Ulta, Nvidia, Chipotle, Peloton and more
Check out the companies making headlines in midday trading. Rubrik — The data management stock surged 25% after fourth-quarter results surpassed analyst expectations. Rubrik lost 18 cents per share, narrower than the consensus forecast for a loss of 39 cents from analysts polled by LSEG. The California-based firm posted $258 million in revenue, which also beat Wall Street’s estimate of $233 million Ulta Beauty — Shares moved 12.3% higher following the beauty retailer’s fourth-quarter financial results. Ulta’s earnings were $8.46 per share, beating the $7.12 per share expected from analysts polled by LSEG. Revenue came in at $3.49 billion, topping the $3.46 billion consensus estimate. However, the company issued disappointing guidance for the full year. DocuSign — The electronic signature service company saw shares soar 18% after it beat on the top and bottom lines partly driven by last year’s launch of its AI-enabled content. CEO Allan Thygesen said the company, which is partnering with Microsoft and Google, has “started to turn the corner on the core business.” Semtech – The semiconductor stock rose 18.5% following the company’s better-than-expected fourth-quarter results and strong first-quarter forecast. Semtech posted adjusted earnings of 40 cents per share on revenue of $251 million, while analysts surveyed by LSEG had penciled in 32 cents per share on revenue of $249 million. Crown Castle — The telecom stock rallied 10.4% after Crown Castle announced it would sell its fiber assets for $8.5 billion to EQT and Zayo. Nvidia — Shares of the megacap tech giant and retail investor favorite popped 4% on Friday. That gain put the artificial intelligence darling on track to finish the week more than 6% higher, snapping a three-week losing streak. However, shares have still tumbled more than 10% since the start of 2025. Chipotle Mexican Grill — Shares edged 2.5% higher after the burrito chain received an upgrade to buy from hold from Loop Capital. The firm said Chipotle’s recent pullback has created an attractive buying opportunity for investors and that the name is good for managing risk related tied to President Donald Trump’s tariff actions. Astera Labs — The semiconductor stock jumped 7.8% on the heels of Raymond James’ initiation at an outperform rating. Raymond James said the stock has been hit this year by “fatigue” tied to artificial intelligence and is an “excellent opportunity.” Six Flags — The amusement park operator added 6.9% following Barclays’ initiation at overweight. Barclays said shares of the North Carolina-based company can see upside from self-help initiatives. Peloton — The fitness stock rallied 12% on the back of Canaccord Genuity’s upgrade to buy from hold. The firm said Peloton has “regained its footing” and is a “clear leader” within the connected fitness space. Revolve Group — Shares advanced 6.5% after Jefferies upped its rating on the fashion retailer to buy from hold. Jefferies said the stock’s recent pullback offers a good entry point for investors. — CNBC’s Michelle Fox, Pia Singh, Sean Conlon and Yun Li contributed reporting
