Stocks to Watch: Horizon Therapeutics, Workday, NetApp, Crowdstrike, Wayfair
November 29 2022 - 07:37PM
Dow Jones News
By Patrick Chu
Horizon Therapeutics PLC: The Dublin, Ireland, drug developer
said it is "engaged in highly preliminary discussions with Amgen
Inc., [Johnson & Johnson's] Janssen Global Services, LLC and
Sanofi" SA, confirming an earlier Wall Street Journal report on
takeover interest. Horizon shares soared 31.4% to $103.50 in U.S.
after-hours trading on Tuesday.
Workday Inc.: The payroll and human resources enterprise cloud
app company's third-quarter revenue climbed 21% to $1.6 billion,
while subscription revenue increased 22% to $1.43 billion. It
raised its fiscal 2023 subscription revenue guidance to a range of
$5.555 billion to $5.557 billion. Shares gained 5.8% to $151.68 in
after-hours trading on Tuesday.
NetApp Inc.: The San Jose cloud-computing company guided for
adjusted earnings per share between $5.30 and $5.50 for the year,
compared with expectations of $6.76, according to FactSet. Revenue
for fiscal 2023 is expected to grow between 2% and 4%, the company
said. Shares declined 11% to $63.86 in after-hours trading on
Tuesday.
Crowdstrike Holdings Inc.: The Austin, Texas, cybersecurity
company predicted revenue of $619.1 million to $628.2 million for
the current quarter, which fell short of the $633.9 million
consensus estimate. Shares dived 18.8% to $112 in after-hours
trading.
Wayfair Inc.: The online furniture retailer reported a bump in
sales during the five-day shopping period from Thanksgiving through
Cyber Monday. Wayfair recorded a low single-digit sales increase in
the U.S. over the same period last year. Repeat customers accounted
for 73% of holiday orders for the five-day period, the company
said. Shares climbed 11% to $35.01 in after-hours trading
Tuesday.
Write to Patrick Chu at Patrick.Chu@WSJ.com
(END) Dow Jones Newswires
November 29, 2022 19:22 ET (00:22 GMT)
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