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Stocks moving in after hours: Salesforce, Okta, Snowflake, Five Below

Yahoo Finance Live's Seana Smith checks out several stocks trending in the after-hours trading session.

Video Transcript


DAVE BRIGGS: Seana, what is moving after hours?

SEANA SMITH: We've got four stocks for you here, Dave. We have Salesforce, Okta, Snowflake, and Five Below. So let's kick it off with Salesforce because the stock moving lower after hours, off just over 6 and 1/2%. The company's fourth quarter revenue guidance coming in a bit light. That's the main driver of the action after hours. Also a big headline in this report, co-CEO Bret Taylor will be leaving the company January 31, leaving Marc Benioff as CEO and chair of Salesforce. For the third quarter, the numbers were relatively strong here for Salesforce. It beat on both the top and bottom line. Over the past three months, we're looking at gains of just about 2 and 1/2%.

Let's take a look at Okta. That stock popping up just about 13% right now in after hours trading. Fourth quarter adjusted EPS forecast beating the Street's estimates, and that's the big driver in the move here after hours. You're looking at losses of the past three months, though, of just about 41%. Third quarter revenue coming in at 481 million. That's a 37% increase from just about a year ago. Again, losses of 41% over the past three months. Year-to-date, looking at the stock off still 76%.

Let's take a look at Snowflake, another big mover in extended trading, but to the other side. We're looking at losses of just about 13%. The stock syncing on fourth quarter product revenue guidance. That trailed estimates, and that is what's spooking the Street right now. The company sees 535 billion to 540 million. Estimate out there from the Street, 551 million. Over the past three months, we're looking at a decline of 21%.

Five Below rounding it out here, up just about 9% after hours, boosting its full-year guidance on both the top and bottom line. That's a big headline out of this report, sending shares higher. Over the past three months, we're still looking at gains of just about 25%. Year-to-date, though, stock off 22%.