Doximity, Cloudflare and Atlassian surge premarket

Investing.com - U.S. stock index futures edged higher on Friday, as investors turned their attention to the upcoming monthly jobs report for clues on the Federal Reserve’s interest-rate path, while a fresh batch of corporate earnings drove sharp moves across individual stocks.

By 06:14 ET (10:14 GMT), the Dow futures contract was mostly unchanged, S&P 500 futures had risen 11 points, or 0.1%, and Nasdaq 100 futures had gained 125 points, or 0.4%.

The labor-market data is likely to be the main focus for investors as they assess whether the economy is cooling enough to give the Federal Reserve room to lower interest rates. A softer jobs reading could strengthen expectations for rate cuts, while signs of persistent labor-market strength could reinforce the case for the Fed to remain cautious.

Here are some of the biggest premarket U.S. stock movers today:

Doximity shares soared 66% in premarket trading after the professional medical networking platform reported fiscal first-quarter 2027 results that beat revenue expectations and raised its full-year financial targets.

Revenue rose 7% year-over-year to $156.6 million, exceeding the $151.7 million analyst consensus. Adjusted EBITDA reached $75 million, producing a 48% margin and coming in eight percentage points above the high end of the company’s own guidance.

Adjusted earnings per share came in at $0.29, narrowly missing the $0.30 consensus, but investors appeared to focus instead on the strong profitability and upgraded outlook.

Atlassian surged 31% before the bell after the software company delivered a decisive fiscal fourth-quarter earnings beat.

Adjusted EPS came in at $1.87, well above the $1.50 consensus, while revenue reached $1.77 billion versus expectations of $1.66 billion, representing 28% year-over-year growth.

Cloud revenue, a closely watched metric, accelerated 31% to $1.21 billion. Remaining performance obligations also climbed 44% to $4.8 billion, pointing to strong future demand.

Cloudflare rose 16.2% to $330.51 after the cloud services company raised its full-year revenue forecast, citing resilient demand linked to artificial intelligence and rising traffic across its network.

The company now expects 2026 revenue of $2.86 billion to $2.87 billion, above its previous forecast of $2.805 billion to $2.813 billion and ahead of the $2.81 billion analyst estimate.

The stronger outlook comes as demand for cloud infrastructure remains elevated. Amazon recently reported its strongest cloud growth in more than four years and said it would not have enough capacity to meet all customer demand in 2026.

PubMatic climbed 30.4% premarket after the digital advertising company returned to double-digit revenue growth and significantly exceeded expectations.

Revenue rose 11% year-over-year to $78.6 million, while adjusted EPS came in at $0.12 compared with expectations for a loss of $0.23.

Adjusted EBITDA increased 38% to $19.6 million, with the margin expanding to 25% from 20% a year earlier.

Figs gained 27.7% after the healthcare apparel company delivered a broad second-quarter beat.

Adjusted EPS of $0.15 more than doubled the $0.07 consensus, while revenue climbed 28.8% to $196.6 million, beating estimates of $186.1 million.

The company also raised its full-year 2026 revenue growth forecast to about 20%, from a previous range of 14% to 16%, and expanded its share buyback authorization by $100 million.

Twilio rose 17.5% after the cloud communications company beat expectations across its major financial metrics.

Adjusted EPS was $1.47 versus the $1.32 consensus, while revenue increased 22% to $1.50 billion, ahead of expectations for $1.43 billion.

Organic revenue growth, excluding incremental U.S. carrier pass-through fees, was 17%.

Airbnb advanced 8.8% after second-quarter revenue rose 17% year-over-year to $3.6 billion, topping Wall Street expectations.

GAAP earnings of $1.37 per share were 9.5% above consensus. The company benefited from strong travel demand during the 2026 FIFA World Cup, which was hosted across North America.

CEO Brian Chesky said the company had delivered "some of the strongest results in years."

Hertz surged 18.8% after reporting a second-quarter revenue beat and a narrower-than-expected adjusted loss.

Revenue rose 10% year-over-year to $2.4 billion, beating the $2.28 billion consensus, while the adjusted loss of $0.11 per share was substantially better than expectations for a loss of about $0.24.

QuinStreet gained 22.5% after reporting record fiscal fourth-quarter results.

Revenue surged 43% year-over-year to $373.9 million, beating the $359.9 million consensus, while adjusted EPS of $0.50 topped expectations of $0.44. Adjusted EBITDA nearly doubled to $41.4 million.

JFrog climbed 17.4% after revenue rose 29% year-over-year to $163.8 million, ahead of expectations of about $155.5 million.

Adjusted EPS of $0.27 also topped the $0.24 consensus. The company raised its full-year 2026 revenue forecast to a $650 million midpoint from $630 million previously.

The Trade Desk was among the biggest losers, tumbling more than 27% before the bell after its second-quarter results and third-quarter outlook fell well short of expectations.

Second-quarter revenue rose just 3% year-over-year to $715.1 million, below estimates of roughly $752 million to $753 million. Adjusted EBITDA of $241.3 million also missed expectations.

The company guided for third-quarter revenue of at least $650 million, implying a year-over-year decline of about 12%, versus Wall Street expectations of roughly $807 million. Several brokerages downgraded the stock following the results.

Sezzle plunged 23% despite reporting second-quarter revenue of $149.7 million, up 51.7% year-over-year and ahead of expectations.

The selloff followed management’s warning that revenue growth could slow to around 30% in the second half of 2026. Investors also expect the company’s revenue yield to normalize to around 11.4%, prompting a sharp repricing of the stock.

Sweetgreen dropped 15.4% after second-quarter revenue of $192.7 million fell short of expectations and its GAAP loss widened to $0.22 per share, compared with estimates for a loss of about $0.13.

The result adds to concerns about slowing growth at the restaurant chain as investors reassess its near-term profitability.

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