NEW YORK (TheStreet) -- Expedia (EXPE) - Get Report surged by double-digits Friday after the online travel booking site posted stronger-than-expected revenue and earnings and received a price target increase. FireEye (FEYE) - Get Report plunged after posting quarterly results that showed revenue growth slowed and the software security vendor announced the departure of its CFO. Nvidia (NVDA) - Get Report edged lower after announcing a recall of its tablet computers.
Expedia spiked 12.9% to close at $121.44.
The online travel site jumped after beating Wall Street's second-quarter earnings expectations, receiving a price target increase and also boosting its dividend.
Expedia reported adjusted earnings of 89 cents a share, surpassing analysts' estimates of 84 cents per share, according to a Reutersreport. The company also announced it raised its September dividend to 24 cents per share, a 33% increase over its previous dividend, according to Reuters.
Meanwhile, Jefferies raised its Expedia price target to $115 per share from $106 a share. Jefferies, however, maintained its hold rating.
FireEye plummeted 6.9% to end the session at $44.49.
The shares tanked following the security software vendor announcing CFO Michael Sheridan will be leaving the company to join a privately held company. Its vice president of finance, Frank Verdecanna, will serve as interim CFO, according to a Reutersreport.
Investors may have also been spooked by a slowdown in revenue in the company's second-quarter results, which it announced in conjunction with its CFO departure news. During the quarter, FireEye's revenue grew 55.8% in the June quarter, compared to more than 90% that it typically posts, according to Reuters.
FireEye was also dinged by Gabelli & Co., which downgraded the company Friday to a sell from a hold, according to Briefing.com.
Investors pushed away from the stock, despite FireEye beating analysts' second-quarter estimates and raising its revenue outlook for the year. FireEye reported an adjusted loss of 41 cents a share on revenue of $147.2 million, compared with analysts' expectations of a loss of 48 cents a share on revenue of $143.2 million, according to Reuters.
The security vendor also raised its full-year revenue forecast to $630 million to $645 million from $615 million to $635 million, while analysts had been expecting $631.6 million, Reuters noted.
Nvidia fell 0.4% to finish the day at $19.95.
The graphics chip maker was slightly hit as it recalled 83,000 Nvidia Shield tablet computers due to a fire hazard, according to a MarketWatchreport. The recall was prompted by the tablet batteries overheating and presenting a fire hazard, a situation that resulted in four incidents, according to the report. Two of the cases damaged flooring, according to MarketWatch.
The recall affects the 8-inch Nvidia Shield tablets that were sold from July 2014 to July 2015, according to a Fortunereport.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.