Benzinga’s Top Pre-Market Gainers (ARST, XIDE, SQNM, ARMH)

Arc Sight Inc ARST soared 12.01% to $22.2 in the pre-market session. Yesterday, the security and compliance management software provider announced quarterly revenue growth of 41% year-over-year for fiscal Q4 ended April 30, beating Wall Street estimates. Exide Technologies XIDE added 6.68% to $5.75 in pre-market trading. Yesterday, the stored electrical-energy solutions global leader announced a new battery licensing agreement with Honeywell Consumer Products Group, which is a business unit within the Honeywell Transportation Systems segment. Sequenom Inc SQNM moved up 6.57% to $6.33 in pre-market trading. Today, Auriga upgraded SQNM from “hold” to “buy” and upped their price target from $4 to $9, citing enhanced clarity for the T-21 screening test. ARM Holdings plc ARMH gained 3.01% to $12.67 in the pre-market session. According to Thomson Reuters, shares of ARMH are rising due to speculations of a possible bid from Apple Inc AAPL. Read more from Benzinga's Markets.