Market Overview

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


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.


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Posted-In: News After-Hours Center Movers