TiVo, Ciena, Facebook: Premarket Movers
NEW YORK (
) -
TiVo
(TIVO) - Get TiVo Corp. Report
shares slipped in premarket trading on Thursday as investors responded to the company's
and second-quarter guidance.
The digital video recording company reported a loss of 17 cents a share on $67.78 million in revenue late on Wednesday. TiVo's service and technology revenue came in at $54.5 million. Analysts polled by
Thomson Reuters
were looking for a loss of 15 cents a share on $54.89 million in service and technology revenue.
TiVo shares dipped 1.79% to $8.54 before market open after closing down 3.03% in Wednesday's trading.
Shares of
Ciena
(CIEN) - Get Ciena Corporation Report
, however, climbed after the company eased past analysts' estimates with its second-quarter results, released early on Thursday.
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Ciena's shares gained 4.88% to $12.46 before market open. The network equipment maker was also the most active
Nasdaq stock
on share volume of 846,092.
(FB) - Get Meta Platforms Inc. Class A Report
, which has seen its shares slump more than 25% since its IPO earlier this month, crept up 0.85% to $28.43 on share volume of 231,881.
The social networker's key partner,
Zynga
(ZNGA) - Get Zynga Inc. Class A Report
, also rose Thursday, gaining 3.41% to reach $6.07 on share volume of 230,702.
--Written by James Rogers in New York.
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