Workday – Set to open lower this morning after a big move higher late yesterday that followed earnings from the cloud/software maker. The Pleasanton, Calif.-based firm said adjusted earnings were 86 cents a share, up 62% from a year earlier. Revenue climbed 18% to $1.1 billion, including acquisitions. A year earlier, Workday earnings were 53 cents a share on sales of $938 million. Amid the coronavirus emergency, analysts expected Workday earnings of 67 cents a share on revenue of $1.09 billion for the period ended Oct. 31. Workday said third-quarter subscription revenue rose 21% to $968.5 million, topping estimates of $951.5 million.
Foot Locker – Shares are higher this morning after the athletic apparel retailer posted comparable-store sales that increased by 7.7% in Q3 vs.-1.2% consensus. Gross margin rate fell 120 bps Y/Y to 30.9% of sales vs. 28.7% consensus. Operating margins were 8.5% of sales vs. 4.6% consensus. The company said it ended the quarter with 3,032 stores vs. 3,129 at the beginning of the fiscal year. Foot locker did not provide FY guidance due to the uncertainty of the pandemic. EPS of $2.52/share and revenue of $1.94b both topped estimates.
Pfizer/BioNtech – The covid-19 vaccine partners have announced they will apply for emergency use authorization from the FDA as soon as today, the pair released final data Tuesday from their late-stage trial on the drug that showed a 95% efficacy rate.
Naked Brand Group – Without any direct news catalyst pushing the stock, NAKD traded more than 1b shares on Thursday and ran up more than 100% in the second day of strong move higher.
FireEye Inc – Set to open sharply higher on news the company has received a USD 400 million investment from US private equity firm Blackstone, with fellow equity firm ClearSky acting as co-investor in the transaction. FireEye said it will use the money to support its strategic growth initiatives, including its latest acquisition of Respond Software, and to help push growth further for its cloud, platform and managed services portfolio.
Mcafee – Avoided a loss Thursday in its first earnings report since returning to the public markets. McAfee MCFE, reported a break-even third quarter on sales of $728 million. Last year, while still a private company, McAfee reported a net loss of $9 million on revenue of $662 million, according to filings with the Securities and Exchange Commission. After adjusting mostly for amortization, the security-software company reported earnings of $129 million. Analysts on average had expected adjusted earnings of 36 cents a share on sales of $722 million. McAfee did not provide a per-share figure. The company guided for fourth-quarter revenue of $731 million to $742 million. Analysts on average had expected $728 million.
Draftkings – Back on watch this morning as analysts at Piper Sandler initiated coverage on DKNG and PENN. The recommendation started with an “overweight” rating and a $58 PT for DKNG.
Nano Dimension – Shares are coming back to earth today after a yesterday’s big move, the stock ran from $4.75 to nearly $6.50 initially kicked off by a report of higher than normal options buying in the name. NNDM this morning has announced a $100m registered direct offering.
Titan Pharmaceuticals Inc – Another micro-cap penny stock on the move this morning with no apparent catalyst, the company reported quarterly earnings on Wednesday reporting a larger loss than expected, multiple institutional investors have also recently reported lightening their positions in the stock.
AYRO Inc – Back on watch this morning trading sharply higher in the premarket for the third straight session, the recent addition to the EV space focusing on club sized delivery vehicles posted its latest earnings on Monday this week.
Renewable Energy – The group has come back to life in recent days with no additional news, trading up between 5-9% premarket again this morning. CBAT, OPTT, SUNW, WWR