Company News for Dec 8, 2023

In this article:
  • Ciena Corporation (CIEN) shares rose 1.2% after the company reported fourth-quarter earnings of 75 cents per share, beating the Zacks Consensus Estimate of 68 cents.

  • Merck & Co., Inc. (MRK) shares fell 1.7% due to the failure of its immunotherapy combination in a lung cancer study.

  • Verint Systems Inc. (VRNT) shares jumped 19% after the company reported third-quarter revenues of $218.5 million, outpacing the Zacks Consensus Estimate of $216.3 million.

  • Shares of Oxford Industries, Inc. (OXM) gained 3.9% after the company reported third-quarter 2023 revenues of $326.63 million, surpassing the Zacks Consensus Estimate of $325.7 million.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Merck & Co., Inc. (MRK) : Free Stock Analysis Report

Ciena Corporation (CIEN) : Free Stock Analysis Report

Oxford Industries, Inc. (OXM) : Free Stock Analysis Report

Verint Systems Inc. (VRNT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Advertisement