Premarket Stock Movements: Vertiv, Sirius, Dell and Others
Several stocks made notable premarket moves due to earnings reports, upgrades, or acquisitions. Vertiv shares dipped slightly after announcing a $1.45 billion acquisition of UtilityInnovation Group with additional potential consideration tied to EBITDA targets over the next two years. Meanwhile, Sirius XM rose more than 3% following an upgrade from Deutsche Bank to 'buy' with a price target implying significant upside. Dell Technologies saw its shares jump nearly 8% after surpassing earnings and revenue expectations for Q2 and raising its fiscal 2027 forecast due to strong AI services demand. In contrast, cybersecurity firm Palo Alto Networks fell almost 2% despite beating both top- and bottom-line estimates in the fourth quarter. MongoDB dropped around 13%, despite exceeding earnings forecasts and providing upbeat guidance for Q2. Credo Technology also declined nearly 9% after missing analyst expectations on gross margin by a small margin, even though it beat revenue and EPS projections.
Tickers: $CRDO $CRDOF $DELL $MDB $PANW $SIRI $VRTX
Topics: acquisition earnings_report stock_upgrade