Check out the companies making headlines before the bell. Snowflake — The cloud data company sank after posting disappointing product revenue guidance for the first quarter and announcing that CEO Frank Slootman is retiring. Snowflake said it expects product revenue to range between $745 million and $750 million in the current period, below the $759 million analysts polled by StreetAccount expected. Morgan Stanley also downgraded the cloud stock to equal weight. C3.ai — The artificial intelligence software stock popped more than 15% on robust earnings. C3.ai posted a narrower-than-expected adjusted loss per share of 13 cents. Revenue also topped expectations. Salesforce — Salesforce slipped less than 1%. The software giant topped Wall Street’s fiscal fourth-quarter expectations but offered a lighter-than-expected revenue forecast for the new fiscal year. The company said it anticipates single-digit revenue growth. Okta — The identity-management company surged more than 25% on the back of a stronger-than-expected quarter and outlook for the current period. Okta said its expects revenues to range between $603 million and $605 million, surpassing a FactSet estimate of $583.8 million. Bank of America double-upgraded shares to a buy. Duolingo — Shares popped 20% after the educational technology firm reported fourth-quarter earnings and revenue that exceeded analysts’ expectations. Duolingo posted earnings of 26 cents per share on revenue of $151 m …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Snowflake — The cloud data company sank after posting disappointing product revenue guidance for the first quarter and announcing that CEO Frank Slootman is retiring. Snowflake said it expects product revenue to range between $745 million and $750 million in the current period, below the $759 million analysts polled by StreetAccount expected. Morgan Stanley also downgraded the cloud stock to equal weight. C3.ai — The artificial intelligence software stock popped more than 15% on robust earnings. C3.ai posted a narrower-than-expected adjusted loss per share of 13 cents. Revenue also topped expectations. Salesforce — Salesforce slipped less than 1%. The software giant topped Wall Street’s fiscal fourth-quarter expectations but offered a lighter-than-expected revenue forecast for the new fiscal year. The company said it anticipates single-digit revenue growth. Okta — The identity-management company surged more than 25% on the back of a stronger-than-expected quarter and outlook for the current period. Okta said its expects revenues to range between $603 million and $605 million, surpassing a FactSet estimate of $583.8 million. Bank of America double-upgraded shares to a buy. Duolingo — Shares popped 20% after the educational technology firm reported fourth-quarter earnings and revenue that exceeded analysts’ expectations. Duolingo posted earnings of 26 cents per share on revenue of $151 m …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
