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HomeUncategorizedToday's Top Performers: Zscaler, MongoDB, Dell, DJT and More Make Big Moves.

Today’s Top Performers: Zscaler, MongoDB, Dell, DJT and More Make Big Moves.

Today, Stock futures moved lower in the premarket hours on Friday before the release of the core PCE price index, the Fed’s favorite inflation gauge.

Top stock gainers

Following a FQ3 earnings beat, Zscaler (NASDAQ:ZS) shares rose 16% as the cloud security provider boosted its annual sales outlook for the third consecutive quarter amid escalating cyberattacks. The business now forecasts sales between $2.14B and $2.142B, beating the consensus estimate of $2.12B and the previous guidance of $2.118B to $2.122B. Additionally, Zscaler increased its estimated billings prediction to $2.603B-$2.606B from the prior $2.55B-$2.57B. Non-GAAP net income per share is now forecast to be $2.99 to $3.01, above the consensus of $2.76 and the preceding projection of $2.73 to $2.77. For FQ4, Zscaler predicts adjusted EPS of $0.69-$0.70 vs. the consensus of $0.67, with revenue between $565M and $567M vs. the consensus of $564.98M.

Top stock losses

Despite announcing good Q1 earnings, MongoDB (NASDAQ:MDB) shares lost one fourth of their value on a gloomy forecast. The company’s Q2 sales projection of $460M=$464M fell short of the consensus of $471M and adjusted EPS of $0.46-$0.49, was far below the consensus of $0.57. FY2025 sales projection predicted to be in the range of $1.88B and $1.90B, and adjusted EPS of $2.15-$2.30 was also below the consensus of $1.94B and $2.43 respectively.


Dell Technologies (NYSE:DELL) fell 13% following mixed Q1 earnings, citing decreased profitability. The gross margin rate declined 240 bps Y/Y to 21.6% while the operating margin rate slipped 100 bps to 4.1%. The business anticipated revenue between $93.5B and $97.5B vs. the average of $94.52B and adjusted EPS of $7.40 to $7.90 vs. the consensus of $7.84.


Trump Media & Technology Group (NASDAQ:DJT) shares plummeted 9% after a New York jury convicted former President Donald Trump on all 34 charges in a criminal trial. Trump is set to be sentenced on July 11. The maximum punishment for falsifying company records is four years in jail.

Premarket

Gainers

Gap (NYSE:GPS) stock rose 23% after the apparel retailer upped its full-year sales projection in new signals that its turnaround strategy is starting to work.

Ambarella (NASDAQ:AMBA) shares jumped 20% after the semiconductor design business disclosed a smaller-than-expected loss for the first quarter of fiscal year 2025 and given an optimistic revenue projection for the second quarter.

Zscaler (NASDAQ:ZS) stock soared 15% after the cloud security provider posted good quarterly earnings and also upped its expectations.

Losers

MongoDB (NASDAQ:MDB) stock plunged 24% after the database software developer offered light guidance for the quarter and decreased its prediction for the full fiscal year.

Dell Technologies (NYSE:DELL) stock dropped 15% after the technology group released a lower-than-anticipated current-quarter earnings projection and suggested that more spending on expanding out servers to meet artificial intelligence workloads will drag on full-year margins.

Nordstrom (NYSE:JWN) stock plummeted 7.5% after the department store company posted a wider-than-expected first-quarter loss, although revenue beat projections.

Marvell (NASDAQ:MRVL) stock slumped 5.7% after the chipmaker missed expectations for first-quarter sales, hampered by sluggish client spending in its wireless carrier and business industries.

Flutter Entertainment (NYSE:FLUT) stock plummeted 3% after the gaming firm announced the departure of global finance chief Paul Edgecliffe-Johnson.

Trump Media & Technology Group (NASDAQ:DJT) stock slumped 1.6% after the media and technology company, whose main owner is Donald Trump, after a New York jury convicted the former U.S. President guilty in the high-profile hush money trial.

Costco Wholesale (NASDAQ:COST) stock declined 0.5% after the warehouse retailer decided against hiking membership fees, overshadowing fiscal third-quarter profit, revenue and same-store sales that all above projections.

Stock in Focus

Dell (DELL) fell over 16% before trading on Friday after disappointing full-year margin expectations despite in-line Q1 results. The PC maker will face “inflationary input costs, the competitive environment, and a higher mix of AI-optimized servers”. To reduce margin pressures, it will cut operating expenses.

Gap (GPS) is up 25% premarket after a strong Q1 and full-year forecast. For the fifth quarter in a row, the retailer gained market share and saw increased comparative sales across all brands.

Trump Media & Technology Group (DJT), which owns Truth Social, slumped 6.5% in premarket trade after Trump’s conviction. The stock is up 5% ahead of trade, but expect volatility as investors react to the trial judgment.

After reporting lower quarterly revenue, BRP (DOOO) slumped 9.45% premarket. Canadian powersports vehicle company blamed reduced volumes across most product lines for disappointing top-line results. Reducing network inventories and increasing sales are its priorities.

After its Hong Kong shares jumped strongly today on predictions of record May deliveries, Chinese electric-vehicle producer NIO (NIO) may gain in the U.S. July 2023 saw a sales record for the company. Continued automobile and battery discounts may boost sales. The delivery data should be revealed on June 1.

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After reporting 8% Y/Y subscription revenue growth in 4Q24, DocuSign (NASDAQ:DOCU) shares rose 10%. Electronic signature business predicts 1Q25 revenue of $704M to $708M, above analysts’ $699.1M forecast. DocuSign expects sales of $2.91B to $2.92B this year, with consensus of $2.91B. Customer adoption of Contract Lifecycle Management and eSignature in StateRAMP-authorized environments was also emphasized by the organization.

MongoDB (NASDAQ:MDB) shares fell 8% after exceeding Q4 profit and sales forecasts owing to its dovish FY2025 outlook. MongoDB expects revenues of $436M to $440M in Q1, below the average expectation of $449.08M. Below the estimate of $0.61, non-GAAP EPS is expected to be $0.34–$0.39. The business estimates FY2024 sales between $1.9B and $1.93B, below the average of $2.03B. Unlike the consensus of $3.22, non-GAAP EPS is expected to be $2.27 to $2.49.

Marvell Technology (NASDAQ:MRVL) shares fell over 7% after solid Q4 earnings due to a dismal Q1 guidance. The business predicts Q1 sales of $1.15B, plus or less 5%, behind analysts’ $1.36B. Marvell predicts adjusted gross margins of 62% to 63% and adjusted earnings of $0.18 to $0.28 per share, significantly below the average forecast of $0.40. Marvell announced $3B in stock buybacks.

Despite a 5.7% Y/Y rise, Costco Wholesale’s NASDAQ:COST shares plummeted roughly 4% as its FQ2 earnings reports fell short of the top-line estimate. Comparable sales increased by 5.6% during the quarter, above the 5.1% estimate.

MongoDB (NASDAQ:MDB) shares fell 8% after exceeding Q4 profit and sales forecasts owing to its dovish FY2025 outlook. MongoDB expects revenues of $436M to $440M in Q1, below the average expectation of $449.08M. Below the estimate of $0.61, non-GAAP EPS is expected to be $0.34–$0.39. The business estimates FY2024 sales between $1.9B and $1.93B, below the average of $2.03B. Unlike the consensus of $3.22, non-GAAP EPS is expected to be $2.27 to $2.49.

Marvell Technology (NASDAQ:MRVL) shares fell over 7% after solid Q4 earnings due to a dismal Q1 guidance. The business predicts Q1 sales of $1.15B, plus or less 5%, behind analysts’ $1.36B. Marvell predicts adjusted gross margins of 62% to 63% and adjusted earnings of $0.18 to $0.28 per share, significantly below the average forecast of $0.40. Marvell announced $3B in stock buybacks.

Despite a 5.7% Y/Y rise, Costco Wholesale’s NASDAQ:COST shares plummeted roughly 4% as its FQ2 earnings reports fell short of the top-line estimate. Comparable sales increased by 5.6% during the quarter, above the 5.1% estimate.

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