HomeBusinessStocks making the biggest moves after hours: Cisco, Wolfspeed and more

Stocks making the biggest moves after hours: Cisco, Wolfspeed and more

A sign bearing the logo for communications and security technology giant Cisco Systems Inc is on display outside one of its offices in San Jose, California, Aug. 11, 2022.

Paresh Dave | Reuters

Check out the companies making headlines in after-hours trading:

Cisco — Shares of the network company rose more than 3% following Cisco’s fourth-quarter fiscal results. The company earned 83 cents per share excluding estimates, which was one cent higher than what analysts surveyed by Refinitiv had expected. Revenue also exceeded expectations, coming in at $13.1 billion, compared to the median estimate of $12.73 billion.

Wolfspeed – Wolfspeed shares rose 17% in late trading on Wednesday following fourth quarter fiscal results. Wolfspeed lost 2 cents per share excluding items, which was less than the 10 cents per share loss analysts surveyed by Refinitive had expected. The chip company posted revenue of $229 million, ahead of its estimate of $208 million.

Keysight Technologies — Shares of the network company rose 3% after Keysight’s third-quarter results. The company earned $2.01 per share excluding items during the period, while Wall Street analysts expected $1.79 per share, according to estimates compiled by StreetAccount.

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