Several companies made headlines in midday trading. Dell Technologies saw its stock plunge 18% after executives warned of potential pressure on gross margins in 2025. Lionsgate Studios saw a 3% increase in shares after Citi initiated coverage with a buy rating, citing the spin-off of its Starz business. Zscaler’s shares jumped 9% after posting strong fiscal third-quarter earnings and revenue, surpassing analysts’ expectations. Nordstrom’s shares jumped 5% after reporting solid quarterly sales growth and sticking to its full-year forecast, with Nordstrom Rack outperforming the flagship brand. Gap’s stock soared 29% after exceeding first-quarter earnings and revenue expectations. Ambarella’s shares also surged 21% after the chipmaker forecasted revenue growth in fiscal 2025, driven by strong AI demand.
Marvell Technologies, on the other hand, saw its stock drop 10% after missing first-quarter earnings expectations. MongoDB’s shares plummeted 24% after trimming its second-quarter guidance and full fiscal year forecast, despite beating earnings and revenue expectations for the April quarter. SentinelOne’s stock dipped 13% after issuing a revenue outlook lower than analysts’ forecast. VF Corporation surged 8% after naming Sun Choe as the global brand president of Vans. Cooper Companies added 5% after posting a fiscal second-quarter adjusted earnings beat, despite falling short of revenue expectations. Paycom Software fell 9% after announcing an executive shake-up, while First Solar saw shares slip 2% following a downgrade by Mizuho.
In summary, Dell Technologies, Lionsgate Studios, Zscaler, Nordstrom, Gap, and Ambarella saw positive movement in their shares in midday trading. However, Marvell Technologies, MongoDB, SentinelOne, VF Corporation, Cooper Companies, Paycom Software, and First Solar experienced negative impacts on their stock prices. Investors will be closely monitoring these companies to see how they perform in the near future.
