in pre-market trading after delivering fourth-quarter financial results that surpassed expectations.
- Nxu, Inc. NXU regained its footing, rising 21.8% to $0.8649 in pre-market trading as it announced full compliance with Nasdaq’s continued listing requirements.
- Duolingo, Inc. DUOL joined the winners’ circle, gaining 21.1% to $236.72 in pre-market trading after painting a bright financial picture for the fourth quarter and beyond.
- C3.ai, Inc. AI embraced the dawn, soaring 15.8% to $34.40 in pre-market trading after illuminating the financial realm with third-quarter results that outshone expectations.
- Indaptus Therapeutics, Inc. INDP rose 15.6% to $2.29 in pre-market trading, joining the constellation of gainers.
- NFT Limited MI embraced the light, jumping 15% to $0.2530 in pre-market trading.
The Other Side: Losers
- BYND Cannasoft Enterprises Inc. BCAN stumbled in the shadows, dipping 25.2% to $0.1522 in pre-market trading as the company embarks on production agreements for its EZ-G Device.
- Snowflake Inc. SNOW witnessed a 23% plunge to $177.17. A snowstorm of positive earnings for the fourth quarter was overshadowed by the retirement of CEO Frank Slootman, who will continue to guide as the chairman of the board. Sridhar Ramaswamy steps in as CEO and board member, effective immediately.
- WW International, Inc. WW tumbled 21.9% to $2.98 in pre-market trading following the company’s report on fourth-quarter financial results and the decision of director Oprah Winfrey not to seek re-election at the forthcoming annual meeting of shareholders.
- Envoy Medical, Inc. COCH took a dip of 19.7% to $2.82 in pre-market trading after a spectacular 190% leap on Wednesday.
- Butterfly Network, Inc. BFLY fluttered downwards by 18.2% to $1.21 in pre-market trading following a report of mixed fourth-quarter financial results.
- ESGL Holdings Limited ESGL stumbled with a 17.6% fall to $0.38 in pre-market trading after a 5% rise on Wednesday.
- Shoals Technologies Group, Inc. SHLS dipped 17.6% to $12.68 in pre-market trading after delivering fourth-quarter financial results below expectations and issuing FY24 revenue guidance that failed to meet estimates.
- Milestone Pharmaceuticals Inc. MIST took a downward turn of 15% to $1.81 in pre-market trading following its announcement of a proposed public offering of common shares and pre-funded warrants.
- Schrödinger, Inc. SDGR nosedived 15% to $26.66 in pre-market trading after delivering mixed fourth-quarter financial results.
- LivePerson, Inc. LPSN descended by 14.6% to $2.05 in pre-market trading post the fourth-quarter financial results revelation.
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