Sector Update: Technology


Technology shares were mixed in pre-market trading on Tuesday.

In technology stocks news, Gilat Satellite Networks ( GILT ) was down about 4% after it reported Q4 earnings that missed analysts' expectations but struck an upbeat tone about 2014.

The provider of products and services for satellite-based broadband communications said its non-GAAP loss was $0.02 per share compared to a profit of $0.15 the year earlier. Analysts had expected Gilat to break even on a per-share basis. Meanwhile, revenue fell to $55.7 million from $76.5 million, a large miss if comparable to analysts' $90.95 million average estimate.

And, Nova Measuring Instruments ( NVMI ) rose about 4.5% in pre-market trading after reporting Q4 earnings that were in line with analysts' estimates and as it struck an upbeat tone for 2014.

The provider of metrology solutions to the semiconductor process control market said its Q4 non-GAAP earnings rose to $0.15 per share from $0.04 the year earlier, in line with the average estimate from analysts polled by Capital IQ.

Sales meanwhile rose 37% to $30.2 million, topping the $28.9 million consensus.

Finally, hardware and software security systems company VASCO Data Security ( VDSI ) reported better-than-expected financial results for Q4 and provided its outlook for revenues in fiscal 2014.

VDSI reported Q4 earnings from continuing operations of $0.09 per share, compared with the prior-year period's $0.05 per share. Revenue was $43.3 million, up 11% from $38.8 million in the same quarter last year.

Analysts polled by Capital IQ were expecting EPS of $0.06 on revenues of $40 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: GILT , NVMI , VDSI

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