Top Tech Stocks
Technology stocks are closing slightly lower, unable to overcome
) today warning of sluggish PC sales next year. At last look,
shares of technology companies in the S&P 500 were down
In company news, Splunk Inc. (
) is finishing today's session with a 22.5% advance, with shares
now fetching $73.40 - retreating slightly from its new, all-time
high of $74.76 - after the "big data" analysis firm posted
better-than-expected Q3 results and issued upside guidance for Q4
SPLK broke even with its Q3 net income, topping the Capital IQ
consensus expecting a $0.01 per share loss. Revenue rose 50.9% over
the same quarter last year to $78.6 million, beating analyst
estimates by $7.78 million.
The company is expecting revenue during the current quarter in a
range of $88 million to $90 million, exceeding the consensus view
by at least $2.13 million.
In other sector news,
(+) ATRM, Receives $2.1 mln in orders from both new and existing
customers for multiple sets of its VMAX integrated circuit test
handlers. ATRM reported $1.9 mln in sales through first nine months
of 2013. Delivery is slated for Q1.
(-) VMEM, Narrows per-share net loss by 58% from last year to
$0.63 but still lags Wall Street estimates by $0.16 per share.
Revenue grew 37% to $28.3 mln, trailing Capital IQ consensus by
$3.4 mln. Q4 revenue guidance misses by at least $13.3 mln.
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