Technology stocks are higher today with shares of technology
companies in the S&P 500 advancing about 0.7%.
In company news, SolarCity (
) is ahead over 25% at $48.03 a share, just 10 cents off its
session high after confirming guidance it expects to deploy between
475 megawatts to 525 megawatts of solar panels during 2014.
SCTY also said it still expects to deploy around 278 megawatts
this year after installing around 78 megawatts of panels during
In other sector news,
(+) OCLR, Sells its fiber amplifier and micro-optics business to
) for $88.6 mln. IIVI expects the deal to be accretive to EPS in
FY15. OCLR chief financial officer Jerry Turin also leaving the
company, effective Nov. 8.
(-) SGI, Cuts Q1 EPS outlook to $0.02 to $0.04 from $0.07 to
$0.14. Also sees $147 mln in revenue, down from $160 mln to $170
mln. Street is at $0.09 per share on $165.5 mln in revenue. Said
government shutdown could reduce FY14 revenue by up to 10%.
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