Benzinga's Top Pre-Market Losers

Fortinet, Inc

shares fell 13.09% to $18.99 in the pre-market trading. Fortinet reported weaker than expected sales and profits. Apogee Enterprises, Inc

dipped 11.13% to $25.94 in the pre-market session. Apogee Enterprises reported its fiscal fourth quarter earnings below the analyst expectations. Synergy Pharmaceuticals, Inc

shares dropped 11.48% to $5.32 in pre-market trading. Synergy Pharmaceuticals has announced the pricing of its underwritten public offering of 16,375,000 shares of common stock. The gross proceeds from this offering to Synergy are expected at $90,062,500, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Synergy. Raytheon Co

dipped 2.52% to $56.94 in the pre-market session. Fastenal has reported an 8.8% increase in its first-quarter earnings. The Pentagon intends to spend $20.6 billion on weapons through 2017, which represents a 4.5% decline to the budget projected a year ago.