Brooge Energy Becomes Takeover Target; A10 Networks Sees Below-Consensus Revenue
- October 03rd, 2023
- 437 views
Shares of Brooge Energy Ltd. (Nasdaq: BROG) surged by more than 20% in after-hours trading as Gulf Navigation Holdings PJSC (GULFNAV), a Dubai-based maritime and shipping company, submitted a formal proposal to fully acquire all of Brooge Energy Limited's businesses and assets.
The acquisition proposal is in its early stages, with GULFNAV conducting due diligence and Brooge Energy evaluating the offer. Brooge Energy has yet to respond, and acceptance is not guaranteed.
$BROG was trading at $6.95 in after-hours, reflecting a significant increase of $1.46 (+26.59%).
On the other hand, shares of A10 Networks, Inc. (NYSE: ATEN) saw a sharp decline of over 10% in the extended session following the company's announcement regarding its preliminary third-quarter 2023 financial results.
A10 Networks anticipates revenue for the quarter to range between $56.5 million and $58.5 million, significantly below the consensus estimate of $74.65 million in revenue for the period.
In after-hours, $ATEN was trading at $13.08, marking a notable decrease of $2.09 (-13.78%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Earnings Countdown: Lockheed Martin, Stryker, and PACCAR Gear Up
January 26th, 2025Earnings Spotlight: SoFi Technologies, Sanmina, and Nucor Set to Report
January 26th, 2025Global Flag Football League Plans To Host Pro Flag Football Tournament in Las Vegas
January 23rd, 2025Earnings On Deck: Netflix, United Airlines, and Agilysys Gear Up
January 19th, 2025
Member Login