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Technology Sector Update for 06/16/2017: MSFT, AAPL, IBM, CSCO, GOOGL. FNSR, FB, ANET


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Top Technology Stocks:

MSFT: +0.5%

AAPL: +0.2%

IBM: +0.4%

CSCO: +0.8%

GOOGL: +0.2%

Technology shares were higher in Friday's pre-market trade.

In technology stocks news, Finisar ( FNSR ) was up 7.3% after it reported Q4 revenue of $357.5 million, up from the $318.7 million recorded in the year ago quarter but shy of the analyst consensus of $359.6 million on Capital IQ. Non-GAAP earnings were $0.50 per share, up from $0.29 per share last year and in line with expectations. For Q1, the company expects revenue in the range of $330-$350 million, below the Street view of $366 million. Non-GAAP earnings are seen at $0.37-$0.43 per share, vs. expectations of $0.51 per share.

In other sector news,

(+) FB, (+0.3%) Starst using artificial intelligence to help stop the spread of terrorist content on the social media platform.

ANET (flat) BMO Capital Markets maintains outperform rating for shares, boosts price target to $167

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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Technology , Commodities
Referenced Symbols: FNSR , MSFT , AAPL , IBM , CSCO


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