Stocks making the biggest moves premarket: Coinbase, Palo Alto Networks, Toll Brothers and more

Check retired the companies making headlines successful the premarket:

Palo Alto Networks — The bundle institution added 9.3% aft posting adjusted net and gross for the fiscal 2nd 4th that topped Wall Street expectations. It was the 3rd consecutive 4th of profitability aft a decennary of losses. Palo Alto Networks' forecast for fiscal third-quarter adjusted net also bushed expectations.

Coinbase - Shares of the cryptocurrency speech roseate much than 1% aft Coinbase reported a smaller-than-expected loss for the 4th quarter. Coinbase's nonaccomplishment was $2.46 per stock connected $629 cardinal of revenue. Analysts surveyed by Refinitiv were expecting a nonaccomplishment of $2.55 per stock connected $590 cardinal of revenue. Subscription and services gross helped offset a quarter-over-quarter diminution successful trading volumes.

Keysight Technologies — The electronics institution dropped 7.9% after issuing a weaker-than-expected outlook for the fiscal 2nd quarter. Keysight expects net per stock to beryllium successful the scope of $1.91 and $1.97 with gross successful the scope of $1.37 cardinal to $1.39 billion, which autumn abbreviated of FactSet analysts' estimates of $1.94 and $1.4 billion, respectively.

Toll Brothers — Shares of the homebuilder roseate much than 2% connected the backmost of better-than-expected fiscal first-quarter results. Toll Brothers earned $1.70 per share, beating a Refinitiv statement estimation of $1.41 per share. Home income gross of $1.75 cardinal besides topped expectations of $1.73 billion.

Logitech — Logitech's U.S.-listed shares dipped astir 1% aft UBS downgraded the machine peripherals shaper to neutral from buy. "The situation for Logitech is getting incrementally tougher," UBS said.

Alcoa — Shares of the aluminum shaper climbed astir 2% aft Citi upgraded Alcoa to bargain from neutral, citing optimism astir China's economical reopening.

Intel — Intel shares fell astir 1% aft the chipmaker chopped its quarterly dividend to 12.5 cents per share.  "Prudent allocation of our owners' superior is important to alteration our IDM 2.0 strategy and prolong our momentum arsenic we rebuild our execution engine," CEO Pat Gelsinger said.

Stellantis — Shares of the car radical roseate much than 2% aft Stellantis reported full-year results that bushed expert expectations. The institution besides approved a 1.5 cardinal euro stock repurchase program.

CoStar Group — The commercialized existent property banal plummeted tumbled 15% successful aboriginal greeting trading aft the institution issued guidance for the existent 4th that fell abbreviated of analysts' estimates, according to StreetAccount. The determination besides followed confirmation from News Corp. that the 2 companies are nary longer engaged successful discussions regarding a imaginable merchantability by CoStar of Realtor.com.

La-Z-Boy — The furnishings banal gained 4.6% aft its adjusted net per stock for the fiscal 3rd 4th came successful astatine 91 cents, topping analysts' estimates of 66 cents, according to StreetAccount. Revenue was $572.7 million, versus the $529.6 cardinal expected.

Garmin — The fittingness tracker maker's banal gained 4.3% aft the company posted fourth-quarter earnings that bushed statement estimates. The institution reported consolidated gross of $1.31 billion, a 6% alteration compared to the anterior twelvemonth quarter, and net per stock of $1.35. Analysts served by StreetAccount had expected a $1.3 cardinal successful gross and net per stock of $1.19.

— CNBC's Jesse Pound, Tanaya Macheel and Michelle Fox contributed reporting.