Stock futures were mixed in the premarket hours of Thursday as investors awaited key economic reports that could influence expectations for a Federal Reserve interest rate cut later this month.
Here are some of Thursday’s biggest stock movers:
Biggest stock gainers
- UiPath (PATH) +9% – Shares climbed after the automation software maker delivered a stronger-than-expected Q3 print and issued upbeat guidance. The company projected Q4 revenue in the range of $462M to $467M, with the midpoint of $464.5M slightly ahead of the $463.1M consensus. It also forecasts annualized recurring revenue of $1.844B to $1.849B.
- Salesforce (CRM) +2% – Shares rose after the cloud software leader issued stronger-than-expected guidance for the upcoming quarter and FY2026 following a strong Q3 results. For the Q4, the company projected revenue of $11.13B to $11.23B, with the midpoint topping $10.91B estimates, and guided adjusted EPS to $3.02–$3.04, roughly in line with $3.03 expectations. Salesforce also expects current remaining performance obligations to grow 15% Y/Y. In addition, the company raised its FY2026 outlook, now targeting revenue of $41.145B to $41.55B and adjusted EPS of $11.75–$11.77, both above prior forecasts and ahead of consensus.
Biggest stock losers
- Symbotic (SYM) -10% – Shares plunged after the company launched an underwritten public offering of 10M Class A shares, including 6.5M from the company and 3.5M from SVF Sponsor III, an affiliate of SoftBank Group. Symbotic will also grant underwriters a 30-day option to purchase up to 1.5M additional shares. The company expects to use its portion of the proceeds for general corporate purposes, while the selling holder will receive proceeds from its share sale.
- Snowflake (SNOW) -9% – Shares dipped despite a solid Q3 beat and 29% Y/Y revenue growth, as the company’s Q4 product revenue outlook only marginally cleared expectations. Snowflake guided Q4 product revenue to $1.195B–$1.2B, just above the $1.9B consensus, and raised its FY2026 product revenue forecast to $4.45B from $4.4B, ahead of the $4.41B estimate.
- Fastly (FSLY) -3% – Shares fell after the edge-cloud provider announced plans to offer $125M in convertible senior notes due 2030 in a private placement, with an additional $25M purchase option for initial buyers. The notes will be senior, maturing in December 2030, and may be redeemed under certain conditions beginning in late 2028. Fastly plans to use part of the proceeds for capped call transactions and to repurchase a portion of its outstanding 2026 notes, with the remainder allocated to general corporate purposes.
More on related stocks:
- Salesforce, Inc. (CRM) Q3 2026 Earnings Call Transcript
- Salesforce Q3: The Agentforce Inflection Point
- UiPath Inc. (PATH) Q3 2026 Earnings Call Transcript
- Salesforce outlines $41.45B–$41.55B revenue target for FY26 as Agentforce adoption accelerates
- Snowflake strikes $200 million AI deal with Anthropic