Aleksandra Zhilenkova
Stock futures inched higher on Wednesday ahead of Federal Reserve Chairman Jerome Powell’s testimony.
Here are some of Wednesday’s biggest stock movers:
Biggest stock gainers
- CrowdStrike Holdings (NASDAQ:CRWD) shares surged 25% following the cybersecurity firm’s impressive Q4 results and guidance, which exceeded expectations. The company reported a robust quarter, with net new ARR (Annual Recurring Revenue) growth accelerating to 27% Y/Y and ending ARR growing by 34% Y/Y. For Q1, CrowdStrike anticipates adjusted EPS of $0.89 to $0.90, exceeding the consensus of $0.82, and revenue between $902.2M and $905.8M, exceeding the consensus of $898.8M. For FY2025, it projects adjusted EPS between $3.77 and $3.97, surpassing the consensus of $3.76 per share, with sales expected to range from $3.92B to $3.989B, against a consensus of $3.94B in sales. Additionally, CrowdStrike is acquiring cybersecurity startup Flow Security, primarily in cash, with the acquisition expected to close in Q1.
- Box (NYSE:BOX) shares rose over 3% after the company’s Q4 results surpassed expectations. For Q1, Box expects adjusted EPS of $0.35 to $0.36, lower than the consensus of $0.38, and revenue of $261M to $263M, slightly above the consensus of $260.97M. For FY2024, Box forecasts revenue of $1.08B to $1.085B, compared to the consensus of $1.09B, with EPS ranging from $1.53 to $1.57, below the consensus of $1.70. Box also announced a new integration with Microsoft’s (MSFT) Azure OpenAI Service to enhance its Box AI capabilities.
Biggest stock losers
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Despite exceeding consensus expectations in Q4, shares of Nordstrom (NYSE:JWN) plummeted as much as 10% after the department store chain’s outlook for FY2024 disappointed investors. For FY2024, Nordstrom forecasts EPS in the range of $1.65 to $2.05, with revenue expected to decline by 2% to increase by 1%. This outlook contrasts with the consensus of $1.97 per share in earnings on $14.65B in revenue. Comparable store sales are projected to decline by 1% and increase by 2.0%.
