DELL, ULTA, AMBA, GAP and more

See the companies making headlines in premarket trading.

Dell Technologies – Shares in the personal computer and technology company fell more than 16% after executives warned of further margin pressure. The company posted both top and bottom lines in first-quarter earnings, but forecasts gross margin to decline by about 150 basis points in 2025.

Lionsgate Studios – Shares rose 11% after Citi initiated coverage of the film studio company with a buy rating. Analyst Jason Bazinet said the company’s decision to spin off its Starz segment could help Lionsgate further expand margins in the future.

Zscaler Cloud security shares rose more than 16% after Zscaler beat analysts’ expectations for its fiscal third-quarter profit and revenue. The company posted adjusted earnings of 88 cents per share on revenue of $553 million, according to LSEG, while analysts had expected earnings per share of 66 cents on revenue of $536 million.

Northstream – Department store stocks fell 5% before the opening bell after reporting a bigger-than-expected loss in the first quarter. Nordstrom maintained its full-year earnings guidance and reported strong growth in its Nordstrom Rack segment, which outperformed major brand stores.

Hole – Shares rose another 25% after the clothing company raised its full-year operating profit forecast following a first-quarter profit margin. Gap executives now expect operating income to grow about 40%, compared with an earlier estimate that called for expanding the teen demographic.

Ambarella Shares in the chipmaker rose 18% after telling investors to expect continued revenue growth through fiscal 2025 thanks to robust demand for artificial intelligence. Ambarella reported a smaller-than-expected loss in the first quarter and an increase in sales.

Ultimate beauty The beauty retailer’s shares rose nearly 9% after its CEO outlined five key areas where it plans to take action to improve sales. Ulta reported fiscal first-quarter earnings Thursday that reflected a 1.6% year-over-year increase in same-store sales, a significant slowdown from the same period a year earlier.

Marvell Technologies – Semiconductor stocks fell about 2% after the company issued in-line revenue guidance for the second quarter, but adjusted earnings per share estimates missed estimates by a penny.

MongoDB – Shares of the tech company fell 23% after second-quarter expectations came in below expectations. MongoDB said it expected to earn 46 to 49 cents per share on revenue of $460 million to $464 million. Analysts polled by LSEG had expected revenue of $470 million and earnings of 58 per share.

SentinelOne – Cybersecurity stocks fell more than 13% after reporting softer-than-expected full-year revenue guidance. The company now estimates revenue between $808 million and $815 million, while analysts surveyed by LSEG forecast $817 million.

VF Corp Shares of the company behind brands like North Face rose more than 7% after Michelle “Sun” Choe assumed the role of global brand president of Vans at the end of July. Choe was previously Chief Product Officer of Lululemon.

NetApp – Shares of the data storage company rose more than 2% after beating Wall Street’s fourth-quarter expectations on both revenue and earnings and issuing a strong earnings 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