Shares of Akamai Technologies Inc (NASDAQ:AKAM) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY26 sales guidance.

Akamai reported first-quarter revenue of $1.074 billion for the period ended Mar. 31, beating the analyst estimate by 0.17%. It was up 6% year-over-year. The company reported earnings per share of $1.61, surpassing estimates by 8.78%.

Akamai Technologies shares jumped 26.4% to $147.50 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• Phoenix Asia Holdings Ltd (NASDAQ:PHOE) gained 105.5% to $39.20 in pre-market trading after it announced a $1 billion stock acquisition agreement to acquire clinical-stage pharmaceutical firm ACEA Pharma Inc., marking a dramatic pivot from its construction roots into oncology and autoimmune drug development.
• GD Culture Group Ltd (NASDAQ:GDC) gained 53.9% to $0.23 in pre-market trading after the Nevada-based holding company announced that its board of directors has formed a special committee consisting of three disinterested, independent directors to evaluate and consider the preliminary non-binding proposal letter received on May 1.
• Robo.ai Inc (NYSE:AIIO) gained 38.7% to $0.82 in pre-market trading after the company reported better-than-expected first-quarter financial results.
• Aspire Biopharma Holdings Inc (NASDAQ:ASBP) rose 30.4% to $0.24 in pre-market trading.
• Innodata Inc (NASDAQ:INOD) rose 30.3% to $59.51 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued FY26 sales guidance above estimates
• Rackspace Technology, Inc (NASDAQ:RXT) rose 15.1% to $4.05 in pre-market trading after the company reported better-than-expected first-quarter sales results.
• JFrog Ltd (NASDAQ:FROG) rose 15.1% to $66.00 in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY26 guidance above estimates.
• Amtech Systems Inc (NASDAQ:ASYS) gained 15.1% to $21.05 in pre-market trading after the company reported better-than-expected second-quarter financial results.
• Aligos Therapeutics Inc (NASDAQ:ALGS) rose 13.2% to $6.83 in pre-market trading following upbeat quarterly results.

Losers

• Forward Air Corp (NASDAQ:FWRD) fell 42.8% to $9.90 in pre-market trading after the company reported worse-than-expected first-quarter financial results.
• Kodiak AI Inc (NASDAQ:KDK) fell 33.7% to $6.03 in pre-market trading after the company reported first-quarter financial results. The company announced a $100 million common stock and warrant private placement.
• BT Brands Inc (NASDAQ:BTBD) fell 28.4% to $1.26 in pre-market trading after the company disclosed the termination of its planned merger agreement with Aero Velocity Inc.
• TSS Inc (NASDAQ:TSSI) declined 24.4% to $11.97 in pre-market trading after the company reported first-quarter financial results.
• Upwork Inc (NASDAQ:UPWK) tumbled 22.6% to $8.21 in pre-market trading after the company reported mixed first-quarter financial results and cut its FY26 sales guidance below estimates.
• Sensus Healthcare Inc (NASDAQ:SRTS) shares dipped 21.6% to $3.29 in pre-market trading after the company reported worse-than-expected quarterly results.
• HubSpot Inc (NYSE:HUBS) fell 20.8% to $193.04 in pre-market trading after the company reported first-quarter financial results and issued second-quarter sales guidance below estimates.
• Cloudflare Inc (NYSE:NET) dipped 16.2% to $215.00 in pre-market trading after the company reported first-quarter financial results and issued second-quarter sales guidance with its midpoint below estimates.
• DXC Technology Co (NYSE:DXC) dipped 16.2% to $10.04 in pre-market trading after the company reported mixed fourth-quarter financial results and issued FY27 adjusted EPS guidance below estimates.
• Trade Desk Inc (NASDAQ:TTD) fell 15.8% to $19.75 in pre-market trading after the company reported mixed first-quarter financial results and issued second-quarter revenue guidance below estimates.

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