After Hours Summary: PANW +5.2% higher on earnings, also founder retires; FN -8.4%, XP -2.3% lower on earnings; CXW +1.6% and ALG +0.1% name new CEOs
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: FLXS +18.1%, PANW +5.2% (also founder, CTO Nir Zuk retires)
Companies trading higher in after hours in reaction to news: LIDR +16.9% (signs strategic cooperation agreement with Black Sesame), IOVA +8% (Amtagvi receives Health Canada approval for advanced melanoma), SEG +8% (to sell mixed-use development project for $150.5 mln), MD +2.1% (authorizes new $250 mln share repurchase program), RGNX +2% (FDA extends review timeline of BLA for RGX-121), CXW +1.6% (names new CEO), RKLB +0.8% (scheduled to launch its next dedicated mission on Electron this weekend), CRM +0.4% (to acquire Regrello), OLO +0.2% (FTC grants early termination of HSR waiting period), ARM +0.2% (hires Amazon AI chip director to strengthen internal chip push, according to Reuters), DDD +0.2% (CFO to step down), ALG +0.1% (names new CEO)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FN -8.4%, AGRO -6.1%, XP -2.3%
Companies trading lower in after hours in reaction to news: EVH -4% ($140 mln convertible notes offering, also $40 mln concurrent share repurchase), EAF -2% (1-for-10 reverse stock split), ORIC -1.9% (names CTO), LVWR -1.3% (files for $100 mln mixed securities shelf offering), TE -1% (reassessed its presentation of amortization on certain contracts), TATT -0.3% (contract win), VALE -0.1% (gives update on dam)