Sector Update: Technology Shares Buoyant Pre-Market; Yahoo Rises on Expanded Buy-Back Program

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Top Technology Stocks:

MSFT: +0.11%

AAPL: +0.05%

IBM: -0.09%

CSCO: +0.05%

GOOG: +0.27%

Technology shares are higher in pre-bell trading, while Yahoo! ( YHOO ) is up about 2% in pre-market trading, after strong gains in the after-hours session, on the company's disclosure it is raising its share buyback plan to a total of $5 billion.

The stock recently traded at $35.72 after hitting an earlier pre-bell high of $35.90, nearing the top of its 52-week range of $17.87 - $36.19.

And, Model N ( MODN ) shares are down 6.4% as it reports Q4 revenue of $27.8 mln, up from $23.2 mln last year and vs. the analyst consensus of $27.6 mln on Capital IQ. EPS was $0.15, up from $0.11 per share last year and ahead of expectations of $0.03 per share, if comparable.

For Q1, the company is guiding for revenue of $21 to $21.5 mln and a loss of $0.10 to $0.13, vs. the Street view of $20.3 mln in revenue and a loss of $0.07 per share.



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: MODN , YHOO

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