Box Reports Upbeat Earnings, Joins American Public Education, Wave Life Sciences And Other Big Stocks Moving Higher On Wednesday

Author: Avi Kapoor | March 06, 2024 12:45pm

U.S. stocks were higher, with the Dow Jones index gaining more than 200 points on Wednesday.

Shares of Box, Inc. (NYSE:BOX) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter EPS and announced a $100 million expansion of its stock repurchase program.

Total revenues were up 2% on a year-over-year basis. Billings were up 6% in the fourth quarter, coming in at $379.3 million. The company also issued first-quarter revenue guidance above estimates.

Box shares climbed 7.3% to $29.25 on Wednesday.

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

• TRxADE HEALTH, Inc. (NASDAQ:MEDS) shares jumped 39.2% to $11.19 after the company announced a special cash dividend of $8 per share.
• American Public Education, Inc. (NASDAQ:APEI) rose 31.8% to $14.99 following upbeat quarterly results.
• Dada Nexus Limited (NASDAQ:DADA) jumped 30.6% to $2.5740. Dada Nexus said certain revenues and associated costs were overstated in past financial statements.
• Wave Life Sciences Ltd. (NYSE:WVE) rose 28.5% to $6.16 following upbeat quarterly results.
• CareMax, Inc. (NASDAQ:CMAX) jumped 23.8% to $14.72.
• Lantern Pharma Inc. (NASDAQ:LTRN) climbed 22.6% to $5.90.
• Cerus Corporation (NASDAQ:CERS) gained 22.4% to $2.4350 after the company reported better-than-expected fourth-quarter GAAP EPS results.
• Crexendo, Inc. (NASDAQ:CXDO) rose 20% to $6.43 following upbeat quarterly results.
• Allient Inc. (NASDAQ:ALNT) gained 17.4% to $35.23 after the company reported better-than-expected fourth-quarter financial results.
• CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares climbed 17.2% to $348.73 after the company reported better-than-expected fourth-quarter earnings and revenues and issued upbeat guidance for FY25.
• Fulcrum Therapeutics, Inc. (NASDAQ:FULC) gained 17.2% to $12.85.
• JD.com, Inc. (NASDAQ:JD) climbed 17% to $25.08 after the company reported fourth-quarter results above estimates, a new buyback approval and annual cash dividend.
• Lexeo Therapeutics, Inc. (NASDAQ:LXEO) rose 14.8% to $15.00.
• Hippo Holdings Inc. (NASDAQ:HIPO) gained 14.6% to $16.58 after the company reported better-than-expected fourth-quarter financial results.
• Root, Inc. (NASDAQ:ROOT) climbed 13.7% to $44.46.
• HashiCorp, Inc. (NASDAQ:HCP) gained 11.1% to $26.64 following fourth-quarter financial results.
• Sibanye Stillwater Limited (NYSE:SBSW) climbed 10.6% to $4.3450.
• Mobileye Global Inc. (NASDAQ:MBLY) gained 10.6% to $27.59.
• Super Group (SGHC) Limited (NYSE:SGHC) rose 10.1% to $3.4350 following fourth-quarter results.
• Infinera Corporation (NASDAQ:INFN) gained 10% to $5.66. Infinera announced availability of next generation multi-haul optical line system functionality for industry-leading GX series platform.
• Palantir Technologies Inc. (NYSE:PLTR) climbed 10% to $26.19 after the company announced an Army contract. The company also announced customers will showcase their work in Palantir's AI platform at the AIPCon event on Mar. 7.
• CleanSpark, Inc. (NASDAQ:CLSK) rose 10% to $16.86.
• MicroStrategy Incorporated (NASDAQ:MSTR) rose 10% to $1,156.87. MicroStrategy shares fell over 21% on Tuesday after the company announced a proposed private offering of $600 million of convertible senior notes.
• Lyft, Inc. (NASDAQ:LYFT) climbed 9.4% to $18.45.
• Couchbase, Inc. (NASDAQ:BASE) shares gained 9.2% to $29.37 after the company reported upbeat fourth-quarter sales and issued upbeat revenue guidance for the first quarter.
• Insperity, Inc. (NYSE:NSP) rose 8.4% to $103.06.
• Hewlett Packard Enterprise Company (NYSE:HPE) gained 7.9% to $19.53.
• AeroVironment, Inc. (NASDAQ:AVAV) rose 7.7% to $179.96.
• Bilibili Inc. (NASDAQ:BILI) gained 7.4% to $10.91.
• NIO Inc. (NYSE:NIO) rose 5.9% to $5.80. On Tuesday, NIO reported fourth-quarter revenue of 17.10 billion yuan ($2.41 billion), up by 6.5% year-over-year and down by 10.3% from the previous quarter.

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