Stock Movers

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Workday (WDAY) shares jumped after a Reuters report that private equity firm Silver Lake is in talks to purchase the software provider. The private equity firm has been in discussions for several months about a takeover of Workday, which makes software for business tasks such as human resources, Reuters reported Thursday citing unidentified people familiar with the talks. There is no guarantee a deal will occur, the newswire said. The shares jumped 26% to $220.50 before they were halted for volatility. Workday has been one of the software companies whose business has been threatened by artificial intelligence startups. The stock had dropped 18% through Wednesday’s close.

- Cisco Systems (CSCO) shares fell after the company projected $7.5 billion in AI data center sales this fiscal year, which disappointed investors. AI sales will make up about 10% of Cisco's projected total revenue of $72.2 billion to $73.4 billion in fiscal 2027, according to a company statement. Cisco Chief Executive Officer Chuck Robbins described the AI sales guidance as "a good, prudent guide for the year", despite analysts questioning how it lined up with AI-related orders.

- Birkenstock (BIRK) is rallying after the footwear maker boosted its adjusted Ebitda forecast for the full year. The German company also reported better-than-expected sales for the second quarter. The German company now expects revenue growth of 15% on a constant-currency basis for the fiscal year that ends in September, according to a statement Thursday, implying revenue of as much as €2.35 billion ($2.7 billion). It also sees adjusted earnings before interest, taxes, depreciation and amortization of at least €710 million. Both targets are broadly in line with analyst estimates
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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
- Cerebras (CBRS) shares slid after the company projected slower growth than some investors anticipated. Revenue will be about $215 million in the current quarter, which topped the $212 million average estimate but was below some predictions. The company's cloud division revenue nearly quadrupled to $127.7 million on a core basis, eclipsing its hardware business, which sells computers outfitted with its chips.
- Stubhub (STUB) shares drop. The ticketing company reported earnings per share for the second quarter that missed the average analyst estimate. Analysts highlight a boost from the World Cup, but note that the company’s full-year forecast underwhelmed.
- Birkenstock (BIRK) shares rise. Birkenstock Holding Plc expects revenue growth of 15% on a constant-currency basis for the fiscal year that ends in September, implying revenue of as much as €2.35 billion. The company posted strong quarterly earnings, with constant-currency sales rising to €720 million in the quarter through June, and an adjusted gross profit margin of 59.2%.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

- Stubhub (STUB) shares drop. The ticketing company reported earnings per share for the second quarter that missed the average analyst estimate. Analysts highlight a boost from the World Cup, but note that the company’s full-year forecast underwhelmed.

- Cerebras (CBRS) tumbled after the company projected slower growth than some investors anticipated. Revenue will be about $215 million in the current quarter, which topped the $212 million average estimate but was below some predictions.

- Tapestry (TPR) shares slide. Shares of Coach and Kate Spade parent Tapestry are down after the handbag and accessories company gave initial fiscal 2027 forecasts for adjusted EPS and revenue which, at the midpoint, are slightly below the consensus estimate. This may be disappointing investors after the stock’s nearly 20% run since May 15th.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- StubHub (STUB) shares are dropping after the company reported earnings per share for the second quarter that missed the average analyst estimate.
- Birkenstock (BIRK) is rallying after the footwear maker boosted its adjusted Ebitda forecast for the full year. The German company also reported better-than-expected sales for the second quarter.
- Cerebras (CBRS) is lower after the company projected slower growth than some investors anticipated, causing its shares to fall in premarket trading.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Cerebras (CBRS) is lower after the company projected slower growth than some investors anticipated, causing its shares to fall in premarket trading.
- Cisco (CSCO) is also on a downward trend after the company issued its quarterly results and AI revenue forecast, despite the company's outlook for sales and profit in the first quarter topping analysts' estimates.
- StubHub (STUB) shares are dropping after the company reported earnings per share for the second quarter that missed the average analyst estimate.
- Tapestry birk(TPR) and Birkenstock (BIRK) are also moving this morning as investors react to earnings.
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