Why Fortinet Shares Are Trading Higher By Around 17%; Here Are 20 Stocks Moving Premarket
Author: Avi Kapoor | August 07, 2024 06:04am
Shares of Fortinet, Inc. (NASDAQ:FTNT) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter financial results and issued guidance above estimates.
Fortinet's second-quarter revenue increased 11% year-over-year to $1.43 billion, beating consensus estimates of $1.403 billion. The cybersecurity company reported second-quarter adjusted earnings of 57 cents per share, beating analyst estimates of 41 cents per share.
Fortinet shares jumped 17% to $65.29 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Richtech Robotics Inc. (NASDAQ:RR) rose 68.1% to $0.6220 in today's pre-market trading after dipping around 74% on Tuesday.
- Lumen Technologies, Inc. (NYSE:LUMN) gained 43% to $7.15 in pre-market trading after the company reported better-than-expected second-quarter revenue results.
- Zhongchao Inc. (NASDAQ:ZCMD) gained 34.2% to $1.65 in pre-market trading.
- Upstart Holdings, Inc. (NASDAQ:UPST) jumped 24% to $29.60 in pre-market trading after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.
- Latham Group, Inc. (NASDAQ:SWIM) shares gained 20.6% to $3.75 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates. Additionally, the company announced an acquisition of Coverstar Central.
- Mynd.ai, Inc. (NYSE:MYND) shares rose 15.9% to $2.55 in pre-market trading after falling around 7% on Tuesday.
- Beyond Air, Inc. (NASDAQ:XAIR) shares rose 14.3% to $0.5770 in pre-market trading after the company reported better-than-expected quarterly EPS results.
- Snow Lake Resources Ltd. (NASDAQ:LITM) gained 12.8% to $0.5756 in pre-market trading after jumping around 13% on Tuesday.
- Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS) shares gained 10% to $3.30 in pre-market trading after the company reported a narrower-than-expected quarterly loss.
Losers
- Scorpius Holdings, Inc. (NYSE:SCPX) shares dipped 77% to $1.30 in pre-market trading after gaining 19% on Tuesday. Scorpius announced that it has surpassed $100 million in near-term business development opportunities across government and commercial sectors.
- Talis Biomedical Corporation (NASDAQ:TLIS) shares declined 52.7% to $4.25 in pre-market trading after the company initiated a board restructuring.
- Porch Group, Inc. (NASDAQ:PRCH) declined 38.2% to $1.07 in pre-market trading after reporting weak quarterly results.
- Stem, Inc. (NYSE:STEM) shares declined 37.1% to $0.6274 in pre-market trading after the company reported mixed second-quarter financial results.
- Emergent BioSolutions Inc. (NYSE:EBS) shares fell 36.2% to $6.27 in pre-market trading after posting a loss for the second quarter.
- DZS Inc. (NASDAQ:DZSI) fell 36.2% to $0.66 pre-market trading after the company announced it received a delisting notice from the Nasdaq.
- VBI Vaccines Inc. (NASDAQ:VBIV) fell 32.2% to $0.09 in today's pre-market trading after jumping 111% on Tuesday.
- Nevro Corp. (NYSE:NVRO) shares fell 31.1% to $5.99 in pre-market trading after the company reported worse-than-expected second-quarter sales results.
- Evotec SE (NASDAQ:EVO) fell 24.5% to $2.90 in pre-market trading after declining around 11% on Tuesday.
- Cryoport, Inc. (NASDAQ:CYRX) shares fell 23.5% to $5.95 in pre-market trading after posting weak quarterly sales.
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Posted In: CRVS CYRX DZSI EBS EVO FTNT LITM LUMN MYND NVRO PRCH RR SCPX STEM SWIM TLIS UPST VBIV XAIR ZCMD
