Top Tech Stocks
Technology stocks were slightly higher today, reversing earlier
losses and shares of technology companies in the S&P 500
gaining about 0.1%.
In company news, FalconStor Software (
) shares rose as much as 11% on Friday after the data protection
and storage company posted a profit in its latest reporting period
after sharply reducing expenses to reverse a net loss in the
The company earned $874,811, or $0.01 per share, during the
final three months of 2013, turning around a $2.3 million net loss
during the same period last year. Revenue declined 34.8% year over
year to $14.6 million.
No analyst estimates were available for comparison.
"The company's improving financial picture reflects the
completion of our stabilization efforts and the steps we're taking
to build for future growth," according to CEO Gary Quinn in
FALC shares were up just over 6% at $1.58 apiece in
mid-afternoon trade, earlier climbing to an intra-day high of
$1.65. The stock has a 52-week range of between 88 cents to $2.89 a
Volume today also has been higher than usual, with nearly
386,000 share changing hands during Friday trade, or more than
three times its average volume of around 119,000 shares.
In other sector news,
(+) QBAK, Tops $2 a share for first time in four years after
narrowing Q2 net loss by nearly 86% from last year, posting $0.02
per share loss. Revenue climbs 2.4% year over year to $3.44 mln. No
analyst estimates were available for comparison.
(-) TRLA, Q4 EPS of $0.03 misses by $0.04 per share. Revenue
jumps 141.4% year over year to $49.7 mln, edging Capital IQ
consensus by $330,000. Guides Q1, FY14 revenue in-line with Street
view looking for $53.1 mln, $245.22 mln, respectively.
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