Articles by Sarah Chen
CyberArk Nears Final Trading Day as Palo Alto Merger Approaches Close
CyberArk shares advanced after Nasdaq indicated its acquisition by Palo Alto Networks is scheduled to conclude before market open on February 11, with trading suspension to follow.
Salesforce Gains After Hours Amid Heroku Strategy Shift and Earnings Focus
Salesforce shares advanced 1.5% in extended trading as the company's Heroku platform shifts to a sustaining engineering model. Investors await quarterly results due February 25.
Western Digital Gains After Bond Redemption, Focus Shifts to Buybacks and AI Demand
Western Digital shares advanced in after-hours trading following the early redemption of its 2026 senior notes, as the company emphasizes balance sheet management and shareholder returns.
CoreWeave Shares Surge 7.6% Amid Tech Rally, Legal and Earnings Focus
CoreWeave's stock climbed 7.6% to $96.79, buoyed by a broader tech sector advance. Investors are eyeing the company's upcoming earnings report and a securities class action with a March 13 deadline.
Palo Alto Networks Gains on Impending CyberArk Deal Closure, Q2 Results Loom
Palo Alto Networks shares advanced 4.2% as its $25 billion acquisition of CyberArk nears completion, with the deal tentatively set to close before the market opens on February 11. Investors are also looking ahead to the company's fiscal second-quarter earnings report on February 17.
Eli Lilly Shares Dip Following $2.4 Billion Orna Therapeutics Acquisition Announcement
Eli Lilly shares declined 1.3% in after-hours trading after announcing a $2.4 billion acquisition of Orna Therapeutics. Investors are monitoring the deal's impact on Lilly's pipeline and upcoming regulatory decisions.
Bitcoin Hovers Near $70K Amid Slowing Fund Outflows, Regulatory Concerns
Bitcoin declined 0.6% to $70,306 as digital asset fund withdrawals slowed to $187 million last week. South Korea's regulator called for stricter crypto oversight following a $40 billion exchange error.
XRP Gains on Ripple Custody Expansion as Market Awaits U.S. Inflation Data
XRP edged higher following Ripple's new custody partnerships, though it remains down over 10% for the week. Traders are eyeing upcoming U.S. CPI data for direction.
Palantir Shares Surge After Hours on Analyst Upgrade, Sector Eyes Data
Palantir Technologies stock rose over 5% in extended trading after Morningstar raised its fair value estimate to $150, citing strong guidance. The move comes amid volatility in software stocks ahead of key U.S. economic data.
Lumentum Shares Extend Rally on AI Infrastructure Demand
Lumentum Holdings surged nearly 5% Monday, leading a broader optics and networking stock rally. The move follows strong quarterly results and an upbeat outlook tied to data center expansion for artificial intelligence workloads.