Palo Alto Networks is slumping after-hours after its recent results and outlook failed to wow traders.
For the current quarter, the cybersecurity company said it would book adjusted earnings per share of $0.76 to $0.77, while analysts were looking for $0.80.
That tepid view came along with a modest miss for earnings ($0.81 actual, $0.84 expected) and slight revenue beat for the three months ending January 31.
HP Enterprise and Super Micro Computer shares are surging in pre-market trading, getting a big boost from rival Dell's strong Q1 results.
Dell’s $16.1 billion in AI-optimized server sales for the quarter alone proved that enterprise data center demand is accelerating faster than Wall Street anticipated. The company posted revenue of $43.8 billion, exceeding Wall Street estimates of $35.5 billion. Management now sees full-year sales of about $167 billion, well above the $142 billion anticipated by analysts.
The read-through is particularly relevant for Super Micro, one of the largest suppliers of Nvidia-powered AI server systems, and HPE, which has been expanding its AI infrastructure and liquid-cooling offerings through its partnership with Nvidia.
The moves suggest investors view AI infrastructure as a broad spending cycle that benefits server makers across the entire ecosystem.
Shares of AST SpaceMobile plunged as much as 15% before the bell on Friday after a Blue Origin rocket exploded yesterday evening on the launchpad.
The New Glenn rocket blew up in what the Bezos-backed company described on X as “an anomaly” during a hotfire test at the launchpad, only days before it’s due to launch satellites for Amazon’s Project Kuiper next week. CEO Jeff Bezos added via X that “It’s too early to know the root cause but we’re already working to find it.” Videos of the explosion circulating on social media show an enormous fireball.
Although AST SpaceMobile’s satellites are not directly affected by the latest explosion, the company partnered with Blue Origin in November 2024 to use its New Glenn rocket to deliver its next-generation Block 2 Bluebird satellites to low Earth orbit. Citing multiple unidentified employees, the Financial Times reported that an initial assessment of the site showed severe damage to Blue Origin’s equipment, including its only launchpad.
The explosion is a stumbling block for AST’s goals to place at least 45 satellites in orbit by the end of the year. The journey to reach that goal already hit a pretty major speed bump in April, after Blue Origin reported that its New Glenn vehicle put AST SpaceMobile’s BlueBird 7 satellite at an altitude too low to maintain operations.
At first, it looked like another case of a software company selling off despite reporting strong results, with traders (or algorithms) sending MongoDB 21% lower in postmarket trading. That drubbing came even as the distributed database platform company beat Wall Street estimates on the top and bottom lines and lifted its full-year fiscal 2027 guidance.
What a difference seven minutes make. Those losses vanished, and then the stock proceeded to trade more than 20% higher.
Here are the Q1 numbers:
Revenue of $687.6 million (compared to analyst estimates of $664.5 million).
Adjusted earnings per share of $1.32 (estimate: $1.19).
Management hiked its full-year adjusted EPS guidance to a range of $5.95 to $6.14, up from a previous view of $5.75 to $5.93 and north of the $5.88 that analysts are anticipating. The annual sales outlook was also lifted to a range of $2.92 billion to $2.96 billion, up $600 million from its prior guidance and above the $2.9 billion consensus estimate.
The Q2 outlook provided by the company also bettered what the Street had penciled in for the top and bottom lines.
So for those keeping score at home, that’s a $5.6 billion drop in market cap as a knee-jerk reaction, followed by a $12.6 billion surge in value off the lows. Price discovery; it’s truly a beautiful thing.
Shares are still down year to date even after today’s volatility, but hey, the way things have been going, just give it a few minutes.
Wall Street is giving it less than five big booms.
Costco’s shares were effectively flat in after-hours trading Thursday immediately following the company’s fiscal third-quarter earnings report. The retailer managed to outperform Wall Street estimates on earnings per share and membership fees, but missed on revenue overall as budget-conscious consumers looking for bulk discounts spent less than analysts had expected.
Here are the numbers:
Revenue of $69.2 billion (estimate: $69.6 billion).
Adjusted earnings per share of $4.93 (estimate: $4.91).
Membership fees of $1.37 billion (estimate: $1.35 billion).
At least some of the company’s revenue in Q3 was likely boosted by rising gas prices — especially because drivers often flock to Costco’s pumps looking for relatively cheaper fuel when prices elsewhere spike.
Other retailers had rosier earnings today. Kohl’s, Best Buy, and Dollar Tree all put up double-digit gains on Thursday and surpassed estimates, surprising some investors who expected to see shoppers pulling back given weakened consumer confidence.
Costco’s stock is up 17% since the beginning of the year. One buyer is President Donald Trump, who bought millions in Costco in the first calendar quarter of the year.
Dell is holding onto its eye-watering gains, up nearly 40% in the early trading action on Friday, after delivering blockbuster quarterly results and significantly raising its full-year guidance yesterday afternoon.
For its fiscal 2027 Q1, the PC and server company reported:
Net revenue of $43.8 billion (compared to analyst estimates of $35.5 billion and guidance for $35.2 billion, plus or minus $500 million).
Adjusted earnings per share of $4.86 (estimate: $2.99, guidance for $2.90).
Management now sees full-year sales of about $167 billion (plus or minus $2 billion), up significantly from its prior $140 billion outlook. That’s well above the $142 billion anticipated by analysts.
The bottom-line boost is even bigger, with the midpoint of its adjusted EPS guidance at $17.90, up from $12.90 previously (estimate: $13.14 billion).
Dell’s undergone a major transformation under the hood thanks to the AI boom. AI server sales, the biggest unit within its Infrastructure Solutions Group, didn’t exist until late 2023. That segment now contributes more to Dell’s top line than the entire Client Solutions Group, its mature PC-focused business. The company expects to book roughly $60 billion in AI server sales this year, up from prior guidance of about $50 billion.
The company got a big win ahead of this earnings report, receiving a $9.7 billion contract from the Pentagon to manage Microsoft software licenses across different swaths of the military.
Dell's rosy outlook for its AI-powering servers has given a leg up to HP Enterprise, which is also up 18% this morning.
