Before the bell rings, take a look at the businesses that are making news.
F5—Shares surged about 14% after the application security company’s fiscal second-quarter projection exceeded Wall Street’s forecasts.
Nextracker: After exceeding revenue forecasts and providing better-than-expected earnings outlook, the solar tracker producer saw a more than 24% increase in value.
U.S.-listed shares of the Dutch semiconductor giant ASML increased by 5% following the company’s fourth-quarter net bookings, which exceeded analyst estimates and increased by 169% from the previous quarter, indicating robust demand for its chipmaking tools.
Chip equipment stocks: In the wake of ASML’s fourth-quarter earnings, shares of American chip equipment companies also surged. KLA Corp. and Applied Materials both had gains of more than 2%, while Lam Research saw a 3% increase.
LendingClub: Following LendingClub’s poor prognosis, the financial services company’s stock fell by over 18%. Earnings for the fourth quarter dropped from $10.2 million, or 9 cents per share, to $9.7 million, or 8 cents per share, compared to the same period last year.
Shares of Alibaba Group increased by 3% following the unveiling of a new iteration of its Qwen artificial intelligence model, which the Chinese tech giant said outperformed DeepSeek.
Qorvo: The semiconductor supplier had a nearly 3% decline in value after predicting “flat to up modestly” sales at its biggest client.
Moderna: Following a downgrade from buy to neutral at Goldman Sachs, the vaccine manufacturer’s shares dropped more than 2%.
T-Mobile US: Following positive full-year projections, the telecom company’s shares surged 6%.
Nvidia: After an almost 9% gain in the previous session, the chip titan gave back more than 2%.
Source (CNBC)
