After Hours Summary: BOX +9.5% higher on earnings; OKTA -11.7%, SMTC -2.4% lower on earnings; MTN +10.1% as Rob Katz returns as CEO
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: BOX +9.5%
Companies trading higher in after hours in reaction to news: BROG +84% (announces proposed sale of BPGIC FZE and BPGIC Phase III FZE), MTN +10.1% (CEO steps down; Rob Katz returns as CEO, also provides guidance), RKLB +3.6% (to acquire Geost for $275 mln), REZI +2.1% (Director bought 50000 shares), FTV +1.6% (increases share buyback auth), TEVA +1.5% (FDA grants Fast Track designation for investigational TEV-53408), LII +1.4% (joint venture with Ariston), GEVO +0.9% (names new CFO), NVAX +0.7% (terminates COO and eliminates position), GM +0.3% (to invest at least $800 mln for engine production at NY facility, according to Reuters), GIS +0.2% (approves global transformation initiative), SJM +0.1% (to close Indianapolis facility), TAC +0.1% (renews normal course issuer bid; co may repurchase up to 14 mln shares), QSR +0.1% (Firehouse Subs to open locations in Mexico)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OKTA -11.7%, SMTC -2.4%, HEI -0.1%
Companies trading lower in after hours in reaction to news: CODI -7.7% (takes action to improve its financial position), EOLS -4.6% (CFO resigns), GDS -4.3% (files for 5.2 mln ADS offering; also $450 mln convertible notes offering), GLXY -3.9% (files for 29 mln share offering, comprised of 24.15 mln shares offered by the company and 4.85 mln shares by selling shareholders, including its founder), VIK -2% (30.5 mln share offering by selling shareholders), CNP -1.7% (commences $800 mln stock offering), GH -1.5% (introduces smart liquid biopsy applications for Guardant360 Liquid Test), ATOM -1% (files for $100 mln mixed securities shelf offering), ZS -0.9% (to acquire Red Canary), NVDA -0.1% (suppliers ramping up production of Blackwell AI server racks, according to FT)