Quantcast

Technology Sector Update for 11/14/2017: SUNW,MOSY,NTIP


Shutterstock photo

Top Tech Stocks

MSFT -0.31%

AAPL -0.75%

IBM +0.13%

CSCO +0.37%

GOOG -0.07%

Technology stocks were narrowly lower this afternoon, with shares of tech companies in the S&P 500 falling less than 0.2%.

In company news, Sunworks ( SUNW ) fell to a 33-month low on Tuesday, dropping almost 28% to its worst price since February 2015 at 98 cents a share, after the solar-energy company Tuesday reported a narrower Q3 net loss compared with year-ago levels, which still missed Wall Street expectations.

Net loss for the three months ended Sept. 30 was $0.09 per share, improving on a $0.29 per share net loss during the same quarter last year but coming in wider than the three-analyst consensus expecting a $0.01 per share net loss. Revenue rose 7.1% year over year to $18.8 million, also lagging the $24 million analyst mean.

In other sector news,

(+) MOSY, (+133.8%) Non-GAAP Q3 net loss of $0.18 per share beats Capital IQ consensus expecting a $0.48 per share net loss. Narrows GAAP net loss to $0.22 per share from $0.71 per share last year. Sales rise 56.3% to $2.5 million, topping the analyst mean by $900,000. Guides Q4 sales at least $1.6 million above $1.7 million consensus.

(-) NTIP, (-39.8%) Federal jury in eastern Texas rejects patent infringement accusations by Network-1 Technologies against Hewlett-Packard ( HPQ ), ruling certain claims for its Remote Power technology were invalid.

NTIP said it was considering future actions, including a potential appeal.

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: SUNW , HPQ , MOSY , NTIP


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities








Research Brokers before you trade

Want to trade FX?





Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com