Market Movers | POET Soars 43%; Cisco, Klarna Surge 17%; Ondas Jumps 12%; Bullish Drops 9%; Doximity Sinks 24%

POET Technologies shares soared 43.2% Thursday following the announcement of a supply agreement with Lumilens Inc. that includes an initial $50 million purchase order for optical engines.

Cisco shares surged 16.9% in morning trading after the networking company issued results and guidance that topped Wall Street’s projections.

Klarna, the Swedish "buy now, pay later" services provider and online bank, posted ​first-quarter operating profit and revenue ahead of analysts' expectations ​on Thursday, helped by growth in U.S. markets. Klarna shares jumped 16.5% in morning trading.

Ondas Holdings shares jumped 11.7% in morning trading. The company announced a remarkable Q1 with a pro forma backlog soaring to $457 million, up from $68.3 million at the end of 2025. The company reported revenue of $50.12 million, reflecting a staggering 1079.3% year-over-year increase, surpassing expectations by $10.76 million. Ondas has also raised its full-year 2026 revenue forecast to a minimum of $390 million, exceeding the previous target of $375 million and the consensus estimate of $379.05 million. As of March 31, 2026, the company holds $1.48 billion in cash and equivalents, positioning it well for future growth.

Space technology company Intuitive Machines shares fell 1.2% in morning trading following the results, reflecting investor disappointment with the quarterly miss despite strong YoY growth.

Bullish stock dropped 9% in morning trading after Q1 earnings and revenue fell short of Wall Street consensus estimates as its operating expenses rose. The company also highlighted its upcoming $4.2B acquisition of Equiniti, which will unify a regulated transfer agent with end-to-end tokenization infrastructure.

Doximity shares sank 24% in morning trading after the telehealth company’s fiscal fourth-quarter profit came in below Wall Street expectations, with fiscal 2027 revenue guidance falling well short of analyst forecasts.