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Medtronic Gains, Pal Alto Networks Down, Ulta Beauty Slips as Outlook Implies Softer Year Ahead...
Posted
June 3, 2026
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June 3, 2026
100
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2:09Now PlayingOn this episode of Stock Movers:
- Medtronic (MDT) shares gain. The medical devices maker reported revenue for the fourth quarter that surpassed expectations. Analysts noted that the 2027 adjusted earnings per share guidance will be in focus during the earnings call.
- Pal Alto (PANW) shares are down. The security software company reported results following a 61% year-to-date rally. The company reported third-quarter results that beat the average analyst expectation and raised its full-year forecast for key metrics, but failed to meet elevated buyside expectations.
- Ulta (ULTA) shares slip as analysts note the retailer’s annual guidance implies the outlook for the back half of the year is weaker than expected. Analyst Michael Baker says that with Ulta stock down 18% year to date and trading 17% below its five year average on a relative P/E basis, it wasn’t priced to be a perfect quarter.
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Medtronic Gains, Pal Alto Networks Down, Ulta Beauty Slips as Outlook Implies Softer Year Ahead
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