After-Hours Stock Movers 12/01: (DWAC) (SNOW) (FIVE) Higher; (ESTC) (VEEV) (WE) Lower (more...)

December 1, 2021 6:12 PM EST

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After-Hours Stock Movers:

Digital World Acquisition Corp (NASDAQ: DWAC) 27.8% HIGHER; Former President Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at a valuation of close to $3 billion, according to Reuters, citing people familiar with the matter.

Snowflake (NYSE: SNOW) 13.3% HIGHER; reported Q3 revenues $334.4 million versus the consensus estimate of $305.51 million. Product revenue of $312.5 million, representing 110% year-over-year growth. Sees Q4 product revenue of $345-$350 million (up 94-96%). Sees FY product revenue of $1.126-$1.131 billion (up 103-104%).

Five Below (NASDAQ: FIVE) 8.4% HIGHER; reported Q3 EPS of $0.43, $0.14 better than the analyst estimate of $0.29. Revenue for the quarter came in at $607.6 million versus the consensus estimate of $563.68 million. Five Below sees Q4 2021 EPS of $2.36-$2.48, versus the consensus of $2.49. Five Below sees Q4 2021 revenue of $985-1005 million, versus the consensus of $1000 million.

Elastic N.V. (NYSE: ESTC) 7.4% LOWER; reported Q2 EPS of ($0.09), $0.07 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $206 million versus the consensus estimate of $194.57 million. Elastic N.V. sees Q3 2022 EPS of ($0.24)-($0.20), versus the consensus of ($0.22). Elastic N.V. sees Q3 2022 revenue of $207-209 million, versus the consensus of $202.59 million. Elastic N.V. sees FY2022 EPS of ($0.61)-($0.51), versus the consensus of ($0.60). Elastic N.V. sees FY2022 revenue of $826-832 million, versus the consensus of $813.74 million.

Veeva Systems (NYSE: VEEV) 5.6% LOWER; reported Q3 EPS of $0.88, in-line with the analyst estimate of $0.88. Revenue for the quarter came in at $479.1 million versus the consensus estimate of $465.91 million. Veeva Systems sees Q4 2022 EPS of $0.88, versus the consensus of $0.86. Veeva Systems sees Q4 2022 revenue of $478-480 million, versus the consensus of $479.5 million.

WeWork (NYSE: WE) 5.2% LOWER; Disclosed Non-Reliance on Previously Issued Financial Statements or Related Audit Report or Completed Interim Report.

C3.ai (NYSE: AI) 2.6% HIGHER; reported Q2 EPS of ($0.23), $0.05 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $58.3 million versus the consensus estimate of $56.9 million. C3.ai sees Q3 2022 revenue of $66-68 million, versus the consensus of $65.6 million. Non-GAAP loss from operations ($26.0) - ($30.0). C3.ai sees FY2022 revenue of $248-251 million, versus the consensus of $246 million.

CrowdStrike Holdings Inc. (NASDAQ: CRWD) 2.2% HIGHER; reported Q3 EPS of $0.17, $0.07 better than the analyst estimate of $0.10. Revenue for the quarter came in at $380.1 million versus the consensus estimate of $363.48 million. CrowdStrike Holdings Inc. sees Q4 2022 EPS of $0.19-$0.21, versus the consensus of $0.16. CrowdStrike Holdings Inc. sees Q4 2022 revenue of $406.5-412.3 million, versus the consensus of $400 million.

Okta, Inc. (NASDAQ: OKTA) 1.8% HIGHER; reported Q3 EPS of ($0.07), $0.16 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $351 million versus the consensus estimate of $327.01 million. Okta, Inc. sees Q4 2022 EPS of ($0.25)-($0.24), versus the consensus of ($0.28). Okta, Inc. sees Q4 2022 revenue of $358-360 million, versus the consensus of $354.8 million.



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