Premarket Movers | UiPath Surges 9%; Salesforce and Guidewire Gain 3%; C3.ai Falls 2%; Snowflake Sinks 9%; Symbotic Tumbles 11%

UiPath shares surged 8.7% after the software company reported third-quarter results and guidance that topped Wall Street's forecast.

Salesforce raised its fiscal 2026 revenue and adjusted profit forecasts, anticipating growth in its artificial intelligence agent platform due to strong enterprise demand, sending its shares up 2.6%.

Guidewire shares gained 2.5%. The property and casualty insurance software provider reported better-than-expected fiscal first quarter results, with revenue and earnings surpassing analyst estimates as the company continues to see strong momentum for its cloud platform. The company also raised its full-year revenue outlook to between $1.403 billion and $1.419 billion, compared to the previous analyst consensus of $1.4 billion.

Five Below raised its profit outlook for the third time in its fiscal year, lifted by demand for budget-friendly trendy goods as US consumer sentiment wanes amid high prices and a weaker labor market. The shares rose 1.6%.

C3.ai shares dipped 1.7% after the company reported a beat on adjusted loss per share and subscription revenue, but missed gross margin expectations. The company’s fiscal second-quarter adjusted loss of 25 cents per share widened from a loss of 6 cents per share a year earlier. Analysts polled by LSEG had expected a loss of 33 cents per share.

Fastly shares dropped 4.4% following the cloud computing services provider’s announcement of a private offering of $125 million in convertible senior notes due 2030.

Snowflake forecast fourth-quarter product revenue above analysts' estimates but falls short of lofty investor expectations for stronger growth, sending its shares down 8.9%.

Symbotic shares tumbled 10.9% after announced that it has commenced an underwritten public offering of 10,000,000 shares of its Class A common stock by the Company and SVF Sponsor III (DE) LLC, an affiliate of SoftBank Group Corp.