US PRE-MARKET MOVERS: CSCO, CBRS, STUB, ARX, F

ES +0.2% NQ +0.1% RTY +0.2%

• CSCO -6%: Q numbers beat & issued stronger than exp. guidance; analysts note stock had already rallied sharply into earnings on optimism around its growing role in AI infrastructure
• CBRS -17.5%: Q rev. missed & GMs declined, raising concerns about scaling & customer adoption
• STUB -17%: Q2 profit miss & GMs missed
• ARX +45%: To be taken private by Thoma Bravo for $20.25/shr; closed Wed. at 13.61
• F +0.2%: To move prod. of some Lincoln models from China to US