Stock Groups

Salesforce, Allbirds, DoorDash and more


Take a look at the top premarket traders.

Salesforce — Shares of the software giant dropped more than 6% in premarket trading despite a better-than-expected third-quarter earnings report. Company’s fourth-quarter guidanceAnalysts’ expectations were not met. Also, Salesforce announced it promoted Bret Taylor to the role of co-CEO, alongside Marc Benioff.

Box — Shares of Box rose more than 9% in early morning trading after the company’s quarterly financial results beat on the top and bottom lines. Refinitiv reported that Box earned 22 cents on $224 million in revenue, compared to the consensus Refinitv estimate of 21cents per share for revenue of $218.5million. Also, earnings and revenues for fourth quarter as well as full-year were higher than expected.

Hewlett Packard Enterprise — Shares of Hewlett Packard Enterprise fell about 2% in the premarket after missing analyst expectations for its quarterly revenue. Refinitiv’s consensus estimate of $7.38billion was lower than the revenue reported by the company, which came in at $7.35 billion. Hewlett Packard Enterprise reported a profit of 4 cents per share, which is higher than the consensus.

Ambarella — Shares of Ambarella surged more than 16% in early morning trading after a better-than-expected quarterly report. Refinitiv had expected the company to earn 57 cents a share. The revenue came in at $92.2million, compared to the expected $90.3 million.

Allbirds — Allbirds shares sunk more than 5% in the premarket after the shoe maker’s losses widened even as its revenue rose from last year. These are the facts quarterly reportAllbirds was the first public company to go public.

Goldman Sachs, Amazon — Shares of Goldman Sachs and Amazon both moved higher in premarket trading after CNBC reported the bank is unveiling a cloud service for Wall Street trading firmsAmazon’s cloud division supports it. This new service is called GS financial cloud for data with Amazon Web Services. Amazon gained 1.2%, while Goldman added 0.9%.

Lennar — Lennar shares gained more than 4% after an upgrade from Goldman Sachsto a buy rating. Goldman believes that there is still a high demand for new homes.

Krispy Kreme — Shares of Krispy Kreme fell more than 3% in early morning trading after Goldman Sachs downgraded the stock to a sell rating. Goldman says that rising costs should be a concern for the stock.

DoorDash — Shares of DoorDash gained more than 3% premarket after Gordon Haskett upgraded the stockTo buy from keep. As Covid concerns rise, the company said that the omicron variation could spur a rebound in food delivery apps.