Investing

Tuesday After-Hours Stocks on the Move

Earnings season has wound down for the most part, and Tuesday’s market reaction saw a drop of just over 1 point on the S&P 500 (closed at 2,002.28) and the Dow closed down almost 31 points (at 17,067.56). We do have seven after-hours stocks on the move that had genuine moves seen after the close of trading. 24/7 Wall St. has offered a quick-hit news summary on each, along with trading activity and color from the after-hours trading session after the closing bell.

CDW Corporation (NASDAQ: CDW) has taken a little stumble in Tuesday’s after-hours. This comes on the heels of its announcement for a public offering for 15 million shares. Barclays is the only underwriter for this offering. Apparently the initial reaction to this by investors is negative because the price has fallen to $31.75 down 4.19% from the closing price of $33.14. The consensus analyst price target is $35.00.

Concur Technologies, Inc. (NASDAQ: CNQR) announced in the after-hours that it is looking to make a sale. It has already approached SAP SE and Oracle but nothing has been said by either, each declining to comment. Concur’s market cap is valued at $5.7 billion but as of recent has not been profitable despite revenue estimates on the year –ending in September—of $691.6 million. We have seen the stock take a large uptick in the after-hours following this announcement and investors seem to be taking the bait too. The stock recently has traded at $112.91 which is 11.85% up from Tuesday’s closing price of $100.95.

Depomed Inc. (NASDAQ: DEPO) saw its shares sell off after it announced an offering of $230 million worth of convertible senior notes due out ion the year 2021. The stock closed lower by 4-cents at 415.31 on Tuesday, but the after-hours reaction was down over 4% with a $14.61 last print. These may change tomorrow as some offerings do not hurt as bad as they first seem, but the company’s market cap is just under $900 million.

Flextronics International Ltd. (NASDAQ: FLEX) recently received shareholder approval to purchase 20% of its outstanding shares. The total amount that the company will be purchasing is $500 million. This news has bumped the share price slightly higher in the after-hours where it has recently traded at $11.50 marking an increase of 3.6% from the close at $11.10. Over the course of the last four years Flextronics has purchased approximately $1.7 billion of its shares. The consensus analyst price target is $12.28.

Guidewire Software, Inc. (NYSE: GWRE) saw its stock trade up in the after-hours today in light of its fourth quarter earnings report that it released after the market closed. The company posted its fourth quarter revenue at $118.2 million which was 22% more than the same period last year. Guidewire has traded at $49.70 in the after-hours which is up 8.5% from the close $45.82. The consensus analyst price target is $52.83.

Helen of Troy Limited (NASDAQ: HELE)  was smacked down by over 9% in the after-hours session after the company issued an update for its fiscal year. The main target you can tell is lower is simple to see – Cash EPS excluding Healthy Directions is now expected to be in the range of $4.55 to $4.65; the prior Cash EPS outlook was $5.15 to $5.25… Its stock was down over 9% under $54 after closing at $59.15.

Tetraphase Pharmaceuticals, Inc. (NASDAQ: TTPH) saw its shares rise after announcing positive oral dosing data from its Phase III trial of its treatment of complicated urinary tract infections. This stock closed down a penny on the day but shares were up 7% at $14.00 on last look. This stock is also not usually very active and has only a $340 million market cap with a 52-week range of $8.01 to $17.74.

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