Okta Inc, Salesforce, Splunk Inc are the ones to read about today.
Markets had an interesting day today; Dow Jones ended the session at 33,000 after a 1.05% gain. S&P 500 gained 0.76% and closed at 3,981.35.
Oracle and The Toro Company due to release their earnings reports within the following week.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. These reports are typically announced once a quarter, and their timing is considered when making predictions about the market due to the large impact they have on it.
Markets were up and stocks have released their quarterly earnings reports. Have a look.
Okta | Extends $9.62 since strong earnings report yesterday
Okta Inc released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of -0.7 per share on revenue of $510 million, topping estimates of -0.81 per share on revenue of $465.42 million. Since the release of its earnings report, Okta Inc gained 13.49%.
After closing yesterday at $71.44, Okta closed at $80.91 today after climbing to $81.55 and dropping back down. Daily trading volume (13.21 million shares) increased, making up 456% of the 21-day average (2.89 million).
Salesforce | Retains upward momentum since earnings report yesterday
Salesforce released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 1.01 per share on revenue of $8.38 billion, topping estimates of 0.73 per share on revenue of $8.00 billion. Since the release of its earnings report, Salesforce gained 14.05%.
Salesforce ended yesterday's session at $167.35. today started with an increase to $193.91, but dropped back and closed at $186.59.
This year has been a bright one for the cloud CRM provider after trading as low as $128.27 and going on to appreciate by 44.84% year to date. So far this year, it has performed better than the Dow by 45.25%. The customer relationship management company's market cap currently stands at $186.59 billion with an average daily volume of 9.14 million shares.
Splunk: rises above expectations
Splunk released its quarterly earnings yesterday, beating analysts estimates. The company reported earnings of 1.25 per share on revenue of $1.25 billion, topping estimates of -0.16 per share on revenue of $1 billion. Since the release of its earnings report, Splunk lost 0.31%.
After ending today at $102.48, the marketing of software solutions provider recovers back to $102.18 after dipping down to $94 earlier today. Daily trading volume (3.76 million shares) increased, making up 189% of the 21-day average (1.99 million).
Snowflake: mixed results
Snowflake reported inconclusive earnings results yesterday, with revenue at $589 million, compared to a consensus of $574.99 million. Since the publication of its earnings report, Snowflake has declined 12.37%.
After ending yesterday at $154.5, Snowflake declined to $131.12 today before closing at $135.28, thereby losing 12.44% in total. Daily trading volume (25.74 million shares) was above the current multiday average of 6.11 million.