Shares of satellite communications provider Globalstar (NASDAQ:GSAT) fell 1.4% in the afternoon session after the company announced significant progress on its $2 billion commitment to the International Telecommunication Union's (ITU) Partner2Connect initiative, aimed at expanding global connectivity. Globalstar reported it had invested over $1 billion, surpassing the halfway mark of its pledge. This investment was directed toward strengthening its global satellite network and expanding its broadband and Internet of Things (IoT) services around the world. The plan also involved commissioning new satellites and developing its third-generation C-3 system. The company's commitment, which is set for completion by March 2025, was viewed positively by investors, signaling solid progress in its efforts to enhance its telecommunications infrastructure.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB)
jumped in the afternoon session after the company announced it successfully launched a suborbital mission with its HASTE launch vehicle for the Defense Innovation Unit (DIU) and Missile Defense Agency (MDA). The launch was part of a project to advance national interests by testing advanced technologies for missile defense. This success demonstrated Rocket Lab's ability to deliver results on tight timelines for defense organizations, as the mission was completed just 14 months after the contract was signed. The successful launch helped position the aerospace company as a key player in future missile defense projects, potentially helping it grow its already significant order backlog.
Shares of security and healthcare technology company OSI Systems (NASDAQ:OSIS) fell 1.1% in the afternoon session after the company announced the pricing of its upsized offering of $500 million in convertible senior notes due in 2031.
All eyes are on Nvidia Corp. (NASDAQ:NVDA) as the world's most valuable company prepares to report third-quarter earnings after the close, a pivotal moment that could steer
Shares of telecommunications company Dycom (NYSE:DY)
jumped 8.3% in the afternoon session after the company reported strong third-quarter 2025 results that surpassed expectations and provided an upbeat earnings forecast for the next quarter.
Shares of semiconductor testing company FormFactor (NASDAQ:FORM) jumped 2.6% in the afternoon session after the stock's positive momentum continued as the company reported its third-quarter earnings for 2025, which surpassed market expectations. FormFactor's earnings per share came in at $0.33, beating the forecast of $0.25. The company's revenue also exceeded predictions, reaching $202.7 million against an anticipated $199.97 million. Beating estimates on both the top and bottom lines indicated a strong financial performance for the quarter, which investors viewed favorably.
Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 4% in the afternoon session after the stock's positive momentum continued as the company announced a multi-year strategic partnership with Palantir Technologies and received continued support from analysts. FTAI disclosed it would use Palantir's artificial intelligence platform across its global maintenance operations. The partnership aimed to generate cost savings and help the company meet growing demand. In a related vote of confidence, analyst firm BTIG reiterated its "Buy" rating on the stock, keeping its price target at $230. The firm noted its confidence in FTAI's ability to quickly and cost-effectively scale its operations following a visit to its Module Factory.
Shares of earth imaging satellite company Planet Labs (NYSE:PL) jumped 3.3% in the afternoon session after the company announced a strategic partnership with German-based Quantum Systems to develop AI-powered intelligence solutions for European defense customers.
Shares of electricity storage and software provider Fluence (NASDAQ:FLNC)
jumped in the afternoon session after reports showed that large investment firms, including Goldman Sachs, Invesco, and AQR, increased their positions in the company. While corporate filings showed that one major holder, KBC Group NV, reduced its stake, the increased investment from other large firms suggested growing confidence. One firm even expanded its holdings by nearly two-hundred percent in the reported quarter. This investor activity happened as the clean-energy sector gained more attention, especially in the area of renewable energy storage and grid-scale solutions.
Shares of genetic testing company Myriad Genetics (NASDAQ:MYGN)
jumped 0.4% in the afternoon session after the company shared a positive outlook, projecting significant revenue from its hereditary cancer testing division and outlining its growth targets for the coming years. Myriad Genetics projected approximately $370 million in revenue from this testing segment for the year, accounting for about 45% of its total sales. The company also targeted a growth rate in the high single-digits to low double-digits over the next three to five years. To help achieve these goals, it was supported by a $35 million investment aimed at enhancing its commercial capabilities.
Looking for insights into the US markets in the middle of the day on Wednesday? Delve into the top gainers and losers of today's session and gain valuable market intelligence.
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