Why Fortinet Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Fortinet, Inc. (NASDAQ:FTNT) shares surged 9.4% in pre-market trading after reporting Q4 earnings and sales that exceeded analyst expectations, and providing strong 2024 revenue and EPS guidance. Other stocks also showed significant pre-market movements, including notable gainers like MariaDB plc (NYSE:MRDB) and losers such as Snap Inc. (NYSE:SNAP).
February 07, 2024 | 12:55 pm
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POSITIVE IMPACT
Fortinet's shares rose 9.4% in pre-market trading after beating Q4 earnings and sales forecasts and issuing strong 2024 guidance.
Fortinet's better-than-expected Q4 results and positive future guidance directly contribute to investor optimism, likely driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
MariaDB plc shares surged 125.2% in pre-market trading following a more than 26% increase on Tuesday.
The significant pre-market surge in MariaDB plc shares, following a substantial increase the previous day, suggests strong investor interest and momentum, likely pushing the stock price higher in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Snap Inc. shares declined 31.3% in pre-market trading after reporting mixed Q4 results.
Snap Inc.'s mixed Q4 results have likely led to investor disappointment, contributing to a significant drop in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100