October 3, 2022

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Okta, Nutanix, Five below and more

Okta, Nutanix, Five below and more

Inside one of the five locations below.

five below

Check out the companies making headlines after hours.

pure storage Technology stock jumped 7% after a data storage developer beat earnings and revenue expectations. Pure Storage also issued strong revenue guidance for the third quarter and the full year.

octa – Shares fell 10% even though the identity management company posted a big win in its second-quarter results. Okta’s third quarter and full-year revenue guidance was also in line with expectations.

Nutanix Cloud computing stock rose 21% after Nutanix beat expectations in its quarterly results and issued strong revenue guidance.

MongoDB – Shares fell 8% after the document database company forecast a larger-than-expected loss in its third-quarter guidance. Other than that, MongoDB reported outperforming both in earnings and revenue in its most recent quarter.

five below – Shares rose 4.4% even though the discount retailer missed earnings and revenue expectations in its latest quarterly results. Five below also issued weak guidance for the third quarter and the full year.

Disney – The stock rose 1.5% after a The Wall Street Journal reportCiting people familiar with the matter, Walt Disney said that The Walt Disney Company is exploring a membership program similar to Amazon Prime. The report said the franchises will encourage customers to spend more on broadcasts, resorts and merchandise.

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