After Hours Summary: OKTA +15%, FIVE +9%, MRVL +7%, PANW +6%, FNSR / DOMO / AVGO +4% are all higher following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance/SSS: OKTA +15.2%, FIVE +9.3%, MCFT +9%, NX +8.6% (also doubles quarterly dividend to $0.08/sh; authorizes a $60 mln share repurchase plan), MRVL +6.9%, PANW +6%, FNSR +4.1%, DOMO +3.6%, AVGO +3.7%, COST +0.8% (reports Aug comps of +9.2%, core +8% vs +7.3%/core +2% year ago and +8.3%/core +6.4% last month)
Companies trading higher in after hours in reaction to news: OCUL +4.5% (initiated with Overweight at Piper Jaffray), MAT +3.7% (announces creation of Mattel Films, a new theatrical film division), MNLO +2.9% (Overweight rating and $25 price target at Cantor), NUE +2.7% (approved the repurchase of up to $2 bln of common stock), TRTN +2% (ticking higher; coverage transferred and upgraded to Outperform from Mkt Perform at Keefe Bruyette), MU +1.1% (rebounding after closing nearly 10% lower on the day; also AVGO/MRVL boosting select peers), CPB +1.1% (WSJ reporting that Third Point may launch proxy battle to overthrow board), AAOI +1.1% (following FNSR results), DK +0.4% (expects to complete $100 mln repurchase plan in Q3)
Cybersecurity names are higher following Palo Alto Networks (PANW) earnings: FEYE +1.8%, HACK etf +1.2%, FTNT +1.1%, CYBR +1%
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance/SSS: EGAN -21.8%, GME -3.7% (also says it continues to conduct a comprehensive review of strategic and financial alternatives, including, but not limited to, a potential sale of the company), ZUMZ -0.3% (also reports Aug comps of +9.5% vs +7.4% year ago and +9.1% last month)
Companies trading lower in after hours in reaction to news: TLRY -3.5% (continuing to pull back after today's 11% decline), SNE -1.5% (light volume - still checking), HOME -0.6% (announces underwritten secondary public offering of 10.0 mln shares of common stock by selling shareholders), ROKU -0.6% (after closing near highs -- up 3.7% on the day), CGC -0.6% (ongoing volatility and lower despite Cramer suggesting buying today's pullback on Mad Money)
