Equities

Tech Stocks Mixed: Coursera Dips, NXP Rises Post-Earnings

Coursera and Chegg face downturns, while NXP Semiconductors shines post-earnings; McDonald's and dividend stocks in focus amid market shifts.

By Bill Bullington

4/29, 19:26 EDT
F5, Inc.
McDonald's Corporation
NXP Semiconductors N.V.
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Coursera and Chegg Struggle, F5 Networks Weak Forecast, NXP Semiconductors Rise After Earnings

After-hours Stock Action

Coursera (COUR): All-Time Low Looming

  • Disappointing Guidance: Shares down nearly 12% in extended trading after issuing weak revenue guidance.
  • Year-to-Date Performance: Already fallen almost 40% YTD, on track to open at or near an all-time low on Tuesday.

Chegg (CHGG): CEO Change and Stock Decline

  • Leadership Shift: Named a new CEO alongside stock tumble of more than 4% after hours.
  • Yearly Decline: Stock has fallen more than 36% since the beginning of the year.

F5 Networks (FFIV): Revenue Concerns Overshadow Earnings Beat

  • Negative Outlook: Weaker-than-expected revenue and earnings guidance for the current quarter leading to negative territory post-bell.
  • Past Performance Comparison: Up around 35% in the past twelve months, similar to SentinelOne but lagging behind CyberArk.

NXP Semiconductors (NXPI): Positive Earnings Boost

  • Extended Trading Gain: Higher after reporting earnings beat with positive guidance for current quarter.
  • Market Lagging but Outperforming: Lagged SOXX and SMH over past year but up by 50%, outperforming broader market.

McDonald's Earnings Awaited, Dividend Stocks Shine

McDonald's (MCD): Struggling Fast Food Giant

  • Pre-Earnings Position: Set to report earnings Tuesday morning; down 8% in consumer discretionary sector over past year.

Dividend Stocks Shine Amid Sectoral Gains Utilities and real estate sectors saw strong performance on Monday. AES, NextEra Energy, Evergy led utilities gains while Extra Space Storage, Kimco Realty, Alexandria Real Estate shone in real estate. Despite being worst performers in S&P500 over last year, both sectors offer high dividend yields.