Netgear, Zendesk, WeWork and more


Take a look at some of the biggest movers in the premarket:

Netgear (NTGR) – Netgear tumbled 10.6% in premarket trading after the networking equipment maker reported weaker-than-expected preliminary results for the quarter that ended April 3. Netgear also cut its current-quarter revenue forecast, pointing to a weaker U.S. market for WiFi equipment.

Zendesk (ZEN) – Zendesk jumped 6.1% in premarket trading following a Bloomberg report that the customer service software developer is exploring a possible sale. Zendesk is said to have hired adviser Qatalyst Partners to assist in the process.

WeWork (WE) – WeWork rallied 5.4% in the premarket after the office-sharing company’s stock was rated “overweight” in new coverage at Piper Sandler. The firm points to confidence in WeWork’s path to profitability and how well the flexible office model fits a post-Covid world.

Acadia Pharmaceuticals (ACAD) – Acadia Pharmaceuticals slid 7.7% in premarket action after…

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