Box Reports Upbeat Earnings, Joins American Public Education, Wave Life Sciences And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were higher, with the Dow Jones index gaining more than 200 points on Wednesday.

Shares of Box, Inc. BOX rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter EPS and announced a $100 million expansion of its stock repurchase program.

Total revenues were up 2% on a year-over-year basis. Billings were up 6% in the fourth quarter, coming in at $379.3 million. The company also issued first-quarter revenue guidance above estimates.

Box shares climbed 7.3% to $29.25 on Wednesday.

Here are some other big stocks recording gains in today’s session.

• TRxADE HEALTH, Inc. MEDS shares jumped 39.2% to $11.19 after the company announced a special cash dividend of $8 per share.
• American Public Education, Inc. APEI rose 31.8% to $14.99 following upbeat quarterly results.
• Dada Nexus Limited DADA jumped 30.6% to $2.5740. Dada Nexus said certain revenues and associated costs were overstated in past financial statements.
• Wave Life Sciences Ltd. WVE rose 28.5% to $6.16 following upbeat quarterly results.
• CareMax, Inc. CMAX jumped 23.8% to $14.72.
• Lantern Pharma Inc. LTRN climbed 22.6% to $5.90.
• Cerus Corporation CERS gained 22.4% to $2.4350 after the company reported better-than-expected fourth-quarter GAAP EPS results.
• Crexendo, Inc. CXDO rose 20% to $6.43 following upbeat quarterly results.
• Allient Inc. ALNT gained 17.4% to $35.23 after the company reported better-than-expected fourth-quarter financial results.
• CrowdStrike Holdings, Inc. CRWD shares climbed 17.2% to $348.73 after the company reported better-than-expected fourth-quarter earnings and revenues and issued upbeat guidance for FY25.
• Fulcrum Therapeutics, Inc. FULC gained 17.2% to $12.85.
• JD.com, Inc. JD climbed 17% to $25.08 after the company reported fourth-quarter results above estimates, a new buyback approval and annual cash dividend.
• Lexeo Therapeutics, Inc. LXEO rose 14.8% to $15.00.
• Hippo Holdings Inc. HIPO gained 14.6% to $16.58 after the company reported better-than-expected fourth-quarter financial results.
• Root, Inc. ROOT climbed 13.7% to $44.46.
• HashiCorp, Inc. HCP gained 11.1% to $26.64 following fourth-quarter financial results.
• Sibanye Stillwater Limited SBSW climbed 10.6% to $4.3450.
• Mobileye Global Inc. MBLY gained 10.6% to $27.59.
• Super Group (SGHC) Limited SGHC rose 10.1% to $3.4350 following fourth-quarter results.
• Infinera Corporation INFN gained 10% to $5.66. Infinera announced availability of next generation multi-haul optical line system functionality for industry-leading GX series platform.
• Palantir Technologies Inc. PLTR climbed 10% to $26.19 after the company announced an Army contract. The company also announced customers will showcase their work in Palantir's AI platform at the AIPCon event on Mar. 7.
• CleanSpark, Inc. CLSK rose 10% to $16.86.
• MicroStrategy Incorporated MSTR rose 10% to $1,156.87. MicroStrategy shares fell over 21% on Tuesday after the company announced a proposed private offering of $600 million of convertible senior notes.
• Lyft, Inc. LYFT climbed 9.4% to $18.45.
• Couchbase, Inc. BASE shares gained 9.2% to $29.37 after the company reported upbeat fourth-quarter sales and issued upbeat revenue guidance for the first quarter.
• Insperity, Inc. NSP rose 8.4% to $103.06.
• Hewlett Packard Enterprise Company HPE gained 7.9% to $19.53.
• AeroVironment, Inc. AVAV rose 7.7% to $179.96.
• Bilibili Inc. BILI gained 7.4% to $10.91.
• NIO Inc. NIO rose 5.9% to $5.80. On Tuesday, NIO reported fourth-quarter revenue of 17.10 billion yuan ($2.41 billion), up by 6.5% year-over-year and down by 10.3% from the previous quarter.

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