Marvell Technology Group Ltd, RingCentral, Inc., C3.ai, Inc. made yesterday's list of top gainers.
Markets were up yesterday; Nasdaq closed the day at 12,976, having gained 2.19%. S&P 500 ended the session at 4,205.45 after a 1.3% gain.
Yesterday's rise took place amid mixed market indicators — United States Core Durable Goods Orders published yesterday at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure.
Yesterday 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 is up to $67.34 (+2.79%) in after hours trading after closing yesterday's session at $65.51
After ending Thursday's session at $49.47, Marvell Technology Group Ltd went up to $65.75 yesterday only to fall back and close at $65.51. The integrated circuits developer's market cap currently stands at $56.28 billion with an average daily volume of 12.94 million shares. So far this year, it has been beating the Nasdaq by 127.58%.
Marvell 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 gained 42.47%.
RingCentral | Up 17.9% to $34.78 yesterday
RingCentral rallied 17.9% and ended the session at $34.78.
Coherent | Closed +14% at $36.93
Having set a significant high of $273.97 11 months ago, the lasers and photonics technology developer is trading 88.18% lower. The company is currently trading with a market cap of $4.96 billion with an average daily trading volume of 2 million shares. Coherent expected revenue of $1.34 billion with an EPS of 82 cents.
C3.ai | Up 15.95% to $32.94 yesterday
This year has been a bright one for the enterprise-scale AI application developer after trading as low as $10.26 and going on to appreciate by 334.4% year to date. Currently, the enterprise-scale AI application developer has a market capitalization of $3.70 billion with an average daily volume of 17.56 million shares.
C3.ai is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is -0.17 and the consensus revenue estimate is $71.32 million.