After Hours Summary: PANW +11.% following earnings/guidance (boosting cybersecurity names), PF +7% and CAG +1.3% on M&A speculation... SMTC -3%, HPE -2% following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PANW +11.3%, BOX +3%
Companies trading higher in after hours in reaction to news: NERV +16.4% (to amend its co-development and license agreement with Janssen related to MIN-202), NADL +7.6% (ticking higher; North Atlantic Drilling and Seadrill entered into a Framework Agreement with Rosneft Oil), PF +7.1% and CAG +1.3% (Reuters sources suggest Conagra interested in Pinnacle Foods takeover), TNK +10.1% (Teekay Tankers to acquire remaining shares of Tanker Investments in share-for-share merger resulting in combined total assets of $2.4 bln; expected to be immediately accretive), NIHD +5.6% (modestly rebounding after seeing notable decline in late trade; Aurelius Capital confirmed active stake lowered), MPC +1.8% (announces incremental $3 bln share repurchase authorization), KODK +1.6% (higher on light volume after the CFO disclosed the purchase of 2000 shares), BABY +0.6% (Pres/CEO disclosed purchase of 6000 shares worth more than $200K)
Cybersecurity names are higher following PANW earnings/guidance (etf HACK +1.4%): PFPT +2%, FEYE +1.6%, FTNT +1.6%, VMW +0.5%, CHKP +0.4%, CYBR +0.3%After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SMTC -3.1%, HPE -2.3%, DSGX -1.4%
Companies trading lower in after hours in reaction to news: GMS -2% (light volume; commences 5 mln common stock offering by existing stockholders, including certain affiliates of AEA Investors)