U.S. equities experienced an upturn, with the Dow Jones index surging by more than 200 points on Wednesday.
Box, Inc. (NYSE:BOX) saw a significant uptick in its stock price during Wednesday’s trading session following the company’s announcement of better-than-anticipated fourth-quarter EPS and a $100 million extension of its stock repurchase initiative.
The company observed a 2% increase in total revenues year-over-year, with fourth-quarter billings rising by 6% to \(379.3 million. Additionally, Box provided a first-quarter revenue forecast that exceeded expectations, propelling its shares up by 7.3% to \)29.25.
Several other prominent stocks made notable gains in today’s market activity:
- TRxADE HEALTH, Inc. (NASDAQ:MEDS) surged by 39.2% to reach \(11.19 after revealing a special cash dividend of \)8 per share.
- American Public Education, Inc. (NASDAQ:APEI) climbed 31.8% to $14.99 following strong quarterly results.
- Dada Nexus Limited (NASDAQ:DADA) experienced a 30.6% increase to $2.5740 after addressing overstatements in certain revenues and associated costs in prior financial statements.
- Wave Life Sciences Ltd. (NYSE:WVE) rose by 28.5% to $6.16 post its encouraging quarterly performance.
- CareMax, Inc. (NASDAQ:CMAX) jumped by 23.8% to $14.72.
- Lantern Pharma Inc. (NASDAQ:LTRN) advanced by 22.6% to $5.90.
- Cerus Corporation (NASDAQ:CERS) saw a gain of 22.4% to $2.4350 after surpassing fourth-quarter GAAP EPS expectations.
- Crexendo, Inc. (NASDAQ:CXDO) increased by 20% to $6.43 following positive quarterly results.
- Allient Inc. (NASDAQ:ALNT) surged by 17.4% to $35.23 after exceeding fourth-quarter financial projections.
- CrowdStrike Holdings, Inc. (NASDAQ:CRWD) witnessed a 17.2% rise to $348.73 after reporting better-than-expected fourth-quarter earnings and revenues along with a favorable FY25 outlook.
- Fulcrum Therapeutics, Inc. (NASDAQ:FULC) gained 17.2% to $12.85.
- JD.com, Inc. (NASDAQ:JD) climbed by 17% to $25.08 subsequent to reporting fourth-quarter results above estimates, approving a new buyback, and announcing an annual cash dividend.
- Lexeo Therapeutics, Inc. (NASDAQ:LXEO) rose by 14.8% to $15.00.
- Hippo Holdings Inc. (NASDAQ:HIPO) increased by 14.6% to $16.58 after posting better-than-expected fourth-quarter financial results.
- Root, Inc. (NASDAQ:ROOT) climbed by 13.7% to $44.46.
- HashiCorp, Inc. (NASDAQ:HCP) gained 11.1% to $26.64 following its fourth-quarter financial results.
- Sibanye Stillwater Limited (NYSE:SBSW) rose by 10.6% to $4.3450.
- Mobileye Global Inc. (NASDAQ:MBLY) saw a 10.6% increase to $27.59.
- Super Group (SGHC) Limited (NYSE:SGHC) rose by 10.1% to $3.4350 after releasing its fourth-quarter results.
- Infinera Corporation (NASDAQ:INFN) gained 10% to $5.66 after announcing the availability of next-generation multi-haul optical line system functionality for its GX series platform.
- Palantir Technologies Inc. (NYSE:PLTR) climbed by 10% to $26.19 following the company’s Army contract announcement. Additionally, customers are set to showcase their work on Palantir’s AI platform at the AIPCon event on Mar. 7.
- CleanSpark, Inc. (NASDAQ:CLSK) rose by 10% to $16.86.
- MicroStrategy Incorporated (NASDAQ:MSTR) saw a 10% increase to \(1,156.87. The surge followed a 21% decline on Tuesday subsequent to the company’s announcement of a proposed private offering of \)600 million of convertible senior notes.
- Lyft, Inc. (NASDAQ:LYFT) climbed by 9.4% to $18.45.
- Couchbase, Inc. (NASDAQ:BASE) shares gained 9.2% to $29.37 after reporting robust fourth-quarter sales and issuing optimistic revenue guidance for the first quarter.
- Insperity, Inc. (NYSE:NSP) rose by 8.4% to $103.06.
- Hewlett Packard Enterprise Company (NYSE:HPE) advanced by 7.9% to $19.53.
- AeroVironment, Inc. (NASDAQ:AVAV) rose by 7.7% to $179.96.
- Bilibili Inc. (NASDAQ:BILI) gained 7.4% to $10.91.
- NIO Inc. (NYSE:NIO) rose by 5.9% to \(5.80. On Tuesday, NIO reported fourth-quarter revenue of 17.10 billion yuan (\)2.41 billion), marking a 6.5% increase year-over-year and a 10.3% decrease from the previous quarter.
For more insights: Bitcoin Falls Below This Key Level; Shiba Inu, eCash Among Top Losers