Benzinga's Top #PreMarket Losers - Align Tech (NASDAQ:ALGN), Cisco Systems (NASDAQ:CSCO)

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Cisco Systems (NASDAQ: CSCO) dipped 10.94% to $21.37 in the pre-market session after the company posted weaker-than-expected fiscal first-quarter revenue and issued a weak outlook. Cisco also increased its share buyback program by $15 billion. Deutsche Bank downgraded the stock from Buy to Hold.NetEase (NASDAQ: NTES) shares dropped 10.68% to $62.00 in pre-market trading after the company posted its Q3 unaudited financial results. Deutsche Bank downgraded the stock from Buy to Hold.Kohl's (NYSE: KSS) shares fell 9.39% to $52.79 in the pre-market trading after the company reported an 18% drop in its third-quarter profit and lowered its outlook.Align Technology (NASDAQ: ALGN) dipped 4.92% to $55.51. Align shares have jumped 129.93% over the past 52 weeks, while the S&P 500 index has gained 31.68% in the same period.

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