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OTLK News30 articles
Rackspace Stock Soars 26% on AMD AI Deal, But Debt Clouds Outlook
Rackspace shares surged 26% to $7.29 on an AMD AI deal and Q1 profit, though a non-GAAP loss and $2.3B in debt temper optimism.
Aeluma Shares Slide 16% After Q3 Loss and Reduced Revenue Outlook
Aeluma shares dropped 16.3% after hours after the company posted a $1.8 million Q3 loss and trimmed its 2026 revenue outlook to $4.2-$4.6 million.
Doximity Shares Dive on Weak 2027 Revenue Outlook, AI Hype Fails to Impress
Doximity shares tumbled 19% after hours as its fiscal 2027 revenue forecast of $664-$676 million fell well short of Wall Street estimates, overshadowing strong AI adoption metrics.
Mobileye Shares Surge 14% on Strong Q1 Revenue and Raised Outlook
Mobileye shares surged 14% on Wednesday after the company reported a 27% jump in Q1 revenue, raised its 2026 outlook, and announced a $250 million buyback.
SoFi Acquires PrimaryBid's IPO Platform, Stock Dips on Analyst Outlook
SoFi acquires PrimaryBid's IPO allocation tech to boost retail access. Stock drops 2.9% to $15.44 after Truist cuts target, citing platform concerns.
NIO Shares Rally as ES8 Sales Surge, Boosting Profit Outlook
NIO shares jumped 43.5 cents to $6.515 after April deliveries rose 22.8% to 29,356 vehicles, with the ES8 SUV accounting for 44% of volume. Q1 results are due May 21.
Nextpower Shares Surge on Raised Outlook, $80.5M Acquisition
Nextpower raised its FY2027 revenue outlook and announced an $80.5M acquisition, sending shares up 12.5% premarket. Record FY2026 revenue and backlog growth underscore the company's expansion into power conversion.
Dow Holds Steady at 49,700 as Inflation Data Rattles Tech and Rate Outlook
The Dow ended nearly unchanged at 49,700.29, but the S&P 500 dropped 0.54% and the Nasdaq fell 1.37% after April CPI surged 3.8%, driven by energy costs.
Rocket Lab Shares Dip After Record Rally; Neutron Demand Fuels Bullish Outlook
Rocket Lab shares slipped 2.4% on Tuesday following a record-breaking rally, as investors balanced profit-taking with robust demand for its Neutron rocket and defense contracts.
Shopify Tumbles on Q2 Margin Outlook Despite Strong Q1 Beat
Shopify shares slid 7% Monday after Q2 guidance missed expectations on margins, despite a Q1 revenue and GMV beat. The market is reassessing the AI commerce bull case.
Booking Holdings Shares Slide on Middle East Conflict Impact and Growth Outlook Cut
Booking Holdings shares dropped 4.9% after cutting its full-year revenue growth target to high single digits, citing Middle East conflict impacts. Rivals Expedia and Airbnb also fell.
SoFi CEO Noto Buys Shares After Earnings Drop, Questions on Outlook Linger
SoFi CEO Anthony Noto bought nearly $250,000 in stock after a 12% decline, but investors remain focused on the company's unchanged 2026 revenue outlook.
Penguin Solutions Surges 13% on AI Memory Demand Outlook
Penguin Solutions shares surged 13.47% to $44.23 after raising fiscal 2026 sales and profit outlook amid surging AI memory chip demand and prices.
Energy Transfer Units Dip 1.24% Despite Record Volumes and Raised 2026 Outlook
Energy Transfer LP units slipped 1.24% to $19.34 on Friday, even as unitholders became eligible for a higher distribution. The company reported record volumes and raised its 2026 EBITDA forecast.
Kratos Selects Indiana Site for Hypersonic Testing Facility, Boosts 2026 Revenue Outlook
Kratos Defense & Security Solutions selected Odon, Indiana for a new hypersonic materials test facility, two days after raising its 2026 revenue outlook. Q1 revenue rose 22.6% to $371M.
UnitedHealth Stock Rebounds on Easing Medical Costs and Raised Outlook
UnitedHealth shares rose 2.8% to $379.98, extending gains on easing medical-cost pressures. Q1 revenue hit $111.7B, and the company raised its full-year adjusted earnings outlook above $18.25/share.
DXC Technology Shares Tumble 23% on Weak Revenue Outlook and AI Turnaround Doubts
DXC Technology shares fell 23% after forecasting further organic revenue declines and reporting a GAAP loss, casting doubt on its AI-driven turnaround amid weak demand.
Toast Shares Slide 15% Despite Q1 Revenue Surge and Upgraded 2026 EBITDA Outlook
Toast shares dropped 15% despite a 22% revenue jump and raised 2026 EBITDA outlook, as hardware costs and a lower EPS weighed on investors.
Trade Desk Shares Plunge on Q1 Miss, Weak Q2 Outlook
Trade Desk shares dropped over 12% premarket on Friday after Q1 profit missed estimates and Q2 revenue guidance fell short of expectations, stoking fears of competitive pressure and slower ad spending.
Planet Fitness Shares Dive 31% on Slashed 2026 Outlook and Membership Woes
Planet Fitness shares plummeted 31% after the company slashed its 2026 growth targets and paused a planned Black Card price hike due to weak member growth and increased competition.
Block Raises 2026 Gross Profit Outlook to $12.33B on Cash App Strength
Block Inc raised its 2026 gross profit target to $12.33 billion after strong Q1 growth from Cash App and Square. Shares rose 7.7% after hours despite a $308.7 million net loss and $240 million DOJ-related accrual.
Innodata Shares Surge on Q1 Beat, AI Data Demand Drives Outlook Upgrade
Innodata shares surged 29% after hours as Q1 revenue and profit topped estimates, driven by a major new AI data contract that lifted the 2026 growth outlook to at least 40%.
Howmet Aerospace Surges on Strong Q1 Results, Lifts 2026 Outlook
Howmet Aerospace reported strong Q1 results, beating estimates and raising its 2026 outlook amid robust demand from commercial aerospace and defense.
Datadog Shares Surge on Q1 Earnings Beat and AI-Driven Revenue Outlook
Datadog shares surged 24.4% in premarket trading after Q1 revenue rose 32% to $1.006B and adjusted EPS of $0.60 beat estimates. The company raised its 2026 revenue outlook to $4.34B, citing AI-driven demand.
AppLovin's AI-Driven Q1 Surge and Bullish Outlook Rekindle Investor Interest
AppLovin posted Q1 revenue of $1.84 billion (up 59%) and a Q2 outlook above estimates, fueled by its AI ad platform. Shares fell 1.9% premarket after initial gains.
Glencore Shares Dip as Ex-Dividend Date Arrives Amid Mixed Production Outlook
Glencore shares slipped 0.4% to 566.6 pence in London Thursday, trading ex-dividend after a rally fueled by strong copper output and marketing earnings expectations.
Rolls-Royce Shares Gain as Buyback and Flying Hours Support Outlook
Rolls-Royce shares advanced 1.1% to 1,293.7p, extending gains after the company reaffirmed 2026 profit and cash flow targets and reported a 5% increase in large engine flying hours.
Fortinet Surges on AI-Driven Security Demand and Upbeat Outlook
Fortinet (FTNT) shares surged up to 24% after hours following a Q1 earnings beat and raised full-year outlook, fueled by robust demand for AI-driven security solutions.
Snap Stock Falls 5% After Q1 Revenue Beat, Cautious Q2 Outlook, and End of Perplexity AI Deal
Snap Inc. reported Q1 revenue up 12% to $1.53B and 483M daily active users, but shares fell 5% after a cautious Q2 outlook and the end of the $400M Perplexity AI deal.
Cencora Shares Drop 13% on Revenue Outlook Cut Despite Profit Upgrade
Cencora shares tumbled 13.5% after the company slashed its full-year revenue growth forecast, missing quarterly estimates, even as it raised its profit outlook and unveiled a $1 billion buyback.