Rally Software Development, VAALCO Energy, TubeMogul Lead Wednesday's After-Hours Movers

Rally Software Development Corp. (NYSE: RALY) gained more than 42 percent after the bell Wednesday to $19.25 after it agreed to be bought by CA Technologies (NASDAQ: CA) for $19.50 a share, or about $480 million, net of acquired cash.

VAALCO Energy Inc. (NYSE: EGY) gained about 9 percent to $2.46 in late trading. The company, with operations in West Africa, the U.S. and elsewhere, has proven volatile of late, with shares down more than 9 percent in the past week.

Senomyx Inc. (NASDAQ: SNMX) traded up more than 4 percent after hours to $5.78 a share. The flavor ingredients supplier didn't issue recent news.

TubeMogul Inc. (NASDAQ: TUBE) rose roughly 3.5 percent to $16.10 in the extended session. The digital branding software provider didn't issue any news.

Popeyes Louisiana Kitchen Inc. (NASDAQ: PLKI) picked up nearly 2.7 percent after the bell to $59.60. The restaurant company posted first-quarter same-store sales growth of 7 percent and increased earnings guidance for fiscal 2015.

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Tilly's Inc. (NYSE: TLYS) fell 8.3 percent to $11.93 in after-hours trading. The apparel retailer said first-quarter same-store sales grew 2 percent and it forecast second-quarter comps of between a decline of 2 percent and an increase of 2 percent.

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) dipped about 2.3 percent to $18.85. The operator of casinos in Asia closed up nearly 2 percent earlier Wednesday and didn't issue any news recently.

Qualcomm Inc. (NASDAQ: QCOM) declined nearly 2 percent after the bell Wednesday to $69.66 after closing up more than 2.5 percent. Qualcomm, which didn't issue news, is under pressure from activist investor Jana Partners LLC, which wants the company to break up.

HTG Molecular Diagnostics Inc. (NASDAQ: HTGM) dropped more than 2 percent in the late session to $13.95. HTG, which went public earlier this month, closed up Wednesday by more than 3 percent.

Gogo (NASDAQ: GOGO) fell 2.2 percent in recent after-hours trading to $21.30. The company, which provides in-flight Internet services to commercial airlines, said earlier Friday that it obtained the first of two required certificates from the Federal Aviation Administration and will begin flight tests of its next-generation service.

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