Here are some of the market's biggest gainers for Thursday:
1. Zscaler | Percentage Increase 26%
Zscaler (ZS) - Get Zscaler, Inc. Report was up sharply as analysts heaped praise on the cloud-based network security platform. The company beat Wall Street's fiscal first-quarter earnings expectations and raised its guidance. Wedbush analyst Daniel Ives, for example, raised his price target to $185 from $175.
2. Nesco Holdings | Percentage Increase 38%
Nesco Holdings (NSCO) - Get Nesco Holdings Inc Report rose after the specialized equipment company said it would buy Custom Truck One Source for $1.48 billion and receive an $850 million equity investment from an affiliate of Platinum Equity. The Platinum investment will be in exchange for Nesco common stock priced at $5 a share. The shares closed Thursday at $6.
3. Elastic NV | Percentage Increase 13%
Shares of Elastic NV (ESTC) - Get Elastic NV Report were climbing after the application software company beat Wall Street's second-quarter expectations. Revenue totaled $144.9 million, up 43% from a year ago. Calculated billings rose 42% to $177.7 million. SaaS revenue was $37.4 million, an increase of 81%.
4. Everi Holdings | Percentage Increase 17%
Everi Holdings (EVRI) - Get Everi Holdings, Inc. Report rose after the gambling equipment company and WinStar World Casino and Resort announced the initial launch of the WinStar Wallet, a mobile solution that enables cashless and touchless funding of electronic game play throughout a casino floor.
5. Silicon Motion Technology | Percentage Increase 8%
Silicon Motion Technology (SIMO) - Get Silicon Motion Technology Corp. Report advanced after Wedbush added the Hong Kong-based semiconductor company to its Best Ideas List. The move came in light of Silicon Motion's positive outlook around the current environment and what it sees as an increasingly favorable setup through the coming calendar year into 2022.