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NetApp (NTAP) Stock Trades Down, Here Is Why
Shares of data storage company NetApp (NASDAQ:NTAP) fell 1.3% in the afternoon session after its weak revenue forecast for the upcoming quarter overshadowed an otherwise solid earnings report.
Why Are Burlington (BURL) Shares Soaring Today
Shares of off-price retail company Burlington Stores (NYSE:BURL) jumped 5.2% in the afternoon session after the company reported strong third-quarter results and raised its full-year earnings guidance.
Why Marvell Technology (MRVL) Stock Is Up Today
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) jumped 4.9% in the afternoon session after several analysts updated their views on the company's stock. Susquehanna analyst Christopher Rolland maintained a Positive rating on Marvell and increased the price target to $100 from $80. Similarly, UBS analyst Timothy Arcuri kept a Buy rating while raising the firm's price target to $110 from $105. Not all analysts were as bullish. HSBC initiated coverage on the stock with a “Hold” rating and an $85 price target. The bank's analyst noted that while Marvell was an “important AI player,” it faced strong competition from rivals like Broadcom. Despite this, some reports highlighted that Marvell's stock continued to be priced reasonably compared to its AI peers and its financial position remained solid.
Kyndryl (KD) Stock Trades Up, Here Is Why
Shares of IT infrastructure services provider Kyndryl (NYSE:KD) jumped 1.7% in the afternoon session after Guggenheim initiated coverage on the company with a Buy rating and set a price target of $30. The new price target suggested a notable upside from the stock's previous closing price of $25.11. Analyst Jonathan Lee's bullish stance came as the company, which spun off from IBM in 2021, continued to implement its 'Triple A' program aimed at improving profitability and cash flow. The initiation of coverage with a positive rating signaled confidence in the company's direction.
Why Is Robinhood (HOOD) Stock Soaring Today
Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 8.2% in the afternoon session after it announced a new joint venture with Susquehanna International Group to acquire a 90% stake in the regulated exchange MIAXdx, a move to significantly bolster its prediction markets business.
Why PagerDuty (PD) Stock Is Falling Today
Shares of digital operations platform PagerDuty (NYSE:PD) fell 25.8% in the afternoon session after the company reported its third-quarter results and provided a disappointing revenue forecast, signaling slowing growth.
Why Deere (DE) Stock Is Nosediving
Shares of agricultural and construction machinery company Deere (NYSE:DE) fell 5.3% in the afternoon session after the company lowered its full-year earnings guidance during its third-quarter report, signaling persistent challenges in the agricultural market.
Kohl's (KSS) Shares Skyrocket, What You Need To Know
Shares of department store chain Kohl’s (NYSE:KSS) jumped 8.1% in the afternoon session after the company appointed Michael Bender as its permanent chief executive and raised its full-year financial forecast after reporting better-than-expected third-quarter results.
Zscaler (ZS) Stock Trades Down, Here Is Why
Shares of cloud security platform Zscaler (NASDAQ:ZS) fell 11.1% in the afternoon session after the company's third-quarter results showed a miss on billings, a key metric for future growth, which overshadowed an impressive "beat and raise" quarter.
Why Is Topgolf Callaway (MODG) Stock Rocketing Higher Today
Shares of golf entertainment and gear company Topgolf Callaway (NYSE:MODG) jumped 7.9% in the afternoon session after the stock hit a new 52-week high, capping a period of strong performance that was supported by the recent announcement of a major business deal.