Check out the companies making headlines before the bell. Salesforce — Shares of the cloud software vendor plunged 16% after the company reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations. Revenue in the fiscal first quarter increased 11% from a year earlier, marking the first time since 2006 that Salesforce fell short on revenue, according to LSEG data. Salesforce said it saw budget scrutiny and longer deal cycles than usual during the quarter. PayPal — The payments platform added 2% following an upgrade to buy from Mizuho. Analyst Dan Dolev cited PayPal’s newly-launched one-click checkout tool, Fastlane, as a potential catalyst for the stock. Okta — Shares advanced nearly 5% after Evercore ISI upgraded the access management company to outperform and increased its price target, saying that Okta’s strong quarterly results suggest the company has moved beyond its execution issues. Birkenstock — The footwear maker jumped 8% after posting a second-quarter earnings and revenue beat. The company also raised its full year revenue guidance to between €1.77 billion and €1.78 billion, higher than its previous estimate of between €1.74 billion and €1.76 billion. Foot Locker — Shares rallied more than 12% in the premarket after the apparel and sneaker retailer reported first-quarter earnings that beat expectations . The company posted an adjusted profit of 22 cents per share, whil …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Salesforce — Shares of the cloud software vendor plunged 16% after the company reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations. Revenue in the fiscal first quarter increased 11% from a year earlier, marking the first time since 2006 that Salesforce fell short on revenue, according to LSEG data. Salesforce said it saw budget scrutiny and longer deal cycles than usual during the quarter. PayPal — The payments platform added 2% following an upgrade to buy from Mizuho. Analyst Dan Dolev cited PayPal’s newly-launched one-click checkout tool, Fastlane, as a potential catalyst for the stock. Okta — Shares advanced nearly 5% after Evercore ISI upgraded the access management company to outperform and increased its price target, saying that Okta’s strong quarterly results suggest the company has moved beyond its execution issues. Birkenstock — The footwear maker jumped 8% after posting a second-quarter earnings and revenue beat. The company also raised its full year revenue guidance to between €1.77 billion and €1.78 billion, higher than its previous estimate of between €1.74 billion and €1.76 billion. Foot Locker — Shares rallied more than 12% in the premarket after the apparel and sneaker retailer reported first-quarter earnings that beat expectations . The company posted an adjusted profit of 22 cents per share, whil …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
