US Stocks That Surged Higher: $CNDT $GRPN $OPGN

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Conduent Reports Exceptional Q2 Results with Revenue Growing 90% YoY

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Conduent Inc. (NASDAQ:CNDT) stock was amongst top gainers in yesterday's trading session jumping 82.74%. The comes after the company reported stronger than anticipated revenue and adjusted EBITDA in Q2 2020. Total contract value signings in the quarter were up 90% YoY and 92% QoQ at $623 million. On the other hand, annual recurring revenue grew 25% YoY and 84% QoQ to $105 million.

Recently the Department of Health and Human Services of Michigan picked Conduent as the provider of child support payment services for around 845,000 parents and children in the state. The company will manage the Michigan Centralized Stated Disbursement unit that receives and distributes children's support to families through debit cards, check, and electronic deposits.

Groupon Tops Analysts Estimates To Post Q2 2020 Revenue of $395.6 Million

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Groupon Inc. Common Stock (NASDAQ:GRPN) is also amongst the top gainers in yesterday's trading session after it jumped 56.66%. In the second quarter, the company had a loss of $72.1 million or $2.53 per share while adjusted loss per share was $0.93. These results however topped Wall Street estimates of a loss of $2.63 per share. Revenue was $395.6 million topping Street projections of $184 million.

The company is enhancing summer experience for vacationers in Miami with The Florida Groupon deal which can enable customers to rent jet skis cheaply through Warrior Watersports. The Groupon deal offers a one-hour jest ski rental for $14 only which will usually cost $150. The 1-hour rental for two that normally goes for $100 can now be gotten for $15 only.

OpGen Enters Co-Promotion Partnership With Menarini For Its CELLSEARCH CEC Kit

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Another top gainer in yesterday's session is OpGen Inc (NASDAQ:OPGN) which surged 2.49%. The company is scheduled to release its Q2 2020 financial results and corporate update on August 12, 2020, after US markets close followed by a conference call to discuss the results.

Recently the company entered a co-promotion partnership with Menarini Silicon Biosystems for its CELLSEARCH Endothelial Cell kit that is vital in studying COVID-19 progression as well as other related products. OpGen will be marketing and selling the CELLSEARCH CEC Kit as well as other products to various healthcare providers and researchers across North America. The focus of the partnership is marketing the CELLSEARCH system for Circulation Endothelial Cell application.

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