Why Super Micro Computer Shares Are Trading Higher By Over 10%; Here Are 20 Stocks Moving Premarket

Shares of Super Micro Computer, Inc. SMCI shares rose sharply in today’s pre-market trading as the company posted upbeat results for its second quarter.

Super Micro Computer reported quarterly earnings of $5.59 per share, beating the analyst consensus estimate of $4.93. The company reported quarterly sales of $3.67 billion, which topped the analyst consensus estimate of $3.06 billion.

The company also raised its fiscal year 2024 guidance for revenues from a range of $10 billion to $11 billion to a range of $14.3 billion to $14.7 billion.

Super Micro Computer shares jumped 10.6% to $548.25 in pre-market trading

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

Gainers

• Agape ATP Corporation ATPC gained 65.1% to $0.8420 in pre-market trading after gaining around 13% on Monday.
• Petros Pharmaceuticals, Inc. PTPI gained 45.3% to $1.99 in pre-market trading after gaining more than 25% on Monday. Petros Pharmaceuticals recently announced completion of initial cohort of Phase 2 equivalent self-selection study.
• C3is Inc. CISS shares jumped 40.6% to $0.19 in pre-market trading after a 13G filing showed S.H.N. Financial reported a 9.1% stake in the company.
• Cullinan Oncology, Inc. CGEM surged 29.3% to $19.00 in pre-market trading after gaining over 12% on Monday.
• Inspire Veterinary Partners, Inc. IVP gained 23.2% to $0.2107 in pre-market trading after falling around 24% on Monday. Inspire Veterinary Partners recently filed a prospectus related to up to a $5 million public offering.
• Akso Health Group AHG shares gained 17.1% to $1.58 in pre-market trading after falling around 4% on Monday.
• Sanmina Corporation SANM shares rose 16.3% to $58.90 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.
• Agrify Corporation AGFY shares climbed 16% to $0.5881 in pre-market trading after dipping over 16% on Monday.
• F5, Inc. FFIV shares rose 8% to $200.11 in pre-market trading after the company posted better-than-expected results for its first quarter on Monday.

Losers

• Marin Software Incorporated MRIN shares dipped 50% to $0.19 in pre-market trading.
• Sidus Space, Inc. SIDU shares fell 37.9% to $5.40 in pre-market trading.
• Sidus Space priced its public offering of 1,251,700 class A shares at $4.50 per share.
• 60 Degrees Pharmaceuticals, Inc. SXTP shares declined 26.3% to $0.3810 in pre-market trading. 60 Degrees Pharmaceuticals recently announced that, following a Type C meeting held on January 17, 2024, with the FDA, the company will move forward with a pivotal clinical study of tafenoquine in hospitalized babesiosis patients in the U.S.
• Calix, Inc. CALX fell 25.4% to $33.03 in pre-market trading after the company issued first-quarter adjusted EPS and revenue guidance below estimates.
• CNS Pharmaceuticals, Inc. CNSP shares fell 24.6% to $0.25 in pre-market trading after the company reported pricing of $4.0 million public offering.
• Addex Therapeutics Ltd ADXN fell 23.2% to $10.06 after gaining 7% on Monday.
• Nyxoah S.A. NYXH shares declined 22.4% to $9.58 in pre-market trading after surging 31% on Monday.
• Infobird Co., Ltd IFBD declined 20.6% to $0.5510 in pre-market trading after gaining around 35% on Monday.
• OneMedNet Corporation ONMD shares fell 20.4% to $1.09 in pre-market trading after jumping 156% on Monday.
• Revelation Biosciences, Inc. REVB shares dipped 12% to $11.43 in pre-market trading after gaining around 32% on Monday.

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