Stocks making the biggest moves midday: TLRY, CRM, CRWD

Check out which companies are making headlines in the midday trading.

Sales force The cloud software company saw its shares jump 3% after it reported quarterly results and guidance that beat Wall Street expectations. Salesforce has been growing in all five of its product categories, and CEO Marc Benioff sees future expansion through AI.

Crowd Strike The cybersecurity company jumped 9.3% after it not only beat analyst expectations for the second quarter in terms of top and bottom results late Wednesday, but also issued positive earnings and revenue guidance for the third quarter and the full year.

dollar general — The discount retail chain fell 12.2% Thursday after reporting second-quarter earnings per share of $2.13, lower than StreetAccount’s consensus estimate of $2.47. Guidance for the second quarter and the full year was also disappointing.

Cannabis Stocks – Cannabis stocks rose a day after the US Department of Health and Human Services recommended easing restrictions on marijuana and classifying it as a low-risk drug. canopy growth, Tilray brands And Kronos Group It gained 25.8%, 11.3% and 9.6%, respectively.

Sienna — Networking Equipment stock rose nearly 16% after beating Wall Street’s fiscal third-quarter earnings forecasts both above and below. Revenue was up 23% from last year and the company said it expects fiscal 2024 to be a year of growth. Ciena also expects AI adoption to contribute to growth in the long term.

Palantir Technologies Data analytics stock fell 8.3% after a downgrade by Morgan Stanley, which said difficulties monetizing artificial intelligence could send the share price down more than 40%. The company gave Palantir an underweight rating.

Arista Networks Networking equipment stock rose 4.4% after Citi upgraded Arista Networks to a buy rating, citing its long-term exposure to artificial intelligence.

Okta Shares of Okta rose 13.5% after the access management company beat analyst expectations for second-quarter earnings and issued a strong full-year forecast. The company reported adjusted earnings of 31 cents per share, excluding items, on revenue totaling $556 million. That came ahead of the 22 cents earnings per share and $535 million in revenue expected by analysts Refinitiv polled.

five below Discount retail shares fell 6% on disappointing third-quarter guidance. For the current period, Five Below said it expects revenue to be between $715 million and $730 million, versus the $738 million expected by analysts surveyed by StreetAccount. Earnings per share estimates also came in below expectations.

Shopify Shares rose 10.8% after Shopify announced late Wednesday that its merchants on its e-commerce platform can use Amazon’s “Buy with Prime” option. Amazon’s new app to the Shopify ecosystem gives merchants access to benefits like fast and free delivery outside of Prime.

ring jewelry – Jewelry stock jumped 5% after Signet reported a stronger-than-expected second quarter. The company reported $1.55 in adjusted earnings per share on $1.61 billion in revenue. Analysts surveyed by StreetAccount were expecting $1.45 in earnings per share on $1.58 billion in revenue. The company also said it expects a multi-year contract recovery to begin later this year.

UPS – US-listed shares rose 5.6% after the Swiss-based bank beat earnings expectations and announced a series of job cuts with the merger of Credit Suisse following its latest acquisition. Stocks reached their highest level in years during the Thursday session.

Chewy Shares of Chewy fell more than 12%. The pet food retailer beat expectations with surprise earnings of 4 cents per share, but said active users fell year-over-year. The company also noted that customers are becoming more cautious.

Victoria’s Secret The intimate apparel stock rose nearly 7% even after missing second-quarter earnings expectations on both the top and bottom lines. Victoria’s Secret also said it expected a larger-than-expected loss for the current quarter.

UGI Shares of UGI were up nearly 9% in midday trading. Natural gas and electricity facilities He said Thursday Its Board of Directors will explore strategic alternatives, including reviewing UGI’s cost structure and capital allocation priorities.

Sky West – The regional airline jumped 8.9% after an upgrade to outperform market by Raymond James. The company said the company has an improved outlook for hiring pilots.

— CNBC’s Tanaya Machel, Sarah Min, Yun Li, Alex Haring, Michelle Fox, Piya Singh and Jessie Pound contributed reporting.