Movers & Shakers: F5 stock surges as earnings top estimates, Goldman shares slip on downgrade and other stocks on the move.

by | Jul 25, 2023 | Stock Market

Here are some of the biggest movers of Tuesday, ahead of a big slate of earnings reports. Stock gainers: Shares of F5 Inc.rallied 12% after the cloud security company beat Street estimates for the quarter.

NXP Semiconductors NV shares
rose 2% after the chip maker — which gets more than half its sales from auto makers — topped Wall Street expectations ahead of a Tuesday conference call with analysts at 8 a.m. Eastern. NXP’s results come just before the earnings of another big auto supplier, Texas Instruments Inc.
which reports Tuesday after the close of markets. Stock decliners: Cadence Design Inc. stock
dropped as much as 4% after the company raised its outlook for the year, but its forecast for the current quarter fell short of expectations. Goldman Sachs shares
slipped 1% as analysts at Citi downgraded the stock to neutral from buy. Tupperware Brands Corp.
shares gave back some of their gains late Monday, off 6% in the extended session after ending 75% higher in the regular session, their best day on record.

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