Stock Market After-Hours Report: Dell Technologies, Gap, MongoDB, Zscaler, and More
In the latest after-hours stock market movements, several companies experienced significant shifts in their stock prices. Dell Technologies saw a decline of 8% following the release of its first-quarter results, which failed to meet investor expectations. The company reported an increase in AI-optimized server orders to $2.6 billion, but its backlog only grew to $3.8 billion.
Meanwhile, MongoDB witnessed a sharp drop of 24% after issuing full-year guidance that fell well below consensus estimates. Marvell Technology slipped 1.8% despite reporting results and guidance that were in line with expectations.
On the other hand, Zscaler saw a 13% increase in its stock price after announcing strong quarterly results and raising its guidance. The cloud security company attributed its success to growing customer interest in its Zero Trust Exchange platform.
Nordstrom faced a 7% decline in its stock price after reporting lackluster operating profit in the first quarter. In contrast, Gap, Inc. experienced a 20% rise in its stock price after surpassing estimates for its first-quarter performance and increasing its full-year guidance. The retailer now anticipates a slight increase in net sales for the year, along with significantly improved operating income.
Lastly, SentinelOne, Inc. saw an 8% decrease in its stock price after lowering its full-year revenue guidance.
Overall, these after-hours movements reflect the dynamic nature of the stock market and the impact of company performance on investor sentiment. Investors will be closely monitoring these developments as they assess their investment strategies moving forward.