Why Cloudflare Shares Are Trading Higher By Over 25%; Here Are 20 Stocks Moving Premarket

Shares of Cloudflare, Inc. 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. EGOX gained 164% to $0.66 in pre-market trading.
  • Intelligent Living Application Group Inc. ILAG gained 110.5% to $0.9897 in pre-market trading after surging around 24% on Thursday.
  • TC Biopharm (Holdings) Plc TCBP shares jumped 49.1% to $1.64 in pre-market trading after jumping over 16% on Thursday.
  • Sunworks, Inc. 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. CCG shares rose 26% to $4.41 in pre-market trading after falling around 6% on Thursday.
  • Sacks Parente Golf, Inc. SPGC shares rose 24.8% to $0.96 in pre-market trading.
  • CleanSpark, Inc. 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. GGE shares rose 21.4% to $0.0449 in pre-market trading after gaining 25% on Thursday.
  • Centrus Energy Corp. LEU shares gained 12.6% to $52.40 in pre-market trading following upbeat quarterly results.

Losers

  • Synlogic, Inc. 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. BTAI shares declined 36.3% to $2.39 in pre-market trading after the company announced a proposed public offering.
  • Renalytix Plc RNLX shares fell 22.4% to $0.42 in pre-market trading after climbing over 96% on Thursday.
  • MicroCloud Hologram Inc. 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 EMKR fell 19.7% to $0.5050 in pre-market trading after posting weak quarterly results.
  • The Children's Place, Inc. PLCE shares declined 17.5% to $16.30 in pre-market trading.
  • Expedia Group, Inc. 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. 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. 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. 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.

 

Now Read This: Pinterest, PepsiCo And 3 Stocks To Watch Heading Into Friday

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