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February 26, 2023
Against the current: Markets slid, yet Cyren Ltd., Universal Display Corporation, Square, Inc. went up and made this list of Friday's top technology stocks gainers.
Leading equity indices in the US declined as Nasdaq shed 1.69% and closed at 11,400. Dow Jones was down 1.02% before closing the session at 32,817.
Even though markets fell Friday, some technology stocks were bullish. Have a look at these Top Gainers from Friday's session:
+4.33%: bullish mood lifts Square to session high of $78
Ending Thursday at $74.15, the multinational fintech developer rallied 4.33% Friday and stayed at the $77.36 level. The multinational fintech developer's market cap currently stands at $46.27 billion the Nasdaq has been doing worse in 2022, it has been passing it by 12%.
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 Friday
The lighting company has managed to gain 31.11% so far this year despite trading at lows around $89.97 previously. So far this year, it has been beating the Nasdaq by 22.41%. Currently, the organic light emitting diode manufacturer has a market capitalization of $6.49 billion with an average daily trading 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 adds 3.81% to close at $12.26; extends its four-day winning streak
N-able ended Thursday at $11.81. Friday it went up to $12.72 only to drop back, yet still managed to close at $12.26. 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 gains 61.9% within 20 cents to 59 cents daily range
Having closed Thursday at 21 cents, bullish sentiment helped Cyren to reach highs around 59 cents before paring gains and ending Friday at 34 cents. The company has a market cap of $2.72 million with an average daily volume of 2.39 million shares.
