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%.
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- 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.
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Featured Image: Pixabay @ StockSnap
Author Jowi Kwasu 
