People celebrate GitLab’s IPO on Nasdaq on October 14, 2021.
Check out the companies making headlines in after-hours trading.
Zscaler – The cloud security stock fell 1% despite reporting a better-than-expected fiscal fourth-quarter report and providing strong guidance for the current quarter. Zscaler reported adjusted profit of 64 cents per share, while analysts surveyed by LSEG, formerly known as Refinitiv, expected 49 cents. Revenue also beat consensus by $25 million, coming in at $455 million. Additionally, the company said profit and revenue are expected to be above analysts’ expectations for the current quarter.
GitLab — The technology platform rose 4% following a strong second-quarter report and current-quarter guidance. GitLab had adjusted earnings of 1 cent per share on revenue of $140 million. Meanwhile, analysts surveyed by LSEG expected a loss of 3 cents per share and revenue of $130 million. The company’s sales outlook for the current quarter was also better than analysts’ forecasts.
go Go – Broadband shares rose 3.5% after the company announced approval of a stock repurchase program worth up to $50 million.
Asana — Work Management shares fell 2.8% despite a good report and outlook. Asana reported a loss of 4 cents per share on revenue of $162 million, while analysts polled by LSEG expected a loss of 11 cents per share on revenue of $158 million.
AeroVironment – Shares rose nearly 12% after the unmanned aircraft systems maker beat analysts’ expectations in the fiscal first quarter. AeroVironment had adjusted earnings of $1 per share on revenue of $152 million. Analysts polled by LSEG expected earnings of 26 cents per share and revenue of $129 million.
— CNBC’s Darla Mercado contributed reporting.
https://www.cnbc.com/2023/09/05/stocks-making-the-biggest-moves-after-hours-gtlb-zs-avav.html Stocks making the biggest moves after hours: GTLB, ZS, AVAV