Pre-Open Stock Movers 04/14: (AIRG) (VERU) (TWTR) Higher; (CMBM) (WFC) (STX) Lower (more...)

Pre-Open Stock Movers:

Cambium Networks (NASDAQ: CMBM) 16% LOWER; now expects GAAP revenues of between $61-$63 million compared to the previous outlook of $77.5-$81.5 million for Q1. In addition, CFO Stephen Cumming resigned.

Airgain, Inc. (NASDAQ: AIRG) 12% HIGHER; a major US-based water utility company has selected AirgainConnect® AC-HPUE™ to improve the connectivity of its fleet. This is a multi-million dollar contract.

Veru, Inc. (NASDAQ: VERU) 8% HIGHER; adds to intra-day gains of 43%.

Twitter (NYSE: TWTR) 7% HIGHER; Elon Musk offered to acquire the entire company for $54.20/share in 'best and final' offer.

Protalix BioTherapeutics (NYSE: PLX) 6% HIGHER; CEO buys $100K in stock.

Wells Fargo (NYSE: WFC) 4% LOWER; reported Q1 EPS of $0.88, $0.08 better than the analyst estimate of $0.80. Revenue for the quarter came in at $17.59 billion versus the consensus estimate of $17.8 billion.

Seagate Technology (NASDAQ: STX) 4% LOWER; Susquehanna downgraded to Negative on expected softer demand.

Rent the Runway (NASDAQ: RENT) 3% LOWER; posted Q4 EPS of ($0.62), versus ($3.48) reported last year. Revenue for the quarter came in at $64.1 million, versus $33.5 million reported last year. Rent the Runway sees FY2022 revenue of $295-305 million.

Bed Bath & Beyond (NASDAQ: BBBY) 3% LOWER; Telsey downgraded from Market Perform to Underperform with a price target of $15.00 (from $18.00).

Western Digital Corp. (NASDAQ: WDC) 3% LOWER; Susquehanna downgraded to Neutral on expected softer demand.

IBM (NYSE: IBM) 2% HIGHER; Morgan Stanley upgraded the stock to Overweight with a price target of $150, calling it a "defensive play".

Goldman Sachs (NYSE: GS) 2% HIGHER; reported Q1 EPS of $10.76, $1.94 better than the analyst estimate of $8.82. Revenue for the quarter came in at $12.93 billion versus the consensus estimate of $11.83 billion.

Morgan Stanley (NYSE: MS) 1% HIGHER; reported Q1 EPS of $2.06, versus $2.08 reported last year. Revenue for the quarter came in at $14.8 billion, versus $15.72 billion reported last year.

Citigroup (NYSE: C) 1% HIGHER; reported Q1 EPS of $2.02, $0.47 better than the analyst estimate of $1.55. Revenue for the quarter came in at $19.2 billion versus the consensus estimate of $18.15 billion.

You May Also Be Interested In

• Janus Living prices upsized stock offering at $28.50 per share
• C.H. Robinson amends credit agreement, expands revolving facility to $1.25B
• AMTD IDEA in talks to acquire third New York City hotel