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.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

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

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