KB Home shares fall over 4% after earnings miss

Stocks are making notable moves in midday trading today, with several companies in the spotlight. KB Home, a homebuilder, saw its shares drop over 4%. The company reported earnings of $1.49 per share, which missed analyst expectations of $1.58. It also reported revenue of $1.39 billion, below the forecast of $1.5 billion, and lowered its revenue outlook for 2025. Cloudflare, which focuses on network security, experienced a rise of more than 2%. Bank of America upgraded the stock to "buy" from "underperform," citing improved fundamentals and its potential in the artificial intelligence market. Oklo, a nuclear technology firm, fell 9% after revealing a larger annual loss compared to last year. The company warned about significant expenses and ongoing financial losses. CrowdStrike, a cybersecurity company, saw its stock climb over 3%. BTIG upgraded its rating to "buy," mentioning that the firm now has better clarity on its future forecasts following a prior IT outage. Trump Media, the parent company of Truth Social, rose about 7%. It announced a partnership with Crypto.com to launch exchange-traded funds later this year. Mobileye, a firm specializing in autonomous driving technology, increased by 6% after Volkswagen revealed plans to collaborate with them on developing driving advancements. Crown Castle, a telecommunications company, lost about 4% after its CEO was terminated immediately. The company confirmed they will maintain their earlier financial guidance for 2025.