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 5.2% after the cloud security company posted a fiscal third-quarter earnings and revenue beat. Zscaler reported adjusted earnings of 88 cents per share on revenue of $553 million, while analysts polled by LSEG had expected earnings of 66 cents on $535 million in revenue. Nordstrom — The Seattle-based department store operator saw shares jump nearly 4% after the company posted solid quarterly sales growth and stuck by its full-year forecast . Its off-price chain, Nordstrom Rack, outperformed Nordstrom’s flagship brand with comparable sales rising 7.9% year over year. Nordstrom fell short of Wall Street’s quarterly earnings expectations, however. Gap — The clothing retailer soared 26% after posting fiscal first-quarter earnings per share of 41 cents, higher than the 14 cents analysts surveyed by LSEG had expected. Gap’s revenue of $3.39 billion also beat the $3.29 billion forecast. Ambarella — Shares soared 18% after the chipmaker announced that it expected revenues to continue growing in fiscal 2025, citing robust artificial intelligence demand as a catalyst. Ambarella reported a first-quarter earnings loss that beat analysts’ expectations and revenue that came in line with consensus. Marvell Technologies — The stock plunged 11.8% after the chipmaker missed first-quarter earnings expectations. Marvell reported earnings per share of 24 cents on $1.16 billion in revenue, missing the 25 cents in earnings per share 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. The company beat earnings and revenue expectations for the April quarter, but still saw slower-than-expected consumption growth. SentinelOne — The cybersecurity company dipped 15.3% after
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