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The Stock Movers Report, your roundup of companies making moves in the stock market harnessing the power of Bloomberg Data.
Let's take a look at some of the stocks on the move today. I'm Kar at Moscow. We're joined by Bloomers, Dan Curtis and Dan. Good morning. Hey. Let's begin with Dell. It turns out this is another AI story. Tell us more.
Yeah. Shares of Dell are up thirty seven percent in the pre market as the company forecasts one hundred and sixty seven billion dollars in revenue in the current fiscal year. That's nearly a fifty percent jump, and it's driven by sixty billion dollars from sale of AI servers. Overall, that guidance is an increase of over twenty five billion dollars from the last company projection, really lifting the stock in the pre market. And these servers are designed to run
on AI workloads. The company is seeing demand outpacing supply across all of its businesses, so it's really an AI demand story here. It's lifting other shares of companies that do similar things. Hewlett Packard Enterprises up fifteen percent in the pre market. Super micro computers up nearly ten percent in the pre market, so all those forecasts were strong. Also, the company did come in with a beat on the top and bottom line for the first quarter, really powering the shares hire Today.
We've been hearing about turnaround plans a GAP, but it turns out that those plans may have been struggling just a bit in the last quarter. What do they tell us?
Yeah, so GAP shares are down sixteen percent in the pre market as the retailer lowers its outlook. As you mentioned, it's looking for a turnaround, but it's not seeing it that seeing that yet. Old Navy, which is the company's biggest brand, is the primary driver of the revision lower
and the CEO noted varied performance across the company's different brands. Overall, first quarter comparable sales missed estimates, Old Navy, Banana Republic start to show signs of movements but still fell shorts of estimates, and the company's athletic brand Athleta, saw an eleven percent drop in comparable sales. The company said in general, it didn't get right fashion and value mix, particularly for dresses. As you said, CEO has been looking for a turnaround.
The company has been using collaborations and celebrities to try and get that that not taking traction yet.
Yeah, and it turns out things really weren't much better for American Eagle, were they.
No, those shares are down eleven percent in the pre market under ticker AEO, and it's actually a similar story to GAP. Part of the company's women's fashion segment didn't align with what customers were looking for, and that was the primary driver of American Eagles sales decline. So the company saw total sales and comparable sales both declining two
percent in the first quarter. Even with that drop, the company is maintaining its full year outlook and that all that weakness is overshadowing strength that the company saw from its areas brand.
No, we also get interneys from Sentinel one. Tell us more about that one.
Yeah, this is a software company and it's giving weaker than expected revenue forecast for the current quarter. That has shares down nearly seventeen percent underticker s in the pre market. Company also announced eight percent reduction in full time employees it's been rolling out AI, noting productivity gains across the organization and while it didn't say that that was the
specific reason for the job cuts. It said it has seen productivity gains and it's also looking for organizational simplicity. The company is trying to focus on Sentinel one, its autonomous AI driven security platform, and this is something a lot of software is trying to do, is leverage AI. The Sentinel one is traditionally known for endpoint security, which is protecting computers and other devices. It's trying to use Sentinel one to span the broader platform security space, but
it's not quite convincing investors that. In the pre market today.
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