Market News · Aug 7, 2026

Morning movers: Doximity jumps 76.6% while Trade Desk drops 28.1%

Doximity jumped 76.57% before the bell after a revenue beat and modest guide increase, while Atlassian gained 29.74% on stronger cloud growth. The Trade Desk fell 28.13% after revenue growth slowed to 3% and its Q3 guide missed the cited consensus by a wide margin.

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Photo: Intel Free Press — Wikimedia Commons (CC BY-SA 2.0; cropped)

By

YieldCove Desk

News

Published

Reading time

3 min read

Tickers

$DOCS $TEAM $TTD

+2 more

DOCSTEAMTTDFIGSAAOI

Today's Morning Read covers futures, rates and the U.S. jobs calendar. This stock-only brief uses delayed Nasdaq pre-market quotes at 05:40 ET on 7 August 2026, independently checked against TradingView near the same quote cut.

Delayed pre-market snapshot

At the quote cut, DOCS was +76.57% at $36.48, TEAM was +29.74% at $142.94, and TTD was -28.13% at $12.70. Pre-market precedes the 09:30 ET opening auction and is thinner. Consensus means the average analyst estimate; implied volatility (IV) estimates movement, not direction.

TickerPre-market moveDelayed priceConfirmed catalyst
DOCS+76.57%$36.48Revenue beat and a modest full-year revenue-guide increase
TEAM+29.74%$142.9428% revenue growth, 31% cloud growth and an above-consensus Q1 guide
TTD-28.13%$12.703% revenue growth, a revenue miss and a weak Q3 guide
Featured movers — Nasdaq delayed quotes at 05:40 ET on 7 August 2026

DOCS: +76.57% as low expectations meet a revenue beat

Doximity reported fiscal Q1 revenue of $156.6 million, up 7%. StockStory put it 3.5% above consensus and said the full-year revenue midpoint rose to $676 million from $670 million. Official ranges are $170-$171 million for fiscal Q2 and $671-$681 million for the year.

Delayed pre-market

$36.48

+76.57%

Fiscal Q1 revenue

$156.6 million

+7% Y/Y

Fiscal Q1 adjusted EBITDA

$74.8 million

47.7% margin

DOCS: a huge gap can outrun the quarter

Adjusted EBITDA fell to $74.8 million from $79.8 million, and free cash flow fell 34% year over year even as revenue beat expectations. Cboe’s delayed file listed 324 option series and 55,802 contracts of open interest, but options do not trade pre-market. After a 76% stock gap, yesterday’s strikes and IV are not executable opening quotes.

  • Objective levels: the $34.00-$36.96 delayed pre-market range and the $20.66 prior close.
  • Why it matters: the gap reprices low expectations after the beat and guide increase, not a sudden 76% business change.
  • Main risk: slower cash conversion and lower margins can return to focus after the opening.

TEAM: +29.74% after cloud growth reaccelerates

Atlassian reported fiscal Q4 revenue of $1.766 billion, up 28%, including $1.213 billion of cloud revenue, up 31%. Subscription annual recurring revenue reached $6.606 billion, up 23%, while remaining performance obligations rose 44% to $4.817 billion. Benzinga cited a $1.660 billion revenue consensus.

Delayed pre-market

$142.94

+29.74%

Fiscal Q4 revenue

$1.766 billion

+28% Y/Y

Cloud revenue

$1.213 billion

+31% Y/Y

TEAM: strong guide, but the mix still matters

Atlassian guided fiscal Q1 2027 revenue to $1.705-$1.715 billion; Benzinga cited a $1.665 billion consensus. Cboe’s delayed file listed 1,384 option series and 157,325 contracts of open interest. Earnings have passed, so IV can compress even if the stock holds its gap; live spreads and open interest need to be rebuilt after 09:30 ET.

  • Objective levels: the $141.75-$144.99 delayed pre-market range and the $110.17 prior close.
  • Why it matters: faster cloud growth and an above-consensus guide challenge recent AI-disruption fears.
  • Main risk: full-year fiscal 2027 revenue growth is still guided to about 13%, well below the quarter’s 28% pace.

TTD: -28.13% after growth slows to 3%

The Trade Desk reported Q2 revenue of about $715 million, up 3%. Benzinga cited $715.06 million against a $751.39 million consensus and non-GAAP EPS of $0.34 against $0.40. The Q3 revenue floor is $650 million, below Benzinga’s $805.09 million consensus.

Delayed pre-market

$12.70

-28.13%

Q2 revenue

$715 million

+3% Y/Y

Adjusted EBITDA

$241 million

vs $271 million

TTD: execution risk comes before premium

Adjusted EBITDA fell to $241 million from $271 million, and margin narrowed to 34% from 39%. Cboe’s delayed file listed 914 option series, 939,518 contracts of open interest and 175,566 contracts of prior-session volume. That depth does not make a 28% earnings gap routine: opening spreads, IV and assignment risk can all reset together.

  • Objective levels: the $12.66-$13.60 delayed pre-market range and the $17.67 prior close.
  • Why it matters: the miss and guide point to slower ad-platform spending or execution, not just margins.
  • Main risk to the first reaction: retention remained above 95%, so any evidence that the slowdown is temporary could produce a sharp counter-move.

Also on the radar

  • FIGS +26.78% at $14.25 near 05:40 ET: Q2 revenue rose 28.8% to $196.6 million; the company raised its 2026 outlook and increased its repurchase authorization by $100 million. The $13.90-$14.53 pre-market range is the first objective reference.
  • AAOI +15.48% at $143.45 near 05:40 ET: Q2 revenue reached a record $191.9 million and the company guided Q3 revenue to $255-$290 million. The main counterweight is a $22.8 million GAAP net loss and a very wide $132.00-$147.12 pre-market range.

What to watch today

  • 09:30 ET: compare the opening auction with every delayed range; regular-session liquidity can reset the gaps immediately.
  • After the open: rebuild option bid, ask, IV, volume and open interest; pre-market stock prints are not executable option setups.
  • During the session: watch whether DOCS and TEAM hold above their pre-market lows and whether TTD can reclaim $13.60; these are observed levels, not forecasts.
  • Unverified analyst-action details, social counts and unusual-volume baselines were excluded.
DOCSTEAMTTD

Sources

  1. [1]Doximity fiscal Q1 2027 results — Doximity / SEC · Accessed 2026-08-07 · Tier 1
  2. [2]Doximity Q2 calendar 2026 revenue and consensus review — StockStory · Accessed 2026-08-07 · Tier 3
  3. [3]Atlassian Q4 and fiscal 2026 results — Atlassian / SEC · Accessed 2026-08-07 · Tier 1
  4. [4]Atlassian Q4 results and guidance review — Benzinga · Accessed 2026-08-07 · Tier 2
  5. [5]The Trade Desk Q2 2026 results — The Trade Desk / SEC · Accessed 2026-08-07 · Tier 1
  6. [6]The Trade Desk Q2 results and consensus review — Benzinga · Accessed 2026-08-07 · Tier 2
  7. [7]FIGS Q2 2026 results — FIGS / SEC · Accessed 2026-08-07 · Tier 1
  8. [8]FIGS Q2 2026 consensus review — StockStory · Accessed 2026-08-07 · Tier 3
  9. [9]Applied Optoelectronics Q2 2026 results — Applied Optoelectronics / SEC · Accessed 2026-08-07 · Tier 1
  10. [10]Nasdaq U.S. market status — 7 August 2026 — Nasdaq · Accessed 2026-08-07 · Tier 1
  11. [11]Nasdaq delayed pre-market quote — DOCS — Nasdaq · Accessed 2026-08-07 · Tier 1
  12. [12]Nasdaq delayed pre-market quote — TEAM — Nasdaq · Accessed 2026-08-07 · Tier 1
  13. [13]Nasdaq delayed pre-market quote — TTD — Nasdaq · Accessed 2026-08-07 · Tier 1
  14. [14]Nasdaq delayed pre-market quote — FIGS — Nasdaq · Accessed 2026-08-07 · Tier 1
  15. [15]Nasdaq delayed pre-market quote — AAOI — Nasdaq · Accessed 2026-08-07 · Tier 1
  16. [16]TradingView America structured pre-market scan — TradingView · Accessed 2026-08-07 · Tier 3
  17. [17]Cboe delayed option-chain file — DOCS — Cboe · Accessed 2026-08-07 · Tier 1
  18. [18]Cboe delayed option-chain file — TEAM — Cboe · Accessed 2026-08-07 · Tier 1
  19. [19]Cboe delayed option-chain file — TTD — Cboe · Accessed 2026-08-07 · Tier 1
  20. [20]7 August 2026 Morning Read — YieldCove · Accessed 2026-08-07 · Tier 4
  21. [21]Telemedicine Consult — photograph and license record — Wikimedia Commons / Intel Free Press · Accessed 2026-08-07 · Tier 4

This content is for informational and educational purposes only and is not financial advice. Options involve risk and are not suitable for every investor. Do your own research before trading.

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