In addition to the jobs data, Wall Street has plenty of quarterly reports to unpack today. Tech giants C3.ai Inc (NYSE:AI), GitLab Inc (NASDAQ:GTLB), and Hewlett Packard Enterprise Co (NYSE:HPE) are fresh off the confessional, so let's dig into their post-earnings reactions below.
AI was last seen down 3.4% to trade at $16.12, after the company missed estimates for the fiscal first quarter, withdrew its 2026 forecast, and replaced its CEO as it struggles to reorganize operations. As a result, UBS and Canaccord Genuity cut their price targets to $16 from $23 and $28, respectively. AI is pacing for its fourth-straight loss as it nears an Aug. 11, more than two-year low of $14.70. The security has shed 53.5% so far in 2025.
GTLB isn't faring any better, down 8.9% to trade at $42.76 at last check. The software name reported better-than-expected earnings and revenue for the second quarter, but fiscal third-quarter and full-year revenue guidance missed the mark. The stock saw at eight price-target cuts in response, including one at Barclays to $44 from $47. Shares are on track for their fourth consecutive loss and worst day since June 11. In the past nine months, GLTB shed 35%.
Easily outpacing its peers, HPE is up 3.8% to trade at $23.71, after the company shared a top- and bottom-line win for the fiscal third quarter, and also raised its full-year outlook. Analysts chimed in with five price-target hikes, including one to $30 at Raymond James. Sporting a 34.9% three-month lead, shares earlier hit their highest level since January and are well on their way to their best day since June 30, with a fifth daily gain in six.
Options traders are blasting all three stocks in the options pits today, with overall volume running at triple the intraday average amount for both AI and GTLB, while HPE is seeing 6 times the volume that is typical at this point. The weekly 9/5 18-strike and 45-strike calls are the most active contracts for AI and GTLB, respectively, and for HPE it's the October 24 call.
