Top Tech Stocks
Technology stocks are posting solid gains this afternoon, with
shares of technology companies in the S&P 500 climbing almost
In company news, shares of DragonWave Inc. (DRWI,DWI.TO) climbed
after the supplier of packet-microwave-radio systems for mobile
networks announced a strategic sales agreement with Xi'an Potevio
Communications, an ICT subsidiary company of China Potevio Corp.,
for the sale and distribution of DragonWave products and services
Under the agreement, Xi'an Potevio Communications has made its
first deliveries of DRWI's Horizon Compact all-outdoor radios to an
unidentified mobile-services provider in mainland China, the
companies said. Longer-term, Xi'an Potevio will step up its
marketing of DRWI's Horizon and Harmony microwave radios for use in
China's mobile, fixed and enterprise markets.
U.S.-listed DRWI shares were up 19.6% at $1.70 in recent
trading, climbing as high as $1.81 a share. The stock has a 52-week
range of $1.08 to $3.58 a share and is down about 30% from year-ago
In other sector news,
(+) DTLK, (+27.7%) Projects Q4 net revenue of $174 mln, up from
its prior guidance of $160 mln to $170 mln and beating the Capital
IQ consensus call of $167 mln. Raises non-GAAP EPS guidance to
$0.33 to $0.37, or at least $0.08 per share above estimates.
(-) JKS, (-0.3%) Launches offering of 2.75 mln American
depository shares, with each ADS representing four common shares of
the solar energy company's stock. JKS also is conducting a $100 mln
concurrent offering of convertible senior notes due 2019.
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