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After-Hours Stock Movers 04/13: (AIRG) (VERU) (PLX) Higher; (CMBM) (RENT) Lower (more...)

April 13, 2022 5:52 PM

After-Hours Stock Movers:

Cambium Networks (NASDAQ: CMBM) 15% LOWER; now expects GAAP revenues of between $61-$63 million compared to the previous outlook of $77.5-$81.5 million for Q1. In addition, CFO Stephen Cumming resigned.

Airgain, Inc. (NASDAQ: AIRG) 14% HIGHER; a major US-based water utility company has selected AirgainConnect® AC-HPUE™ to improve the connectivity of its fleet. This is a multi-million dollar contract.

Veru, Inc. (NASDAQ: VERU) 14% HIGHER; adds to intra-day gains of 43%.

Protalix BioTherapeutics (NYSE: PLX) 11% HIGHER; CEO buys $100K in stock.

Rent the Runway (NASDAQ: RENT) 5% LOWER; posted Q4 EPS of ($0.62), versus ($3.48) reported last year. Revenue for the quarter came in at $64.1 million, versus $33.5 million reported last year. Rent the Runway sees FY2022 revenue of $295-305 million.

IBM (NYSE: IBM) 2% HIGHER; Morgan Stanley upgraded the stock to Overweight with a price target of $150, calling it a "defensive play".

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