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

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.

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.

• 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.

• 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.

• 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.