Top Tech Stocks
Technology stocks were little changed this afternoon with shares
of technology companies in the S&P 500 down less than 0.1%.
In company news, Voxeljet AG (
) is well off its worst levels of the session, with shares of the
maker of three-dimensional printers reporting a wider per-share Q2
net loss compared with year-ago levels, also trailing analyst
forecasts for the the period.
The company reported a Q2 net loss of $0.51 (0.38 euros) per
American depository share, expanding on a $0.32 (0.24 euros) per
ADS loss last year and lagging the Capital IQ consensus by $0.45
Revenue climbed 31% to $3.65 million (2.73 million euros),
edging out analyst estimates by around $90,000.
Looking forward to its fiscal year ending in December, VJET also
disappointed investors by forecasting 50% revenue growth. The
Street is looking for at least 53% revenue growth during FY14.
VJET ADS were down almost 2% at $15.88 apiece, rebounding from a
7% decline earlier today to $15.11 per ADS. The stock has traded
within a range of $12.85 to $70.00 since pricing its initial public
offering at $13 per ADS last October, rising 24.4% over that
In other sector news,
(-) AZPN, (-10.6%) Q4 adjusted earnings of $0.31 per share top
Capital IQ consensus by $0.10 per share. Revenue climbs 21.8% year
over year to $101.5 mln, topping estimates by around 4.53 mln.
(-) OCLR, (-9.4%) Forecasts Q1 revenue in a range of $83 mln to
$91 mln, trailing Wall Street expectations by at least $8.3 mln.
Blames sales slowdown for 40G and lower-speed legacy products but
expects "strong demand for new 100G products" in FY15.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.