Why CAE Inc. (CAE) Soared on Friday?

We recently published a list of Shares of 10 Firms Soar on Friday. In this article, we are going to take a look at where CAE Inc. (NYSE:CAE) stands against other firms that soared on Friday.

Wall Street finished mixed anew on Friday, as investors continued to weigh fresh developments on tariffs and inflation data.

The Nasdaq was the sole index eking out gains, up 0.41 percent. The Dow Jones decreased by 0.37 percent while the S&P 500 was little changed, dipping 0.01 percent.

In line with Nasdaq’s rally, 10 companies predominantly under the technology sector led the charge. In this article, we detailed the reasons behind their stellar performance.

To come up with this list of biggest advancers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A ground crew preparing an aircraft for launch, a sense of urgency in their movements.

CAE Inc. (NYSE:CAE)

CAE Inc. (NYSE:CAE) saw its share prices rally by 13.91 percent on Friday to finish at $26.78 each after posting stellar earnings performance in the third quarter of fiscal year 2025.

On Thursday, CAE (NYSE:CAE) said net income attributable to shareholders expanded by 198 percent to $168.6 million from $56.5 million in the same period a year earlier, as revenues rose 12 percent to $1.22 billion from $1.09 billion year-on-year.

Adjusted earnings per share were higher by 21 percent at $0.29 versus $0.24 year-on-year.

For the rest of the year, CAE President and CEO Marc Parent said that the company remains on track to meet its previously stated three-year EPS target while achieving strong order intake, backlog, and free cash flow, saying that its success is a testament to the company’s unique culture.

CAE Inc. (NYSE:CAE) is a global technology firm specializing in providing training and simulation solutions for critical roles, primarily focused on pilot training, cabin crew training, and defense and security operations.

Overall, CAE ranks 9th on our list of firms that soared on Friday. While we acknowledge the potential of CAE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CAE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.