Check out the companies making headlines in midday trading: Dell Technologies – Software stock drops 22% after executives warned that its gross margins could come under more pressure next year 2025. Lionsgate Studios – Shares rose 1% after Citi initiated coverage of the studio at the top of its buy rating. The bank cited Lionsgate’s decision to spin off its Starz business as a potential catalyst for further margin expansion. Zscaler – Shares rose another 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 revenue of $535 million. Nordstrom – The Seattle-based department store operator saw shares rise nearly 4% after the company posted solid quarterly sales growth and stuck to its full-year forecast. . Its off-price chain, Nordstrom Rack, outperformed Nordstrom’s flagship brand with comparable sales up 7.9% year over year. However, Nordstrom missed Wall Street’s quarterly earnings expectations. Gap – The clothing retailer jumped 26% after posting fiscal first-quarter earnings per share of 41 cents, above the 14 cents that analysts surveyed by LSEG were expecting. Gap’s revenue of $3.39 billion was also higher than the forecast of $3.29 billion. Ambarella – Shares jumped 18% after the chipmaker announced that it expected revenue to continue growing in fiscal 2025, with strong artificial intelligence demand as a catalyst. Ambarella reported a first-quarter earnings loss that beat analysts’ expectations and revenue that beat the consensus. Marvell Technologies – Shares tumbled 11.8% after the chipmaker missed first-quarter earnings expectations. Marvell reported earnings per share of 24 cents on revenue of $1.16 billion, below the 25 cents earnings per share on revenue of $1.17 billion that analysts had expected, according to LSEG. MongoDB – Shares plummeted nearly 25% after the tech company cut its second-quarter forecast as well as its forecast for the full fiscal year. MongoDB said it expected to earn 46 cents to 49 cents per share on revenue of $460 million to $464 million, while analysts polled by LSEG had calls for revenue of $470 million and earnings of 58 cents per share. The company beat earnings and revenue expectations in the April quarter, but still saw slower-than-expected consumer growth. SentinelOne – The cybersecurity company fell 15.3% after giving a weaker revenue outlook than analysts forecast. SentinelOne expects its revenue to fall from $808 million to $815 million in 2024, lower than LSEG’s forecast of $817 million. VF Corporation – The apparel and footwear company jumped 11.7% after announcing Sun Choe will take on the role of global brand president of Vans starting in late July. Choe was previously chief product officer at Lululemon. Cooper Companies – The medical device company added 4.4% after posting ahead of adjusted earnings in its fiscal second quarter, although its revenue fell below analysts’ expectations. accumulation. Cooper also raised guidance on both its full-year earnings and revenue outlook. Paycom Software – Shares fell 7.8% after the payroll company announced a change in chief executive officer. Paycom promoted strategic advisor Randy Peck to chief operating officer and disclosed the resignation of co-CEO Christopher Thomas. First Solar – Shares fell 5.2% after Mizuho downgraded the solar technology company to neutral from buy. Analyst Maheep Mandloi noted that strong valuation strength appears to be reflected in the stock price at the moment. – CNBC’s Hakyung Kim, Yun Li, Jesse Pound and Pia Singh contributed reporting.