Markets

Ericsson shares drop on profit warning as NetScout stock slides on outlook cut

1 Mins read

Here are some of the biggest moving shares ahead of Tuesday’s market open:

Stock gainers:

Tempest Therapeutics
TPST,
+4.30%,
whose stock has gained 2710% over the last five days, saw its stock rise by 8% in premarket trade.

Stock decliners:

Ericsson stock
ERIC,
-2.63%
fell 6% as the Swedish telecom equipment maker withdrew its 2024 margin guidance. Rival Nokia
NOK,
-2.36%
saw its shares fall 4%.

Shares of ServisFirst Bancshares Inc. 
SFBS,
-2.74%
fell 8% in after-hours trade after the bank reported third-quarter net interest income that came in below Wall Street’s expectations.

NetScout Systems Inc. shares
NTCT,
-15.73%
dropped 22% after the cybersecurity company cut its outlook for the year.

Read the full article here

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