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AXT, Inc. (NASDAQ:AXTI) shares fell in pre-market trading after the company announced that its majority-owned subsidiary, Beijing Tongmei Xtal Technology, entered definitive agreements for a private equity financing. Institutional investors will invest a minimum of RMB 1.91 billion, about US$285 million, and up to …
Bandwidth Inc. (NASDAQ:BAND) shares fell in pre-market trading after the company reported record third-quarter revenue of $234.0 million, up 22%, against estimates of about $233.1 million. Adjusted earnings per share were $0.50 against $0.47 expected, and adjusted EBITDA rose 43% to a record $35 …
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares fell in pre-market trading after third-quarter results that beat estimates but came with a soft outlook. Revenue of $5.66 billion rose 4.6%, or 4.8% in constant currency. Adjusted earnings per share of $1.49 rose 7.2% and topped the …
Cohu, Inc. (NASDAQ:COHU) shares rose sharply in pre-market trading after third-quarter results that beat estimates and pointed to accelerating demand tied to artificial intelligence. Revenue rose 37% to $173.0 million, non-GAAP earnings per share were $0.43 and adjusted EBITDA margin was 16.6%. Gross margin …
Fortinet, Inc. (NASDAQ:FTNT) shares dropped sharply in pre-market trading after a third-quarter report that beat estimates but raised doubts about growth durability. Non-GAAP earnings per share of $0.91 compared with $0.86 expected. Billings rose 29% to $2.34 billion, revenue rose 20% to $2.08 billion, …
Gen Digital Inc. (NASDAQ:GEN) shares rose in pre-market trading after fiscal second-quarter results that topped estimates and lifted full-year guidance. Revenue grew 12% to $1.37 billion, above the high end of guidance, and non-GAAP earnings per share were $0.74 against $0.72 expected. Bookings rose …
Impinj, Inc. (NASDAQ:PI) shares rose in pre-market trading after record third-quarter results and a fourth-quarter outlook above expectations. Revenue of $112.1 million rose 17% from a year earlier and 3% from the prior quarter, with no licensing revenue. Non-GAAP earnings per share were $0.69 …
Marvell Technology, Inc. (NASDAQ:MRVL) shares fell in pre-market trading after a media report said the company is in advanced talks to acquire optical components maker Lumentum Holdings (NASDAQ:LITE), with an announcement possible as soon as next week. Neither company had confirmed the report in …
Okta, Inc. (NASDAQ:OKTA) shares traded sharply lower in pre-market trading as a pullback in technology stocks spread to security and software names. The shares had already slipped 1.5% in Wednesday's session to close at $222.66, within a day range of $221.27 to $228.72.
ServiceNow, Inc. (NYSE:NOW) shares fell sharply in pre-market trading after third-quarter results that beat on revenue but missed on adjusted earnings per share, ending a six-quarter streak of beats. Adjusted EPS of $1.00 compared with about $1.02 expected, while revenue of about $4.1 billion …
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