Virtusa, Ocean Rig, magicJack Lead Monday's After-Hours Movers


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magicJack VocalTec Ltd (NASDAQ: CALL) picked up 10 percent to $7.79 after the bell. The Israel-based Voice over IP technology and services company said first-quarter net income and revenue fell sharply, but that free cash flow will be strong during the remainder of 2015.

Virtusa Corporation (NASDAQ: VRTU) gained 7 percent to $43.83 in late trading after the company offered an outlook and said fourth-quarter revenue grew about 13 percent.

Ocean Rig UDW Inc (NASDAQ: ORIG) rose more than 6 percent to $8.24. The company swung to net income for the first quarter and said its cost cutting is bearing fruit.

Noranda Aluminum Holding Corporation (NYSE: NOR) plunged 22 percent to $2.35 in late trading after the company announced a secondary offering of 22.8 million shares by Apollo Global Management, which will sell its entire 33 percent stake.

NewLink Genetics Corp (NASDAQ: NLNK) lost 17 percent after hours, trading at $43.30. NewLink said it won't modify a Phase III study of its algenpantucel-L for patients with surgically resected pancreatic cancer following its second interim data analysis.

LivePerson, Inc. (NASDAQ: LPSN) fell 17 percent to $7.76 in late trading. The customer relations services company posted quarterly results.

Rackspace Hosting, Inc. (NYSE: RAX) lost 12 percent in the extended session, trading at $46.66. The cloud computing company posted first-quarter results.

Impax Laboratories Inc (NASDAQ: IPXL) declined 8 percent to $42.50. The company posted a 21 percent increase in first-quarter revenue and said the Food and Drug Administration will defer classification of Impax's Hayward, California, manufacturing facility until Impax's responses concerning a recent inspection are reviewed.

Depomed Inc (NASDAQ: DEPO) dipped 6 percent after hours to $22.85. The specialty pharmaceutical company's first quarter net loss widened to $0.13 cents a share, from $0.01 cent a year earlier.

Gap Inc (NYSE: GPS) lost more than 2 percent to $39.02 in late trading. The retailer said April same-store sales were off 12 percent and total first-quarter sales fell 3 percent to $3.66 billion.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsAfter-Hours CenterMovers