Tuesday Pre-Market Look: Stocks In The News Before The Open

Facebook (FB) was upgraded to ‘Buy’ from ‘Hold’ at First Shanghai Securities Ltd with a price target of $135.

FireEye (FEYE) fell 5% in pre-market trading after it was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs.

Sina Corp. (SINA) rose over 2% in after-hours trading after it reported Q3 adjusted EPS of 24 cents, better than consensus of 20 cents, and then said it sees Q4 net revenue of $205 million-$210 million, above consensus of $196.8 million.

Palo Alto Networks (PANW) plunged 11% in pre-market trading after it reported Q1 revenue of $398.1 million, weaker than consensus of $400.1 million, and then forecast Q2 revenue of $426 million-$432 million, below consensus of $439.1 million.

Dycom Industries (DY) tanked 10% in after-hours trading after it reported Q1 contract revenue of $799.2 million, below consensus of $801.2 million, and said it sees Q2 adjusted EPS of 61 cents-73 cents, at the low end of consensus of 71 cents.

Enanta Pharmaceuticals (ENTA) rose 3% in after-hours trading after it reported a Q4 loss of -9 cents per share, a narrower loss than consensus of -14 cents.

Jack in the Box (JACK) slid over 2% in after-hours trading after it lowered guidance on full-year operating EPS to $4.55-$4.75, below consensus of $4.75.

Bright Horizons Family Solutions (BFAM) slipped nearly 2% in after-hours trading after it announced a secondary offering of 2.0 million shares of common stock.

Whiting Petroleum (WLL) rose over 3% in pre-market trading after it said it will sell 50% of its stake in the Robinson Lake natgas processing plant along with a 50% stake in the Belfield natgas plant to Tesoro Logistics Rockies LLC for $700 million.

Hudson Pacific Properties (HPP) lost over 1% in after-hours trading after it announced an underwritten offering of 18.7 million shares

Pennant Park Investment Corp. (PNNT) lost 7% in after-hours trading after it said Q4 net investment income was 21 cents a share, weaker than consensus of 26 cents a share and then it will cut its quarterly dividend to 18 cents per share from 28 cents per share,

Star Bulk Carriers (SBLK) jumped 9% in after-hours trading after it reported Q3 revenue of $59.9 million, higher than consensus of $43.1 million.

Campbell Soup (CPB) — The company best known for soup earned an adjusted $1.00 per share for its latest quarter, five cents a share above estimates. Revenue was also above forecasts. The company said it is optimistic about 2017 given improving trends in the U.S. and other factors.

Dr Pepper Snapple (DPS) — The beverage maker announced a deal to buy privately held Bai Brands for $1.7 billion, including a tax benefit of approximately $400 million. Bai is a maker of antioxidant-infused beverages.

KKR & Co. (KKR) — The private-equity firm is buying Japanese auto parts maker Calsonic from Nissan Motors and its partners for $4.5 billion. Reuters reports that KKR beat out rival private-equity firms Bain and MBK in the bidding.

Medtronic (MDT) — The medical equipment maker earned an adjusted $1.12 per share for its latest quarter, one cent a share above estimates. Revenue came in below forecasts. Medtronic also cut its full-year forecast, as customers delay purchases ahead of new products entering the marketplace.

DSW (DSW) — The shoe retailer came in two cents a share above estimates, with adjusted quarterly profit of 51 cents per share. Revenue was below forecasts, and a comparable-store sales decline of 2.0 percent was larger than the consensus estimate of a 0.6 percent drop. The company does say that better inventory control and tighter expense management will lead to better results going forward.

Source: BarChart, FoxBusiness, Bloomberg, CNBC, Nasdaq.com