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Home / Business / Stocks that make the biggest moves by the hour: Slack, Cloudera, and more

Stocks that make the biggest moves by the hour: Slack, Cloudera, and more



The Slack Technologies logo can be seen on a banner outside the New York Stock Exchange (NYSE) during the IPO in New York on June 20, 2019.

Brendan McDermid | Reuters

Look at the companies that made headlines after the bell :

Slack's shares fell in extended trading by 15% after the company released its first earnings report since the IPO and briefly went under the reference price fell listing. The popular workplace chat app maker reported 1

4 cc adjusted loss per share in the second quarter with revenues of $ 145 million. According to estimates by Refinitiv Consensus, analysts had expected a loss of $ 141 million per share of 18 cents. For the third fiscal quarter, Slack made strong revenue forecasts, but forecast a slightly higher-than-expected loss per share than analysts forecast.

Cloudera gained 7% after second-quarter earnings were better than expected. The enterprise software company reported adjusted 2cn loss per share for revenue of $ 197 million. Analysts had expected a loss of $ 182 million per share of 10 cents, according to estimates by Refinitiv Consensus. Marty Cole, CEO and provisional CEO of Cloudera, referred to improving the company's pipeline generation and internal metrics.

Palo Alto Networks shares temporarily fell 5%, after it was forecasted that the fiscal adjusted profit for 2020 would be below estimates. The security platform expects adjusted EPS for the full year between $ 5.00 and $ 5.10. According to estimates by Refinitiv Consensus, analysts had expected earnings per share of $ 6.25.

Since then, the share has again traded around 6% above the closing price. Cybersecurity announced better-than-expected revenue and fourth-quarter earnings. Palo Alto Networks also announced the acquisition of Zingbox, a security platform for the Internet of Things.

Mallinckrodt shares fell more than 40% following a Bloomberg report that the company may apply for bankruptcy, as it weighs the potential cost of thousands of opioid lawsuits. Bloomberg reported that the pharmaceutical company engaged consultants to help manage the liabilities. The company would seek bankruptcy protection if these costs were deemed unmanageable, Bloomberg said, citing persons who are familiar with the situation. Prior to the report, the company had a market valuation of approximately $ 217 million.


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