Welcome to Extreme Investor Network, where we bring you the latest updates on companies making headlines in after-hours trading. Today, we have some exciting news to share about key players in the market.
Cisco Systems saw a 6% surge in its stock price after reporting an earnings and revenue beat for its fiscal fourth quarter. The company also issued an optimistic forecast, which contributed to the positive momentum. Despite a decrease in revenue and earnings for the fiscal year, Cisco remains a strong contender in the networking industry.
Ulta Beauty experienced a 12% increase in its shares following Warren Buffett’s Berkshire Hathaway’s 13F regulatory filing, which revealed a new stake in the cosmetics company worth $266 million. This news signifies confidence in Ulta Beauty’s potential for growth and success in the market.
On the other hand, Snowflake faced a setback as Berkshire Hathaway entirely dissolved its stake in the cloud company in the second quarter. This move reflects a shift in investment strategy for the conglomerate, impacting Snowflake’s stock performance.
Nike, on the other hand, received a boost in its shares, climbing more than 5% after Bill Ackman’s Pershing Square revealed a new stake in the athletic apparel and sneaker company. This vote of confidence from prominent investors indicates a positive outlook for Nike’s future performance.
Lastly, Lumentum Holdings experienced a significant increase in its shares, soaring nearly 14% following a fourth-quarter earnings and revenue beat. The optical products provider exceeded analysts’ expectations, showcasing its strong performance in the market.
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