HP Inc.

🇺🇸New York Stock Exchange
Back to all articles
HP Inc. stock analysis HPQ overview
Slightly Bullish +20

Stocks making the biggest moves premarket: Dell Technologies, HP, AST SpaceMobile, Gap & more

🖥️ Dell Technologies surged nearly 37% after raising full-year adjusted earnings per share to $17.90 and revenue between $165 billion and $169 billion, surpassing analyst estimates of $13.09 EPS on $142.5 billion revenue.

💻 Hewlett Packard Enterprise gained over 17%, Super Micro Computer rose nearly 10%, and HP climbed almost 7% as broader computer stocks benefited from Dell's earnings beat.

👗 American Eagle Outfitters dropped about 11% after comparable sales at its main banner fell 2% in the first quarter and second-quarter operating income guidance missed the consensus estimate of $65.3 million.

👚 Gap shares tumbled more than 15% after cutting annual sales growth expectations to 1%–2% from a previous range of 2%–3%, though first-quarter adjusted earnings beat at 38 cents versus 37 cents expected.

🚀 AST SpaceMobile fell almost 15% and other space stocks like EchoStar and Rocket Lab declined following reports of a Blue Origin rocket explosion during a ground test in Florida.

🔐 Okta added nearly 8% after posting full-year revenue guidance and first-quarter earnings that exceeded FactSet consensus estimates for non-GAAP EPS, revenue, and operating income.

💾 NetApp rose 16.5% after providing first-quarter and full-year guidance that beat expectations, along with a fiscal fourth-quarter adjusted earnings and revenue beat.

📐 Autodesk slipped 7% as ex-subscription revenue fell short of consensus at $98 million versus $100.4 million expected, despite beating top-line and bottom-line estimates for the quarter.

☁️ Snowflake was up 1.5% Friday after its stock surged 36% on Thursday following an earnings report that led to its best day ever, with HSBC upgrading it to buy on AI demand growth.

📋 Asana shares rose 2% after full-year revenue guidance of $856 million–$864 million surpassed analysts' expectations, along with current-quarter revenue guidance beating Street estimates.

🗃️ MongoDB gained 3.5% after raising full-year adjusted earnings, revenue, and operating income guidance for all three metrics above analyst projections following a first-quarter beat.

☁️ PagerDuty advanced 12.5% after increasing its full-year adjusted earnings guidance to between $1.27 and $1.32 per share, which remains above FactSet's $1.26 estimate.

🔍 Elastic tumbled more than 6% after guiding for current-quarter adjusted earnings between 57 and 59 cents, missing analyst expectations of 63 cents despite a fourth-quarter beat.

🛡️ SentinelOne plunged 16% after lowering guidance for current-quarter revenue to between $289 million and $291 million, falling below LSEG's consensus of $292 million, and missing adjusted earnings estimates as well.

Bullish Signals
  • Dell Technologies surged almost 37% after raising its full-year guidance, with analysts now seeking $17.90 in adjusted earnings per share and between $165 billion and $169 billion in revenue.
  • Hewlett Packard Enterprise shares rose more than 17% as computer hardware stocks benefited from Dell's strong earnings performance.
  • HP shares advanced almost 7% alongside other major players in the computer hardware sector driven by positive market sentiment.
  • Okta added almost 8% after sharing current-quarter revenue guidance that exceeded what analysts were expecting, along with first-quarter non-GAAP earnings and revenue beats.
  • NetApp popped 16.5% after sharing first-quarter and full-year guidance that beat analyst expectations, with a fiscal fourth-quarter adjusted earnings and revenue beat as well.
  • Autodesk reported a beat on both the top and bottom lines for its first quarter, with current quarter earnings and revenue exceeding FactSet's forecasts despite lower subscription revenue.
  • Snowflake shares were up 1.5% in premarket trading after surging 36% on Thursday following an earnings report that led to the stock's best day ever, with HSBC upgrading the stock to buy.
  • Asana saw shares rise 2% after reporting full-year revenue of $856 million to $864 million, which bested analysts' call for $854 million, and current-quarter revenue surpassing estimates.
  • MongoDB shares gained 3.5% after raising its full-year adjusted earnings, revenue and adjusted operating income guidance, with all three metrics coming in above what analysts anticipated in the first quarter.
  • PagerDuty advanced 12.5% after raising its full-year earnings guidance to between $1.27 and $1.32 per share, higher than FactSet's $1.26 per share estimate, while also reporting a first-quarter beat for adjusted earnings and revenue.
Risk Factors
  • Hewlett Packard (HP) shares were up almost 7%, which is less impressive compared to competitors like Dell Technologies that surged nearly 37% after raising full-year guidance.
  • American Eagle Outfitters experienced an 11% drop in shares due to disappointing quarterly performance, with comparable sales falling 2% and second-quarter operating income guidance of $45 million to $50 million missing the $65.3 million consensus estimate.
Full Analysis
Hewlett Packard (HPQ) shares were up approximately 7% in premarket trading following a broad rally in computer hardware stocks led by peers like Dell Technologies. HP's movement came as part of a broader theme where investors reacted to recent earnings beats and strong guidance from major technology competitors. The article notes that Dell surged nearly 37% after raising its full-year guidance, which sparked similar positive sentiment across the sector, with Hewlett Packard Enterprise rising more than 17%, Super Micro Computer up nearly 10%, and HP joining the gainers at around 7%. The premarket activity highlighted contrasts between successful tech earnings reports and disappointing ones in other sectors. While computer stocks benefited from Dell's strong guidance, retail apparel companies like Gap suffered a significant decline, with shares tumbled more than 15% after cutting its sales outlook for the year to a 1-2% growth range from a previous 2-3% estimate. American Eagle Outfitters also struggled, dropping about 11% due to weaker comparable sales and missed second-quarter guidance. Outside the tech sector, space-related stocks dipped following an explosion of a Blue Origin rocket in Florida, causing partners like AST SpaceMobile to fall nearly 15%. In software and data infrastructure, companies like Okta, NetApp, Autodesk, Snowflake, Asana, MongoDB, PagerDuty saw shares rise after beating or raising expectations on guidance. Conversely, Elastic, SentinelOne, and others fell after missing revenue or earnings forecasts for their current quarters. The overall market sentiment before open trading was a mix of positive reactions to beats in hardware and cybersecurity, alongside negative responses from retail and space exploration sectors.