Check out the companies making headlines before the bell. Oracle — Oracle shares jumped more than 9% after the cloud infrastructure company gave strong fiscal third quarter results and lifted its revenue guidance for fiscal 2027. Management lifted its fiscal 2027 revenue outlook up $1 billion to $90 billion. Analysts polled by LSEG sought $86.6 billion. AeroVironment — Shares of the drones maker fell 10% on the back of weak third-quarter results, specifically a hefty miss in revenue. AeroVironment reported adjusted earnings of 64 cents per share on revenue of $408 million for the period, which was less than the 69 cents per share on $476 million analysts were expecting, per LSEG. CarMax — Shares popped 7% after activist investor Starboard announced that it had built a $350 million stake in CarMax . The investor also sent a letter to incoming CEO Keith Barr, highlighting his appointment as an opportunity to address fixable execution gaps in Carmax’s strategy and unlock the stock’s full value potential. Cadre Holdings — Cadre, a maker of safety products, saw shares drop nearly 9%. The company reported fourth-quarter earnings of 27 cents per share, which significantly missed the 40 cents per share estimate from analysts surveyed by FactSet. Its revenue of $167.2 million also fell short of the $182.9 million forecasted. Nike — The stock ticked up 2% after Barclays upgraded the athleticwear maker to overweight, raising its price target to $73 from $64. “We are upgrading NKE to OW, focusing on recent operational progress, financial inflections, and management’s disciplined actions,” Barclays analysts wrote in the note. “While acknowledging ongoing risks, we believe the risk/reward profile has shifted favorably, making NKE an attractive tactical investment opportunity at this stage.” Upstart Holdings — Shares added 3% after the artificial intelligence lending marketplace unveiled its plan to apply with federal banking regulators to establish a national insured financial institution, Upstart Bank. SolarEdge Technologies — The stock fell 4% after the solar firm announced its CFO Asaf Alperovitz would be stepping down . The company also reaffirmed its first-quarter guidance of between $290 and $320 million versus the $295.8 million expected by analysts surveyed by FactSet. Diamondback — Shares declined 3% after the oil and natural gas company announced an 11 million share offering for holders of SFG Fang Holdings. Its chairman also sold 100,000 shares of the firm. — CNBC’s Pia Singh contributed reporting
Stocks making the biggest moves premarket: ORCL, AVAV, NKE
Related Posts
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!
