Pre-Open Stock Movers 8/28: (IBIO) (NTNX) (TRVN) Higher; (PLT) (BILL) (OKTA) Lower (more...)

Today's Pre-Open Stock Movers

iBio (NYSE AMERICAN: IBIO) 18.2% HIGHER; entered into an exclusive worldwide license agreement with Planet Biotechnology Inc. (Planet) for the development of Planets COVID-19 therapeutic candidate, ACE2-Fc.

Nutanix (NASDAQ: NTNX) 17.8% HIGHER; announced that Bain Capital Private Equity will make an investment of $750 million in Convertible Senior Notes to support the Companys growth initiatives.

Trevena (NASDAQ: TRVN) 17.2% HIGHER; Cantor Fitzgerald initiates coverage on with an Overweight rating and a price target of $5.00.

XPeng Inc. (NYSE: XPEV) 16% HIGHER; yesterday's hot IPO adds to gains.

Ulta Salon (NASDAQ: ULTA) 13% HIGHER; reported Q2 EPS of $0.76, $0.70 better than the analyst estimate of $0.06. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.24 billion. Trends improving.

QEP Resources, Inc. (NYSE: QEP) 10% HIGHER; announced that it has received its expected alternative minimum tax credit refund of $170.7 million, which includes $5.1 million of accrued interest. The Company expects to use the proceeds from the refund towards the repayment of its senior notes due in March 2021.

Workday (NASDAQ: WDAY) 11.5% HIGHER; reported Q2 EPS of $0.84, $0.18 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.04 billion.

Hibbett Sports (NASDAQ: HIBB) 9.6% HIGHER; reported Q2 EPS of $2.95, $1.80 better than the analyst estimate of $1.15. Revenue for the quarter came in at $441.6 million versus the consensus estimate of $349.58 million.

Plantronics, Inc. (NYSE: PLT) 6.4% LOWER; Plantronics and Siris Capital Group, LLC announced that Siris has sold approx. 4.1 million of the 7.1 million shares of Poly common stock that it previously owned, which represents ~57% of Siris' stake in Poly and ~10% of Poly's outstanding shares.

Surface Oncology (NASDAQ: SURF) 6.4% HIGHER; Wedbush initiates coverage on with an Outperform rating and a price target of $12.00.

Bill.com (NYSE: BILL) 5.7% LOWER; reported Q4 EPS of ($0.02), $0.09 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $42.1 million versus the consensus estimate of $37.98 million.

Okta, Inc. (NASDAQ: OKTA) 5.7% LOWER; reported Q2 EPS of $0.07, $0.09 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $200.4 million versus the consensus estimate of $186.29 million. Okta, Inc. sees Q3 2021 EPS of ($0.02)-($0.01), versus the consensus of ($0.06). Okta, Inc. sees Q3 2021 revenue of $202-203 million, versus the consensus of $195.7 million. Okta, Inc. sees FY2021 EPS of ($0.03)-($0.01), versus the consensus of ($0.20). Okta, Inc. sees FY2021 revenue of $800-803 million, versus the consensus of $777.6 million.

Veeva Systems (NYSE: VEEV) 4% HIGHER; reported Q2 EPS of $0.72, $0.08 better than the analyst estimate of $0.64. Revenue for the quarter came in at $353.7 million versus the consensus estimate of $340.12 million. Veeva Systems sees Q3 2021 EPS of $0.66-$0.68, versus the consensus of $0.63. Veeva Systems sees Q3 2021 revenue of $360-362 million, versus the consensus of $347 million. Veeva Systems sees FY2021 EPS of $2.64-$2.67, versus the consensus of $2.56. Veeva Systems sees FY2021 revenue of $1.415-1.42 billion, versus the consensus of $1.39 billion

Gap, Inc. (NYSE: GPS) 3.9% HIGHER; reported Q2 EPS of ($0.17), $0.24 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $3.28 billion versus the consensus estimate of $2.91 billion. Second quarter fiscal year 2020 comparable sales were up 13%, driven by the strength of Gap Inc.’s scaled e-commerce business, which added over 3.5 million new customers during the quarter

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