Company News for Aug 22, 2023

Zacks Equity Research Published on August 22, 2023

Shares of Palo Alto Networks, Inc. (PANW) soared 14.8% after the company reported fourth-quarter fiscal 2023 earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.28 per share.
Earthstone Energy, Inc.’s (ESTE) surged 16.7% after Permian Resources Corporation (PR) agreed to buy the company for $4.5 billion in an all-stock deal, including debt.
Shares of Nikola Corporation (NKLA) plummeted 23% following the announcement that the company plans to conduct a registered direct offering of $325 million in senior convertible bonds.
Napco Security Technologies, Inc.’s (NSSC) shares tumbled 45% after the company revealed that an audit had identified inaccuracies in its financial statements for fiscal quarters concluding in September, December, and March.

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