Top Tech Stocks
Technology stocks are ending lower with shares of technology
companies in the S&P 500 falling about 0.6%.
In company news, Twitter Inc. (
) rose Friday, with shares advancing about 2.3% at $61.98 apiece
and the micro-blogging website today started at Buy with a $75 a
share price target in new coverage at Stifel Nicolaus.
TWTR reportedly is close to a deal with payments firm Stripe to
develop eCommerce tools for the social network. ReCode and other
online news websites said an agreement would allow TWTR users to
make payments directly through the site. TWTR and Stripe have
declined to comment when contacted by other media today.
In other sector news,
(+) KONE, Shares nearly triple in price after the wireless
equipment company narrows FY13 net loss by 43% to $3.65 per share.
Revenue balloons 697% to $11.6 mln. Forecasts $500,000 to $1 mln
FY14 profit on $12 mln to $15 mln in revenue.
(-) INTC, Earns $0.51 in Q4, lagging estimates by $0.01 per
share. Revenue up 2.6% year over year to $13.83 bln, topping
consensus view by $90 mln. Sees Q1 revenue of $12.3 bln to $13.3
bln and gross margins of 59%, matching Street estimates.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.