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Check out the companies that are trending in pre-market trading. Unity Software — Shares rose nearly 3% on news that the company will cut its workforce by 25%, or about 1,800 people. Hewlett Packard Enterprise, Juniper Networks — Juniper Networks stock soared more than 23% following a Wall Street Journal report that the company was nearing finalization of an acquisition deal by Hewlett Packard Enterprise . Hewlett Packard Enterprise’s stock price fell more than 9%. Match Group — Tinder’s owner rose nearly 16% after Reuters reported that activist investor Elliott Investment Management increased its stake in the company to about $1 billion. CrowdStrike — Shares of the cybersecurity company rose 2% after Morgan Stanley upgraded CrowdStrike from equal weight to overweight. The investment bank said CrowdStrike has a promising artificial intelligence platform with improving demand. The move comes after CrowdStrike’s stock price rose more than 5% on Monday. Netflix — Shares fell about 2% after being downgraded by Citi from buy to neutral. While Wall Street has high expectations for Netflix, the streaming giant faces potential risks, including revenue projections that may be too high, the bank said. PayPal — The payments application company fell about 2% after being downgraded to a peer rating by Morgan Stanley over concerns about the slow rollout of PayPal’s new initiatives. Rocket Lab USA — Aerospace stocks rose nearly 2% in premarket trading. Deutsche Bank reiterated its Buy rating on Rocket Lab on Tuesday, citing optimism after the company won a government contract to build a satellite. GoDaddy — This internet domain company rose about 2% after Piper Sandler upgraded it to Overweight on Tuesday. The company also named GoDaddy among his top ideas of 2024. —CNBC’s Michelle Fox and Jesse Pound contributed reporting
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