Cisco Leads Midday Movers as Ford, StubHub, and Doximity Post Big Swings

CNBC reported Thursday that several major stocks swung sharply in afternoon trading, with Cisco Systems and StubHub rallying on earnings beats while Doximity tumbled on disappointing guidance. Ford Motor extended a massive two-day run, adding to Wednesday’s 13% gain.

Cisco and StubHub Headline the Winners

Cisco Systems shares rocketed 14% after the networking giant’s fiscal third-quarter results topped Wall Street forecasts on both revenue and profit. For the current quarter, Cisco guided for adjusted earnings of $1.16 to $1.18 per share on revenue between $16.7 billion and $16.9 billion. Analysts had projected just $1.07 per share on $15.82 billion in sales, per LSEG data. The company also announced 4,000 job cuts alongside the results.

Ticket reseller StubHub popped 18% after first-quarter revenue reached $446 million, clearing the $432 million analyst consensus. Adjusted EBITDA of $72.1 million also beat the $65.1 million expected, per LSEG.

Yeti Holdings jumped 6% on a first-quarter earnings beat. The cooler brand reported adjusted earnings of 26 cents per share against an 18-cent consensus, with revenue of $380.4 million topping the $374.7 million estimate.

Ford Motor Extends Its Remarkable Rally

Ford Motor shares added another 7% Thursday, building on a stunning 13% advance the day prior. Morgan Stanley analyst Andrew Percoco flagged Ford’s energy storage division and its ties to battery maker CATL as underappreciated catalysts. Separately, Barclays estimated Ford Energy could generate up to $3 billion in incremental revenue and $300-500 million in EBIT.

Applied Materials edged up roughly 2% ahead of its fiscal second-quarter earnings release. Shares have already surged 73% in 2026. Analysts polled by FactSet expected earnings of $2.66 per share on $7.68 billion in revenue.

Background: A Busy Earnings Week Drives Dispersion

Thursday’s moves came amid a packed earnings calendar that has driven unusually wide single-stock swings. Starbucks rose 2% after TD Cowen lifted its rating to buy and raised its price target to $120. Honda Motor gained 5% in U.S. trading despite reporting its first annual loss in nearly 70 years, a result of $9 billion in EV restructuring charges. Full-year 2027 guidance came in ahead of expectations and Honda maintained its dividend.

Doximity and Jack in the Box Feel the Pain

Doximity shed 23% after the healthcare platform’s current-quarter and full-year revenue guidance both missed analyst forecasts. Fourth-quarter adjusted earnings of 26 cents per share also fell below the 28-cent consensus.

Jack in the Box lost 12% after missing both earnings and revenue estimates for its second quarter. Adjusted EPS of 65 cents came in below the 74-cent FactSet consensus. Biogen fell 5% after an experimental Alzheimer’s drug failed its phase 2 primary endpoint, though the company said it would advance the treatment to a phase 3 trial based on observed cognitive benefits.

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