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Rich Valera of Needham & Co. asks about Opex trends going into next year. $ADTN said in 2Q16, it undertook some additional development work for some specific customers. $ADTN added some contract-based headcount which will close out at this year-end. Going forward, these expenses will be gone and headcount will not be added.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.