NICE Posts Upbeat Earnings, Joins FTI Consulting, NVIDIA, Moderna And Other Big Stocks Moving Higher On Thursday

Author: Avi Kapoor | February 22, 2024 12:33pm

U.S. stocks were higher, with the Nasdaq Composite gaining more 2% on Thursday.

Shares of NICE Ltd. (NASDAQ:NICE) rose sharply during Thursday’s session after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance above estimates.

NICE reported fourth-quarter fiscal 2023 revenue growth of 9.6% year-over-year to $623.19 million, beating the consensus of $618.51 million. Adjusted EPS improved to $2.36 compared to $2.04 in the prior year, beating the consensus of $2.28.

NICE shares jumped 10.4% to $249.39 on Thursday.

Here are some other big stocks recording gains in today’s session.

• Root, Inc. (NASDAQ:ROOT) shares shares rose 40.8% to $12.21 after posting better-than-expected fourth-quarter results.
• Novavax, Inc. (NASDAQ:NVAX) gained 34.7% to $5.36. Novavax has reached a settlement related to the 2021 advance purchase agreement for Novavax's prototype Covid-19 vaccine (NVX-COV2373).
• Mativ Holdings, Inc. (NYSE:MATV) climbed 27.6% to $15.00 following upbeat earnings.
• Outset Medical, Inc. (NASDAQ:OM) rose 26% to $4.0680 following upbeat results.
• Ocular Therapeutix, Inc. (NASDAQ:OCUL) climbed 22.2% to $9.19 after announcing a $325.0 million private placement.
• Remitly Global, Inc. (NASDAQ:RELY) shares gained 19.5% to $21.13 after the company reported better-than-expected fourth-quarter financial results.
• B. Riley Financial, Inc. (NASDAQ:RILY) climbed 19.3% to $18.13. B. Riley’s board issued a statement regarding internal review.
• Super Micro Computer, Inc. (NASDAQ:SMCI) gained 19.2% to $875.07. Supermicro announced a proposed offering of $1.5 billion of convertible senior notes due 2029.
• AlTi Global, Inc. (NASDAQ:ALTI) jumped 18.6% to $6.90. AlTi Global announced a strategic investment of up to $450 million by Allianz X and Constellation Wealth Capital.
• Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) gained 17.5% to $18.00 following strong sales results.
• ACV Auctions Inc. (NASDAQ:ACVA) rose 16.9% to $16.37 after the company reported better-than-expected fourth-quarter financial results and announced the settlement of its antitrust litigation related to the AutoIMS technology platform.
• FTI Consulting, Inc. (NYSE:FCN) climbed 15.5% to $219.72 following upbeat results.
• NVIDIA Corporation (NASDAQ:NVDA) gained 15.4% to $778.61 after the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for the first quarter.
• OUTFRONT Media Inc. (NYSE:OUT) climbed 15.4% to $14.35 following upbeat results.
• Lantheus Holdings, Inc. (NASDAQ:LNTH) gained 14.4% to $64.90 following strong results.
• Indivior PLC (NASDAQ:INDV) rose 13.3% to $19.83 following fourth-quarter results.
• Installed Building Products, Inc. (NYSE:IBP) gained 12.8% to $228.59 after the company reported better-than-expected fourth-quarter financial results and authorized a $300 million stock repurchase program.
• ICON Public Limited Company (NASDAQ:ICLR) rose 12.1% to $319.05 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY24 guidance.
• Celestica Inc. (NYSE:CLS) climbed 11.6% to $41.51.
• Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 11.6% to $183.27 in sympathy with NVIDIA, which reported better-than-expected quarterly financial results and issued revenue guidance above estimates.
• Quanta Services, Inc. (NYSE:PWR) gained 11% to $234.42 after the company reported better-than-expected quarterly financial results and issued guidance.
• Synopsys, Inc. (NASDAQ:SNPS) climbed 10.7% to $601.93 after the company reported better-than-expected first-quarter adjusted EPS results and issued strong guidance.
• Q2 Holdings, Inc. (NASDAQ:QTWO) gained 9.5% to $45.82 following strong results.
• Moderna, Inc. (NASDAQ:MRNA) gained 9.5% to $95.93 after the company reported fourth-quarter financial results.
• Dell Technologies Inc. (NYSE:DELL) rose 8.7% to $88.46.
• Wingstop Inc. (NASDAQ:WING) gained 8.4% to $336.34. Wingstop reported better-than-expected results for its fourth quarter on Wednesday.
• Royal Caribbean Cruises Ltd. (NYSE:RCL) surged 7.9% to $124.00 after the company raised its FY24 adjusted EPS guidance. Also, the company said demand and bookings has exceeded expectations.
• DigitalOcean Holdings, Inc. (NYSE:DOCN) rose 6.8% to $38.29 following upbeat results.

 

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