Check out the companies making headlines before the bell. Oracle — Oracle stock rose more than 9% after the cloud infrastructure company reported strong fiscal third-quarter results and raised its fiscal 2027 revenue outlook. Management raised its fiscal 2027 revenue guidance by $1 billion to $90 billion. Analysts polled by LSEG had expected $86.6 billion. AeroVironment — The drone maker’s stock price fell 10% on the back of poor results in the third quarter, especially a sharp drop in revenue. AeroVironment reported adjusted earnings of $408 million, or 64 cents per share, for the period, which was below the 69 cents per share, or $476 million, that analysts had expected, according to LSEG. Cadre Holdings — Shares of safety products maker Cadre fell nearly 9%. The company reported fourth-quarter earnings of 27 cents per share, well below the 40 cents per share expected by analysts surveyed by FactSet. Sales were also $167.2 million, lower than expectations of $182.9 million. Nike — Shares rose 2% after Barclays upgraded the sportswear maker to Overweight and raised its price target from $64 to $73. “We upgrade NKE to OW, highlighting recent operational progress, financial developments, and management’s disciplined actions,” Barclays analysts said in a note. “While we recognize the ongoing risks, we believe the risk-reward profile has changed favorably, making NKE an attractive tactical investment opportunity at this stage.” Upstart Holdings — Shares rose 3% after the artificial intelligence lending market announced plans to apply to federal banking regulators to form Upstart Bank, a nationally insured financial institution. — CNBC’s Pia Singh contributed reporting
