VMAR - Why Super Micro Computer Shares Are Trading Higher By Over 12%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Super Micro Computer, Inc. (NASDAQ: SMCI) rose sharply in pre-market trading after the company announced updated financial guidance for the second-quarter, which surpassed its previous outlook.
The company estimated that second-quarter net sales will be between $3.6 billion and $3.65 billion, versus the prior guidance of between $2.7 billion and $2.9 billion. Non-GAAP diluted net income per common share is expected to be between $5.40 and $5.55, versus the previous forecast of between $4.40 to $4.88.
Super Micro Computer shares surged 12.4% to $349.85 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- Treasure Global Inc. (NASDAQ: TGL) shares rose 31.7% to $0.1356 in pre-market trading. Treasure Global and AIO Synergy recently entered into a strategic alliance aimed at reshaping the landscape of artificial intelligence.
- Phunware, Inc. (NASDAQ: PHUN) shares jumped 28.9% to $0.3114 in pre-market trading after jumping around 49% on Thursday. Phunware recently announced pricing of a $7 million registered direct offering price at-the-market under Nasdaq rules.
- Cyngn Inc. (NASDAQ: CYN) surged 21.1% to $0.1634 in pre-market trading after gaining over 5% on Thursday.
- HNR Acquisition Corp (NYSE: HNRA) shares climbed 20% to $2.58 in pre-market trading ...