Speaker 1: The Stock Movers Report, your roundup of companies making moves
Speaker 1: in the stock market, harnessing the power of Bloomberg data.
Speaker 2: I'm Carol Masser along with Tim Stanevik. Though let's get
Speaker 2: to some stocks on the move on this Tuesday, and uh,
Speaker 2: of course with us right now is Carmen Ryanicky. She's
Speaker 2: Bloomberg News stocks reporter, and she is with us. Actually,
Speaker 2: you've got a more impressive title than that.
Speaker 1: Nothing stocks professor.
Speaker 3: Professor is the relevant one to what we're talking here today,
Speaker 3: which is the stocks that are And that's against.
Speaker 2: The stocks reporter because that's a that's an important title too.
Speaker 4: But she's also a professor, and that's why we call
Speaker 4: her doctor Ryan.
Speaker 2: She wears several hats, got stuff.
Speaker 4: Okay, so what's going on? What do you what do
Speaker 4: you have?
Speaker 3: So I'm watching Palo Alto Networks shares right now. This
Speaker 3: is ticker p A n W. So the stock is
Speaker 3: up about five percent right now. This is actually quite
Speaker 3: off the highs that we've seen in the extended session today.
Speaker 3: So it's a cybersecurity company. It reported earnings. Quarter results
Speaker 3: beat expectations, and it also raised its full year forecast.
Speaker 3: I think this is a really important move because we've
Speaker 3: seen these sort of top cybersecurity names rally a lot
Speaker 3: of me there's been a recovery in software, but Palo
Speaker 3: Alto and CrowdStrike, which is also up and after hours today,
Speaker 3: have just gone up exponentially. I think they're both up,
Speaker 3: you know, fifty sixty percent in May alone. So seeing
Speaker 3: a continuation of this rally, which has taken the stock
Speaker 3: up to record highs is really important.
Speaker 2: Yeah, quite a kick. Like I feel like these are
Speaker 2: not the names we talk about every day, right, but
Speaker 2: they have had some tremendous momentum all right, from high
Speaker 2: tech to cosmetics, yeah, care and all that good stuff.
Speaker 3: Another after hours mover, let's switch over to Alta, So
Speaker 3: this is.
Speaker 2: Technology involved in all that skincare.
Speaker 3: That's true. Ticker Ulta stock is up about four point
Speaker 3: seven percent right now. So the company also reported earnings.
Speaker 3: It reaffirmed its comparable sales forecast for the full year.
Speaker 3: It didn't want to note that this is the same
Speaker 3: sales forecast at last quarter, so in March sent stock
Speaker 3: down pretty considerably after they had sort of given a
Speaker 3: more cautious outlook for the year. So it seems like
Speaker 3: we might just be getting a little bit of a
Speaker 3: relief rally here. All to stock is down twenty percent
Speaker 3: or about twenty percent this year through Tuesday's.
Speaker 4: Close, and thirty percent from that high back on February seven. Execondly, Yeah, yeah,
Speaker 4: there was a big drop there in the.
Speaker 2: Earlier part of the year, all right, So moving in
Speaker 2: the after hours, so too is git lab Yeah, in
Speaker 2: a big way.
Speaker 3: Yeah, So this actually just had a huge reversal the stock.
Speaker 3: It's GTLB is the ticker. It's down about five point
Speaker 3: two percent right now. So the company reported earnings that
Speaker 3: seem pretty in line. I think what the stock's really
Speaker 3: reacting to right now is that the company is cutting
Speaker 3: about fourteen percent of its workforce three hundred and fifty
Speaker 3: rolls and exiting twenty two countries as a part of
Speaker 3: a major restructuring. Usually you would see a stock go
Speaker 3: up after you know, we're force Usually job cuts are
Speaker 3: kind of good, they're good for the bottom line. But
Speaker 3: looks like investors are not excited about this. I mean,
Speaker 3: I think exiting twenty two countries, that's pretty significant.
Speaker 2: Yeah, it makes you wonder why, right what? And we'll
Speaker 2: look for some more maybe clarification on the call and
Speaker 2: some color around. What's going on? Are you looking for that?
Speaker 4: Yeah, we'll got it. We'll get it soon. Okay, I'm
Speaker 4: still looking at all.
Speaker 3: I mean, it just swung negative like a few minutes ago.
Speaker 2: Because I'm gonna say, when we broke it, right, we
Speaker 2: saw it kicked to the upside. So kind of interesting
Speaker 2: to see. So we'll look for some more com Yeah.
Speaker 4: From narrowing, it's just your revenue forecast second quarter. Yeah,
Speaker 4: it's a let's see, uh sea's revenue one point one
Speaker 4: one billion to one point one two billion, saw one
Speaker 4: point one to one point one two.
Speaker 3: A lot of much what it is, a lot of
Speaker 3: the numbers looked okay, Yeah, so I'm wondering. Okay, so
Speaker 3: we'll be keeping an eye on that one. I'm gonna
Speaker 3: go listen to the call.
Speaker 2: Yeah, only exitting twenty two countries a lot.
Speaker 4: Yeah, sures down in the after hours now four point
Speaker 4: one percent.
Speaker 2: We're just making the sausage as we go.
Speaker 4: Especially after hours with these companies, and even if the
Speaker 4: call hasn't started.
Speaker 3: Yet, you know, I know, they move quickly and you
Speaker 3: never know.
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