U.S. stocks were higher, with the Dow Jones index gaining around 350 points on Thursday.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) rose sharply during Thursday's session following better-than-expected quarterly earnings.
Cisco reported fiscal fourth-quarter revenue of $13.64 billion, beating the consensus estimate of $13.537 billion. The company reported adjusted earnings of 87 cents per share, beating analyst estimates of 85 cents per share.
Cisco shares jumped 8.4% to $49.26 on Thursday.
Here are some other big stocks recording gains in today's session.
- AST SpaceMobile, Inc. (NASDAQ:ASTS) shares jumped 25.5% to $26.11 after the company said its first five commercial satellites are on target for orbital launch in the first half of September.
- Gambling.com Group Limited (NASDAQ:GAMB) gained 23.6% to $10.91 following better-than-expected second-quarter financial results.
- Perpetua Resources Corp. (NASDAQ:PPTA) rose 17.7% to $7.79.
- Lumentum Holdings Inc. (NASDAQ:LITE) gained 14.8% to $52.34 after the company reported better-than-expected fourth-quarter financial results and issued revenue guidance above estimates. Also, Rosenblatt and Needham raised their respective price targets on the stock.
- TeraWulf Inc. (NASDAQ:WULF) rose 13.4% to $3.7990.
- Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) gained 12.8% to $3.44.
- Sigma Lithium Corporation (NASDAQ:SGML) climbed 12.6% to $9.98.
- Astera Labs, Inc. (NASDAQ:ALAB) gained 10.7% to $43.03.
- Ulta Beauty, Inc. (NASDAQ:ULTA) climbed 10.6% to $364.14 after Berkshire Hathaway added a stake in the company.
- Wolfspeed, Inc. (NYSE:WOLF) rose 10.6% to $12.78. Morgan Stanley analyst Joseph Moore maintained Wolfspeed with an Equal-Weight and lowered the price target from $23 to $15.
- 10x Genomics, Inc. (NASDAQ:TXG) gained 10.1% to $21.75.
- The Honest Company, Inc. (NASDAQ:HNST) gained 10% to $4.2901.
- Five Below, Inc. (NASDAQ:FIVE) surged 8.8% to $74.43.
- Sirius XM Holdings Inc. (NASDAQ:SIRI) gained 8.6% to $3.1627 after Berkshire Hathaway increased its stake in the company.
- StoneCo Ltd. (NASDAQ:STNE) rose 8.5% to $14.48 following upbeat earnings.
- Highest Performances Holdings Inc. (NASDAQ:HPH) rose 7.7% to $1.83.
- DLocal Limited (NASDAQ:DLO) gained 7.6% to $8.35 following second-quarter results.
- Paycor HCM, Inc. (NASDAQ:PYCR) rose 7% to $13.52 after the company reported better-than-expected quarterly financial results.
- Marvell Technology, Inc. (NASDAQ:MRVL) gained 7% to $68.24.
- Tesla, Inc. (NASDAQ:TSLA) rose 6.8% to $215.21. The stock is trading higher after stronger-than-expected retail sales, potentially signaling increased consumer demand and confidence, which may boost expectations for higher vehicle sales.
- Ciena Corporation (NYSE:CIEN) gained 6.5% to $53.29.
- Walmart Inc. (NYSE:WMT) rose 6.5% to $73.13 following better-than-expected second-quarter financial results.
- Robinhood Markets, Inc. (NASDAQ:HOOD) rose 6.3% to $19.83 after Deutsche Bank upgraded the stock from Hold to Buy and raised its price target from $21 to $24.
- Dell Technologies Inc. (NYSE DELL) gained 6.2% to $109.33 after JP Morgan maintained an Overweight rating on the stock and raised its price target from $155 to $160.
- Lululemon Athletica Inc. (NASDAQ:LULU) gained 5.9% to $254.69. lululemon athletica will release its financial results for the second quarter on Thursday, Aug. 29.
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