Dell Technologies saw its stock slide over 16% in premarket trading after executives warned of potential further margin pressure ahead. While the company posted a first-quarter earnings beat, they forecast a pullback in gross margin by about 150 basis points in 2025. This news contributed to the decline in stock value.
In contrast, Lionsgate Studios experienced a surge of 11% in premarket trading after Citi initiated coverage of the film studio company with a buy rating. Analysts believe that the decision to spin off its Starz segment could lead to expanded margins in the future, which led to the positive outlook on the company’s stock.
Cloud security stock Zscaler saw a significant increase of more than 16% in premarket trading following their fiscal third-quarter earnings and revenue beat. The company’s adjusted earnings of 88 cents per share on revenue of $553 million exceeded analyst expectations, resulting in a positive response from investors.
Nordstrom, on the other hand, experienced a 5% slump in their department store stock before the opening bell after reporting a wider-than-expected first-quarter loss. Despite this setback, Nordstrom maintained its full-year earnings forecast and reported strong growth in its Nordstrom Rack segment, indicating potential for recovery.
Shares of apparel company Gap climbed more than 25% in premarket trading after lifting its full-year operating income forecast following a first-quarter earnings beat. Executives now anticipate a roughly 40% growth in operating income, a significant increase from the previous estimate, which boosted investor confidence in the company.
Chipmaker Ambarella saw its stock soar by 18% after predicting continued revenue growth into fiscal year 2025 due to heightened demand for artificial intelligence. The company’s smaller-than-expected first-quarter loss and in-line revenue further contributed to the positive reception from shareholders and analysts.
Beauty retailer Ulta Beauty witnessed a nearly 9% increase in its shares after its CEO outlined strategic plans to improve sales in five key areas. The company’s fiscal first-quarter earnings reflected a slight year-over-year increase in same-store sales, signaling efforts to drive growth amid competitive market conditions.
Semiconductor stock Marvell Technologies experienced a slight pullback of approximately 2% after issuing in-line second-quarter revenue guidance. However, the forecast for adjusted earnings per share fell short of estimates by one penny, leading to a minor dip in stock value.
Technology company MongoDB saw a significant drop of 23% in its shares after second-quarter guidance fell below expectations. The company’s projected earnings and revenue figures were lower than what analysts had anticipated, resulting in a negative reaction from the market.
Cybersecurity stock SentinelOne faced a decline of over 13% after reporting a softer-than-expected full-year revenue outlook. The company’s revenue estimate was below what analysts had forecasted, leading to a decrease in stock value as investor confidence wavered.
VF Corp, the company behind brands like North Face, witnessed an increase of more than 7% in its shares after announcing Michelle “Sun” Choe as the new global brand president of Vans. Choe’s previous experience as Lululemon’s chief product officer added to the positive sentiment surrounding the company.
Data storage company NetApp saw its stock rise over 2% after beating Wall Street’s fourth-quarter estimates and issuing a strong earning forecast. The company’s projected adjusted earnings per share and revenue exceeded expectations, leading to a favorable response from investors.
Premarket trading can be volatile, with stocks experiencing both significant gains and losses based on company performance and market expectations. Investors should carefully assess the factors influencing stock movements to make informed decisions when trading in premarket hours.