Pre-Open Stock Movers 06/03: (BB) (WKHS) (TLRY) Higher; (EXPR) (AI) (FEYE) Lower (more...)
Pre-Open Stock Movers:
BlackBerry Limited (NYSE: BB) 25.4% HIGHER; sees continued momentum on Reddit/WSB trade.
Workhorse Group (NASDAQ: WKHS) 23.6% HIGHER; sees continued momentum on Reddit/WSB trade.
Express, Inc. (NYSE: EXPR) 15% LOWER; announced that it has filed a prospectus supplement with the Securities and Exchange Commission (the SEC), under which it may offer and sell up to 15 million shares of its common stock from time to time through an at-the-market or ATM equity offering program (the ATM Offering).
C3.ai (NYSE: AI) 11.5% LOWER; reported Q4 EPS of ($0.24), $0.02 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $52.3 million versus the consensus estimate of $50.6 million. GUIDANCE: C3.ai sees Q1 2022 revenue of $50-52 million, versus the consensus of $50.5 million. C3.ai sees FY2022 revenue of $243-247 million, versus the consensus of $239.9 million.
FireEye, Inc. (NASDAQ: FEYE) 10.8% LOWER; today announced it has entered into a definitive agreement to sell the FireEye Products business, including the FireEye name, to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $1.2 billion, before taxes and transaction-related expenses.
Tilray (NASDAQ: TLRY) 9% HIGHER; Cantor Fitzgeraldresumes coverage with an Overweight rating and a price target of $22.00 (from $30.25).
Elastic N.V. (NYSE: ESTC) 8% HIGHER; reported Q4 EPS of ($0.08), $0.08 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $177.6 million versus the consensus estimate of $157.94 million. Elastic N.V. sees Q1 2022 EPS of ($0.13)-($0.10), versus the consensus of ($0.12). Elastic N.V. sees Q1 2022 revenue of $171-173 million, versus the consensus of $168.8 million. Elastic N.V. sees FY2022 EPS of ($0.60)-($0.51), versus the consensus of ($0.48). Elastic N.V. sees FY2022 revenue of $782-788 million, versus the consensus of $743.3 million.
Alpine Income Property Trust, Inc. (NYSE: PINE) 8% LOWER; announced that it has commenced an underwritten public offering of 2,500,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 375,000 shares of its common stock.
Syneos Health, Inc. (Nasdaq: SYNH) 4% LOWER; commenced an underwritten secondary offering by affiliates of Thomas H. Lee Partners, L.P. and Advent International Corporation of an aggregate of 10,851,676 shares of the Company's common stock.
AMC Entertainment (NYSE: AMC) 3.6% LOWER; Enters 11.55M Share Equity Distribution Agreement
Splunk (NASDAQ: SPLK) 3.5% LOWER; reported Q1 EPS of ($0.91), $0.21 worse than the analyst estimate of ($0.70). Revenue for the quarter came in at $502 million versus the consensus estimate of $491.32 million. Splunk sees Q2 2022 revenue of $550-570 million, versus the consensus of $561.4 million.
General Motors (NYSE: GM) 3.4% HIGHER; announced today it expects its first-half results to come in significantly better than prior guidance. As expected, shares of the company shoot over 3% higher in pre-open as the company also said it is optimistic about the full year prospects.
Cushman & Wakefield plc (NYSE: CWK) 2.9% LOWER; announced today the launch of a proposed underwritten public offering of 10,000,000 ordinary shares
Smartsheet (NYSE: SMAR) 2.8% HIGHER; reported Q1 EPS of ($0.09), $0.05 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $117.1 million versus the consensus estimate of $111.81 million. Smartsheet sees Q2 2022 EPS of ($0.14)-($0.13), versus the consensus of ($0.10). Smartsheet sees Q2 2022 revenue of $125-126 million, versus the consensus of $119.6 million. Smartsheet sees FY2022 EPS of ($0.44)-($0.36), versus the consensus of ($0.40). Smartsheet sees FY2022 revenue of $510-515 million, versus the consensus of $503 million.
nCino, Inc. (NASDAQ: NCNO) 2.5% LOWER; reported Q1 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $62.4 million versus the consensus estimate of $59.29 million.
PVH Corp. (NYSE: PVH) 1.2% HIGHER; reported Q1 EPS of $1.92, $1.09 better than the analyst estimate of $0.83. Revenue for the quarter came in at $2.08 billion versus the consensus estimate of $1.93 billion.