After-Hours Stock Movers:
Super Micro Computer (NASDAQ:SMCI) stock climbed 7% after it reported quarterly results that easily beat estimates and issued guidance that was much better than expected.
F5 Networks (NASDAQ:FFIV) stock climbed 6.8% after beating expectations on the top and bottom line. Guidance was mixed but the application services and security company said it sees signs of stabilizing demand trends.
BigCommerce (BIGC) stock climbed 9% after it said it expects to report results that will exceed the high ends of previously provided ranges of revenue and non-GAAP operating income.
Sanmina (SANM) climbed 14% after betting consensus estimates on the top and bottom line and issuing strong guidance.
Arcus Biosciences, Inc. (NYSE:RCUS) climbed 20% after it and Gilead Sciences, Inc. (Nasdaq: NASDAQ:GILD) announced an amendment to their collaboration agreement and a separate equity investment by Gilead of $320 million in Arcus common stock at $21 per share. The equity investment and collaboration amendment enable accelerated growth of the companies’ joint development programs that span multiple indications.
By Louis Juricic