Top Tech Stocks
Technology stocks are posting steep declines with shares of
technology companies in the S&P 500 sinking about 0.8%.
In company news, CEVA (
) is down 15.7% at $14.41 a share shortly before the close, adding
to earlier losses after the licensor of silicon intellectual
property said it expects to report total revenues of around $10
million in Q3, trailing its prior guidance of $11.5 million to
The Street is looking for $12.1 million in quarterly
"Our licensing and related revenues came in lower than projected
for the third quarter due mainly to not closing a significant
license agreement," CEO Gideon Wertheizer said.
In other sector news,
(+) CAMP, Fiscal Q2 EPS of $0.19 beats Capital IQ consensus by
$0.03 per share. Revenue rises 33.6% year over year to $58.8 mln,
also topping estimates by $4 mln. Issues in-line EPS guidance for
Q3, projected revenue beats by at least $1.2 mln.
(-) ALTI, Energy-storage names new chief financial officer after
disclosing the predecessor in the post along with the company
president were fired and two directors resigned on Sept. 26.
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