Check out the companies making headlines before the bell: Moderna – Shares are down 5.7% Friday morning after falling 25% on Thursday followinga leak of partial data on its closely watched cancer vaccine developed with Merck . Both stocks faltered even though the full data which was released Thursday appeared meaningful for patients and positive relative to Wall Street expectations. Deckers – Shares of the shoemaker are down 6.7% after it reported fiscal second quarter earnings late Thursday that missed analyst expectations. Revenue for the quarter ended Sept. 30 was $1.43 billion compared to the $1.51 Wall Street was expecting. Revenue from top brands including HOKA and UGG missing FactSet expectations. Telecom stocks – Shares of AT & T dropped 4.2%, T-Mobile fell 4.3% while Verizon decreased 3.6% on a Bloomberg News report that SpaceX is in private talks to lease 80,000 cell towers. SpaceX is attempting to build the fourth nationwide wireless carrier by combining its Starlink direct-to-device network with ground infrastructure, Bloomberg reported, citing people familiar with discussions. Cell tower owners Crown Castle jumped 7.6% and American Tower popped 5.5%. Crown Castle is one of the companies involved in the talks, Bloomberg said. SpaceX — Shares of the Elon Musk space and AI company were also getting a boost from an upgrade on Wall Street. PhillipCapital double upgraded the shares to buy from sell, raising its price target all the way to $250 from $75, citing surprising gains for its AI business. The new price target represents a 70% gain from here. Bloom Energy – shares are down 2.5% after the energy technology solutions provider for data centers reported third quarter earnings late Thursday. Despite beating on the top and bottom line and raising its full-year 2026 earnings per share guidance, what stirred fear among investors was the reported negative free cash flow for the quarter.
