Technology stocks were giving up much of their earlier gains
today with shares of technology companies in the S&P 500 up
0.2% in late trade.
In company news, Brideline Digital (
) rallied Friday, with shares of content management software firm
climbing to some of their best levels in over a month after
announcing a multi-year contract with an unidentified healthcare
communications technology company.
According to BLIN, the client will use its iAPPSds platform to
support around 3,700 independent physician and dentist
micro-websites. The agreement has an initial term of three year and
was valued at around $7 million in iAPPS licensing fees and related
Shares climbed nearly 48% in a mid-morning surge, reaching a
peak of $1.30 each before easing into their more recent range
around $1.13 a share, up 28.4%. The stock has a 52-week range of 67
cents to $1.50 a share.
In other sector news,
(+) PAMT, Said name change to Turtle Beach and ticker change to
HEAR will be complete by May. Sees 10% rise in Q1 revenue over
year-ago levels. FY14 revenue projected in a range of $1.21 mln to
(-) RHT, Forecasts Q1 and FY15 EPS that each trail analyst
estimates by at least $0.04 per share; revenue guidance was
in-line. Q4 earnings of $0.39 per share top consensus by $0.02
while $399 mln in revenue matched Street view.
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