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After-hours buzz: CDK, CyberArk, Fossil & more

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange.

Take a look at some of the companies making headlines after Tuesday's market close:

CDK Global spiked more than 11 percent in after-hours trade on a Bloomberg report that the firm is considering a possible sale. Elliott Management is targeting the digital marketing firm, the report said.

CyberArk Software jumped more than 1 percent in extended-hours trade after reporting earnings that beat on both the top and bottom line, as well as issuing an optimistic forecast.

Fossil plunged 5 percent in after-hours trade after reporting earnings that topped estimates and revenue that missed. The firm also issued weak guidance. Worldwide net sales decreased 4 percent due to foreign exchange headwinds. Net sales increased 2 percent on a constant currency basis

Cree fell 1 percent in after-hours trade after reporting a loss of 19 cents a share, far outpacing the expected decline of 4 cents. The LED manufacturer beat on revenue, while guidance was in-line.

General Electric edged higher in after-hours trade on news of the sale of its health finance unit to Capital One for approximately $9 billion. The deal is the latest in a series of transactions for a total of about $78 billion in announced sales.