(CNBC): Pre-market movers: Lumentum and Coherent surge on strong bookings, while ServiceNow sees a dip on UBS downgrade.

Several companies experienced notable pre-market movements, with Lumentum Holdings and Coherent seeing increases in their stock prices due to strong bookings and investments from Nvidia. On the other hand, ServiceNow faced a slight decline following a downgrade from UBS. Additionally, cybersecurity stocks Palo Alto Networks and CrowdStrike rebounded after a sell-off, while Sandisk and Western Digital received positive ratings and price target increases from Mizuho. Taiwan Semiconductor Manufacturing Co. also saw a significant rise in shares after reporting record revenue in the first quarter.

VIEW ORIGINAL SOURCE