Technology stocks are slightly lower today with shares of
technology companies in the S&P 500 falling less than 0.1%.
In company news, Pegasystems Inc. (
) is down 0.8% in late trade at $48.20 a share, well under its
$48.93 intra-day high that followed the business software company
extending its stock buyback program through Dec. 31, 2014,
authorizing up to $15 million more of its shares.
Since the start of the year, PEGA had purchased 378,073 shares
at an average of $31.62 each, or about $11.8 mln overall, through
In other sector news,
(+) FTR, Announces deal to acquire AT&T's (
) wireline residential and business services and associated assets
in Connecticut for $2 bln in cash. Acquisition is seen adding to
per-share free cash flow during the first year after closing.
, Atlantic Equities downgrades the micro-blogging service, cutting
its rating to Neutral from Overweight but boosting its price target
by $16 to $50 a share. Thirteen of 17 analysts tracking TWTR now
have ratings of Hold or worse for the stock.
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