After Hours Summary: CDNS +11%, SSNC +7%, ZION +3% are higher, while MC -11%, AMTD -1.7% are lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CDNS +10.6%, SSNC +7.1% (sees Q3 earnings above estimates), ZION +2.9%, CR +1.3%
Companies trading higher in after hours in reaction to news: SENS +8.7% (announced that Aetna is providing coverage for Eversense effective immediately), SGH +4.7% (still checking), PVTL +1.4% (initiated with Buy at Needham), RH +0.6% (initiated with Outperform at Wedbush)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: MC -11%, AMTD -1.7% (also raises dividend)
Companies trading lower in after hours in reaction to news: AFMD -3.2% (files for $150 mln mixed securities shelf offering ), PTI -2.4% (to offer 9 mln shares of common stock in an underwritten public offering), EIGR -1.9% (proposed public offering of common stock), ANGI -1.9% (files for 7,482,167 share common stock offering by selling shareholders), KR -1.4% (still checking), TLRY -0.9% (ongoing volatility; issued additional US$25.0 mln of its 5.00% Convertible Senior Notes due 2023 in a private placement to qualified institutional buyers pursuant to the Initial Purchasers' partial exercise of its 13-day over-allotment option), EBAY -0.7% (downgraded to Sector Perform at RBC Capital Mkts), SRCL -0.5% (initiated with a Underperform at BofA/Merrill)