Stocks to Watch: Oracle, Frequency Electronics, CPI Card Group, Zumiez
Dow Jones
3 hours ago
Oracle posted sharply higher profit and revenue in its latest quarter, with sales from its cloud infrastructure business more than doubling. Shares rose 3.6%, to $158.37, in after-hours trading Thursday.
Frequency Electronics said profit and revenue rose in its fiscal first quarter, putting it on track to meet its long-term financial guidance. The stock jumped 27%, to $79.01, after the bell.
CPI Card Group disclosed that certain shareholders of the payments company commenced an underwritten secondary offering of its common stock. Shares lose 15%, to $22.80.
Zumiez widened its loss and logged lower sales in the latest quarter, as the apparel retailer faced continued softness in the U.S. The stock shed 17% of its value, to $13.93.
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