Check out companies making headlines in noon trading: KB Home – Homebuilder stocks fell 5.2% after posting topline and bottomline errors in the first quarter. KB Home won $1.49 per share with revenue of $1.39 billion. Analysts voted by LSEG were looking for $1.58 per share in profits and $1.5 billion in revenue. The company also cut revenue guidance for fiscal year 2025. CloudFlare – The network security company’s stocks performed by jumping over 2% behind the Bank of America double upgrade. The bank said the basics of CloudFlare have been improved and stocks are an underrated game about artificial intelligence. OKLO – Nuclear Technology Company reduced 6.4% after reporting wider annual losses compared to a year ago. Oklo also said he expects to suffer “large expenses and continued financial losses.” Crowdstrike Holdings – Cybersecurity firms saw that stocks rose more than 3% after BTIG upgraded its shares to buy from neutral. The Wall Street company said CrowdStrike has “much better visibility” in its forecast as the IT outage has been eight months in the rearview mirror. Trump Media – Stocks rose about 8.9% after President Donald Trump’s true social platform parents announced a deal with Crypto.com and launched a series of exchange trade funds and related products. The company has announced that it plans to launch its funds later in 2025. MobileYe – Autonomous driving stock rose approximately 8.7%. Volkswagen has announced that it will work with the company to promote assistance and autonomous driving technology. Crown Castle – Communications stock fell 3.7% after Crown Castle’s board announced it had ended CEO Stephen Moskowitz. Chief Financial Officer Dan Schlander will serve as interim CEO. Crown Castle also reaffirmed previously set Finance 2025 guidance. – CNBC’s Alex Hurling, Yun Lee, Lisa Kailay Han, Michelle Fox and Sean Conlong reported. Get tickets for Pro Live Join us on the New York Stock Exchange! An uncertain market? Earn Edge with CNBC Pro Live, the first exclusive event on the historic New York Stock Exchange. Access to expert insights is paramount in today’s dynamic financial situation. As a CNBC Pro subscriber, we encourage you to take part in the first exclusive, in-person CNBC Pro live event held at the iconic NYSE on Thursday, June 12th. Join ProSCarter Worte, an interactive pro clinic led by Dan Niles and Dan Ives, along with a special edition of Pro Talks with Tom Lee. You will also get the opportunity to network with CNBC experts, talent and other pro subscribers during exciting cocktail hours on the legendary trading floor. Tickets are limited!
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