Why These 5 Stocks Surged on Wednesday

In this article we take a look at five stocks that surged on Wednesday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Surged on Wednesday.

5. Juniper Networks, Inc. (NYSE:JNPR) rose more than 8.4% after reporting strong preliminary financial results for the three months ended September 30, 2021. For the quarter, Juniper Networks, Inc. (NYSE:JNPR) sales rose 4% year over year to $1,188.8 million and adjusted net income rose 5% year over year to $152 million. For the quarter ending December 31, 2021, the company expects sales of around $1,265 million plus or minus $50 million. The company also expects adjusted net income per share of around $0.53 plus or minus $0.05 for the period. Ken Griffin’s Citadel Investment Group was long more than 2.3 million shares of Juniper Networks, Inc. (NYSE:JNPR) at the end of June.

4. Teradyne, Inc. (NASDAQ:TER) rose 6.88% after the company’s top and bottom lines beat estimates for the third quarter. For the period, Teradyne, Inc. (NASDAQ:TER)’s total revenue rose 16.1% year over year to $951 million, beating sales estimates by $18.13 million. The company’s adjusted EPS of $1.59 beat estimates by $0.16 per share. 44 elite funds in our database were long Teradyne, Inc. (NASDAQ:TER) at the end of Q2.

3. Xilinx, Inc. (NASDAQ:XLNX) rose 5.22% in anticipation of the company’s earnings release. Xilinx, Inc. (NASDAQ:XLNX) stock may also be rallying due to AMD CEO’s recent comments that the company is making good progress on the pending merger between the two companies. Millennium Management was long more than 2.26 million shares of Xilinx, Inc. (NASDAQ:XLNX) at the end of June.

2. Masco Corporation (NYSE:MAS) surged 5.2% after the company’s adjusted EPS from continuing operations for Q3 of $0.99 was ahead of the consensus of $0.88. Revenue for the period was $2.2 billion versus the consensus of $2.1 billion. Jim Simons’ Renaissance Technologies was long more than 1.2 million shares of Masco Corporation (NYSE:MAS) at the end of June.

1. Las Vegas Sands Corp. (NYSE:LVS) rose 3.2% as the technical rally in the gaming stock continues. Las Vegas Sands Corp. (NYSE:LVS) could have more value if uncertainties around Macau decrease. D E Shaw was among the elite fund holders of Las Vegas Sands Corp. (NYSE:LVS) at the end of June.

Disclosure: None.