Technology stocks are higher today with shares of technology
companies in the S&P 500 rising about 0.6%.
In company news, Perion Network (
) is down near 12% but edging off its lows for the session that
followed the software company reporting Q2 sales of $24.4 million,
trailing the Thomson Reuters mean by $1.32 million. The company
earned $0.26 per share, also missing estimates expecting a $0.33
Looking forward, PERI said its sees Q3 sales between $20 million
and $22 million, adding it expects to meet its FY13 guidance.
The company also today announced a multi-year search and
distribution relationship with Yahoo (
), with CEO Josef Mandelbaum saying PERI is now partnered with four
search providers, further diversifying its search-advertising
In other sector news,
(+) PTIX, (+42.7%, near 52 week highs) Extending rally ignited
by better-than-expected Q2 results last week.
(-) RMBS, (-3%) Completes $300-million private placement of
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