Today's Pre-Market Movers and Top Ratings | LULU, BE, COHR and More
Morning Movers
$Samsara (IOT.US)$ rose 13.29% in premarket trading after reporting Q2 revenue of 508.4 million up 30 percent and adjusted EPS of 0.20 that beat estimates and raising full year guidance.
$KLA Corp (KLAC.US)$ climbed 3.79% in premarket trading after Bernstein maintained a Buy rating and a price target of 250.
$AST SpaceMobile (ASTS.US)$ climbed 3.73% in premarket trading after Berenberg initiated coverage with a buy rating and a 92 dollar price target and an SEC filing disclosed share purchases linked to director Adriana Cisneros.
$MP Materials (MP.US)$ climbed 3.4% in premarket trading after Jim Cramer endorsed MP Materials as the most investable play in critical materials on CNBC's Mad Money.
$Lam Research (LRCX.US)$ climbed 3.24% in premarket trading after Bernstein maintained a Buy rating on Lam Research with a $385 price target.
$Coherent (COHR.US)$ climbed 3.13% in premarket trading due to falling Treasury yields boosting AI and optical networking shares ahead of the August nonfarm payrolls report.
$Nokia Oyj (NOK.US)$ climbed 3.07% in premarket trading after being selected to join the Euro Stoxx 50 index replacing Volkswagen effective September 21.
$Bloom Energy (BE.US)$ climbed 3.06% in premarket trading after being listed by Stephens as a leading candidate for S and P 500 inclusion ahead of the scheduled index rebalancing on Friday.
$Applied Materials (AMAT.US)$ climbed 3.02% in premarket trading after Goldman Sachs raised its price target to 670 and UBS lifted its target to 695 amid a SEMI report showing record second quarter semiconductor equipment sales.
$Amkor Technology (AMKR.US)$ climbed 3.0% in premarket trading amid reports the US is preparing new semiconductor tariffs that incentivize domestic production lifting sentiment for US based chip packaging and test providers.
$Lululemon Athletica (LULU.US)$ tumbled 20.48% in premarket trading after reporting Q2 revenue below estimates and a same store sales decline and cutting full year sales and earnings guidance.
$Advasa Holdings (ADBT.US)$ lost 13.06% in premarket trading after the resignation of CFO Katharyn Field and the appointment of CEO Grady Ryther as interim CFO.
$UiPath (PATH.US)$ dropped 8.62% in premarket trading after a sharp run up into earnings and mixed Q2 results with in line Q3 revenue guidance that spurred profit taking.
$Adobe (ADBE.US)$ fell 4.11% in premarket trading after announcing a leadership transition naming Anil Chakravarthy as CEO and Shantanu Narayen as executive chair.
$Zscaler (ZS.US)$ fell 3.82% in premarket trading after analysts flagged a cautious outlook following its fiscal fourth-quarter earnings report.
$Bilibili (BILI.US)$ fell 3.23% in premarket trading after announcing a proposed 700 million dollar convertible senior notes offering with a 200 million dollar Tencent subscription and a concurrent equity placement likely prompting dilution concerns and hedging related selling pressure.
Gapping Up
$Samsara (IOT.US)$ rose 13.29% in premarket trading after reporting Q2 revenue of 508.4 million up 30 percent and adjusted EPS of 0.20 that beat estimates and raising full year guidance.
$KLA Corp (KLAC.US)$ climbed 3.79% in premarket trading after Bernstein maintained a Buy rating and a price target of 250.
$AST SpaceMobile (ASTS.US)$ climbed 3.73% in premarket trading after Berenberg initiated coverage with a buy rating and a 92 dollar price target and an SEC filing disclosed share purchases linked to director Adriana Cisneros.
$MP Materials (MP.US)$ climbed 3.4% in premarket trading after Jim Cramer endorsed MP Materials as the most investable play in critical materials on CNBC's Mad Money.
$Lam Research (LRCX.US)$ climbed 3.24% in premarket trading after Bernstein maintained a Buy rating on Lam Research with a $385 price target.
$Coherent (COHR.US)$ climbed 3.13% in premarket trading due to falling Treasury yields boosting AI and optical networking shares ahead of the August nonfarm payrolls report.
$Nokia Oyj (NOK.US)$ climbed 3.07% in premarket trading after being selected to join the Euro Stoxx 50 index replacing Volkswagen effective September 21.
$Bloom Energy (BE.US)$ climbed 3.06% in premarket trading after being listed by Stephens as a leading candidate for S and P 500 inclusion ahead of the scheduled index rebalancing on Friday.
$Applied Materials (AMAT.US)$ climbed 3.02% in premarket trading after Goldman Sachs raised its price target to 670 and UBS lifted its target to 695 amid a SEMI report showing record second quarter semiconductor equipment sales.
$Amkor Technology (AMKR.US)$ climbed 3.0% in premarket trading amid reports the US is preparing new semiconductor tariffs that incentivize domestic production lifting sentiment for US based chip packaging and test providers.
Gapping Down
$Lululemon Athletica (LULU.US)$ tumbled 20.48% in premarket trading after reporting Q2 revenue below estimates and a same store sales decline and cutting full year sales and earnings guidance.
$Advasa Holdings (ADBT.US)$ lost 13.06% in premarket trading after the resignation of CFO Katharyn Field and the appointment of CEO Grady Ryther as interim CFO.
$UiPath (PATH.US)$ dropped 8.62% in premarket trading after a sharp run up into earnings and mixed Q2 results with in line Q3 revenue guidance that spurred profit taking.
$Adobe (ADBE.US)$ fell 4.11% in premarket trading after announcing a leadership transition naming Anil Chakravarthy as CEO and Shantanu Narayen as executive chair.
$Zscaler (ZS.US)$ fell 3.82% in premarket trading after analysts flagged a cautious outlook following its fiscal fourth-quarter earnings report.
$Bilibili (BILI.US)$ fell 3.23% in premarket trading after announcing a proposed 700 million dollar convertible senior notes offering with a 200 million dollar Tencent subscription and a concurrent equity placement likely prompting dilution concerns and hedging related selling pressure.
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