6 stocks to watch on Thursday: Cisco, Shopify, Roku and more
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U.S. stock futures pointed to a lower open on Thursday, a move that would trim gains posted during the previous session. Overall, Wall Street has lacked a clear direction in recent days as investors continue to worry about the future of Federal Reserve policy. Here are some stocks to watch on Thursday:

Cisco Systems (NASDAQ:CSCO) rallied more than 3% before the opening bell, carried higher by a better-than-expected earnings figure. Revenue also beat projections, climbing 7% to $13.6B. Looking ahead, the networking equipment maker predicted 2023 revenue growth between 9% and 10.5%.
Shopify (SHOP) lost ground in premarket trading following the release of its quarterly update, with the stock dropping by almost 10%. The e-commerce platform exceeded expectations with its Q4 non-GAAP EPS and revenue figures, with a top-line total that rose 25% to $1.73B. However, shares fell after the company projected slowing growth for Q1, with the firm targeting revenue expansion in the high-teen percentages.
The release of earnings news prompted premarket buying in Roku (ROKU). Shares of the streaming TV company surged 12% after the company surpassed projections with its Q4 results. The firm also gave an upbeat forecast, targeting revenue of $700M in Q1, compared to a consensus estimate of $688M.
Crocs (CROX) advanced 8% in premarket action following the release of its Q4 results. The footwear maker reported a quarterly profit of $2.65 per share, breezing by expectations by $0.42 per share. Revenue jumped 61% to $945M.

Disappointing quarterly results sent Paramount Global (PARA) lower in premarket trading, with shares of the entertainment giant tumbling 6%. The firm missed projections on both its top and bottom lines, with revenue that climbed less than 2% from last year to reach $8.1B.
Applied Materials (AMAT) is scheduled to release quarterly results after the closing bell. Analysts expect the semiconductor equipment company to earn $1.92 per share. Revenue is projected to rise about 6% from last year to reach $6.7B.


In the wake of hotter-than-expected CPI data from earlier this week, see why Seeking Alpha contributor Mott Capital Management says the Federal Reserve could raise its key interest rate to 6%.