Gainers
Fast Radius, Inc. (NASDAQ: FSRD) shares climbed 172% to $0.2769 after dipping 40% on Wednesday. Fast Radius received Bankruptcy court approval of first day motions related to the company's voluntary Chapter 11 petitions filed on November 7.
N-able's (NYSE:NABL) short percent of float has fallen 4.2% since its last report. The company recently reported that it has 1.86 million shares sold short, which is 2.74% of all regular shares that are available for trading.
On average, software companies beat Q2 revenue estimates by 2% and profitability expectations by 5%, RBC analyst Matthew Hedberg said.
Q3 was guided lower for both revenue and profitability while stocks moved on average 2.1% higher the day following earnings.
N-able (NYSE:NABL) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.07 by 28.57 percent. The company reported quarterly sales of $91.60 million which beat the analyst
Companies Reporting Before The Bell
• Magic Software (NASDAQ:MGIC) is projected to report quarterly earnings at $0.27 per share on revenue of $131.70 million.
Acquisition of trusted Microsoft Cloud management and automation platform company addresses rapid shift to cloud, labor scarcity in market
N-able, Inc. (NYSE:NABL), a global software company helping IT