Cisco and StubHub Lead Midday Movers as Earnings Season Delivers Big Swings

CNBC reported Thursday that midday stock movers included blowout performances from Cisco Systems and StubHub, alongside notable swings tied to earnings misses and analyst upgrades.

Cisco and StubHub Headline the Midday Movers

Cisco Systems shares jumped 14% after the networking giant’s latest quarterly results and forward guidance both cleared Wall Street’s bar. The company projected adjusted earnings of $1.16 to $1.18 per share for the current quarter, on revenue between $16.7 billion and $16.9 billion. That guidance significantly outpaced analyst expectations of $1.07 per share on $15.82 billion in revenue, per LSEG. Cisco also announced 4,000 job cuts alongside the beat.

Ticket marketplace StubHub surged 18% after reporting first-quarter revenue of $446 million and adjusted EBITDA of $72.1 million. Both figures topped LSEG consensus estimates of $432 million and $65.1 million respectively.

Ford and Applied Materials Draw Analyst Attention

Ford Motor shares added another 7%, extending a 13% gain from Wednesday. Morgan Stanley flagged the automaker’s energy storage business and its partnership with battery maker CATL as underappreciated drivers of profitability. Barclays separately estimated Ford Energy could represent up to $3 billion in incremental revenue and between $300 million and $500 million in EBIT opportunity.

Applied Materials rose roughly 2% ahead of its fiscal second-quarter report. Analysts polled by FactSet forecast earnings of $2.66 per share on revenue of $7.68 billion. The semiconductor equipment maker’s stock has already climbed 73% in 2026.

Background: A Volatile Earnings Season

The midday moves reflect a broader pattern of sharp single-session swings during the current earnings cycle. Strong beats have been rewarded aggressively, while misses have drawn equally swift punishment. That dynamic played out clearly Thursday, with Doximity plunging 23% after the digital health platform issued guidance well below analyst expectations. Jack in the Box dropped 12% after missing both earnings and revenue estimates for its second quarter.

Also Read: Cisco Systems Q3 2026 Earnings

Other Movers Worth Watching

Biogen fell 5% after disclosing that its experimental Alzheimer’s drug, diranersen, failed to meet its Phase 2 primary endpoint. The company said it will nonetheless advance the drug to Phase 3, citing observed cognitive benefits. Yeti Holdings gained 6% on a first-quarter earnings beat, with adjusted EPS of 26 cents against an 18-cent consensus. Honda Motor saw U.S.-listed shares rise 5% despite posting its first annual loss in nearly 70 years, weighed down by $9 billion in EV restructuring costs. Full-year 2027 guidance came in ahead of forecasts and the dividend was maintained. Nvidia added 4% after Reuters reported the U.S. government cleared sales of the H200 AI chip to roughly 10 Chinese companies, though no deliveries have yet been made.

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