After-Market Movers: Ford, V.F. Corp, F5 Networks, Cadence Design, and More

After lowering its annual forecast, Ford Motor (NYSE:F) lost 4% in value. The company now expects adjusted EBIT to be around $10 billion, down from a previous forecast range of $10 billion to $12 billion.

V.F. Corp. (VFC) rose 17% after beating quarterly earnings and revenue estimates and updating its annual guidance. Management noted that the results reflect a sequential and broad-based improvement on a year-over-year basis.

Cadence Design Systems (NASDAQ:CDNS) increased by 7% following strong third-quarter results, supported by broad-based strong performance across its portfolio, particularly in IP, SD&A, and hardware systems.

Boot Barn Holdings (NYSE:BOOT) fell 13% after announcing that retail manager James Conroy, who has over 25 years of experience, will leave to become CEO of Ross Stores (NASDAQ:ROST). Ross shares rose by 2%.

Rambus (NASDAQ:RMBS) lost 2% after its third-quarter earnings and revenue fell short of expectations.

F5 Networks (NASDAQ:FFIV) gained 11% after reporting strong quarterly performance. The $228 million in software revenue grew 19% compared to the same period last year.

NextEra Energy (NYSE:NEE) dropped 2.75% after announcing plans to sell $1.5 billion in equity units.

TransMedics Group (NASDAQ:TMDX) lost 27% following disappointing results and a lowered guidance.