Gapping down
In reaction to disappointing earnings/guidance:
- AMBA -11.4%, NEPT -3.6%, OLLI -3.1%, CSV -2.2%, (ticking lower; announces balance sheet recapitalization; guides EPS and revenue), GWRE -1.2%, YY -0.8%, FAST -0.5%, (May comps)
Other news:
- IMGN -5% (announces proposed public offering of 12 mln shares of common stock)
- TWTR -2% (to offer $1 bln aggregate principal amount of convertible senior notes due in 2024 in a private placement)
- MDGL -1.4% (files mixed securities shelf offering; commences proposed public offering of $200 mln of common stock; in addition, 363,625 shares are being offered by selling shareholders)
- NXPI -1.1% (after seeing late spike higher on reports of ZTE deal lifting sanctions -- seen as improved chances of Chinese approval for acquisition by Qualcomm)
Analyst comments:
- M -0.5% (downgraded to Neutral from Overweight at Atlantic Equities)
- PRGO -0.5% (downgraded to Equal Weight from Overweight at Barclays)
- TRMB -1.5% (removed from Conviction Buy List at Goldman; remains Buy rated)
- YELP -2% (downgraded to Sector Weight from Overweight at KeyBanc Capital Mkts)
- FSLR -2.7% (downgraded to Mkt Perform from Mkt Outperform at JMP Securities)
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