Storage Company Sees a Spike

Good morning Wake-Up Watchlisters! While you’re drinking that first cup of high quality H20 you’ll see stocks rose Thursday after lower oil prices put investors a little more at ease about inflation. It also bumped up interest in equities.

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Here’s a look at the top-moving stocks this morning.

Pure Storage (NYSE: PTSG)

Pure Storage is up 12.45% premarket after posting strong financial results for the fiscal first quarter. The enterprise storage and cloud company brought in revenue of $620 million, up 50% from a year ago. As demand for cloud-based storage continues to expand, it’s worth keeping on an eye on this stock going forward.

C3.ai (NYSE: AI)

C3 is down 23.61% premarket after a guidance disappointment. For the upcoming July quarter, the company now sees revenue at $65 million, falling well short of Wall Street’s consensus of $74.4 million. C3.ai came in with a quarterly loss of $0.21 versus the Zacks estimate of $0.29. C3.ai is looking volatile.

MongoDB (Nasdaq: MDB)

MongoDB is up 8.97% premarket after a strong quarterly earnings report. The company came in with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of a loss of $0.10 per share. MongoDB belongs to Zacks Internet and has surpassed consensus EPS estimates four times. Keep an eye on MongoDB going forward.

Elastic N.V. (NYSE: ESTC)

Elastic is up 7.43% premarket despite reporting a fourth quarter loss of $0.06 per share. Much like Salesforce (NYSE: CRM) earlier this week, the data analytics company topped revenue estimates, bringing in $239.4 million. That’s an 35% increase year-over-year. Keep an eye on Elastic N.V. going forward.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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