Take a look at some of the biggest movers in the premarket:
DocuSign (DOCU) – DocuSign stock rose 6.8% in pre-market trading after the company beat Wall Street forecasts by 16 cents per share, with quarterly earnings of 44 cents per share. Revenue also exceeded estimates and DocuSign was optimistic as more companies adopt its electronic signature technology.
Five Below (FIVE) – The discounter’s shares rose 5.7% ahead of the IPO after earnings and sales significantly exceeded Street’s forecasts in the first quarter. Sales in comparable stores increased by 162% compared to the same quarter of the previous year.
MongoDB (MDB) – The database platform vendor lost 15 cents a share in the last quarter, less than half of the 37 cents a share analysts had expected. Revenue also beat estimates as subscription sales increased 40% and the company forecast a lower-than-expected loss for the full year. The share rose 6.2% before the IPO.
Lululemon (LULU) – The sportswear and casual wear retailer reported quarterly earnings of $ 1.16 per share, compared to a consensus estimate of 91 cents per share. Revenue also beat forecasts as Lululemon benefited from both a return of customers to physical locations and an increase in ecommerce sales. There was also an optimistic forecast.
Broadcom (AVGO) – The chip maker beat estimates by 19 cents per share, with quarterly earnings of $ 6.62 per share. Sales were slightly above forecasts. Broadcom also gave a better than expected outlook, aided by the continued adoption of 5G technology.
ChargePoint (CHPT) – Electric vehicle charging network shares rose 1.1% pre-trading, despite posting an unexpectedly large loss in the most recent quarter. However, sales exceeded Wall Street forecasts, and ChargePoint also stuck to its previous sales outlook for 2021. Before the IPO, the shares rose by 2%.
CrowdStrike (CRWD) – The cybersecurity firm beat Wall Street forecasts by 4 cents per share, with quarterly earnings of 10 cents per share. Revenue also exceeded analyst projections as CrowdStrike added more than 1,500 net new customers by subscription.
AMC Entertainment (AMC) – AMC fell 3.7% in the premarket after the cinema operator sold the second stake within a week to raise funds. The stock was down nearly 18% on Thursday after the sale was announced, which followed a 95% rise on Wednesday and nearly 23% rise on Tuesday.
Zumiez (ZUMZ) – The apparel, footwear and sports equipment seller gained 5% in pre-market trading after Zumiez broke the Wall Street consensus of 4 cents per share on earnings of $ 1.03 per share in the first quarter. Revenue also beat forecasts, with the company saying its business has rebounded beyond pre-pandemic levels.
Asana (ASAN) – The collaboration software maker rallied 8.6% in premarket after posting a smaller-than-expected quarterly loss as revenue and outlook beat consensus estimates.
Bed Bath & Beyond (BBBY) – Bank of America Securities has switched the homeware retailer to “no rating,” an unusual move that reflects the company’s belief that “Meme stock” is no longer trading on fundamentals. The company has also stopped reporting on GameStop (GME) for similar reasons, stating that the video game retailer’s stock is based on non-fundamental factors. GameStop fell 1.2% in pre-hours trading while Bed Bath & Beyond changed little.