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 closed the day at 12,976, having gained 2.19%. S&P 500 gained 1.3% and closed at 4,205.45.
Friday saw a steady up day for markets with several technology stocks continuing their streaks today. Take a look at the market's Top Gainers:
+32.42%: Marvell gains 32.42% within $58.6 to $65.75 daily range
The integrated circuits developer rose as high as $65.75 before giving up its gains and dropping back to $65.51 before the close on Friday. Marvell Technology Group's market cap currently stands at $56.28 billion with an average daily volume of 16.74 million shares. So far this year, it has been outperforming the Nasdaq by 127.58%.
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
The cloud-based comms company closed at $34.78 after it made its largest daily jump of $5.28 (17.9%) since May 10. The cloud-based comms company has recovered 16.37% since descending to a significant low of $25.35 around 26 days ago. So far this year, it has been doing worse than the Nasdaq by 19.71%. The company has a market cap of $3.33 billion with an average daily trading volume of 2.79 million shares. RingCentral expected revenue of $527.94 million with an EPS of 68.8 cents.
Coherent | Up 14% to $36.93 Friday
Having soared to a high of $273.97 approximately 11 months ago, the lasers and photonics technology developer is now trading 88.18% lower. Coherent is currently trading with a market cap of $4.96 billion with an average daily trading volume of 2.39 million shares. Coherent has a forecast of $1.34 billion with an EPS of 82 cents.
+15.95%: C3.ai bulls in charge as markets close for Memorial Day
After finishing Thursday at $28.41, the enterprise-scale AI application developer went up by 15.95% Friday and remained at the $32.94 level. Currently, the enterprise-scale AI application developer has a market capitalization of $3.70 billion with an average daily volume of 19.97 million shares.
C3.ai is scheduled to announce earnings results tomorrow. The consensus EPS estimate is -0.17 and the consensus revenue estimate is $71.32 million.