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Stocks making the biggest moves after hours: Cisco Systems, Synopsys, Wolfspeed and more

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These are the stocks posting the largest moves in postmarket trading.

Check out the companies making headlines in extended trading.— Shares of the computer networking giant gained about 2.5% after posting fiscal fourth-quarter earnings that beat Wall Street's expectations. The company posted adjusted earnings of $1.14 per share, while analysts had forecast $1.06 per share, according to Refinitiv. Revenue came out to $15.

2 billion, exceeding expectations of $15.05 billion.— The stock advanced 2.3% after the electronic design automation company beat fiscal third-quarter earnings expectations. Synopsys reported adjusted earnings of $2.88 per share, which was 14 cents per share higher than analysts' expectations, according to Refinitiv. Its revenue of $1.49 billion also came out just above expectations.

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