After-hours movers: Palo Alto Networks, Titan Pharma, Fabrinet
After-Hours Stock Movers:
Palo Alto Networks (NASDAQ: PANW) shares were choppy after the cybersecurity firm reported strong results for its fourth quarter, along with solid guidance. Total revenue for the fiscal fourth quarter 2024 grew 12% year over year to $2.2 billion, compared with total revenue of $2 billion last year. The stock initially rose 4% but later pared most of the gains.
Titan Pharma (NASDAQ: TTNP) rose 31% after it entered a merger agreement with KE Sdn. Bhd.
Fabrinet (NYSE: FN) rose 9% after it published quarterly results and guidance that were ahead of consensus views. It was the fourth quarter in a row of record revenue.