After Hours Summary: CSCO -5.7% lower on earnings and restructuring; FSLY -22.1%, NUS -21.8%, ADPT -11.2%, TWLO -10.9% also lower on earnings; FROG +16.9%, INFA +14.8%, APP +14.1%, TRIP +7.4% higher on earnings;
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: FROG +16.9%, INFA +14.8%, APP +14.1% (also increases share repurchase authorization by $1.25 bln), PEGA +14%, ATUS +12.5%, AMWL +8.1%, TRIP +7.4%, PGRE +5.1%, SUM +5%, UPWK +5%, AR +3.7%, PLMR +2.9%, NTST +2%, AM +1.6% (also authorizes new $500 mln share repurchase program), CF +1.1%, CW +1%, AWK +0.9%, EQIX +0.9%, HUBS +0.8%, MSA +0.4%, HL +0.3%, IRT +0.1%, KAI +0.1%, OXY +0.1% (also increases dividend), WH +0.1% (also increases dividend)
Companies trading higher in after hours in reaction to news: SOUN +41% (NVDA discloses stake in SOUN), KALV +9.1% (stock offering), "SIRI +1.7% ( Berkshire Hathaway increases stake)," IWN +0.5% (Starboard Value discloses increased position), CSX +0.4% (increases dividend), AGYS +0.4% (stock offering by selling shareholders), MSFT +0.3% (OpenAI to develop web search product to challenge GOOG, according to The Information), CPA +0.3% (reports Jan traffic data), SSNC +0.2% (signs long-term agreement with DDH Graham), FTRE +0.1% (Starboard Value discloses new position)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FSLY -22.1%, NUS -21.8% (also lowers dividend), ADPT -11.2%, TWLO -10.9%, UDMY -10.8% (also authorizes new $100 mln share repurchase program), HLF -9.8%, MTW -8.3%, NRDS -8.2%, ROL -7.4%, CSCO -5.7% (also announces restructuring plan; will impact 5% of workforce; also increases dividend), HCC -5.4%, ALB -4.8%, TYL -3.6%, NMIH -2.9%, QS -2.2% (also names new CEO), VTR -2%, PTEN -1.3%, ET -0.9%, KGC -0.1%, VECO -0.1%
Companies trading lower in after hours in reaction to news: PRME -6.8% ($125 mln stock offering), GOOG -1.9% (OpenAI to develop web search product to challenge GOOG, according to The Information), HHH -1.8% (Bill Ackmann increases stake), BVN -0.9% (Q4 production and volume results), DHI -0.5% (Berkshire Hathaway exits position), MKL -0.4% (Berkshire Hathaway exits position), HUM -0.4% (Starboard Value discloses increased position), CMG -0.4% (Bill Ackmann lowers stake), ASTL -0.3% (resumes normal steel production), JBGS -0.2% (increases dividend), STNE -0.1% (Berkshire Hathaway exits position), DINO -0.1% (increases dividend)