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Company News for Aug 22, 2023

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  • Shares of Palo Alto Networks, Inc. ((PANW - Free Report) ) 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 () surged 16.7% after Permian Resources Corporation ((PR - Free Report) ) agreed to buy the company for $4.5 billion in an all-stock deal, including debt.
  • Shares of Nikola Corporation ((NKLA - Free Report) ) 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 - Free Report) ) 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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Palo Alto Networks, Inc. (PANW) - free report >>

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Permian Resources Corporation (PR) - free report >>

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