Benzinga's Top #PreMarket Losers

Xcerra XCRA shares slipped 9.86% to $7.59 in pre-market trading after the company reported Q1 earnings of $0.28 per share on revenue of $127.20 million and issued a weak Q2 forecast. Chico's FAS CHS fell 5.05% to $15.03 in pre-market trading after the company reported weaker-than-expected earnings for the third quarter. Cyber-Ark Software CYBR shares declined 4.25% to $45.01 in pre-market trading on downgrades from Blair and Nomura. Brocade Communications Systems BRCD shares dropped 4.19% to $11.20 in pre-market trading. The company beat fourth-quarter earnings expectations on Monday. The company didn't comment on recent rumors that it may be for sale.