Tech Stocks See Turbulent After-Hours Movements

Shares of several major technology companies experienced significant shifts in after-hours trading, reflecting both investor reactions to earnings reports and future financial forecasts. Marvell Technology's shares plunged approximately 13% following the company's announcement of its fiscal fourth-quarter earnings. Despite reporting adjusted earnings of 60 cents per share on revenue of $1.82 billion, the results were only slightly ahead of analysts' predictions, who had forecasted earnings of 59 cents per share on revenue of $1.80 billion.

Marvell also disclosed a net loss of $131.0 million for the full year, a notable increase from the $55.8 million net loss reported in the previous year. This widening loss may have contributed to the sharp decline in its stock price, as investors assessed the company's financial health and future prospects.

Meanwhile, MongoDB saw its stock drop nearly 18% after releasing its future earnings forecast. The company projected adjusted earnings of $2.44 to $2.62 per share for the fiscal year ending in January 2026, falling short of the $3.38 per share consensus estimate from analysts polled by FactSet. However, MongoDB did surpass expectations with its fourth-quarter revenue, showcasing a complex financial picture for the database software company.

Victoria's Secret also faced a 5% decline in its stock price. The company's first-quarter revenue projection of $1.30 billion to $1.33 billion missed analysts' expectations of $1.39 billion, according to LESG's polling. This gap between projected and expected figures might have led to investor concern, contributing to the decrease in stock value.

On a more positive note, Zscaler's shares rose 4% as the company reported strong quarterly financials that exceeded analysts' expectations. The cybersecurity company delivered 78 cents per share in adjusted earnings on revenue of $648 million for its fiscal second quarter, surpassing LSEG's forecast of 69 cents per share and revenue of $636 million. This outperformance likely bolstered investor confidence, resulting in the uptick in Zscaler's stock price.

Grindr also experienced a steep decline, with its stock falling roughly 12%, further evidencing the volatility seen in tech stocks during this period.