Tech Sector Just Underwater For Session; Aspen Tech Leaves Peers Behind, Climbs to 12-Year High

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Top Tech Stocks

MSFT +0.34%

AAPL +1.58%

IBM -0.51%

CSCO -0.33%

GOOG -0.46%

Technology stocks are narrowly lower, with shares of technology companies in the S&P 500 declining just 0.1%.

In company news, Aspen Technology ( AZPN ) is up more than 7% at $37.73 a share, earlier surging to a 12-year high at $39.02 after posting Q1 EPS of $0.19, beating the Thomson Reuters consensus by $0.04 per share.

Revenue rose 22.5% year over year to $87.57 million, also exceeding analyst estimates by $2.56 million.

In other sector news,

(+) NANO, (+15.0%) Climbs to best price since February 2012 after posting smaller-than-expected $0.20 per share net loss. Revenue also topped expectations.

(-) IACI, (-11.1%) Q3 revenue rises 5.9% from year-ago levels to $756.87 mln but still trails analyst forecasts by $48.4 mln - or about 6%. The online media company earns $1.29 per share, beating the consensus view by $0.34.



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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: AZPN

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