Key Stocks Moving Premarket: Intuit, Zoom, SolarEdge & More

Following the companies making significant premarket moves on Wednesday:

• Intuit (INTU)
  Shares dropped over 10% after the financial software giant issued a weaker-than-expected revenue outlook for fiscal 2027. The company projected revenues of $23.28 billion to $23.51 billion, below analysts’ expectations of $23.7 billion, according to FactSet data. Despite this, its Q4 earnings and revenue beat estimates.

• Zoom (ZM)
  The video conferencing platform fell nearly 7% as its forecast for the upcoming quarter missed Street projections. It projected third-quarter adjusted EPS between $1.46 and $1.48, short of the estimated $1.50 per share.

• Kohl’s (KHC)
  The department store chain slipped about 5% in premarket trading following a 0.9% decline in comparable sales—slightly worse than expected. However, Kohl’s raised its full-year guidance partly due to $150 million in tariff refunds and announced plans to restart $100 million in share buybacks in 2026.

• J.M. Smucker (SJM)
  Jumped approximately 5.6% after posting stronger-than-expected fiscal first-quarter results. Revenue reached $2.22 billion, topping the $2.13 billion consensus. Adjusted EPS came in at $3.24, though the comparison baseline wasn’t specified.

• SolarEdge Technologies (SEDG)
  Climbed close to 7% after receiving an upgrade from UBS. The firm cited new federal policies that could enhance pricing power and drive market share gains.

• Semtech Corporation (SMTC)
  Rose more than 5% after reporting better-than-anticipated second-quarter earnings. Adjusted EPS was 71 cents versus the projected 61 cents. Revenue figures and forward guidance also surpassed estimates.

• Box Inc. (BOX)
  Advanced slightly over 2% after delivering better-than-expected quarterly revenue. While adjusted profits matched forecasts and current-quarter guidance remained steady, the company trimmed its annual earnings outlook modestly.

• Boston Scientific (BSX)
  Declined over 3% following the disclosure of a cybersecurity incident that may disrupt operations and delay product access temporarily. No timeline for full recovery has been provided.

• SAP (SAP)
  Dropped nearly 4% after being downgraded by UBS to ‘Neutral’. Analysts noted delays in delivering agentic AI capabilities, potentially hampering monetization and pushing clients toward alternative solutions.

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