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Palo Alto Networks shares surge after earnings, Tesla climbs and more stocks on the move

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Palo Alto Networks, Napco Security, Tesla and Jet.AI were among the biggest moving stocks ahead of Monday's open.

Shares of Palo Alto Networks Inc. PANW, +1.02% surged 8% after the cybersecurity company’s unusual late Friday report revealed earnings and a billings outlook above Street estimates as AI-backed cyberattacks rise and the Securities and Exchange Commission seeks quicker reporting from companies on material attacks.

Tesla Inc. TSLA, -1.70% shares rose 3.2% in premarket, possibly headed for its first winning session in seven, after Baird analyst Ben Kallo said price cuts and their impact on margins will drive the narrative for the electric vehicle maker in the second half.Napco Security Technologies Inc. NSSC, +0.55% shares tumbled 31% in premarket.

Jet.AI Inc.’s stock JTAI, +64.25% fell 14% after the private-jet booking company released its AI-based booking app on Apple’s App Store, driving shares to close up 64% on Friday. Nikola Corp.’s stock NKLA, +4.81% slid 4% in premarket after the electric truck maker said it plans to offer $325 million in senior convertible bonds in a registered direct offering.

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