In company news, Tenable Holdings (TENB) dropped over 9% after the cyber-security company disclosed plans for a secondary offering of 8 million of its common shares now owned by entities affiliated with Insight Partners. The selling shareholders also are expecting to provide underwriters with a 30-day option to buy up to 1.2 million additional shares to cover possible overallotments.
Mimecast (MIME) was edging 1.3% higher Thursday, reversing a nearly 3% decline that followed the data-security firm announcing its purchase of privately held eTorch, a messaging security company doing business as MessageControl. Financial details of the deal were not disclosed and Mimecast said it does not expect the acquisition will have a material impact on its FY21 revenue or adjusted earnings before interest, taxes, depreciation and amoritization.
Among gainers, Sanmina (SANM) rose more than 15% after late Wednesday reporting non-GAAP net income of $0.86 during its fiscal Q3 ended June 27, improving on an $0.82 per share adjusted profit during the same quarter last year and beating the Capital IQ consensus expecting the electronic components manufacturer to earn $0.34 per share, excluding one-time items. Revenue fell 18.7% year-over-year to $1.65 billion but also topped the $1.57 billion analyst mean. It also projected Q4 results exceeding Street views.
Qualcomm (QCOM) also added almost 15% in value after it reported non-GAAP net income of $0.86 per share during its fiscal Q3 ended June 28, up from $0.80 per share during the year-ago period and exceeding the Street view expecting a $0.71 per share adjusted profit.
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