After Hours Summary: SNOW -23.2%, VEEV -10.2%, AEO -8.2%, OKTA -5.5% lower on earnings; PSTG +10.9%, CHPT +7.4%, BOX +6%, ZUO +5.3% higher on earnings; CDR +9.2% higher on deal to sell itselfAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: IOT +14.7%, PSTG +10.9%, RELY +10.1%, GSM +9.3%, SGFY +8.1%, CHPT +7.4%, BOX +6%, PLAN +5.9%, ZUO +5.3% (also announces $400 mln strategic investment from Silver Lake), FLYW +4.7%, JXN +4.4% (also increases share repurchase authorization by $300 mln, increases dividend by 10%), VLD +3.1%, NTNX +3%, CPNG +2.6%, SPLK +1.6% (also names Gary Steele as CEO), VSCO +1.4%
Companies trading higher in after hours in reaction to news: RMNI +12.6% (files for $200 mln mixed securities shelf offering; also files for offering by selling shareholders; also authorizes $15 mln stock repurchase plan; also reports earnings), CDR +9.2% (co to sell itself and its assets in a series of related all-cash transactions valued at more than $29/sh), MRAM +6.8% (names new CEO), MDRX +2.4% (to sell net assets of Allscripts Hospitals and Large Physician Practices business segment), MGM +1.2% (authorizes new $2 bln share repurchase program), SUM +0.5% (authorizes new $250 mln share repurchase program), SWK +0.5% (announces $2 bln accelerated share repurchase program to be completed in 2Q22), NDAQ +0.4% (reports February 2022 metrics), AAN +0.1% (increases share repurchase program to $250 mln from the original $150 mln), TNL +0.1% (increases dividend)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SNOW -23.2% (also to acquire Streamlit), WEAV -17.4%, RSI -10.9%, VEEV -10.2%, HEAR -8.7%, AEO -8.2%, ASND -7.8% (also provides business update), OKTA -5.5%, KIDS -5.2%, AI -4.6%
Companies trading lower in after hours in reaction to news: NCNA -58.5% (announces discontinuation of NuTide:121 study), KREF -3.8% (stock offering), SAFE -3.6% (commences public offering of 1.75 mln shares; announces concurrent private placement), PLNT -1.1% (stock offering), AMRX -0.2% (files mixed securities shelf offering), BA -0.2% (awarded $500 mln Navy contract), PD -0.1% (to acquire Catalytic)