Stocks making the biggest moves premarket: Bowlero, UiPath, Broadcom and more

Have a look at the corporations creating buzz before the opening bell.

Bowlero

• The stock saw an increase of over 12% following the fiscal fourth quarter revenue of the bowling alley chain that exceeded Wall Street’s forecasts. The revenue for the quarter was reported to be $283.9 million, surpassing the $273.4 million expected by FactSet analysts. The company’s revenue projection for fiscal 2025 also surpassed expectations.

UiPath

• The software company’s shares climbed more than 8% after returning second-quarter results that beat expectations. UiPath reported $316 million in revenue with an adjusted earnings of 4 cents per share, outpacing the LSEG’s estimated 3 cents per share and a revenue of $304 million. The company hiked its annual forecast and extended its share buyback scheme.

Broadcom

• The semiconductor maker witnessed a 7% drop in share price due to its revenue guidance for the next quarter falling short of expectations. Broadcom anticipates $14 billion of revenue in its fourth fiscal quarter, just below the $14.04 billion forecasted by LSEG analysts, although Broadcom did surpass third-quarter estimates.

Smartsheet

• The stock rose over 4% after the work management software company beat second-quarter earnings estimates. Smartsheet reported an adjusted earnings of 44 cents per share on revenue of $276.4 million, exceeding FactSet analysts’ expectations of 29 cents per share and $274.2 million revenue. On Thursday, Reuters cited sources claiming that Vista and Blackstone are considering acquiring Smartsheet.

Super Micro Computer

• The AI server manufacturer’s stock went down 2.5% after JPMorgan downgraded it to neutral from overweight. The bank, which also significantly lowered its price target to $450-$500, stated that there’s no reason to buy shares as long as compliance regain uncertainty exists.

Guidewire Software

• The shares spiked over 7% following the company surpassing Wall Street’s forecasts. Excluding items, Guidewire reported 62 cents per share and a revenue of $291.5 million, outdoing FactSet analysts’ predictions of 54 cents per share and a revenue of $283.8 million.

Samsara

• The software company’s stock rose over 5% when a full-year forecast beat expectations. Samsara predicted adjusted earnings of between 16 and 18 cents per share, and revenue of $1.224 to $1.228 billion. This is higher than the consensus estimate of 13 cents per share on a revenue of $1.21 billion, according to LSEG.