Check out the companies making headlines in premarket trading. Twilio — Shares dropped nearly 11% after the consumer engagement company issued lower-than-expected revenue guidance for the current quarter. Twilio also reporter total active consumers for the fourth-quarter that were below Wall Street estimates. Cisco — Shares dropped 4.4% after the tech company posted a yearly decline in revenue during the fiscal second quarter. Cisco also issued lighter-than-expected guidance for the fiscal third quarter and announced a downsizing plan that would lead to a 5% reduction in jobs . Coinbase — Shares jumped 8% after JPMorgan upgraded the cryptocurrency exchange platform to neutral from underweight, citing rising cryptocurrency prices. On Wednesday, Bitcoin regained a $1 trillion market cap as it reached a more than two-year high. On Thursday, Bitcoin was last higher by more than 1%. Tripadvisor — Shares climbed nearly 5% after the online booking company beat Wall Street estimates on the top and bottom line in the fourth-quarter. Tripadvisor reported an adjusted 38 cents per share on $390 million in revenue, while analysts polled by LSEG forecast 22 cents and $374 million, respectively. JFrog — Stock in the software development company climbed more than 19% after fourth-quarter results surpassed Wall Street estimates. JFrog reported an adjusted 19 cents per share on $97 million in revenue, against estimates from analysts polled by FactSet that called for 12 cents and revenue of $93 million. Deere — Shares dropped 4% in premarket trading after the manufacturer of agricultural machinery lowered its full-year net income guidance. In its full year ending October, Deere expects net income of $7.50 billion to $7.75 billion, lower than prior guidance it issued between $7.75 billion and $8.25 billion. In a statement, CEO John C. May said, “Moving forward, we expect fleet replenishment to moderate as agricultural fundamentals normalize from record levels in 2022 and…
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