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After-hours movers: Marvell Technology, Salesforce, Okta and more

investing.com 03/12/2024 - 21:38 PM

After-Hours Stock Movers:

Marvell (NASDAQ:MRVL) Technology

MRVL rose 9% after delivering strong third quarter results and guidance. Net revenue for the third quarter of fiscal 2025 was $1.516 billion, $66.0 million above the mid-point of the Company’s guidance provided on August 29, 2024.

Salesforce (NYSE:CRM)

Salesforce rose 7% after reporting third quarter revenue that beat estimates, despite slightly missing EPS estimates and offering mixed guidance, while management struck a positive tone on its AI initiatives.

Okta, Inc. (NASDAQ:OKTA)

Okta surged 21% after easily beating expectations for its third quarter. For the fourth quarter of fiscal 2025, the company expects total revenue of $667 million to $669 million, representing a growth rate of 10% to 11% year-over-year.

Intuitive Machines (LUNR)

Intuitive Machines fell 6% after commencing an underwritten public offering of $65 million of shares of its Class A common stock.

Pure Storage, Inc. (NYSE:PSTG)

Pure Storage rose 22% after announcing third quarter results that beat consensus across the board.

UnitedHealth Group (NYSE:UNH)

UnitedHealth fell 1% after introducing 2025 guidance ahead of an investor conference. The company sees 2025 revenues of $450 billion to $455 billion, net earnings of $28.15 to $28.65 per share, and adjusted net earnings of $29.50 to $30.00 per share.

Box (BOX)

Box fell 2% after announcing third quarter results that slightly beat estimates, with lackluster guidance.




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