After Hours Summary: PRGS +9% following earnings/CFO/DataRPM acquisition news, COP +6% on CVE deal and $3 bln repurchase authorization... CRTN -31%, LULU -18% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: IDXG +21.6%, KGJI +12.7%, PRGS +9% (also acquires DataRPM for $30 mln; appoints Paul Jalbert, chief accounting officer, as CFO replacing Kurt Abkemeier, who will leave the company effective immediately), NLST +7.5% (ticking higher)
Companies trading higher in after hours in reaction to news: EXTR +17% (Broadcom to sell its data center center switching, routing, and analytics business to Extreme Networks for $55 mln in cash), ANTH +16.6% (announces the findings from the Extension Period of the Phase 3 SOLUTION; demonstrates comparable maintenance in key measurements of height, weight, and BMI), COP +5.7% (Cenovus Energy acquires ConocoPhillips' 50% interest in the FCCL Partnership and also purchases the majority of ConocoPhillips' Deep Basin conventional assets; COP will add $3 bln to repurchase authorization), HTGM +4.3% (rebounding from recent offering related pullback; also higher despite GlaxoSmithKline lowering active stake / disclosing the sale of 300k shares), INCR +2.4% (will replace CEB in the S&P MidCap 400), HSKA +1.8% (light volume; will replace Wintrust Financial in the SmallCap 600), CBIO +1.2% (New Enterprise Associates increases active stake)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CRTN -30.6%, LULU -17.6%, GEVO -16.2%, WOR -6.3%, SIGM -3.4%
Companies trading lower in after hours in reaction to news: TNXP -16.3% (commences common stock offering), CVE -7.6% (Cenovus Energy acquires ConocoPhillips' 50% interest in the FCCL Partnership and also purchases the majority of ConocoPhillips' Deep Basin conventional assets in Alberta and British Columbia; enters into a bought-deal financing agreement), CARA -6.2% (commences $80 mln common stock offering), OFS -2.9% (commences underwritten offering of 3,500,000 shares of common stock), CAB -2.5% (pulling back after seeing late spike on reports that it may sell its finance unit to Synovus), SA -2.5% (announces CAD$14.3 million bought deal offering of common shares and concurrent CAD$20.0 million bought deal offering of flow-through shares), UAA -0.8% (LULU sympathy)