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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 slipped 1.69% and closed at 11,400. After dropping 1.02%, Dow Jones closed at 32,817.
Amid the market gloom, United States New Home Sales (Jan) released yesterday at 15:00 UTC with a figure of 670,000, while the previous figure was 625,000.
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
Square, Inc. rallied 4.33% and ended the session at $77.36.
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 | Up 6.08% to $137.44 yesterday
Universal Display dropped to $125.46, hitting its lowest point in 6 weeks and a half. It later recovered $12 and closed higher at $137.44. The lighting company has gained 31.11% since its lowest print of $89.97 earlier this year. The Nasdaq has been doing worse in 2022, it has been passing it by 22.41%. The company has a market cap of $6.49 billion with an average daily volume of 315,388 shares.
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 is growing its four-day winning streak by closing at $12.26, gaining 3.81%.
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 trading 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%.
Cyren | Up 61.9% to 34 cents yesterday
The state-of-the-art email security software developer rose as high as 59 cents before giving up its gains and dropping back to 34 cents before the close on yesterday.
