Stocks making the biggest moves premarket: DELL, HPQ, ASTS
Check out the companies making the biggest moves premarket: Dell Technologies — The laptop maker surged almost 37% after raising its full-year guidance . Dell sees $17.90 in adjusted earnings per share, with between $165 billion and $169 billion in revenue. Analysts polled by LSEG sought $13.09 per share on $142.5 billion in revenue. Computer stocks — Shares of other companies involved in computer hardware and services rose, boosted by Dell’s earnings. Hewlett Packard Enterprise was up more than 17%. Super Micro Computer rose nearly 10%, while HP was up almost 7%. American Eagle Outfitters — Shares of the teen apparel retailer dropped about 11%. Comparable sales at the company’s American Eagle banner fell 2% in the first quarter, while analysts polled by StreetAccount were looking for 3.1% growth. Guidance for the second quarter also disappointed, as the company called for operating income of $45 million to $50 million, versus the FactSet consensus estimate of $65.3 million. Gap — Shares tumbled more than 15% after the clothing retailer cut its sales outlook for the year, now expecting companywide sales to grow between 1% and 2%. It had previously estimated a range of between 2% and 3%. Gap’s first-quarter revenue of $3.50 billion also fell short of the $3.52 billion analysts had expected, per LSEG. However, its adjusted earnings of 38 cents per share beat the anticipated 37 cents. Space stocks — A Blue Origin rocket exploding on a launchpad during a ground test Thursday night in Florida is sending shares of space companies lower. AST SpaceMobile , which has a partnership with Blue Origin , tumbled almost 15%. EchoStar was off 4.5%, while Rocket Lab tumbled 5.5%. Okta — Shares added almost 8% after the identity management company shared current-quarter revenue guidance, alongside full-year revenue guidance, that exceeded what analysts polled by FactSet were expecting. Okta also reported first-quarter non-GAAP earnings, revenue and operating income that beat consensus estimates. NetApp — The data infrastructure stock popped 16.5% after NetApp shared first-quarter and full-year guidance that beat what analysts polled by FactSet were expecting. The company also posted a fiscal fourth-quarter adjusted earnings and revenue beat. Autodesk — Shares slipped 7% after ex-subscription revenue for the maker of design and engineering software came in at $98 million for its first quarter, falling short of the $100.4 million StreetAccount consensus estimate. However, Autodesk reported a beat on both the top and bottom lines for its first quarter, and sees earnings and revenue for its current quarter exceeding FactSet’s forecasts. Snowflake — The software company was up 1.5% in premarket trading Friday after surging 36% on Thursday after its earnings report led to the stock’s best day ever . HSBC also upgraded the stock to buy , arguing demand for its artificial intelligence tools will only grow. Asana — The enterprise work management software platform saw shares rise 2%. Asana said it sees full-year revenue in a range of $856 million to $864 million, besting analysts’ call for $854 million, per LSEG. The outlook for current-quarter revenue of $213 million to $215 million also surpassed the Street’s estimate of $212 million. MongoDB — Shares gained 3.5% after the software company raised its full-year adjusted earnings, revenue and adjusted operating income guidance. The company also sees these metrics coming in above what analysts surveyed by FactSet had anticipated. Meanwhile, MongoDB also posted a first-quarter beat for all three metrics. PagerDuty — The cloud computing stock advanced 12.5% after raising its full-year earnings guidance. It now sees adjusted earnings coming in between $1.27 to $1.32 per share, higher than its previous guidance of between $1.23 and $1.28 per share and above FactSet’s $1.26 per share estimate. PagerDuty also reported a first-quarter adjusted earnings, revenue and adjusted operating income beat. Elastic — Shares tumbled more than 6% after the software company guided for adjusted earnings in its current quarter of between 57 cents and 59 cents per share, missing the 63 cents analysts were expecting, per FactSet. However, the company’s fiscal fourth-quarter adjusted earnings and revenue came in above expectations. SentinelOne — The cybersecurity stock plunged 16% after guiding for revenue in its current quarter of between $289 million to $291 million, below the $292 million analysts polled by LSEG had penciled in. Projections for adjusted earnings in the period also missed expectations. — CNBC’s Darla Mercado contributed reporting.
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