Stocks making the biggest moves after the bell: Cisco Systems, Palo Alto Networks and more

by | Nov 15, 2023 | Financial

Check out the companies making headlines in extended trading. Cisco Systems – Shares tumbled nearly 11% after the digital communications company offered worse-than-expected guidance for the current quarter and full year. That pulled attention away from a strong report for the fiscal first quarter, with Cisco beating the consensus forecasts of analysts polled by LSEG on both lines. Palo Alto Networks – The cybersecurity stock slid 6%. Despite issuing a better-than-expected report and solid earnings guidance for the fiscal second quarter and full year, the company issued a weak forecast on billings compared to what analysts expect for the current quarter .Palo Alto also cut its guidance on the measure for the full year. Maxeon Solar Technologies – Shares slipped 7% after posting a bigger loss than expected in the third quarter. Maxeon said it lost $2.21 per share in the quarter, a staggering figure compared with the consensus per-share loss estimate of 91 cents from analysts surveyed by FactSet. The solar company beat analyst expectations for revenue in the quarter, but issued a weaker-than-anticipated revenue outlook for both the current quarter and full year. – The stock shed 5%. While, a review site of gambling services, beat expectations on both lines for the third quarter, it left its full-year expectations unchanged. The company’s adjusted earnings before interest …

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