Shares of MongoDB, Inc. (MDB) jumped significantly in today’s pre-market trading following the company’s announcement of strong second-quarter financial results and positive guidance. MongoDB exceeded analyst expectations, reporting earnings of 70 cents per share, a 42.86% beat over the estimated 49 cents. The company’s quarterly sales also surpassed estimates, reaching $478.1 million, representing a 3.03% beat and a 12.82% increase year-over-year. The positive financial performance propelled MongoDB shares up by 15.2% to $283.07 in the pre-market session.
Beyond MongoDB, several other stocks saw notable movement in pre-market trading. Among the gainers:
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Brenmiller Energy Ltd (BNRG)
climbed by 96.2% to $1.32 after reporting a year-over-year increase in H1 EPS results and announcing a projected pipeline valued up to $500 million.*
Focus Universal Inc. (FCUV)
surged by 52.2% to $0.2894 following a Form4 filing disclosing that CEO Desheng Wang acquired 302,100 shares of stock at an average price of $0.18 per share.*
Emergent BioSolutions Inc. (EBS)
gained 29.4% to $11.54 as its ACAM2000 vaccine received FDA approval for Mpox indication amid the rising public health crisis.*
Maxeon Solar Technologies, Ltd. (MAXN)
rose by 23% to $0.1283 after experiencing a decline of over 30% on Thursday.*
Intuitive Machines, Inc. (LUNR)
increased by 16.8% to $5.63 following the awarding of a $116.9 million NASA contract to deliver science and technology payloads to the Moon.*
LogicMark, Inc. (LGMK)
gained 13.8% to $0.1855 after a 9% decline on Thursday.*
Marvell Technology, Inc. (MRVL)
rose by 8.8% to $76.00 following the release of its second-quarter financial results.*
ADS-TEC Energy PLC (ADSE)
gained 6.5% to $14.00 in pre-market trading.*
Dell Technologies Inc. (DELL)
increased by 6.5% to $117.90 after reporting stronger-than-expected results for its second quarter.On the other hand, some stocks experienced declines in pre-market trading:
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Catheter Precision, Inc. (VTAK)
shares fell by 35.3% to $0.88, following a 23% dip on Thursday.*
Elastic N.V. (ESTC)
shares dropped by 27.1% to $75.60 after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.*
BioCardia, Inc. (BCDA)
declined by 20.3% to $3.20, despite a significant 83% jump on Wednesday after the FDA cleared the company to market its Morph DNA Steerable Introducer product family.*
XORTX Therapeutics Inc. (XRTX)
fell by 13.3% to $2.34 after a surge of over 130% on Thursday.*
Ekso Bionics Holdings Inc (EKSO)
shares dropped by 10.7% to $1.00 following the pricing of its $6 million underwritten public offering of 6m units with dual warrants.*
Paltalk, Inc. (PALT)
fell by 10.4% to $4.89, following a 14% gain on Thursday.*
Innovative Eyewear, Inc. (LUCY)
shares declined by 8.8% to $4.64 after a 54% jump on Thursday, driven by the announcement that its Lucyd Lyte frames are now available on Target.com.*
Duluth Holdings Inc (DLTH)
shares fell by 8.6% to $3.51, despite a 19% jump on Thursday after the company reported better-than-expected second-quarter sales results.*
Autozi Internet Technology (Global) Ltd. (AZI)
shares dipped by 6.9% to $2.70, following a gain of over 10% on Thursday after announcing the closing of its initial public offering.*
Ulta Beauty, Inc. (ULTA)
declined by 6.4% to $344.03 after reporting weaker-than-expected results for its second quarter and cutting its FY24 guidance.These pre-market movements provide insights into the potential market trends for the day and highlight the importance of staying informed about company performance and industry developments. Investors should conduct thorough research before making any investment decisions.
