Charge Point EV stations
Source: Charge Point
Check out the companies making headlines before the bell:
C3.ai — Shares surged 17% after C3.ai reported third-quarter results that topped expectations. The enterprise artificial intelligence company posted a narrower-than-expected loss of 6 cents per share ex-items, compared with estimates for a 22 cent loss, according to Refinitiv. It also reported revenue of $66.7 million, surpassing expectations of $64.2 million.
Hewlett Packard Enterprise — The tech stock added nearly 3% after Hewlett Packard Enterprise’s latest quarterly results surpassed Wall Street estimates. The company reported adjusted earnings of 63 cents per share on revenue of $7.81 billion. Analysts polled by Refinitiv were expecting earnings of 54 cents per share on revenue of $7.43 billion.
ChargePoint Holdings — Shares plummeted 11% after ChargePoint Holdings reported a quarterly revenue miss. The electric vehicle infrastructure company posted revenue of $152.8 million in the fourth quarter, less than the forecasted $164.6 million, according to consensus estimates from FactSet. The company also issued lackluster guidance.
Zscaler — Shares of the cybersecurity company slid 11% in premarket trading despite Zscaler beating estimates on the top and bottom lines for the fourth quarter. The company earned an adjusted 37 cents per share, above the 29 cents expected by analysts, according to Refinitiv. However, several analysts pointed to billings guidance as a sign of weakness, with Stifel analyst Adam Borg saying in a note to clients said that the guidance was “muted.”
First Solar — Shares gained 1.6% after UBS upgraded First Solar to buy from neutral, and raised his price target, saying tax credits will help the stock gain more than 20%.
Marvell Technology — The chip stock slid 8% after Marvell Technology reported mixed fourth-quarter results. The semiconductor company reported adjusted earnings of 46 cents per share, just one cent shy of analysts’…
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