Stocks to Watch Wednesday: Palo Alto Networks, Moody's, Caesars -- WSJ

By WSJ Staff

Moderna (MRNA): The FDA agreed to review Moderna's seasonal flu shot after the vaccine maker agreed to run additional tests in the elderly. Shares jumped more than 7% following the U-turn.

Analog Devices $(ADI)$: The chip maker posted better-than-forecast quarterly results and guidance. Revenue jumped 30% last quarter. The stock rallied 2%.

Palo Alto Networks (PANW): The cybersecurity company posted better-than-expected quarterly results and raised its annual revenue outlook. However, earnings-per-share guidance for this quarter disappointed. Shares dropped nearly 9%.

Sandisk $(SNDK)$: Former parent Western Digital $(WDC)$ plans to sell shares in the flash-memory supplier. Sandisk's stock fell less than 1%.

Caesars Entertainment $(CZR)$: The casino operator swung to a loss, but quarterly revenue topped forecasts, and Chief Executive Tom Reeg forecast a stable year. The stock gained 17%.

Moody's $(MCO)$: The credit-ratings and research company logged stronger-than-projected quarterly results. Shares rose more than 5%.

Kenvue $(KVUE)$: The Tylenol maker posted stronger-than-forecast quarterly results and said it will cut 3.5% of staff ahead of a planned takeover by Kimberly-Clark $(KMB)$.

Steel Dynamics (STLD): The U.S. steelmaker, working with Australian conglomerate SGH, submitted a sweetened offer for BlueScope Steel (AU:BSL). The duo said they wouldn't raise their offer again unless a rival bidder emerges. BlueScope Steel shares rose 2.6% in Sydney. Steel Dynamics rose more than 1%.

Cadence Design Systems $(CDNS)$: The maker of chip-design software posted quarterly results and annual guidance that topped forecasts. The stock rallied more than 7%.

Toll Brothers $(TOL)$: The homebuilder posted stronger-than-projected quarter results, boosted by a jump in land-sales revenue.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 18, 2026 10:04 ET (15:04 GMT)

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Stocks to Watch Wednesday: Palo Alto Networks, Moody's, Caesars -- WSJ

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