Pre-Open Stock Stock Movers:

iBio, Inc. (NYSE: IBIO) 24% HIGHER; coronavirus stocks gain

Heat Biologics, Inc. (NASDAQ: HTBX) 18% HIGHER; announced today a strategic collaboration with the University of Miami Miller School of Medicine to support the development of a vaccine leveraging Heat's proprietary gp96 platform designed to target the SARS-CoV-2 coronavirus that causes COVID-19.

Guidewire Software (NYSE: GWRE) 15.5 LOWER; reported Q2 EPS of $0.21, $0.08 better than the analyst estimate of $0.13. Revenue for the quarter came in at $173.46 million versus the consensus estimate of $166.39 million. Guidewire Software sees Q3 2020 EPS of ($0.06)-($0.02), versus the consensus of $0.22. Guidewire Software sees Q3 2020 revenue of $153-157 million, versus the consensus of $186.02 million. Guidewire Software sees FY2020 EPS of $0.82-$0.94, versus the consensus of $1.48. Guidewire Software sees FY2020 revenue of $702-714 million, versus the consensus of $873.3 million.

Alpha Pro Tech, Ltd. (NYSE: APT) 11.6% HIGHER; coronavirus stocks gain

Marvell Technology (NASDAQ: MRVL) 7.5% HIGHER; reported Q4 EPS of $0.17, $0.01 better than the analyst estimate of $0.16. Revenue for the quarter came in at $718 million versus the consensus estimate of $712.95 million. Marvell Technology sees Q1 2021 EPS of $0.11-$0.17, versus the consensus of $0.13. Marvell Technology sees Q1 2021 revenue of $680 million at mid-point, versus the consensus of $674.8 million.

Zoom (NASDAQ: ZM) 6.6% LOWER; reported Q4 EPS of $0.15, $0.08 better than the analyst estimate of $0.07. Revenue for the quarter came in at $188.3 million versus the consensus estimate of $176.55 million. Zoom sees FY2021 EPS of $0.42-$0.45, versus the consensus of $0.30.

Carnival Corporation & Plc (NYSE: CCL) 5.4% LOWER; cruise liners down again on coronavirus fears

Ciena (NYSE: CIEN) 4.5% HIGHER; reported Q1 EPS of $0.52, $0.14 better than the analyst estimate of $0.38. Revenue for the quarter came in at $832.9 million versus the consensus estimate of $819.79 million.

American Airlines (NASDAQ: AAL) 4.5% LOWER; Airlines down again on coronavirus fears

FireEye, Inc (NASDAQ: FEYE) 3.7% HIGHER; Goldman Sachs upgraded from Neutral to Buy with a price target of $18.00.

Keurig Dr Pepper (NYSE: KDP) 3.3% LOWER; announced today the commencement of a registered public secondary offering of 37.5 million shares of the Company's common stock, or approximately 2.6% of the Company's outstanding common stock. All of the shares sold in the offering will be sold by Maple Holdings B.V.("Maple") and by Mondelz International Holdings LLC. The selling stockholders also granted the underwriter a 30-day option to purchase up to an additional 5.625 million shares of the Company's common stock. Maple has also indicated to the Company that its decision to commence the offering was motivated by a desire from KDP's management to provide additional liquidity to the market.

Comtech Telecom (NASDAQ: CMTL) 4.7% LOWER; reported Q2 EPS of $0.32, $0.10 better than the analyst estimate of $0.22. Revenue for the quarter came in at $161.7 million versus the consensus estimate of $170.25 million. Comtech Telecom sees FY2020 EPS of $1.42 vs $1.33 expected.

WideOpenWest (NYSE: WOW) 4% LOWER; reported Q4 EPS of $0.14, $0.06 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $283.5 million versus the consensus estimate of $284.14 million.

Veritone One (NASDAQ: VERI) 3.6% LOWER; reported Q4 EPS of ($0.33), $0.05 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $12.4 million versus the consensus estimate of $12.14 million.

Precision BioSciences Inc. (NASDAQ: DTIL) 3% HIGHER; Stifel initiates coverage on with a Buy rating and a price target of $21.00.

Tilray, Inc. (NASDAQ: TLRY) 2.9% LOWER; PT cut to $0 at GLJ research

Ping Identity (NYSE: PING) 2.8% HIGHER; reported Q4 EPS of $0.14, $0.04 better than the analyst estimate of $0.10. Revenue for the quarter came in at $68.24 million versus the consensus estimate of $65.74 million. Ping Identity sees Q1 2020 revenue of $60.5-62.5 million, versus the consensus of $53.22 million. Ping Identity sees FY2020 revenue of $263-273 million, versus the consensus of $265.74 million.

Comtech Telecom (NASDAQ: CMTL) 2.3% LOWER; reported Q2 EPS of $0.32, $0.10 better than the analyst estimate of $0.22. Revenue for the quarter came in at $161.7 million versus the consensus estimate of $170.25 million. Comtech Telecom sees FY2020 EPS of $1.42 vs $1.33 expected.

Evoqua Water Technologies Corp. (NYSE: AQUA) 2% LOWER; announced the launch of a secondary public offering of 13 million shares of its common stock by certain shareholders of the company, including certain affiliates of AEA Investors LP

Splunk (NASDAQ: SPLK) 1.2% LOWER; reported Q4 EPS of $0.96, in-line with the analyst estimate of $0.96. Revenue for the quarter came in at $791 million versus the consensus estimate of $783.19 million. Splunk sees Q1 2021 revenue of $450 million, versus the consensus of $526.7 million. Splunk sees FY2021 revenue of $2.6 billion, versus the consensus of $2.88 billion.