Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of Cloudflare, Inc. (NYSE: NET) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance.
Revenue came in at $362.47 million, beating estimates of $353.1 million. The company posted earnings of 15 cents per share, topping estimates of 12 cents per share, according to data from Benzinga Pro.
Cloudflare expects full-year 2024 revenue of $1.648 billion and $1.652 billion versus estimates of $1.65 billion. The company sees full-year earnings in the range of 58 cents to 59 cents per share versus estimates of 56 cents per share.
Cloudflare shares surged 25.9% to $113.70 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- Next.e.GO N.V. (NASDAQ: EGOX) gained 164% to $0.66 in pre-market trading.
- Intelligent Living Application Group Inc. (NASDAQ: ILAG) gained 110.5% to $0.9897 in pre-market trading after surging around 24% on Thursday.
- TC Biopharm (Holdings) Plc (NASDAQ: TCBP) shares jumped 49.1% to $1.64 in pre-market trading after jumping over 16% on Thursday.
- Sunworks, Inc. (NASDAQ: SUNW) shares rose 30.3% to $0.0709 in pre-market trading. Sunworks and three subsidiaries recently made the decision to cease operations and filed for Chapter 7 bankruptcy in the United States Bankruptcy Court for the District of Delaware.
- Cheche Group Inc. (NASDAQ: CCG) shares rose 26% to $4.41 in pre-market trading after falling around 6% on Thursday.
- Sacks Parente Golf, Inc. (NASDAQ: SPGC) shares rose 24.8% to $0.96 in pre-market trading.
- CleanSpark, Inc. (NASDAQ: CLSK) shares gained 21.9% to $12.80 in pre-market trading after the company reported a year-over-year increase in first-quarter GAAP EPS and better-than-expected sales results.
- Green Giant Inc. (NASDAQ: GGE) shares rose 21.4% to $0.0449 in pre-market trading after gaining 25% on Thursday.
- Centrus Energy Corp. (NYSE: LEU) shares gained 12.6% to $52.40 in pre-market trading following upbeat quarterly results.
- Synlogic, Inc. (NASDAQ: SYBX) shares dipped 52.2% to $1.65 in pre-market trading after the company announced it will discontinue Synpheny-3, cease operations and reduce its workforce by more than 90%.
- BioXcel Therapeutics, Inc. (NASDAQ: BTAI) shares declined 36.3% to $2.39 in pre-market trading after the company announced a proposed public offering.
- Renalytix Plc (NASDAQ: RNLX) shares fell 22.4% to $0.42 in pre-market trading after climbing over 96% on Thursday.
- MicroCloud Hologram Inc. (NASDAQ: HOLO) shares declined 22.4% to $22.26 in pre-market trading after jumping over 59% on Thursday. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.
- EMCORE Corporation (NASDAQ: EMKR) fell 19.7% to $0.5050 in pre-market trading after posting weak quarterly results.
- The Children's Place, Inc. (NASDAQ: PLCE) shares declined 17.5% to $16.30 in pre-market trading.
- Expedia Group, Inc. (NASDAQ: EXPE) declined 13.3% to $138.23 in pre-market trading after the company reported fourth-quarter financial results and named Ariane Gorin as CEO.
- Pinterest, Inc. (NYSE: PINS) shares declined 10.4% to $36.50 in pre-market trading. Pinterest reported upbeat earnings for its fourth quarter, while sales missed estimates. The company said it sees first-quarter revenue in the range of $690 million to $705 million versus estimates of $702.36 million.
- Affirm Holdings, Inc. (NASDAQ: AFRM) shares fell 10.4% to $44.11 in pre-market trading after the company reported second-quarter financial results.
- Take-Two Interactive Software, Inc. (NASDAQ: TTWO) fell 8.9% to $154.50 in pre-market trading. Take-Two reported third-quarter total net bookings of $1.34 billion, down 3% year-over-year. The company also revised its 2024 net bookings forecast to $5.25 billion and $5.3 billion, down from $5.45 billion and $5.55 billion earlier.
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