Check out the companies making headlines in premarket trading. Twilio — Shares dropped nearly 11% after the consumer engagement company issued lower-than-expected revenue guidance for the current quarter. Twilio also reporter total active consumers for the fourth-quarter that were below Wall Street estimates. Cisco — Shares dropped 4.4% after the tech company posted a yearly decline in revenue during the fiscal second quarter. Cisco also issued lighter-than-expected guidance for the fiscal third quarter and announced a downsizing plan that would lead to a 5% reduction in jobs . Coinbase — Shares jumped 8% after JPMorgan upgraded the cryptocurrency exchange platform to neutral from underweight, citing rising cryptocurrency prices. On Wednesday, Bitcoin regained a $1 trillion market cap as it reached a more than two-year high. On Thursday, Bitcoin was last higher by more than 1%. Tripadvisor — Shares climbed nearly 5% after the online booking company beat Wall Street estimates on the top and bottom line in the fourth-quarter. Tripadvisor reported an adjusted 38 cents per share on $390 million in revenue, while analysts polled by LSEG forecast 22 cents and $374 million, respectively. JFrog — Stock in the software development company climbed more than 19% after fourth-quarter results surpassed Wall Street estimates. JFrog reported an adjusted 19 cents per share on $97 million in revenue, against estimates …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Twilio — Shares dropped nearly 11% after the consumer engagement company issued lower-than-expected revenue guidance for the current quarter. Twilio also reporter total active consumers for the fourth-quarter that were below Wall Street estimates. Cisco — Shares dropped 4.4% after the tech company posted a yearly decline in revenue during the fiscal second quarter. Cisco also issued lighter-than-expected guidance for the fiscal third quarter and announced a downsizing plan that would lead to a 5% reduction in jobs . Coinbase — Shares jumped 8% after JPMorgan upgraded the cryptocurrency exchange platform to neutral from underweight, citing rising cryptocurrency prices. On Wednesday, Bitcoin regained a $1 trillion market cap as it reached a more than two-year high. On Thursday, Bitcoin was last higher by more than 1%. Tripadvisor — Shares climbed nearly 5% after the online booking company beat Wall Street estimates on the top and bottom line in the fourth-quarter. Tripadvisor reported an adjusted 38 cents per share on $390 million in revenue, while analysts polled by LSEG forecast 22 cents and $374 million, respectively. JFrog — Stock in the software development company climbed more than 19% after fourth-quarter results surpassed Wall Street estimates. JFrog reported an adjusted 19 cents per share on $97 million in revenue, against estimates …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
