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2020-11-03 17:37
Stocks were surging Tuesday, led by stocks in the financial and industrial sectors, as Americans choose their next president.
Here of some of the top stock gainers for Tuesday: 1. Arista Networks | Percentage Increase 15%
Arista Networks( ANET ) - Get Reportsoared as analysts issued positive comments after the cloud software company reported stronger-than-expected earnings for the third quarter. Analysts at William Blair said Arista has hit an inflection point, with management’s tone improving “night-and-day” from recent quarters. 2. GW Pharmaceuticals | Percentage Increase 20%
GW Pharmaceuticals( GWPH ) - Get Reportshares rose after the British drugmaker posted better-than-expected third-quarter revenue and earnings. Revenue growth was strong in the quarter despite the challenges presented by Covid-19, CEO Justin Gover said in a statement. 3. TeleNav | Percentage Increase 20%
TeleNav( TNAV ) - Get Reportclimbed after the automotive navigation company said it had agreed to be acquired by V99 Inc. for roughly $241 million in an all-cash transaction. The deal is expected to close in the first quarter of 2021. Separately, Telenav reported first-quarter results that beat Wall Street's expectations. 4. Inspire Medical Systems | Percentage Increase 23%
Shares of Inspire Medical Systems( INSP ) - Get Reportjumped after the medical technology company beat Wall Street's third-quarter earnings expectations. Revenue climbed 72% from a year ago, the company said, reflecting its strong restart after the coronavirus pandemic shutdown lessened. 5. Addus Homecare | Percentage Increase 12%
Addus Homecare( ADUS ) - Get Reportrose after the personal care services company beat Wall Street's third-quarter earnings expectations. Revenue grew 14.8% to $194 million, and the company said it saw improving volumes during the third quarter as some Covid–19 restrictions were lifted.