3 Breakout Stocks to Watch After Friday’s Big Tech Rally

The stock market staged a significant rally today, with the S&P 500 Index ($SPX) climbing 2.1% by the close. The rally was particularly strong in the technology sector, as evidenced by a 2.6% surge in the Nasdaq Composite ($NASX), with quantum computing companies leading the charge after well-received earnings from D-Wave Quantum (QBTS). 

Despite ongoing trade tensions with China and Europe, investors appeared to focus on the prospect of a bipartisan budget agreement and fresh policy support out of Beijing, driving a broad-based rally across major indices.

#1. Rubrik (RBRK), up +27.79% to $70.64

Rubrik (RBRK) stock surged significantly on Friday, primarily driven by the company's outstanding fourth-quarter financial results. The cybersecurity firm reported impressive revenue growth of 47% year-over-year, reaching $258.1 million, with particularly strong performance in its subscription business which grew 54%. 

In particular, Rubrik’s successful transition to positive free cash flow - generating $21.6 million in fiscal 2025 compared to a negative $24.5 million the previous year - boosted investor confidence significantly. The market was also encouraged by management's optimistic outlook for fiscal 2026, with projected revenue between $1.145 billion and $1.16 billion, exceeding analyst expectations. 

The blowout report sparked some positive analyst sentiment, including a bullish endorsement from Wedbush, with the firm concluding, “Overall, this was another massive quarter for the RBRK growth story which we believe is still in the early innings with the market for cyber resilience estimated to hit $53 billion by 2027.”

Thanks to today's breakout in RBRK, the stock closed above its 50-day moving average for the first time since Feb. 20.

#2. DocuSign (DOCU), up +14.81% to $85.76

DocuSign (DOCU) stock also surged after earnings as investors reacted to the company's impressive Q4 fiscal 2025 earnings report. Revenue rose 9% year-over-year to $776.3 million and billings increased 11% to $923.2 million, largely attributed to the successful adoption of their new AI-powered Intelligent Agreement Management platform. 

Investors were particularly encouraged by DocuSign's expanding customer base, which grew 10% to reach nearly 1.7 million customers, along with its improved dollar net retention rate of 101%. The company's robust profitability, with 29% non-GAAP operating margins and substantial free cash flow of $280 million, further bolstered investor confidence. 

While management's fiscal 2026 revenue guidance of 5% growth appears conservative, the market responded positively to DocuSign's strategic focus on enterprise adoption and AI-powered innovation, suggesting strong potential for future growth.

“Also worth noting that management is not seeing a meaningful macro headwind at this time, likely due to the diversity of the customer base,” wrote Evercore ISI analyst Kirk Materne in a note to clients.

#3. Strategy (MSTR), up +13.00% at $297.49

Crypto-related stocks demonstrated significant gains today, with industry leader Coinbase (COIN) climbing 3.17% to $183.12 and MicroStrategy (MSTR) surging an impressive 13%.

The rally appears to be primarily driven by hopes for a stablecoin bill, which just cleared the Senate Banking Committee. Major institutional support also continues to bolster confidence in the sector, exemplified by ARK Invest's recent $5.2 million investment in Coinbase shares. 

Today’s positive momentum extended across the crypto mining subsector as well, with companies like Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and Bitfarms (BITF) all trading higher as the industry benefits from improving regulatory clarity. 

Despite recent macroeconomic headwinds, including Trump's tariff policies and recession fears, today's rally suggests investors are becoming increasingly optimistic about the long-term prospects of crypto-related companies, including massive corporate Bitcoin holder MSTR.