Friday Stocks to Watch Includes Zscaler, Marvell Technology, and More 

Stocks to Watch

The tone for Friday’s trading on Wall Street will be set by the monthly jobs data. Following the Fed-inspired gain earlier in the week, Wall Street had a dismal session on Thursday as it searched for direction. 

These Stocks Are Ones to Keep an Eye on Friday:

Stocks to watch

After reporting its quarterly earnings, Zscaler (NASDAQ:ZS) fell in premarket trade. This was just the latest event in a rough week for cybersecurity companies. Despite the company exceeding Q1 estimates and increasing its outlook, shares decreased by nearly 9%. 

    • On the conference call that followed the release of the earnings, however, the company’s leaders gave a few words of caution. They talked about “headwinds” in the future and how “most deals will be looked at more closely and for longer periods of time.”
    • Following the release of its quarterly report, Marvell Technology (MRVL) also saw a decline. The semiconductor company’s third-quarter profits fell short of expectations, and it provided a cautious outlook due to client inventory reductions. 5% of the shares fell before the market opened.
    • Kirkland’s (KIRK), whose shares fell by nearly 2% before the opening bell due to disappointing results. The store’s sales dropped by about 9% from the year before, and both its top and bottom lines were lower than expected.
    • Veeva Systems (VEEV) reported Q3 earnings that were better than anticipated. However, following the company’s dismal outlook, shares fell around 4% in premarket trading. In comparison to analysts’ consensus estimates of $557 million in revenue for the fourth quarter, the cloud-based software solution provider expects $551 million to $553 million.

Deep Value Ideas, a contributor to Seeking Alpha, outlines how to avoid “zombie companies” for a more comprehensive look at investing.

Featured Image: Pixabay @ StockSnap

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