After Hours Summary: CRM +6.4%, WSM +4%, COVS +3.5%, XNET -14.9%, KZ -13.8%, NTAP -8.3% following earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings: CRM +6.4%, WSM +4%, COVS +3.5%, ACXM +2.9%, YOKU +1%
Companies trading higher in after hours in reaction to news: CTP +42.0% (agreed to exclusive negotiations to be acquired by DHR International; pricing and other terms not disclosed, but indicated preliminary price below the $7 per share DHR previously proposed), OCR +4.9% Bloomber reporting that co is in late stage talks to be acquired by CVS Health (CVS)), ACXM -2.9% (entered into an agreement to sell its IT Infrastructure Management business to Charlesbank Capital Partners and M/C Partners for total cash consideration of up to $190 mln; co also reported preliminary Q4 results), GMCR +0.4% (Director disclosed purchase of 15K shares, worth total of $1.347 mln),
After Hours Losers:
Companies trading lower in after hours in reaction to earnings: XNET -14.9%, KZ -13.8%, NTAP -8.3%, OTEX -7.7%, RXN -7.1%, BRS -5.9%, SCVL -4.9%, SNPS -3%, LB -0.9%
Companies trading lower in after hours in reaction to news: WAVX -8.5% (to make a public offering of shares of its Class A common stock and warrants; size not disclosed), NTAP -8.2% (disclosed that on May 19, 2015, it committed to a realignment designed to drive efficiency, eliminate cost and redirect resources; expects to reduce headcount by ~500 employees; co also reported earnings), AETI -5.2% (filed for $25 mln offering of common stock, warrants, and units), AGEN -5.2% (announced that it intends to offer shares of its common stock in an underwritten public offering, size not disclosed), OXGN -5.1% (filed for $75 mln mixed securities shelf offering), BRKR -4.9% (announced that CFO Charles Wagner has submitted his resignation, effective June 12, 2015, in order to pursue other interests), OCUL -2.0% (filed for $125 mln common stock offering by selling shareholders), ARCI -1.7% (announced the return of Edward Cameron as President and CEO)