ZS - Ambarella Posts Upbeat Results Joins Gap PagerDuty Elastic And Other Big Stocks Moving Higher On Friday | Benzinga

U.S. stocks were mixed, with the Nasdaq Composite falling around 1% on Friday.

Shares of Ambarella, Inc. (NASDAQ:AMBA) rose sharply during Friday's session following strong first-quarter earnings and upbeat second-quarter guidance.

Ambarella posted adjusted loss of 26 cents per share, compared to market estimates for a loss of 31 cents per share. The company's quarterly sales came in at $54.473 million beating expectations of $53.875 million, according to data from Benzinga Pro.

Ambarella shares jumped 23% to $59.42 on Friday.

Here are some other big stocks recording gains in today's session.

• Latam Logistic Properties, S.A. (NYSE:LPA) shares jumped 79.5% to $464.77.
• The Gap, Inc. (NYSE:GPS) shares jumped 21.6% to $27.38 after reporting strong quarterly results
• AC Immune SA (NASDAQ:ACIU) gained 16.6% to $4.6310. BTIG analyst Thomas Shrader initiated coverage on AC Immune with ...

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