Pre-Open Stock Movers 08/07: (TRUE) (GRPN) (STMP) Higher; (AYX) (DDOG) (ILMN) Lower (more...)

August 7, 2020 9:26 AM

Today's Pre-Open Stock Movers

Conduent Incorporated (NASDAQ: CNDT) 74.3% HIGHER; reported Q2 EPS of $0.12, $0.17 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $925.5 million.

TrueCar, Inc. (NASDAQ: TRUE) 32.9% HIGHER; announced today that it has entered into an agreement with J.D. Power to sell its ALG, Inc. subsidiary for $135 million. The total consideration includes an upfront cash payment of $112.5 million at closing and total deferred payments of up to $22.5 million based on certain financial results. Also reported Q2 EPS of $0.04, $0.11 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $62.7 million versus the consensus estimate of $55.58 million.

Groupon (NASDAQ: GRPN) 30.1% HIGHER; reported Q2 EPS of ($0.93), $1.82 better than the analyst estimate of ($2.75). Revenue for the quarter came in at $396 million versus the consensus estimate of $200.53 million.

Alteryx (NYSE: AYX) 23% LOWER; reported Q2 EPS of $0.02, $0.16 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $96.2 million versus the consensus estimate of $94.11 million. Alteryx sees Q3 2020 EPS of $0.09-$0.14, versus the consensus of $0.13. Alteryx sees Q3 2020 revenue of $111-115 million, versus the consensus of $119.3 million. Alteryx sees FY2020 revenue of $460-465 million, versus the consensus of $505.17 million.

Stamps.com (NASDAQ: STMP) 17.3% HIGHER; reported Q2 EPS of $3.11, $1.85 better than the analyst estimate of $1.26. Revenue for the quarter came rose 49% to $206.7 million versus the consensus estimate of $153.3 million. Stamps.com sees FY2020 EPS of $6.25-$9.25, versus the consensus of $5.10. Stamps.com sees FY2020 revenue of $650-725 million, versus the consensus of $618.11 million.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) 16.9% HIGHER; Total revenue was $65.2 million, compared with $43.4 million in the second quarter of 2019 and $40.5 million in the first quarter of 2020.

Datadog, Inc. (NASDAQ: DDOG) 14% LOWER; reported Q2 EPS of $0.05, $0.04 better than the analyst estimate of $0.01. Revenue for the quarter came in at $140 million versus the consensus estimate of $135.4 million. Datadog, Inc. sees Q3 2020 EPS of $0.00-$0.01, versus the consensus of ($0.01). Datadog, Inc. sees Q3 2020 revenue of $143-145 million, versus the consensus of $140.3 million. Datadog, Inc. sees FY2020 EPS of $0.11-$0.13, versus the consensus of $0.05. Datadog, Inc. sees FY2020 revenue of $566-572 million, versus the consensus of $563.6 million.

Coherus BioSciences, Inc. (Nasdaq: CHRS) 13.1% HIGHER; Net product revenue for the second quarter of 2020 was $135.7 million, and net income was $59.0 million, or $0.70 per share on a diluted basis

Illumina (NASDAQ: ILMN) 13.1% LOWER; reported Q2 EPS of $0.62, $0.05 worse than the analyst estimate of $0.67. Revenue for the quarter fell 25% to $633 million versus the consensus estimate of $679.56 million.

Biogen (Nasdaq: BIIB) 12% HIGHER; and Eisai, Co., Ltd. (Tokyo, Japan) today announced that the U.S. Food and Drug Administration (FDA) has accepted the Biologics License Application (BLA) for aducanumab, an investigational treatment for Alzheimer’s disease. The application has been granted Priority Review, with a Prescription Drug User Fee Act (PDUFA) action date on March 7, 2021, and the FDA has stated that, if possible, it plans to act early on this application under an expedited review. If approved, aducanumab would become the first therapy to reduce the clinical decline of Alzheimer’s disease and would also be the first therapy to demonstrate that removing amyloid beta resulted in better clinical outcomes.

Zillow (NASDAQ: Z) (NASDAQ: ZG) 12% HIGHER; reported Q2 revenue for the quarter came in at $768 million versus the consensus estimate of $611.7 million.

SailPoint Technologies Holdings, Inc. (NYSE: SAIL) 12.7% HIGHER; reported Q2 EPS of $0.15, $0.19 better than the analyst estimate of ($0.04). Revenue for the quarter rose 47% to $92.5 million versus the consensus estimate of $69.02 million. SailPoint Technologies Holdings, Inc. sees Q3 2020 EPS of ($0.06)-($0.05), versus the consensus of ($0.04). SailPoint Technologies Holdings, Inc. sees Q3 2020 revenue of $82-84 million, versus the consensus of $79.3 million. SailPoint Technologies Holdings, Inc. sees FY2020 EPS of $0.08-$0.11, versus the consensus of $0.05. SailPoint Technologies Holdings, Inc. sees FY2020 revenue of $341-345 million, versus the consensus of $316.52 million.

Teradata Corp. (NYSE: TDC) 10.2% HIGHER; reported Q2 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $457 million versus the consensus estimate of $436.89 million.

Universal Display (NASDAQ: OLED) 10% LOWER; reported Q2 EPS of $0.02, $0.28 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $58 million versus the consensus estimate of $74.19 million.

Marathon Patent Group (NASDAQ: MARA) 9% LOWER; files $100 million mixed securities shelf.

Upland Software (NASDAQ: UPLD) 8.2% HIGHER; reported Q2 EPS of $0.60, 16 cents better than the analyst estimate of $0.44. Revenue for the quarter came in at $71.3 million versus the consensus estimate of $64.48 million. Upland Software sees Q3 2020 revenue of $68-72 million, versus the consensus of $65.2 million. Upland Software sees FY2020 revenue of $273.3-281.3 million, versus the consensus of $264.2 million.

Canadian Solar (NASDAQ: CSIQ) 6.9% HIGHER; reported Q2 EPS of $0.34, $0.38 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $696 million versus the consensus estimate of $662.95 million.

Fortinet (NASDAQ: FTNT) 6.3% LOWER; reported Q2 EPS of $0.82, $0.17 better than the analyst estimate of $0.65. Revenue for the quarter came in at $615.5 million versus the consensus estimate of $599.04 million. Fortinet sees Q3 2020 EPS of $0.76-$0.78, versus the consensus of $0.72. Fortinet sees Q3 2020 revenue of $630-645 million, versus the consensus of $624.35 million. T-Mobile (NASDAQ: TMUS) 5.9% HIGHER; reported Q2 EPS of $0.09, $0.02 better than the analyst estimate of $0.07. Revenue for the quarter came in at $17.7 billion versus the consensus estimate of $17.61 billion.

Dropbox (NASDAQ: DBX) 5.5% LOWER; reported Q2 EPS of $0.22, $0.05 better than the analyst estimate of $0.17. Revenue for the quarter came in at $467.4 million versus the consensus estimate of $465.29 million.

Everbridge, Inc. (NASDAQ: EVBG) 5.4% LOWER; reported Q2 EPS of $0.06, $0.27 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $65.4 million versus the consensus estimate of $63.01 million. Everbridge, Inc. sees Q3 2020 EPS of ($0.12)-($0.11), versus the consensus of $0.03. Everbridge, Inc. sees Q3 2020 revenue of $68.3-68.7 million, versus the consensus of $67.6 million. Everbridge, Inc. sees FY2020 EPS of ($0.12)-($0.09), versus the consensus of ($0.18). Everbridge, Inc. sees FY2020 revenue of $264-266 million, versus the consensus of $261.99 million.

Twilio Inc. (NYSE: TWLO) 5.3% LOWER; announced the pricing of an underwritten public offering of 5,060,729 shares of its Class A common stock at a price to the public of $247.00 per share.

The RealReal Inc. (NASDAQ: REAL) 5% LOWER; reported Q2 EPS of ($0.42), $0.06 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $57.4 million versus the consensus estimate of $52.21 million.

SurveyMonkey (NASDAQ: SVMK) 4.8% LOWER; reported Q2 EPS of $0.00, $0.02 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $90.9 million versus the consensus estimate of $89.1 million.

The Trade Desk, Inc. (NASDAQ: TTD) 4.8% HIGHER; reported Q2 EPS of $0.92, $0.75 better than the analyst estimate of $0.17. Revenue for the quarter came in at $139.4 million versus the consensus estimate of $134.86 million. The Trade Desk, Inc. sees Q3 2020 revenue of $117-181 million, versus the consensus of $157.57 million.

Booking Holdings (NASDAQ: BKNG) 4.6% HIGHER; reported Q2 EPS of ($10.81), $0.89 better than the analyst estimate of ($11.70). Revenue for the quarter came in at $630 million versus the consensus estimate of $569.31 million.

DraftKings Inc. (Nasdaq: DKNG) 2.2% HIGHER; DraftKings and Major League Baseball today announced a multi-year extension to remain the Official and Exclusive Daily Fantasy Sports (DFS) Partner of the League. The extension includes an expanded partnership providing for an increase in DraftKings’ content rights, product integration, prizing and continued use of MLB images and video within DraftKings’ DFS games. The extension of the partnership between Major League Baseball and DraftKings reinforces both entities’ dedication to enhancing the overall gaming experience for sports fans.

CarGurus (NASDAQ: CARG) 2% LOWER; reported Q2 EPS of $0.19, $0.19 better than the analyst estimate of $0.00. Revenue for the quarter came in at $94.7 million versus the consensus estimate of $86.32 million. CarGurus sees Q3 2020 EPS of $0.21-$0.23, versus the consensus of $0.08. CarGurus sees Q3 2020 revenue of $132-135 million, versus the consensus of $124.4 million. CarGurus sees FY2020 EPS of $0.66-$0.69, versus the consensus of $0.44. CarGurus sees FY2020 revenue of $518-524 million, versus the consensus of $516.7 million.

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