Stocks to Watch: MongoDB, Dell, Palo Alto Networks
Dow Jones
2 hours ago
MongoDB lifted its full-year outlook and logged an increase in second-quarter sales, beating analyst expectations. Still, shares tumbled 14%, to $373.50, after the market closed Tuesday.
Dell Technologies lifted its full-year revenue guidance by $25 billion at the midpoint after reporting revenue growth driven by server demand. Shares jumped 6.4%, to $451.99.
Palo Alto Networks swung to a loss in the fiscal fourth quarter, driven by acquisition costs, but projected double-digit growth for the current fiscal year on strong cybersecurity demand. The stock was off 2.2%, at $354.11.
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