Zscaler, Inc.’s shares tumbled sharply in Friday’s trading session after its second-quarter results.
Zscaler exceeded expectations with its second-quarter earnings and sales results on Thursday. The company anticipates a fiscal year 2024 non-GAAP income from operations in the range of $395 million to $400 million and net income per share between $2.73 and $2.77.
Zscaler shares witnessed a 10.1% decline to $217.43 on Friday.
Below are notable stocks making moves in the mid-day session today.
Top Gainers
- BioVie Inc. saw its shares surge by 96.1% to $2.4319. BioVie’s Ne3107 exhibited promising enhancements in motor and non-motor symptoms for Parkinson’s disease patients and could potentially reconfigure physiological processes for Alzheimer’s patients.
- Adial Pharmaceuticals, Inc. jumped 68.4% to $3.4350. Adial Pharmaceuticals secured a new patent encompassing AD04 for potentially treating opioid use disorder.
- Cardiff Oncology, Inc. witnessed a 41.5% increase to $2.50 following a robust fourth-quarter financial performance announcement, a clinical update on the Phase 2 ONSEMBLE trial in patients with RAS-mutated mCRC, and the initiation of the randomized first-line RAS-mutated mCRC trial.
- Minim, Inc. noted a 41.4% rise to $6.09 after engaging David Lazar as CEO and CFO following Jeremy Hitchcock’s resignation on Feb. 20.
- The RealReal, Inc. surged by 39.1% to $2.4613 post the release of positive quarterly results.
- Nxu, Inc. climbed 36.4% to $1.09 after successfully charging a Tesla Cybertruck on Feb. 26.
- Jaguar Health, Inc. rose by 35.3% to $0.0798.
- Dell Technologies Inc. increased by 26.3% to $119.52 following an impressive fourth-quarter financial report and a 20% boost in its annual cash dividend.
- Sweetgreen, Inc. gained 26% to $16.05 after exceeding expectations with its fourth-quarter financial performance.
- MMTec, Inc. advanced by 25% to $1.61.
- Everbridge, Inc. rose by 24.5% to $35.19 after amending and restating its previously announced merger agreement with Thoma Bravo.
- NetApp, Inc. saw a 24.4% increase to $110.85 post the announcement of better-than-expected third-quarter financial results and guidance.
- Xponential Fitness, Inc. climbed 24% to $12.50 following robust quarterly sales.
- Myomo, Inc. gained 21.9% to $3.73.
- Ventyx Biosciences, Inc. soared by 20.1% to $8.50.
- MSP Recovery, Inc. jumped by 18.8% to $1.01.
- Opera Limited rose by 18.8% to $14.47 spurred by strong sales.
- REGENXBIO Inc. advanced by 18.5% to $20.66.
- RadNet, Inc. surged by 18.1% to $44.71 driven by a solid quarterly performance.
- Sana Biotechnology, Inc. witnessed a 17.3% upswing to $11.78 after showcasing a year-over-year increase in fourth-quarter financial results.
- Tidewater Inc. gained 15.3% to $80.73 following its fourth-quarter financial results.
- Y-mAbs Therapeutics, Inc. saw a 14.3% increase to $19.09 after surpassing fourth-quarter financial expectations.
- Repay Holdings Corporation rose by 14.4% to $9.94 driven by strong quarterly results.
- Root, Inc. surged by 14.2% to $36.66 after Jefferies analyst Yaron Kinar upgraded the stock from Hold to Buy and raised the price target to $40.
- MasTec, Inc. rose by 11.2% to $83.89 post strong quarterly results.
- Rambus Inc. climbed 9.3% to $64.76 after initiating an accelerated share repurchase program to buy back $50 million of its common stock.
- Arvinas, Inc. rose by 9.2% to $50.21 after Barclays analyst Peter Lawson maintained the stock.
Market Winners and Losers Unveiled
Winners
- ThermoGenesis Holdings Inc. THMO soared 88.5% to $6.74 following an overweight rating and an increased price target from $26 to $60.
- The Cooper Companies, Inc. COO gained 7.4% to $100.61 after reporting stellar first-quarter financial results exceeding expectations and revising guidance upward.
Losers
- GigCapital5, Inc. GIA experienced a sharp decline of 60.7% to $4.35 due to announcing the closure date of March 4, 2024, for its business combination with QT Imaging.
- Fisker Inc. FSR plummeted by 44.6% to $0.4035 following preliminary fourth-quarter revenue figures below estimates and expressing concerns about its ability to sustain operations in its upcoming annual financial filings with the SEC.
- Sidus Space, Inc. SIDU declined by 39.9% to $5.41 as it priced a public offering of 1,321,000 Class A common shares at $6 per share.
- Scilex Holding Company SCLX saw a decrease of 39.7% to $1.37 after announcing a $10 million bought deal offering.
- DermTech, Inc. DMTK fell by 32.8% to $0.86 following disappointing quarterly revenue results.
- Precision BioSciences, Inc. DTIL experienced a decline of 31.7% to $12.62 after announcing a $40 million offering of common stock and warrants.
- Volcon, Inc. VLCN dropped by 30.1% to $0.93.
- Tritium DCFC Limited DCFC went down by 27.4% to $0.1031.
- Vivani Medical, Inc. VANI slumped by 27% to $3.0798 after announcing a $15 million registered direct offering of common stock and warrants.
- Humacyte, Inc. HUMA shares dipped by 25.3% to $3.2450 following the pricing of a $40.2 million public offering of 13.4 million common stock at $3 per share.