Sector Update: Technology Shares are Mixed in Pre-Market; Cisco to Acquire Composite Software for $180 Mln

By
A A A

Top Technology Stocks:

MSFT: -0.81%

AAPL: -0.35%

IBM: -0.22%

CSCO: -0.28%

GOOG: -0.47%

Technology shares are weighed in pre-bell trading with Cleantech Solutions International ( CLNT ) saying the company has received purchase orders totaling RMB 12.2 million (approximately $2.0 million) for 21 airflow-dyeing machines from a new domestic customer. CLNT is flat at $5.17.

And Methode Electronics ( MEI ) shares are up 3% before the bell after the company reported fiscal Q4 earnings and revenue that topped expectations.

Sales gained 17% to $148.3 million, above forecasts for $128.9 million. Net income was $0.27 a share, up from $0.15 a year earlier. Adjusted EPS came in at $0.24. Analysts estimated EPS of $0.15.

Finally, Cisco ( CSCO ) says it will acquire Composite Software for $180 million. CSCO is down 0.5% before the opening bell.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: CLNT , CSCO , MEI

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

112,131,130
  • $74.98 ▲ 5.18%
57,963,905
  • $8.32 ▲ 8.33%
48,392,602
  • $3.45 ▼ 0.29%
45,276,527
  • $36.17 ▲ 4.21%
44,800,927
  • $17.84 ▲ 0.34%
44,539,649
  • $97.03 ▼ 0.16%
44,078,180
  • $15.62 ▲ 0.64%
43,461,551
  • $35.50 ▼ 1.06%
As of 7/24/2014, 04:04 PM