Today's Pre-Market Stock Movers: AI, DELL, COST, ZS and More
Gapping up
$C3.ai (AI.US)$ +19.2% (The artificial intelligence software company, posted better-than-expected fiscal third-quarter results.)
$Hewlett Packard Enterprise (HPE.US)$ +2.8% (The company posted better-than-expected fiscal first-quarter earnings and sales and raised its fiscal-year guidance.)
$First Solar (FSLR.US)$ +1.6% (UBS upgraded First Solar to buy from neutral, and raised his price target, saying tax credits will help the stock gain more than 20%.)
$Broadcom (AVGO.US)$ +1.37% (The company reported fiscal first-quarter earnings that topped analysts' estimates and the semiconductor and software company issued a revenue forecast for the second quarter that also was higher than Wall Street consensus.)
Gapping down
$Zscaler (ZS.US)$ -11.8% (The cybersecurity company, raised its revenue forecast for the fiscal year and announced it was it cutting its global workforce by 3%, or about 150 positions. The company said it expects billings to slow sequentially in the current fiscal third quarter. Zscaler reported billing of $493.8 million in the fiscal second quarter, compared with Wall Street's expectations of $491 million.)
$Marvell Technology (MRVL.US)$ -9.7% (Its fiscal first-quarter adjusted earnings and revenue forecast missed analysts' estimates. The chip company said "inventory corrections and resulting changes in product mix" impacted its guidance.)
$Dell Technologies (DELL.US)$ -4.2% (Its fiscal fourth-quarter adjusted profit and revenue beat analysts' estimates but guidance came up short. Dell also announced Chief Financial Officer Tom Sweet will be retiring after 26 years at the computer maker.)
$Costco (COST.US)$ -2.6% (The company reported fiscal second-quarter earnings that beat expectations. Revenue was lower than projected.)
$ChargePoint (CHPT.US)$ -11.7% (It reported a fourth-quarter loss that was wider than analysts expected and sales that missed estimates.)
$Victoria's Secret (VSCO.US)$ -4.4% (The lingerie-maker said it expects sales in the fiscal first quarter to fall more than analysts' had anticipated, and adjusted earnings that will come up shy of Wall Street forecasts.
Source: Dow Jones, CNBC
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