Universal Display Corporation, Square, Inc., Tuya Inc. made Friday's list of top gainers.
Leading equity indices in the US rose as Dow Jones gained 1.26% and closed at 32,400. S&P 500 ended the session at 3,770.55 after a 1.36% gain.
Here are the biggest technology stocks gainers from the session Friday.
Cognex | +8.13% at $46.04
Cognex went up to $46.04, gaining 8.13%. Daily trading volume (1.71 million shares) was higher than the current multiday average of 798,400.
Cognex released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.21 per share on revenue of $209.62 million, topping estimates of 0.06 per share on revenue of $194.83 million. Since the release of its earnings report, Cognex gained 7.75%.
Universal Display | +12.09% at $100.85
Approximately 7 months ago, Universal Display reached a significant high of $175.55 but has struggled to hold onto its gains and declined 48.75% since then. The Nasdaq has been doing worse in 2022, it has been passing it by 7.85%. The company's market cap is $4.76 billion with an average daily volume of 423,533 shares.
Universal Display released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.12 per share on revenue of $160.56 million, topping estimates of 0.9 per share on revenue of $147.97 million. Since the release of its earnings report, Universal Display gained 7%.
Square | +11.5% at $60.11
Square reached a significant high of $238.47 around 11 months ago but has lost 77.39% since then. So far in 2022, it has been under-performing the Nasdaq by 14.04%. The company's market cap is $35.95 billion with an average daily volume of 15.15 million shares.
Square released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.01 per share on revenue of $4.52 billion, topping estimates of -0.15 per share on revenue of $4.49 billion. Since the release of its earnings report, Square gained 10%.
Tuya | +8.93% at 95.74 cents
Having ended a bullish session Friday at 95.74 cents, momentum helped Tuya finish the day 7.85 cents or 8.93% higher, although mixed sentiments ensured Tuya etched out a distinct 91.13 cents to 95.74 cents session range. Friday's trading volume was 373,061 shares which is slightly under the 21-day average of 425,822.
Tuya is scheduled to announce earnings results Wednesday. The consensus EPS estimate is -0.08 and the consensus revenue estimate is $44.11 million.