VZ - Hot Stocks: VZ SAP drop on earnings news; CLF climbs; ATEN joining S&P SmallCap index

Another round of earnings reports stirred trading in Friday's pre-market period. Verizon (NYSE:VZ) was among the big names announcing financial figures, with shares falling in the wake of a cautious outlook. SAP (SAP) also lost ground following its quarterly update, with the company's profit coming in shy of analysts' projections. Meanwhile, strong earnings and guidance prompted buying in shares of Cleveland-Cliffs (CLF). In other news, A10 Networks (ATEN) ranked among the biggest pre-market gainers, boosted by news it would join an S&P index. Decliners Verizon (VZ) edged lower in pre-market trading following the release of its quarterly results. Shares of the communications giant slipped about 2% before the opening bell. The company posted Q1 totals that largely met analysts' expectations. However, the firm's 2022 forecast was at the lower end of its previous projections and the firm noted the loss of 36K postpaid subscribers. Earnings news also put pressure on

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Hot Stocks: VZ, SAP drop on earnings news; CLF climbs; ATEN joining S&P SmallCap index