After Hours Summary: NTGR +14.5% sharply higher on favorable FCC announcement; CLB -6.1% under pressure after guidance cut; ABVX +2.1% higher on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ABVX +2.1%
Companies trading higher in after hours in reaction to news: NTGR +14.5% (FCC announcement stating that covered list now includes foreign-made consumer routers), AAOI +3.4% (new order for 800G data center transceivers), MRP +1.9% (increases dividend), DRS +1.4% (awarded an engineering solutions contract for the Advanced Technology Support Program V), ZION +1.4% (to acquire the agency lending business from a subsidiary of Basis Investment Group), UI +1.3% (FCC announcement stating that covered list now includes foreign-made consumer routers), EL +0.5% (confirms discussions regarding a potential business combination with Puig), SLDE +0.1% (authorizes new $125 mln stock repurchase program), PANW +0.1% (launches NGTS; unveils evolution of Prisma Browser and Prisma AIRS)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CLB -6.1% (guidance), SRZN -2% (also files $200 mln mixed shelf offering)
Companies trading lower in after hours in reaction to news: OTLK -16.8% (stock offering), BATL -4.3% (stock offering by selling shareholder), APO -1.7% (restricts withdrawals from flagship private credit fund, according to FT), WT -1.6% (convertible notes offering), OIS -0.2% (CEO to retire; names new CEO and CFO), APGE -0.1% (stock offering)