Movers: Crowdstrike, DoorDash, HPE, NetApp, Petco, Workday

Scott Peters
30 Nov, 2022
New York City

Crowdstrike Holdings Inc plunged 16.6% to $115.16 after the cybersecurity company reported higher-than-expected sales and earnings in its latest quarter.

However, the company guided weaker-than-expected revenue growth.

DoorDash Inc increased 7.7% to $57.43 after the company CEO Tony XU said it plans to layoff 1,250 corporate staff amid economic slowdown and the need to cut costs.

The company employed about 8,600 at the end of 2021 and about 50% of its staff has been with the company less than two years, according to the filings with the SEC.

Hewlett Packard Enterprise Co increased 8.1% to $16.72 after the company reported quarterly results ahead of expectations and issued a stronger revenue outlook. 

NetApp Inc declined 5.9% to $67.52 after the cloud computing company reported weaker-than-expected quarterly results. 

The company also estimated weaker sales growth citing macro headwinds and businesses taking longer to decide on technology spending. 

Petco Health & Wellness Company Inc soared 13.9% to $10.81 after the retailer of pet food and products reported better-than-expected quarterly results.

Same store sales in its latest quarter increased 4.1% and net revenue in the fiscal third quarter ending in October rose 4.0% to $1.5 billion.

Net income declined 62% to $19.9 million from $52.7 million and diluted earnings per share fell to 7 cents from 20 cents a year ago.

Workday Inc increased 16.3% to $166.72 after the company reported quarterly earnings ahead of expectations. 

Revenue in the fiscal third quarter ending in October increased 20.5% to $1.6 billion. 

The software developer swung to a net loss of $74.7 million from a profit of $43.4 million or diluted loss per share of 29 cents from 17 cents profit a year ago.