Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of Super Micro Computer, Inc. (NASDAQ: SMCI) rose sharply in pre-market trading after the company announced updated financial guidance for the second-quarter, which surpassed its previous outlook.
The company estimated that second-quarter net sales will be between $3.6 billion and $3.65 billion, versus the prior guidance of between $2.7 billion and $2.9 billion. Non-GAAP diluted net income per common share is expected to be between $5.40 and $5.55, versus the previous forecast of between $4.40 to $4.88.
Super Micro Computer shares surged 12.4% to $349.85 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- Treasure Global Inc. (NASDAQ: TGL) shares rose 31.7% to $0.1356 in pre-market trading. Treasure Global and AIO Synergy recently entered into a strategic alliance aimed at reshaping the landscape of artificial intelligence.
- Phunware, Inc. (NASDAQ: PHUN) shares jumped 28.9% to $0.3114 in pre-market trading after jumping around 49% on Thursday. Phunware recently announced pricing of a $7 million registered direct offering price at-the-market under Nasdaq rules.
- Cyngn Inc. (NASDAQ: CYN) surged 21.1% to $0.1634 in pre-market trading after gaining over 5% on Thursday.
- HNR Acquisition Corp (NYSE: HNRA) shares climbed 20% to $2.58 in pre-market trading after surging 13% on Thursday.
- Siyata Mobile Inc. (NASDAQ: SYTA) gained 18% to $4.13 in pre-market trading after declining around 3% on Thursday.
- Future FinTech Group Inc. (NASDAQ: FTFT) shares gained 16.9% to $1.05 in pre-market trading after gaining around 7% on Thursday. Future Fintech Group recently responded to SEC allegations against the company’s CEO.
- Essential Properties Realty Trust, Inc. (NYSE: EPRT) gained 11.4% to $27.50 in pre-market trading.
- Mesoblast Limited (NASDAQ: MESO) gained 10.5% to $1.90 in pre-market trading after the FDA granted a Rare Pediatric Disease Designation to the company’s Revascor® for treating children with congenital heart disease.
- Huadi International Group Co., Ltd. (NASDAQ: HUDI) shares gained 9.6% to $2.98 in pre-market trading after falling around 3% on Thursday.
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Losers- iRobot Corporation (NASDAQ: IRBT) shares dipped 35.8% to $15.16 in pre-market trading. The European Union's competition watchdog is poised to reject Amazon.com Inc's (NASDAQ: AMZN) ambitious $1.7-billion acquisition of iRobot, The Wall Street Journal reported, citing sources close to the matter.
- Esperion Therapeutics, Inc. (NASDAQ: ESPR) shares fell 23.3% to $1.65 in pre-market trading. Esperion priced its $85.1 million public offering of 56.7 million common share at $1.50 per share.
- Nuvve Holding Corp. (NASDAQ: NVVE) shares declined 21.8% to $0.0726 in pre-market trading. The company said it will effect a 1-for-40 reverse stock split of its common stock, to be effective as of Friday, Jan. 19, 2024.
- AST SpaceMobile, Inc. (NASDAQ: ASTS) declined 18.5% to $3.39 in pre-market trading. AST SpaceMobile announced a $100 million offering of common stock. The company also announced a strategic investment from AT&T Inc (NYSE: T), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Vodafone.
- Datasea Inc. (NASDAQ: DTSS) shares fell 17.2% to $0.1131 in pre-market trading. Datasea announced plans for a 1-for-15 reverse stock split to regain compliance with Nasdaq minimum bid requirement.
- Vision Marine Technologies Inc. (NASDAQ: VMAR) shares dipped 16.4% to $0.6704 in pre-market trading. Vision Marine Technologies announced close of $3.0 million private placement of convertible preferred shares and warrants with Investissement Québec.
- C3is Inc. (NASDAQ: CISS) shares fell 16.3% to $0.3150 in pre-market trading after dipping over 10% on Thursday.
- SOBR Safe, Inc. (NASDAQ: SOBR) shares declined 14.3% to $0.3338 in pre-market trading after declining around 7% on Thursday.
- ReTo Eco-Solutions, Inc. (NASDAQ: RETO) fell 12.1% to $0.33 in pre-market trading. ReTo recently received Nasdaq notification regarding minimum stockholders' equity deficiency.
- MorphoSys AG (NASDAQ: MOR) fell 10.7% to $9.14 after falling 6% on Wednesday. Morgan Stanley analyst James Quigley, on Tuesday, downgraded MorphoSys from Overweight to Equal-Weight.
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