PREMARKET MOVES | Vertiv Slips on $1.45 Billion Acquisition; Sirius Rises on Deutsche Bank Upgrade; Dell Surges 8% on Earnings Beat; MongoDB Tumbles 13%

According to CNBC, Vertiv slid less than 1% after the AI infrastructure company announced a $1.45 billion acquisition of UtilityInnovation Group, with up to $1.15 billion in additional consideration tied to EBITDA targets over 12- and 24-month periods, aimed at helping data centers secure power faster. Sirius rose more than 3% after Deutsche Bank upgraded the stock to buy from hold with a $45 price target, implying more than 60% upside. Dell Technologies jumped 8% in premarket trading after beating expectations on both lines and lifting its fiscal 2027 outlook, citing strength in its artificial intelligence services business. Palo Alto Networks fell nearly 2% despite reporting better-than-expected fiscal fourth-quarter earnings of $1.02 per share on $3.41 billion in revenue, outpacing LSEG estimates of 98 cents per share and $3.35 billion. MongoDB dropped about 13% despite posting better-than-expected earnings and upbeat guidance, earning $1.90 per share on revenue of $772 million, while analysts forecasted $1.61 a share and $734 million. Credo Technology fell about 9% after its first-quarter non-GAAP gross margin came in at 68%, below the 68.3% analysts polled by LSEG expected, though Credo beat expectations on both lines.