Sector Update: Technology


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 ( BLIN ) 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 services.

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 $4.23 mln.

(-) 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.

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

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This article appears in: Investing , Commodities

Referenced Stocks: BLIN

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