Market Movers Today: Qualstar Corporation (QBAK), Purple Innovation Inc (PRPL), NEX Group (NEXGY), Ulta Beauty Inc (ULTA), and More

Purple Innovation Inc (NASDAQ:PRPL) (Benzinga)
Purple Innovation, Inc. shares fell 25.5 percent to $9.75 after a report that CEO Sam Bernards stepped down. Co-Founder and Chair Terry Pearce was named interim replacement. Purple Innovation reported a Q4 loss of $2 million on sales of $63 million.

Broadcom Ltd (NASDAQ:AVGO) (Yahoo Finance)
Broadcom (AVGO): Shares are lower here. Despite beating on both the top and bottom lines, investors were underwhelmed by the chipmaker’s forecast. On its earnings call, management suggested they were open to more deals after President Trump thwarted its offer for Qualcomm.

Tiffany & Co. (NYSE:TIF) (CNBC)
Tiffany – The luxury goods retailer beat estimates by 3 cents with quarterly profit of $1.67 per share. Revenue also beat forecasts, and a same-store sales increase of 3 percent was slightly above the consensus estimate of 2.8 percent.

Western Digital Corp (NASDAQ:WDC) (TheStreet)
Western Digital Corp. (WDC) is jumping Friday, up 3.9% to $106.21. Shares also hit a new 52-week high in the session. So why’s the stock rallying? Baird analyst Tristan Gerra upgraded the stock to outperform from neutral and raised his price target to $135 from $93. This was a “very large price target” increase, TheStreet’s Jim Cramer said on CNBC’s “Stop Trading” segment.

Adobe Systems Incorporated (NASDAQ:ADBE) (Yahoo Finance)
Adobe (ADBE): Shares are popping in early trading. The creative software maker beat on both the top and bottom lines, as subscription revenue climbed higher.