Against the current: Markets slid, yet DocuSign Inc, Shift4 Payments, Inc., Lyft, Inc. went up and made this list of Friday's top technology stocks gainers.
Leading equity indices in the US declined as Dow Jones lost 0.9% and ended the session at 33,476. S&P 500 was down 0.73% before closing the session at 3,934.38.
Despite markets falling Friday, some technology stocks managed to go up. Have a look at these top gainers.
Broadcom | +2.57% at $544.72
Pronounced bullish sentiment in the market helped the semiconductors company to make a notable 2.57% gain Friday, rising $13.64 and ultimately closing at $544.72.
Broadcom released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 9.75 per share on revenue of $8.93 billion, topping estimates of 9.5 per share on revenue of $8.90 billion. Since the release of its earnings report, Broadcom gained 5.06%.
DocuSign | +12.37% at $49.16
DocuSign ended Thursday's session at $43.75. Friday started with an increase to $51.31, but dropped back and closed at $49.16. Daily trading volume (29.16 million shares) was higher than the current multiday average of 5.86 million.
DocuSign released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.05 per share on revenue of $645.46 million, topping estimates of -0.08 per share on revenue of $626.88 million. Since the release of its earnings report, DocuSign gained 16.83%.
Lyft | +2.91% at $10.95
After finishing Thursday at $10.64, the urban mobility company went up by 2.91% Friday and remained at the $10.95 level.
Shift4 | +3.75% at $49.52
After hitting an important low of $30.47 approximately 5 months ago, the US payment processing company has bounced back 56.65% since. The company has a market cap of $2.62 billion with an average daily volume of 1.20 million shares. Shift4 expected revenue of $550.44 million with an EPS of 32 cents.