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Pre-Open Stock Movers 05/08: (PAR) (HLF) (QRVO) Higher; (APPN) (ROKU) (TTD) Lower (more...)

May 8, 2020 9:27 AM

Today's Pre-Open Stock Movers

PAR Technology (NYSE: PAR) 45.3% HIGHER; reported Q1 EPS of ($0.28), $0.01 worse than the analyst estimate of ($0.27). Revenue for the quarter came in at $54.7 million versus the consensus estimate of $53.82 million.

Ocwen Financial (NYSE: OCN) 30% HIGHER; reported Q1 EPS of ($0.19), versus ($0.33) reported last year. Revenue for the quarter came in at $253.84 million, versus $303.89 million reported last year.

Camping World (NYSE: CWH) 18% HIGHER; reported Q1 EPS of ($0.03), $0.03 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $997.96 million.

Fortress Biotech, Inc. (Nasdaq: FBIO) 16.3% HIGHER; entered into an exclusive worldwide licensing agreement with Columbia University to develop novel oligonucleotides for the treatment of genetically driven cancers. The proprietary platform produces oligomers, now known as ONCOlogues, that are capable of binding gene sequences 1,000 times more effectively than complementary native DNA. The technology comes from the labs of Gary Schwartz, M.D., Division Chief, Hematology/Oncology, and Jeffrey Rothman, M.D., Ph.D., Assistant Professor of Medicine.

Herbalife Nutrition (NYSE: HLF) 13.6% HIGHER; reported Q1 EPS of $0.83, $0.24 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.17 billion.

Appian Corporation (NASDAQ: APPN) 13.6% LOWER; reported Q1 EPS of ($0.12), $0.08 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $78.9 million versus the consensus estimate of $70.59 million. Appian Corporation sees Q2 2020 EPS of ($0.26)-($0.23), versus the consensus of ($0.16). Appian Corporation sees Q2 2020 revenue of $60-61 million, versus the consensus of $71.97 million.

Cloudflare (NYSE: NET) 12.6% LOWER; reported Q1 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $91 million versus the consensus estimate of $86.97 million. Cloudflare sees Q2 2020 EPS of ($0.06)-($0.05), versus the consensus of ($0.05). Cloudflare sees Q2 2020 revenue of $93.5-94.5 million, versus the consensus of $91.9 million. Cloudflare sees FY2020 EPS of ($0.21)-($0.19), versus the consensus of ($0.20). Cloudflare sees FY2020 revenue of $389-393 million, versus the consensus of $385.7 million.

SkyWest (NASDAQ: SKYW) 12.2% HIGHER; reported Q1 EPS of $0.59, $0.32 worse than the analyst estimate of $0.91. Revenue for the quarter came in at $730 million versus the consensus estimate of $715.61 million.

Sorrento Therapeutics, Inc. (Nasdaq: SRNE) 10.8% HIGHER; Sorrento Therapeutics and Mount Sinai Health System have agreed to join forces in the investigation and development of an antibody cocktail (COVI-SHIELD) to potentially treat COVID-19.

Qualys (NASDAQ: QLYS) 10.9% LOWER; reported Q1 EPS of $0.65, $0.05 better than the analyst estimate of $0.60. Revenue for the quarter came in at $86.3 million versus the consensus estimate of $85.79 million.

SunPower (NASDAQ: SPWR) 10.2% HIGHER; reported Q1 EPS of ($0.10), $0.09 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $454.4 million versus the consensus estimate of $408.75 million.

Roku (NASDAQ: ROKU) 10% LOWER; reported Q1 EPS of ($0.45), in-line with the analyst estimate of ($0.45). Revenue for the quarter came in at $321 million versus the consensus estimate of $306.72 million.

American Axle (NYSE: AXL) 9.2% HIGHER; reported Q1 EPS of $0.20, $0.28 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.31 billion. As a result of the unexpected disruption in light vehicle production and economic uncertainty due to the impact of the COVID-19 pandemic, AAM withdrew its 2020 financial outlook on March 25, 2020. Due to the continued uncertainty, we are not issuing revised 2020 financial targets at this time.

Motorola Solutions (NYSE: MSI) 9% LOWER; reported Q1 EPS of $1.49, $0.21 better than the analyst estimate of $1.28. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.66 billion. Second-quarter 2020 - Motorola Solutions expects revenue decline of (17%) to (14%) compared with the second quarter of 2019. The company expects non-GAAP earnings per share in the range of $1.18 to $1.27. This assumes approximately $30 million of currency headwinds at current rates, approximately 175 million fully diluted shares, and an effective tax rate of 24% to 25%. Full-year 2020 - Motorola Solutions is withdrawing its full year guidance, due to uncertainty surrounding the COVID-19 pandemic.

Stamps.com (NASDAQ: STMP) 8.7% LOWER; reported Q1 EPS of $1.32, $0.35 better than the analyst estimate of $0.97. Revenue for the quarter came in at $15.13 billion versus the consensus estimate of $133.39 million. Stamps.com sees Q2 2020 EPS of $4.00-$5.00, versus the consensus of $4.42. Stamps.com sees Q2 2020 revenue of $570-600 million, versus the consensus of $581.9 million.

Qorvo (NASDAQ: QRVO) 8.5% HIGHER; reported Q4 EPS of $1.57, $0.24 better than the analyst estimate of $1.33. Revenue for the quarter came in at $788 million versus the consensus estimate of $761.26 million. Qorvo sees Q1 2021 EPS of $1.13 at the midpoint, versus the consensus of $1.07. Qorvo sees Q1 2021 revenue of $710-750 million, versus the consensus of $707.82 million.

Teradata Corp. (NYSE: TDC) 8.4% LOWER; reported Q1 EPS of $0.27, $0.04 better than the analyst estimate of $0.23. Revenue for the quarter came in at $434 million versus the consensus estimate of $452.65 million. Teradata Corp. sees Q2 2020 EPS of $0.19-$0.22, versus the consensus of $0.29. Teradata Corp. sees Q2 2020 Revenues of $348 million-$352 million, versus the consensus of $464.87 million.

Turtle Beach (NASDAQ: HEAR) 7.8% LOWER; reported Q1 EPS of ($0.25), $0.47 better than the analyst estimate of ($0.72). Revenue for the quarter came in at $35 million versus the consensus estimate of $29.61 million. Turtle Beach sees Q2 2020 EPS of ($0.24)-($0.14), versus the consensus of ($0.43). Turtle Beach sees Q2 2020 revenue of $42-47 million, versus the consensus of $27.52 million. Turtle Beach sees FY2020 EPS of ($0.16)-$0.09, versus the consensus of ($0.41). Turtle Beach sees FY2020 revenue of $224-234 million, versus the consensus of $218.7 million.

The Trade Desk, Inc. (NASDAQ: TTD) 7.6% LOWER; reported Q1 EPS of $0.90, $0.48 better than the analyst estimate of $0.42. Revenue for the quarter came in at $160.7 million versus the consensus estimate of $158.34 million. As a result of the impact of the Covid-19 pandemic on economic activity and advertiser demand, The Trade Desk is not providing financial guidance for revenue or Adjusted EBITDA for the second quarter of 2020. In addition, the Company is withdrawing its outlook for gross spend, revenue and Adjusted EBITDA for the full year 2020.

Hostess Brands (NASDAQ: TWNK) 6% HIGHER; reported Q1 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $243.5 million versus the consensus estimate of $228.88 million.

Guardant Health (NASDAQ: GH) 5.9% HIGHER; reported Q1 EPS of ($0.29), $0.10 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $67.5 million versus the consensus estimate of $56.47 million.

Yelp (NYSE: YELP) 4.9% LOWER; reported Q1 EPS of ($0.22), $0.14 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $249.9 million versus the consensus estimate of $230.76 million.

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