Finance

Stocks making the biggest moves midday: Nextpower, AST SpaceMobile, Dell, NetApp & more

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Check out the companies making the biggest moves midday: Energy stocks — The group fell for a fourth straight day after President Donald Trump said he was close to making ” a final determination ” on a deal to end the U.S.-Iran war. OneOK led the S & P 500 energy sector lower, losing more than 3%. Chevron and Exxon Mobil were down 0.8% each. Occidental Petroleum shed more than 1%. Nextpower — The solar utility stock jumped 13% after the company announced it acquired battery storage company Prevalon Energy for about $365 million. Nextpower also raised its full-year revenue guidance. Dell Technologies — The laptop maker surged 29% 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. Friday’s gain puts the stock on pace for its second-best day ever. 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 14%. Super Micro Computer rose 11.8%, while HP was up 8%. American Eagle Outfitters — Shares of the teen apparel retailer dropped 13%. 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 17% 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 17%. EchoStar was off 3.2%, while Rocket Lab tumbled 6.2%. Okta — Shares added 25% 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 25% 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. If it holds, that gain would mark NetApp’s best daily performance since 2002. PagerDuty — The cloud computing stock advanced 29% after the company raised 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. SentinelOne — The cybersecurity stock shed nearly 9% 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, Davis Giangiulio and Lisa Kailai Han contributed reporting.

This article was originally published by a Cnbc.com. Read the Original article here. .

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