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February 25, 2023
Against the current: Markets slid, yet Cyren Ltd., Universal Display Corporation, Square, Inc. went up and made this list of yesterday's top technology stocks gainers.
Leading equity indices in the US declined as Nasdaq lost 1.69% and ended the session at 11,400. Dow Jones shed 1.02% and closed at 32,817.
While price action maintains a negative bias, United States New Home Sales (Jan) came out at 670,000, while a consensus of analysts was expecting 620,000.
Even though markets fell yesterday, some technology stocks were bullish. Have a look at these Top Gainers from yesterday's session:
Square | Closed +4.33% at $77.36
The multinational fintech developer has managed to gain 20.71% so far this year despite trading at lows around $51.51 previously. The Nasdaq has been doing worse in 2022, it has been passing it by 12%. The multinational fintech developer's market cap currently stands at $46.27 billion with an average daily trading volume of 13 million shares.
Square reported earnings results Thursday, with EPS at -0.23 and revenues at $4.65 billion; these results are mixed when compared to a consensus of -0.16 Earnings Per Share and $4.60 billion revenue. Since the release of its earnings report, Square gained 6.06%.
Universal Display | Closed +6.08% at $137.44
The organic light emitting diode manufacturer rose as high as $139.48 before giving up its gains and dropping back to $137.44 before the close on yesterday.
Universal Display released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.36 per share on revenue of $169 million, topping estimates of 0.93 per share on revenue of $149.9 million. Since the release of its earnings report, Universal Display gained 7.27%.
N-able extended its four-day winning streak after adding 3.81% and closing at $12.26 yesterday
After ending Thursday at $11.81, N-able went up to $12.72 only to drop back, yet still traded well overall and closed at $12.26 yesterday. N-able has a market cap of $2.22 billion with an average daily volume of 298,267 shares.
N-able released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.06 per share on revenue of $95.75 million, topping estimates of 0.04 per share on revenue of $93.59 million. Since the release of its earnings report, N-able gained 19.49%.
+61.9%: Cyren loses 17.53% in after hours trading after closing at 34 cents yesterday
After closing yesterday at 34 cents, the internet security technology company peaked at 59 cents before giving up early gains and closing at 34 cents. The company's market cap currently stands at $2.72 million with an average daily volume of 2.39 million shares.
