Stocks making the biggest moves midday: Atlassian, Apple, Roblox, Reddit, Twilio & more
Here are the stocks making headlines in midday trading. Atlassian — Shares of the workplace collaboration software company soared 23% after Atlassian unveiled rosy guidance for the full year. The company sees revenue growth of about 24% from the prior year versus its earlier call for growth of 22%. The outlook also surpassed the FactSet consensus estimate of a 22.2% increase. Top- and bottom-line results in the third quarter also beat the Street. nVent Electric — The electrical connection and protection provider for data centers and energy storage jumped 11% to an all-time high. First-quarter earnings per share excluding one-time items and revenue topped Wall Street analysts’ highest estimates, as did raised full year EPS ex-items guidance. Revenue for the year was forecast at 26% to 28% growth versus a consensus 18%, according to FactSet data. Cboe Global Markets — Shares popped 9% after the company announced plans to lay off about 20% of its workforce. First-quarter results also surpassed estimates, with adjusted earnings coming in at $3.70 per share on revenue of $728.9 million. The FactSet consensus sought $3.34 per share and $499.5 million. Apple — Shares were up 4%. For the fiscal second quarter , Apple’s earnings came in at $2.01 per share, while revenue landed at $111.18 billion. This beat the earnings of $1.95 a share and $109.66 billion in revenue analysts were looking for, per LSEG. Still, the company’s iPhone sales missed estimates for the second time in three quarters. Roku — The streaming stock popped 4% after Roku posted first-quarter revenue of $1.25 billion, beating the expected $1.20 billion, per FactSet. The company’s $148.4 million adjusted EBITDA was also ahead of estimates calling for $131.3 million. The company also sees adjusted EBITDA, revenue and gross profit for its current quarter coming above analysts’ expectations. Estee Lauder — Shares rose nearly 4% after the cosmetics company reported better-than-expected third-quarter sales and raised its annual forecast. The company earned 91 cents per share, excluding certain items, on $3.71 billion in revenue, compared with estimates for 65 cents in earnings per share and $3.69 billion in revenue, according to analysts polled by FactSet. Estee Lauder also announced plans to cut more jobs as part of its turnaround efforts. Amgen — The biotechnology stock slipped almost 6% after the company only slightly increased its full year forecast. Amgen is calling for adjusted earnings of $21.70 to $23.10 per share, up from its earlier guidance of $21.60 to $23 per share. The FactSet consensus estimate sought $22.33 per share. Rivian — Shares of the electric vehicle manufacturer tumbled 7% despite delivering a better-than-expected first quarter. Rivian reported a loss of 33 cents per share and $1.38 billion in revenue. Analysts polled by FactSet were braced for a loss of 63 cents per share and $1.37 billion in revenue. The automaker reaffirmed that it expects to sell 62,000 to 67,000 cars in 2026. Reddit — The social media platform operator jumped nearly 13%. Daily active users in the first quarter narrowly beat estimates, coming in at 126.8 million versus the StreetAccount consensus forecast for 125.9 million. Adjusted EBITDA for the current quarter is expected to range from $285 million to $295 million, versus the FactSet consensus call of $275.7 million. Roblox — Shares of the online gaming platform tanked 17%. Roblox slashed its guidance for full-year bookings, calling for a range of $7.33 billion to $7.60 billion. That’s down from an earlier forecast of $8.28 billion to $8.55 billion. Second-quarter bookings are expected to range from $1.55 billion to $1.61 billion versus the $1.83 billion estimate per LSEG. Paramount Skydance — Shares of the media conglomerate jumped 8% after Morgan Stanley double upgraded the stock to overweight from underweight. The acquisition of Warner Brothers Discovery, cost savings from artificial intelligence and an increasing focus on growing the streaming and studio assets portend well for the company’s stock, the bank argued. Twilio — Shares surged 20% after the cloud communications software maker reported first-quarter adjusted earnings of $1.50 per share, beating the $1.27 analysts polled by LSEG were looking for. Twilio’s $1.41 billion revenue also exceeded the $1.34 billion estimate. Meanwhile, for the current quarter the company sees its revenue coming in at a range higher than the Street’s estimate. Clorox — The consumer products company tumbled 9%. Investors grew worried about Clorox cutting its full-year profit outlook as consumers become more selective with their spending amid higher gas prices. In the third quarter, Clorox reported $1.64 in adjusted earnings per share compared to analysts polled by FactSet’s expectation for $1.55 in earnings per share. Revenue came in-line with expectations at $1.67 billion. Dexcom — Shares of the maker of continuous glucose monitoring systems added 2% following better-than-expected earnings. For the first quarter, Dexcom earned 56 cents per share, excluding items, on $1.19 billion in revenue. According to FactSet, analysts expected it to earn 47 cents per share on revenue of $1.17 billion. For 2026, Dexcom reiterated its revenue estimate of $5.16 billion to $5.25 billion. The consensus estimate is $5.23 billion. Veeva Systems — Shares popped nearly 11% after it was announced that the company will join the S & P 500 starting on May 7. Veeva will replace Coterra Energy on the broad index.Coterra’s stock slipped less than 1%. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. 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