Stocks making the biggest moves after hours: Asana, Zscaler, Marvell and more
1 min read
Pedestrians wearing protective masks pass in front of a banner displaying Asana Inc. signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, September 30, 2020.
Michael Nagle | Bloomberg | Getty Images
Check out the companies making headlines after hours.
Asana – Shares of the work management platform operator plunged about 12% in extended trading after the company reported a loss for the most recent quarter on a non-GAAP basis, though it was narrower than expected. The company also issued weaker-than-expected guidance for fourth-quarter revenue.
Zscaler – The cloud security company saw its shares dip 9% following its quarterly earnings report, despite posting strong results. Earnings and revenue were stronger than analysts’ expectations. The company also forecast better-than-expected earnings and revenue for its fiscal second quarter and full year.
Marvell Technology – The semiconductor stock fell 6.9% after the company reported weaker-than-anticipated earnings and revenue for the most recent quarter. Its outlook for revenue for the fourth quarter also came in lower than analysts expected.
PagerDuty – Shares of the IT company rose more than 4% after it reported a slight profit for the third quarter, beating analysts’ expectations of a loss. Its revenue came in better than expected.
