Check out the companies making headlines in midday trading. Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Lionsgate Studios — Shares rose 1% after Citi initiated coverage of the film studio at a buy rating. The bank cited Lionsgate's decision to spin off its Starz business as a potential catalyst for further margin expansion. Zscaler — Shares added 5.
16 billion in revenue, missing the 25 cents on revenue of $1.17 billion analysts had expected, according to LSEG. MongoDB — Shares plummeted nearly 25% after the technology company trimmed its second-quarter guidance as well as its forecast for the full fiscal year. MongoDB said it expected to earn 46 cents to 49 cents per share on $460 million to $464 million of revenue, while analysts polled by LSEG had called for $470 million of revenue and earnings of 58 cents per share.
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