Why Astera Labs Shares Are Trading Higher By Over 17%; Here Are 20 Stocks Moving Premarket

Shares of Astera Labs, Inc. (NASDAQ:ALAB) rose sharply in pre-market trading after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.

The company reported a 20% quarter-over-quarter increase in revenue, reaching a record $191.9 million during the second quarter. This represents a 150% year-over-year rise.

Astera Labs shares jumped 17.3% to $159.31 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

• BiomX Inc. (NYSE:PHGE) shares gained 34.2% to $0.5944 in pre-market trading. BiomX13G filing showed Morgan Stanley reported a 7.1% stake in the company as of June 30.
• Tenon Medical, Inc. (NASDAQ:TNON) climbed 33.5% to $1.87 in pre-market trading. Tenon Medical will release financial results for the second quarter after market close on Wednesday, Aug. 13.
• Myriad Genetics, Inc. (NASDAQ:MYGN) shares jumped 27.2% to $4.92 in pre-market trading after the company reported better-than-expected second-quarter EPS and sales.
• Xcel Brands, Inc. (NASDAQ:XELB) rose 23% to $1.39 in pre-market trading. Xcel Brands recently announced a $2.6 million public offering.
• Flywire Corporation (NASDAQ:FLYW) surged 22.2% to $12.68 in pre-market trading after second-quarter sales beat estimates.
• Ontrak, Inc. (NASDAQ:OTRK) gained 21.8% to $0.47 in pre-market trading after jumping 40% on Tuesday.
• Empery Digital Inc. (NASDAQ:EMPD) gained 17.3% to $11.45 in pre-market trading after gaining 8% on Tuesday.
• Grocery Outlet Holding Corp. (NASDAQ:GO) gained 15.6% to $15.05 in pre-market trading after the company raised FY2025 adjusted EPS guidance above estimates and affirmed sales guidance.
• RingCentral, Inc. (NYSE:RNG) rose 15.2% to $27.22 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance.

Losers

• LifeMD, Inc. (NASDAQ:LFMD) dipped 28.8% to $8.43 in pre-market trading after the company reported worse-than-expected second-quarter EPS and sales and issued weak third-quarter sales guidance.
• Personalis, Inc. (NASDAQ:PSNL) declined 26.1% to $4.17 in pre-market trading after the company reported a second-quarter revenue miss and cut its FY25 sales guidance.
• Evolus, Inc. (NASDAQ:EOLS) fell 25.5% to $6.63 in pre-market trading after the company missed second-quarter estimates and lowered its FY25 sales guidance.
• Fractyl Health, Inc. (NASDAQ:GUTS) dipped 25.1% to $1.40 in pre-market trading after the company announced a proposed public offering.
• FlexShopper, Inc. (NASDAQ:FPAY) fell 25.1% to $0.76 in pre-market trading.
• Opendoor Technologies Inc. (NASDAQ:OPEN) declined 18.5% to $2.05 in pre-market trading after the company issued weak third-quarter sales guidance.
• Digital Turbine, Inc. (NASDAQ:APPS) fell 18.2% to $4.45 in pre-market trading after the company reported a first-quarter EPS miss.
• Snap Inc. (NYSE:SNAP) shares fell 17.1% to $7.79 in pre-market trading following the release of its second-quarter financial results.
• Super Micro Computer, Inc. (NASDAQ:SMCI) shares tumbled 16.3% to $47.90 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and cut its FY26 sales guidance.
• Day One Biopharmaceuticals, Inc. (NASDAQ:DAWN) fell 14.2% to $5.90 in pre-market trading after the company reported worse-than-expected quarterly revenue results.

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