AudioCodes And Other Big Stocks Moving Lower In Monday's Pre-Market Session


U.S. stock futures traded mixed this morning. Here are some big stocks recording losses in today’s pre-market trading session.

  • AudioCodes Ltd. AUDC shares dipped 8.5% to $13.15 in pre-market trading after reporting preliminary results. AudioCodes said it expects Q1 revenue of $58.5 million to $60 million, down by 10%-12% year-over-year. The company also sees adjusted EPS of $0.07-$0.09.
  • HomeStreet, Inc. HMST dropped 7% to $16.99 in pre-market trading. HomeStreet is scheduled to conduct its quarterly earnings conference call on April 25, 2023.
  • NaaS Technology Inc. NAAS shares dropped 4.7% to $11.78 in pre-market trading after gaining 9% on Thursday. The company recently posted a Q3 loss of $0.05 per share.

Don’t forget to check out our premarket coverage here

  • Summit Materials, Inc. SUM fell 3.4% to $24.95 in pre-market trading.
  • Kingsoft Cloud Holdings Limited KC dropped 3.3% to $7.85 in pre-market trading.
  • Algonquin Power & Utilities Corp. AQN declined 3.1% to $8.35 in pre-market. Algonquin Power recently reiterated its FY23 adjusted EPS guidance of $0.55-$0.61.
  • Capital One Financial Corporation COF fell 2.9% to $92.18 in pre-market trading. Morgan Stanley, last week, maintained Capital One Finl with an Underweight and lowered the price target from $96 to $85.
  • Butterfly Network, Inc. BFLY shares dropped 2.6% to $ 2.22 in pre-market trading after jumping over 10% on Thursday. Butterfly Network shrecently announced it received 510(k) clearance for an AI-enabled Auto B-line Counter.

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