Earnings season is really heating up. Big overnight movers include TransMedics, F5 and Boot Barn.
TransMedics stock dived 25% early Tuesday, signaling a gap below the 200-day line to a six-month low. The organ transplant products firm badly missed on earnings while a 64% revenue gain came up short.
Boot Barn stock tumbled 6% in premarket trade, though off Monday night lows. That signals a move below the 50-day line after trading in a tight range near highs. The footwear retailer just met EPS views while announcing CEO Jim Conroy will step down.
F5 stock leapt 11% before the open, set to clear a tight trading range and extend a bounce off the 10-week line. The networking play beat fiscal Q4 views and guided up on Q1 revenue. F5 also added a $1 billion stock buyback, with $422 million left on a prior authorization.
Harmonic dived 20% after initially surging Monday night, on a path to a 52-week high. Harmonic beat Q3 views with a 54% revenue jump.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
