Ten stocks capped off the week with whopping double-digit gains, outperforming Wall Street’s three major indices, as investors took heart from a flurry of corporate earnings and company-specific developments.
Meanwhile, all three major indices finished in the green, with the Nasdaq leading the gains, up 0.91 percent. The S&P 500 followed with a 0.22 percent jump, Nasdaq increased by 0.20 percent.
Indices aside, this article spotlights the 10 top-performing companies on Friday and breaks down the reasons behind their gains.
To come up with the list, we considered the stocks with a market capitalization of $2 billion and 5 million shares in trading volume.
Photo by Mizuno K on pexels
10. Hewlett Packard Enterprise Co. (NYSE:HPE)
Hewlett-Packard finished the trading week soaring to a new all-time high, as investors repositioned portfolios ahead of the results of its earnings performance in the second quarter of the fiscal year.
In intra-day trading, the stock surged to its highest price of $44.57 before trimming gains to end the session just up by 12.64 percent at $43.04 apiece.
Hewlett Packard Enterprise Co. (NYSE:HPE) is scheduled to release its financial and operating highlights after market close on Monday, June 1. A conference call will be held to elaborate on the results.
For the period, the company is targeted to report revenues between $9.6 billion and $10 billion, or a 26 percent to 31.6 percent increase versus the $7.6 billion posted in the same period last year.
GAAP diluted net earnings per share are also pegged at $0.09 to 0.13, a reversal of the $0.82 loss year-on-year.
Investors are also expected to watch for Hewlett Packard Enterprise Co.’s outlook for the fiscal year 2026, which was earlier targeted to grow by 17 to 22 percent as previously guided in its last analyst meeting. GAAP diluted net EPS is expected to be $1.02 to $1.22.
Aside from earnings, Hewlett Packard Enterprise Co. is also set to participate in the Evercore TMT Global Conference on Tuesday, June 2, as well as the Bank of America Global Technology Conference on Wednesday, June 3.
9. International Business Machines Corporation (NYSE:IBM)
International Business Machines extended its winning streak to a third consecutive day on Friday, climbing 12.71 percent to close at $297.80 apiece, after unveiling plans to invest $15 billion in quantum computers and open source software for the AI era.
In separate disclosures, International Business Machines Corporation (NYSE:IBM) told the Securities and Exchange Commission that it plans to invest $10 billion in quantum computing over the next five years, in line with its plan to build the first large-scale fault-tolerant quantum computer by 2029.
The total amount will be allocated for research and development, capital expenditures, ecosystem partnerships, manufacturing scaling, and mergers and acquisitions, among others.
To date, International Business Machines Corporation has successfully deployed over 90 quantum systems, including more quantum computers than reported by all other industry players combined.
The investment forms part of the company’s promise with the Department of Commerce last week for the development of an American quantum chip foundry (Anderon) to accelerate quantum innovation.
In other news, International Business Machines Corporation also joined forces with Red Hat for the launch of Project Lightwell—a $5 billion program which aims to establish a trusted enterprise clearinghouse combined with a global force of engineers to identify and fix vulnerabilities at scale.
The clearinghouse is said to serve as a security coordination layer, using advanced AI capabilities to validate and test fixes across an unprecedented volume of open source code.
8. Zeta Global Holdings Corp. (NYSE:ZETA)
Zeta Global saw its share prices increase by 24.90 percent on Friday to finish at $22.89 apiece, as investor sentiment was boosted by its chief executive’s highly optimistic outlook about the company.
In a television interview on the same day, Zeta Global Holdings Corp. (NYSE:ZETA) CEO David Steinberg said that its AI platform called Athena “is winning in the marketplace.”
“The truth is, there are very few companies that have implemented AI, and if you look at data, we started working on artificial intelligence in 2017. We put our AI platform live in 2020, and if you look at our business, we’re now [in our] 4th year of 30+ percent compounded growth on an average basis. That’s because our AI is winning in the marketplace,” he noted.
“Clients that are adopting Athena are seeing an even higher return on marketing spend than 600 percent. Our goal is to get clients to 1000 percent return on investment for every marketing dollar they spend through our platform, and I think that turbulence is causing clients to adopt Athena faster, which is one of the reasons I think why our business is growing faster than we originally expected it to.”
7. ServiceNow Inc. (NYSE:NOW)
ServiceNow extended its winning streak to a third straight session on Friday, climbing 14.38 percent to close at $124.37 apiece, as investors continued to load up portfolios ahead of business announcements next week.
In a notice to investors, ServiceNow Inc. (NYSE:NOW) said that it would participate in three conferences on Wednesday, June 3, namely the Evercore TMT Global Conference, the William Blair 4t6h Annual Growth Stock Conference, and BofA Securities’ Global Technology Conference.
Investors are expected to watch out for the company’s business updates and outlook for the rest of the year.
Investor optimism was further supported by the strong adoption of its platform on Amazon Web Services, having surpassed $1 billion in transactions.
“ServiceNow’s $1 billion milestone reflects something larger than a commercial threshold. Enterprises are consolidating their AI infrastructure around platforms they trust, and increasingly, that means combining cloud and foundation model services with orchestration, governance, and workflow execution. ServiceNow’s platform expansion with AWS is a direct response to that demand: customers who have already committed to both platforms now have a single, connected architecture to deploy and scale AI,” ServiceNow Inc. said.
6. Forgent Power Solutions Inc. (NYSE:FPS)
Forgent Power climbed to a fresh all-time high on Friday, as investors took heart from an investment firm’s 27-percent price target upgrade for its stock.
In intra-day trading, the stock climbed to its highest price of $55.19 before trimming gains to end the session just up by 14.93 percent at $54.66 apiece.
In a market note, Jefferies raised its price target for Forgent Power Solutions Inc. (NYSE:FPS) to $56 from $44 previously, while maintaining a buy recommendation, following the latter’s strong earnings performance and evidently increasing market share, with orders surging by 308 percent, as compared with the 100 percent growth across its peers.
Meanwhile, Forgent Power Solutions Inc. announced that it more-than-doubled its attributable net income in the third quarter of fiscal year 2026 to $18.3 million from only $6.88 million in the same period last year. Revenues increased by 103.6 percent to $378.7 million from $186.2 million year-on-year.
Following the results, Jefferies raised its sales and EBITDA growth forecast for the power solutions provider to 15 and 16 percent, respectively.
Forgent Power Solutions Inc. is a designer and manufacturer of electrical distribution equipment for data centers and power grids. It was listed on the New York Stock Exchange only last February.
5. Atlassian Corp. (NASDAQ:TEAM)
Atlassian saw its share prices climb by 15.35 percent on Friday to finish at $107.61 apiece, as investor funds poured back into software stocks amid a flurry of strong earnings from its peers, while loading portfolios ahead of business updates next week.
In a notice to investors, Atlassian Corp. (NASDAQ:TEAM) said that it is set to participate in two conferences over the next few days—the Bank of America Global Technology Conference on Tuesday, June 2, as well as the Mizuho Technology Conference on June 10, a Wednesday.
Investors are expected to watch for business cues, as well as an updated outlook for the short-term period.
In other news, Atlassian Corp. earlier this month unveiled a new flexible commercial called Flex, designed for the AI era.
According to the company, Flex is a new licensing approach to help complex enterprises adopt its AI-powered platform with speed and flexibility amid rapidly transforming business needs.
Rather than predict usage years in advance, Atlassian Corp. said that its largest customers will be able to flex, adopt, and scale across Atlassian’s portfolio, ensuring their investment keeps pace with how their teams actually work.
“Enterprise customers are increasingly tapping into the full breadth of the Atlassian platform, as they look for more ways to connect their teams, work, and knowledge through the power of AI,” Atlassian Corp. CEO Mike Cannon-Brookes said.
“With Flex, our largest customers can stay agile—quickly scale up Rovo, try new apps and innovations, and adapt as their businesses change—while getting full value from what they pay for. No three-year cycles, no predicting seat usage.”
4. BBB Foods Inc. (NYSE:TBBB)
BBB Foods soared by 15.55 percent on Friday to end at $37.82 apiece, after hinting at an expansion program with the raising of $22.75 million in fresh funds from a follow-on offer.
In an updated report on Thursday, BBB Foods Inc. (NYSE:TBBB) announced plans to sell 700,000 Class A common shares at a price of $32.50 to raise funds “for general corporate purposes, which may include making strategic investments.”
The offer forms part of a broader $432 million share sale, the balance of which, covering 12.6 million shares, is set to be sold by certain selling shareholders.
The offer is expected to close on Monday, June 1, subject to customary closing conditions.
BBB Foods Inc. also granted its underwriters a 30-day option to purchase up to 1.995 million additional shares at the FOO price from the company itself, which could potentially boost total funds raised to $87.6 million.
In other news, BBB Foods Inc. posted a 541.8 percent wider net loss in the first three months of the year at 558.2 million Mexican pesos from only 86.98 million Mexican pesos posted in the same period a year earlier.
Total revenues, however, increased by 33.4 percent to 22.86 billion Mexican pesos from 17.13 billion Mexican pesos year-on-year.
3. NetApp Inc. (NASDAQ:NTAP)
NetApp climbed to a fresh all-time high on Friday, as investors took heart from its strong earnings performance in the fourth quarter of fiscal year 2026, supported by the rapidly growing AI.
In intra-day trading, the stock surged to its highest price of $192.83 before paring gains to finish the day just up by 22.39 percent at $174.29 apiece.
In a statement, NetApp Inc. (NASDAQ:NTAP) said that it was able to grow its net income by 19 percent to $404 million from $340 million in the same period last year, while net revenues increased by 12.47 percent to $1.948 billion from $1.732 billion year-on-year.
For the full fiscal year, net income grew by 8 percent to $1.276 billion from $1.186 billion, while net revenues inched up by 5 percent to $6.925 billion from $6.572 billion year-on-year.
“Fiscal year 2026 was a landmark year for NetApp with record results across revenue, gross profit, operating income, cash flow from operations, and free cash flow. Our industry-leading hybrid cloud, intelligent data infrastructure platform, trusted by the world’s leading organizations, is powering customers’ AI driven transformations, delivering secure, high-performance access to data wherever it resides,” NetApp Inc. CEO George Kurian said.
“We achieved our target operating margin while launching next-generation AI solutions and expanding strategic partnerships. As enterprises scale their AI ambitions, NetApp’s unified data platform and flexible offerings position us for sustained growth,” he noted.
2. Okta Inc. (NASDAQ:OKTA)
Okta saw its share prices climb to a fresh four-year high on Friday, as investor sentiment was boosted by its strong earnings performance in the first quarter of fiscal year 2027.
In intra-day trading, the stock surged to a record high of $124.79 before paring gains to end the session just up by 30.14 percent at $123.27 apiece.
In a statement, Okta Inc. (NASDAQ:OKTA) said that it grew its net income during the period by 19 percent to $74 million from $62 million.
Revenues increased by 11 percent to $765 million, thanks to an 11 percent jump in subscription revenues at $750 million.
“AI agents are rapidly becoming a new workforce inside every organization, creating a wave of identities that must be secured and governed alongside human users,” Okta Inc. CEO Todd McKinnon said.
“We’re expanding our opportunity as the world’s leading independent and neutral identity provider and helping customers make identity the unified control plane for their secure agentic enterprise,” he noted.
Looking ahead, Okta Inc. is confident about the prospects for its business, with revenues in the second quarter expected to grow by 9 percent year-on-year to $790 million.
For the full fiscal year, total revenues are projected at $3.185 billion to $3.205 billion, representing growth of 9 to 10 percent year-on-year.
1. Dell Technologies Inc. (NYSE:DELL)
Dell Technologies extended its winning streak to a 7th straight session on Friday to climb to a new all-time high, as investors gobbled up shares after the company clinched a new $10-billion contract with the US government and posted a strong earnings performance in the first quarter of fiscal year 2027.
In intra-day trading, the stock climbed to its highest price of $429.15 before paring gains to finish the session just up by 32.76 percent at $420.91 apiece.
The Department of Defense announced on Wednesday that it awarded Dell Technologies Inc. (NYSE:DELL) a five-year contract to deliver a suite of software to the US military, including Microsoft 365, advanced cloud subscriptions, and on-premises licensing capabilities.
The company bested other competitors under a competitive selection process.
Dell Technologies Inc. is a major buyer of Windows PC licenses and maintains a long-term partnership with Microsoft.
The Pentagon said that the agreement is expected to save the agency $422 million annually by consolidating existing IT budgets into a single, efficient vehicle.
In other news, Dell Technologies Inc. posted a strong earnings performance in the first quarter of the year, with net income soaring by 256 percent to $3.4 billion from only $965 million in the same period last year. Net revenues increased by 88 percent to $43.8 billion from $23.4 billion year-on-year.
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