Premarket Movers | Snowflake Soars 24%; ServiceNow Gains 3%; Broadcom Falls 1.5%; HPE Drops 6%; NetApp Sinks over 8%
Snowflake rose 24% in premarket trading. The company delivered stronger-than-expected Q2 results and raised full-year guidance, while reiterating a path to GAAP profitability in fiscal 2028.

ServiceNow rose nearly 3%. The stock rebounded after two sessions as the company expanded AI partnerships and secured fresh analyst upgrades.

Broadcom fell 1.5%. The company beat expectations and highlighted AI accelerator shipments for key customers, while forecasting Q4 consolidated gross margin around 73%.

Ciena rose 1.65%. The move followed a filing disclosing CEO Gary Smith’s sale of 2,952 shares.

NetApp fell over 8%. Shares retreated despite an earnings beat, with profit-taking cited amid elevated expectations.

Hewlett Packard Enterprise fell about 6%. Strong Q3 results and raised guidance were overshadowed by supply bottlenecks and potential dilution from Oracle-related warrants.

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