Zoom Upbeat Q1 Results, Joins Lionsgate Studios, Ross Stores And Other Big Stocks Moving Higher On Friday

U.S. stocks were higher, with the Dow Jones index gaining over 300 points on Friday.

Shares of Zoom Communications Inc (NASDAQ:ZM) rose sharply after the company reported better-than-expected first-quarter financial results and raised its FY27 guidance above estimates. Also, the company announced its board authorized the repurchase of an additional $1.0 billion of its outstanding Class A common stock.

Zoom reported revenue of $1.24 billion for the first quarter, beating the consensus estimate of $1.22 billion. The company posted first-quarter adjusted earnings of $1.55 per share, beating analyst estimates of $1.42 per share, according to Benzinga Pro.

Zoom shares jumped 11.6% to $107.98 on Friday.

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

• Immuneering Corp (NASDAQ:IMRX) shares jumped 27.1% to $6.63 after the company announced a 17.3-month median overall survival in first-line metastatic pancreatic cancer patients treated in its Phase 2a clinical trial evaluating atebimetinib.
• Infleqtion inc (NYSE:INFQ) gained 19.3% to $17.53.
• Assembly Biosciences Inc (NASDAQ:ASMB) gained 17.5% to $31.15 after the company announced plans to expand the clinical development of ABI-6250. The company priced its $100 million offering of 3,358,602 shares at $26.50 per share.
• Imax Corp (NYSE:IMAX) gained 15.7% to $39.23 following reports suggesting the company is exploring a sale.
• Rigetti Computing Inc (NASDAQ:RGTI) gained 13.8% to $25.10.
• Harmonic Inc (NASDAQ:HLIT) gained 13.5% to $14.42.
• Dell Technologies Inc (NYSE:DELL) rose 12.4% to $284.18.
• Estee Lauder Companies Inc (NYSE:EL) shares jumped 12% to $88.01 after the company announced it terminated discussions regarding a potential business combination with Puig.
• GSI Technology, Inc. (NASDAQ:GSIT) gained 11.7% to $10.34.
• Elevra Lithium Limited (NASDAQ:ELVR) gained 11.3% to $96.61.
• HP Inc (NYSE:HPQ) gained 11.1% to $24.36.
• Lionsgate Studios Corp (NYSE:LION) gained 10.3% to $14.23 following upbeat quarterly earnings.
• Navitas Semiconductor Corp (NASDAQ:NVTS) jumped 10.2% to $26.86.
• Vishay Intertechnology Inc (NYSE:VSH) gained 9.5% to $46.18.
• AST SpaceMobile Inc (NASDAQ:ASTS) rose 9.2% to $105.04.
• BlackBerry Ltd (NYSE:BB) shares climbed 9.1% to $7.26.
• NetApp Inc (NASDAQ:NTAP) gained 8.7% to $134.91.
• Wolfspeed Inc (NYSE:WOLF) gained 8.7% to $75.63.
• Intuitive Machines Inc (NASDAQ:LUNR) rose 7.8% to $36.92.
• Ross Stores Inc (NASDAQ:ROST) gained 6.8% to $232.04 after the company reported better-than-expected first-quarter financial results and raised its FY26 GAAP EPS guidance above estimates.

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