Atlassian Corporation, Wendy’s, Vista Corp, First Solar, Airbnb & more
Check out the companies making the biggest moves premarket: Atlassian — Shares were up more than 29% in premarket trading after the company beat FactSet consensus on revenue and guidance for its fourth-quarter earnings. The company expects revenue growth at 13% year over year, short of FactSet’s expectation of 13.4%. Wendy’s — Shares dropped 2% for the restaurant chain after it reported global sales decreased by more than 6%, which was driven by an 8.2% decline in the U.S. The company also withdrew its 2026 financial outlook but beat FactSet consensus on earnings, revenue and adjusted EBITDA. Solar stocks — Shares for solar stocks increased after President Donald Trump imposed tariffs on products that are imported to make solar panels. First Solar jumped more than 5%, Invesco Solar rose nearly 3% and SolarEdge Technologies gained 2%. Airbnb — Shares of the vacation rental company surged nearly 7% after Airbnb posted second-quarter earnings of $1.37 per share on revenue of $3.61 billion. That outpaced the earnings of $1.25 on revenues of $3.58 billion forecast by analysts surveyed by LSEG. Twilio — The customer engagement platform saw shares surge more than 17% in premarket. Twilio sees adjusted earnings of $1.42 to $1.47 per share on revenue of $1.51 billion to $1.52 billion. The LSEG consensus estimate sought $1.39 per share and $1.46 billion. The company also boosted its full-year revenue growth call to a range of 18% to 18.5% from 14% to 15%, also beating analysts’ forecast of 14.8% growth. Trade Desk — Shares tanked 27% after the digital advertising company Thursday posted second-quarter earnings and revenue that fell below expectations. Adjusted earnings of 34 cents missed the 40 cents consensus estimate from LSEG. Revenue of $715 million missed the anticipated $751 million. Cloudflare — The cloud cybersecurity company jumped more than 16.5% after issuing solid guidance for the full year and current quarter. Cloudflare expects adjusted earnings of 34 cents per share on revenue of $736 million to $737 million in the third quarter. That compares to the LSEG consensus call for 32 cents per share and $722 million in revenue. Second-quarter results also surpassed estimates on the top and bottom lines. Akamai Technologies — The cloud computing stock jumped 8.3% in premarket trading after Akamai Technologies beat estimates on the top and bottom lines. Akamai posted second quarter earnings of $1.59 per share, excluding items, more than the LSEG consensus of $1.57 per share. Revenue of $1.10 billion also beat the $1.09 billion forecast. — CNBC’s Darla Mercado and Sarah Min contributed to this report.
