After Hours Summary: BGFV +16%, WTW +10.5%, DAR +9% following earnings/guidance... PANW -20% following earnings/guidance/Investor Day delay is weighing on cyber security namesAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: BGFV +16%, WTW +10.5%, DAR +9.1%, LOGM +7.5%, EVH +5.1% (light volume), MIDD +4.5%, DPLO +4.2%, BLDR +3.9%
Companies trading higher in after hours in reaction to news: DVAX +26.7% (FDA has accepted for review its responses to the CRL issued by the FDA in November 2016 for the Biologics License Application for HEPLISAV-B; PDUFA action date of August 10, 2017), LXRX +5.4% (receives FDA approval for XERMELO), TIME +4.8% (Bloomberg reporting that five suitors were asked to submit bids next week), AKRX +4.5% (received FDA approval for its ANDA for Mycophenolate Mofetil for Injection USP 500 mg/vial), WLH +3.3% (will replace Arctic Cat in the S&P SmallCap 600)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PANW -19.9%, ENPH -19%, SRPT -14.3%, CYBE -12.8%, EVHC -12.1% (also exploring strategic options for its American Medical Response business and Evolution Health population health management services), SSW -11.7% (also reduces quarterly dividend), NVDQ -7%, CLNS -6%, AMBA -5%, ETSY -4.4%, CHUY -3.3%, CRM -3%, ACAD -2.5%, VEEV -2.3%, TSRO -2.3%, PTLA -2%
Companies trading lower in after hours in reaction to news: IBKC -5.6% (IberiaBank to acquire Sabadell United Bank in a stock and cash transaction valued at $1.025 billion; to be accretive to EPS in 2018), INTC -1.2% (downgraded at Bernstein)
Palo Alto Networks (PANW -20%) earnings/guidance/Investor Day delay weighing on cyber security names: CYBR -3.1%, FTNT -2.8%, etf - HACK -2.3%, PFPT -1.7%, CHKP -1.6%, SYMC -1% (ticking lower), FEYE -0.5% (ticking lower)