After-hours movers: Cisco Systems, Nike, Lumentum, Ulta Beauty

After-Hours Stock Movers:

Cisco Systems(NASDAQ:CSCO ) rose 5.6% after reporting solid second quarter results and updating guidance. It also announced plans to cut 7% of its workforce.

Nike (NYSE:NKE ) rose 4.9% after activist investor Bill Ackman's Pershing Square disclosed a $229 million stake.

Lumentum Holdings (NASDAQ:LITE ) rose 13% after it beat EPS and guidance estimates for the second quarter. Management said it booked record orders for datacom chips used in data center applications.

AST SpaceMobile(ASTS) fell 3% after it reported larger loss per share than expected in the second quarter.

Ulta Beauty (NASDAQ:ULTA ) rose 12% after Warren Buffett's Berkshire Hathaway disclosed a $266 million stake.

Source: Investing.com