After-Hours Stock Movers:

Cisco Systems (NASDAQ: CSCO) declined 5% after it lowered its EPS and revenue guidance for the year. It also announced plan to reduce its workforce by 5%.

Twilio (NYSE: TWLO) declined 9% despite publishing better than expected fourth quarter results. Weakness following guidance for the first quarter that trailed estimates.

AppLovin (NASDAQ: APP) climbed 11% after it reported strong fourth quarter results and raised guidance.

Fastly, Inc. (NYSE: FSLY) declined 20% after reporting fourth quarter revenue that fell short of expectations.

SoundHound AI (NASDAQ: SOUN) surged 40% after an SEC filing from NVIDIA (NASDAQ: NVDA) showed a 1.73 million share stake.

JFrog Ltd. (NASDAQ: FROG) gained 14% after it beat estimates on the top and bottom line.

By Louis Juricic