U.S. GDP growth in the third quarter was than-expected; consumer confidence index fell short of expectations in October. U.S. stocks presented a v-shaped rebound on Friday. At the late session, the loss of the SP 500 index narrowed, and the Nasdaq Composite and the Dow Jones industrial average turned green. These top performing stocks got our attention today:
TASER International Inc. (TASR) is a supplier of electronic control devices (ECD) for use in the law enforcement, military, corrections, private security, and personal defense markets. TASR stock price climbed 26.29%, or $1.68 to its more-than-two year high after the company said its third quarter earnings of 7 cents per share, 250% higher than the prior year same period, and also 3 cents more than Wall Street’s average expectation. TASR stock closed at $8.07 with 6.13 million shares traded, more than ten times the three-month average trading volume of 559,900 shares. The company has a market cap of $426.35 million.
Among these top stocks today, Applied Micro Circuits Corp. (AMCC) stock price hiked 26.21%, or $1.19 to $5.73 on Friday, after the designer, developer, marketer, and supporter of integrated circuits used for processing, transporting, and storing information announced its fiscal second quarter revenue of $46.3 million, 29% lower than the previous year same period, but also beat the Wall Street consensus expectation by $0.1 million. The company also issued better-tan-expected guidance for the fiscal third quarter. AMCC stock traded 2.30 shares today, much more than the three-month average daily volume of 500,685 shares. Applied Micro Circuits currently has a market cap of $370.10 million.
DeVry, Inc. (DV), together with its subsidiaries, provides educational services worldwide. DV shares spiked 24.93%, or $5.19, to $26.01, as the company on late Thursday announced its fiscal first quarter earnings of 49 cents per share on revenue of $482.7 million, down from the same period last year, but topping the consensus estimate of earnings of 30 cents per share on revenue of $482.5 million. DV stock traded 8.42 million shares, well above the three-month average trading volume of 1.90 million shares. DeVry has a market cap of $1.67 billion.
Recon Technology, Ltd. (RCON) is a provider of hardware, software, and on-site services for the petroleum mining and extraction industry in China. RCON stock price surged 21.03%, or $0.23, to $1.30, on a volume of 32,232 shares, much more than the three-month average trading volume of 14,520 shares without any significant news. The company currently has a micro market cap of $5.12 million.
Stamps.com Inc. (STMP) is a provider of Internet-based postage solutions. STMP stock soared 20.18%, or $4.40, to $26.20, making itself one of the top stocks on Friday, after the company posted net income of $7 millio, or 42 cents per share for third quarter versus last year same period’s earnings of $4.5 million, or 30 cents per share. The company recognized revenue of $29.1 million, up 127% from a year ago. Analyst had averagely estimated the company to post earnings of 38 cents per share on revenue of $28.4 million. STMP stock traded 982,771 shares today, much more than the three-month average trading volume of 248,468 shares. The company currently has a market cap of $430.07 million.