After Hours Summary: MODN +14.5%, LLNW +12%, RAX +3.7%, ERII -19.7%, CALL -11.3%, CZR -5.4% following earnings/guidance
After Hours Gainers: Companies trading higher in after hours in reaction to earnings: MODN +14.5%, LLNW +12%, ATW +8.9%, SAAS +8.1%, DTSI +8.1%, TC +7.1%, ICUI +6.7%, FMSA +5.6%, RAX +3.7%, OMEX +3.2%, PTLA +2.4%, ESPR +2.1%, PDLI +2%, APP +2%, OMER +1.8%, NBR +1.1%, DMD +0.7%, RMTI +0.6%, WWD +0.4%, CIM +0.3%, FSIC +0.2%, DPLO +0.2%, PBYI +0.1%
Companies trading higher in after hours in reaction to news: ANIK +5.7% (announced that the Center for Medicare & Medicaid Services has assigned a unique Healthcare Common Procedure Coding System code, or J-Code, to its product MONOVISC), PBF +5.0% (Baupost Group disclosed 10.37% passive stake in 13G filing), RAX +3.7% (Board authorized $500 mln share repurchase over next two years, co expects a $200 mln accelerated repurchase; co also reported earnings),
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: ERII -19.7%, VSLR -13.5%, CALL -11.3%, HALO -10%, ARTX -9.6%, CMLS -9.1%, HK -8.9%, UNIS -5.7%, FPRX -5.7%, CZR -5.4%, AAOI -4.3%, W -4%, HEAR -3.9%, FXEN -3.2%, EGY -2.7%, ZOES -2.7%, ACAD -2.5%, MACK -1.8%, CLUB -0.9%, NPSP -0.6%, TGTX -0.4%
Companies trading lower in after hours in reaction to news: DVAX -7.7% (files for a $200 mln mixed securities shelf offering; co also disclosed it entered into an at the market issuance Sales Agreement with Cowen under which the co may offer and sell from time to time at its sole discretion shares of its common stock up to $50 mln), CODI -5.7% (announced public offering of 6 mln trust shares), FPRX -5.7% (filed for $100 mln offering of common stock), SFM -5.5% (announced the launch of a public offering of 15 mln shares of its common stock held by affiliates of Apollo Global Management), LOCK -5.4% (disclosed that various financial statements previously filed with the SEC should no longer be relied upon), LOCO -5.4% (filed for an offering of 6 mln shares of common stock by selling stockholders), MCEP -4.7% (announced public offering of 5.8 mln common units), NNN -2.1% (announced offering of 4 mln shares of common stock), ISIS -2.0% (announced proposed offering of $425 million of convertible senior notes)