Technology Sector Update for 04/20/2017: PRLB,MVIS,PFPT


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Technology stocks were set to finish mostly higher today, with shares of tech companies in the S&P 500 advancing just under 1.0% in recent trading.

In company news, 3-D printer Proto Labs ( PRLB ) was near its session highs, with shares rising over 3% in late trade after the custom prototyping and manufacturing company Thursday said it acquired ISO 9001, ISO 14001, and ISO 27001 certification for its Japanese facility in Zama-shi, Kanagawa.

The manufacturing facility opened in 2009 and has been steadily building its presence, the company said, highlighted by a large expansion in 2016.

In other sector news,

(+) MVIS, Signs contract with "major" technology firm to develop a laser beam scanning display system worth up to $24 mln over 21 months, including $14 mln in milestone payments as preliminary work progresses.

(-) PFPT, Reduced to Neutral from Outperform at Robert W. Baird, which also cut its price target for the company's stock by $15 to $77 a share.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Technology , Commodities
Referenced Symbols: PRLB , MVIS , PFPT


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