Stocks making the biggest moves after hours: Slack, Cloudera and Palo Alto Networks

, briefly falling below its reference price from its direct listing. The maker of the popular workplace chat app reported a second quarter adjusted loss per share of 14 cents on revenue of $145 million. Analysts had expected a loss per share of 18 cents on revenue of $141 million, according to Refinitiv consensus estimates. For the fiscal third quarter, Slack gave strong revenue guidance, but forecast a slightly larger-than-expected loss per share than analysts had projected.

The stock has since reversed to trade about 6% above its closing price.The cybersecurity company announced better-than-expected fourth quarter revenue and profit. Palo Alto Networks also announced the acquisition of Zingbox, an Internet of Things security platform.shares plummeted more than 40% after a Bloomberg report that the company may seek bankruptcy protection as it weighs the potential costs stemming from thousands of opioid lawsuits.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This is what to watch when Slack reports earningsSlack raced higher Wednesday ahead of its first earnings report after the bell. TradingNation Our mission at is to build the social media platform that ends fake news
Source: CNBC - 🏆 12. / 72 Read more »

Slack plunges after posting first earnings report since going publicSlack is growing rapidly, but it faces increased competition from Microsoft and has been dealing with service issues. why no mention of $MDB $CLDR and $panw earnings?
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Kroger, Tapestry, Navistar, Zillow, Box & moreThese are the stocks posting the largest moves before the bell. Understand we are in a 20 year bull market, that even Trump will have difficulty screwing up
Source: CNBC - 🏆 12. / 72 Read more »