Check out the companies making headlines in premarket trading. C3.ai — The technology stock tumbled 19.2% after on weaker-than-expected subscription revenue during the company's fiscal first quarter. C3.ai posted $73.5 million for the top line, while analysts polled by FactSet had penciled in $79.2 million. Verizon , Frontier Communications — Verizon announced it will purchase Frontier Communications in an all-cash deal valued at $20 billion, confirming earlier reports of the transaction.
Verint earned an adjusted 49 cents per share on $210 million in revenue, while analysts surveyed by LSEG had anticipated 53 cents and $213 million. ChargePoint — Shares of the electric vehicle charging company plunged nearly 8% after ChargePoint reported second-quarter revenue of $109 million while Wall Street was expecting $114 million, according to LSEG.
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