Check out the companies making headlines before the bell. Oracle — Oracle shares jumped more than 9% after the cloud infrastructure company gave strong fiscal third quarter results and lifted its revenue guidance for fiscal 2027. Management lifted its fiscal 2027 revenue outlook up $1 billion to $90 billion. Analysts polled by LSEG sought $86.6 billion. AeroVironment — Shares of the drones maker fell 10% on the back of weak third-quarter results, specifically a hefty miss in revenue. AeroVironment reported adjusted earnings of 64 cents per share on revenue of $408 million for the period, which was less than the 69 cents per share on $476 million analysts were expecting, per LSEG. Cadre Holdings — Cadre, a maker of safety products, saw shares drop nearly 9%. The company reported fourth-quarter earnings of 27 cents per share, which significantly missed the 40 cents per share estimate from analysts surveyed by FactSet. Its revenue of $167.2 million also fell short of the $182.9 million forecasted. Nike — The stock ticked up 2% after Barclays upgraded the athleticwear maker to overweight, raising its price target to $73 from $64. “We are upgrading NKE to OW, focusing on recent operational progress, financial inflections, and management’s disciplined actions,” Barclays analysts wrote in the note. “While acknowledging ongoing risks, we believe the risk/reward profile has shifted favorably, making NKE an attractive tactical investment opportunity at this stage.” Upstart Holdings — Shares added 3% after the artificial intelligence lending marketplace unveiled its plan to apply with federal banking regulators to establish a national insured financial institution, Upstart Bank. — CNBC’s Pia Singh contributed reporting
Stocks making the biggest moves premarket: ORCL, AVAV, NKE
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