Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- CYBR -19.4%, (lowers Q2 sales, profit guidance primarily because deals in EMEA did not close in time), WPRT -16.5%, ATEN -16.3%, (sees Q2 results below consensus), ACIA -7.6%, JPM -1.2%, WFC -1.1%
Select CYBR peers showing weakness:
- FEYE -2.9%, PANW -2.1%, FTNT -2%, HACK -1.4%, SYMC -1.2%, IMPV -0.7%, PFPT -0.5%
Other news:
- CHKE -8.3% (obtains further extension of forbearance through July 28)
- SHLO -5% (prices 5 mln shares of common stock at $8.25 per share)
- WY -4.5% (announced effective immediately the ban of all campfires on its lands in Flathead, Lake, Lincoln, Missoula, Sanders and Ravalli counties in Western Montana due to high fire danger)
- INSY -2.3% (WSJ reporting Anthem has launched civil suit against Insys)
- ATHN -1.3% (CFO Karl Stubelis to step down; FY17 guidance reaffirmed)
Analyst comments:
- HIMX -4.9% (downgraded to Underperform at Oppenheimer; tgt $4)
- FFIV -4% (downgraded to Neutral from Overweight at Piper Jaffray)
- SNAP -2% (downgraded to Market Perform at Cowen)
- AVT -1.1% (downgraded to Underperform at BofA/Merrill)