Check out the companies making headlines in pre-market trading. Dell Technologies — Shares of the PC and technology company fell more than 16% after executives warned of further pressure on margins going forward. The company’s first-quarter revenue and profit exceeded expectations, but its gross margin is expected to fall by about 150 basis points in 2025. The company’s shares soared 11% after the stock scored. Analyst Jason Bazinet said the company’s decision to spin off its Starz unit could help Lionsgate further expand profit margins. Zscaler – Zscaler’s cloud security stock rose more than 16% after its fiscal third-quarter profit and revenue beat analysts’ expectations. The company had adjusted earnings of 88 cents per share on revenue of $553 million, according to LSEG, while analysts had expected earnings of 66 cents per share on revenue of $536 million. Nordstrom — The department store reported a wider-than-expected first-quarter loss, sending shares down 5% before the bell. Nordstrom stuck to its full-year profit forecast and reported strong growth in its Nordstrom Rack business, outperforming major brand stores. Gap — Shares of Gap rose more than 25% after the apparel company raised its full-year operating revenue forecast after first-quarter profit beat expectations. Gap executives now expect operating income to grow by about 40%, compared with previous expectations of expansion of about 10%. Ambarella — Shares soared 18% after the chipmaker told investors it expects continued revenue growth in fiscal 2025 due to strong demand for artificial intelligence. Ambarella reported a lower-than-expected first-quarter loss and revenue in line with expectations. Ulta Beauty — Shares of Ulta Beauty rose nearly 9% after the beauty retailer’s chief executive outlined five key areas where he plans to take action to boost sales. Ulta reported fiscal first-quarter earnings on Thursday, showing same-store sales rose 1.6% annually, a sharp slowdown from a year earlier. Marvell Technologies — Shares of the semiconductor company fell about 2% after the company issued second-quarter revenue guidance, but forecast adjusted earnings per share that was a penny lower than expected. MongoDB – Shares of the technology company fell 23% after second-quarter guidance fell short of expectations. MongoDB said it expected earnings of 46 cents to 49 cents per share on revenue of $460 million to $464 million. Analysts polled by LSEG expected revenue of $470 million and earnings of 58 cents per share. SentinelOne — The cybersecurity stock fell more than 13% after reporting a weaker-than-expected full-year revenue outlook. The company now expects revenue between $808 million and $815 million, while analysts polled by LSEG forecast revenue of $817 million. VF Corp — Shares of the company behind brands like The North Face rose more than 7% after announcing that Michelle “Sun” Choe will take on the role of global brand president of Vans beginning in late July. Choe previously served as Lululemon’s chief product officer. NetApp — Shares of NetApp rose more than 2% after the data storage company beat Wall Street expectations for fourth-quarter revenue and profit and issued a strong profit forecast. NetApp expects adjusted earnings per share of $1.80 on revenue of $1.67 billion. —CNBC’s Lisa Kailai Han, Pia Singh and Jesse Pound contributed reporting
