Zscaler, Constellation Rise Premarket; Nike Falls on Berenberg Downgrade

Investing.com··US·Read original
3▲3 ▼2Impact / 5
Summary · why it matters

Zscaler shares gained 2.2% in premarket trading after the cybersecurity company reaffirmed its revenue and earnings guidance for fiscal 2027, maintaining its full-year revenue forecast of $3.91 billion to $3.94 billion and adjusted earnings per share guidance of $4.86 to $4.90. Nike shares fell more than 1% after Berenberg downgraded the sportswear maker to Sell from Hold and cut its price target to $27.50 from $49, arguing that the company has accepted a smaller place in sportswear. Constellation Energy stock climbed 3% after a major deal with Amazon, under which Amazon will purchase 690 megawatts of output from Constellation's Calvert Cliffs Clean Energy Center in Maryland under a 20-year contract supporting more than $3 billion in plant investment, and reports that Google is nearing a separate nuclear power supply agreement worth $1 billion or more. Vaxcyte stock fell 3.7% as investors weighed the dilutive implications of a $1 billion capital raise announced after Monday's close, consisting of $500 million in common stock and pre-funded warrants and $500 million in convertible senior notes due 2032. Freshworks stock climbed 3.9% after S&P Dow Jones Indices announced the company will be added to the S&P SmallCap 600 index effective before the market open on October 8, replacing BioLife Solutions.

Impact on assets 10

Artificial Intelligence▲ · 4 stocks
Freshworks Inc
FRSH
▲ PositiveCapitalrelevance

Freshworks will be added to the S&P SmallCap 600 index effective October 8.

Biotech & Genomic Medicine▼ · 2 stocks
Vaxcyte Inc
PCVX
▼ NegativeCapitalrelevance

Vaxcyte announced a $1 billion capital raise with dilutive implications for investors.

Cybersecurity & Digital Trust▲ · 2 stocks
Zscaler Inc
ZS
▲ PositiveCapitalrelevance

Zscaler reaffirmed its fiscal 2027 revenue and EPS guidance.

Energy Transition & Power Demand▲ · 1 stocks
Constellation Energy Corp
CEG
▲ PositiveDemandrelevance

Amazon will purchase 690 MW from Constellation's Calvert Cliffs under a 20-year contract supporting over $3 billion in plant investment.

Consumer Discretionary▼ · 1 stocks
Nike Inc
NKE
▼ NegativeCapitalrelevance

Berenberg downgraded Nike to Sell and cut its price target to $27.50 from $49.

Off-coverage companies 1

JOH Berenberg, Gossler & Co KGPrivate± Mixed
relevance

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