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Sector Update: Technology

By: MT Newswires
Posted: 6/17/2014 8:40:00 AM
Referenced Stocks: YGE;FDS;AAPL

Technology shares were generally higher in pre-market trade Tuesday.

In technology stocks news, Yingli Green Energy ( YGE ) shares gained in recent pre-market trade after reporting its Q1 loss nearly halved, although it was wider than analysts' estimates, and as the company reiterated its guidance for photovoltaic module shipments in 2014.

YGE is trading in the lower half of its 52-week range between $2.68 and $8.77.

And, financial-information and analytical-applications provider FactSet Research Systems ( FDS ) reported fiscal Q3 adjusted earnings below analysts' expectations and forecast a smaller-than-expected Q4 profit, even as Q3 revenue slightly topped the Street view and the company's projection for Q4 revenue was in line with the consensus.

Finally, analysts at Cowen have raised their price target on shares of Apple, Inc. ( AAPL ) to $102 from $90 a share, while maintaining an outperform rating on the stock.