A T-Mobile store in New York is boarded up after being looted the night before on June 2, 2020.
Dan Meagan | CNBC
Check out the companies that are trending in intraday trading.
lululemon — The athleisure apparel company is up 12% after strong first-quarter fiscal year results. The company posted a 24% year-on-year increase in sales, with significant improvements in sales and bottom line. Lululemon also raised its full-year outlook.
Cell Phone Provider Amazon — The stock price of the wireless phone service provider bloomberg news Amazon is considering offering wireless service to Prime members. Amazon later said in a statement that it had no plans to add wireless “at this time.” Shares of AT&T and Verizon each fell more than 3%, while T-Mobile lost 7.2%. Amazon rose 1.8% and Dish Network jumped 19%.
MongoDB — The data development company’s stock surged 27% after the company predicted strong first-quarter earnings and raised its full-year guidance. MongoDB also beat Wall Street expectations for the most recent quarter, posting adjusted earnings of 56 cents per share, nearly three times Refinitiv’s consensus forecast of 19 cents per share.
SentinelOne — Cybersecurity stocks fell more than 36% after SentinelOne’s lower-than-expected earnings. SentinelOne’s sales of $133.4 million fell short of FactSet’s forecast of $136.6 million. In a letter to shareholders, the company cut its full-year sales outlook, citing macroeconomic pressures as a factor in slowing sales growth.
Broadcom — Shares of the chip maker rose 2.8% in midday trading after better-than-expected quarterly results. Broadcom earned him $10.32 per share on sales of $8.73 billion. Analysts had expected revenue of $8.71 billion and earnings of $10.08 per share. Bank of America also reiterated its buy rating on the stock and raised its price target, saying its artificial intelligence unit was undervalued.
DuPont de Nemours — Chemical inventories increased 8% after DuPont reached a settlement with U.S. Water Systems to remedy PFAS-related claims in drinking water. PFAS stands for perfluoroalkyl and polyfluoroalkyl substances. Chemours and Corteva, also involved in the settlement, rose 23% and 3.5%, respectively.
Zscaler — Zscaler stock rose 7% after third-quarter earnings beat Wall Street expectations and guidance above expectations. Earnings per share came in at 48 cents, beating Refinitiv’s consensus by 6 cents.
Five Below — The value retailer’s shares surged 6% after last quarter’s mixed earnings report. Bank of America reiterated its buy rating on Five Below shares in a memo on Friday, citing the company’s “recession resilience.”
The Trade Desk — Shares of the online advertising firm soared more than 3.7% after Morgan Stanley upgraded it from equal weight to overweight. The bank said The Trade Desk was a frontrunner poised to grow in a stable sales market. A target price of $90 means an upside of 20% or more.
PagerDuty — Shares slid 17% after the IT cloud company announced disappointing second-quarter earnings guidance. PagerDuty expects revenue for the quarter to reach $105.5 million. Analysts polled by StreetAccount had expected a guidance of around $108 million.
Dell — The tech stock surged more than 3% after the company reported quarterly earnings and sales that beat Wall Street expectations. Dell posted earnings of $1.31 per share in the latest quarter, beating Refinitiv’s 86 cents estimate. Sales also exceeded the forecast of $20.27 billion at $20.92 billion.
Samsara — The cloud company surged 30% after reporting smaller-than-expected first-quarter losses and raising its full-year revenue guidance. Samsara reported he lost 2 cents per share on earnings of $204.3 million. That beats the expected loss of 5 cents a share and earnings of $191.9 million, according to FactSet.
Fibrogen — Stock gains 6.2% after Stifel’s upgrade from hold to buy. The company said it is focusing on developing two potential “first-in-class” drugs.
Ginkgo Bioworks — The biotech stock fell 6.7% after Goldman Sachs downgraded it from neutral to sell. Goldman said growth in its new programs could slow given the macro environment and cooling spending.
— CNBC’s Yoon Lee, Ha Kyung Kim, Brian Evans and Alex Haring contributed coverage.
