Marvell Technology Group is yesterday's top mover after gaining 32.42%
Leading equity indices in the US rose as Nasdaq ended the session at 12,976 after a 2.19% gain. S&P 500 closed the day at 4,205.45, having gained 1.3%.
Today's price action is taking place amid mixed market indicators – Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. yesterday's most active technology stocks are listed below.
Marvell Technology Group is up to $67.34 (+2.79%) in after hours trading after closing yesterday's session at $65.51
Marvell Technology Group stayed on track yesterday: after closing yesterday at $65.51, the integrated circuits design company peaked at $65.75 before giving up early gains and closing at $65.51. Currently, the integrated circuits developer has a market capitalization of $56.28 billion with an average daily volume of 12.94 million shares.
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 | Closed +17.9% at $34.78
After ending Thursday at $29.5, RingCentral rallied to $35.58 yesterday, hitting its highest point in 2 months. It later lost 79.5 cents and closed at $34.78. The cloud-based comms company is up 16.37% from the significant low of $25.35 it hit 23 days ago. So far this year, it has been under-performing the Nasdaq by 19.71%. The cloud-based comms company's market cap currently stands at $3.40 billion with an average daily trading volume of 2.56 million shares. RingCentral has a forecast of $527.94 million with an EPS of 68.8 cents.
C3.ai ended yesterday at $32.94, a 15.95% increase
On-trend C3.ai closed the session yesterday with more of the same: C3.ai rallied 15.95% and ended the session at $32.94. The enterprise AI software provider's market cap currently stands at $3.70 billion with an average daily trading volume of 17.56 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.