After-hours movers: ZoomInfo surges, Arista Networks slumps, and more
After-Hours Stock Movers:
ZoomInfo Technologies (ZI) surged 23% after reporting fourth quarter results that topped Wall Street expectations, along with solid guidance for the first quarter and full year.
Arista Networks (NYSE:ANET) declined 7% despite beating estimates for EPS in the fourth quarter. The stock recently hit a record high.
Tripadvisor (TRIP) climbed 15% after it formed a committee of independent directors to evaluate potential deals. The Special Committee retained Centerview Partners LLC as its financial advisor in connection with its evaluation.
Avis Budget Group (NASDAQ:CAR) declined 2% after the rental car company reported revenue that misses estimates in the last quarter of 2023.
Teradata Corp. (NYSE:TDC) declined 13% after it issued full year 2024 earnings per share guidance that was well below consensus.
Lattice Semiconductor (LSCC) declined 7% after it issued guidance for first quarter revenue didn’t come close to matching expectations.
Cadence Design Systems (NASDAQ:CDNS) declined 6% despite slightly better than expected EPS in the fourth quarter. Its EPS forecast for the first quarter trailed estimates, but guidance for the full year wasn’t as bad.
By Louis Juricic
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