Check PayPal for the biggest travel day and night. Payment stocks fell by more than 2% after Chief Financial Officer Jamie Miller said the company had “more jobs” to achieve profitable growth. She added, “I am encouraged by many different elements of what we see.” Ciena – Optical Network Systems Company’s stock rose 18%, surpassing its third quarter forecast. Ciena has earned 67 cents per share with revenues of $1.22 billion. Analysts voted by FactSet estimated earnings of 53 cents per share against revenue of $1.17 billion. We also raised our forecasts for the fourth quarter revenue guidance. GAP – Retailer’s stock has won around 5% after the company announced it would expand to beauty starting with the old navy brand. It marks a strategic shift for apparel retailers as it enters one of the most resilient retail segments in recent years. Shoe Carnival – Shoe retailers surged 14.2%. Shoe Carnival has raised the low end of its year-round guidance range for earnings per share. Texas Instruments – Chipmakers fell nearly 5%. Its finance chief, Rafael Rizardi, told a meeting Thursday that demand has cooled since President Donald Trump’s tariff announcement in April. Salesforce – Cloud companies fell 6% in salesforce after third quarter revenue was led between $10.24 billion and $10.29 billion. However, Salesforce recorded second quarter beats on both the top line and bottom line. American Eagle – Shares surged 34% after apparel retailers posted second-quarter revenues to $1.28 billion with revenue of 45 cents per share. Analysts had expected earnings of 21 cents per share and revenues of $1.24 billion per LSEG. The company’s second quarter beat could be partly attributed to an ad campaign with actress Sidney Sweeney, what the American Eagle ever called “the best.” C3.AI – The manufacturer of custom artificial intelligence applications fell 3% after posting a fiscal first quarter adjusted loss that analysts predicted. Revenues also fell below expectations. Additionally, the company has retracted its guidance for the full year of the previous year as it appointed a new CEO and restructured its sales and services organization. Figma – The design software maker plummeted 17% after releasing quarterly results for the first time since it was released. Although Figma’s revenues were even broken, its $249.6 million revenue exceeded the LSEG estimate of $248.8 million. Hewlett Packard Enterprise – Enterprise Information Technology Company added nearly 4% after earnings in the third quarter at 44 cents, surpassing the 43 cent analysts voted by LSEG. Hewlett Packard’s $9.14 billion revenue also won the forecast demanding $8.53 billion. The company also raised full-year revenue guidance. ASANA – Stocks rose 8% after labor management firm reported second-quarter adjusted earnings of 6 cents in revenue of $197 million, higher than five cents per share, with revenue analysts surveyed by LSEG. GITLAB – Developer Tools Software Maker has dropped 8% after publishing third-quarter revenue guidance, which is under the estimated $242 million, between $238 million and $239 million. Gitlab currently looks at its annual revenues between $936 million and $942 million, while analysts estimate $941 million per LSEG. The company’s chief financial officer, Brian Robbins, will also step down on September 19th. However, Gitlab posted its second quarter revenue and revenue beats. CREDO Technology – Stocks jumped to 8% after data infrastructure stocks captured 52 cents first quarter adjusted revenue. The company’s $223.1 million revenue also exceeded its $109.6 million forecast. CREDO’s second quarter revenue guidance ranged between $230 million and $240 million, while analysts had expected $20.19 million per fact set. Toyota Motor, Honda Motor – Japanese automakers rose 2% and 1% respectively after Reuters reported that Japan and the US were approaching deals to lower car rates, citing Japanese government sources. Collections lower than the current US tariff rates for Japan Motors, between 15% and 27.5%, could be effective by the end of the month, sources said. – Reported by Lisa Han, Yun Li, Michelle Fox and Alex Harring of CNBC.
Noon stock making the biggest move: gap, AEO, CRM, fig
