Top Tech Stocks
Technology stocks are lower this afternoon, with shares of
technology companies in the S&P 500 sliding nearly 1.6%.
In company news, Blackbaud Inc. (
) is up 2.4% this afternoon at $36.00 a share after late Monday
adding interim chief executive responsibilities to Chief Financial
Officer Anthony Boor's job portfolio, effective Aug. 31.
Boor will be interim president and CEO until a permanent CEO is
appointed, the software company said. "We remain focused on
completing our search for our permanent CEO, board chairman Andrew
Leitch said in prepared remarks, adding the search committee is
"pleased" with high quality of candidates under consideration.
Shares also are getting a lift from an upgrade to Buy from Hold
at Stifel Nicolaus.
In other sector news,
(+) FTNT, (+0.6%) CNBC's Jim Cramer touts the Internet security
company as a potential winner as the sector overcome current
macro-economic conditions. He also mentions Fortinet Inc. (
), down 0.9%.
(-) LMOS, (-7.9%) Fiber-based network services provider files
S-3 registration statement making 5.7 mln shares held by Quadrangle
Funds eligible for future sale. Company says Quadrangle has said it
has no current plans to sell any of its shares.
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