Stocks with the biggest gains after hours: PANW, SEDG, FANG | Private Equity Weekly
Check out the companies making headlines after the bell. Palo Alto Networks – Shares of Palo Alto Networks fell nearly 19% after the cybersecurity company’s full-year guidance missed expectations. Palo Alto Networks said it expects full-year revenue to grow 15% to 16%, lower than its previous growth forecast of 18% to 19%. The company also lowered its full-year revenue forecast. Meanwhile, fiscal second-quarter adjusted profit and revenue beat analysts’ expectations. Diamondback Energy — The energy company’s fourth-quarter revenue and profit beat estimates, sending its shares up 1.6%. Diamondback reported adjusted earnings of $4.74 per share on revenue of $2.23 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $4.66 per share on revenue of $2.17 billion. Caesars Entertainment — The hotel and resort stock fell more than 1% after revenue fell short of expectations last quarter. Caesars reported revenue of $2.83 billion, while analysts expected $2.85 billion, according to LSEG. SolarEdge Technologies — Shares fell 9% after the solar company reported a mixed fourth-quarter report. SolarEdge posted an adjusted loss of 92 cents per share, below expectations (on an LSEG basis), while analysts forecast a loss of $1.17 per share. Meanwhile, revenue of $316 million fell short of Wall Street expectations of $354 million. Quarterly revenue fell 56% year-over-year. First-quarter revenue guidance also fell short of expectations. Teladoc — Shares of Teladoc fell 16% after the virtual health care company reported lower-than-expected revenue and weak forward guidance. Teladoc reported revenue of $661 million, compared with expectations of $671 million, according to analysts polled by LSEG. The company did post a loss of 17 cents per share, worse than expected, with analysts forecasting a loss of 21 cents per share. Teladoc forecast first-quarter revenue of $630 million to $645 million, below the $673 million forecast by LSEG analysts. Toll Brothers — Shares of Toll Brothers rose more than 3% in after-hours trading after the homebuilder reported better-than-expected profits. Toll Brothers reported fiscal first-quarter earnings of $2.25 per share, beating estimates of $1.78 per share, according to LSEG. Revenue of $1.93 billion also beat expectations. CoStar Group — Real Estate Market shares fell 7% after the company issued weaker-than-expected guidance for the quarter. CoStar expects first-quarter earnings of 6 to 7 cents per share on revenue of $645 million to $650 million. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 29 cents per share on revenue of $653 million. Full-year guidance was also weaker than expected, overshadowing fourth-quarter revenue and net income. —CNBC’s Li Yun and Alex Harlin contributed reporting
