Concentrix Falls, Netgear Rises, Estee Lauder Drops on News of Talks to Buy Puig
Stock Movers24 Maalis

Concentrix Falls, Netgear Rises, Estee Lauder Drops on News of Talks to Buy Puig

On this episode of Stock Movers:

- Concentrix (CNXC) shares fall as the software company’s second-quarter forecast was weaker than expected. Vital Knowledge also notes “a modest shortfall on FQ1 EPS,” given margin compression.

- Netgear (NTGR) shares rise after the US Federal Communications Commission ordered a ban on the import of new models of foreign-produced consumer wireless routers. The ban comes after an inter-agency panel determined that the imports threaten national security.

- Estee Lauder (EL) shares drop on news that the company is in talks to buy Puig Brands SA, which would create a cosmetics giant with about $20 billion in annual sales.

See omnystudio.com/listener for privacy information.

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