Why Fortinet Shares Are Trading Higher By Around 17%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Fortinet shares surged 17% in pre-market trading after reporting better-than-expected Q2 results and issuing strong guidance. Other notable pre-market movers include Richtech Robotics, Lumen Technologies, and Upstart Holdings, among others.
August 07, 2024 | 10:04 am
News sentiment analysis
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NEGATIVE IMPACT
Cryoport shares fell 23.5% in pre-market trading after posting weak quarterly sales.
Cryoport's weak quarterly sales are likely to negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 60
NEGATIVE IMPACT
DZS shares fell 36.2% in pre-market trading after receiving a delisting notice from Nasdaq.
The delisting notice from Nasdaq is likely to significantly negatively impact DZS shares in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Emergent BioSolutions shares fell 36.2% in pre-market trading after posting a loss for Q2.
Emergent BioSolutions' Q2 loss is likely to negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Evotec shares fell 24.5% in pre-market trading after a previous decline.
The continued decline in Evotec shares suggests sustained negative sentiment.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 60
NEGATIVE IMPACT
Nevro shares fell 31.1% in pre-market trading after reporting worse-than-expected Q2 sales results.
Nevro's worse-than-expected Q2 sales results are likely to negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Porch Group shares declined 38.2% in pre-market trading after reporting weak quarterly results.
Porch Group's weak quarterly results are likely to negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Scorpius Holdings shares dipped 77% in pre-market trading after a previous gain.
The sharp decline in Scorpius Holdings shares suggests a significant negative sentiment or correction after a previous gain.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Stem shares declined 37.1% in pre-market trading after reporting mixed Q2 results.
Stem's mixed Q2 results are likely to negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Talis Biomedical shares declined 52.7% in pre-market trading after initiating a board restructuring.
The significant decline in Talis Biomedical shares suggests negative investor sentiment following the board restructuring announcement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
VBI Vaccines shares fell 32.2% in pre-market trading after a significant gain the previous day.
The sharp decline in VBI Vaccines shares suggests a correction or negative sentiment after a significant gain.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 60
POSITIVE IMPACT
Corvus Pharmaceuticals shares gained 10% in pre-market trading after reporting a narrower-than-expected quarterly loss.
Corvus Pharmaceuticals' narrower-than-expected quarterly loss is likely to positively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 60
POSITIVE IMPACT
Fortinet shares rose 17% in pre-market trading after the company reported better-than-expected Q2 results and issued strong guidance.
Fortinet's strong Q2 earnings and guidance above estimates are likely to boost investor confidence, driving the stock price higher in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Snow Lake Resources shares gained 12.8% in pre-market trading after a previous jump.
The continued rise in Snow Lake Resources shares suggests sustained positive sentiment.
CONFIDENCE 70
IMPORTANCE 45
RELEVANCE 50
POSITIVE IMPACT
Lumen Technologies shares gained 43% in pre-market trading after reporting better-than-expected Q2 revenue results.
Lumen Technologies' better-than-expected Q2 revenue results are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mynd.ai shares rose 15.9% in pre-market trading after a decline the previous day.
The rebound in Mynd.ai shares suggests a potential recovery or correction after a previous decline.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Richtech Robotics shares rose 68.1% in pre-market trading after a significant drop the previous day.
The sharp rebound in Richtech Robotics shares suggests a potential recovery or correction after a significant drop.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Latham Group shares gained 20.6% in pre-market trading after reporting strong Q2 results and raising FY24 revenue guidance.
Latham Group's strong Q2 results and raised FY24 revenue guidance are likely to positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Upstart Holdings shares jumped 24% in pre-market trading after reporting strong Q2 results and issuing positive Q3 guidance.
Upstart Holdings' strong Q2 results and positive Q3 guidance are likely to drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Beyond Air shares rose 14.3% in pre-market trading after reporting better-than-expected quarterly EPS results.
Beyond Air's better-than-expected quarterly EPS results are likely to positively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 60