Updated with closing prices.
The government agency claims Hastings violated the Regulation Fair Disclosure, Section 13(a) of the Securities Exchange Act and Rules 13a-11 and 13a-15 by making comments on his Facebook (FB) account talking about usage figures.
Hastings then took to his Facebook account, saying he believes the company and himself will be vindicated. "We remain optimistic this can be cleared up quickly through the SEC's review process," Hastings wrote on his page.
Apple (AAPL) shares were off 1.55% to $538.77 after CEO Tim Cook gave his first public interview Thursday to NBC's Williams. Cook discussed a multitude of topics, including what life is like as Apple's CEO, his relationship with former CEO Steve Jobs, some gaffes, and where Apple goes from here. He mentioned that television is "an area of intense interest" for Apple, but that he wouldn't delve more into the company's notoriously secret plans. He also noted that Apple, along with partners, would be bringing some manufacturing back to the United States, as Apple brings its some of its Mac production home.
Palo Alto Networks (PANW) shares fell 3.47% to $49.52 after the company delivered a first-quarter earnings beat and second-quarter guidance. The network security company reported non-GAAP earnings of 4 cents per share on $85.9 million. Analysts were looking for 3 cents per share and sales of $83.7 million. On the company's conference call, Palo Alto issued second-quarter guidance. It expects to earn 4 cents a share on revenue between $90 million and $94 million. Analysts polled by Thomson Reuters now expect earnings of 4 cents per share on $92.93 million in revenue. Interested in more on Palo Alto? See TheStreet Ratings' report card for this stock. Closing prices: Netflix gives up 19 cents to end at $85.98; Apple dipped $13.99 to $533.25; Palo Alto Networks added 1 cent to $51.31. -- Written by Chris Ciaccia in New York. >Contact by Email. Follow @Commodity_Bull
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