Stocks making the biggest moves premarket: C3.ai, Zscaler, ChargePoint and more

1 year ago 28

Charge Point EV stations

Source: Charge Point

Check retired the companies making headlines earlier the bell:

C3.ai — Shares surged 17% aft C3.ai reported third-quarter results that topped expectations. The endeavor artificial quality institution posted a narrower-than-expected nonaccomplishment of 6 cents per stock ex-items, compared with estimates for a 22 cent loss, according to Refinitiv. It besides reported gross of $66.7 million, surpassing expectations of $64.2 million.

Hewlett Packard Enterprise — The tech banal added astir 3% aft Hewlett Packard Enterprise's latest quarterly results surpassed Wall Street estimates. The institution reported adjusted net of 63 cents per stock connected gross of $7.81 billion. Analysts polled by Refinitiv were expecting net of 54 cents per stock connected gross of $7.43 billion.

ChargePoint Holdings — Shares plummeted 11% aft ChargePoint Holdings reported a quarterly gross miss. The electrical conveyance infrastructure institution posted gross of $152.8 cardinal successful the 4th quarter, little than the forecasted $164.6 million, according to statement estimates from FactSet. The institution besides issued lackluster guidance.

Zscaler — Shares of the cybersecurity institution slid 11% successful premarket trading contempt Zscaler beating estimates connected the apical and bottommost lines for the 4th quarter. The institution earned an adjusted 37 cents per share, supra the 29 cents expected by analysts, according to Refinitiv. However, respective analysts pointed to billings guidance arsenic a motion of weakness, with Stifel expert Adam Borg saying successful a enactment to clients said that the guidance was "muted."

First Solar — Shares gained 1.6% aft UBS upgraded First Solar to buy from neutral, and raised his terms target, saying taxation credits volition assistance the banal summation much than 20%.

Marvell Technology — The spot banal slid 8% aft Marvell Technology reported mixed fourth-quarter results. The semiconductor institution reported adjusted net of 46 cents per share, conscionable 1 cent shy of analysts' estimates, according to Refinitiv. It posted gross of $1.42 billion, topping the $1.40 cardinal statement estimate.

Apple — Shares roseate 1% aft Morgan Stanley reiterated an overweight standing connected Apple, saying investors should look past Apple's near-term challenges for beardown catalysts. His $180 terms people implies much than 20% upside from Thursday's close.

Procter & Gamble — The user staples institution gained much than 1% successful the premarket pursuing an upgrade to overweight from neutral by JPMorgan. The Wall Street steadfast said the user is resilient and believes Procter & Gamble volition go an net compounder successful the 2nd fractional of the year.

Broadcom — Shares climbed 1.5% aft Broadcom bushed Wall Street estimates connected the apical and bottommost lines. The semiconductor manufacturing institution reported archetypal 4th net of $10.33 per stock ex items connected revenues of $8.92 billion. Analysts polled by Refinitiv expected net per stock of $10.10 connected revenues of $8.90 billion.

Nordstrom — Shares roseate 0.6% aft Nordstrom reported an net per stock bushed successful its fourth quarter, according to statement estimates from Refinitiv. Revenue, however, missed estimates.

Costco Wholesale — Shares declined 2.6% aft Costco Wholesale reported a gross miss successful its fiscal second-quarter earnings. The wholesale retailer reported gross of $55.27 billion, little than the statement estimation of $55.54 billion, according to Refinitiv. Costco different bushed net per stock expectations.

Dell Technologies — The banal dropped much than 3% adjacent aft Dell Technologies reported fourth-quarter net of $1.80 per stock ex-items connected gross of $25.04 billion. That bushed Wall Street expectations of per-share net of $1.63 connected gross of $23.39 billion.

Victoria's Secret — Shares slid 3% aft Victoria's Secret reported mixed fourth-quarter results. The lingerie retailer posted net of $2.47 per stock ex-items connected gross of $2.02 billion. Analysts polled by Refinitiv were forecasting per-share net of $2.34 connected gross of $2.02 billion.

— CNBC's Michelle Fox and Jesse Pound contributed reporting

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