DocuSign Soars, Marvell Dips in After-Hours Drama

DocuSign and Gap excel in after-hours trading, while Marvell and ADM face hurdles, highlighting diverse market reactions.

By Bill Bullington

3/7, 19:11 EST
Archer-Daniels-Midland Company
DocuSign, Inc.
MongoDB, Inc.
Marvell Technology, Inc.

DocuSign Surges, Marvell Falters, Gap Shines: A Snapshot of After-Hours Stock Action

After-hours Stock Action

DocuSign (DOCU): Earnings Beat Boosts Stock

  • Strong Performance: Up 10% after hours on significant earnings beat and revenue exceeding expectations.
  • Recent Challenges: Despite recent cost-cutting measures and buyout talks, stock remains down by 18% over the past year.

MongoDB (MDB): Guidance Woes Lead to Decline

  • Bleak Outlook: Shares down in extended trading due to weak Q1 and full-year guidance despite previous earnings beat.
  • Mixed Performance: Stock is 20% off its February high but still up by 84% in the last year.

Marvell Technology (MRVL): Disappointing Guidance Dampens Sentiment

  • Missed Expectations: Deep decline on lower-than-expected guidance with earnings projection nearly half of analyst estimates.
  • Recent Moves: Added $3 billion to buyback program following prior-quarter results in line with estimates.

Gap Inc. (GPS): Retail Winner Soars Post-Earnings Beat

  • Positive Results: Gap jumps after strong earnings beat, surpassing same-store sales and gross margin expectations.
  • Market Positioning: Among top retail gainers, up by 60% over the past year despite being slightly off recent highs.

Archer-Daniels-Midland (ADM): Subpoenas Impact Gains

  • Late Pullback: Gains curtailed as FBI issues grand jury subpoenas related to ongoing probe on accounting practices.
  • Regulatory Concerns: Stock down by 20% since internal probe announcement in January sparked by SEC inquiry.