Skip to main content

Premarket Movers Friday - Datadog, Palo Alto Networks, Foot Locker

Stocks moving in premarket trading Friday include Datadog, Palo Alto Networks, Foot Locker and AT&T.

Stock futures rose Friday as signs of recovery for the U.S. economy buoyed optimism and overshadowed lingering fears of higher inflation

Dow Futures Gain as Recovery Bets Trump Inflation Concern; Bitcoin Steadies

Here are some of the top movers during premarket trading on Friday.

1. Datadog DDOG | Up 5.3%

Shares of Datadog  (DDOG) rose after the network-monitoring provider was upgraded to overweight from equal weight by analysts at Morgan Stanley. The investment firm said the company was serving a critical role in helping companies switch to cloud operating models.

2. Palo Alto Networks PANW | Up 6.1%

Shares of Palo Alto Networks  (PANW)  jumped after the cybersecurity firm on Thursday boosted key financial goals for its current fiscal year.

Palo Alto said it expects fiscal-year adjusted earnings of $5.97 to $5.99 a share on revenue of $4.2 billion to $4.21 billion.

"The work-from-home shift earlier in the year and recent cybersecurity issues have increased the focus on security," said Nikesh Arora, chairman and chief executive, in a statement. 

3. AT&T T | Up 2.4%

Shares of AT&T  (T)  were higher after the company received upgrades from analysts at UBS and New Street that lauded the telecom giant’s decision to merge its WarnerMedia unit with Discovery  (DISCA) .

UBS analyst John Hodulik lifted his rating on AT&T to buy and raised his one-year price target to $35 from $32. 

New Street’s Jonathan Chaplin upgraded AT&T to buy from neutral and set a tactical six-month price target of $35,

4. Foot Locker FL | Up 2.2%

Shares of Foot Locker  (FL)  advanced after the athletic-apparel retailer posted better-than-expected first-quarter earnings Friday thanks to a surge in same-store sales as shoppers returned from pandemic-triggered closures. Foot Locker declined to provide full-year profit guidance.