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Asana, Marvell, Zscaler, Uber fall premarket; PagerDuty rises

Published 2022/12/02, 15:08
© Reuters

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, December 2nd. Please refresh for updates.

  • Asana (NYSE:ASAN) stock fell 14% after the work management platform company cut its annual revenue guidance despite reporting healthy third-quarter results as the weaker macroeconomic backdrop continued to weigh.

  • Zscaler (NASDAQ:ZS) stock fell 9.4% after the cloud security company offered up conservative guidance, saying it’s taking longer than usual to close deals.

  • Marvell (NASDAQ:MRVL) stock fell 4.7% after the semiconductor company reported weaker-than-expected quarterly earnings and revenue, as well as disappointing fourth-quarter guidance.

  • PagerDuty (NYSE:PD) stock rose 7.6% after the cloud computing company beat expectations for a quarterly loss by reporting a small profit in the third quarter.

  • Tesla (NASDAQ:TSLA) stock rose 0.6% after the electric vehicle manufacturer delivered its first heavy-duty Semi without offering updated forecasts for the truck's pricing or production plans.

  • Uber (NYSE:UBER) stock fell 0.4% after the CEO of the ride-hailing firm, Dara Khosrowshahi, said he isn’t considering cutting jobs even as competitors slash staff to cut costs given the uncertain economic outlook.

  • Uipath (NYSE:PATH) stock rose 14% after the automation software firm reported upbeat quarterly earnings, with revenue increasing 19% year-over-year.

  • DoorDash (NYSE:DASH) stock fell 2.4% after RBC downgraded its stance on the online food delivery company to ‘sector perform’ from ‘outperform’, citing slower order growth.

  • Blackstone (NYSE:BX) stock fell 1.6% after Barclays downgraded the investment management company to ‘equal weight’ from ‘overweight’, after the firm limited withdrawals from its flagship private real estate fund.

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