Tesla, C3.ai, Marvell Technology, Dell, Silvergate Capital and More: U.S. Stocks to Watch
With US futures trading steadiesly this morning on Friday, some of the stocks that may grab investor focus today are as follows:
Veru Inc. (NASDAQ:VERU) 30.7% LOWER; announced that the U.S. Food and Drug Administration (FDA) has declined to grant at this time the Companys request for Emergency Use Authorization (EUA) for sabizabulin, Verus novel microtubule disruptor, to treat hospitalized adult patients with moderate to severe COVID-19 who are at high risk for Acute Respiratory Distress Syndrome (ARDS).
C3.ai (NYSE:AI) 14.6% HIGHER; reported Q3 EPS of ($0.06), $0.16 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $66.7 million versus the consensus estimate of $64.22 million. C3.ai sees FY2023 revenue of $264-266 million, versus the consensus of $261 million.
Zscaler (NASDAQ:ZS) 12.6% LOWER; reported Q2 EPS of $0.37, $0.08 better than the analyst estimate of $0.29. Revenue for the quarter came in at $387.6 million versus the consensus estimate of $365.53 million. Zscaler sees Q3 2023 EPS of $0.39, versus the consensus of $0.31. Zscaler sees Q3 2023 revenue of $396-398 million, versus the consensus of $387.3 million. Zscaler sees FY2023 EPS of $1.52-$1.53, versus the consensus of $1.24. Zscaler sees FY2023 revenue of $1.558-1.563 billion, versus the consensus of $1.53 billion.
Chargepoint Holdings Inc. (NYSE:CHPT) 12.2% LOWER; reported Q4 EPS of ($0.23), $0.04 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $152.8 million versus the consensus estimate of $165.09 million.
Marvell Technology Inc. (Nasdaq:MRVL) 9.2% LOWER; the chip company met expectations with results for its latest quarter but blamed inventory corrections for an outlook that came in below the consensus view.
Bumble Inc. (Nasdaq:BMBL) 5.3% LOWER; selling stockholders affiliated with Blackstone Inc. and its founder, Whitney Wolfe Herd (collectively, the Selling Stockholders), have commenced an underwritten public offering of 12,500,000 shares of Bumbles Class A common stock.
Dell Technologies (NYSE:DELL) 4.4% LOWER; reported Q4 EPS of $1.80, $0.15 better than the analyst estimate of $1.65. Revenue for the quarter came in at $25 billion versus the consensus estimate of $23.51 billion. Announcing a 12% increase in annual cash dividend to $1.48 per common share. CFO to retire.
Hewlett Packard Enterprise (NYSE:HPE) 2.7% HIGHER; reported Q1 EPS of $0.63, $0.09 better than the analyst estimate of $0.54. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.44 billion. Hewlett Packard Enterprise sees Q2 2023 EPS of $0.44-$0.52, versus the consensus of $0.47. Hewlett Packard Enterprise sees Q2 2023 revenue of $7.1-7.5 billion, versus the consensus of $7.04 billion. Hewlett Packard Enterprise sees FY2023 EPS of $2.02-$2.10, versus the consensus of $2.02.
Silvergate Capital Corp (NYSE:SI) 2.7% LOWER; Cryptocurrency heavyweights including Coinbase Global Inc and Galaxy Digital on Thursday dropped Silvergate Capital Corp as their banking partner after the lender's latest filing raised questions about its ability to stay in business.
Costco Wholesale Corp (Nasdaq:COST) 2.5% LOWER; missed second-quarter revenue estimates on Thursday, as consumers turned frugal on discretionary spending amid persistently high inflation, sending its shares down about 3% in after-hours trading.
Tesla (Nasdaq:TSLA) 2.2% HIGHER; the U.S. electric car maker rallied after falling 5.9% Thursday. Tesla sold 74,402 China-made electric vehicles (EV) in February, up 31.65% from a year earlier, China Passenger Car Association (CPCA) data showed on Friday.
$(AI)$ $(CHPT)$ $(ZS)$ $(BMBL)$ $(DELL)$ $(HPE)$ $(VERU)$ $(COST)$ $(MRVL)$ $(TSLA)$ $(SI)$Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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