Sector Update: Technology

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Technology shares are generally higher in pre-market trading today.

In technology stocks news, Xyratex ( XRTX ) reports Q4 revenue of $85.3 mln, down 30% from year ago levels and below the analyst consensus of $209 mln on Capital IQ. Non-GAAP loss was $0.03 per share, narrower than the year ago loss of $0.24 per share but below expectations of a profit of $0.09 per share, if comparable.

The company announced in December it is being acquired by Seagate Technology.

And, Twitter ( TWTR ) is up 4% in pre-market after shares lost 17% last week. The stock is boosted in part by the fact that Goldman increased its price target to $65 from $46, maintaining a Buy rating.



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This article appears in: Investing , Commodities

Referenced Stocks: XRTX

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