Palo Alto Networks Inc (NYSE:PANW, XETRA:5AP) shares fell more than 5% in after-hours trading on Tuesday after the cybersecurity company issued profit guidance for the current quarter that came in below Wall Street expectations, despite reporting fiscal second quarter results that topped estimates.
The company posted fiscal Q2 revenue of $2.6 billion, up 15% year over year and ahead of analyst estimates of $2.58 billion.
Southwest Airlines Co (NYSE:LUV) shares jumped 7% as UBS analysts upgraded the airline to ‘Buy’ from ‘Neutral,’ citing potential earnings upside from the carrier’s planned seating and fee initiatives.
UBS raised its 12-month price target to $73 from $51, implying roughly 43% upside at their time of writing.
General Mills Inc (NYSE:GIS, XETRA:GRM) shares fell more than 7% on Tuesday after the consumer packaged goods company downwardly revised its 2026 outlook, citing weaker-than-expected consumer demand and heightened market uncertainty.
The maker of Cheerios, Yoplait, and other major brands now expects organic net sales to decline 1.5% to 2% for the full year, compared with its prior forecast of a 1% decline to 1% growth.
Activist investor Elliott Investment Management has built a more than 10% stake in Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) and plans to push for changes aimed at improving the cruise operator’s performance, according to a Wall Street Journal report.
Elliott, now among Norwegian’s largest shareholders, outlined its intentions in a letter and presentation to the company on Tuesday.
eToro Group Ltd (NASDAQ:ETRO) reported fourth quarter results that topped Wall Street expectations, sending its shares up almost 17% on Tuesday morning.
For the quarter, the trading platform posted adjusted diluted earnings per share of $0.71, ahead of the $0.64 consensus estimate.
Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) announced that it will engage with Paramount Skydance Corp (NASDAQ:PSKY) regarding a potential takeover proposal after receiving a limited seven-day waiver from Netflix, even as the company’s board reaffirmed its support for the previously announced Netflix merger.
The company said Netflix granted the waiver to allow Warner Bros. Discovery to hold discussions with Paramount Skydance through February 23 to clarify outstanding issues and allow the bidder to submit what it describes as a “best and final” offer.
Danaher Corporation (NYSE:DHR) announced it has entered into a definitive agreement to acquire Masimo Corporation (NASDAQ: MASI) in an all-cash transaction valued at approximately $9.9 billion, as the life sciences and diagnostics company looks to expand its patient monitoring capabilities.
Under the terms of the agreement, Danaher will acquire all outstanding Masimo common shares for $180 per share in cash. The deal implies an enterprise value of about $9.9 billion, including assumed indebtedness and net of acquired cash, and represents a transaction multiple of roughly 18 times estimated 2027 EBITDA, or about 15 times when including the full benefit of expected annual synergies.
OptiBiotix Health PLC (AIM:OPTI, OTCQB:OPTBF) shares rose 10% to 6.42p on Tuesday after the life sciences group said it had no current intention to sell its 5.64% stake in SkinBioTherapeutics following market uncertainty caused by recent statements from the skincare company.
OptiBiotix also said it had not sold any shares in ProBiotix Health and had no current plans to do so.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) shares rose 9% to 39.75p after the miner said Traxys North America had signed a non-binding memorandum of understanding to market graphite from its Kasiya rutile-graphite project in Malawi.
Sovereign said the MOU targeted roughly 40,000 tonnes a year of graphite concentrate in stage one, years one to five, rising to up to 80,000 tonnes a year thereafter.