Stock Market

Stocks making the biggest moves after hours: GitLab, Zscaler, AeroVironment and more

People celebrate the GitLab initial public offering at the Nasdaq, Oct. 14, 2021.
Source: Nasdaq

Check out the companies making headlines in after-hours trading.

Zscaler — The cloud security stock slipped 1% even after a better-than-expected report for its fiscal fourth quarter and strong current-quarter guidance. Zscaler reported adjusted earnings of 64 cents per share while analysts polled by LSEG, formerly known as Refinitiv, expected 49 cents. Revenue also topped consensus by $25 million, coming in at $455 million. Additionally, the company said earnings and revenue should come in ahead of what analysts anticipate for the current quarter.

GitLab — The technology platform jumped 4% following a strong second-quarter report and current-quarter guidance. GitLab posted adjusted earnings of 1 cent per share on $140 million in revenue. Meanwhile, analysts polled by LSEG anticipated a loss of 3 cents per share and revenue of $130 million. The company’s current-quarter revenue outlook was also better than analysts’ forecast.

Gogo — The broadband stock advanced 3.5% after the company announced the approval of a share repurchase program of up to $50 million.

Asana — The work management stock slipped 2.8% despite a strong report and outlook. Asana posted a loss of 4 cents per share on revenue of $162 million, while analysts polled by LSEG anticipated a loss of 11 cents per share and $158 million in revenue.

AeroVironment — Shares added nearly 12% after the maker of unmanned aircraft systems beat analysts’ expectations in its fiscal first quarter. AeroVironment posted adjusted earnings of $1 per share on revenue of $152 million. Analysts polled by LSEG called for earnings of 26 cents per share and revenue of $129 million.

CNBC’s Darla Mercado contributed reporting.

Articles You May Like

Higher business taxes take toll on UK economy as companies cut back hiring
CR deal collapses, federal funding at risk
Choppy market sessions may be ahead
Trump-backed deal to avert government shutdown fails in first House vote
Bank of England holds interest rates at 4.75%