The top pre-market NASDAQ Stock Market gainers are: Cisco Systems, Primo Water, AMC Networks, News Corp., and Sequenom. The top pre-market NASDAQ Stock Market losers are: Elbit Imaging, Open Text, SodaStream International, American Superconductor, and Lululemon Athletica.

Gainers

Cisco Systems, Inc. (CSCO) stock jumped 12.96 percent to $15.51 in the pre-market trading. Profit for the fourth quarter was $1.23 billion or $0.22 per share, down from $1.94 billion or $0.33 per share last year. Adjusted earnings were $2.2 million or $0.40 per share, down from $2.51 million or $0.43 per share last year. Sales rose to $11.2 billion from $10.84 billion. Analysts had expected profit of $0.38 per share on revenue of $10.98 billion.

Primo Water Corp. (PRMW) stock grew 7.41 percent to $5.80 in the pre-market trading.

AMC Networks Inc. (AMCX) stock gained 5.68 percent to $32 in the pre-market trading. Profit for the second quarter was $27.2 million or $0.39 per share, up from $22.1 million or $0.32 per share last year. Revenue rose to $291.96 million from $260.01 million. Analysts had expected profit of $0.41 per share on revenue of $282.63 million.

News Corp. (NWSA) stock increased 4.30 percent to $14.30 in the pre-market trading. Profit for the fourth quarter was $683 million or $0.26 per share, down from $875 million or $0.33 per share last year. Earnings from continuing operations were $982 million or $0.35 per share, up from $902 million or $0.33 per share last year. Revenue rose to $8.96 billion from $8.11 billion. Analysts had expected profit of $0.30 per share on revenue of $8.46 billion.

Sequenom Inc. (SQNM) stock rose 3.92 percent to $5.30 in the pre-market trading. The company said it has partnered with LifeCodexx AG, a company focused on the development of clinically validated Next Generation Molecular Diagnostics, for the commercialization of prenatal laboratory testing services in Europe. The companies have agreed to collaborate in the development and launch of a trisomy 21 laboratory developed test and other aneuploidies testing in Germany, Austria, Switzerland, and Liechtenstein, with the potential for additional launches in other countries.

The completion of the agreement with LifeCodexx initiates Sequenom's first European commercial partnership in the field of non-invasive prenatal diagnostics. Under this initial five year licensing agreement, Sequenom has granted LifeCodexx licenses to key patent rights, including European Patent EP0994963B1 and pending application EP2183693A1, that enable the development and commercialization of a non-invasive aneuploidy test utilizing circulating cell free fetal DNA in maternal plasma. Per the agreement, LifeCodexx will make certain upfront and minimum annual royalty payments to Sequenom as well as royalties based on sales of testing services.

Losers

Elbit Imaging Ltd. (EMITF) stock plunged 18.92 percent to $3 in the pre-market trading.

Open Text Corp. (OTEX) stock fell 13.85 percent to $49.51 in the pre-market trading. Profit for the fourth quarter was $28.6 million or $0.49 per share, down from $53.2 million or $0.92 per share last year. Adjusted earnings were $61.5 million or $1.05 per share, up from $54.9 million or $0.95 per share last year. Revenue grew 19 percent to $285.5 million. Analysts had expected profit of $1.13 per share on revenue of $279.25 million.

SodaStream International Ltd. (SODA) stock fell 9.46 percent to $62.30 in the pre-market trading. Profit for the second quarter was 5.1 million euros or 0.24 euros per share ($0.35 per share), up from 2.1 million euros or 0.17 euros per share last year. Adjusted profit was 6.1 million euros or 0.29 euros per share ($0.42 per share), up from 2.3 million euros or 0.18 euros per share last year. Revenue grew 38 percent to 53.3 million euros or $77.4 million. Analysts had expected profit of $0.22 per share on revenue of $50.09 million. Looking ahead into full year 2011, the company still expects revenue to grow by about 30 percent and earnings to increase by around 60 percent. Adjusted earnings is currently expected to be about 20 million euros, up from the previous expectation of 19 million euros.

American Superconductor Corp. (AMSC) stock tumbled 8.18 percent to $5.50 in the pre-market trading. The company said it lowered its global workforce by around 30 percent and its annualized expenses by about $30 million since March 31, 2011. It said these reductions were made to better align costs with its revenue expectations, which have been affected by business and contractual issues with the company's largest customer, Sinovel Wind Group Co., Ltd.

American Superconductor expects to report a significant net loss on revenues of less than $10 million for the fiscal quarter ended June 30, 2011. Also, the company said it is eliminating 150 positions across the organization. Upon completion of the action, the company expects to employ nearly 600 people worldwide. It expects to incur restructuring charges of $3 million to $4 million for severance and related expenses in the quarter ended September 30, 2011. In addition, the company said that, by August 16, it plans to submit to the Nasdaq Stock Market a plan to regain compliance with Nasdaq Stock Market listing rules.

Lululemon Athletica Inc. (LULU) stock decreased 2.28 percent to $50.16 in the pre-market trading.