After-Hours Stock Movers: Hologic, Avis Gain on Results; Goodyear Falls

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Johnson's Return to the Helm at Herbalife (HLF) Seen as Bullish

November 1, 2022 11:42 AM EDT

Herbalife Nutrition (NYSE: HLF) shares are little changed following third-quarter results, withdrawn guidance, and news that former Chairman and CEO, Michael O. Johnson, is back as Chairman and interim CEO. A new CEO is expected to be announced next year.

Herbalife reported an adjusted... More

Arista Networks (ANET) PT Raised to $160 at Rosenblatt

November 1, 2022 7:20 AM EDT

Rosenblatt analyst Mike Genovese raised the price target on Arista Networks (NYSE: ANET) to $160.00 (from $155.00) while maintaining a Buy rating.

The analyst commented, "Arista posted strong 3Q22 results with good 4Q22 guidance. Revenues of $1.18bn, up 57% y/y and 12% q/q, came in $126mn or 12% above our estimate. Half the upside was driven by better product shipments and half was driven by a reduction in deferred revenues as customer acceptance criteria on new products shipped in prior quarters were met. The 4Q22 revenue guidance of $1.175bn-$1.20bn does not include deferred revenue... More

Varonis Systems (VRNS) PT Lowered to $26 at Needham & Company

November 1, 2022 7:15 AM EDT

Needham & Company analyst Alex Henderson lowered the price target on Varonis Systems (NASDAQ: VRNS) to $26.00 (from $32.00) while maintaining a Buy rating following results.

The analyst commented, "Varonis shares are down 33% pre-market post their CY3Q print and sharply lowered CY4Q and... More