Benzinga's Top #PreMarket Losers
Infoblox (NYSE: BLOX) shares fell 32.55% to $13.84 in pre-market trading after the company reported that its CEO Robert Thomas is stepping down. The company also issued a downbeat forecast for the fiscal fourth quarter. Analysts at Deutsche Bank downgraded Infoblox from Buy to Hold and lowered the target price from $30 to $18.
Annie's (NYSE: BNNY) dipped 14.08% to $29.97 in pre-market trading after the company posted disappointing Q4 earnings and issued a weak outlook for the current fiscal year.
Express (NYSE: EXPR) shares dropped 12.84% to $11.88 in pre-market trading after the company reported weaker-than-expected first-quarter earnings and lowered its full-year earnings guidance.
Splunk (NASDAQ: SPLK) dropped 9.19% to $45.44 in pre-market trading after the company posted a Q1 net loss of $50.8 million, or $0.43 per share, versus a year-earlier loss of $16.1 million, or $0.16 per share.
Glu Mobile (NASDAQ: GLUU) shares declined 6.40% to $3.80 in pre-market trading after the company announced a proposed public offering of common stock.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.