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Zscaler - 2 LSEG - 2 Nordstrom - 2 MongoDB - 2 Choe - 2 Jesse Pound - 2 Pia Singh - 2 Nordstrom — - 1
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☆ Stocks making the biggest moves midday: Gap, MongoDB, Dell Technologies and more
  + stars: | 2024-05-31 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +4 min
Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Zscaler — Shares added 5.2% after the cloud security company posted a fiscal third-quarter earnings and revenue beat. Gap — The clothing retailer soared 26% after posting fiscal first-quarter earnings per share of 41 cents, higher than the 14 cents analysts surveyed by LSEG had expected. The company beat earnings and revenue expectations for the April quarter, but still saw slower-than-expected consumption growth. SentinelOne expects its revenue to fall between $808 million to $815 million in 2024, which was lower than the $817 million forecast by LSEG.
Persons: Zscaler, LSEG, Nordstrom —, Nordstrom, chipmaker, Marvell, MongoDB, Sun Choe, Choe, Cooper, Paycom, Randy Peck, Christopher Thomas, Maheep, CNBC's Hakyung Kim, Yun Li, Jesse Pound, Pia Singh Organizations: Dell Technologies, Lionsgate, Citi, Starz, Nordstrom, Marvell Technologies, Vans, Cooper Companies, Mizuho Locations: Seattle
☆ Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more
  + stars: | 2024-05-31 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
Dell Technologies — Stock in the personal computer and technology company slid more than 16% after executives warned about further margin pressure ahead. Nordstrom stuck by its full-year earnings forecast and reported strong growth in its Nordstrom Rack segment, which outperformed the headline brand stores. Gap — Shares climbed more than 25% after the apparel company lifted its full-year operating income forecast on the heels of a first-quarter earnings beat. Ulta on Thursday posted fiscal first-quarter earnings that reflected a 1.6% year-over-year increase in same-store sales, a significant slowdown from the same period a year earlier. MongoDB said it expected to earn 46 cents to 49 cents per share on $460 million to $464 million of revenue.
Persons: Jason Bazinet, Zscaler, Nordstrom, Ambarella, MongoDB, LSEG, Michelle, Sun, Choe, Wall, Lisa Kailai Han, Pia Singh, Jesse Pound Organizations: Dell Technologies, Lionsgate, Citi, Marvell Technologies, LSEG, Vans
☆ Marvell Technology posts fall in second-quarter revenue on enterprise weakness
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: +1 min
Aug 24 (Reuters) - Chipmaker Marvell Technologies (MRVL.O) posted a fall in second-quarter revenue, as weak enterprise market along with economic uncertainty weighed on demand for its chips and networking hardware. Shares of the California-based company fell 5% in after-market tradingCompanies are holding off on upgrades to their technology infrastructure as an uncertain economic outlook clouds future prospects. Marvell forecast per share earnings of 40 cents, plus or minus 5 cents for the third quarter, which was in line with expectations, according to Refinitiv data. Its revenue fell 12% from a year earlier to $1.34 billion. On an adjusted basis, the company earned 33 cents compared with estimates of a profit of 32 cents.
Persons: Zaheer Kachwala, Krishna Chandra Organizations: Chipmaker Marvell Technologies, Marvell, Thomson Locations: California, China, Bengaluru
☆ These are the 10 best performing AI stocks so far this year
  + stars: | 2023-05-30 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
The rise of ChatGPT has sparked a frenzy for artificial intelligence stocks in 2023. A "jaw-dropping" earnings report from Nvidia was the latest catalyst to send AI stocks soaring. These are the 10 top-performing artificial intelligence stocks so far in 2023. These are the 10 best-performing artificial intelligence-related stocks so far this year, as of Tuesday afternoon. C3.aiSOPA Images / Getty ImagesTicker: AIMarket Value: $3.2 billionYear-to-date gain: 260.8%
Persons: ChatGPT, —, Alphabet's Bard, It's, Microsoft Satya Nadella, Sean Gallup, Sundar, Synopsys Smith, Lisa Su Steve Marcus, Nvidia Jensen Huang, Las Vegas Rick Wilking Organizations: Nvidia, Service, Companies, Cadence Design Systems, Taiwan Semiconductor, World Semiconductor, Publishing, Getty, Microsoft, Google, Broadcom Reuters, Cadence, Marvell Technology, Marvell Technologies Smith, AMD, Reuters, CES Locations: China, Las Vegas
☆ Former Apple and Cisco engineers are 'sneaking' cheaper, energy-saving tech into buildings. See the pitch deck they used to raise $4 million.
  + stars: | 2023-02-27 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +3 min
Domatic's founders walked Insider through the pitch deck they used to raise seed capital. When smart home products began to take off in the early 2010's, Baldwin became obsessed with Nest cameras and security systems. "There's a parallel universe where I had gone to Nest," to help develop its products, Baldwin said. "This is sneaking the smart system into the building" through the wiring, Baldwin said. Wong and Baldwin walked Insider through the pitch deck they used to raise the round.
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