Let’s check out the companies that are becoming a hot topic for after-hours trading. Palo Alto Networks — The cybersecurity company’s stock fell about 6% after Palo Alto released weak earnings guidance for the current quarter. The company expects fiscal third-quarter adjusted earnings to be between 78 cents and 80 cents per share, while the LSEG consensus was calling for 92 cents per share. Cadence Design Systems — The computational software company’s stock rose nearly 4%. Cadence Design expects full-year adjusted earnings to be in the range of $8.05 to $8.15 per share, compared to the LSEG consensus of $8.05 per share. The company also said its 2025 year-end balance was a record $7.8 billion, adding that it expected $3.8 billion in revenue over the next 12 months from its remaining performance obligations. Caesars Entertainment — The casino operator’s stock rose more than 3%. Fourth-quarter revenue was $2.92 billion, beating LSEG’s consensus estimate of $2.89 billion. Caesars Digital’s adjusted EBITDA for the period was $85 million, compared with $20 million in the prior year period. Toll Brothers — Shares of the luxury home builder fell nearly 1% in after-hours trading. Toll Brothers’ first quarter home sales revenue was $1.85 billion, in line with LSEG consensus. Home construction gross margin was 24.8%, also in line with StreetAccount consensus estimates. Devon Energy — Devon Energy fell 1.5% after the oil and gas producer reported slightly higher profits. The company earned 82 cents per share on an adjusted basis in the fourth quarter and reported revenue of $4.12 billion. Analysts polled by FactSet had expected earnings of 80 cents per share and revenue of $3.87 billion.
