FedEx Rises, Netskope Climbs in Debut, Intel Soars | Stock Movers

On this edition of Stock Movers:

- FedEx (FDX) shares rose in after hours trading after the company reported better than expected earnings. FedEx reinstated its full-year profit outlook, a sign that the company is gaining some clarity on the future of its business even while the pressure from tariffs is far from over. Adjusted earnings in the 2026 fiscal year will be $17.20 to $19 a share, the company said Thursday in a statement detailing its first-quarter results. The midpoint is slightly below the $18.25 average of analyst estimates compiled by Bloomberg. The company expects revenue to grow by as much as 6% this year compared with a 1.2% average gain forecast by analysts.The sales forecast suggests FedEx anticipates robust volumes during the holiday season, typically its busiest period. Results in its Express unit were helped by higher-margin priority packages, increased US parcel volumes and savings from its cost-cutting initiatives.

- Netskope (NTSK) jumped 18% in its trading debut, after the cybersecurity firm raised $908.2 million in an initial public offering. Shares in the Santa Clara, California-based company closed at $22.49 each on Thursday, above the IPO price of $19 apiece. The deal was priced at the top of the increased price range of $17 to $19 each. The trading gives the company a market value of $8.6 billion, based on the outstanding shares in its filings. Founded in 2012, the company’s cloud-native Netskope One platform incorporates artificial intelligence models to help companies protect customers from threats and keep sensitive data secure, according to the filings. It counts Colgate-Palmolive Co., Home Depot Inc. and Bayer AG among its customers. Netskope’s IPO drew demand for more than 23 times the available shares, Bloomberg News reported Tuesday. To Chief Executive Officer Sanjay Beri, the strong demand reflects how the company is “modernizing both networking and security for the cloud and AI era.

- Intel (INTC) shares soared today after the firm announced that Nvidia had agreed to invest $5 billion in the company and co-develop chips for PCs and data centers. The move comes less than a month after President Donald Trump sealed a deal for a roughly 10% US government stake in Intel. Thursday’s surge in Intel shares pushed the stock to $30.57, boosting the value of the government’s stake to about $13 billion, a $4.4 billion gain on paper since the deal was inked in August. Under that agreement, the US government said it would buy 433.3 million shares of Intel’s common stock at $20.47 per share.

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FedEx Rises, Netskope Climbs in Debut, Intel Soars