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Here are some of the stocks on the move in after-hours trading on Tuesday, May 27.
Shares of Okta (OKTA) are plummeting. The identity services company reported better-than-expected Q1 results, but the guidance disappointed investors.
Box (BOX) shares were rising after raising its full-year forecast.
Motorola Solutions (MSI) announced it is acquiring Silvus Technologies for $4.4 billion.
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Quick look now, what's trending here after hours. Okta shares, they are under pressure despite topping first quarter earnings and revenue estimates. Company, however, reiterating its full year revenue outlook. Okta says it is factoring in potential risks related to the uncertain economic environment.
And shares of box, they're jumping after reporting an earnings beat for the first quarter. Box delivering double digit growth and both billings and short term perform short term remaining performance obligations.
Looking ahead, the software company is lifting its full year outlook as well as providing a better than expected second quarter forecast. And Motorola Solutions announcing it will acquire Silvus Technologies for .4.4 billion dollars in upfront consideration. The deal is comprised of about 4.38 billion in cash and $20 million in restricted stock.
The company looking at purchasing Silvus as part of its plans to expand its intelligent network footprint and powering next generation security.
