Stock Prices of Various Companies Experience Significant Changes

One sentence summary – Several companies experienced significant changes in their stock prices, with Palo Alto Networks, Earthstone Energy, Nvidia, Xpeng, Tesla, VMware, Broadcom, Farfetch, Acushnet Holdings, Strategic Education, Ross Stores, Blue Bird, Fabrinet, AppLovin, Nordson, Macy’s, Lowe’s, Zoom Video Communications, and Emerson Electric all seeing either increases or decreases in their stock prices following various financial events, such as earnings reports, acquisitions, upgrades, and guidance announcements.

At a glance

  • Palo Alto Networks stock jumped 14.8% after surpassing earnings expectations
  • Earthstone Energy stock increased by 16.7% after announcing its acquisition by Permian Resources
  • Nvidia shares climbed 8.5% after receiving a buy rating and increased target price from HSBC
  • Napco Security Technologies stock plummeted 45% after errors were revealed in recent financial statements
  • Xpeng experienced a 9.7% jump in stock price after receiving an upgrade to buy from Bank of America

The details

In the latest stock market news, a number of companies have seen significant changes in their stock prices following various financial events.

Palo Alto Networks, a global cybersecurity leader, saw its stock jump by 14.8% after surpassing earnings expectations.

Earthstone Energy, an independent oil and gas exploration and production company, witnessed a 16.7% increase in stock price after announcing its acquisition by Permian Resources.

Shares of Nvidia, a multinational technology company, climbed 8.5% after receiving a buy rating and an increased target price from HSBC.

Napco Security Technologies, a leading manufacturer of a wide array of security products, saw its stock plummet by 45% after an audit revealed errors in recent financial statements.

Xpeng, a Chinese electric vehicle maker, experienced a 9.7% jump in stock price after receiving an upgrade to buy from Bank of America.

Tesla, the electric vehicle and clean energy company, saw its stock add 7.3% after a decline in the previous week due to price cuts in China.

VMware, a software company, and Broadcom, a designer, developer and global supplier of a broad range of semiconductor and infrastructure software products, witnessed stock increases of 4.9% and 4.8% respectively after Broadcom obtained final transaction approval for its acquisition of VMware.

Shares of Farfetch, a British-Portuguese online luxury fashion retail platform, jumped 3.8% following a significant decline in the previous trading session due to a revenue miss.

Acushnet Holdings, the golf equipment maker, added 5% after being upgraded to buy by Jefferies.

Strategic Education, a provider of post-secondary education, saw its stock rise by 3% after receiving an upgrade from Bank of America.

Ross Stores, an American chain of discount department stores, saw its stock increase by 6% after beating earnings expectations.

Blue Bird, a school bus manufacturer, saw its stock gain 4% after Bank of America initiated coverage with a buy rating.

Shares of Keysight Technologies, a leading technology company that helps enterprises, service providers and governments accelerate innovation, fell by 12% due to a weak fiscal fourth-quarter outlook.

Estee Lauder, a multinational manufacturer and marketer of prestige skincare, makeup, fragrance and hair care products, saw its stock drop 2% after issuing lower-than-expected guidance.

Nvidia stock slipped 1% ahead of its upcoming quarterly results.

Alibaba, JD.com, PDD, and Nio, all major Chinese companies, saw their stocks trade lower due to concerns about China’s economic situation.

Shares of Deere, a world leader in advanced products and services for agriculture and forestry, slid over 3% despite beating earnings and revenue expectations for the fiscal third quarter.

Fabrinet, a provider of precision optical, electro-mechanical and electronic manufacturing services, reported fiscal fourth-quarter results that exceeded analysts’ estimates, with non-GAAP earnings per share of $1.86 and revenue of $655.9 million.

Dick’s Sporting Goods, a leading omni-channel sporting goods retailer, reported an earnings miss and lowered its guidance for the year, citing an increase in retail theft.

Shares dropped nearly 20%.

AppLovin, a mobile advertising technology company, saw a 4% increase in shares after Jefferies upgraded the marketing stock to buy from hold, expecting continued market share growth.

Nordson, a producer of precision dispensing equipment, reported fiscal third-quarter revenue below expectations and lowered its earnings guidance for the year.

Shares fell 3%.

Macy’s, one of the nation’s premier retailers, beat estimates on earnings and revenue for the second quarter but issued weak guidance for the third quarter.

Shares declined about 1.6%.

Lowe’s, a home improvement company, exceeded second-quarter earnings expectations but had slightly lower revenue.

The company reaffirmed its fiscal year revenue expectations.

Zoom Video Communications, a provider of video-first unified communications, reported better-than-expected second-quarter results, with adjusted earnings per share of $1.34 and revenue of $1.14 billion.

Earnings guidance for the third quarter and full year also exceeded expectations.

Emerson Electric, a global technology and engineering company, saw its stock rise 1.6% after JPMorgan upgraded the company and raised its price target.

These developments in the stock market are subject to continuous monitoring and may change as new information emerges.

Stay tuned for further updates.

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cnbc.com
– Palo Alto Networks stock jumped 14.8% after beating earnings expectations.
– Earthstone Energy saw a 16.7% increase in stock price following the announcement of its acquisition by Permian Resources.
– Nvidia shares climbed 8.5% after receiving a buy rating and increased target price from HSBC.
– Napco Security Technologies stock plummeted 45% after an audit revealed errors in recent financial statements.
– Xpeng, a Chinese electric vehicle maker, jumped 9.7% after receiving an upgrade to buy from Bank of America.
– Tesla stock added 7.3% after experiencing a decline last week due to price cuts in China.
– VMware and Broadcom saw stock increases of 4.9% and 4.8% respectively after Broadcom obtained final transaction approval for its acquisition of VMware.
– Farfetch shares jumped 3.8% after experiencing a significant decline in the previous trading session due to a revenue miss.
– Acushnet Holdings, the golf equipment maker, added 5% after being upgraded to buy by Jefferies.
cnbc.com
– Strategic Education stock rose 3% after receiving an upgrade from Bank of America.
– Xpeng stock declined 5% after reporting a larger-than-expected loss in the second quarter.
– Ross Stores stock increased 6% after beating earnings expectations.
– Blue Bird stock gained 4% after Bank of America initiated coverage with a buy rating.
– Keysight Technologies shares fell 12% due to a weak fiscal fourth-quarter outlook.
– Estee Lauder stock dropped 2% after issuing lower-than-expected guidance.
– Nvidia stock slipped 1% ahead of its upcoming quarterly results.
– Alibaba, JD.com, PDD, and Nio stocks traded lower due to concerns about China’s economic situation.
– Deere shares slid over 3% despite beating earnings and revenue expectations for the fiscal third quarter.
cnbc.com
– Fabrinet’s fiscal fourth-quarter results exceeded analysts’ estimates, with non-GAAP earnings per share of $1.86 and revenue of $655.9 million.
– Dick’s Sporting Goods reported an earnings miss and lowered its guidance for the year, citing an increase in retail theft.
Shares dropped nearly 20%.
– AppLovin saw a 4% increase in shares after Jefferies upgraded the marketing stock to buy from hold, expecting continued market share growth.
– Nordson reported fiscal third-quarter revenue below expectations and lowered its earnings guidance for the year.
Shares fell 3%.
– Macy’s beat estimates on earnings and revenue for the second quarter but issued weak guidance for the third quarter.
Shares declined about 1.6%.
– Lowe’s exceeded second-quarter earnings expectations but had slightly lower revenue.
The company reaffirmed its fiscal year revenue expectations.
– Zoom Video Communications reported better-than-expected second-quarter results, with adjusted earnings per share of $1.34 and revenue of $1.14 billion.
Earnings guidance for the third quarter and full year also exceeded expectations.
– Emerson Electric’s stock rose 1.6% after JPMorgan upgraded the engineering company and raised its price target.
– CNBC’s Michelle Fox, Alex Harring, and Jesse Pound contributed to the reporting.

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