Shares of MongoDB Inc (NASDAQ:MDB) and Zscaler Inc (NASDAQ:ZS) are having vastly different post-earnings reactions. The former is down 22.6% to trade at $239.96 at last check, brushing off a first-quarter earnings and revenue win after issuing a dismal full-year forecast. Meanwhile, the latter was last seen up 12.9% at $176.88 after a fiscal third-quarter top- and bottom-line beat, as well as a strong fiscal fourth-quarter outlook.
No fewer than 17 analysts have slashed their price targets on MDB, including UBS, Mizuho, and Scotiabank to $250. The stock is now trading at its lowest level in nearly one year, after its latest rally ran into overhead pressure at the 60-day moving average. Shares are down 24.1% this year, and on track for their eighth-straight daily loss.
Zscaler stock is getting mixed reactions from the brokerage bunch, with six price-target cuts and four hikes doled out. The equity is on track for its first close above the 50-day trendline since February, and eyeing its best single-day percentage pop since May 2023. ZS is down 20.6% this year, though.
The options pits are in frenzy. MDB has 25,000 calls and 41,000 puts exchanged so far today -- 11 times the intraday average volume -- with positions being opened at the most popular weekly 5/31 220-strike put. For ZS, it's 27,000 calls and 19,000 traded, or 5 times the volume normally seen at this point, and positions opening at the leading 180-strike call in that aforementioned series.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
