Technology stocks are moderately higher, with shares of
technology companies in the S&P 500 rising 0.3% this
In company news, online restaurant-reservation service OpenTable
) is 1.25% higher at $70.60 a share following an upgrade to
Overweight from Neutral at Piper Jaffray, which also raised its
price target for the stock by $15 to $80 a share.
Shares spiked as high as $72.47 each early in the session for a
nearly 4% advance before falling to their current range,
interrupted by an extended mid-day rally that lifted the stock back
over $71 before dissipating.
In other sector news,
(+) CMTL, (+7.8%) Q4 GAAP earnings of $0.28 per share beat
Capital IQ Consensus by $0.05 per share. Revenue declines 25.2%
year over year to $84.4 mln, also topping Street estimates by $4.11
mln. Issues in-line guidance for FY14.
(-) XRTX, (-6.5%) Q3 revenue fall 21.1% year over year to $217.3
mln but still beats analyst consensus by $7.99 mln. EPS of $0.21,
ex items, beats by $0.13 per share. Sees Q4 earnings, revenue
in-line with estimates.
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