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Shares of Cisco Systems, Inc. (NASDAQ: CSCO) are up approximately 3 percent in Wednesday’s after-hours trading, following the company’s fourth fiscal quarter earnings report.
Earnings came in at $0.59 per share on revenue of $12.843 billion, above the Street’s consensus estimate of $0.56 per share and $12.663 billion, also surpassing the crowd’s estimate of $0.57 per share and $12.685 billion.
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Eleven Biotherapeutics Inc (NASDAQ: EBIO), which rose 74.79 percent during the day, continues to surge after the bell, and is up already an extra 4.4 percent. The spike was triggered by the announcement of “dose administration for the first patients in a Phase 3 study of EBI-005 for the treatment of moderate to severe allergic conjunctivitis” (BusinessWire).
Avid Technology, Inc. (NASDAQ: AVID) is down almost 10 percent in after-hours. The stock has experienced plenty of volatility over the past couple of days: on Wednesday, it surged 10.7 percent, recuperating from Tuesday’s 28.95 percent tumble, which followed a disappointing second quarter earnings report.
Vermilion Energy Inc (NYSE: VET) is also down, roughly 3.5 percent, on –apparently- no particular news, but rather going back over the ground gained during the day – the stock was up 3.32 percent over the trading session after the company reported its quarterly results on Tuesday.
Other stocks moving on Wednesday’s after hours include:
- Solaredge Technologies Inc (NASDAQ: SEDG), up about 5.6 percent on an earnings beat
- Nu Skin Enterprises, Inc. (NYSE: NUS), up more than 6.3 percent
- Sunedison Inc (NYSE: SUNE), up 5.3 percent after having entered a joint venture with Dominion Resources, Inc. (NYSE: D)
- TerraForm Global Inc (NASDAQ: GLBL), down 12.6 percent, probably reacting to Sunedison’s joint venture
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.