Top Tech Stocks
Technology stocks are lower today with shares of technology
companies in the S&P 500 declining over 0.4%.
In company news, Performance Technologies (
) is finishing today's session with a nearly 86% advance at $2.36 a
share - earlier more than tripling in price to a new 52-week high
of $3.97 after returning to a Q2 profit and growing revenue.
The network equipment and software company earned $0.06 per
share on a non-GAAP basis, reversing a $0.12 net loss in the
Revenue rose 42% over the same quarter last year to $7.1
million. No analyst estimates for revenue were available for
The company as recently as early May was under threat of
delisting from the Nasdaq exchange because its share price had
closed below the $1 a share minimum for more than 30 days in a
In other sector news,
(+) UBNT, Q4 net income of $0.33 per share, ex items, beats by
$0.06. Revenue rises 6.7% to $101.2 mln, exceeding the Street view
by $7.92 mln. Issues upside Q1 guidance, with projected EPS topping
analyst expectations by $0.11 or more.
(-) WWWW, Prices $225.0-mln offering of 1.00% senior convertible
notes due 2018.
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