ZTO - Why Cisco Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) rose sharply in today's pre-market trading after the company reported stronger-than-expected financial results for its third quarter on Wednesday.
Cisco's third-quarter revenue decreased 13% year-over-year to $12.7 billion, which beat the consensus estimate of $12.531 billion, according to Benzinga Pro. The company reported quarterly earnings of 88 cents per share, which beat analyst estimates of 82 cents per share.
The company said it sees FY24 adjusted earnings of $3.69 to $3.71 per share, on revenue of $53.6 billion to $53.8 billion. C
Cisco shares jumped 4.6% to $51.93 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
Gainers
- Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) gained 102.3% to $0.1210 in pre-market trading after jumping around 34% on Wednesday.
- Crown ElectroKinetics Corp. (NASDAQ:CRKN) gained 85.1% to $0.0855 in pre-market trading after declining around 3% on Wednesday.
- TSR, Inc. (NASDAQ:TSRI) shares gained 62.2% to $12.91 in pre-market trading after the company agreed to be acquired ...