Visitors flock around Nvidia’s booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai.
STR | AFP | Getty Images
Check out the companies that are owners in the noon trade.
Didi Global – The shares of the Chinese giant that made the trip rose 3%, at a double-digit profit rate a week, amid a Bloomberg News report on Beijing that could take over the company. Beijing is looking at a plan to take Didi under state control by acquiring a stake through government companies, including the Beijing Tourism Group, according to the report. According to the report, it remains an early-stage proposal pending government approval, citing people familiar with the matter.
MongoDB: The shares of the database company rose nearly 25% on Friday after reporting quarterly results Thursday at the end. The firm recorded a loss of 24 cents per share, which was narrower than the loss of 39 cents estimated by analysts. Still, it exceeded revenue estimates and gave a positive direction on revenue for the current quarter.
PagerDuty: Software company PagerDuty jumped more than 11% after reporting quarterly results. It reported an adjusted loss of 13 cents per share, compared to analysts estimated at 11 cents, but issued a strong outlook on current quarter earnings.
DocuSign: Electronic signature solution provider saw its shares rise 5% after reporting adjusted earnings of 47 cents per share, which exceeded Wall Street forecasts by 7 cents. DocuSign also raised its full-year focus on total revenue, subscription revenue, and billing.
Joann Inc: Craft company shares plunged more than 16% after Telsey lowered market shares to outperform and lowered the stock’s target price to $ 14, from $ 18. The firm said there is “limited visibility” on how sales will normalize in a post-Covid era, after Joann saw increased demand during the pandemic.
Broadcom: Chip maker rose more than 1% after reporting quarterly earnings. The company posted adjusted earnings of $ 6.96 per share, beating estimates by 8 cents. It also slightly outperformed quarterly revenue and gave an optimistic outlook for the current quarter, saying it continues to experience strong demand in the 5G mobile market.
fuboTV: The sports broadcasting company rose 1.5% after the Arizona gaming department granted FuboTV a state-of-the-art mobile betting license. This makes Arizona the second state to allow mobile betting on Fubo, following its recent approval by the state of Iowa.
Nvidia: Shares gained 1.8% after Jefferies reiterated its stock purchase rating and raised its target price to $ 260, from $ 233. The firm said Nvidia may run even harder due to its growing data center and software segment.
– CNBC’s Yun Li and Hannah Miao contributed to the communication
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