Why Zscaler Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket

Shares of Zscaler, Inc. ZS rose sharply in today's pre-market trading after the company reported better-than-expected third-quarter earnings.

Zscaler said third-quarter revenue increased 32% year-over-year to $553.2 million, which beat the consensus estimate of $535.906 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of 88 cents per share, beating analyst estimates of 66 cents per share.

Zscaler shares jumped 17.5% to $184.12 in the pre-market trading session.

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

Gainers

• Nuburu, Inc. BURU rose 71.9% to $0.2750 in today's pre-market trading after falling around 12% on Thursday.
• XChange Tec Inc XHG shares gained 64.9% to $1.13 in pre-market trading after dipping 15% on Thursday.
• Novo Integrated Sciences, Inc. NVOS gained 49.9% to $0.6760 in pre-market trading following HSBC‘s confirmation of a $78 million Standby Letter of Credit.
• Adaptimmune Therapeutics plc ADAP gained 29.7% to $1.31 in pre-market trading after the company and Galapagos entered a clinical collaboration to license Adaptimmune’s uza-cel in in head & neck cancer.
• Cue Health Inc. HLTH shares rose 27.6% to $0.0925 in pre-market trading after gaining 32% on Thursday. Cue Health recently announced that it filed voluntary petitions under Chapter 7 of the U.S. Bankruptcy Code in the District of Delaware to pursue a wind down of its business.
• A2Z Smart Technologies Corp. AZ shares gained 22.3% to $0.4890 in pre-market trading.  
• The Gap, Inc. GPS shares climbed 21.9% to $27.45 in pre-market trading after reporting strong quarterly results
• Faraday Future Intelligent Electric Inc. FFIE gained 20.2% to $0.6799 in pre-market trading after jumping 27% on Thursday. Faraday Future Intelligent Electric recently reported worse-than-expected FY23 sales results and announced that it is withdrawing its production target guidance.
• Asana, Inc. ASAN rose 10.9% to $14.56 in pre-market trading. Asana posted a narrower-than-expected loss for its first quarter, while sales topped estimates.

Losers

• Sify Technologies Limited SIFY shares declined 40.4% to $1.00 in pre-market trading after gaining over 8% on Thursday.
• Summit Therapeutics Inc. SMMT shares declined 34.6% to $7.14 in pre-market trading. Summit Therapeutics jumped 272% on Thursday after the company’s Phase III HARMONi-2 trial met its primary endpoint.
• MongoDB, Inc. MDB shares dipped 24.5% to $234.00 in pre-market trading after the company issued weak FY25 guidance.
• JE Cleantech Holdings Limited JCSE shares fell 15.4% to $1.10 in pre-market trading after gaining around 85% on Thursday.
• Dell Technologies Inc. DELL shares fell 13.9% to $146.38 in pre-market trading. Dell reported upbeat earnings and sales results for the first quarter.
• SentinelOne, Inc. S shares fell 13.4% to $16.81 in pre-market trading after the company posted mixed first-quarter results.
• Genfit S.A. GNFT shares fell 12.4% to $5.23 in pre-market trading after gaining 13% on Thursday.
• Momentus Inc. MNTS shares fell 12.1% to $0.7610 in pre-market trading. Momentus received Nasdaq deficiency notice due to delayed Form 10-Q.
• Kintara Therapeutics, Inc. KTRA fell 11.9% to $0.2793 in pre-market trading after gaining over 16% on Thursday.
• OneMedNet Corporation ONMD shares declined 11.5% to $2.31 in pre-market trading. OneMedNet shares jumped 34% on Thursday after the company announced that it has entered into a non-exclusive three-year Master Services Agreement with an undisclosed U.S.-based medical technology company.

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