Wall Street finished the trading week on a strong note, with all major indices recording gains as investors digested the latest US jobs data, which fell short of expectations.
The tech-heavy Nasdaq posted the largest gain with 0.70 percent, followed by the S&P 500 with 0.55 percent, and the Dow Jones by 0.52 percent.
Ten companies across mixed sectors bucked a wider market optimism, ending Friday in the red territory. In this article, we have listed the 10 worst-performing names and detailed the reasons behind their performance.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
Source:Pexels
10. MicroStrategy Incorporated (NASDAQ:MSTR)
MicroStrategy Incorporated, doing business as Strategy, dropped by 5.57 percent on Friday to end at $287.18 apiece as investors soured on the lack of more active support for the cryptocurrency industry from the recently concluded cryptocurrency summit at the White House.
The summit, which was joined by MSTR founder Michael Saylor, finished only with news that President Donald Trump had signed an order that would establish a “strategic Bitcoin reserve,” a report that was already priced in by investors over the past few weeks.
While the measure has been actively pushed by the cryptocurrency community, the order indicated that the reserve would only compromise Bitcoin holdings previously seized by federal law enforcement agencies.
Another stockpile would also be created to hold non-bitcoin digital assets, namely Ethereum and Ripple, that have been seized in enforcement proceedings.
MSTR’s drop was in line with the decline in Bitcoin prices, which, as of this writing, was down to the $86,000 level.
9. On Holding AG (NYSE:ONON)
On Holding declined for a second day on Friday, shedding 5.79 percent to finish at $46.66 apiece as investors pocketed gains following a surge in its price during the trading week buoyed by its strong earnings performance.
On Tuesday, ONON announced that its net income in the fiscal year 2024 tripled to CHF242.3 million from CHF79.6 million in 2023. It also swung to a net profit of CHF89.5 million in the fourth quarter of the year from a net loss of CHF26.8 million in the same period a year earlier.
Net sales for the full-year period grew 29.4 percent to CHF2.318 billion from CHF1.792 billion, while net sales for the quarter rose 35.7 percent to CHF606.6 million from CHF447.1 million.
For this year, ONON expects to achieve a constant currency growth rate of at least 27 percent, translating to net sales of at least CHF2.94 billion at current spot rates.
8. Costco Wholesale Corp. (NASDAQ:COST)
Costco fell back to the $900 territory on Friday, losing 6.07 percent to finish at $964.31 apiece as investor sentiment was disappointed by missed earnings estimates for the first half of fiscal year 2025.
In its latest earnings release, COST said net income rose by 2.5 percent to $1.788 billion, or $4.02 per diluted share. This compared with $1.743 billion, or $3.92 per diluted share, in the last quarter of the year, thanks to a $94-billion tax benefit due to the deductibility of the $15 per share special dividend to the extent received by 401(k) plan participants.
Analysts expected the company to post $4.11 per share.
Net profit for the second half stood at $3.59 billion, or $8.06 per diluted share, compared with $3.33 billion, or $7.49 per diluted share, last year.
7. The Cooper Companies Inc. (NASDAQ:COO)
The Cooper Companies fell to an all-time low of $82.61 apiece on Friday as investors soured on its missed earnings expectations, albeit buying persisted throughout the end of the trading to end the day just down by 6.57 percent at $85.
COO, a global medical device company that owns CooperVision and CooperSurgical, traded lower despite higher earnings performance in the first quarter of the fiscal year 2025.
According to the company, net income rose by 28 percent to $104.3 million from $81.2 million in the same period a year earlier, while net sales inched up by 3.5 percent to $964.7 million from $931.6 million year-on-year.
For the full year, COO expects total revenues to grow between 6 to 8 percent to a range of $4.08 billion to $4.158 billion.
“We started the year on a positive note, meeting our revenue expectations and exceeding our operational targets. Moving forward, we remain confident in our ability to deliver strong growth and operational excellence, and this is reflected in our guidance,” said COO President and CEO Al White.
6. VF Corporation (NYSE:VFC)
VF Corp. declined by 6.96 percent to finish at $19.13 apiece as investors soured on the lack of clear guidance on its sales outlook during its recently concluded investor day.
Instead, investors focused on the potential risks that it could face from the ongoing trade war among the US, Canada, China, and Mexico, where it houses various facilities.
During the investor day, VFC noted key achievements over the past 18 months, including cost reduction, lower net debt, improved business performance in the Americas, and an advanced Vans brand turnaround.
“As part of our completely reset leadership team, our new brand presidents are perfectly placed to leverage their rich experience in the areas of product and marketing to grow our brands,” said VFC President and CEO Bracken Darrell.
Darrell said VFC would adopt ‘The VF Way’ in the firm’s next transformation plan, which aims to empower brands by enhancing creativity and building functional excellence to fuel long-term growth.
5. Confluent Inc. (NASDAQ:CFLT)
Confluent saw its share prices drop by 7.12 percent on Friday, a second consecutive day, to end at $26.61 each as investors sold off following the company’s co-founder and CEO’s disposition of shares.
In a regulatory filing, CFLT said its CEO Jay Kreps planned to dispose of 465,000 shares in the company for a total amount of $14.97 million. Over the past three months, Kreps has already sold 232,500 shares.
In other news, CFLT announced its partnership with sccc by stc, a leading cloud services provider in Saudi Arabia, to join the CFLT OEM Program as a managed service provider (MSP) to make data streaming more accessible in Saudi Arabia.
The new partnership aligns with Saudi Vision 2030, an initiative that prioritizes technical innovation by helping accelerate digital transformations across key industries, including finance, retail, healthcare, and public services.
4. Waystar Holding Corp. (NASDAQ:WAY)
Waystar Holding dropped its share prices by 7.99 percent on Friday to close at $37.42 each amid the lack of fresh catalysts to boost buying appetite.
In recent news, the company which provides payment software solutions to healthcare firms, reported impressive earnings performance last year, having swung to a net income of $19.08 million in the last quarter of 2024 from a $14 million net loss in the same period a year earlier.
Net loss for the full year also narrowed markedly by 63 percent to $19 million from $51 million in 2023.
Revenues also grew by 18 percent during the quarter at $244 million from $207 million, while revenues for the full year grew 19 percent to $943 million from $791 million year-on-year.
For this year, WAY expects revenues to settle between $1 billion and $1.016 billion.
3. Reddit Inc. (NYSE:RDDT)
Reddit dropped its share prices for a second day on Friday, slashing 11.11 percent to end at $133.98 apiece following news that its chief accounting officer, Michelle Reynolds, disposed of a significant portion of her holdings in the company.
In a regulatory filing, RDDT said Reynolds sold shares amounting to $1.88 million at a stock price ranging from $151.35 to $164.31 apiece.
Following the sale, Reynolds’s ownership in the company now stands at 48,418 shares.
Amid the lack of a clear reason for the sell-off, investors will be closely looking out for cues on broader trends and changes within the company.
Last year, RDDT saw net losses expand by 433 percent to $484.27 million from the $90.82 million registered in 2023, despite revenues growing by 62 percent to $1.3 billion from $804 million.
However, it recorded a 283.7-percent jump in its net income for the fourth quarter last year at $71 million versus $18.5 million in the same period a year earlier. Revenues for the quarter also surged by 71 percent to $427.7 million versus $249.8 million.
2. Hewlett Packard Enterprise Company (NYSE:HPE)
Hewlett Packard fell by 11.97 percent on Friday to end at $15.81 each as investor sentiment was dampened by its mixed earnings performance in the first quarter of fiscal year 2025 while guiding a significantly worse 2025 than what Wall Street analysts had expected.
In the first quarter, HPE said net income attributable to shareholders rose by 54 percent to $598 million from $387 million in the same period a year earlier, as revenues rose 16 percent to $7.854 billion from $6.755 billion year-on-year.
Analysts expected the company to post $7.8 billion in revenues or $0.50 per share, as against HPE’s $0.49 recorded EPS.
Looking ahead, HPE estimates revenues to be in the range of $7.2 billion and $7.6 billion.
1. Samsara Inc. (NYSE:IOT)
Samsara fell for a fifth straight day on Friday, slashing 15.57 percent to end at $35.36 apiece as investor sentiment was dampened by weak outlook guidance, shunning impressive earnings performance during the last quarter.
For the fiscal year 2026, IOT said it expects revenues to settle between $1.523 billion and $1.533 billion, with the midpoint falling just shy of the $1.53 billion as expected by analysts.
For the last quarter, IOT narrowed its net loss by 90 percent to $11.2 million from $113 million year-on-year, while revenues rose by 25 percent to $346 million from $276 million.
During the fiscal year ending February 1, 2025, net loss narrowed by 46 percent to $154.9 million from $287 million, while revenues grew 33 percent to $1.25 billion from $937 million year-on-year.
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