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Joe's Jeans (NASDAQ: JOEZ) rose 21.36% to $1.25 on Q2 results. The company reported a 56% surge in its quarterly revenue.

InterCloud Systems (NASDAQ: ICLD) shares surged 15.71% to $6.48 after the company announced an update on network solution sales.

American Apparel (NYSE: APP) shares gained 14.40% to $1.18 after jumping 19% on Thursday.

Digital Ally (NASDAQ: DGLY) rose 10.73% to $8.01 following Thursday's 127% gain.

Can-Fite BioPharma (NYSE: CANF) rose 7.60% to $4.53.

ChannelAdvisor (NYSE: ECOM) surged 7.17% to $24.82. Deutsche Bank upgraded Channel Advisor from Hold to Buy. ChannelAdvisor is expected to release its Q2 financial results on August 4, 2014.

Lorillard (NYSE: LO) climbed 4.49% to $65.92. Lorillard confirmed that Lorillard and Reynolds American (NYSE: RAI) are engaged in discussions regarding RAI's potential acquisition of Lorillard. Cowen & Company initiated coverage on Lorillard with a Underperform rating.

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