Check out the companies with the biggest pre-market moves: Zscaler — According to LSEG, shares fell more than 23% after the cloud security company said it expected revenue of $875 million to $878 million for the current quarter. That fell short of the $879 million that analysts had been looking for. However, the company’s third-quarter adjusted earnings of $1.08 per share beat expectations of $1.01 per share, and its $850 million in revenue also beat the consensus estimate of $835 million. Palo Alto Networks , CrowdStrike — Two cybersecurity stocks fell as some of their peers fell on Zscaler’s earnings. Palo Alto fell 4% and CrowdStrike fell more than 3%. Bath & Body Works — Shares rose 15% after the company reported better-than-expected guidance for the quarter in its first-quarter earnings report. Analysts surveyed by FactSet had expected second-quarter earnings of 20 cents to 25 cents per share, compared with expectations of 21 cents. First-quarter profits and sales were also slightly above expectations. Semtech — Semiconductor shares soared 7% after Semtech reported better-than-expected first-quarter adjusted earnings and revenue. According to LSEG, the company also forecast that its profit, adjusted operating margin and EBITDA for the quarter also exceeded analysts’ expectations. Micron Technology — The chipmaker’s stock continued to rise Wednesday after the company surpassed the $1 trillion market cap on Tuesday, joining the exclusive club. The stock rose 7% on Wednesday, making it the best performer in the S&P 500 in premarket trading. SanDisk — The stock rose 3% as Barclays outperformed SanDisk. The bank said the imbalance between supply and demand will continue until 2027, giving companies such as SanDisk strong pricing power. Insulet — Shares fell about 5% after the medical device company announced a voluntary medical device modification for certain lots of some of its pods. This modification was due to a manufacturing issue that could result in insufficient doses of insulin to patients. Dick’s Sporting Goods — The company fell 2.5% after reaffirming its lowered full-year outlook for earnings per share of $13.50 to $14.50. Analysts polled by FactSet expected full-year earnings of $14.30 per share. First-quarter earnings were also slightly lower, at $2.90 per share, compared to expectations of $2.92 per share, according to analysts surveyed by LSEG. Sales were slightly higher than expected. Box — The cloud-based content management provider fell 1.5% after forecasting full-year adjusted earnings per share of $1.56, compared with analysts surveyed by LSEG expecting $1.63. However, Box reported first-quarter adjusted earnings of 37 cents per share on revenue of $306 million, beating the 36 cents per share and $304 million that analysts had been looking for. MGM — Shares rose 3% after JPMorgan upgraded its rating from neutral to overweight. The bank explained that U.S. leisure travelers are resilient despite macroeconomic headwinds, which makes growth forecasts positive for the Las Vegas Strip. Modine Manufacturing — The manufacturing stock rose 2.5% after Modine reported fiscal fourth-quarter adjusted earnings of $1.71 per share on revenue of $954.5 million. Analysts surveyed by FactSet had been looking for earnings of $1.55 per share and revenue of $920.7 million. Modine stock soared nearly 14% on Tuesday after the company announced it had signed a $4 billion data center cooling contract. Abercrombie & Fitch — Shares rose more than 4% after the company reported first-quarter adjusted earnings of $1.47 per share. Analysts polled by FactSet had expected earnings of $1.28 per share. However, revenue was slightly below expectations, and the outlook for the current quarter was weaker than expected. —CNBC’s Lisa Kailai Han contributed reporting.
