Welcome to Extreme Investor Network, where we bring you the latest news on companies making headlines in after-hours trading. Today, we are covering some major movers in the market that you need to keep an eye on.
First up, Oracle. The tech company’s shares surged nearly 9% after announcing cloud deals with Google and OpenAI. Despite posting a miss on fiscal fourth-quarter results, Oracle remains an attractive investment opportunity. With adjusted earnings of $1.63 per share on revenue of $14.29 billion, Oracle continues to be a key player in the tech industry.
Next, we have Rubrik, a cloud data management company that saw its shares rise 3% after beating first-quarter revenue expectations. With $187 million in revenue for the period, Rubrik is showing strong growth potential in the market.
Rentokil Initial, the parent company of Terminix, also saw a significant jump in its shares by nearly 7%. This was after Nelson Peltz’s Trian Partners confirmed a significant position in the pest-control giant, making it a top-10 shareholder of the company. Trian Partners aims to engage with leadership to improve shareholder value, making Rentokil Initial an exciting stock to watch.
Lastly, Paramount experienced a slight slip of 0.4% in its shares, extending late-day losses. National Amusements, owned by Paramount’s controlling shareholder Shari Redstone, halted talks with Skydance on a proposed merger with Paramount. Despite this setback, Paramount remains a key player in the entertainment industry.
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