Stock futures were mixed but mostly unchanged as traders continue to digest earnings reports.
Here are some of the early-market movers for Thursday.
Switch & Data Facilities Co. Inc. (SDXC)
Shares of the network data center provider gained 25.3% in pre-market trading after announcing it would be acquired by Equinix Inc. for $689 million in cash and stock.
Harvest Energy Trust (HTE)
After Korea’s National Oil Corp.announced it would acquire Harvest Energy Trust in a $3.95 billion deal, analysts at UBS and RBS raised their ratings. Shares jumped 33.4% in pre-market trading.
F5 Networks Inc.'s (FFIV)
Shares of the networking products company were up 9.7% in Thursday’s pre-market trading after posting fourth-quarter results that beat analyst estimates. The company reported earnings excluding certain items of 50 cents per share on revenue of$175.1 million. Analysts had been expecting earnings of 41 cents per share on revenue of $164 million.
Logitech International SA (LOGI)
Despite a 71% drop in net profit from last year, Logitech posted second-quarter results, which beat analyst expectations coming in with earnings per share of 11 cents on revenue of $498.1 million. Analysts had been expecting revenue of $483.1 million and the company gave an optimistic outlook for the third quarter. Shares were up 8.3% in pre-market trading.
TriQuint Semiconductor Inc. (TQNT)
Shares were down 18.2% in Thursday’s pre-market trading after releasing third-quarter results after the bell Wednesday and lowering guidance for the fourth quarter. The company reported earnings excluding items of 10 cents per share inline with analyst estimates. Revenue came in at $173 million coming in below estimates of $173 million.
Equinix Inc. (EQIX)
Shares of the IT infrastructure provider were down 4.6% in pre-market trading after analysts at Citigroup downgraded the stock to “hold” from “buy” following the company’s announcement it would acquire Switch & Data Facilities Inc. for $689 million in cash and stock.
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