Markets closed higher yet Zscaler, Inc., Marvell Technology Group Ltd, Kaltura, Inc. top this unflattering list of Friday's losers

A quick update before tomorrow's session: leading equity indices in the US rose as S&P 500 gained 1.61% and closed at 4,045.64. Nasdaq closed the day at 11,700, having gained 1.97%.

Despite Friday's market climb several technology stocks suffered losses. Take a look at the market's Top Losers.

-4.74%: Marvell Technology Group sheds 4.74% within $41.12 to $44.28 daily range

Early in Friday's session, Marvell Technology Group Ltd dropped to $41.12 from $46.23 at the end of Thursday, before closing at $44.04. During the session, it lost 4.74%. The company is currently trading with a market cap of $37.57 billion with an average daily trading volume of 11 million shares. So far this year, it has performed better than the Nasdaq by 9.72%.

Marvell Technology Group was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.34 per share on revenue of $1.42 billion, topping estimates of 0.31 per share on revenue of $1.40 billion.

-11.1%: Zscaler closed at $119.24 after losing 11.1% Friday

After ending Thursday at $134.13, Zscaler declined to $116.64 Friday before closing at $119.24, thereby losing 11.1% in total. The company's market cap currently stands at $17.20 billion with an average daily volume of 2.67 million shares. So far this year, it has been under-performing the Nasdaq by 4.12%.

Zscaler was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of -0.35 per share on revenue of $387.60 million, topping estimates of -0.43 per share on revenue of $344 million.

Kaltura closed at $1.81 (down 2.69%) and added one more to its 4th straight day of losses

Friday's session continued down the same path: grinding lower but with no clear-cut direction, the cloud-based comms enabler closed the session at $1.81 after forming a distinct $1.81 – $1.88 range. Kaltura has a market cap of $241.21 million with an average daily trading volume of 146,867 shares.