Atlassian raised its annual revenue forecast, banking on AI-driven features and a push into the enterprise segment to sustain growth amid tighter spending on collaboration tools. Shares of the company, which also beat Wall Street estimates for quarterly sales, rose more than 25.7% in morning trading.
Five9 reported first quarter results that exceeded analyst expectations and issued full-year guidance above consensus, sending shares up 20.8% following the announcement.
Twilio raised its full-year forecast and posted stronger-than-expected first-quarter results, signaling sustained demand for its cloud communications tools as companies invest in customer engagement and AI-driven services. The company's shares surged 17.4% in morning trading.
US compound wafer maker AXT reported first-quarter revenue that exceeded analyst expectations, while posting an adjusted loss per share of $0.01, which was narrower than analysts had anticipated. The shares jumped 16.4% in morning trading.
Reddit forecast second-quarter revenue above analysts' estimates on Thursday betting on its AI-powered tools to boost advertising on the platform and sending its shares up 9.4% in morning trading.
Zeta Global shares rose 1.7% in morning trading after the AI marketing cloud company reported first-quarter revenue growth of 50% year-over-year, surpassing analyst expectations.
Roku raised its annual platform revenue forecast, signaling confidence that advertisers will continue to spend on its streaming platform, sending its shares up 1.6% in morning trading.
Memory chip maker Sandisk reported soaring revenue and profit while predicting another rosy quarter, adding it has signed long-term contracts worth at least $42 billion to help it counter any extreme price cycles. It also said it would embark on a $6 billion buyback. But Sandisk shares dropped 2.4% in morning trading.
Western Digital forecast quarterly revenue above Wall Street estimates, expecting strong demand for data storage from artificial intelligence companies to fuel pricing power. Shares of the company, however, fell 3.1% in morning trading.
Rivian shares fell 4.5% in morning trading as it offered investors few fresh details about demand for its new R2 electric SUV, a model that’s seen as critical to the electric-vehicle maker’s future.
Clorox cut its annual profit forecast, as the Bleach maker battles weaker demand and rising costs tied to the U.S.-Israeli war on Iran. The shares dropped 9.6% in morning trading.
Roblox cut its annual bookings forecast, signaling that new safety initiatives may impact user growth and spending on its popular videogame platform, sending its shares down over 20% in morning trading.