Top Tech Stocks
Technology stocks were declining Tuesday, with shares of
technology companies in the S&P 500 retreating about 0.5%.
In company news, Tableau Software (
) shares rallied Tuesday after the company late Monday reported Q1
per-share earnings and revenue that beat analyst expectations and
raised its full-year revenue outlook above the Street view.
The enterprise software firm reported a net loss of $0.01 per
share, improving on a $0.05 loss last year and beating the Capital
IQ consensus by $0.10 per share. Revenue surged 86% year over year
to $74.6 million, topping the Street view by $10.4 million.
DATA increased its forecast for FY14 revenue by $20 million over
its prior guidance to a new range of $340 million to $350 million,
topping analyst estimates by at least $12.56 million.
The company also is projecting a non-GAAP net loss in the
current quarter of $0.09 to $0.01 per share on between $75 million
to $80 million in revenue. Analysts, on average, are expecting DATA
to produce a $0.09 per share loss during Q2 on $72.41 million in
DATA shares were up nearly 4% at $60.23 each this afternoon,
earlier rising to a session high of $62.92 a share. The stock has a
52-week range of $44.00 to $102.37 a share.
In other sector news,
(+) PSMI, (+11.8%) Q1 revenue declines 11.4% from last year to
$41.2 mln but beats Capital IQ consensus by $7.06 mln. Adjusted net
loss of $0.24 per share was $0.02 wider than Street view.
(-) ININ, (-18.6%) Non-GAAP net loss of $0.02 per share lags
Wall Street estimates looking for $0.01 per share profit. Revenue
rises 8% year over year to $79.4 mln, trailing Capital IQ consensus
by around $300,000.