Top Tech Stocks
Technology stocks are slightly higher, with shares of technology
companies in the S&P 500 advancing 0.2% as a group this
In company news, Ceragon Networks Ltd (
) is down more than 12% at $2.55 a share, just 3 cents off its new
52-week low ahead of the networking equipment manufacturer's
pricing an offering of its common stock later on Wednesday.
The company said the underwritten offering is expected to price
after the close of the regular market session but did not include
other details, including how many shares it expects to sell.
CRNT shares last traded this low in April 2003.
In other sector news,
(+) YHOO, (+4.0%) Boosts stock buyback by $5 bln. Also disclosed
plans for a $1-bln debt offering of convertible senior notes, with
proceeds slated for additional share repurchases and possible
(-) QUNR, (-5.8%) Chinese online travel commerce platform
reports Q3 adjusted net loss of $6.3 mln compared with $65,600 in
adjusted net income last year. Revenue increased 57.5% year over
year to $39.4 mln. No analyst estimates for the period were