Stocks making the biggest moves after hours: PANW, TOL, CZR
Check out the companies making headlines in after-hours trading. Palo Alto Networks — Shares of the cybersecurity company tumbled almost 6% after Palo Alto issued a weak earnings forecast for the current quarter. The company sees adjusted earnings for the fiscal third quarter ranging from 78 cents to 80 cents per share, while the LSEG consensus sought 92 cents per share. Cadence Design Systems — The computational software company’s shares advanced nearly 4%. Cadence Design sees full-year adjusted earnings ranging from $8.05 to $8.15 per share, while the LSEG consensus called for $8.05 per share. The company also said its year-end backlog for 2025 was a record $7.8 billion, adding that it expects to recognize $3.8 billion in revenue in the next 12 months from remaining performance obligations. Caesars Entertainment — The casino operator saw shares rise more than 3%. Revenue in the fourth quarter came in at $2.92 billion, surpassing the LSEG consensus estimate of $2.89 billion. Caesars Digital adjusted EBITDA for the period came in at $85 million, compared to $20 million a year ago. Toll Brothers — Shares of the luxury homebuilder dropped nearly 1% in extended trading. Toll Brothers’ home sales revenue in the fiscal first quarter came in at $1.85 billion, in line with the LSEG consensus. Homebuilding gross margins were 24.8%, also in line with the StreetAccount consensus estimate. Devon Energy — Devon Energy dipped 1.5% after the oil and gas producer reported a slight earnings beat. The company earned 82 cents per share in its fourth quarter , on an adjusted basis, and reported revenue of $4.12 billion. Analysts polled by FactSet expected earnings of 80 cents per share and quarterly revenue of $3.87 billion, meanwhile.
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