Cisco Issues Weak Outlook, Joins Fastly, Herbalife And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures trading higher by around 70 points on Thursday.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) fell in today’s pre-market trading following second-quarter results.

Cisco reported better-than-expected second-quarter financial results but issued weak full-year 2024 guidance. The company also announced a restructuring plan to cut approximately 5% of its global workforce.

Cisco Systems shares fell 5.2% to $47.68 in pre-market trading.

Here are some big stocks recording losses in today’s pre-market trading session.

• Nu Skin Enterprises, Inc. (NYSE:NUS) shares dipped 24% to $13.25 in pre-market trading after the company reported fourth-quarter financial results.
• Fastly, Inc. (NYSE:FSLY) shares fell 23.1% to $18.10 in pre-market trading after the company reported mixed fourth-quarter financial results.
• enGene Holdings Inc. (NASDAQ:ENGN) shares declined 13.3% to $14.30 in pre-market trading. enGene shares jumped around 116% on Wednesday after the company announced an oversubscribed $200 million private placement financing.
• Herbalife Ltd. (NYSE:HLF) shares fell 12.3% to $10.30 in pre-market trading following weak quarterly earnings.
• Twilio Inc. (NYSE:TWLO) fell 12.1% to $63.51 in pre-market trading after the company reported fourth-quarter financial results.
• Telomir Pharmaceuticals, Inc. (NASDAQ:TELO) tumbled 10.7% to $10.64 in pre-market trading after jumping around 70% on Wednesday.
• Larimar Therapeutics, Inc. (NASDAQ:LRMR) fell 7.9% to $11.01 in pre-market trading after gaining over 36% on Wednesday. Larimar Therapeutics priced the public offering of 17.16 million shares at $8.74/share for gross proceeds of approximately $150 million.
• Rollins, Inc. (NYSE:ROL) fell 6.3% to $41.48 in pre-market trading following quarterly results.
• Albemarle Corporation (NYSE:ALB) shares fell 5.6% to $108.00 in pre-market trading following quarterly results.

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