Earnings are set to hit the tape in a tight window on Thursday and the options market is already laying down a roadmap for how volatile these prints could be. For retail investors, implied moves can help frame risk — not as a prediction of direction, but as a snapshot of how much uncertainty traders are pricing into the event, according to Benzinga Pro.
This is a Benzinga-selected watch list that spans apparel and multiple software names, plus semiconductors, networking gear and space-based imaging. The marquee name on this list is Ciena, but the biggest implied move is saved for the final section as the countdown runs from the least volatile setup to the most.
8. lululemon athletica| Mkt Cap: $14B | Implied Move: 8.66%
lululemon athletica Inc. (NASDAQ:LULU) reports second quarter of 2026 results after the closing bell. Wall Street is looking for $2.51 in earnings per share on $2.57 billion in revenue, compared with $3.10 on $2.53 billion a year ago.
Benzinga Pro data show options are pricing in an 8.66% move around the report. With lululemon athletica valued at $14.1 billion, that implies about $1.22 billion of market value at stake as investors weigh demand trends and any read-through on product and inventory execution.
lululemon athletica designs and markets athletic apparel, footwear and accessories across categories like yoga and running. The stock carries a Hold consensus rating, and the stock is trading below the 180-day average analyst price forecast; in August, UBS reiterated its Neutral rating and cut its price forecast, while JP Morgan reiterated its Neutral rating and raised its price forecast.
Shares have pulled back in 2026, down 44.0% year-to-date and trading 23% below the 200-day moving average. The stock sits about 48% below the 52-week high of $225.98, setting a cautious backdrop into the print.
7. DocuSign | Mkt Cap: $12B | Implied Move: 9.94%
DocuSign, Inc. (NASDAQ:DOCU) reports second quarter of 2027 results after the closing bell. Consensus calls for 96 cents in EPS on $867.33 million in revenue, up from 92 cents on $800.64 million in the prior-year quarter.
According to Benzinga Pro, the options market is implying a 9.94% move. That’s a sizable event premium for a $12.5 billion company, translating to roughly $1.24 billion of market value at stake as traders focus on growth durability for its agreement workflow platform.
DocuSign sells cloud software that automates agreements and enables legally binding e-signatures across devices. It carries a Hold consensus rating, and the share price sits above the 180-day average analyst price forecast; in September, BTIG reiterated its Buy rating and raised its price forecast and in August, Citizens reiterated its Market Outperform rating.
The stock has been essentially flat in 2026, down 0.3% year-to-date, but it’s been trading 19.6% above the 200-day moving average since the 50-day moving average crossed above the 200-day in August. Even with that momentum, shares remain about 26% below the 52-week high of $86.65.
6. Samsara | Mkt Cap: $23B | Implied Move: 11.03%
Samsara Inc. (NYSE:IOT) reports second quarter of 2027 results after the closing bell. The Street is modeling 13 cents in EPS on $483.30 million in revenue, compared with 12 cents on $391.48 million a year earlier.
Options traders are bracing for a bigger swing here: Benzinga Pro shows an implied move of 11.03%. On a $22.6 billion market cap, that puts about $2.49 billion of market value in play as investors parse demand for connected-operations tooling and the pace of growth.
Samsara provides an end-to-end platform that consolidates data from IoT devices and connected assets so organizations can analyze and act on it. The stock carries a Buy consensus rating, and the 180-day average analyst price forecast is above where the stock trades; in August, Keybanc, TD Cowen, and Truist Securities raised their price forecasts.
Shares have rallied in 2026, up 15.2% year-to-date, and they’re trading 15.2% above the 200-day moving average since the 50-day moving average crossed above the 200-day in July. The stock is still about 18% below the 52-week high of $47.47 heading into earnings.
5. Zscaler | Mkt Cap: $29B | Implied Move: 12.43%
Zscaler, Inc. (NASDAQ:ZS) reports fourth quarter of 2026 results after the closing bell. Analysts expect 88 cents in EPS on $877.51 million in revenue, versus 89 cents on $719.23 million in the year-ago period.
Benzinga Pro data show the options market is implying a 12.43% move, putting roughly $3.57 billion of market value at stake for the $28.7 billion cybersecurity name. With the implied move pushing into double digits, traders are signaling that guidance and billings commentary could matter as much as the quarter itself.
Zscaler sells cloud-native cybersecurity software to enterprise customers. The stock carries a Buy consensus rating, and shares trade below the 180-day average analyst price forecast; in August, JP Morgan and Barclays reiterated Overweight ratings and raised their price forecasts, while Guggenheim reiterated its Buy rating.
The stock has declined in 2026, down 19.1% year-to-date, but it’s still trading 1.9% above the 200-day moving average. Shares sit about 47% below the 52-week high of $336.99 into the print.
4. Ciena | Mkt Cap: $50B | Implied Move: 12.43%
Ciena Corp. (NYSE:CIEN) reports third quarter of 2026 results before the opening bell. Consensus estimates call for $1.67 in EPS on $1.64 billion in revenue, compared with 67 cents on $1.22 billion a year ago.
Options are also pricing a 12.43% move here, according to Benzinga Pro. With Ciena carrying a $50 billion market cap, that implies about $6.22 billion of market value at stake — the largest dollar figure on this Benzinga-selected list — making the premarket report a key volatility event.
Ciena is a leader in high-speed optical connectivity, selling systems, components and automation software used by telecom providers and enterprises such as data centers. The stock carries a Buy consensus rating, and the stock is trading well below the 180-day average analyst price forecast; in August, B. Riley Securities reiterated its Neutral rating and cut its price forecast, while Needham and Rosenblatt reiterated Buy ratings.
Shares have rallied in 2026, up 46.4% year-to-date, yet they’re trading 5.4% below the 200-day moving average. The stock is about 44% below the 52-week high of $637.51 heading into the release.
3. UiPath | Mkt Cap: $9.4B | Implied Move: 12.61%
UiPath, Inc. (NYSE:PATH) reports second quarter of 2027 results after the closing bell. Wall Street is looking for 13 cents in EPS on $397.79 million in revenue, compared with 15 cents on $362.00 million in the prior-year quarter.
Benzinga Pro shows options are pricing in a 12.61% move, implying about $1.18 billion of market value at stake for UiPath. That sets up a high-expectations reaction function as investors weigh automation demand and the company’s ability to translate platform adoption into durable growth.
UiPath sells an end-to-end enterprise automation platform built on computer vision and user interface automations, with its RPA roots still central to the product. The stock carries a Hold consensus rating, and the share price sits above the 180-day average analyst price forecast; in August, UBS reiterated its Neutral rating and raised its price forecast, and RBC Capital reiterated its Sector Perform rating and raised its price forecast.
Shares have rallied in 2026, up 14.2% year-to-date, and they’re trading 39.5% above the 200-day moving average since the 50-day moving average crossed above the 200-day in August. The stock also sits about 95% above the 52-week low of $9.20 into earnings.
2. Ambarella | Mkt Cap: $3B | Implied Move: 15.19%
Ambarella, Inc. (NASDAQ:AMBA) reports second quarter of 2027 results after the closing bell. The consensus view calls for 8 cents in EPS on $107.82 million in revenue, up from 15 cents on $95.51 million a year ago.
According to Benzinga Pro, options are implying a 15.19% move — one of the widest setups in this roundup. For Ambarella’s $2.96 billion market cap, that equates to about $450 million of market value at stake, a meaningful swing potential for a smaller semiconductor name.
Ambarella develops low-power system-on-a-chip semiconductors and software for edge and physical AI applications and intelligent automation. The stock carries a Buy consensus rating, and the 180-day average analyst price forecast sits well above where the stock trades; in August, Rosenblatt reiterated its Buy rating.
The stock has pulled back in 2026, down 9.8% year-to-date, and it’s trading 2.8% below the 200-day moving average after the 50-day moving average crossed above the 200-day in June. Shares are about 30% below the 52-week high of $96.69 heading into the report.
1. Planet Labs PBC | Mkt Cap: $6.9B | Implied Move: 16.70%
Planet Labs PBC (NYSE:PL) reports second quarter of 2027 results after the closing bell. Analysts expect a 5 cent per share loss on $104.35 million in revenue, compared with a 3 cent per share loss on $73.39 million a year ago.
Benzinga Pro data show the options market is implying a 16.70% move — the widest implied move in this Benzinga-selected lineup. With Planet Labs PBC valued at $6.86 billion, that suggests about $1.15 billion of market value at stake as traders brace for a potentially sharp post-earnings repricing.
Planet Labs PBC is an Earth-imaging company that photographs the planet daily and sells data that makes change visible and actionable. The stock carries a Buy consensus rating, and shares trade well below the 180-day average analyst price forecast; in July, Goldman Sachs reiterated its Neutral rating and raised its price forecast, while Wedbush reiterated its Outperform rating.
The stock has pulled back in 2026, down 5.6% year-to-date, and it’s trading 28.3% below the 200-day moving average after the 50-day moving average crossed below the 200-day in August. Shares sit about 63% below the 52-week high of $51.76 going into earnings.
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