Lululemon stock stretches higher but SentinelOne plummets by a third, and other big movers

by user

Here are some of the biggest movers in premarket trading Friday:

Stock gainers:

MongoDB Inc. shares

roared more than 25% higher in premarket trading Friday after the database-software company blew away expectations with its earnings and forecast delivered after Thursday’s closing bell.

Shares of Lululemon Athletica Inc.

rallied nearly 15% after the retailer forecast full-year sales and profit above expectations and as strong gains in China’s reopened economy helped boost first-quarter results.

Five Below Inc. 

rose nearly 6% after the teen-and-tween-focused discount retailer raised the low end of its full-year revenue and profit forecasts.

Stock decliners:

SentinelOne Inc.

shares plummeted more than 30% after executives cut their annual forecast and announced layoffs as corporate customers use the security company’s software less and take longer to sign new deals.

PagerDuty Inc.’s stock

tanked 12% after the cloud-computing company reduced its annual revenue guidance.

Shares of ChargePoint Holdings Inc.

dropped nearly 4% after the EV charging network guided for a lower-than-expected fiscal second-quarter revenue.

Shares of Tilly’s Inc. 

sank 14.5% after the West-Coast-themed clothing and accessories retailer forecast a steeper second-quarter loss than expected, saying that rising prices continued “to have a detrimental impact on our pre-teen, teen, and young adult customer demographic.”

Shares of Guidewire Software Inc.

fell 7% after the insurance-software company missed on revenue, and offered a weak outlook.

Dell Technologies Inc.’s stock

ended Wednesday’s session higher after an early release of an earnings beat, but are nearly 3% lower in Friday’s premarket action following guidance that came up short of Wall Street’s expectations.

Broadcom Inc. shares

flipped between gains and losses in the extended session Thursday and were last down 2% in Friday’s premarket after the chip and software company said generative AI will likely make up more than 25% of chip sales by 2024 , and analysts questioned the estimate.

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