Company news from June 3, 2022

  • Hewlett Packard Enterprise Company’s HPE shares plunged 5.2% after it issued a grim full-year outlook citing currency headwinds and its exit from Russia.
  • Shares of Ciena Corporation CIEN fell 1.3% after reporting adjusted earnings of $0.50 per share in the second quarter of fiscal 2022, missing Zacks consensus estimate of $0.54 per share .
  • SPTN shares of SpartanNash Company rose 5.5% after reporting earnings of $0.83 per share in the first quarter of 2022, beating Zacks’ consensus estimate of $0.65 per share.
  • Shares of Ford Motor Company F jumped 2.5% after announcing it would invest $3.7 billion in assembly plants in Michigan, Ohio and Missouri.

Zacks’ Top Picks for Leveraging Electric Vehicles

A lot of money has already been made in the electric vehicle (EV) industry. But the electric vehicle revolution has not yet reached full steam. There’s a lot of money to be made as the next push for future technologies gathers pace. Zacks special report reveals 5 top investors

See 5 EV stocks with extreme upside potential >>

Click to get this free report

Ford Motor Company (F): Free Inventory Analysis Report

Ciena Corporation (CIEN): Free Inventory Analysis Report

SpartanNash Company (SPTN): Free Stock Analysis Report

Hewlett Packard Enterprise Company (HPE): Free Inventory Analysis Report

To read this article on, click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson