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Check out the companies making headlines in midday trading.
Salesforce — The cloud software company saw its stock jump 3% after Salesforce announced quarterly results and guidance that surpassed Wall Street's expectations. Salesforce delivered growth in all five of its product categories, and CEO Marc Benioff sees expansion ahead through artificial intelligence.
CrowdStrike — The cybersecurity company jumped 8.7% after it not only beat analysts' second-quarter expectations on the top and bottom lines late Wednesday but also issued positive earnings and revenue guidance for the third quarter and full year.
Dollar General — The discount retail chain plunged 13% on Thursday after reporting second-quarter earnings per share of $2.13, which was lower than the StreetAccount consensus estimate of $2.47. Guidance for the second-quarter and full year also disappointed.
Cannabis stocks — Cannabis stocks popped a day after the the Department of Health and Human Services recommended easing restrictions on marijuana and classifying it as a lower-risk drug. Canopy Growth, Tilray Brands and Cronos Group gained 21%, 8.6%, and 10.2%, respectively.
Palantir – The data analytics stock dropped 10% following a downgrade from Morgan Stanley, which said difficulties monetizing artificial intelligence could drive the share price down more than 40%. The firm gave Palantir an underweight rating.
Arista Networks — The networking equipment stock rose 3.8% after Citi upgraded Arista Networks to a buy rating, citing its long-term artificial intelligence exposure.
Okta — Okta shares surged 12.4% after the access management company topped analysts' second-quarter earnings expectation and issued a strong full-year outlook. The company
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