Why Zscaler Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | May 31, 2024 07:44am

Shares of Zscaler, Inc. (NASDAQ:ZS) rose sharply in today's pre-market trading after the company reported better-than-expected third-quarter earnings.

Zscaler said third-quarter revenue increased 32% year-over-year to $553.2 million, which beat the consensus estimate of $535.906 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of 88 cents per share, beating analyst estimates of 66 cents per share.

Zscaler shares jumped 17.5% to $184.12 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

Nuburu, Inc. (NYSE:BURU) rose 71.9% to $0.2750 in today's pre-market trading after falling around 12% on Thursday.
XChange Tec Inc (NASDAQ:XHG) shares gained 64.9% to $1.13 in pre-market trading after dipping 15% on Thursday.
Novo Integrated Sciences, Inc. (NASDAQ:NVOS) gained 49.9% to $0.6760 in pre-market trading following HSBC‘s confirmation of a $78 million Standby Letter of Credit.
Adaptimmune Therapeutics plc (NASDAQ:ADAP) gained 29.7% to $1.31 in pre-market trading after the company and Galapagos entered a clinical collaboration to license Adaptimmune’s uza-cel in in head & neck cancer.
Cue Health Inc. (NASDAQ:HLTH) shares rose 27.6% to $0.0925 in pre-market trading after gaining 32% on Thursday. Cue Health recently announced that it filed voluntary petitions under Chapter 7 of the U.S. Bankruptcy Code in the District of Delaware to pursue a wind down of its business.
A2Z Smart Technologies Corp. (NASDAQ:AZ) shares gained 22.3% to $0.4890 in pre-market trading.
The Gap, Inc. (NYSE:GPS) shares climbed 21.9% to $27.45 in pre-market trading after reporting strong quarterly results
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) gained 20.2% to $0.6799 in pre-market trading after jumping 27% on Thursday. Faraday Future Intelligent Electric recently reported worse-than-expected FY23 sales results and announced that it is withdrawing its production target guidance.
Asana, Inc. (NYSE:ASAN) rose 10.9% to $14.56 in pre-market trading. Asana posted a narrower-than-expected loss for its first quarter, while sales topped estimates.

Losers

Sify Technologies Limited (NASDAQ:SIFY) shares declined 40.4% to $1.00 in pre-market trading after gaining over 8% on Thursday.
Summit Therapeutics Inc. (NASDAQ:SMMT) shares declined 34.6% to $7.14 in pre-market trading. Summit Therapeutics jumped 272% on Thursday after the company’s Phase III HARMONi-2 trial met its primary endpoint.
MongoDB, Inc. (NASDAQ:MDB) shares dipped 24.5% to $234.00 in pre-market trading after the company issued weak FY25 guidance.
JE Cleantech Holdings Limited (NASDAQ:JCSE) shares fell 15.4% to $1.10 in pre-market trading after gaining around 85% on Thursday.
Dell Technologies Inc. (NYSE:DELL) shares fell 13.9% to $146.38 in pre-market trading. Dell reported upbeat earnings and sales results for the first quarter.
SentinelOne, Inc. (NYSE:S) shares fell 13.4% to $16.81 in pre-market trading after the company posted mixed first-quarter results.
Genfit S.A. (NASDAQ:GNFT) shares fell 12.4% to $5.23 in pre-market trading after gaining 13% on Thursday.
Momentus Inc. (NASDAQ:MNTS) shares fell 12.1% to $0.7610 in pre-market trading. Momentus received Nasdaq deficiency notice due to delayed Form 10-Q.
Kintara Therapeutics, Inc. (NASDAQ:KTRA) fell 11.9% to $0.2793 in pre-market trading after gaining over 16% on Thursday.
OneMedNet Corporation (NASDAQ:ONMD) shares declined 11.5% to $2.31 in pre-market trading. OneMedNet shares jumped 34% on Thursday after the company announced that it has entered into a non-exclusive three-year Master Services Agreement with an undisclosed U.S.-based medical technology company.