Why Calix Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket

Shares of Calix, Inc. CALX rose sharply in today's pre-market trading as the company reported better-than-expected first-quarter financial results and issued strong second-quarter guidance.

After market close on Monday, cloud and managed services company Calix announced that its board increased its buyback authorization by an additional $100 million, bringing the total repurchase authorization up to $162.9 million.

Calix reported first-quarter revenue of $220.24 million, beating analyst estimates of $206.98 million. The company reported first-quarter adjusted earnings of 19 cents per share, beating estimates of 13 cents per share, according to Benzinga Pro.

Calix shares jumped 13.1% to $37.61 in pre-market trading

Here are some other stocks moving in pre-market trading.

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Gainers

Gelteq Limited GELS rose 329% to $3.97 in pre-market trading.
Standard Lithium Ltd. SLI surged 44.2% to $2.02 in pre-market trading. Smackover Lithium’s South West Arkansas Project has received a special designation as a priority transparency critical mineral project from the Trump Administration.
SUNation Energy Inc. SUNE gained 36.2% to $3.80 in pre-market after dipping 30% on Monday.
Mullen Automotive, Inc. MULN surged 25.3% to $1.09 in pre-market trading after dipping over 22% on Monday.
MicroCloud Hologram Inc. HOLO gained 25% to $15.25 in pre-market trading after falling around 20% on Monday.
IT Tech Packaging, Inc. ITP jumped 22.4% to $0.2880 in pre-market trading after dipping 11% on Monday.
Meiwu Technology Company Limited WNW rose 21.8% to $1.51 in pre-market trading r after the company announced it regained Nasdaq compliance.
Solaris Resources Inc. SLSR rose 17.4% to $3.98 in pre-market trading.
Adaptive Biotechnologies Corporation ADPT gained 17% to $7.99 in pre-market trading. Adaptive Biotechnologies will report financial results for the first quarter after market close on Thursday, May 1.

Losers

MKDWELL Tech Inc. MKDW fell 43.5% to $0.22 in pre-market trading after jumping over 70% on Monday.
TNL Mediagene TNMG fell 36.7% to $0.1857 in pre-market trading after declining 5% on Monday.
SHF Holdings, Inc. SHFS shares fell 22.2% to $3.26 in pre-market trading after jumping around 96% on Monday.
Outset Medical, Inc. OM shares tumbled 16.8% to $8.30 in pre-market trading. Outset Medical will release financial results for the first quarter after the close of trading on Wednesday, May 7.
National Energy Services Reunited Corp. NESR shares fell 16.4% to $5.00 in pre-market trading.
INmune Bio, Inc. INMB fell 16.1% to $6.11 in pre-market trading.
Gulf Resources, Inc. GURE shares dipped 11.7% to $0.6890 in pre-market trading after dipping over 17% on Monday.
USA Rare Earth, Inc. USAR declined 9.3% to $10.65 in pre-market trading. USA Rare Earth will release financial results for the first quarter, after the closing bell on Wednesday, May 14.
Tyra Biosciences, Inc. TYRA fell 7.3% to $8.40 in today's pre-market trading.
SITE Centers Corp. SITC dipped 5.7% to $11.01 in pre-market trading.