After Hours Summary: CSCO -11.1% and PANW -5.3% lower on earnings; MMS +5.5%, CPA +4.7% higher on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: MMS +5.5%, CPA +4.7%, TTEK +0.5%
Companies trading higher in after hours in reaction to news: QDEL +3.2% (weighing sale of Transfusion Medicine business, according to Bloomberg Law), ARDX +2.3% (XPHOZAH granted Orphan Drug Designation by FDA), MHO +1.9% (increases share repurchase authorization by $100 mln), WEST +1.9% (files $500 mln mixed shelf securities offering), PRMW +1.5% (names new CEO), SMRT +0.8% (names new CFO), ACGL +0.7% (files mixed shelf securities offering), HOOD +0.4% (reports October operating data)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CSCO -11.1% (saw a slowdown of new product orders in Q1), MAXN -6.2% (also MAXN and SPWR amend supply agreement and resolution of disputes), GAMB -6%, PANW -5.3%, VNET -5.1%, SQM -3.8%, SONO -0.9% (also authorizes new $200 mln share repurchase program)
Companies trading lower in after hours in reaction to news: VLD -23.8% (to delay 10-Q filing), AUGX -21% (5.5 mln stock offering), ESTC -4.3% (to acquire Opster), JNPR -3.3% (in sympathy with weak CSCO results), DRS -3.1% (files for 16.5 mln share offering by selling shareholder), CIEN -2.9% (in sympathy with weak CSCO results), SQSP -2.8% (announces secondary offering of 6 mln shares by General Atlantic), ANET -2.1% (in sympathy with weak CSCO results), AVGO -2% (in sympathy with weak CSCO results), FTNT -2% (in sympathy with weak PANW results), ZS -1.9% (in sympathy with weak PANW results), CRWD -1.5% (in sympathy with weak PANW results), DDD -1.5% (provides update on restructuring initiative), LITE -1.1% (in sympathy with weak CSCO results), CYBR -1.1% (in sympathy with weak PANW results), NET -1% (in sympathy with weak PANW results), OKTA -0.9% (in sympathy with weak PANW results), SOUN -0.5% (discloses material weakness in 10-Q), GM -0.3% (UAW deal facing opposition from longstanding employees, according to NY Times), UVE -0.2% (declares a special dividend of $0.13/sh), SPWR -0.2% (MAXN and SPWR amend supply agreement and resolution of disputes)