After Hours Summary: PSTG -7%, NDSN -5% following earnings/guidance, MU +4% on buyback news and analyst day updates,After Hours Gainers:
Companies trading higher in after hours in reaction to guidance: NATI +0.6% (light volume; reaffirmed guidance)
Companies trading higher in after hours in reaction to news: NBRV +4.2% (rebounding following Monday's 17% decline), MU +3.9% (announces $10 billion share repurchase authorization), ADBE +0.8% (to acquire Magento Commerce, a market-leading commerce platform, for $1.68 billion; authorizes New $8 Billion Stock Repurchase Program), OLED +0.5% (initiated with Buy at ROTH Capital)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PSTG -7.3%, NDSN -4.7%, IGT -0.7% (also announces variable forward transaction by De Agostini S.p.A. and related registered public offering of 18 mln ordinary shares)
Companies trading lower in after hours in reaction to news: ARDX -8.8% (commenced $50 mln common stock offering and entered into $50.0 mln senior secured term loan facility), MLNT -8.2% (commences $75 mln common stock offering), CADE -5.3% (announces proposed secondary offering of 15 mln shares of common stock; files mixed securities shelf offering), SAIL -4.9% (commences public offering of 15 mln shares of its common stock by certain selling stockholders), TWOU -4.7% (names Mark Chernis as COO; announces public offering of up to $300 mln in common stock), SHOP -2.8% (following news that Adobe will acquire commerce platform Magento Commerce for $1.68 bln), CHRS -1.3% (announces public offering of $75 mln of common stock), SQ -0.7% (announces $750 million convertible notes offering)