Technology stocks were moderately higher shortly before today's
early closing bell with shares of technology companies in the
S&P 500 gaining 0.4%.
In company news, Cree Inc (
) shares rose Thursday after analysts at Oppenheimer today raised
their investment rating for the maker LED bulbs to Outperform from
Market Perform, maintaining a $59 price target.
CREE shares were ahead about 5.3% at $52.95 each in recent
trade, earlier advancing to a session high of $53.33 a share. The
stock has a 52-week range of $44.52 to $76.00 a share, falling
about 21% over the past 12 months.
In other sector news,
(+) ATNY, (+5.7%) Receives new order to supply high-power
amplifier systems for the Department of Defense, the initial part
of a multi-million dollar program. First production delivery is
expected in May 2015.
(-) SNX, (-5.8%) Projected Q3 EPS of $1.45 to $1.50 trails
estimates by at least $0.03 per share but revenue guidance tops
Street view by at least $20 mln. Q2 net income of $1.52 per share
on $3.45 bln in revenue both top Capital IQ consensus.
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