As the market winds down its trading day Thrusday, there has been some significant movement to the positive and negative side on this day. There have been a fair number of companies who have seen their stocks rise by big numbers Thursday, which helped all of the indices move up more than 1 percent on the day. Here is a recap of some of the most noteworthy large-cap climbers.
The Boeing Company (NYSE:BA) is up more than 1 percent to $74.80 a share after the company reported an $11 billion provisional order for passenger jets from Aeromexico, which is considered the largest aircraft order ever by any Mexico-based airline. This follows on the heels of The Boeing Company’s decent earnings report earlier this week.
MetroPCS Communications Inc. (NYSE:PCS) has soared up about 35 percent to nearly $8.50 per share after blowing away estimates on its quarterly report, boosted mainly by a large increase in service revenue (calling, data and text plans). It had slumped since February, when an acquisition deal by Sprint Nextel Corporation (NYSE:S) fell through, but this smaller competitor is showing signs of getting back on its feet. More on Sprint Nextel later.
Western Digital Corporation (NASDAQ:WDC), which makes hard-disk drives, easily surpassed even the most lofty Street expectations in its earnings report, which led analysts to raise their price targets due to the company’s high margins. The stock was up nearly 20 percent to just south of $39 a share.
Akamai Technologies Inc. (NASDAQ:AKAM), an internet content delivery company, was up nearly 23 percent to north of $34.50 a share after a solid earnings report, a more-optimistic third quarter forecast and reports that some brokerages are raising their price targets as this news might be a trend.
Fortinet (NASDAQ:FTNT), known for its network security software, was up 12 percent to just north of $15 a share after its reported revenues rose 25 percent thanks to increased demand for its products by large U.S. firms.
Shoemaker Steven Madden (NASDAQ:SHOO) saw its stock move 18 percent higher to about $38.75 a share, despite its profit report missing estimates for the first time in a couple years. The company said changes in its product mix affected the margins, which was good enough for investors.
Sprint Nextel Corporation stock rose nearly 20 percent despite suffering a bigger quarterly loss than expected, which the company wrote off as heave expenses attributed to the shutdown of the Nextel portion of the company’s network.
Chipmaker LSI Corporation (NYSE:LSI) came out ahead in a patent challenge by Rambus, and posted better-than-expected second quarter revenue numbers, which combined to boost that stock by 16 percent to just north of $7 a share.
Seagate Technology PLC (NASDAQ:STX) saw its stock up nearly 15 percent to more than $30 a share, partly due to Western Digital’s report, and an expected strong showing in its earnings report next week, despite a production issue was came to light in June.
Footwear retailer Crocs, Inc. (NASDAQ:CROX) walked its stock up 17 percent to north of $16.25 a share thanks to a better-than expected quarterly report, improved margins, growth in Asia and a more optimistic outlook for the full-year earnings.
Outdoor-gear retailer Cabelas Inc. (NYSE:CAB) was up 15 percent thanks to easily beating estimates with higher sales and lower costs.