Top Tech Stocks
Technology stocks were higher today with shares of technology
companies in the S&P 500 climbing 0.6% today.
In company news, Equinix Inc. (
) declined Thursday, with shares of the data-center services
company falling 3% to $186.88 a share in recent trade and the
company guiding Q1 revenue at least $3.41 mln under Street view.
Its FY14 outlook also lagged the Capital IQ consensus by around $30
The weak outlook overshadowed strong financial results during
its December quarter, earning $0.88 per share and beating Wall
Street expectations by $0.06 per share. Revenue grew 11.5% over
year-ago levels to $564.7 million, topping analyst estimates by
In other sector news,
(+) TSLA, Q4 EPS of $0.33, ex items, beating estimates by $0.12
per share. Non-GAAP revenue rises 148.5% year over year to $761.3
mln, topping consensus view by $88.16 mln. Expects to deliver over
35,000 Model S vehicles in 2014, exceeding Wall Street expectations
for around 29,000 in annual sales.
(-) SNPS, Announces deal to acquire chip-tester Coverity for
$375 million in cash and debt, also reporting revenue in its fiscal
Q1 trailing analyst forecasts by a narrow margin. Q2, FY14 sales
guidance also lag Wall Street expectations.
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