Stock Price Movement of Twitter, Netgear, and more Companies
Twitter – Stocks rose by 1%
In the extended trading, the shares prices for Twitter have experienced a 1% rise. The share prices for the social media platform experienced the rise after it was revealed that Apollo Global is interested in taking over Twitter.
According to the report, Apollo Global has also made a bid with aim of acquiring Twitter. The information was shared through the Wall Street Journal. It is currently not known whether Apollo Global is after an independent acquisition of Twitter or if it is bidding on behalf of Elon Musk. Apollo Global may be assisting another company in the bidding process for the acquisition of Twitter.
The sources have revealed that financing is expected to be provided by Apollo Global to the benefiter once the bid is successful.
Netgear – Stocks fell by 10%
The share price for Netgear has experienced an alarming dip in premarket trading. The share prices for the tech company ended up experiencing a 10% dip after it shared its earnings for the first quarter of 2022.
The company announced that the earnings it generated in the first quarter of 2022 were lower than the estimations made by the analysts at StreetAccount.
The executives at Netgear revealed that they have been recording a very low demand from the US consumer market for WiFi-related devices. So far, the demand has been low in the first quarter of 2022.
Netgear executives also revealed that they have also continued facing supply chain issues for the WiFi-related products due to the ongoing lockdowns in China due to COVID-19.
Super Micro Computer – Stocks Surged by 13%
The share prices for Super Micro Computer experienced a significant surge in premarket trading. The data shows that the share prices for Super Micro Computer experienced a 13% surge. The share prices for the information technology company experienced a surge after its executives upgraded its outlook for the running quarter.
Super Micro Computer executives revealed they have recorded high demand for their services in recent quarters. Therefore, they are confident that the demand may continue growing in the upcoming months. As a result, they are expecting a great surge in their revenues and earnings.
J.B. Hunt Transportation Services – Stocks Surged by 1%
The share prices for J.B. Hunt Transportation have experienced a 1% surge in the premarket trading. The share prices for the shipping company experienced a surge after it shared its earnings report for the first quarter of 2022.
For the respective quarter, J.B. Hunt Transportation Services revealed it generated earnings worth $2.29 per share. The revenue managed to generate for the same quarter was worth $3.49 billion.
On the other hand, the analysts had predicted that the shipping company would be able to generate earnings worth $1.94 per share. As for the revenue, it was estimated to be $3.29 billion by the analysts at Refinitiv.