Marvell Technology Group Ltd, RingCentral, Inc., C3.ai, Inc. made Friday's list of top gainers.
Leading equity indices in the US rose as Nasdaq gained 2.19% and closed at 12,976. S&P 500 closed the day at 4,205.45, having gained 1.3%.
Have a look at Friday's biggest gainers:
Marvell Technology Group | -32.42% Friday including 2.79% gain in aftermarket trade
The integrated circuits developer topped out at $65.75 having ended Friday at $65.51. However, despite early momentum, the stock gave up its gains to now trade at $65.51.
Marvell Technology Group released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.37 per share on revenue of $1.32 billion, topping estimates of 0.29 per share on revenue of $1.30 billion. Since the release of its earnings report, Marvell Technology Group gained 42.47%.
RingCentral | Up 17.9% to $34.78 Friday
After ending Thursday at $29.5, RingCentral rallied to $35.58 Friday, hitting its highest point in 2 months. It later lost 79.5 cents and closed at $34.78. The cloud-based comms company has recovered 16.37% since descending to a significant low of $25.35 around 24 days ago. So far this year, it has been under-performing the Nasdaq by 19.71%. The company's market cap currently stands at $3.40 billion with an average daily volume of 2.79 million shares. RingCentral expected revenue of $527.94 million with an EPS of 68.8 cents.
+14%: Coherent levels up 14% in Friday's session; traders eye opening bell in 2 days time
After closing Friday at $36.93, the laser and photonics supplier peaked at $37.34 before giving up early gains and closing at $36.93. Currently, the lasers and photonics technology developer has a market capitalization of $4.96 billion with an average daily trading volume of 2.39 million shares.
+15.95%: C3.ai gains 15.95% within $28.65 to $33.49 daily range
C3.ai rallied 15.95% and ended the session at $32.94. The company has a market cap of $3.70 billion with an average daily volume of 19.97 million shares.
C3.ai is scheduled to announce earnings results Wednesday. The consensus EPS estimate is -0.17 and the consensus revenue estimate is $71.32 million.