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Check out the companies that are trending in pre-market trading. Twilio – Shares fell nearly 11% after the consumer engagement company announced lower-than-expected earnings guidance for the current quarter. Twilio also reported total active consumers for the quarter, which was lower than Wall Street expectations. Cisco — Shares fell 4.4% after the technology company posted an annual revenue decline in its fiscal second quarter. Cisco also announced a lighter-than-expected outlook for the fiscal third quarter and announced headcount reduction plans that will lead to a 5% reduction in headcount. Coinbase — Shares rose 8% after JPMorgan upgraded the crypto exchange platform from underweight to neutral, citing rising crypto prices. On Wednesday, Bitcoin reached its highest level in more than two years, regaining $1 trillion in market capitalization. Bitcoin was last up more than 1% on Thursday. TripAdvisor – Shares rose nearly 5% after the online booking company beat Wall Street expectations with fourth-quarter revenue and bottom line profits. TripAdvisor reported adjusted earnings of 38 cents per share on revenue of $390 million, compared with estimates of 22 cents and $374 million, respectively, by analysts surveyed by LSEG. JFrog — The software developer’s stock rose more than 19% after fourth-quarter results beat Wall Street expectations. JFrog reported adjusted earnings of 19 cents a share and revenue of $97 million, compared to analysts surveyed by FactSet’s expectations of 12 cents a share and revenue of $93 million. Shake Shack — The restaurant stock rose nearly 17% after the company beat Wall Street expectations on sales and bottom line. Shake Shack reported fourth-quarter revenue of $286.24 million, or an adjusted $0.02 per share, compared to the expectations of analysts surveyed by LSEG of $0.01 and $280.3 million, respectively. was. Deere — Shares fell 4% in premarket trading after the farm equipment maker lowered its full-year net profit outlook. Deere expects net income to be between $7.5 billion and $7.75 billion for the full year ending in October, up from the company’s previous guidance of $7.75 billion to $8.25 billion. is also low. “Going forward, we expect fleet replenishment to moderate as agricultural fundamentals normalize from record levels in 2022 and 2023,” CEO John C. May said in a statement. “There is,” he said. Otherwise, Deere beat expectations on revenue and bottom line in its first-quarter results. Super Microcomputer – The stock rose more than 4% after Bank of America initiated a buy rating on the information technology stock. The company said Super Micro will be a key beneficiary of upcoming artificial intelligence opportunities, and the company said he could be a future partner for peers such as Nvidia, AMD, and Intel. Marathon Digital Holdings – The cryptocurrency mining company’s stock rose more than 4% after Bitcoin’s market capitalization regained its $1 trillion mark and hit a two-year high. Arm Holdings – Arm Holdings’ stock rose in pre-market trading after AI darling Nvidia listed its investment in the chipmaker, according to a regulatory filing. —CNBC’s Hakyung Kim, Sarah Min and Pia Singh contributed reporting
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