Premarket Movers: Moderna, Cloudflare, Airbnb Surge; DraftKings, Atlassian, Five9 Slide on Earnings

U.S. stock futures saw significant single-stock volatility Friday as a wave of quarterly results and guidance updates drove sharp premarket swings across technology, biotech, and consumer sectors.

Moderna shares jumped nearly 10% after the vaccine maker delivered a third-quarter earnings beat and raised its full-year sales outlook. The company now projects 2026 revenue growth of 15% to 25%, a significant increase from prior guidance of no more than 10%.

Cloudflare rallied 19% after issuing current-quarter guidance that topped Wall Street estimates. The network security provider forecast adjusted earnings of 43 cents per share on revenue of $845 million to $846 million, surpassing consensus expectations of 38 cents and $796 million, respectively.

Airbnb gained 13% following a strong third quarter. The lodging marketplace posted earnings of $3.16 per share on revenue of $4.87 billion, exceeding analyst projections of $2.85 per share and $4.75 billion in revenue.

JFrog soared 23% after the software developer raised its full-year outlook. The company now expects adjusted earnings of $1.14 to $1.16 per share on revenue of $680 million to $682 million, well above the FactSet consensus of 98 cents and $651.9 million.

Lam Research surged nearly 11% after its board authorized a $25 billion stock repurchase program.

On the downside, DraftKings tumbled more than 20% after reporting a wider-than-expected third-quarter loss of 94 cents per share and revenue of $1.33 billion, missing estimates of a 39-cent loss and $1.40 billion in revenue. Sportsbook revenue of $784 million also fell short of the $811.8 million consensus.

Atlassian shares plunged over 18% after the collaboration software provider warned of declining year-over-year data center revenue growth—projecting a roughly 14% drop in the fiscal second quarter and a 16% decline for the full fiscal year ending June 2025.

Five9 dropped more than 17% after lowering its full-year adjusted EPS guidance and announcing a $325 million cash acquisition of Level AI.

Axon Enterprise fell nearly 9% following a third-quarter EPS and revenue miss, weak fourth-quarter guidance, and a commitment to invest an additional $1.2 billion in drone maker Skydio, raising its stake to approximately 37%.

Affirm Holdings declined 4%. Despite posting quarterly results and forward guidance above expectations and raising its gross merchandise volume outlook, the buy-now-pay-later lender faced lingering credit quality concerns.

Lyft slid more than 5% after third-quarter revenue of $1.82 billion missed the $1.92 billion consensus. Fourth-quarter bookings guidance of $5.74 billion to $5.94 billion straddled the $5.81 billion FactSet estimate.

In the semiconductor space, AI-exposed names including Micron Technology, SanDisk, Marvell Technology, Advanced Micro Devices, Nebius, and CoreWeave recovered ground in premarket trading, rebounding from Thursday’s sharp selloff driven by concerns over potential constraints on AI data-center expansion.

Iren, a neocloud provider, jumped nearly 19% after fiscal first-quarter revenue grew to $228 million from $137 million sequentially. However, the company noted that more than $4 billion in projected annual recurring revenue for 2026 has been delayed until at least January 2027. The stock has dropped 31% over the past week amid the broader AI sector rout.

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